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Stock futures opened slightly higher on Tuesday investors awaited another batch of corporate earnings results and the Federal Open Market Committee’s (FOMC) January monetary policy decision. S&P 500 futures traded higher by about 0.2% as the overnight session kicked off, holding near the index’s all-time high. Contracts on both the Nasdaq and Dow also increased. Late Tuesday, shares of heavily weighted tech stock Microsoft (MSFT) jumped after the company posted fiscal second quarter… Source link

Bloomberg NYC Apartment Landlords Getting Burned in Gentrification Crash (Bloomberg) — New York’s apartment investors are suddenly waist-deep in distress.By December, they were behind on $395 million of debt backed by mortgage bonds, almost 150 times the level a year earlier, according to Trepp data on commercial mortgage-backed securities. Tenants in rent-stabilized units owe at least $1 billion in rent and wealthier ones are fleeing the city, leaving behind vacancies and pushing… Source link

Verizon revealed during its earnings call Tuesday morning Verizon Media Group had a solid Q4 – total revenues jumped 11.4% to $2.3 billion YOY – marking the first quarter of year-over-year growth since the wireless giant acquired Yahoo in 2017 for $4.48 billion. Growth in the quarter was fueled by strong advertising trends, with revenue from Verizon Media’s DSP growing 41% YOY. “We are very pleased with Verizon Media Group’s performance,” said Verizon CFO Matt Ellis…. Source link

Benzinga Apple Expected To Join The $100 Billion Revenue Club When Earnings Are Released Did someone say $100 billion? And then some? Wall Street analysts did. A consensus sees Apple Inc (NASDAQ: AAPL) as joining that rarefied corporate crowd that’s broken the $100 billion in quarterly revenues mark when it opens the books Wednesday on its fiscal Q1. That’s a record for AAPL, of course, and may have been assisted by holiday sales of its new iPhone 12. But it’s one in a series of fresh… Source link

(Bloomberg) — Tesla Inc. is widely expected to report its sixth consecutive quarterly profit Wednesday — and potentially its first $1-billion quarter. That follows a remarkable year when Tesla’s stock split and skyrocketed, the company joined the S&P 500 Index and it sold almost half a million cars. Two years ago, the world’s leading electric carmaker was going through a rough patch. Elon Musk, Tesla’s chief executive officer, informed employees in a January 2019 open letter that the… Source link

Benzinga Apple Expected To Join The $100 Billion Revenue Club When Earnings Are Released Did someone say $100 billion? And then some? Wall Street analysts did. A consensus sees Apple Inc (NASDAQ: AAPL) as joining that rarefied corporate crowd that’s broken the $100 billion in quarterly revenues mark when it opens the books Wednesday on its fiscal Q1. That’s a record for AAPL, of course, and may have been assisted by holiday sales of its new iPhone 12. But it’s one in a series of fresh… Source link

Rep. Ro Khanna (D., Calif.) says if Republicans don’t get on board with President Joe Biden’s $1.9 trillion stimulus plan, the Senate should use reconciliation— a process that would allow the legislation to pass through Congress without any Republican support. “This plan is very reasonable. This is not a far-left plan,” said Khanna in an interview with Yahoo Finance Live. “Joe Biden won the election. He campaigned on this kind of plan and we should pass it.” Republicans have… Source link

Tuesday, January 26, 2021 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe A manic Monday to start the week. Looking at the major averages on Monday, you might think it was a fairly placid trading session. The Dow (^DJI) lost just over 0.1%, the S&P 500 (^GSPC) gained a little more than 0.3%, and the Nasdaq (^IXIC) closed up 0.7% to hit a record high. But underneath the surface, one of the wildest trading days we’ve seen in some time broke… Source link

At the two-minute warning of Sunday’s NFC Championship Game, the Buccaneers had the lead and the ball, with second-and-1. The Packers made a smart decision: They intentionally jumped offside, figuring it’s easier to stop a team from picking up a first down and running the clock on first-and-10 than on second-and-1. Because it was a smart decision by the Packers, the Buccaneers should have declined the penalty. They didn’t, but if they had, it could have triggered an unusual rule in the… Source link

Tuesday brings a tricky three-game slate in the NBA. Not only will DFS be impacted by some key players in the health and safety protocols, but injuries could also be an issue. As things currently stand, here are some players to consider for your lineups, as well as a few to potentially avoid. GUARDS Victor Oladipo, HOU vs. WAS ($34): Oladipo should be fresh for this matchup after sitting out Saturday for rest. He was coming off of a rough outing Friday against the Pistons in which he scored… Source link