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Bloomberg Rich States Uncover Tax Windfall, Undercutting Push for Aid (Bloomberg) — It was a shocking, and seemingly improbable, figure.Eight months into the pandemic — and the brutal economic collapse it triggered — California’s budget watchdog said the state was poised to pocket a windfall of some $26 billion. Just as New York and Connecticut had revealed weeks earlier, tax revenue was coming in at a clip no one expected, thanks in part to the booming stock market.And so it has largely… Source link

TipRanks 3 “Strong Buy” Stocks That Are Still Undervalued After a year that most of us want to forget, 2021 is shaping up to start with stability and an even keel. The election is safely behind us, the new Biden Administration promises a ‘no drama’ approach, a closely divided and hyper-partisan Congress is unlikely to enact any sweeping legislation, reform or otherwise, and COVID vaccines are ready for distribution. It’s a recipe for a calm news cycle.Which makes it a perfect time to… Source link

The price of bitcoin surged past the $20,000 mark on Wednesday morning to $20,820, a new all-time-high and the latest milestone in a 2020 surge that accelerated during the COVID-19 pandemic. The new high took bitcoin’s market cap to $384 billion. Bitcoin already bested its December 2017 peak on Nov. 30 when it topped $19,800, but it swung wildly in the days after, and $20,000 was seen as a major resistance level. The majority of cryptocurrency exchange sites say this is the first time… Source link

Stock futures rose Wednesday morning, pointing to another session of gains as investors considered lawmakers’ final efforts to get a stimulus package through before year-end, and awaited the Federal Open Market Committee’s December monetary policy decision. Contracts on all three major indices headed toward a higher open, but came off overnight session highs after a much weaker-than-expected print on November retail sales, which showed a sharper drop in consumer spending than anticipated… Source link

LeBron James #23 of the Los Angeles Lakers warms up prior to the start of the game against the Miami Heat in Game Six of the 2020 NBA Finals at AdventHealth Arena at the ESPN Wide World Of Sports Complex on October 11, 2020 in Lake Buena Vista, Florida. (Photo by Douglas P. DeFelice/Getty Images) The U.S. began rolling out the first COVID-19 vaccine this week, from Pfizer and BioNTech, while the FDA weighs approval of the Moderna vaccine. The next challenge is to get the majority of Americans… Source link

TipRanks Shift Into Hydrogen Could Lift These 3 Stocks Higher In a report on the alternative fuel market, analyst Rupert Merer, of National Bank of Canada, looks at the possibilities and potentialities of the hydrogen as both an energy resource and a commodity. At the heart of the matter, he writes, “Stakeholders across energy markets have reached the consensus that climate change is a problem and decarbonization of our energy supply mix will require a multifaceted approach which includes… Source link

[unable to retrieve full-text content]Market Coverage: Wednesday December 16th Yahoo Finance  Yahoo Finance Source link

It’s always a difficult choice for a boxer to go to court to resolve a contract dispute because careers are so short, time is of the essence and court cases tend to drag out indefinitely. At the height of his earning power, though, Canelo Alvarez willingly went to court because of what he saw as obstacles in his path to get back into the ring. And on Saturday in San Antonio in a fight that will be streamed on DAZN and traditional pay-per-view, Alvarez will not only make his first appearance… Source link

Tesla (TSLA) has been one of the hottest stocks of 2020, with share prices skyrocketing 582% just this year. But at least one analyst says the electric vehicle company’s price is too high, contending it should be worth between $60 to $80 rather than more than $600 a share. Gordon Johnson, founder and CEO of GLJ Research, told Yahoo Finance Live on Monday that Tesla’s lofty valuation will soon come crashing down, with a number of factors weighing on the company’s stock price. Those… Source link

Another year, another late-season surge by Arizona Cardinals running back, Kenyan Drake. Drake was a tough pill to swallow at times this season. He was receiving the workload of a top fantasy back — without all the top-notch results. [Week 15 Fantasy Rankings: QBs | RBs | WRs | TEs | FLEX | DST | Kickers] That has changed in the past few weeks, however. Drake has scored touchdowns in four straight games; five total in four. Combine that with some actual work in the passing game and Drake has… Source link