Quote To Start The Day:
“The flame of democracy was lit in this nation a long time ago. And we now know that nothing not even a pandemic or an abuse of power can extinguish that flame,” Biden said in prepared remarks his transition team announced he would deliver at 7:30 p.m. New York time. “And so, now it is time to turn the page. To unite. To heal.”
One Big Thing In Fintech:
Fidelity Investments chairman and CEO Abigail Johnson has said that the firm s bitcoin custody business has been incredibly successful and has a tremendous pipeline.
FDA approved first GM pig for food.
Fannie, Freddie talks left for Biden.
Fed joined a panel on climate risks.
The US needs better credit system.
Homeless will find shelter at hotels.
First virus vaccines out for delivery.
Periscope will shut down by March.
Rules pushing restaurants to edge.
Sam’s Club adopted robotic pickers.
Market Moving Headline:
Tesla Inc.’s entry into the S&P 500 will make for a wild trading session Friday as money pours into the electric vehicle maker’s stock and out of shares of the index’s other members.
Shares of the Palo Alto, Calif.-based electric vehicle maker will be added to the S&P 500 all at once, which is atypical for a large addition. The company had a market capitalization of $606 billion at Monday’s closing bell, meaning it would be the eighth-largest member upon entry into the benchmark index.
EU, UK to go the extra mile in talks.
Bitcoin price dislocations unpacked.
Direct-to-consumer growth secrets.
What is wrong with the Cyber Truck?
Hyundai to control Boston Dynamics.
American Air to offer COVID testing.
US sues Facebook and gets a reply.
Market Moving Headline: During last week’s trade, U.S. index futures auctioned to new all-time highs, before moving back into balance.
Key Takeaways:
– Macro-, technical-landscape is still bullish.
Given that the higher-time frame breakout remains intact, the following frameworks for next week’s trade apply.
In the best case, buyers surface at the $3,654.75 low-volume node and extend range up to the high-volume node at $3,667.75. High-volume areas denote value and should slow prices allowing participants enough time to enter and exit trades. An initiative drive through this area would portend a test of the $3,690.75 high-volume node, and then the prior all-time rally high.
Fintech Focus For December 11, 2020 benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.