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News Updates: Trump Expected to Issue Many Pardons on Final Day in Office


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Senate Majority Leader Mitch McConnell criticized President Donald Trump’s role in fomenting the mob that stormed the Capitol building on Jan 6. “The mob was fed lies,” McConnell said on the Senate floor. “They were provoked by the president and other powerful people.” The Senate will soon begin outgoing President Trump’s second impeachment trial and McConnell, who will become the minority leader once Democrats take control of the chamber, has not yet publicly said how he will vote, but has increased his criticism of Trump after years of being wary of doing so. ....

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Netflix Reports Earnings Today. Can It Restart the Tech Rally?


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Earnings season started last week with results from
JPMorgan
and other big banks. Or did it? For many investors, it doesn’t really begin until
Netflix,
the first of the big tech stocks, reports after Tuesday’s close.
Tech looms over the market. The FAANG stocks plus
Microsoft
have a combined market cap of more than $7 trillion, or roughly 22% of the total value of the
And big tech has been stuck. The FAANG+M stocks have risen an average of just 1.4% over the past three months, trailing the 8% gain of the market. Banks and energy stocks have risen more than 40% over that period. ....

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How U.S. Research Damning Electric Cars is Funded by Saudi Oil Interests


By
Matt Smith
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U.S. Department of Energy, Oak Ridge National Laboratory
Hidden in the hardwood forests of eastern Tennessee is a glass-and-steel American Wakanda of impulsed neutron beams, supercomputers, and atom probe microscopes. Here, at the U.S. Department of Energy’s Oak Ridge National Laboratory, Enrico Fermi and fellow scientists raced to develop the neutron bomb, and subsequent generations worked on the world’s-fastest computers, helped develop nuclear submarines and advanced spacecraft, analyzed greenhouse gas emissions, and made world-changing discoveries such as ribonucleic acid and the role of the Y chromosome.
One.
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How U.S. Research Damning Electric Cars Is Funded by Saudi Oil Interests ....

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Gensler Named New Watchdog of Wall Street


By
Liz Moyer
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Gary Gensler, pictured here in 2012, has been nominated by President-elect Joe Biden to be chairman of the Securities and Exchange Commission.
Alex Wong/Getty Images
President-elect Joe Biden’s nominee to be Wall Street’s watchdog is returning to familiar ground.
Gary Gensler, nominated to be chairman of the Securities and Exchange Commission, the campaign announced on Monday, is a former
Goldman Sachs
partner and Treasury Department official who led the Commodity Futures Trading Commission during President Barack Obama’s administration.
At the CFTC, Gensler helped instill new discipline and rules for governing the multi-trillion-dollar derivatives market, including the 2010 Dodd Frank regulatory reforms enacted in response to the 2008 financial crisis. ....

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