Varo Bank review: Earn a high rate on your savings and receive your paycheck up to 2 days early
Wednesday, 20 January 2021, 22:50:06
Summary List Placement Varo Bank, N.A. is an online bank with a high-yield savings account and checking account. If you qualify, you can earn one of the highest APYs available on savings balances up to $10,000. Varo lets you receive your paycheck early, and it doesn't charge foreign transaction fees. See Insider's picks for the best high-yield savings accounts » Table of Contents: Masthead Sticky Is Varo Bank a good match for you? You might like Varo if you … You might not like Varo if you … -Are comfortable banking digitally -Can make five debit card purchases AND receive $1,000 in direct deposits per month -Want both a checking and savings account -Travel abroad frequently -Want to receive your paycheck early -Aren't comfortable banking digitally -Can't make five debit card purchases AND receive $1,000 in direct deposits per month -Want to open a savings account but not a checking account -Need to open a joint bank account The bottom line: You'll get the most out of Varo if you can make five debit card purchases and receive $1,000 in direct deposits per month, because it qualifies you for the highest savings APY.
— Business Insider
Wednesday, 20 January 2021, 15:58:30
Summary List Placement Paccar shares jumped around 3% Wednesday after the semi-truck manufacturer announced a strategic partnership with the Amazon-backed autonomous driving start-up Aurora. The two companies are looking to combine their respective expertise to develop, test, and sell semi-trucks powered by Aurora's autonomous-driving technology. “Paccar looks forward to partnering with Aurora because of their industry-leading autonomous driving technology and impressive team,” Preston Feight, Paccar's chief executive officer, said in a press release on Tuesday. “This strategic partnership complements Paccar's best-in-class commercial vehicle quality, technology, and innovation.” Read More: GOLDMAN SACHS: Buy these 25 stocks best-positioned to juice profits in 2021 as stimulus and vaccine progress spur economic growth The Bellevue, Washington-based Paccar is a global leader in the design and manufacture of high-quality light, medium, and heavy-duty trucks. The company also provides its clientele with advanced powertrains, financial services, information technology, and distributes truck parts.
— Business Insider
Morgan Stanley Impresses With Earnings, Buttressed By Robust Investment Banking
Wednesday, 20 January 2021, 15:48:09
Inaugurations are about fresh starts and optimism. When you combine it with the kind of solid earnings that investors saw last night and this morning from Netflix Inc (NASDAQ: NFLX ) and Morgan Stanley (NYSE: MS ), you can see why the market is having a little rally to start the day. Events in Washington will probably supersede whatever happens on Wall Street today, but that doesn’t mean nothing’s going on in the financial world. First of all, MS, the final big bank to report, impressed with its Q4 results and saw shares tick higher in pre-market trading;. The company beat Wall Street estimates on earnings per share and revenue, with an amazing quarter for its investment banking. Revenue in that segment rose 46% year over year, not completely unexpected when you consider the healthy mergers and acquisitions (M&A) and initial public offerings (IPO) environment over the last few months. So, all the big banks are done, and the quarter overall not unbelievable, but good. Some disappointments came from the consumer side and hurt banks like Wells Fargo & Co (NYSE: WFC ) and Bank of America Corp (NYSE: BAC ) that do a lot of their business there.
Netflix stock jumps 13% after the entertainment titan says it will end its borrowing binge and explore stock buybacks
Wednesday, 20 January 2021, 12:31:34
Summary List Placement Netflix stock surged 13% in premarket trading on Wednesday after fourth-quarter earnings beat forecasts. The video-streaming service added a record 37 million paid subscribers in 2020. Netflix expects to generate enough cash to end its borrowing spree and potentially fund share buybacks. Visit Business Insider's homepage for more stories . Netflix shares jumped as much as 13% in premarket trading on Wednesday, after the entertainment titan trumpeted its cash generation and teased stock buybacks in fourth-quarter earnings that surpassed Wall Street's expectations . The video-streaming service – the world's largest – added a record 37 million paid subscribers in 2020, boosting its global members by 22% to more than 200 million for the first time. Its annual revenue surged 24% to $25 billion as a result, driving its operating income up 76% to $4.6 billion. Read More: The head of active equity at Wells Fargo's $607 billion asset management arm shares how she worked her way up from the call center 29 years ago — and pinpoints 3 trends transforming the investment landscape today Netflix also reduced its free cash outflow from $1.7 billion in the fourth quarter of 2019 to $300 million last quarter, and expects it will shrink to around zero this year.
— Business Insider
Seven key dividend forecasts for 2021
Wednesday, 20 January 2021, 05:54:25
Dividends declared by firms in 2021 are predicted to approach $1.78tr, up 6.5% from the $1.67tr paid by the same firms in 2020. Our positive outlook reflects increasing business visibility, wider availability of a COVID-19 vaccine, and the strength of the Asia Pacific and emerging markets. The pandemic caused unprecedented volatility in global dividends and led to suspensions from some of the largest payers especially in EMEA. However, we expect the Brexit deal, the conclusion of the US elections and the availability of the vaccine to reduce uncertainty and encourage more companies to resume payments or grow dividends in 2021. In the Americas, we expect dividends to drop slightly compared to 2020, while in the Eurozone, we expect to see a recovery; however, Eurozone dividends will not reach the levels of 2019. Asia Pacific dividends are forecasted to flourish and surpass even their 2019 levels. After losing its spot as the top dividend contributor in 2020, due to significant cuts and suspensions, the banking sector is expected to return to its number one spot, though we forecast it will not meet the level of dividends paid in 2019.
— IHS Markit
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