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Showing posts from February 3, 2021

Wednesday - Wall Street Pulls GameStop Back To Earth.

 Tech stock futures are pointing to a higher open with Amazon and Alphabet's promising Q4 results. However, Dow futures are lower, while, private sector rose by 174k in the US. Amazon reported its highest revenue to date, with 44% increase since last year. Meanwhile, they announced that Jeff Bezos will transition to executive chair while Andy Jessy, AWS CEO, will replace him by Q3. Visa is collaborating with First Boulevard bank to help their customers buy/sell Bitcoin via Anchorage. This is the first partnership using Visa's Crypto API. Uber will acquire Drizly, on-demand alcohol marketplace, for 1.1 billion in stock and cash. GameStop stock tanked by 60% and down to $90. Keep smiling and stay charitable.