The stock market has gotten off to a strong start early in 2021, with the S&P 500 index climbing roughly 2.8% so far and the Nasdaq Composite index up roughly 5.2% in the year's trading. Strong performance for tech companies has continued to play an outsize role in shaping the market's run, and leading industry players are under the microscope as we head into the thick of earnings season. Read on for a look at three technology companies that are set to report earnings before the month is over and look primed to deliver wins for shareholders.
- Investor's Business Daily
T-Mobile holds an edge in 5G wireless spectrum but will its market share gains vs. AT&T and Verizon continue? Here is what fundamental and technical analysis says about buying TMUS stock.
- Associated Press
The lawmaker who's chair of a hearing on the Jan. 6 riot says the U.S. Capitol Police’s acting chief failed to understand the threat facing lawmakers that day. Pittman was serving then as assistant chief of protective and intelligence operations. Pittman has acknowledged that an FBI warning of violence sent the day before the riot was received by the Capitol Police but was never forwarded to her.
- Associated Press
Nico Sturm led a balanced Minnesota scoring attack with two goals, Kaapo Kahkonen was sharp in making 30 saves and the Wild earned their fourth straight win by beating the Colorado Avalanche 6-2 on Wednesday night. Mats Zuccarello, Zach Parise, Marcus Foligno and Ryan Hartman also scored for the Wild, who finished 4-1 on their road swing.
Australia on Thursday continued its downward trend of COVID-19 cases, stoking hopes of a faster return to normal, while Qantas Airways pushed back international travel plans by four months as it waits on the country finishing its vaccination drive. Victoria, the country's second-most populous state, recorded no cases for nearly a week, suggesting the most recent outbreak in Melbourne has been contained, prompting authorities to flag easing of more restrictions soon. "With six days of zero cases, with the number of active cases falling each day... we can be quite positive about making some announcements tomorrow," state Premier Daniel Andrews told reporters when asked about lifting of curbs on gatherings.
- The Week
Golfer Tiger Woods is in serious condition following a solo car accident Tuesday morning near Rancho Palos Verdes, California, Los Angeles County Sheriff Alex Villanueva said on Tuesday afternoon. Woods was driving a Genesis GV80 SUV, which rolled over several times before coming to a stop. After being extracted from the vehicle, Woods was taken to Harbor-UCLA Medical Center with multiple leg injuries, and is undergoing surgery. Contradicting earlier reports, Los Angeles County Fire Department Chief Daryl Osby said the Jaws of Life tool was not used to remove Woods from the car. Villanueva said when deputies arrived at the scene, there was "no evidence of impairment," and weather was not a factor in the crash. Deputy Carlos Gonzales was the first officer to reach the vehicle, and he told reporters Woods was conscious and able to communicate but could not stand on his own. Gonzales said Woods was wearing a seatbelt, which "greatly increased the likelihood that it saved his life." More stories from theweek.comThe MyPillow guy might be Trump's ultimate chumpBiden nominates postal board slate that could oust Louis DeJoy after DeJoy vows to stay putIt's been 1 year since Trump infamously tweeted the 'coronavirus is very much under control' in the U.S.
Irisnaide Silva is female, Brazilian and indigenous. They kept digging even after Brazil in 2005 marked the land as indigenous territory, a measure that prohibited mining despite protests from her family and other wildcatters in her Macuxi tribe. Now, Silva has the ear of none other than Jair Bolsonaro, Brazil's president.
The $6.2 billion-an-hour rise in the value of world stocks since March was dubbed the "mother of all asset bubbles" by BofA analysts last week - and all of a sudden there is a high-pitched hissing sound. Electric car doyen Tesla, which raced up 750% in last year's frenzy, skidded into the red for 2021 on Tuesday, hit by a selloff of tech stocks and a plunge in Bitcoin, in which the carmaker recently invested $1.5 billion. Both are technically in bear markets, defined as down 20% from their latest peaks, although for ultra-volatile Bitcoin which has surged well over 1,000% since March, that was admittedly only a few days ago.
- Reuters Videos
A chip shortage is biting at Japan's big carmakers. Output dropped sharply in January as semiconductors ran short. Overall production was down just over 4.5% on the year. But some makers were hit much harder. Subaru said production fell over 29%. At Honda the decline was almost 9%. In both cases the downturn was mostly due to the silicon drought. Carmakers around the world have been affected. Chips are in short supply as a result of booming sales of consumer electronics. People stuck at home have been snapping up new gadgets. U.S. sanctions on Chinese chip factories have added to the problem. The effects are not evenly felt, however. Nissan and Toyota both eked out production gains in January. Suzuki and Mazda saw production fall, but didn't blame the chip shortage.
Singapore received its first batch of the COVID-19 vaccine made by China's Sinovac Biotech on Tuesday, its health ministry said, although the shot is still awaiting approval for use in the city-state. Sinovac has started submitting initial data but the Health Sciences Authority is currently awaiting all the necessary information to carry out a thorough assessment, the ministry said in a statement late on Wednesday. Singapore is the only wealthy country considering the use of Sinovac's vaccine, which has been found to have an efficacy rate ranging from about 50% to 90% in studies.
- Reuters Videos
Armenia's prime minister is calling for his supporters to rally for him, and is warning of an attempted military coup, after the army demanded his resignation.Protests and counter-protests appeared in the capital shortly afterwards on Thursday (February 25).It's not immediately clear if if the army is willing to use force to make Prime Minister Nikol Pashinyan resign, along with the rest of his administration, or whether it was just talk.But the leader has faced calls to quit for months over his handling of the devastating military conflict it fought with Azerbaijan last year, and the army in a written statement said, quote, "the serious mistakes in foreign policy have put the country on the brink of collapse."Thousands of people are believed to have died in the fighting with Azerbaijan, where ethnic Armenians lost huge areas of territory to Azeri forces.Thursday's development has also alarmed Russia, which has a military base in Armenia, and has peacekeepers watching the region.It's calling for calm and for Armenians to work within their constitution. Turkey, which supported Azerbaijan during the conflict, is also condemning the move.The Turkish government says coups are unacceptable, no matter where they take place.
Acting U.S. Capitol Police chief Yogananda Pittman testified on Thursday that cellphone records show former USCP chief Steven Sund requested National Guard support from the House sergeant-at-arms as early as 12:58pm on Jan. 6, but he did not receive approval until over an hour later.Why it matters: Sund and former House sergeant-at-arms Paul Irving clashed at a Senate hearing on Tuesday over a dispute in the timeline for when Capitol Police requested the National Guard during the Capitol insurrection.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeIrving insisted that he has no recollection of receiving the request until after 2pm. Lawmakers are looking for accountability over that hour of lost time, when pro-Trump rioters were able to breach and ransack the Capitol."I did not get a request at 1:09 that I can remember," Irving, who resigned after the insurrection, testified. "The first conversation I had with chief Sund in that timeframe was 1:28, 1:30. In that conversation, he indicated that conditions were deteriorating and he might be looking for National Guard approval."Details: Pittman testified to a House subcommittee that Sund's phone records show the former chief first reached out for National Guard support to Irving at 12:58pm.Sund then spoke to former Senate sergeant-at-arms Michael Stenger to make the same request at 1:05pm, per Pittman.Pittman says Sund repeated his request to Irving at 1:28pm, then spoke to him again at 1:34pm, 1:39pm and 1:45pm.Go deeper: Pittman testifies officers were unsure of lethal force rules on Jan. 6Like this article? Get more from Axios and subscribe to Axios Markets for free.
- The Daily Beast
Reuters/Saul LoebA thief has shot Lady Gaga’s dog walker and made off with two of her French bulldogs, a representative from her team has confirmed to People magazine.The shooting took place in West Hollywood late on Wednesday night. The Los Angeles Police Department confirmed to The Daily Beast that a 30-year-old male victim was taken to a local hospital. Police said his condition was unknown, but he was reportedly alert and communicative while being treated. CNN reported Thursday that the dog walker is recovering well.The singer has three beloved French bulldogs, Koji, Asia, and Gustav. She is “extremely upset” and is offering a $500,000 reward for the safe return of Koji and Gustav “no questions” asked, according to TMZ. Anyone with information is asked to email KojiandGustav@gmail.com.The shooting began right before 10 p.m. ABC7 footage from the scene shows the dog walker dressed in shorts laying on the pavement cradling Asia, the one dog that managed to escape the thief, while first responders attended to him. Police were seen swaddling Asia in a blanket before Lady Gaga’s bodyguard retrieved the pet, reported TMZ. Police are searching for at least one male suspect, who is believed to have used a semi-automatic handgun and was last seen fleeing northbound toward Hollywood Boulevard Avenue in a white vehicle. View this post on Instagram A post shared by Lady Gaga (@ladygaga) The case is now being handled by the department’s Robbery-Homicide Division, which often oversees high-profile investigations. They are treating the case as an “assault with a deadly weapon,” a police spokesperson confirmed.Lady Gaga is currently in Rome where she is filming Ridley Scott’s new movie Gucci. Her father Joe Germanotta described the dog walker, whom police have not formally identified, as a friend of the family."Our whole family is upset and praying Koji and Gustav are not harmed," he told Fox News. He then pleaded for help to “catch these creeps,” adding “shooting someone in order to steal dogs is wrong.”Officials said it was too early in the investigation to know if the dogs were specifically targeted in the attack. French bulldogs are very popular pets and puppies can cost as much $10,000, depending on their pedigree.Lady Gaga's team was not immediately available for further comment.Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.
- Business Insider
Texas Lt. Gov. says that people getting huge energy bills 'gambled on a very, very low rate' - but suggests they won't have to pay the full amount
Texans on variable-rate energy deals were faced with enormous bills as the wholesale price of electricity spiked 10,000% during the storms.
- Business Insider
Stephen Miller, the architect of Trump's migrant-family-separation scheme, called Biden's immigration policies 'cruel' and 'inhumane'
The family-separation policy made Miller one of the most controversial Trump officials. He even put conservatives on edge.
- The Independent
The anchor was called out “fatphobic” on social media
- Business Insider
China's massive Coast Guard and a new law expanding what it can do have worried its neighbors, maybe none of them more so than Japan.
- Business Insider
GOP Rep. Adam Kinzinger called out Rep. Marjorie Taylor Greene for hanging a sign declaring binary gender across the hall from a lawmaker with a trans daughter
Greene and Rep. Marie Newman were sparring over the Equality Act, which would ban discrimination on the basis of gender identity or sexual orientation.
- The Independent
Obama earlier appeared to oppose reparation during his presidential campaign
The Manhattan district attorney is now in possession of millions of pages of former President Trump's tax and financial records, CNN first reported, following a Supreme Court ruling that allowed prosecutors to enforce a subpoena after a lengthy legal battle.Why it matters: Trump fought for years to keep his tax returns out of the public eye and away from prosecutors in New York, who are examining his business in a criminal investigation that was first sparked by hush-money payments made by Trump's former fixer Michael Cohen during the 2016 election.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeThe New York Times reports that the investigation has intensified in recent months and that prosecutors are now examining potential tax and bank-related fraud.Trump has denied any wrongdoing, attacking the investigation by Manhattan District Attorney Cy Vance as a political "witch hunt."Go deeper: Here’s What’s Next in the Trump Taxes Investigation (N.Y. Times)Like this article? Get more from Axios and subscribe to Axios Markets for free.
- The Independent
Republican says ‘those big bills are people who gambled on a very, very low rate’ after reports people resorted to using life savings for higher fees amid the freeze