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.”
Source: The Block
Other Key Fintech Developments:
- Unpacked: A story of Tinkoff bank.
- Mozper taps $3.55M for payments.
- NFL legend joined Voyager Digital.
- Mastercard loses UK court appeal.
- OpenFin to expand its product set.
- US looks to overhaul market data.
- KingSwap intros DeFi gamification.
- CNote advances economic justice.
- Homebuyer raises $1.4M in funds.
- 2020 really great for Y Combinator.
Watch Out For This: BlackRock Inc. Chief Executive Officer Larry Fink urged caution on the ebullient environment for initial public offerings.
- Citi is mocked by asset managers.
- No disbanding? Police budget cut.
- FTC orders user data explanation.
- Boeing performing 787 inspection.
- The legacy of Bosnia’s peace deal.
- Apple adds $10/month fitness app.
- UAW to pay $1.5M to settle issues.
- Google experiences global outage.
Market Moving Headline: A key consequence of this year’s policy revolution is the potential for a more muted response of nominal yields to higher inflation, in our view. This means investors should start positioning their long-term portfolios for this new dynamic now, in our view. We favor holding more inflation linked bonds and see equities supported by falling real rates in strategic portfolios.
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Source: The Block