Weekly Report – January 13, 2021

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Highlight of the Week

Trump’s Banks Cut Ties in Wake of Violence

  • Deutsche Bank and two other U.S. lenders have cut ties over Capitol riots.
  • Further, the PGA Golf tournament announced it will not play at Trump National, and football coach Bill Belicheck declined Trump’s Medal of Freedom honor last week.

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Rapid Report:

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Coronavirus Updates (as of Wednesday morning)

-COVID-19 has registered 92.1 million cases and 1,973,000 deaths worldwide. There are over 52.7 million recovered cases.

-The US has accounted for over 23.3 million cases and has surpassed 389,000 deaths. The US has registered over 13.8 million recovered cases.

-Georgia has almost 749,000 cases and 11,297 deaths.

Walmart Creation of New FinTech Startup

-Walmart has designed a FinTech to develop and offer modern, innovative and affordable financial solutions. They have partnered with Ribbit Capital, which also invests in Robinhood, Credit Karma, and Affirm.

-Walmart already services existing customers through Walmart Credit Card, Walmart Money Card, money transfers, installment financing, and more.

Apple, Southern Company to fun tech hub at Atlanta University Center

Apple and Atlanta-based Southern Company announced they are committing $50 mm to Historically Black Colleges & Universities to prepare for careers and entrepreneurship.

Category: Market Updates
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