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MARKETWATCH FRONT PAGE
Estimates for where the S&P 500 is headed in 2021 are pretty upbeat right now, as a string of upbeat news on COVID-19 vaccines inspires investors. But what if Wall Street gets it wrong? Our call of the day says an old standby sector will prevail. See full story.
Elon Musk is now world’s second-richest person, as net worth has grown more than $100 billion this year
The Bloomberg Billionaires Index on Monday ranked the Tesla Inc. chief executive — with a $127.9 billion fortune — above Bill Gates — at $127.7 billion — for the first time. See full story.
Biden has the power to make the Consumer Financial Protection Bureau more aggressive — he has President Trump to thank
Analysts expect the CFPB under Biden to follow the model pursued under former President Obama and former CFPB head Richard Cordray in terms of calling out predatory practices and assessing hefty penalties. See full story.
Trump administration gives Biden approval to begin official transition process
Emily Murphy, director of the General Services Administration, informed President-elect Joe Biden late Monday that she was ready to begin the formal transition process, the first move by the Trump administration acknowledging Biden’s election victory. See full story.
Google Cloud is creating a new type of digital banking platform with this lender
Google Cloud is joining with a small British bank to develop a new type of platform, mixing the personal relationship of traditional banking with the technology of Google’s digital cloud services. See full story.
MARKETWATCH PERSONAL FINANCE
More people were having trouble getting enough food on the table in early November compared to five weeks earlier. See full story.
