Goldman’s Predictions For 2021 | Bitcoin’s Billionaires | Top Companies For Remote Working

Plus: Wall Street Billionaire Leon Cooperman Warns Market Is ‘Not Going To End Well’ – But He Still Likes These 5 Investments

Good morning.

As anticipation for Joe Biden’s stimulus plan grows, we look at what measures are likely to be included. We also report on those investors who have won the most from bitcoin’s latest rally, and at why Amsterdam is clamping down on cannabis tourism.

In The News Today

Twitter has removed more than 70,000 accounts linked to the far-right QAnon conspiracy group, while social media app Parler is now suing Amazon for suspending it from its web hosting services.

Rep. Pramila Jayapal (D-Wash.) has become the latest member of Congress to test positive for coronavirus after having to shelter during the attack on the U.S. Capitol with Republican lawmakers who, she said, were not wearing masks.

Top Take-Aways

After tweeting “we need $2,000 stimulus checks,” President-elect Joe Biden has raised expectations for his multi-trillion-dollar stimulus plan, due to be unveiled this week. Here’s what we know so far.

Goldman Sachs is pinning its forecast for 2021 on a broad-base stimulus package from the incoming Biden administration, which should help spur better-than-expected GDP growth and booming stock-market returns—tax increases permitting.

Elon Musk’s net worth has fallen by $14 billion in one day, returning Jeff Bezos to the number one spot of the richest people’s ranking. Such is the nature of the stock market these days.

The season of the much-hyped IPOs did not end in December—Compass, a real estate startup fueled by $1.5 billion in funding by the likes of Softbank, has filed documents with the Securities & Exchange Commission to go public.

In the U.K., a staple of British fashion is preparing to float on the stock market. Dr Martens, a 60-year-old brand renowned for their leather boots, made sales of $920 million in the year to March 31, 2020 and pre-tax profits of $138 million.

Following a year that has seen remote working become the norm, the pandemic had less of an impact on FlexJobs’ eighth annual list of the Top 100 Companies to Watch for Remote Jobs in 2021 than some might have expected.

The mayor of Amsterdam’s proposal to ban sale of marijuana products to foreign visitors is fast gaining support among law enforcement and businesses in the Dutch city, known around the world as a mecca of cannabis tourism. 

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From the Winklevoss twins and a veteran VC to the CEO of publicly traded Microstrategy, the investors smart enough to hold on to their crypto through its ups and downs are riding high once again. Using everything from publicly available digital wallets to old-fashioned reporting, we set out to identify some of the biggest winners of this latest crypto boom. But beware, warn regulators: “If consumers invest in these types of product, they should be prepared to lose all their money.”

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