7th January 2021

Dear Reader,

Welcome to another edition of Under60 Daily - a brief rundown of the top happenings in the business world, compiled by hand to exclude the clutter and ensure you get up to speed in under a minute.

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[Crypto] Cryptocurrency market value surpasses $1 trillion for the first time as bitcoin hits $37,700 record high.

Over60: CNBC

[Markets] In a bizarre turn of events, the NYSE is once again reversing its decisions to delist three prominent Chinese telecom companies. The stock exchange decision is based on new guidance from the Treasury Department.

Over60: CNBC

[U.S. Economy] Goldman Sachs is now more bullish on the U.S. economy following the democrats’ success in taking the Senate. The bank has raised its GDP forecast for America and expects the unemployment rate to reach 4.8% by the end of 2021. Goldman Sachs also expects the government to approve larger stimulus packages for Americans, increasing their disposable income in Q1 2021, leading to higher consumer spending levels.

Over60: Business Insider

[Technology] A new generation of WiFi called WiFi 6E is set to debut in the first quarter of 2021. The leap between the previous generation and WiFi 6E can be described as moving from a two-lane highway to an eight-lane one. Benefits of the new standard include larger and higher-speed connections.

Over60: The Verge

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