1. After a tough year facing the pandemic and an AUSTRAC settlement, Westpac profits have fallen to 62%. Despite the fall, the bank is resuming its dividend to shareholders.
2. Forbes.com has speculated that Kylie Jenner is no longer a billionaire, after beauty stocks and consumer spending fell heavily. This statement comes despite Jenner earning roughly $340 million after tax from cosmetic sales.
3. In an interesting move, Ivanka Trump has publicly declared herself as ‘pro-life, and unapologetically so.’ Speculation has been sparked that this declaration, in line with the nomination of Amy Coney Barrett, is intended to secure votes from the anti-abortion Christian segment of the US population.
4. The Australian wealth management company AMP has received a buyout offer from US based Ares Management for around $4.5 billion.
5. All of our lockdown mood-boarding seems to have done some good for Pinterest, with American stock pickers, such as Justin Post of Bank America, expecting the company stock to jump from US$58 to US$72, after a 58% year-over-year gain.
