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Seven day average for new coronavirus cases continues to fall, state reports one new death WBAYState reports 128 new COVID-19 deaths WISN 12 NewsDHS reports record amount of COVID-19 deaths for one day WBAY50 new hospitalizations, 1 additional COVID death in Wisconsin Channel3000.com - WISC-TV3One more dead from COVID-19 in Wisconsin; 50 newly hospitalized WKOWView Full Coverage on Google News
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AFC Divisional Playoffs: Chiefs' Clyde Edwards-Helaire ruled out vs. Browns due to injury, per report CBS SportsBrowns will need more out of Baker Mayfield this weekend Pro Football NetworkChiefs' Laurent Duvernay-Tardif urges individual sacrifice from COVID-19 front lines Yahoo SportsHow much will the Chiefs miss Sammy Watkins against Browns? Kansas City Star
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Los Angeles becomes 1st US county to hit 1 million COVID-19 cases as region confirms 1st case of UK COVID variant KABC-TVSouthern California Hits Grim Coronavirus Milestone CBS Los AngelesLos Angeles becomes first US county to hit 1 million COVID-19 cases New York Post Northridge-Chatsworth, CA Coronavirus Updates & News For January 17 Patch.comLA County records more than 1 million coronavirus cases CNN
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 Nearly all of Target's holiday sales were fulfilled by its bricks-and-mortar locations
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Citigroup Inc. said Friday it had net income of $4.6 billion, or $2.08 a share, in the fourth quarter, down from $5.0 billion, or $2.15 a share, in the year-earlier period. Revenue fell 10% to $16.5 billion from $18.4 billion. The FactSet consensus was for EPS of $1.34 and revenue of $16.7 billion. The revenue decline was due to lower revenues in global consumer banking, institutional clients group and corporate, the bank said in a statement. Net income fell due to lower revenue, higher costs and a higher tax rate, which was partly offset by lower cost of credit. Chief Executive Michael Corbat said full-year revenues were flat, despite the "massive economic impact of COVID-19." The bank had $676 billion in loans as of quarter end, down 3% from the year-earlier period. Deposits stood at $1.3 trillion, up 20%. Revenue from the global consumer banking business rose 11% to $4.7 billion. Revenue at the institutional clients group fell 1% to $9.3 billion, as treasury and trade solutions, investment banking and corporate banking revenue fell, offsetting strength in fixed income markets, equity markets and the private bank. Investment banking revenue fell 5% to $1.3 billion, as strong growth in equity underwriting was more than offset by lower revenue in M&A and debt underwriting. Equity underwriting revenue rose 83% to $438 million, while debt underwriting fell 16% to $617 million. Markets and securities revenues rose 13% to $4.5 billion, as fixed income markets revenue fell 7% to $3.1 billion and equity markets revenue rose 57% to $810 million. Corporate banking revenue were a negative $85 million, after positive $542 million a year ago. Citi shares fell 1.7% premarket, and have fallen 15% in the last 12 months, while the Dow Jones Industrial Average has gained 7%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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For many small businesses such as restaurants, the denial of "business interruption insurance" for COVID-19 losses spells bankruptcy and closure. Public-private partnerships could help provide a solution, says Wharton's Howard Kunreuther.
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