Say you are reading the paper, and you notice that a certain fund will be closing its doors to new investors by the end of the current business day. What exactly does this mean? Should you rush to invest in it, increase your holdings in it or rush to sell? Listed below are the characteristics
Angela Merkel, the German chancellor, has defended her lobbying for Wirecard in China in 2019, saying there was “no reason to assume” at the time there were serious irregularities at the fraudulent payment company. Merkel was speaking to a Bundestag inquiry investigating how Germany’s politicians and financial regulators failed to detect one of the worst
UK companies reported surging demand and strong hiring in April, lifting a key business activity measure to its highest level in more than seven years and fuelling better than expected retail sales, driving “serious recovery momentum”, according to economists. Retail sales in Great Britain rose 5.4 per cent in March compared with the previous month,
A new bill recently re-introduced in Congress would give wealth management clients the choice of pursuing any claims against firms in court or through arbitration. At least 12 Democratic members of the House and Senate have signed on as co-sponsors of the Investor Choice Act — introduced April 15 by Rep. Bill Foster of Illinois
Bionano Genomics revealed the publication of a new Saphyr-based method, which is designed for studying DNA replication in human genomes. Shares of the genome analysis company jumped 3.5% in Friday’s pre-market session. Bionano Genomics’ (BNGO) new study is likely to lead to a new level of cancer research and drug discovery with reduced side effects,
Take a look at some of the biggest movers in the premarket: Kimberly-Clark (KMB) – The consumer products company’s stock dropped 6.4% in premarket action after it reported weaker-than-expected profit and sales for its latest quarter and gave a full-year forecast that came in below Wall Street consensus. Kimberly-Clark said it faced a number of
BY JOHN RUBINO On today’s Wall Street Journal home page, two articles appear side-by-side. One is about how a heretofore obscure, nearly-valueless cryptocurrency called dogecoin, originally created as a joke, has soared to the point of being consequential for large sections of the investing public. And it’s not unique: Dogecoin isn’t alone. It is clearly part
Bitcoin (BTC) is expected to dip as low as $32,500 in the short term after several crucial support levels faded to nothing on April 23. BTC/USD hit lows not seen since early March on Friday, as analysts line up their prognoses — and buy orders — in the latest Bitcoin price correction. Brandt plans to
Kevin is the Founder of Marker Real Estate, an innovative firm with a transparent, inclusive, client-focused strategy. Last April, real estate markets across the United States virtually ground to a halt as most viewings and closings were put on hold. A year later, we’re looking forward to what could be one of the most active seasons
Nigerians are thought to be accumulating foreign currencies which they believe will protect their wealth from the naira’s volatility as well as the surging inflation. Further, as a research paper in a journal published by the Central Bank of Nigeria (CBN) found, Nigerians’ use of dollars exceeds IMF’s 30% threshold. Exchange Rate Volatility and Currency
A power of attorney (POA) is essential to every estate plan. Under the POA an agent (or more than one agent) is appointed to act on the principal’s behalf when he or she isn’t able to. The agent can pay bills, manage assets, and perform other essential tasks for the principal. At some point, many
Municipals were little changed in secondary activity but the primary was alive with new issues repricing to lower yields, New Jersey snagged 1.69% on a 2% coupon in 10-years and Refinitiv Lipper once again reported billion-dollar-plus inflows. “New-issue proxies are reinforcing secondary bid sides in recent weeks that have favored a down-in-credit consumption along the
According to the Silver Institute, global industrial silver production is expected to grow 8% this year due to strong demand for consumer electronics and solar. The price for silver is expected to peak at $32 per ounce later this year and its average price to increase 33% over 2020. April 23, 2021 Emiliano Bellini The
The bankers are looking over their shoulders and witnessing massive gold & silver shortages that can’t be covered… by Harvey Organ of Harvey Organ Blog APRIL 22//ANOTHER TYPICAL RAID: GOLD DOWN $11.30 TO $1781.60//SILVER DOWN 34 CENTS//GOLD TONNAGE STANDING AT THE COMEX RISES TO 93.6 TONNES//SILVER OZ STANDING ADVANCES TO 14.920 MILLION OZ// MAY SILVER
Banking in Costa Rica is not generally associated with offshore tax havens because national authorities cooperate with international agencies to prevent any illicit financial schemes or other financial crimes. In 2006, Costa Rica became the 21st country sign the Inter-American Convention Against Terrorism, which was created to stop the financing of terrorist-related activities including money laundering and drug
SpaceX’s Crew Dragon “Endeavour,” atop the company’s Falcon 9 rocket, leaves the SpaceX integration hangar adjacent to NASA Kennedy Space Center’s Launch Complex 39A for rollout to the launch pad on April 16, 2021. SpaceX SpaceX is set to make history, as Elon Musk’s space company prepares to launch the Crew-2 mission for NASA on
Intel comfortably beat Wall Street expectations in its latest quarter as continued strong sales of PCs during the pandemic made up most of the ground lost from weaker data centre demand. Despite modestly raising its forecasts for the rest of this year, the US chipmaker’s shares slipped 3 per cent in after-market trading as Wall
In China, disruption does not have positive connotations as it does in Silicon Valley. The woes of Jack Ma, founder of Alibaba and financial services affiliate Ant Group, illustrate that. Ma has already lost the title of China’s richest man. He could be about to lose much more. Ant would be grievously damaged if it
As wealth managers brace for regulatory changes under the Biden Administration, one of the largest firms tapped a rival’s executive to lead its legal and regulatory strategy. Commonwealth Financial Network appointed Peggy Ho its general counsel after she spent 14 years with LPL Financial — where she was head of government relations as well as
Alzheimer’s disease (AD) is a notoriously difficult condition to treat. In fact, there are currently no available drugs that can halt the advancement of the memory-destroying disease. Finding a treatment is one of the medical world’s holy grails and is the modus operandi of Cassava Sciences (SAVA). The company is developing AD treatment simufilam and
In this article SWKS SLAB INTC MAT SNAP SAM WWE SKX Signage for Snap Inc., parent company of Snapchat, adorns the front of the New York Stock Exchange, March 2, 2017 in New York City. Getty Images Check out the companies making headlines after the bell on Thursday: Intel — Shares of the semiconductor chip
by Frank Holmes, CEO, U.S. Global Investors For this Frank Talk, I decided to take a deep dive in the airline industry to see how it fared in the first quarter of 2021, one year after the start of the pandemic. The four major domestic airlines have all reported as of today, and even though
Some of Bitcoin’s most prominent backers have sought to make the case for Bitcoin’s environmental efficiency, with a collaborative paper from researchers at financial services firm Square and investment manager Ark Invest asserting that Bitcoin mining can drive increased efficiency in renewable energy production. The paper, authored by “The Bitcoin Clean Energy Initiative,” or BCEI,
It’s common knowledge in real estate circles that Jay Leno and his wife of 40 years, Mavis, bought a Newport, R.I., mansion for $13.5 million in 2017. But the story of how the former “Tonight Show” host found Seafair, a 15,861-square-foot Louis XIV inspired chateau, is less known. Seafair was designed and built by British
An aerial view of the Rockybrook Estate in Delray Beach, Florida Douglas Elliman Ten days after closing the year’s most expensive mansion sale in Delray Beach, Florida for $19 million, luxury real estate broker Senada Adzem got an unexpected phone call. “The buyer called me to say they would be selling the home. Honestly, we
The bitcoin vs. gold debate between gold financier Frank Giustra and the pro-bitcoin Microstrategy CEO Michael Saylor took place this week. In what viewers call an “epic” debate and a “historic” event, Saylor packed his arguments full of facts to convince Giustra to sell his gold and invest in bitcoin. Giustra, however, attacked how Saylor
By Richard Eisenberg, Next Avenue After living with the Covid-19 pandemic for a year, are Americans feeling less confident about their ability to live comfortably throughout retirement? The new Employee Benefit Research Institute (EBRI) 2021 Retirement Confidence Survey has the answer: No (by and large). In fact, the nonpartisan group’s survey found, retirees and workers overall are more
Chicago took the next big leap in its long push to open a casino with the launch Thursday of a request for proposals process that seeks parties interested in developing and operating a resort-like venue. The prospect of $200 million in new annual revenue from a casino was a cornerstone of Mayor Lori Lightfoot’s pre-COVID-19
SILJ: If Silver Heads Higher, Silver Miners Could Explode Silver often follows gold- the yellow metal has been trending higher Silver’s technical trend remains higher since moving above $21 per ounce Three reasons gold and silver should continue to make higher highs Silver mining stocks tend to outperform the metal during rallies SILJ is the
How can this be explained? The lockdown advocates don’t seem to have an explanation at all… by Ryan McMaken of Mises Institute Early last month, Texas governor Greg Abbott announced he would end the state’s mask mandate and allow most businesses to function at 100 percent capacity. The response from the corporate media and the Left
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