The Kairi Relative Index is an old Japanese metric with unknown origins and waning popularity in the modern day due to more popular indicators such as Welles Wilder’s Relative Strength Index (RSI). Traders since the late 1970s have grown accustomed to newer, more modern indicators. Because Kairi has an unknown derivation and is used much less even in certain Japanese
A major US fuel pipeline has been shut down after a ransomware attack on Friday, in an incident that underscores the vulnerabilities in America’s critical infrastructure. The Colonial Pipeline — the country’s largest conduit for refined products, transporting almost half of the fuel consumed on the East Coast — remained closed on Saturday after its
Andy Street was re-elected as mayor of the West Midlands on Saturday as the Conservative party scored a hat-trick of victories in elections across England. The party made a historic gain in the Hartlepool by-election, electing its first Tory MP since the seat was created in 1974. The Tories also held on to the Tees
A growing RIA that’s tapping into its founder’s ties with a wirehouse and offering a blend of independence and back-office support added the largest recruit in its three-year history. Financial advisors Mike Barry and Kelly Milligan took the eight-employee team of Quorum Private Wealth independent with Sanctuary Wealth after more than 20 years each with
Telus Corp (T) revenue increased 9% in its first quarter, but profit fell almost 6% from a year ago. The national telecom company reported 31,000 net additions of mobile customers and 51,000 fixed customers, thanks in part to the Telus’ PureFibre service. Telus’ revenue came in at C$4.02 billion for the quarter ended March 31,
Take a look at some of the biggest movers in the premarket: Beyond Meat (BYND) – Beyond Meat lost 42 cents per share for the first quarter, more than double the 19 cents per share loss that analysts had expected. Revenue also missed forecasts, with the company saying the pandemic has dampened both retail and
by David Haggith Is the inflation I’ve been writing about really all just transitory as Papa Powell claims it is? The Fed Head assures us he has this under control. Would that be just like Father Fed and friends had bank reserves under control right before the repo crisis blew up in late 2019? Or just
What can you say about Dogecoin that hasn’t been said before? How about this: Elon Musk’s tweets aren’t the only thing that let the DOGE out. This week, right in the middle of the retail trading frenzy that has turned everyone’s favorite cartoon puppy into a rabid bull-doge, Cointelegraph Markets Pro subscribers had the opportunity
Cofounder of InstaLend, a non-bank real estate lender providing loans on single-family and multi-family properties for acquisition and rehab. With the moratorium on foreclosures likely coming to an end soon and millions of Americans still out of the workforce and unable to make their rent or mortgage payments, we may be in for a huge uptick
Spacex and Tesla CEO Elon Musk sees dogecoin as his “private stimulus for the people” that represents “legit hope for people” hit by the coronavirus pandemic. While the price of dogecoin has been pumping alongside a number of other cryptocurrencies, Musk cautioned, “Cryptocurrency is promising, but please invest with caution.” Elon Musk Sees Dogecoin as
Clutter is one thing. Lots of us have unneeded items in our homes. Books abound on how to de-clutter but these do not seem to apply to aging parents. It bothers the adult children when they see it and say something but the elders do not seem to want to change the situation. Or perhaps
Guam’s government is planning to sell $282.6 million of speculative grade bonds, most of them triple-tax-exempt and forward delivery the week of May 17. Guam has released a preliminary official statement with an unspecified May pricing date, but Moody’s Investors Service said it believes the bonds will be priced May 19. Gov. Lou Leon Guerreo
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Last week I described gold as a horse that wouldn’t run, but now the market has definitely found its legs
People loved it when the federal government started sending out big, fat stimulus checks, but you aren’t going to love it when a cart of food costs you $400… by Michael Snyder of The Economic Collapse Blog Did you know that the price of corn has risen 142 percent in the last 12 months? Of
Legendary trader and author J. Welles Wilder Jr. introduced the directional movement index, or DMI, in 1978. Wilder wanted an indicator that could measure the strength and direction of a price movement so traders could avoid false signals. The DMI is actually two different standard indicators, one negative and one positive, that are plotted as
SEC Chairman Gary Gensler told CNBC on Friday the agency is looking into how commission-free retail brokerage apps encourage more stock trading and then make money off m the execution of those trades. “There is a little bit of a conflict of interest,” Gensler said on “Squawk Box,” one day after testifying about this issue
A weak US jobs report has amplified political tensions ahead of bipartisan talks between the White House and lawmakers next week on Joe Biden’s next multitrillion dollar economic plans, further complicating the path to an agreement. Following the release of data on Friday showing that the pace of hiring in the US economy had fallen
Over the past year, restaurants have had to dream up creative ways to stay in business. Many did so by moving to new business models. I asked eight chefs and restaurateurs to explain who, or what, has been most helpful in these endeavours. Michel Roux JnrLe Gavroche, London I had taken on a young office
The latest step in Bank of America Merrill’s ongoing overhaul of its advisors’ technology is to digitize the account opening process. With its new collaborative onboarding experience, or COBE, Merrill advisors can open several new accounts simultaneously, across banking and wealth management, in a single, paperless workflow. Clients can verify information digitally, log on themselves
Electric vehicles (EV) are increasingly being adopted around the world. According to a CNBC report, China has invested $60 billion into various initiatives to drive the growth of the EV industry, and is looking at going fully electric, or using more hybrid vehicles by 2035. Using the TipRanks Stock Comparison tool, we will compare two
The Roku 3 television streaming player menu is shown on a television in Los Angeles, California, U.S., on Thursday, Sept. 12, 2013. Patrick T. Fallon | Bloomberg via Getty Images Check out the companies making headlines in midday trading. Square – The payment company’s stock rose more than 6% after the company’s first-quarter earnings topped
Altcoins like Ether (ETH), Dogecoin (DOGE) and Ethereum Classic (ETC) are spearheading a new alt season that seems to have taken off with a bang. Since a rising tide usually lifts all boats, there are several other cryptocurrencies that are benefiting from this growing interest in altcoins. Ether, however, may be the one generating the
A recent ban imposed by the South Korean National Police Agency will bar particular officers from purchasing additional cryptocurrencies. The announcement coincides with a report revealing a heightened domestic availability of digital coins, in comparison to the global marketplace. South Korea to Penalize National Police Agency Officers Who Fail to Disclose Crypto Holdings Officers with
Municipal triple-A benchmarks firmed Friday after a less-than-stellar employment report while a lackluster new-issue calendar awaits investors, with strong underlying technicals keeping rates low. Volume is estimated at $6.569 billion for the week of May 10, up from total sales of $1.840 billion the week of May 3. The supply-demand imbalance, solid fund inflows and
[embedded content] When the lumber to gold ratio spikes, it’s usually a signal that risk on sentiment will remain strong, said Michael Gayed, portfolio manager at Toroso Investments. Gayed has been tracking the lumber to gold ratio as part of his Lead-Lag report, and his studies have found that peaks and troughs usually lead equity
In response to the very tight labor market as the economy opens back up to an unprecedented worker shortage… Greg Hunter gives the Weekly News Wrap-Up for Friday, May 7, 2021 Montana is the first state to cancel unemployment benefits. It is in response to the very tight labor market as the economy opens back
As with other relationship-driven businesses, every financial advisor faces the challenge of balancing the need to continuously grow their practice with attending to existing clients. The problem has become even more acute as basic financial advice, such as asset allocation and general stock picking, has grown more commoditized. In turn, this has increased fee pressures and lowered
A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Goldman Sachs has formally kicked off the cryptocurrency trading era on Wall Street. The bank informed its markets personnel on Thursday that a newly created cryptocurrency trading desk had successfully traded two kinds of
Cathie Wood has revealed that Bill Hwang, the investor whose family office Archegos Capital blew up causing billions of dollars of losses, played a central role in the launch of her asset manager Ark Invest. In a television interview on Friday, Wood also said she had swapped ideas with Hwang about US stocks and in
The Labour party maintained its grip on the Welsh parliament as it hit an election record by capturing 30 of the 60 seats in the senedd. The centre-left party, which has held power in Cardiff since devolution took effect in 1999, put in a stronger performance in Wales than in England. Labour lost a seat
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