What Is the FDIC? The Federal Deposit Insurance Corporation (FDIC) is an independent agency that provides deposit insurance for bank accounts and other assets in the United States if financial institutions fail. The FDIC was created to help boost confidence in consumers about the health and well-being of the nation’s financial system. Although most people
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This weekend Americans celebrated Juneteenth for the first time as a national holiday, but for many black Americans the festivities were bittersweet. For decades, the historical significance of June 19 was little known outside select regional pockets and some intellectual circles, even among black Americans. I was 20 years old when I first heard about
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NIO Inc. (NIO) designs and manufactures high-tech electric vehicles in China. As a major player and innovator in connectivity, autonomous driving, and artificial intelligence technologies, it competes directly with Tesla (TSLA). The main value for NIO comes from its competitive positioning in the luxury electric vehicle market (especially SUVs) in China, stemming from its comparable
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Real estate agents know they’ll have to have tough conversations with clients from time to time, especially when events in the world affect the industry. Having these conversations in a professional manner is key to maintaining a good relationship with clients in the future. Feel prepared to handle sensitive subjects with your buyers and sellers
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The Ukrainian parliament has released an updated version of the draft law “On Virtual Assets.” The revised bill requires exchanges to obtain government authorization, disclose their ownership and implement mandatory KYC procedures. The document has been criticized by regulators in Kyiv but the government wants the legislation passed before the parliament’s summer break. Draft Law
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The Municipal Securities Rulemaking Board’s proposed rule on the fair dealing obligations of solicitor municipal advisors is in need of clarification, MAs and dealers believe, particularly with respect to disclosure of where such professionals owe their loyalty. Comment letters filed with the MSRB late Thursday struck that common theme in response to the MSRB’s draft
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What’s the latest silver price containment strategy, and what’s silver’s trajectory? by Samuel Briggs via Kinesis Money In this week’s Live from the Vault, Andrew Maguire is joined again by Craig Hemke, TFMetals report, to compare notes on the insiders’ latest silver price containment strategy and exchange predictions on silver’s trajectory.  In more silver news,
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Hawkish Fed comments push Bitcoin price and stocks lower again
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Compiled vs. Certified Financial Statements: An Overview All publicly traded companies in the U.S. must provide regular financial statements to their investors and to the public. This information is required by law by the Securities and Exchange Commission (SEC). These statements give investors a financial snapshot of a company’s immediate past performance. Financial results are
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Wells Fargo named Julie Caperton as the new head of its wealth management arm for high-net-worth clients. She succeeds Julia Wellborn, who left the company in April, as the head of Wells Fargo Private Bank. Caperton, a 19-year veteran at Wells Fargo and predecessor organizations, is currently the head of the company’s Banking, Lending &
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Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” has predicted the “biggest crash” in world history. He also expects the price of bitcoin to fall to the $24K level. Robert Kiyosaki Foresees Biggest Crash in History Coming Famous author and investor Robert Kiyosaki has predicted that the biggest crash in the history of
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By Chris Farrell, Next Avenue Julie Steller, the 63-year-old founder of Steller Handcrafted Goods in Minneapolis, is getting used to making pivots. Steller first turned her passion for craft making into a small business in 2012. It was all about using upcycled wool sweaters, authentic Nordic braid and other quality materials to make mittens, shawls, hats,
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A new opinion issued by the Justice Department says Puerto Rico’s admission as a state could legally include a transition period to temporarily continue the special bankruptcy provisions under PROMESA. That’s good news for the ongoing restructuring of the territory’s debt because it provides an assurance that statehood would not necessarily involve an abrupt dissolution
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Could gold go even lower? Sure, anything is possible. But the odds, the probabilities, are… by David Brady via Sprott Money Times like these illustrate why having a cool head in a crisis is so important. The ability to be objective and focus on the data while those around you are throwing in the towel
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Morningstar Investment Management and asset manager Dimensional Fund Advisors are launching an automated managed accounts service for financial advisors and RIAs, to bring customizable planning and investment advice to clients in retirement plans. The platform expands the Morningstar Retirement Manager user interface to bring clients with smaller account sizes “high-quality, personalized advice at scale, just
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Train stations make great hotels, as it turns out. The latest case in point, Central Station Hotel in Memphis, Tennessee, opened as a hotel in October 2019, after a 22-month renovation. With 123 rooms and an appropriately music-oriented décor, it is located in the thriving South Main District, near the National Civil Rights Museum, Beale
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