The S&P 500 Index is a market-capitalization-weighted index of the 500 largest publicly traded companies in the U.S. It is widely regarded as the best gauge of large-cap U.S. equities. Some of the largest companies in the index include Microsoft Corp. (MSFT), Facebook Inc. (FB), and Johnson & Johnson (JNJ). The S&P 500’s total return
Month: June 2020
Fracking giant Chesapeake Energy’s bankruptcy filing comes following a financial mess at the company that included no budgets, a massive wine collection and a nine-figure bill for parking garages, sources told CNBC’s David Faber. CEO Robert D. “Doug” Lawler found in examining the company’s books a $110 million bill for two parking garages, Faber reported
Anthony Fauci has warned that the US could see coronavirus cases soar to 100,000 a day, reflecting mounting fears in Washington that western and southern states may be unable to rein in new spikes in infections. Dr Fauci’s warning, which the White House coronavirus task force member made in Capitol Hill testimony on Tuesday, came
The long-serving chief executive of Indivior, the UK-listed pharmaceuticals company, has pleaded guilty to a criminal charge in the US in connection with the marketing of Suboxone, a powerful opioid. Shaun Thaxter, who led Indivior from 2009 until his abrupt departure on Monday, pleaded guilty on Tuesday to a misdemeanour charge that he caused the
Palisades Park In Santa Monica overlooks the Pacific Ocean Getty Here’s are some of the least expensive homes for sale in the most expensive ZIP codes. Savvy buyers often trade off a smaller home sometimes on a main street to live in a desirable neighborhood. The problem today is finding those homes is a challenge.
ROBERTO SCHMIDT It’s impossible to think about racial injustice in the U.S. without looking at the distribution of dollars. In many ways that Americans work to establish themselves financially — through the stock market, net worth and homeownership — Black families trail White families. “To put it simply, we don’t have a level playing field,” said Evelyn Brodkin, an
Crypto 101: How to Send and Receive Bitcoin Cash Via the Bitcoin.com Wallet During the last few months in the midst of the coronavirus outbreak and faltering global economy, many individuals have shown an interest in bitcoin and other cryptocurrencies. However, oftentimes people can find the process a bit daunting because they are … read
It’s possible to squeeze more yield out of the cash you are keeping on the sidelines. That’s important, because long gone are the days when you could earn even one percent from a money-market fund. In fact, yields consistently have been below 0.5% for the past decade; nowadays the average national money market fund yield
Getty The risk of inflation seems to be of little concern to investors in recent years. Most likely, that is due to the recency bias investors tend to exhibit. The fact that inflation has been tame for the last 30 years, leads many to think that this will continue indefinitely. While inflation was averaging over 10% in
Central banks are signaling (by their actions) that they’re losing confidence in their own money and their money monopoly. They’re getting ready… (Silver Doctors Editors) Many readers of Silver Doctors like to read the writing of Jim Rickards. He’s out with a new article about gold. Which can be found on the Daily Reckoning website.
Posted June 30, 2020 12:12 by goldseek The most active gold futures contract pierced above $1,800 an ounce for the first time since 2012 on Tuesday during NY Trading: There it is! $1,800 GOLD pic.twitter.com/1hRI6WSugo — Peter ⚒ Spina (@goldseek) June 30, 2020 Gold closed the second quarter out with a gain of nearly 13%
Micron Technology’s hard drive for data center customers is presented at a product launch event in San Francisco, October 24, 2019. Stephen Nellis | Reuters Check out the companies making headlines in midday trading. Micron — Micron traded more than 6% higher after the chip manufacturer posted better-than-expected results for the previous quarter. The company posted an
Once dominated by young and savvy retail investors, the cryptocurrency market has seen increasing interest lately from institutional investors and large fintech firms. For instance, Grayscale Investments most recently added 19,879 Bitcoin (BTC) to its Bitcoin Trust, bringing the firm’s total volume of the predominant cryptocurrency close to a whopping 400,000. The investment firm further
After wrapping up a much-delayed general obligation refunding that may have offered the first notable forward delivery since the COVID-19-driven market disruption in March, Wisconsin is teeing up a long-stalled taxable transportation revenue bond advance refunding. The forward delivery’s success helps support market participants’ perceptions that the market has returned to a more “normal” state,
Amazon’s brand worth $415.8 billion in 2020 FAANG & other tech companies dominate the ranking MasterCard enters Top 10 for the first time ByteDance’s TikTok enters at No. 79, $16.9 billion E-commerce giant Amazon has the most valuable brand in the world, according to the 15th annual Top 100 Most Valuable Global Brands ranking released
The logo of Amazon Web Services (AWS) is seen during the 4th annual America Digital Latin American Congress of Business and Technology in Santiago, Chile, September 5, 2018. Ivan Alvarado | Reuters Amazon Web Services, the cloud-computing branch of the e-commerce giant, is further expanding its services in the growing space industry. The company announced
Microsoft is aiming to provide free digital skills training to 25m people around the world this year as it predicts a surge in global unemployment as a result of the coronavirus crisis. The initiative, which will pull together insights from Microsoft’s core software and cloud computing business as well as its LinkedIn and GitHub subsidiaries,
Italy’s Banca Monte dei Paschi di Siena has announced a plan to slash its exposure to bad debt by about two-thirds, to de-risk its balance sheet and boost its chances of merging with domestic and international peers. MPS, which is majority owned by the Italian government, will sell €8.14bn of non-performing loans, €3.18bn from a
Real estate firms are getting creative in marketing their multifamily developments. Victor Group During the first week of Phase Two reopening in New York City, Manhattan new listings were up 97% year over year and up 56% week over week, according to according to real estate market data firm UrbanDigs. However, demand still isn’t meeting
A for sale sign is seen in front of a home as the National Association of Realtors released a report showing that home sales dropped in December of 2017 on January 24, 2018 in Miami, Florida. Joe Raedle | Getty Images Home prices continued to strengthen in April, despite a national economic shutdown and a
Crypto 101: How to Send and Receive Bitcoin Cash Via the Bitcoin.com Wallet During the last few months in the midst of the coronavirus outbreak and faltering global economy, many individuals have shown an interest in bitcoin and other cryptocurrencies. However, oftentimes people can find the process a bit daunting because they are … read
WASHINGTON, DC – JUNE 26: U.S. President Donald Trump signs an executive order related to reforming … [+] the hiring process for federal jobs in a meeting of the American Workforce Policy Advisory Board in the East Room of the White House on June 26, 2020 in Washington, DC. Earlier in the day President Trump canceled
Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) Gold prices climbed after digesting the news that the U.S. consumer confidence index beat expectations in June. American consumer confidence index rose to
Down goes 18! Down goes 18! Down goes 18! (by Half Dollar) Gold has broken above $1800! Here’s a look at the minute it happened (according to my charting platform): Silver isn’t moving like gold, relatively speaking: Said differently, at under twenty stinkin’ bucks an ounce, there is a heck of a lot of catching
Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues New York, May 27, 2020. Lucas Jackson | Reuters Nearly 70% of asset managers expect that a 20% correction is more likely than a 20% move higher in stocks, according to
Photo by Flickr.com | CC BY | Photoshopped From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold could break out above $2,000 in Q3, 5 reasons why gold is primed to go up, and gold as a new currency. Analyst: Gold is targeting its
The University of California at San Francisco School of Medicine reportedly paid a $1.14 million ransom in cryptocurrencies to the hackers behind a ransomware attack on June 1. According to CBS San Francisco, the UCSF IT staff first detected the security incident, stating that the attack launched by NetWalker group affected “a limited number of
This week’s slate of over $7.2 billion is hefty for a holiday-shortened week and as the market drives slowly into quarter end, tax-exempts will ride in the back seat for a change. It will be taxables at the wheel this week, according to Kim Olsan, senior vice president at FHN Financial. “In a rare circumstance,
Fidelity Management & Research is one of the largest, most recognizable mutual fund and brokerage providers in the United States. Edward Johnson founded the company in Boston in 1946, and today it is led by his granddaughter, chairman and chief executive officer Abigail Johnson. Fidelity services 32 million investors and 75 million customer accounts. A
People walk by a Wells Fargo bank branch on October 13, 2017 in New York City. Spencer Platt | Getty Images Wells Fargo warned on Monday that it will likely cut its dividend after the Federal Reserve announced it would cap dividends for banks based on earnings. Wall Street analysts pointed to Wells Fargo as
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