BlackRock’s global chief investment strategist said after the market’s strong gains, he is more cautious on U.S. stocks into the second half of the year because of risks of fading fiscal stimulus and potential election volatility. BlackRock Investment Institute, in its second half outlook, said it retains equities at neutral, or benchmark weight in portfolios.
Month: June 2020
Phil Hogan, the EU’s trade commissioner, has pulled out of the race to become the next head of the World Trade Organization, leaving the bloc with one week to decide whether to put forward an alternative candidate. Mr Hogan said on Monday that he had decided not to put his name forward out of concern
François Fillon, the former French prime minister, has been sentenced to jail for embezzlement after paying his wife more than €1m of state funds for work she never did, in a scandal that derailed the centre-right campaign in the 2017 presidential election and enabled Emmanuel Macron’s victory. Mr Fillon, who had been the leading candidate
In the wake of widespread outrage and protests about racial injustice, many people are looking at their stock portfolio and wondering: what can I do to support racial justice with my dollars? If you are an investor of any type — whether you have a 401(k), IRA, or trading account — there are a few
Wealth Losses In the Pandemic Hurt All Households Getty Households lost $6.5 trillion early in the pandemic. Most of this decline came from sharply lower stock prices and thus especially hurt the wealthiest American households. Yet even less wealthy ones saw a substantial drop in their wealth and those wealth losses are more likely to
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) - Gold prices are trading near unchanged in early U.S. trading Monday and have lost modest overnight gains. There is still some
One of the most important holidays and summer fun times is coming up this weekend. This year, however, it’ll be a dud… My family really likes amusement parks and theme parks. We pretty much go to one at least once per year, and we have done so for many years. Last year, something happened with
AstraZeneca Plc (AZN) has signed a $127 million deal with Brazil for the production of its potential COVID-19 vaccine. Under the terms of the agreement, Brazil will start to locally manufacture AstraZeneca’s experimental vaccine. Elcio Franco, Brazil’s No.2 public health official, said in a press conference that the country will initially produce some 30 million
Over the weekend Bitcoin price (BTC) dropped below $9,000 for the second time in 7 days but the weekly close was relatively uneventful. As covered by Cointelegraph, buyers quickly stepped in to buy the dip at the $8,800 support on June 27 and at the time of writing the price is pushing toward $9,100. Crypto
The Massachusetts School Building Authority has scheduled the state’s first municipal social bond issuance, a nearly $1.5 billion negotiated sale in two tranches. The authority will hold retail and institutional offerings Monday and Tuesday, respectively, for $350 million of Series A tax-exempt new-money bonds, and $1.095 billion of Series B taxable refunding bonds. “I am
Before refinancing, homeowners should consider the goal and cost of doing so. In light of the … [+] coronavirus, they should also inquire about any changes in the loan requirements as well as the effects of forbearance. Getty Largely credited with keeping the housing market brisk during the coronavirus pandemic, mortgage rates have recently dipped
Wilshire Phoenix Files Publicly-Traded Bitcoin Trust to Challenge Grayscale’s $3.4 Billion Dominance Wilshire Phoenix has filed to launch a publicly-traded trust called Bitcoin Commodity Trust (BCT) – putting the firm in direct competition with Grayscale Investments’ $3.4 billion bitcoin trust (GBTC). According to the June 12 filing with the U.S. Securities and … read more.
Known to millions as the Queen of Domestic Arts, Martha Stewart is a successful entrepreneur who built a media empire from scratch out of the old adage “there is no place like home.” During her pinnacle moments as a prominent media mogul, she found her name among the world’s wealthiest and powerful business leaders on the Forbes
A worker on a Chesapeake Energy natural gas rig in Fort Worth, Texas Matt Nager | Bloomberg | Getty Images Chesapeake Energy, the poster child of the U.S. shale revolution, filed for bankruptcy protection on Sunday. The move comes as the company and industry more broadly has been rocked by a drop in oil and
Australian authorities unnerved by surge in Melbourne cases Jamie Smyth in Sydney Australia is facing a “concerning” spike in coronavirus infections with 75 new cases reported in the state of Victoria on Monday, prompting authorities to warn they are “right on the edge of” being able to handle the outbreak. “Obviously we are concerned by
Workers protest (Photo by VALERIE MACON / AFP) (Photo by VALERIE MACON/AFP via Getty Images) AFP via Getty Images As the nation the moves into an uncertain and wobbly relationship with the Covid-19 virus, it would be both just and smart to pay more to essential workers for risking their lives in the field. Hazard
India Gold August Futures rose on June 29 following positive trend in the international spot prices which were trading higher as worries over a surge in fresh COVID-19 infections globally dented investor optimism and drove investors towards the safe-haven metal. The relentless spread of the coronavirus intensified investor fears about a delay in global economic
The biggest worry surrounding American Airlines Group (AAL) was the large debt load and whether the company could get back to cash flow positive quick enough to repay debt. For this reason, a lot of people have speculated on whether the weaker airline would go bankrupt. The airline just raised about $2 billion reducing the
Ghost Coin, the proof-of-stake privacy coin led by John McAfee, can now be used in vending machines in Hong Kong Disneyland. Ghost announced on Twitter that it partnered with crypto payment system ivendPay to deploy the coin in over 60 vending machines around Hong Kong, even those in Hong Kong Disneyland. “When we 1st launched
David Vaudt is ending his seven-year term as chairman of the Governmental Accounting Standards Board on June 30. David Vaudt’s last day as chairman of the Governmental Accounting Standards Board is Tuesday. The 66-year-old former Iowa state auditor, who is completing a seven-year term, has been commuting from Iowa to GASB’s headquarters in Connecticut since
Call it what you will. The Covid-19 pandemic. The Great Lockdown. The Coronavirus Recession. Whatever label you give it, it remains unprecedented. Never in history has more than 60 percent of the global population come under this kind of lock-and-key restrictions all at once. The effects of the shutdowns range country to country. But in
With the fourth of July approaching, many Americans will have to contemplate whether or not the holiday is an empty affair. After the last thirteen weeks of Covid-19 lockdowns, business shutdowns, and police brutality, the lack of liberty and freedoms in the U.S. has never been more apparent. With ideas like bitcoin and concepts that
The fine art market continues to boom. It seems that every day, another auction record is set for “the highest price ever paid [fill in artist’s name here].” So what does that mean for the painting you bought to match your sofa a few years back? It may increase in worth, or it may be
French voters turned to established political parties in the delayed second round of local elections on Sunday, punishing candidates from President Emmanuel Macron’s four-year-old La République en Marche (LREM) in favour of the greens, the centre-right Les Républicains, the Socialists and the far-right. It was a good night for Europe Ecologie-Les Verts (EELV), the French
The US health secretary warned on Sunday that the window to halt the spread of coronavirus across America was closing after a clutch of southern states reported record increases in cases. The US has now registered 2.5m cases and more than 125,000 deaths from the disease — a quarter of the 10m infections and half
The unprecedented fallout from the coronavirus pandemic has meant unprecedented concessions by the U.S. government in a number of respects. The CARES Act’s $2 trillion stimulus package represents perhaps the largest investment in this regard, but a number of U.S. government agencies have enacted other significant rule changes to help the citizenry get through these
Getty Many people relate to 401(k) and 403(b) plans, which feature optional employer matching contributions. (There are other plan types such as the SIMPLE plan, which offers an employer match, which we are leaving out of this article.) Some employees say that if the company does not match their contribution, they simply won’t save. But
“…could be a double top for gold here, but we expect that after this small correction ends, gold will move sharply higher again...“ by Captain Ewave of CaptainEwave Captain Ewave Gold, Dollar, & Stock Market: Big Waves In Play Email: [email protected] Website: www.captainewave.com Gold: Wave $ii$ is complete at the 1671.70 low and we are
by Daisy Luther Lots of folks have mentioned that their grocery stores never fully restocked after the rush on food and supplies back at the beginning of the COVID-19 lockdown. And with the current news stories about spiking COVID numbers, it may not be long until we’re locked down again. Work on what’s within your control It’s important to
Binance just completed its largest upgraded on June 28, making the world’s largest crypto exchange faster, announced founder and CEO Changpeng Zhao, or CZ. Anticipating the next bull run The trading platform has reportedly re-wrote all code and switched the matching engine to a new programming language. It’s said to be the biggest upgrade in
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