Americans have been rattled by the biggest civil uprisings in at least a generation, with violent clashes forcing a recognition of a long history of racial inequality. So far, that recognition has had little effect on the US’s $30tn-plus stock market. Portfolio managers who direct the investment of hundreds of billions of dollars have looked
Month: June 2020
One surprise in our most recent Financial Planning Tech Survey was offset by another: Advisors’ use of financial planning technology has dropped, according to the latest data. But some formerly fringe tools are getting more widespread adoption. One year ago, only 4% of advisors told us they used chatbots. In 2020, the number leapt 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) - The amount of gold and silver transferred between accounts of London Bullion Market Association members during April was lower than in
Of course they’ve got bricks, and it’s going to be one long and violent week. Here’s why… (by Half Dollar) At least they don’t have guns, for now. I think that’s coming too. Sadly. For now, they’re bricks. Here’s one example from over the weekend. “Yo, we got bricks. We got bricks!”—#Rioters in Manhattan chanced
Decentralized application (DApp) platform Matic Network (MATIC) has successfully launched its mainnet following two and a half years of development. A June 1 blog post published by Matic notes that mainnet will be deployed over a series of phases to “ensure that the mainnet deployment and validator onboarding is achieved as smoothly as possible.” “More
Drugmaker Eli Lilly & Co (LLY) said that the U.S. Food and Drug Administration (FDA) has approved a supplemental Biologics License Application (BLA) for its Taltz injection used for the treatment of active non-radiographic inflammatory arthritis affecting joints and the spine. A first-in-class milestone for the treatment, the approval makes Taltz the first antagonist to
Take a look at some of the biggest movers in the premarket: Eli Lilly (LLY) – The drugmaker began testing a Covid-19 experimental treatment derived from the blood of a survivor of the disease. It is the first study involving this type of drug, and comes about a month earlier than expected and ahead of
Photo: Getty VUCA, like all good acronyms, was coined by the U.S. military, and stands for volatility, uncertainty, complexity and ambiguity. Corporate real estate has largely been stuck in VUCA, forgoing forward-thinking trends in the age of accelerations for dated strategies that are largely linear, long-term and inflexible, making them particularly ill-prepared for the rapidly
India’s cryptocurrency market is set to gain significant market share this year, according to an industry report. The regulatory environment, the instability of the rupee, and remittances are key drivers that will send the Indian crypto industry soaring. Indian Crypto Sector Flourishing The Indian cryptocurrency market is poised to gain considerable global market share starting
Isn’t Success About Having Enough? COPYRIGHT 2016 JONATHAN LOOK JR I am a 59-year-old American. I don’t own a home. I don’t own a car. The furniture that I sit upon and the bed that I sleep in is not my own. Most of the mementos that I accumulated over the years are gone. I have
Market activity fees will be temporarily waived for dealers conducting transactions through the Federal Reserve’s short-term muni note purchase program. The Municipal Securities Rulemaking Board filed Thursday to amend its Rule A-13, on underwriter and transaction assessments for dealers. The change, filed for immediate effectiveness, will temporarily waive fees associated with the Fed’s Municipal Liquidity
You know that the stock market provides an opportunity to make money, but you aren’t quite sure how investors know when to buy and sell. Or maybe you’ve heard terms like “noise trader” or “arbitrage trader,” and you want to know more about them. Either way, an overview of some of the most common types of
SpaceX’s Crew Dragon spacecraft docks with the International Space Station on May 30, 2020. NASA CAPE CANAVERAL, Fla. — The inaugural SpaceX astronaut mission successfully completed the first leg of its journey on Sunday, docking with the International Space Station. “It’s been a real honor to be just a small part of this nine year
Australian house prices fall, but transaction activity rebounds Jamie Smyth in Sydney Australian house prices fell for the first time in a year in May as the coronavirus crisis dented the economy and pushed an estimated 3m people onto government wage-support schemes. Property values across state and territory capitals fell by 0.5 per cent in
The World Economic Forum has vowed to hold its annual meeting in Davos in January, testing the willingness of a globetrotting elite to resume the high-powered networking that has been frozen by the coronavirus pandemic. Such events have been cancelled around the world since the pandemic began, with many chief executives expressing doubt that they
The economic fallout from the coronavirus is tilting the annuity marketplace in favor of structured products even as overall sales falter. Sales of buffered variable annuities — also known as registered index-linked annuities (RILAs) — soared by 38% year-over-year to reach $4.9 billion for the first quarter, according to the LIMRA Secure Retirement Institute. The
Globally, gold prices climbed as reports of riots in the United States rattled investors already reeling from the deepening Sino-US rift Gold prices gained today on the back of riots in the US, tensions over Hong Kong security and rising coronavirus cases in India and elsewhere. Similarly, silver prices continued an upward march after the
“…are going to say we can’t do justice against the President (Obama). He’s a black President, and we are going to stoke the fire of racism.” Mark Taylor interviewed on USA Watchdog by Greg Hunter Mark Taylor, author of the popular book “The Trump Prophecies,” has a brand new prophecy. Taylor as he explains, “The
Bitcoin educator Andreas Antonopoulos sees the recent downturn in oil prices as a net positive for crypto miners worldwide, particularly those at the Bitmain mining facility in Texas. In a video he posted to his YouTube channel on May 27 titled “Down the Rabbit Hole”, Antonopoulos said the falling oil prices will benefit crypto miners
Global biotech BioMarin Pharmaceutical Inc. (BMRN) has announced updated results of an open-label Phase 1/2 study of valoctocogene roxaparvovec, an investigational gene therapy treatment for adults with severe hemophilia A. People living with hemophilia A lack a specific protein to help their blood clot and are at risk for painful and potentially life-threatening bleeds from even
by Charles Hugh-Smith Flooding the financial system with “free money” only restores the illusion of stability I updated my How Systems Collapse graphic from 2018 with a “we are here” line to indicate our current precarious position just before the waterfall: For those who would argue we’re nowhere near collapse, consider that over 20% of the
EverTalk’s West Hollywood Set EverTalk With everyone spending a lot more time at home these days, finding fresh, evergreen content can be a challenge. Digital platforms like YouTube, Facebook, and Quibi go through great lengths to set themselves apart. But one unique platform called EverTalk, which is available on AppleTV and Roku, accomplishes this in
The UK government is seizing funds in dormant bank accounts worth approximately $185 million to fund its coronavirus relief efforts. So far, 30 banks have been voluntarily transferring money from dormant accounts to the government, including HSBC, Barclays, Clydesdale, Credit Agricole, Danske, Santander, Lloyds, and Bank of Scotland. The government has also proposed adding other
Economic Security Planning, Inc. Today’s column addresses questions about when benefit rate increases due to continued income are applied, spousal benefit early filing reductions, when disability benefits convert to retirement benefits, whether SSA’s estimates include COLAs and widow’s benefits before retirement benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder
Buying time to gauge the financial hit to the commonwealth from the effects of COVID-19, Pennsylvania lawmakers sent Gov. Tom Wolf a five-month, $25.8 billion budget. The Senate’s 44-6 approval on Thursday followed 103-99 passage in the House of Representatives two days earlier. Gov. Tom Wolf, a Democrat who works with a Republican-controlled legislature, is
If you are no longer working with the employer that established your 403(b) account, you can roll your 403(b) balance into a traditional individual retirement account (IRA). How It Works Generally, only a signed contribution form is required by the individual retirement account (IRA) custodian/trustee to deposit the funds into an IRA. However, you should
Shares in Hong Kong and mainland China jumped on Monday in their first day of trading after US President Donald Trump said he would revoke the Asian financial hub’s special trading status. Hong Kong’s Hang Seng index rallied more than 3 per cent in early trading while China’s CSI 300 gauge of Shanghai- and Shenzhen-listed
Had you asked any politician or policymaker as little as four months ago, none would have predicted the current governments interventions, which are unlike anything else seen in peacetime. Yet around the world, public money is subsidising the salaries of millions of employees, guaranteeing billions in loans to businesses that may not survive, and being
In an age of shrinking compensation models and shifting regulatory landscapes, digitally driven financial plans are the future when it comes to keeping and attracting clients — or so you’d think. But the latest Financial Planning Tech Survey suggests a growing number of advisors are concluding that financial planning software is not the silver bullet
Silver prices take the bids near 13-week top. Sustained trading above 200-day SMA keeps the buyer hopeful amid bullish MACD. Overbought RSI also questions the optimists below a nine-month-old resistance line. Silver nears the highest since February 27 while taking the bids around $18.08, intraday high of $18.13, up 1.2% on a day, during Monday’s