Is it India? The United States? Canada? Or how about… by Steve St Angelo of SRSrocco Report Over the past decade, these top five countries were the leading silver investors in the world. From 2010 to 2019, citizens in these countries invested over two billion ounces of silver bars and coins. Which country was the
Month: June 2020
Nintendo (NTDOY) will be reducing its involvement in mobile gaming due to disappointing results according to a June 22, Bloomberg report. With the current fiscal year ending in March, the video game company said it would focus on mobile games already-released with no anticipation of little revenue increase from that business-line. In fiscal 2019, Nintendo
Stefan Zaklin | Getty Images Check out the companies making headlines in midday trading. Dell — Shares of the tech company jumped 7% following news that it was exploring options for its majority stake in VMware, which is worth roughly $50 billion. A sale or spinoff of the investment in the software company could not
A number of analysts have suggested the meteoric price performance of the Compound Governance Token (COMP) may have been orchestrated using derivatives. After initially changing hands for approximately $80 each upon its June 18 listing on Poloniex, COMP quickly rallied 500% to post highs above $380 June 21 as news of a Coinbase listing appeared
Families are moving to Napa Valley as alternative to urban living Getty The Napa Valley real estate market is booming with multiple offers and bidding wars. Bay area families looking to escape the realities of urban living during a pandemic are fueling the market. Listen to Compass California President Mark McLaughlin on the market dynamics.
A number of members in the cryptocurrency community, typically people who are paid in crypto assets, have tried a myriad of prepaid cards that can be credited with digital currencies like bitcoin. The following post is a review on the Crypto.com prepaid Visa card in order to give our readers some perspective on how the
You can borrow from your annuity to put a down payment on a house, but you should be prepared to pay an assortment of fees and penalties. In fact, when figuring a way to fund your down payment, borrowing from an annuity should be a method of last resort. Key Takeaways When borrowing from an
U.S. banking regulators are about to ease restrictions created in the aftermath of the financial crisis, a development that sent bank stocks surging Thursday. Officials from the Federal Deposit Insurance Commission said on a call that they are loosening the restrictions from the so-called Volcker Rule, allowing banks to more easily make large investments into
Bain Capital will take control of Virgin Australia after seeing off rival bidders for the stricken airline, whose business has been pummeled by the coronavirus pandemic. Deloitte, the carrier’s administrator, said on Friday that the US private equity group had signed a deal to acquire Virgin, which would result in its recapitalisation. The administrator said
US reports record jump in new coronavirus cases Peter Wells in New York The US recorded nearly 42,000 new cases of coronavirus over the past 24 hours, the second day in a row of a record nationwide increase, in the latest indication the outbreak is spreading quickly in the south and west. A further 41,939
The rich are still getting richer, but the coronavirus crisis may slow the breakneck pace of wealth accumulation for years to come. Volatile markets and the economic fallout from the virus could wipe out as much as $16 trillion of global wealth this year and hinder growth for the next five years, according to a
Deferred variable annuities with income guarantee riders have gained popularity as a retirement income tool providing behavioral solutions for the annuity puzzle. Retirees are not always comfortable seeing the premiums disappear from their portfolio balances when buying income annuities that convert a lump-sum premium into a protected lifetime income. Many features of a variable annuity
Not-for-profit hospital margins began to recover in May from COVID-19 induced fiscal wounds as balance sheets benefitted from federal relief and an infusion of revenue when elective procedures and surgeries resumed. “Hospitals and health systems across the country began to see signs of financial improvement in May following two brutal months of poor margin, volume,
Gold prices rallied significantly in the last two days and is now seeing a little bit of pullback. After $1785, we could soon see $1800. Besides, levels of $1745-$1740 would offer good support. Gold prices have got a boost after an increase in world-wide cases for Covid-19. Also, reports that phase-one deal between the US
Once you allow your economy to become dependent on extremes of debt, leverage, inequality, legalized looting, monopoly, pay-to-play politics and… by Charles Hugh Smith via Of Two Minds Once you allow your economy to become dependent on extremes of debt, leverage, inequality, legalized looting, monopoly, pay-to-play politics and speculative asset bubbles, a depression is inevitable. The pandemic
Let’s just say it’s not looking good for car rental firm Hertz (HTZ). According to Morgan Stanley analyst Adam Jonas, hopes of a turnaround are, well, pretty close to zero. The analyst’s best-case scenario for Robinhood’s favorite bankrupt stock is a $3 price target (down from $8). The base case, however, is $0 (down from
GP: A logo of a Virgin Galactic is seen outside the building during the company’s first day of trading on the New York Stock Exchange (NYSE) on October 28, 2019 in New York City. JOHANNES EISELE | AFP | Getty Images Check out the companies making headlines after the bell. Virgin Galactic — Shares of
by Raúl Ilargi Meijer Paul Gauguin Tahitian scene 1892 This is another piece I received today from Bruce Wilds, a US Midwest business owner I earlier featured an article from two months ago. There are plenty issues I have issues with here, but I’m not going to stand in the way of the US midwest
This Friday’s Bitcoin (BTC) futures and options expiry has been causing anxiety and excitement amongst traders as the price has oscillated with no clear trend for the past 30 days. There have been moments of euphoria as the price briefly broke the $10,000 level earlier this month, but recently emotions have become slightly bearish as
Mortgage rates are at the lowest point on record, but both home purchase and refinances slowed this … [+] week. Getty Mortgage rates are still at all-time lows. According to the latest data from Freddie Mac, the average interest rate on a 30-year mortgage is just 3.13%—holding steady from last week and the lowest rate
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.
The shocking death of Alex Kearns, a 20-year-old day trader who recently died by suicide, highlights a broader caution to young people: do not get sucked into digital trading platforms — no matter whether they have noble-sounding names or are “free.” You will most likely lose your money or worse. There are better ways to
TOPLINE The stock market took a hit from disappointing unemployment data and a rising number of coronavirus cases Thursday morning, but rebounded after U.S. regulators said they would ease post-financial crisis restrictions on big banks. Several states are seeing record numbers of new coronavirus cases. Spencer Platt/Getty Images KEY FACTS The Dow Jones Industrial Average
First, let’s review the definition of an index. An index is essentially an imaginary portfolio of securities representing a particular market or a portion of it. When most people talk about how well the market is doing, they are referring to an index. In the United States, some popular indexes are the Standard & Poor’s
Virgin Galactic’s spacecraft Unity comes into land during a glide test flight on May 1, 2020. Virgin Galactic Virgin Galactic successfully completed its second glide flight test in New Mexico on Thursday, a milestone that should set the company up to begin spaceflights next. The company said that after it completes “an extensive data review”
The Federal Reserve capped dividends and banned share buybacks by big US banks as it released an analysis showing Covid-19 could trigger $700bn of loan losses and push some lenders close to their capital minimums. Announcing the results of a trio of exercises on the health of America’s top lenders, the Fed on Thursday said
Nike said that sales lost due to widespread physical store closures during the coronavirus pandemic were not offset by gains in its ecommerce business, underscoring the sportswear maker’s reliance on bricks-and-mortar retail as it works to expand online and direct sales. Ninety per cent of Nike-owned stores in the Americas, Europe and Asia-Pacific were closed
When it comes to retirement plans, private equity’s in and ESG is out. At least, that’s where the Department of Labor’s latest regulatory guidance is trending. The agency recently expanded the availability of private equity in 401(k)s and then proposed this week to tighten regulation on ESG funds in retirement plans. In the more recent
Trying to buy a home on a teacher’s salary can be difficult, but there are national, state, local and lender-specific programs that can provide some relief. Doing your homework — sorry, we couldn’t resist — could help you save thousands of dollars through home loans for teachers, as well as closing cost and down payment
Municipal prices were little changed on the day, with action focusing on new-issue supply as the big Massachusetts deal became even bigger. The issue was upsized from the original amount of $670.51 million to nearly a billion. There were some notable trades in the secondary. Berkeley Heights, California 2s of 2021, traded at 0.38%-0.37%. Collin
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