TOPLINE Senate Republicans unveiled a new coronavirus relief proposal Monday that would replace the extra weekly $600 unemployment aid (which end this week) with a 70% wage-replacement program—but state labor departments are scrambling to figure out how their overwrought systems would handle the payments. House Speaker Nancy Pelosi (D-Calif.) called for an extension of unemployment
Month: July 2020
Federal Reserve Board Chairman Jerome Powell said the economy seems to be slowing anew as many states see coronavirus cases rising, and the Fed will do what it needs to do and doesn’t expect to raise rates anytime soon. The post-meeting statement from the Federal Open Market Committee said the path of the economy will
Coeur Mining (CDE) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.04 per share. This compares to loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 125%. A quarter ago, it
People of all ages and backgrounds are suddenly going completely nuts, and what we have experienced so far is just the beginning… by Michael Snyder of The Economic Collapse Blog Have you noticed that people all over the country are starting to completely flip out for little to no reason? People are becoming violently angry
Which stocks have been the stars of 2020? Biotechs. Amid the onset of the global health crisis, companies advancing COVID-19 vaccines, treatments and testing kits have seen their shares take off rapidly on an upward trajectory. That said, Wall Street focus has locked in on the space for a different reason, namely merger & acquisition
Getty Images Check out the companies making headlines in midday trading. Kodak — Shares of Kodak soared about 330% after President Donald Trump tapped the photography pioneer to produce ingredients in generic drugs in response to the coronavirus pandemic. The shares skyrocketed as much as 570% at one point. Trading was halted more than 15 times Wednesday
The real estate sector includes companies that own, develop, and manage residential, commercial, and industrial properties. Each of these three real estate segments includes publicly traded real estate investment trusts (REITs). REITs are vehicles that legally allow individual investors to buy shares in real estate portfolios that receive income from a variety of properties. A key REIT metric
Jay Powell, Federal Reserve chairman, made no significant changes to monetary policy but pledged to do more to support the recovery if necessary © AFP via Getty Images The Federal Reserve has warned the fate of the world’s largest economy would “depend significantly on the course of the virus” as the US central bank extended
The chief executives of four American tech giants faced accusations of wielding their companies’ size to unfairly squash competition on Wednesday, as they sat for an unprecedented grilling from lawmakers on Capitol Hill. Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg, Apple’s Tim Cook and Sundar Pichai of Google’s parent company Alphabet were told their companies had
The stock market is holding up well because it believes three things are happening: A vaccine is coming, there will be almost infinite stimulus from the Federal Reserve, and the second quarter was the worst for corporate profits and those profits will slowly improve. But there’s a subtext to much of the belief in higher
It was all in the families as Ameriprise snapped up two father and son duos — a team of advisors that had managed $367 million in client assets at Morgan Stanley, according to a statement by the firm. The Falldin-Mattson Group is made up of John Falldin and his son Joe Falldin, and Jim Mattson
Bitcoin (BTC) trading volumes in spot and derivatives markets have been surging since the digital asset rallied above the $10,000 level earlier this week. Bakkt reported record Bitcoin futures volume on July 28 and 29, which indicates that the traders who had been waiting for a trending move to start have established fresh positions. A similar
The design duo’s latest collection for Living Spaces is chic and versatile. Living Spaces Finding beautifully designed, quality furniture at an accessible price point can be a challenge. But famed husbands and interior design duo, Nate Berkus and Jeremiah Brent just launched a new collection for Living Spaces that checks every box with chic, transitional pieces
People walk past the U.S. Federal Reserve building in Washington D.C., the United States, May 21, 2020. U.S. Federal Reserve Chair Jerome Powell on Thursday said the COVID-19-induced economic downturn has inflicted acute pain across the country, noting that the burden is not evenly spread. Ting Shen | Xinhua via Getty Images Some borrowers benefit
News.Bitcoin.com Lead Writer Jamie Redman Named One of the Best Crypto Bloggers Lead Writer at News.Bitcoin.com, Jamie Redman has made Redeeem.com’s list of twelve influential go-to crypto bloggers. Redeeem says the list comprises names behind some of the most informative crypto news articles. In its citation, Redeeem says Jamie Redman, who is … read more.
By Roger McIntosh, Next Avenue Contributor getty As our country braces against the ebb and flow of mandates to stay-at-home, we should give serious consideration to the repercussions of self-quarantine or isolation on the mental and physical well-being of those most vulnerable to Covid-19. As a health psychologist and expert in human immunodeficiency, I know
A hospital district serving a county that is one of California’s hardest-hit by COVID-19 was downgraded to junk. Fitch Ratings downgraded Pioneers Memorial Healthcare District’s general obligation bonds, revenue bonds and issuer default ratings to BB from BBB-minus, and maintained its rating watch negative. The district, already struggling before the coronavirus pandemic, faces operating challenges
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 and silver prices are moderately up in early U.S. trading Wednesday. Bulls remain very strong and are looking to add
The Fed’s latest FOMC Statement just hit the tape, gold & silver are on the move, and Powell plays t-ball with reporters at 2:30 p.m. EST. Watch it here… (by Half Dollar) Was there really ever any doubt as to what the Fed was going to do? I mean, why does the CME Group even
Amazon.com Inc. (AMZN) has launched a free and fast grocery delivery in London this week and plans to expand the service to the rest of the UK by the end of the year in a move to tap the increasing demand for online food sales accelerated by the coronavirus pandemic. From Tuesday this week, Amazon
Federal Reserve Chairman Jerome Powell speaks at his news conference following the two-day meeting of the Federal Open Market Committee (FOMC) meeting on interest rate policy in Washington, January 29, 2020. Yuri Gripas | Reuters The Federal Reserve is expected to again promise to do whatever it takes to fix the economy at the same
by Charles Hugh-Smith The abyss between the Fed’s illusion of phantom wealth for Wall Street and the collapse of Main Street is bottomless, and our descent into the abyss is accelerating. I know this runs counter to every dominant narrative, but a vaccine doesn’t really matter, opening up doesn’t really matter, and the size of
Affirm offers instant financing for retail purchases. The company has thousands of partners, both in person and online, that allow you to buy now and pay later. You may apply at the point of sale with only a soft credit inquiry, but your annual percentage rate (APR) could be higher than you expect. Our review
If there were any lingering doubts about the military might of the Jalisco New Generation Cartel after its brazen attack on Mexico City’s police chief and assassination of a judge, videos widely shared on social media this month have buried them. “Mr Mencho’s people!” chanted dozens of heavily-armed, fatigues-clad men in one video — referring
French consumer confidence declined in July, denting hopes that the country’s economy would bounce back rapidly from the coronavirus crisis. After an initial rebound in June, the French statistics agency’s consumer sentiment index fell by two points to 94 in July, below the average of 99 forecast by economists in a poll by Reuters. A score below
At the moment when so many industries are staggered by the coronavirus pandemic, investors are beating the market by putting their money in companies committed to ESG priorities favoring transparency, diversity and sustainability. ESG is where profits are, signaling that doing the right thing increasingly is the smartest bet. The iShares ETF investing in companies
United States-based TradeStation, a subsidiary of Japanese firm Monex Group, is planning to launch a crypto lending service. The plan was announced in Monex’s earning report published on July 29. Called “Crypto Earn” the new lending service is “C2B2B” that lends institutions borrowed assets from clients. Last November, TradeStation launched a cryptocurrency brokerage platform via
Hasier Larrea is the Co-Founder and CEO of Ori, the creator of smart space solutions for multifamily developers. See space differently. getty As coronavirus lockdowns have stretched on, urban cores have been the target of a number of widely shared articles predicting the demise of cities. Too crowded, too cramped, suddenly unable to provide us places
Onchain data shows that bitcoin’s breakout above $11,000 puts 93% of the circulating supply in a state of profit. Additionally, seven-day metrics show that bitcoin’s “realized price” has recovered from the low that took place on March 12. The research and analysis firm Glassnode revealed that when the price of bitcoin (BTC) is over the
Are there cases when the amount of guaranteed income can be decreased? Generally, if an annuity contract states that a guaranteed income level remains for life then this is the case as long as distributions do not exceed the guaranteed levels. But some annuity providers make clear that there is an option to receive more
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