When the COVID-19 pandemic first began to make its negative influences felt throughout the financial markets, global investment trends in the U.S. currency quickly emerged as a primary safe haven beneficiary. As a result of these risk-off trends in market sentiment, the U.S. Dollar Index (DXY) was propelled to its highest levels in more than
Month: August 2020
Alongside the wash trading allegations, authorities have now also raised the possibility of additional malpractice and embezzlement charges… by Franz Walker via Natural News (Natural News) South Korean police have seized Coinbit, one of the country’s largest cryptocurrency exchanges, following allegations that it was involved in fraud and wash trading. According to a report by the Seoul
Without a doubt, COVID-19 has wreaked havoc on companies of all shapes and sizes. Even the Street’s heavy hitters haven’t been completely immune to the deadly virus, with a majority of players feeling the impacts in one way or another. This is the case for Google’s parent company, Alphabet (GOOGL). Writing for Tigress Financial, 5-star
People outside at an Urban Outfitters store in New York City. Getty Images Check out the companies making headlines in midday trading. Salesforce —Shares of the software company surged 27% following its blowout earnings. The soon-to-be Dow member reported earnings per share of $1.44, topping estimates by 77 cents, according to Refinitiv. Revenue came in at $5.15
by confoundedinterest17 Powell said that The Fed will allow inflation to run hot, hot, hot and unemployment to run lower than previously tolerated. (Bloomberg) — The Federal Reserve’s new plan to run the economy hot looks easier said than done as the central bank confronts multiple forces holding down inflation. “The Fed needs to articulate very clearly how
Salesforce.com, Inc. (CRM) reports second quarter 2020 earnings after Tuesday’s closing bell, with analysts looking for a profit of $0.67 per share on $4.90 billion in revenue. The stock sold off 8% after beating top- and bottom-line estimates by small margins in May but recovered in June and broke out to an all-time high in
A man wearing a protective mask sits on top of the Charging Bull sculpture near Wall St. amid the coronavirus pandemic on April 19, 2020 in New York City, United States. Alexi Rosenfeld | Getty Images Company: Evolent Health Inc. (EVH) Business: Evolent is a health-care delivery and payment company. It supports health systems and
Earlier this year, Katrina Foley, the mayor of Costa Mesa, California, imagined that the controversial opening of a new homeless shelter would be the event that consumed most of her time. Then coronavirus arrived and the shelter issue suddenly looked puny compared with the challenges that have since come the mayor’s way. The federal government
Black Panther film star Chadwick Boseman, an actor whose work celebrated African-American pioneers and culture, has died at age 43 after a four-year battle with colon cancer, according to an announcement posted on Friday to his social media accounts. Boseman, a native of South Carolina who began his screen career in episodes of television dramas
If you want to attract and retain great advisors, it helps to have great technology. But what if you are a tech laggard? Or worse? How do you catch up? Amit Sahasrabudhe, chief operating officer of RBC Wealth Management – U.S., discusses how his firm has been revamping its advisor tech stack. Tasks that once
The price of Bitcoin (BTC) is approaching the last weekly candle for the month of August. Some traders believe Bitcoin’s performance over the next two weeks could decide whether its price drops below $10,000 again or sees an extended uptrend. The week’s weekly candle close coincides with the expiration of CME’s Bitcoin futures contracts and
The new FICO Resilience Score is based on a scale of 1-99 getty There’s a new risk measurement entering the world of credit lending and this one isn’t based on your past payment history. Called the FICO® Resilience Index (FRI), this score aims to predict which consumers are more likely to default on payments during
Nigeria’s Foreign Currency Crisis Boon for Bitcoin: Country Tops Wallet Downloads Ahead of the US Nigeria’s weakening naira currency, as well as the shortage of U.S. dollars, are forcing businesses to switch to bitcoin as the means of settling payments for international transactions. Nigerian businesses need the American currency to buy new supplies, as well
getty There are a lot of misunderstanding about the Social Security rules. Some of these rules are coming into play more than usual during the Covid-19 pandemic, so it’s important to know the rules. A misunderstanding can lead to poor decisions and lower lifetime benefits. When someone is both working and receiving Social Security benefits,
California wildfires that have scorched 1.5 million acres will compound the challenges for local governments already reeling from the coronavirus pandemic, but Moody’s Investors Service says in most cases they will emerge with their bond ratings intact. The latest burst of blazes was sparked by a rare, powerful storm that generated lighting strikes throughout northern
The silver miners’ stocks have had a roller-coaster ride of a year, getting sucked into March’s stock panic before skyrocketing out in a massive upleg. While much-higher prevailing silver prices radically improve silver-stock fundamentals, Q2’s national economic lockdowns to fight COVID-19 wreaked havoc on this sector. The silver miners’ latest quarterly results recently released revealed
They will initially do everything in their power, which is helicopter money, stopping withdrawals, bail-ins, bail-outs, and… by Egon von Greyerz of Gold Switzerland “Ground control to Major Tom … Your circuit is dead, there’s something wrong. Can you hear me Tom. Can you here me Tom”….Tom: “I am floating around in my tin can
In the near-term, Apple (AAPL) might have its work cut out for it. The soft macro environment and COVID-19 backdrop are expected to keep consumer demand trends down in the dumps for some time. But, take a step back and look at the big picture, and you’ll see that the tech giant has a “once
Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – The beverage giant announced a reorganization which will see the current 17-unit business structure changed to nine business units. The realignment will result in an undetermined number of both involuntary and voluntary job cuts, with Coca-Cola planning to offer voluntary
When they need cash, many homeowners believe that selling their house is the easiest and most convenient way to get an influx. Even homeowners in possession of other types of assets may find this strategy appealing because they may want to avoid selling taxable holdings that will generate capital gains or withdrawal penalties on early
Elon Musk-backed Neuralink announced an improved prototype of the brain implant it unveiled a year ago, with the Tesla chief executive calling it a “Fitbit in your skull with tiny wires”. In a live-streamed event, the private neurotech start-up on Friday showed off a pig, Gertrude, which had undergone surgery to have a coin-sized device
And then I said to Nixon, ‘A narcissist is someone better-looking than you are.’” We are still in the bar car but Gore Vidal is on his second Franciacorta and perhaps his fifth epigram. Over his gently rounded shoulder — those Neapolitan tailors — I see rural France career past the curtained windows. Or at
BNY Mellon Pershing used to only service RIAs with at least $250 million in assets. No longer. The fourth largest custodian in terms of RIA assets — started welcoming fee-based firms with only $100 million in assets this year, according to Christina Townsend, head of relationship management, consulting and platform strategy at the custodian. “We’re
Today’s Bitcoin (BTC) futures expiry was lackluster both in terms of price impact and volume. Open interest dropped by a mere $157 million, barely moving from its $5 billion mark. As CoinTelegraph correctly predicted yesterday, this most recent CME Bitcoin futures expiry was irrelevant. Some $125 million worth of August contracts were set to liquidate
VP of Investor Relations at Boron Capital, a private investment firm serving diverse segments of the population. getty Over six months into the Covid-19 pandemic, with social distancing regulations lifting and the economy starting to slowly move again, private market investors are waiting for great deals to hit the market. But projecting when and how the
A “For Sale by Owner” sign is posted in front of property in Monterey Park, California. Frederic J. Brown | AFP | Getty Images After improving markedly in July, the number of borrowers struggling to make their monthly mortgage payments has essentially flatlined and now threatens to move higher. As of August 25, 3.9 million
The American libertarian, economist and financial commentator Peter Schiff has been criticizing bitcoin for years, as he believes “bitcoin has no real value.” However, on Thursday Schiff asked the crypto community to give some bitcoin to his 18-year old son Spencer for his birthday and explained that his son “won’t lose his” wallet. The Bitcoin
Now is a great time to refinance your home. getty Two weeks ago, both Freddie Mac and Fannie Mae FNMA announced a new mortgage refinancing fee of 0.5%. The new fee was scheduled to start on September 1, 2020. However, yesterday, Fannie Mae and Freddie Mac both announced the new fee will be delayed until
Experts asked many questions about the Federal Reserve’s new framework, which averages inflation and will not change monetary policy based on expected inflation, especially why they haven’t been able to hit the benchmark consistently since its January 2012 introduction. “Since the Fed established 2% as its inflation target in January 2012, inflation has been nearly
TipRanks 2 “Strong Buy” Stocks Under $3 With Massive Upside Potential The markets are up, and the bulls are running. According to Mike Wilson, chief US equity strategist for Morgan Stanley, now is the time to buy in. Wilson believes that the market’s recent rise signals “a pretty darn good” economic recovery in store for
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