Month: August 2020

Once again, Friday’s economic data offered a mixed picture, with consumer sentiment down, spending up and incomes lower, while the Chicago Business Barometer was at its highest since May 2019. The University of Michigan’s final consumer sentiment index for July slipped to 72.5 from the preliminary reading of 73.2 and June’s final reading of 78.1.
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[embedded content] Now is a challenging time for gold companies that need to grow and add ounces, said B2Gold’s CEO Clive Johnson. Johnson spoke to Kitco last week. B2Gold (TSX:BTO) is a mid-tier gold company with mining operations in diverse locations: Philippines, Mali, Namibia and Nicaragua. The Vancouver-based company forecasts between 1,000,000 and 1,055,000 ounces
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Qualcomm (QCOM), the world’s largest mobile chipmaker, flexed its muscles on Wednesday, delivering an estimate beating FQ3 report. The semiconductor giant reported revenue of $4.9 billion, roughly flat year-over-year (+0.2%) yet beating the estimates by $100 million. Non-GAAP EPS of $0.86 handily beat Street expectations by $0.15. A higher mix of 5G smartphones and improving
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Healthcare is expensive. In addition to rent or mortgage payments, healthcare costs can be one of the biggest monthly budget items for many individuals. Paying medical bills can be a financial burden and a significant challenge. To help consumers address this challenge, a variety of well-known lenders and healthcare companies–including GE Capital, JPMorgan Chase, CitiGroup,
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Major Chinese banks have taken measures to prevent customers from buying gold, platinum, palladium, and other precious metal-related products through them. The Shanghai Gold Exchange also says it may take necessary measures to curb gold trading to “protect investors.” Chinese Banks and Regulators to ‘Cool Gold Rush’ Chinese regulators and major banks are taking measures
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By Richard Eisenberg, Next Avenue Managing Editor getty Ever since I wrote the viral 2017 Next Avenue post, “Sorry, Nobody Wants Your Parents’ Stuff,” I’ve been a little obsessed with Americans’ love/hate relationship with their possessions and downsizing. So, I was fascinated to read University of Kansas sociology and gerontology professor David J. Ekerdt’s new
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July saw a total of $42.61 billion in municipal bonds sold, a staggering 41.3% higher than July 2019’s total, as issuers continue to flood the market with deals, specifically taxable muni transactions. Taxable bond volume increased 518.3% month-over-month to $16.13 billion from $2.61 billion in July of 2019. Year-to-date, taxable volume sits at $68.98 billion.
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COMMODITIES CORNER © AFP/Getty Images Silver futures settled at a 7-year high on July 27 Investors have focused on a rise in record prices for gold, but silver’s up about 25% in July—the metal’s second-biggest monthly gain on record—and it’s still undervalued compared with the yellow metal. Load Error “Silver is often called the ‘poor
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Astute readers of this article will quickly see the world in which we live more and more closely resembling the Days of Rage… by Sam Jacobs via Ammo.com As the summer of 2020 dawned, left-wing radical groups began rioting and taking over parts of America’s cities. While this specific form of left-wing violence is new, left-wing violence itself
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A hot topic in the upcoming U.S. Presidential election will likely be federal regulation surrounding marijuana. Right now, cannabis remains illegal at the federal level, but over 30 states have various forms of state-level approval for either medical or recreational cannabis. New York Governor Andrew Cuomo is pushing aggressively for approval of recreational cannabis, and
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A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell:  Qorvo — The semiconductor company’s stock jumped 7% in extended trading after Qorvo released financial results for its fiscal first quarter of 2021. Qorvo reported adjusted earnings of $1.50
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These two brokers have some fundamental differences, one being among the most established discount online brokers while the other is a relative upstart. Fidelity continues to evolve as a major force in the online brokerage space. Fidelity’s brokerage service took our top spot overall in both our 2019 and 2020 Best Online Brokers Awards, as the
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State Street Global Advisors, the world’s third-largest asset manager, has lambasted a proposed US rule on the use of environmental, social and governance investing across pension portfolios, arguing it could jeopardise the retirement incomes of millions of people. In June, the Department of Labor set out plans for a rule that would require private pension
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As we roll toward the half-year mark of the COVID-19 pandemic, the effects on work, office space, and focus have been profound. Executives can now be found working out of what had been guest rooms, attics, or walk-in closets. The need to work in corporate offices, once considered indispensable, is now being rethought in its
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Crypto exchange Coinbase said Friday that it is reviewing 19 cryptocurrencies for possible listing. These new assets are: Ampleforth, Band Protocol, Balancer, Blockstack, Curve, Fetch.ai, Flexacoin, Helium, Hedera Hashgraph, Kava, Melon, Ocean Protocol, Paxos Gold, Reserve Rights, tBTC, The Graph, Theta, Uma, and Wrapped Bitcoin (WBTC). Coinbase said the review process includes “significant technical and
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TOPLINE With Congress and the White House deadlocked over what to do with the now-expired $600-per-week federal unemployment insurance benefit, millions of Americans are set to lose a crucial financial lifeline amid the pandemic and experts warn that could hurt an economic recovery. House Speaker Nancy Pelosi (D-CA), Senate Majority Leader Mitch McConnell (R-KY) and
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The Aberdeen Standard Physical Silver Shares ETF (NYSEARCA:SIVR) rallied by more than 30% in July, its largest monthly gain ever! Source: Bloomberg, Orchid Research About SIVR SIVR is an ETF product using a physically-backed methodology. This means that SIVR holds physical silver bars in HSBC vaults. The physically-backed methodology prevents investors from getting punished by
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