Is China concerned that traders may not have the required upfront physical gold to meet delivery? by Chris Powell of the Gold Anti-Trust Action Committee (GATA) Dear Friend of GATA and Gold: Market researcher John S. Kim of SK Wealth Academy reports today that the Shanghai Futures Exchange has shortened the delivery period for gold
Month: August 2020
In the current stay-at-home environment, it’s all about e-Commerce. While the shift from brick-and-mortar retail to online shopping had already been underway for quite some time, COVID-19’s romp around the globe certainly accelerated it. To this end, companies everywhere are making a significant effort to keep up with the trend. This includes the likes of
A child wearing a face mask sits on the Charging Bull statue, also known as the Wall Street Bull, following the outbreak of the coronavirus disease (COVID-19) in New York, August 19, 2020. Carlo Allegri | Reuters September is historically challenging for the market, but stocks could start the month on an upswing after what
Peloton Interactive, Inc. (PTON) shares rose about 4% during Thursday’s session after Goldman Sachs reiterated its Buy rating and raised its price target to a Street high of $96.00 per share. Analyst Heath Terry cited channel checks showing net additions for the quarter, suggesting that the quarter could be well in front of consensus expectations.
National Basketball Association playoff games will resume on Saturday after players ended a work stoppage in return for a commitment from the league to social justice measures including the conversion of stadiums into polling places in the 2020 presidential election. The agreement ends a protest that began on Wednesday when the Milwaukee Bucks refused to
With the greatest admiration and respect for Edwin Heathcote and the reasonable perspective he offers in his article (“Bland Ambition: How the Airbnb aesthetic, the global anonymous chic that makes Budapest look the same as Brooklyn, has crept into our own interiors”, House & Home, FT Weekend, August 22) I feel compelled to cast a
Stifel picked up three advisors from Merrill Lynch, accelerating its recruiting efforts. The team oversaw $450 million in client assets and joined Stifel in Dallas, according to the company. The group is comprised of advisors John “Woody” Abbott, Shane Stein, and Eli Tabaria. Abbott moved from UBS to Merrill Lynch in 2008, according to FINRA
Taras Kulyk, Senior Vice President of Blockchain Business Development at Core Scientific, says that the countries competing to become leaders in the Blockchain space vary greatly in what they can offer to crypto miners. During an interview with Cointelegraph, Kulyk stated that global diversification of hashrate has been increasing as countries around the world vie
Hurricane Laura hit with powerful winds causing extensive damage to homes along the Gulf Coast. Getty Images Hurricane Laura, the most intense hurricane to make landfall along the northwestern Gulf Coast since 1856, brings the threat of further economic uncertainty to the region. Data by CoreLogic, a global real estate and data analytics provider, has
valentinrussanov | E+ | Getty Images If the economic havoc from the coronavirus persists, distressed homeowners could find themselves facing a terrifying prospect next year: Foreclosure. The CARES Act, the pandemic relief act that became a law this spring, sought to keep millions of Americans in their homes. In particular, it gave borrowers with federally
The U.S. Federal Reserve has announced a significant policy change to push up inflation. Bitcoin is set to greatly benefit from this policy change. Not only the price of bitcoin could surge past $500K, but a number of companies have also begun moving their reserves into the cryptocurrency to hedge against higher inflation. Fed Officially
WOBURN, MA – APRIL 8: Family members participate in a drive-by birthday celebration for 102-year-old … [+] Agnes Carson outside the New Horizons at Choate independent and assisted living community. (Photo by David L. Ryan/The Boston Globe via Getty Images) Boston Globe via Getty Images Hundreds of thousands of older adults and younger people with
Municipals were weaker on Friday, with yields on the long end finishing out the day up one basis point. Since Aug. 12, when the muni market correction began and yields moved off record low levels, the yield on 10-year muni has risen by 23 basis points while the 30-year yield is up 29 basis points,
Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) – After two weeks of consolidation below $2,000 an ounce, expectations have picked up that gold prices could reclaim that critical psychological level
Most Americans don’t seem particularly concerned about this… by Ryan McMaken of Mises Institute The deficit narrowed during July after months of record shortfalls in federal tax revenues. During April, May, and June of this year deficits surges to unprecedented highs as economic activity dried up, workers were furloughed and laid off, and tax payments were
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 us next year. “We think that a return of topline growth
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Ulta Beauty — Shares of the retailer gained 6% after the company’s second-quarter profit topped expectations. Ulta earned 14 cents per share during that time period, compared with the
If you can walk into a supermarket and find South American bananas, Brazilian coffee, and a bottle of South African wine, you’re experiencing the impacts of international trade. International trade allows countries to expand their markets and access goods and services that otherwise may not have been available domestically. As a result of international trade,
Low-fi video clips of teenagers breakdancing and lip-syncing would seem to have little relevance to Walmart, the world’s biggest bricks-and-mortar retailer. Yet the Arkansas-based chain, better known for selling cereal, soap and shoes in the suburbs than for ventures in digital media, is preparing to invest billions of dollars in TikTok. Walmart is teaming up
The dollar retreated and a key portion of the US government bond market flashed inflation warning signs on mounting jitters that the Federal Reserve’s new policy framework could erode the appeal of US assets. Fed chair Jay Powell on Thursday revealed enhanced flexibility to allow the inflation rate to push past the central bank’s 2
It’s been a great August, up 6% for the S&P 500, the best August since 1986. But then again, it was a great July. And a great June. May was pretty good, too, and April was downright eye-popping. The Summer Rally (S&P 500 Monthly Returns) April: up 12.7% May: up 4.5% June: up 1.8% July:
The vexing question of how much to raise taxes or cut benefits to preserve Social Security is moving into a perplexing new phase. President Trump’s suggestion of eliminating payroll taxes that fund benefits would end the program entirely if carried out in legislation, according to the Social Security Administration. Earlier this month, Trump deferred payment
Crypto International, a successor of controversial Swiss company Crypto AG, is reportedly dismissing dozens of employees following a major spying scandal. As many as 70 employees had to quit Crypto International after Crypto AG was found to be selling backdoored products to benefit agencies like the United States Central Intelligence Agency in February 2020. The
CEO of MoxiWorks. Start-up and turnaround exec with a unique blend of general management, sales and marketing and technology skills. getty “When the going gets tough, the tough get going.” We’ve all heard this phrase. It’s likely been uttered over a recent Zoom call while offering a virtual prost with friends and family. We’ve seen a
A single family home is shown for sale and in escrow in San Marcos, California. Mike Blake | Reuters The usual summer slowdown in the housing market is not happening this year. Buyers continue to show strong demand, spurred by the new stay-at-home world of the coronavirus and by record low mortgage rates. Pending home
Zimbabwe’s Mobile Money Operators (MMO) say they will comply with the latest directive by the central bank to shutdown mobile money agents. In addition, the MMOs will also limit mobile money transactions to $50 (Zwl $5,000) per day while users are now restricted to one mobile money account per person. The directive went into effect
By Chris Farrell, Next Avenue Contributor Sean Sullivan and Robert Costa To analyze President Trump’s re-election policy proposals for Americans 50+, I’d planned to do what I did for my Joe Biden post: scrutinize the party platform and talk to analysts about it. Problem is, there is no 2020 Republican platform, even though Trump told delegates
New York’s Rockland County achieved record low interest rates for a more than $40 million bond transaction following a credit upgrade that reflected its recent fiscal discipline. Rockland issued $24.1 million in Series B refunding bonds Thursday in a negotiated deal led by Roosevelt & Cross that priced at a true interest cost of 1.35828%
Described as “targeting the best and leaving the rest,” high grading allows miners to boost recovery grades and improve their bottom line. The silver price continues to flirt with the US$30 per ounce level, having added more than 100 percent to its value since March. Higher prices for the white metal have also incentivized explorers
Senator Rand Paul and his wife came under attack leaving the White House as the streets of America become unsafe for just about everybody… (by Half Dollar) The American descent into madness continues. Last night, we learned that nobody is immune from the chaos. Senator Rand Paul was certainly not immune: Rand Paul just got
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