Month: August 2020

[embedded content] This year, the global economy has contracted at a pace previously unseen. However, the crisis this year was only the trigger for what would otherwise have been an inevitable collapse in our economy. Doug Casey, founder of Casey Research, and Rick Rule, president of Sprott U.S., discussed with Kitco News the underlying fundamental
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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 Even before Covid-19 crushed the economy, the Fed was worried about low inflation and was working on ways to let
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Small-Scale Long-Term Care Facilities: An Overview The market of long-term care facilities is changing to include more alternatives to the traditional, large institutional setting that many of us picture. Some providers are taking a different approach to the environment of long-term care using the “small home” model. Instead of multi-story buildings filled with long, bleak
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EU trade commissioner Phil Hogan has resigned from his post following a furore over apparent violations of Covid-19 guidelines in his native Ireland. Mr Hogan, who occupies one of Brussels’s most powerful positions at a key moment for trade talks with both the US and China, plans to tender his resignation tonight. The European Commission
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LPL Financial is warning advisory clients that they could be paying higher expenses on their mutual funds, even if there’s no transaction charge. This and other disclosures follow similar ones by wealth managers in response to the SEC’s Regulation Best Interest, which bulked up regulatory requirements. Making sense of new details about fees can be
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S&P 500 short interest as % of market cap at 15-year low Energy lone sector with above average short interest Short sellers targeting fixed income ETFs on yield curve prediction The median S&P 500 stock short interest as percentage of market capitalization at the start of August was 1.8%, according to Goldman Sachs. Against the
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HSBC Global Asset Management and climate change advisory and investment firm Pollination Group are teaming up to launch a series of billion-dollar funds that will target “natural capital.”  The new venture, which is the largest of its kind, will be called HSBC Pollination Climate Asset Management. The funds will target institutional investors including pension funds
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A former Merrill Lynch team that managed $400 million in client assets is going independent with the help of tru Independence, an open architecture RIA platform, according to the firm. The group, led by Blaine Werner, is known as 44 Wealth Management, representing the 44 years it has been servicing clients. Werner built his 43-year
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Nursing homes, which have seen rampant Covid spread, could potentially benefit from far-UVC … [+] technology. getty When Covid reached the U.S. in force earlier this year, very little was known about the novel (as in new) coronavirus that caused it, other than its aggressive transmission rate and potential lethality. Researchers know much more now,
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Dex Platforms Trade Over $2.4 Billion in 7 Days, Defi Swaps up 68% Since Last Week Years ago the cryptocurrency community did not have access to a plethora of decentralized exchanges (dex). In 2020 with the rise of Ethereum, dex platforms have grown exponentially with trading applications like Uniswap, 0x, Kyber, and more. Dex trading
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New Jersey Gov. Phil Murphy pitched a revised $32.4 billion budget Tuesday, that hinges on billions of borrowing and newly enacted taxes to confront a coronavirus-induced revenue gap less severe than initially feared. Murphy’s nine-month fiscal 2021 budget plan proposes $4 billion of bonding through June 2021 to help New Jersey offset revenue losses caused
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