The Securities and Exchange Commission is asking for comments on whether the current regulatory structure for alternative trading systems needs to be changed in light of criticisms that the current regime is inconsistent. On Monday, the SEC requested comment on a concept release that closely follows 2018 recommendations from the SEC’s Fixed Income Market Structure
Month: September 2020
Lundin Mining said yesterday a fatal accident occurred at its Neves-Corvo mine in Portugal on Friday. “Preliminary information indicates the accident occurred in an active production heading that was undergoing scaling activities. The Company is investigating this tragic incident and is also retaining a third-party to conduct an independent investigation. All relevant authorities have been
Why are these guys still allowed to trade in the gold and silver markets? Bix Weir with Chris Marcus on Arcadia Economics As more details continue to emerge about the “criminal racket” enterprise JPMorgan’s precious metals desk was running, a natural question emerges. Why are these guys still allowed to trade in the gold and
McCormick (MKC) shares are down 2% in pre-market trading even as the spices and flavoring products company announced better-than-expected results for the third quarter of fiscal 2020, which ended Aug. 31. The company also announced a 2-for-1 stock split. Amid the pandemic, McCormick experienced robust demand for its products as people started cooking more at
Take a look at some of the biggest movers in the premarket: IHS Markit (INFO) – The financial information and analytics provider earned 77 cents per share for its latest quarter, 8 cents a share above estimates. Revenue was in line with forecasts. The company said it is seeing recovery at “varying speeds” in the
by Chris Vermeulen of The Technical Traders RESEARCH HIGHLIGHTS: Uncertainty and cycle events will likely lead to continued Gold and Silver price appreciation until the cycle events end (likely in 2024 or 2025). The gold/silver ratio chart shows very clear levels of support and resistance. With the next targets $2,000-$2,250, $3,200 then $5,500+. Extended basing may continue for
Why Should You Care? Donald Trump, the nation’s 45th chief executive, is unique in his connection to the business world among U.S. presidents. Certainly, there have been presidents before him who were businessmen: both Bushes were in the oil business, Herbert Hoover was in mining, and Warren G. Harding was in the newspaper business. The
The steam went out of a shortlived global equity rally early on Tuesday as a month of choppy trading nears its end. Shares across Europe slipped shortly after the market opened, with the region-wide Stoxx 600 losing 0.4 per cent, London’s FTSE 100 falling 0.5 per cent and Germany’s Dax down 0.7 per cent. That
B&M, the variety discounter that entered the FTSE 100 index this month, has upgraded profit forecasts for the second time this year as customers spent more on each visit. Group revenue in the six months to September 26 was up 25.3 per cent and in the UK, its most important market, it was still up
The executive who helped guide Goldman Sachs’ embrace of Main Street is giving up his post in a management shuffle at the consumer unit. Harit Talwar, the face of Goldman’s five-year-old dive into mom-and-pop banking, will step aside, according to people with knowledge of the matter. Omer Ismail will take over as the new global
A Bitcoin services startup based in South America has just launched the first Bitcoin node connected to the Blockstream satellite network within Venezuela. According to a Sept. 25 blog post from startup Cryptobuyer, the launch of the node will keep the Bitcoin (BTC) blockchain updated for Venezuela users without being dependent on a local internet
Following a blockbuster report by The New York Times over the weekend, all eyes are focused on President Trump’s tax returns and what he did, and didn’t, pay. But the eyes that really matter are the federal and state tax authorities charged with reviewing whether or not Trump and the Trump Organization broke tax laws. And
It’s a dilemma many companies are facing: How and when to have staff return to the office, when the coronavirus pandemic and lockdowns have meant vast numbers of employees are still working from home. The CEO of one commercial real estate business says working environments will need to be upgraded to encourage people back —
Ebang International Holdings Inc., the Chinese maker of bitcoin mining hardware, reported a net loss of $6.96 million during the first six months of this year, down from $19.07 million a year ago, as demand fell due to the coronavirus pandemic. Revenue plunged 51% to $11.04 million from $22.35 million previously, said the company in
WASHINGTON, DC – SEPTEMBER 26: Seventh U.S. Circuit Court Judge Amy Coney Barrett looks on while … [+] being introduced by U.S. President Donald Trump as his nominee to the Supreme Court during an event in the Rose Garden at the White House September 26, 2020 in Washington, DC. With 38 days until the election,
The U.S. Virgin Islands said Monday it was canceling a planned $1 billion bond refunding. Governor Albert Bryan Jr. said the cancellation was because of the “negative impact” of a lawsuit filed against it on the eve of bond pricing as well as amendments made by the Virgin Islands Senate on the bond legislation. The
The Alaska – Alberta Railway Development Corporation (A2A Rail) was greenlit by the U.S. administration over the weekend. The 1,600 mile long railway would link south-central Alaska ports and northern Alberta. In a Tweet President Trump said he will be issuing a Presidential Permit for the A2A Cross-Border Rail between Alaska & Canada. Based on
As nations scramble to provide affordable supplies to citizens, many countries remain economically dependent on China… by Zoey Sky of Natural News (Natural News) As the year 2020 is nearing its end, many countries are still struggling to recover while the Wuhan coronavirus (COVID-19) pandemic continues to spread across the globe. Yet as nations scramble
The COVID-19 pandemic has led to significant job losses and impacted consumer spending on several discretionary categories, including fashion and luxury goods. As per Boston Consultancy Group, fashion retailer sales could decline as much as 35% Y/Y in 2020 and luxury store owners could face sales deficits of 45%. The consulting firm also estimates that
Yard signs supporting U.S. President Donald Trump and Democratic U.S. presidential nominee and former Vice President Joe Biden are seen outside of an early voting site at the Fairfax County Government Center in Fairfax, Virginia, September 18, 2020. Al Drago | Reuters If the presidential debate Tuesday results in a clear winner, there could be
From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold’s price weakness should be met with aggressive buying, why you shouldn’t wait to invest in silver, and a newfound correlation between gold and Bitcoin. Gold’s dip is a massive buying opportunity
Kickstarter makes money by taking 5% of the total amount of money that is funded on the site. It uses this money to turn a profit that pays for the costs of running the site, including advertisement and employee payment. Those who use Kickstarter to raise money earn their profits differently, however. Those who want
After Hadi Yousef began to invest in stocks, he soon learned the value of listening to a company’s earnings call. It didn’t take long for the then-Indiana University student to realize that tracking them down for a range of companies was a challenge. “Around that time, five years ago, I had really gotten into podcasts,
Senior Chinese Communist party officials have been sending an ominous message to private sector entrepreneurs in recent weeks. In a series of policy announcements and meetings, they have emphasised that private companies have an important role to play in “United Front work” — a euphemism for efforts aimed at ensuring that non-party organisations and entities
Peter Wells in New York The US had its smallest one-day rise in coronavirus fatalities in three weeks on Monday, as summer hotspot states like California, Florida and Texas reported slower increases in their death tolls. States attributed a further 260 deaths to the disease, according to Covid Tracking Project data, down from 307 on
When advisor Ryan Pine and his partners left Morgan Stanley to open an RIA in 2013, they had their work cut out for them. The team had to negotiate office space and figure out branding for the new enterprise. But building a technology stack from top to bottom — Pine remembers that as one of
Uniswap, the most widely utilized decentralized exchange on Ethereum, has seen explosive growth throughout the second quarter. In fact, less than a month ago, Uniswap’s trading volume surpassed Coinbase Pro as the exchange processed $426 million worth of trades in a 24 hour span. Throughout 2019, the decentralized finance (DeFi) market was relatively stagnant until
Currency has had a fruitful and largely charmed life, and watching it come into its crypto own is heart-warming indeed. Currency as we know it has been evolving throughout our lifetimes. Along the same timeline and gently curving slope that it has evolved along since the advent of currency. From bartering and trading for goods,
Atmosphere outside the Majestic Theatre on April 08, 2020 (Photo by Jamie McCarthy/Getty Images) Getty Images As theaters remain dark, there might be a game of musical chairs behind the scenes. According to Broadway investment banker Lisbeth R. Barron, who brokered the deals for British firm Ambassador Theatre Group to take over six theaters in
The cryptocurrency community has been discussing the Kucoin hack as a great number of ERC20 projects have frozen, paused, or reversed their smart contracts after the hack. Estimates say that at least $129 million ERC20 tokens affected are considered “safe” from the hacker’s clutches. Additionally, evaluations show the breach may be much larger than originally
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