The Democrats in the House have passed a new stimulus bill with zero Republican support. Good luck getting it passed thought the Senate… Greg Hunter gives The Weekly News Wrap-Up for Friday, October 2, 2020 Despite the unfairness of the debate between President Trump and former VP Joe Biden, Trump still destroyed Dem candidate Biden.
Month: October 2020
And just like that, PepsiCo (PEP) has bounced back. One quarter after the food and beverage company saw its growth trends take a serious COVID-19-related hit, with the disruption starting in February, PEP announced that sales trends had made their way back to positive territory. Organic sales gained 4% in the third quarter of 2020,
In just the last 24 hours, the wall of worry for stocks got a lot higher. President Donald Trump has contracted Covid-19, which keeps him off the campaign trail and secluded in the White House for at least two weeks. The betting markets are raising the odds for his rival Joe Biden, whose policies are
by confoundedinterest17 Look at these indicators: The Philadelphia Stock Exchange Housing Sector Index, Semiconductor Index and Gold relative to The Federal Reserve’s Balance Sheet of Asset Purchases. How much of the gain in these indices is the result of Fed monetary stimulus? Stated differently, what happens when The Fed can’t print anymore money??
Whenever someone talks about the stock market as a place to buy and sell equities, what usually comes to mind for most people is the New York Stock Exchange (NYSE) or the NASDAQ. There’s no debating why: these two exchanges account for the bulk of stock trading in North America and worldwide. At the same
U.S. President Donald Trump approaches reporters as he departs on campaign travel to Minnesota from the South Lawn at the White House in Washington, September 30, 2020. Carlos Barria | Reuters Shares of companies tied closely to the economy reopening declined on Friday as President Donald Trump’s positive Covid-19 diagnosis raised concerns about a second
Donald Trump was given an experimental drug as a “precautionary measure” and taken to Walter Reed military hospital on Friday, after developing a fever following his diagnosis with Covid-19. The decision to move Mr Trump to the national medical centre in Bethesda, Maryland, came after the White House doctor said in a memo that the
The US has launched an investigation into alleged currency manipulation by Vietnam, opening a new front in Donald Trump’s trade war weeks before a presidential election. The US trade representative’s office late on Friday evening said it would launch a so-called Section 301 investigation into Vietnam — the same process it used to place tariffs
Want to garner more client referrals? J.D. Power has three letters for you: ESG. Clients are more likely to refer their wealth management firm to friends and family if the company excels in incorporating social causes into their investment strategy, according to a new J.D. Power research report which compiled survey data from 2019 and
Bitcoin (BTC) price appears on the verge of closing another week pinned below the $11,000 resistance but given the major events of the week, things could have been so much worse. Cryptocurrency daily market performance snapshot. Source: Coin360 The top-ranked cryptocurrency by market cap held its ground as KuCoin revealed more than $150 million worth
Getty Images The entire drop in hiring activity in the US the beginning of the pandemic occurred in the principal cities of large metro areas, according to online jobs data. In the rest of the country, hiring activity is now above pre-pandemic levels. This city-center recession is likely to have long-term implications for business geography.
Homes in the North Park neighborhood of San Diego, California, U.S., on Wednesday, Sept. 2, 2020. U.S. sales of previously owned homes surged by the most on record in July as lower mortgage rates continued to power a residential real estate market that’s proving a key source of strength for the economic recovery. Bing Guan
Decentralized finance (defi) is allegedly coming to Venezuela after a recent decree from Venezuelan President, Nicolás Maduro and the United Socialist Party of Venezuela. The government recently introduced a defi platform called BDVE that purportedly provides Venezuelan citizens with the means to swap ERC20 tokens in a noncustodial manner. For quite some time now Venezuela
The US Department of the Treasury recently issued the new National Strategy for Financial literacy. This is much needed, in particular in a time of crisis and a good part of the report is devoted to how to help people in these difficult times and the critical role of financial education. Since the start of
Boeing’s plans to end production of the 787 Dreamliner in Everett, Washington is not expected to affect the credit quality of a Snohomish County public utility district that priced $85 million in refunding bonds last week, according to Fitch Ratings. Fitch had affirmed Snohomish County PUD #1’s ratings at AA-minus stable ahead of its plans
While juniors are getting a lift from financings and better commodity prices, the majors are trimming their portfolios of exploration companies, said special correspondent Paul Harris. Harris joined editor Neils Christensen; and mining audiences manager, Michael McCrae, to record a podcast on Friday. Denis Laviolette, CEO of Goldspot Discoveries, was Kitco Roundtable’s special guest for
This is still a 3.483 Billion Dollar order waiting to get real. As of this early morning, Gold’s Overall Open Interest… submitted by J. Johnson via JS Mineset Great and Wonderful Friday Folks, Gold is flat to lower in the early morning with the trade at $1,914, down $2.30 after dipping down to $1,895.20
Any company whose stock has seen 30% of its value shaved off so far this year, would conclude 2020’s market performance has been underwhelming. But we are talking about the airline industry here, and considering the yearly performance of some of its peers, Southwest Airlines (LUV) – whose stock boasts that alarming dip – has
A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, during hot weather in New York City, New York, U.S., August 11, 2020. Mike Segar | Reuters President Donald Trump’s health and the state of a fiscal stimulus package will be the
On Wednesday, the IMF released the latest Currency Composition of Official Foreign Exchange Reserves (COFER) report for Q2 2020. It showed that while the Dollar share of global reserves had increased in Q1 2020, likely on a combination of valuation effects and safe-haven demand, trend reversed abruptly in Q2 as shown in the Goldman chart below. The
These athletes are more than just some of the best and most successful players in their respective sports; they are thriving businesspeople and investors as well. These are twelve of the most famous athlete-investors today. Key Takeaways Of the twelve athletes on the list, six are current or former basketball players. Technology, real estate, and
CNBC’s Jim Cramer on Friday downplayed the stock market decline on President Donald Trump testing positive for the coronavirus, suggesting investors may want to consider buying on pullbacks. “I’m not saying this is much to do about nothing,” Cramer said on “Squawk Box.” ”I am saying that people should have a buy list ready.” Stock futures were sharply
Boris Johnson and the EU are preparing to kick off an intensified period of Brexit trade talks in a last-ditch effort to overcome stubborn disagreements on fishing rights and state aid. German chancellor Angela Merkel said talks were entering “a decisive phase” after a week in which negotiators narrowed the range of problems but warned
Engie has appointed Catherine MacGregor as its new chief executive, making her the only female boss in France’s CAC 40 benchmark stock index after the energy group ousted her predecessor in February. The 48-year-old Ms MacGregor currently runs Technip Energies, an arm of oil services group TechnipFMC, after spending 23 years at Schlumberger, the world’s
Bank of America plans to stand by its pledge of avoiding staff cuts this year as some of its biggest rivals resume workforce reductions amid the pandemic. “We’ve said no layoffs for this year and we’ll stick by that,” Bank of America Chief Executive Officer Brian Moynihan said Thursday in a Bloomberg Television interview. Banks
Coinbase has unveiled a faster way for its customers to move digital currencies out of crypto and into their bank accounts. The U.S. friendly crypto platform now allows 40 different countries faster cash withdrawals, Coinbase wrote in a Oct. blog post. “Customers in the U.S., U.K. and Europe can withdraw funds with a linked Visa
Matt Picheny is the Managing Partner at MJP Property Group. 15 years’ experience as a real estate investor, syndicator, operator and author. getty My first big move in real estate was when I decided to move to New York City to become an actor and was inspired by the musical Rent. Ironically, this led to a
Siraj Ahmad | iStock | Getty Images Jasmine Johnson is constantly afraid of being evicted from her house in St. Paul, Minnesota. The single mother of five children, all under the age of 13, hasn’t been able to earn enough during the pandemic to stay caught up on her $1,350 rent. First, the daycare where
2nd October 2020, London, United Kingdom: The lack of coordination, and major issues with bureaucracy are taking a heavy toll on the medical trials industry. Costing anywhere from $600,000 to upto $8 million USD per day, every single day a medicine is delayed not only leads to huge financial losses, but also affects millions of
By Richard Eisenberg, Next Avenue Managing Editor getty Retiring from full-time work can be scary financially, when you no longer have a steady paycheck to count on but still have bills to pay. That’s why my “Friends Talk Money” podcast co-hosts Terry Savage, Pam Krueger and I just devoted our latest episode to ways to