New York City and New York State, their finances reeling from the effects of COVID-19, were downgraded late Thursday by Moody’s Investors Service. Moody’s dropped city general obligation bonds to Aa2 from Aa1, affecting $38.7 billion of city debt. The new rating will apply to the city’s $900 million fiscal 2021 Serices C issuance coming
Month: October 2020
$XAG #Silver #FX #Commodities #Trading #Markets #Metals SilverTicker: XAG=Price: $23.80 Silver News Gold and silver prices are moderately higher in early U.S. trading Thursday, again seeing some buying support from a weaker U.S. dollar index on this day. Still, the gold and silver market bulls need a fresh fundamental news spark to restart their near-term price uptrends that have stalled
Is it really so hard to believe that a major financial institution would engage in illegal activity to make a profit? by Simon Black of Sovereign Man Some time in the mid 3rd century BC, King Hieron of the ancient Greek city-state of Syracuse (in modern day Sicily) ordered a local goldsmith to forge a new,
It has been a roller coaster 2020 so far for nano-cap biotech Iterum Therapeutics (ITRM). Over the past two trading sessions, ITRM shares surged nearly 85% after a regulatory path was outlined for the company’s oral tablet sulopenem for the treatment of uncomplicated urinary tract infections (uUTI) in patients with a quinolone-resistant pathogen. However, Iterum’s
A help wanted sign is posted at a taco stand in Solana Beach, California. Mike Blake | Reuters Job growth in September was expected to have been less robust than August as some companies made layoffs permanent and others looked to trim costs. The September report, released Friday at 8:30 a.m. ET, is expected to show 800,000
Americans lose some $50 billion a year to financial fraud, according to the Stanford Center on Longevity’s Financial Security Division. If it ever happens to you or someone close to you, here’s what to do. Key Takeaways Financial scams cost Americans more than $50 billion a year. Contrary to popular belief, people who fall victim
Robert Smith, the billionaire chairman and CEO of Vista Equity Partners, said Wednesday that there’s a marked disparity in investment opportunities between the public and private markets. Smith, who spoke with CNBC’s David Faber from the Delivering Alpha conference, said that his firm continues to look at high-growth investments in enterprise software versus more mature areas
US authorities on Thursday charged the founders of BitMEX, a major cryptocurrency exchange, with wilfully failing to prevent money laundering and operating an unregistered trading platform. The charges are the latest in a years-long effort by the US to crackdown on a cryptocurrency market that was once largely unregulated but has moved more and more
Priti Patel’s plan to deter migrants from crossing the English Channel in small boats took on elements of farce this week, with revelations that officials had considered locations from Ascension Island to Papua New Guinea to house asylum seekers. The news that some were looking to build a floating wall in the English Channel brought
A pedestrian outside the New York Stock Exchange in New York, July 29, 2020. Wang Ying | Xinhua News Agency | Getty Images The October market story is really complicated. If you thought September was confusing, October is not likely to be any better, and it could be significantly rockier. That’s because the “buckets” that
Bankrupt companies, obscure electric-vehicle makers, options fliers, SPACs — each has captured the attention of Robinhood users this year, prompting mockery and taunts from professional investors. But the image of the investing app’s clients spending their days loading up on fad stocks doesn’t accord with reality, according to a new working paper published by the
Penn State, a U.S. university touting more than 40,000 students, has agreed to operate as a signing node for GoChain’s proof-of-reputation, or PoR, blockchain. Constructed as a fork of the Ethereum blockchain’s code, GoChain is secured by selected entities who run their own nodes, Marie Gonzalez, GoChain’s senior vice president of marketing, told Cointelegraph. GoChain’s blockchain
One of the branded residences at the prestigious Amanzoe hotel in Porto Heli, Greece Dolphin Capital Growing in popularity, hotel-branded residences can offer investment potential for buyers and added value to the surrounding community. Checking out of a five-star hotel is never easy: it’s hard to say goodbye to the swish amenities; pristine suites; and
People walk into a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020. Home buyers eying for cozy backyards and more office space are staging bidding wars in the suburbs surrounding New York City amid the spread of the COVID-19 pandemic. Wang Ying | Xinhua News Agency
US lawmakers are intensely discussing a new stimulus package that could cost between $2.2 trillion and $2.6 trillion. The bill could be voted on this week as talks between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin heat up over the content of the bill. New Stimulus Bill: Final Effort for Economic Relief Aid
By Dr. Sharon K. Inouye, Next Avenue Contributor and Director of Aging Brain Center getty Imagine the end of the pandemic — with new cases and deaths trending down towards zero — a time we are all eagerly anticipating. Key to achieving this goal will be the development of effective treatments and vaccines. Yet, based
After a one-week blip, initial jobless claims continued their slow dance lower. Initial jobless claims declined to a seasonally adjusted 837,000 in the week ended Sept. 26, from the previous week’s upwardly revised level of 873,000, originally reported as 870,000, the Labor Department said Thursday. Economists polled by IFR Markets projected 850,000 claims in the
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) - Gold and silver prices are solidly higher and near their daily highs in midday U.S. trading Thursday. The metals saw buying
For certain a BIG MOVE is coming… by Graham Summers of Gains, Pains, & Capital Stocks ripped higher yesterday. However, they ended the session near the lows at support (green line in the chart below). The overnight futures session is signaling another rally this morning, but until we take out overhead resistance (red line in
In the final leg of 2020, does the market have what it takes to reach a record high? If you ask J.P. Morgan, the answer is yes. According to strategist Dubravko Lakos-Bujas, the S&P 500’s earnings are bouncing back more quickly than expected thanks to the Federal Reserve’s accommodative monetary policy, global reopenings and long-term
Take a look at some of the biggest movers in the premarket: PepsiCo (PEP) – The snack and beverage giant reported quarterly profit of $1.66 per share, beating the consensus estimate of $1.49 a share. Revenue came in above estimates as well, boosted in part from increased snack purchases by homebound consumers. PepsiCo said it
Uber Technologies Inc. (UBER) makes money by running a ride-hailing service, and takes a cut of the fares. The company also has a food order and delivery business, Uber Eats, and a freight shipping business, Uber Freight. These work similarly to ride-hailing, except that they match people with delivery drivers and freight shippers, respectively. Key
CNBC’s Scott Wapner talks to Chamath Palihapitiya, Social Capital Founder and Chief Executive Officer during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC Outspoken technology investor Chamath Palihapitiya said Wednesday that the Federal Reserve will have more influence over the markets in the next four years than whomever takes the White House in November.
Suez is trying to derail a takeover attempt by its fierce rival Veolia by backing an eleventh-hour bid led by French private equity group Ardian for the up-for-grabs stake in its own shares held by Engie. It is unclear if the push by water and waste group Suez comes too late to derail Veolia’s €3.4bn
Brussels is suing the United Kingdom over plans to violate last year’s Brexit withdrawal agreement, which could lead to Britain being hauled before the European Court of Justice. Ursula von der Leyen, the European Commission president, said that Brussels had sent a “letter of formal notice” to the UK over prime minister Boris Johnson’s “internal
What’s the biggest RIA in the business? Well, it depends on your definition. For Financial Planning’s 7th RIA Leaders ranking, the answer came down to three main factors: whether the firms receive commissions, maintain broker-dealer or insurance company affiliations and have client bases that are at least 50% individuals or high-net-worth individuals. To make this
The Australian Securities Exchange will delay its blockchain-based CHESS replacement after huge trading volumes due to the pandemic required a massive expansion of capacity. The DLT- based system had been scheduled for official trials in December, with a planned launch window of early 2022. At its annual meeting this year, ASX chief executive Dominic Stevens
Restore Oakland, a restorative justice center designed by nonprofit Designing Justice + Designing … [+] Spaces supports alternate means of justice for crimes. Photo: Emily Hagopian Today, the New York Chapter of the American Institute of Architects released a statement from its board of directors calling on architects to halt designing projects that support the
Real estate agents leave a home for sale during a broker open house in San Francisco, California. Justin Sullivan | Getty Images Despite another interest rate drop, demand for refinancing and purchasing mortgages fell last week, with total mortgage application volume down 4.8% from the previous week, according to the Mortgage Bankers Association. Record-low mortgage rates
1th October 2020, Belize City, Belize: With new exchanges cropping up, trading becoming ever-more popular, and the interest in Crypto and DeFi rising by the day, the trading market has been crying out for something special to hit for quite some time. That moment comes now, as DueDEX releases news of its zero-fee LINK/USDT perpetual