We really needed to break through $21, and we did that. Here’s what comes next for silver… Bill Murphy interviewed by Chris Marcus of Arcadia Economics For years, there was a #silver analyst who warned to watch out once the #silverprice broke through the $21 level. Because when it did, he expected the price to
Month: November 2020
Wall Street is a fickle place. The very investors that put a stock on a pedestal can pull it down to terra firma in no time. Just look at Fastly (FSLY). Until mid-October, the edge computing services provider had been one of 2020’s strongest performers, rising by more than 500%. However, Fastly let investors down
Check out the companies making headlines after the bell: PayPal — Shares of the payments company dropped 4% in after hours trading Monday despite reporting better-than-expected earnings. PayPal earned $1.07 per share on revenue of $5.46 billion. Analysts expected earnings of 94 cents on revenue of $5.43 billion, according to Refinitiv. Mondelez — Shares of
by Usman Salis According to the analyst, the S&P 500 is now repeating its movements during the 2016 presidential election. If the pattern continues, the market will rally. S&P 500 Repeats 2016 Election Pattern Adam Mancini, market analyst and full-time futures trader, analyzes market movements and draws parallels with market behavior ahead of previous elections in 2016. The
Democratic officials in key swing states lashed out at Donald Trump after he pledged to mount a legal challenge before all the votes are counted as the US prepared for a chaotic election. Democrats fear Mr Trump is trying to boost his re-election chances by making baseless claims about voter fraud, in an effort to
Austria was rocked on Monday evening by multiple shootings across Vienna in what police described as a major terrorist incident. Police reported several injuries and at least one fatality in incidents across the capital, including an attack outside the city’s main synagogue. Video footage sent to the Financial Times by eyewitnesses recorded dozens of shots,
Even as low interest rates crimped Charles Schwab’s revenue last quarter, the company reeled in more than $51 billion in assets across its RIA custody and DIY investor divisions. Its fastest growing segment in the retail business? Wealthy clientele. “Our plan is to continue to add the services and capabilities that the high-net-worth and ultra-high-net-worth
The digital asset industry as a whole looks significantly different than it did three years ago. A Wild West-esque year, 2017 boasted astronomical asset price increases and booming fundraises amid underdeveloped regulation. Some elements of 2017, such as initial coin offerings, have largely died off. Other niches, such as derivatives trading, have since experienced watershed
Several things are now pretty clear. First, the recession will last well into 2021. Even though retail spending has bounced back from a 20 percent drop, jobs haven’t. More government spending will help the 10 million people who have not regained their job, but it can’t give them a new one. As long as COVID
Major decentralized finance (defi) projects fell sharply in October, with token prices tumbling by between 30% and 56%, as money appears to be moving away from the overhyped space and back into bitcoin. According to Coingecko data, Andre Cronje’s Yearn Finance (YFI) fell fastest, crashing 56% to around $10,400 as of Nov. 1, down from
getty The Main Street New Loan Facility Program was established as a part of the CARES Act earlier this year to provide banks with a 95% guaranteed re-payment when they extend credit under this program to a business borrower. In an apparent reaction to the delay in extending new PPP loans the SBA announced on
Illinois voters Tuesday will decide the fate of the state’s income tax rate structure. If voters amend the state constitution to remove the flat income tax requirement, Gov. J.B. Pritzker’s plan would scrap the current 4.95% flat personal income tax rate with graduated rates in which the highest tax bracket would be set at 7.99%
TipRanks What Pullback? JPMorgan Says These 2 Stocks Could Surge Over 60% Last week, the market saw its worst losses since the coronavirus panic in March. A variety of worries impacted the financial world, pushing the losses: the uncertainty of the upcoming election, the increasing coronavirus cases, and the unlikelihood of another economic stimulus any
A breakout or breakdown is pending. The key to understanding the potential of this setup is to ask yourself if you believe an increased… by Chris Vermeulen of The Technical Traders Heading into what will likely become one of the biggest events in American political history on November 3, the US stock markets are holding
Inside trading has a bad sound to it, but what is it really? Corporate insiders are company officers – the Presidents and VPs and Execs and Board members who run the world’s public – and private – companies. Their positions put them ‘in the know,’ and make them privy to the inner workings of their
Colorox brand toilet bowl cleaner sits on display at a supermarket in Princeton, Ill. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines midday Monday: SolarEdge Technologies – Shares of the solar-equipment maker jumped more than 4% ahead of the company’s third-quarter results, which will be released after the bell. Research
by DCG This information comes from Press Secretary Kayleigh McEnany so – of course – the left will claim it is a lie. From Fox News: “The American hostage rescued in West Africa by SEAL Team 6 in a daring raid is part of President Trump’s exceptional accomplishments, Kayleigh McEnany said Saturday. “It was a successful
The global governmental response to the coronavirus pandemic has been rife with shortcomings that have prolonged the acute phase of the health crisis, “Black Swan” author Nassim Taleb told CNBC on Monday. “I think this is a case study of government worldwide incompetence in dealing with a problem and denial,” said Taleb, whose best-selling 2007
Wall Street shares rebounded following last week’s rout, with investors repositioning their portfolios as Joe Biden holds a strong lead in national polling ahead of election day. The S&P 500 gained 1.2 per cent while the tech-focused Nasdaq rose 0.8 per cent. The S&P lost 5.6 per cent last week, in its worst week since
Sports stadiums blast out the refrain “I get knocked down, but I get up again” when players scramble to their feet after a tackle. But repeated tumbles make recovery slower. The outlook for swaths of business is grim as England prepares to follow France and Germany into national lockdown. A large chunk of equity is
How is Wall Street positioned for the election? Even Wall Street isn’t sure. For most of October, “buy the stimulus trade” was the main idea on Wall Street. After all, polls showed odds were good for a Biden victory that would likely entail some kind of large-scale stimulus. Investors were buying small-cap stocks, infrastructure plays, and
The cryptocurrency market momentum has swung back to Bitcoin (BTC) recently as BTC dominance and trading volumes have been climbing along with the price. In that regard, the primary altcoin indicator Ether (ETH) has not been doing well as ETH/BTC dropped 30% in the last two months. Now many crypto traders are asking when the
Real estate is a highly competitive market, especially in the commercial sector. The work you put in is often what you get back, and it requires a lot of time, energy and persistence to make a name in the market. One important tip is to ensure you’re choosing the right properties to invest in, so
Venezuela says it will incorporate bitcoin and litecoin wallets to its Patria’s Cryptocurrency Remittance Platform. In an update, authorities in the country say this move will enable Venezuelan citizens to formally receive remittances in cryptocurrency form. Many citizens of hyperinflation hit Venezuela already use bitcoin as a store of value as well as for cross
Economic Security Planning, Inc. Today’s column addresses questions about whether benefits lost to the earnings test can ever be recovered, how soon spousal benefits are available after marriage, the effect of birth date on spousal benefits before retirement benefits and being eligible for more than one benefit at a time. Larry Kotlikoff is a Professor
While we usually think of the Federal Reserve as above the fray of politics, the current president has been vocal about Fed policies and the current chair, Jerome Powell, who he appointed in 2018 to replace Janet Yellin. In addition, Congress often takes its own shots at the Fed after an economic crisis has resolved
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) – Heading into the European cash open gold (0.32%) and silver (1.33%) are trading higher. There are lots of key data
We couldn’t even get $22.50 as the gran finale on silver’s latest “correction”? Here’s why silver looks ready to rally… There are a ton of things happening in the markets and in the economy. We have the Fed’s 2-day FOMC with their “announcement” at 2:00 p.m. EST on Thursday, instead of the usual Wednesday, this
Lear Corp.’s 3Q earnings of $3.73 per share increased 5.4% year-over-year and crushed analysts’ estimates of $3.14. The manufacturer of automotive seating and automotive electrical systems reported revenues of $4.9 billion that improved 2.1% year-over-year and surpassed the Street estimates of $4.7 billion. The company’s 3Q outperformance leaned on a rebound in vehicle production from
by Michael Snyder In my entire lifetime, I have never seen Americans so emotionally invested in the outcome of a presidential election. Yes, things always get intense as we approach Election Day, but this time around is different. There are many Democrats that do not even want to imagine another four years under Trump. In