Chinese government-backed blockchain initiative, the Blockchain Service Network, or BSN, is introducing support for another batch of major blockchain protocols. On Nov. 26, it announced that it will integrate Polkadot, Oasis and Bityaun into its ecosystem on Nov. 30. Polkadot’s blockchain protocol is designed to connect multiple specialized blockchains into one unified network. Polkadot also enables
Month: November 2020
It took all of about five weeks for “Dancing With the Stars” contestant Jesse Metcalfe to land a … [+] buyer for his home in the Hollywood Hills. Hilton & Hyland After cutting a rug as a contestant on “Dancing With the Stars,” actor Jesse Metcalfe has cut himself a deal in the housing market,
South Africa Unveils New Crypto Rules as Usage Soars Exponentially The South African financial regulator has published a draft declaration of crypto assets as financial products. The regulator says South Africa has experienced “an exponential increase in the provision and use of crypto assets.” South Africa’s Crypto Regulation South Africa’s … read more. Silk Road
Thus far, the risk pooling discussion has focused on annuities. Another form of risk pooling for longevity is available through life insurance, and this chapter* explores the ways that life insurance can potentially be incorporated into lifetime financial planning. This discussion is mostly about whole life insurance in comparison to term life insurance, but other
Federal Reserve officials discussed providing more guidance on their bond-buying strategy during their Nov. 4-5 policy meeting. “Many participants judged that the Committee might want to enhance its guidance for asset purchases fairly soon,” according to meeting minutes published Wednesday by the Fed. In addition, “most participants judged that the guidance for asset purchases should
p>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 (0.47%) and silver (0.49%) have pushed higher during the Asian session and look positive heading into the European open.
Trump takes credit for record markets he said would tank on Biden win. Janet Yellen for Secretary of Debt. The opposite of the Roaring Twenties are here… by Peter Schiff of Peter Schiff Podcast Markets hit all time record high of 30k.Record TSLA stock price rockets Elon Musk to second richest in the world.Trump takes
L Brands announced leadership changes for its Victoria’s Secret brand as part of its efforts to revive the lingerie line. The company said that John Mehas, the CEO of Victoria’s Secret since February 2019, will be replaced by Martin Waters, effective immediately. Waters joined L Brands (LB) back in 2008 as head of the international
Take a look at some of the biggest movers in the premarket: Gap (GPS) – Gap reported quarterly earnings of 25 cents per share, missing consensus estimates by 7 cents a share. The apparel retailer’s revenue beat forecasts, however. Gap’s bottom line was hurt by increased marketing and shipping costs resulting from a shift to
by Michael Snyder In my entire lifetime, there has never been a Thanksgiving like this. 39 million Americans don’t have enough to eat right now, more than 70 million claims for unemployment benefits have been filed so far during this calendar year, and people are waiting in line for hours at food banks all over
Today’s seesaw markets can be worrisome to investors saving for retirement. Watching account values rise and fall can cause you to feel anxious about your simplified employee pension (SEP) plan. However, your SEP has more advantages than disadvantages, even during times of market volatility. Key Takeaways A simplified employee pension (SEP) is a type of individual retirement
U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell are seated to testify before a House Financial Services Committee hearing on oversight of the Treasury Department’s and Federal Reserve’s coronavirus disease (COVID-19) pandemic response on Capitol Hill in Washington, U.S., September 22, 2020. Joshua Roberts | Reuters The Federal Reserve could provide clues
Chinese state media are marshalling fringe theories to argue that the coronavirus pandemic began outside China, ahead of a World Health Organization investigation into the origins of the virus. People’s Daily, the official Chinese Communist party newspaper, said in a Facebook post on Wednesday that “all available evidence” suggested the virus “did not start in central
Aviva is resuming dividends paused in the first wave of coronavirus infections, though the payment will be rebased following the recent sale of its Singapore and Italy businesses. Amanda Blanc, chief executive officer, said Aviva’s simplification programme was making good progress and set a target for total 2020 dividends at 21p, down from 30p in
The slump in annuity sales stemming from low interest rates hasn’t extended to some products designed for protection and a little bit of upside during economic turmoil. Fixed-rate deferred annuities such as multi-year guaranteed annuity products, as well as registered index-linked annuities — also known as structured or buffered variable annuities — are moving at
Analysts are pointing to demand from financial institutions and publicly listed companies as the primary forces behind BTC’s sudden re-test of its all-time highs. “The primary reason for the steady grind up in Bitcon has been the increased interest and aggressive buying activity from institutions,” said Nick Cote of gamified trading platform Hxro Labs. “A
Monitor’s Rest is a ski-in/ski-out home on Park City Mountain. The Iluminus Group Nestled among mature forests on Park City Mountain in Utah is a ski-in/ski-out home unlike any you’ve ever seen. Listed by Engel & Völkers for $38 million, Monitor’s Rest is a stunning compound nestled into the mountainside at the base of Monitor
On November 25, the asset manager Vaneck announced the launch of an exchange-traded product (ETP) called the “Vaneck Vector Bitcoin ETN.” The exchange-traded note is physically-backed by bitcoin and listed on the trading exchange Deutsche Böerse Xetra. The newly listed Vaneck bitcoin ETN provides investors with the opportunity to buy and sell the ETN, and
By Richard Eisenberg, Next Avenue Andrew Saul Andrew Saul In recent years, the Social Security Administration had a pretty lousy — and worsening — reputation for customer services. Nearly 125 of its field offices were shuttered and hold times on the agency’s 800-number line were often infuriatingly long. Then Andrew Saul was sworn in as
The municipal market firmed Wednesday as it got ready for the Thanksgiving holiday and looked ahead to next week’s supply slate. IHS Ipreo estimates volume for the week of Nov. 30 will be $7.68 billion, up from the under $1 billion seen this week. The calendar is composed of $6.99 billion of negotiated deals and
(Bloomberg) — The Pebble mine in Alaska was dealt a potentially lethal blow after the U.S. Army Corps of Engineers rejected an essential permit for the project. The proposed mine in southwestern Alaska, which would tap one of the world’s largest undeveloped copper and gold deposits, has been dogged by protests for years, as conservationists
Between the toxic political theater, pandemic scares, nationwide lockdowns that smack of martial law, a rollercoaster economy, and the menace of… by John Whitehead via The Rutherford Institute “War is over. If you want it.”—John Lennon If ever there were a year filled with an abundance of bad news and a shortage of good news,
Advanced Micro Devices (AMD) has experienced incredible growth since almost going bankrupt in 2014. Alongside the massive share gains, the company is also now an industry heavyweight challenging both Nvidia and Intel for market dominance, in the GPU and CPU segments, respectively. The chipmaker has also set its sights on expansion. Its ambition stated with
Check out the companies making headlines in midday trading. Deere — Shares of the equipment maker slipped more than 1% despite the company betting top and bottom line estimates during the fourth quarter. Deere earned $2.39 per share during the period, ahead of the $1.49 expected by analysts surveyed by Refinitiv. The company said in
It was a day for the record books as the Dow Jones Industrial Average crossed and closed above 30,000 for the first time in history. The combination of positive vaccine news, the official transition from the Trump administration to the Biden administration acknowledged by President Trump, the naming of Janet Yellen as Biden’s choice for
SpaceX prototype rocket Starship SN8 stands on the company’s launchpad in Boca Chica, Texas before an engine test. @LabPadre SpaceX is aiming to launch its latest Starship rocket prototype as early as “next week,” CEO Elon Musk said on Tuesday, in what would be the company’s most ambitious flight test of the rocket to date.
Disquiet is growing over the way that Oxford university and AstraZeneca have handled the early readout from trials of their coronavirus vaccine, which much of the developing world may rely on to emerge from the pandemic. The results were hailed a success for showing an average efficacy of 70 per cent — a figure reached
President-elect Joe Biden urged Americans to forgo their traditional Thanksgiving customs during the pandemic, warning of the dangers of coronavirus “fatigue”. “This is the moment where we need to steel our spines, redouble our efforts and recommit ourselves to the fight,” Mr Biden said in a Thanksgiving speech. ExxonMobil said it will sack up to
The 20 worst-performing small-cap funds of the last 10 years, nearly all of which are value strategy funds, had an average return of roughly 6.7%, Morningstar Direct data show. So far this year, the same funds have a loss of more than 5%. Pitted against the broader industry, this lineup of mutual funds and ETFs
Online auction marketplace eBay is teaming up Lolli, a crypto-centric shopping app, to integrate Bitcoin (BTC) rewards for its 127 million users. Lolli announced Wednesday that its users can earn 1% back in Bitcoin when they shop on eBay’s marketplace. The initiative is part of a dual strategy to integrate crypto payments with online marketplaces
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