Month: November 2020

Mortgage interest rates have set record lows more than a dozen times this year, and last week there was yet another. That caused mortgage application volume to increase 3.9% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Refinance applications led the way, climbing 5% for the week to the
0 Comments
Illinois will borrow $2 billion through the Federal Reserve’s short-term lending program that expires at the end of the year, Gov. J.B. Pritzker announced Wednesday. The state had been weighing how much to tap of the $5 billion in authority granted by state lawmakers in the spring when they signed off on the $43 billion
0 Comments
“Initial commissioning of our mill is a significant milestone on our journey toward establishing Alexco as Canada’s only primary silver producer,” said Alexco CEO and chairman Clynton Nauman in a release. “This achievement has only been possible with the hard work and determination of all our employees and contractors who have worked safely to deliver
0 Comments
THANKSGIVING ‘TIMEBOMB’ FEARS  America suffers deadliest day since May as more than six MILLION fly home for Thanksgiving AMERICA has suffered its deadliest day since May with more than 2,100 daily coronavirus deaths as fears of a Thanksgiving “timebomb” spiral. Across the US, hospitals have been overwhelmed with Covid patients – with at least one medical center turning
0 Comments
This year has been a challenging one, as financial advisors and their clients have had to navigate unprecedented issues. As we near the Thanksgiving holiday, we asked several of our top advisors to share what has been most meaningful for them this year and how it has shaped their professional outlook. “I’m incredibly grateful for
0 Comments
Richard Newstead | Moment | Getty Images Drones have arrived on Wall Street. Goldman Sachs, the world’s top mergers advisor, is among investment banks using drone technology to give its clients a bird’s-eye view of the companies they are bidding on, according to Stephan Feldgoise, the firm’s global co-head of mergers and acquisitions. After Covid-19
0 Comments
Thailand’s democracy protesters have rallied outside a leading bank in which their billionaire king is the biggest shareholder to demand that more of his considerable wealth be shared with ordinary people.  In drawing attention to the personal fortune of 68-year-old Maha Vajiralongkorn, the demonstrators confronted arguably the single most sensitive topic in Thai public life.
0 Comments
British pension scheme sponsors have won a reprieve. Rishi Sunak, the UK chancellor, has held off scrapping the retail price index before 2030. That ends a fraught debate that pitted would-be beneficiaries — those paying RPI-linked interest rates on student loans, say, or train fares — against potential losers. Chief in that camp were pension
0 Comments
BitcoinTuesday, scheduled for Dec. 1, aims to become one of the largest cryptocurrency fundraisers in history.  The Giving Block, a crypto donations company, has secured partnerships with over 120 nonprofits and 30 blockchain companies to spearhead BitcoinTuesday — a one-day event that promotes charitable giving via cryptocurrency. Some of the biggest names in crypto will
0 Comments
In the COVID era, smart phone-enabled self touring is allowing property managers to fill more … [+] apartments. (Photo by Dinendra Haria/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images A second novel coronavirus surge currently sweeps the land. Herd immunity remains at least months off. Apartment building vacancies continue climbing. And according to
0 Comments
A salesman carries a Best Buy shopping basket in San Francisco, California. Getty Images Check out the companies making headlines in midday trading. American Airlines, United Airlines, Carnival — Airlines and cruise stocks surged on Tuesday as stocks tied to an economic recovery continued to rise after a series of positive vaccine announcements. Shares of
0 Comments
If it seems like free checking accounts are becoming a thing of the past, you’re not totally wrong. A number of large banks have either given them up altogether or started charging a fee if your account balance doesn’t exceed a minimum level. Bank of America was the latest domino to fall. In January, it
0 Comments
The coronavirus crisis sparked a record flight out of emerging market assets, with more than $90bn leaving bonds and stocks in March alone, according to the Institute of International Finance. But now the asset class is making a comeback. This month’s breakthroughs in the hunt for an effective Covid-19 vaccine have fed optimism over the
0 Comments