In February 2014, London’s Underground was partially shut down by a strike that forced many commuters to find new ways to get to work. The disruption lasted just 48 hours, but when three economists (Shaun Larcom, Ferdinand Rauch and Tim Willems) studied data from the city’s transport network, they discovered something interesting. Tens of thousands
Month: December 2020
Australian authorities are scrambling to contain a coronavirus outbreak that has broken Melbourne’s 61-day run without local transmission and threatens one of the world’s most successful efforts to suppress the pandemic. Officials reported 15 total infections in Sydney and Melbourne on Thursday, pushing the total number of cases identified since an outbreak detected in Sydney on December
Prospective clients could soon begin browsing for RIA firms via a host of third-party ratings sites, just as they would shop for a plumber or landscaper, as advisors begin to promote their practices under the SEC’s long-awaited new advertising rules. Outgoing commission Chairman Jay Clayton describes the update of the decades-old regulation as a long-overdue,
The XRP token’s market capitalization has fallen almost $130 billion since its all-time high in 2018, making the cryptocurrency project’s decline comparable to the collapse of major financial institutions. According to Josh Frank of crypto-focused research company The TIE, the project is experiencing a collapse similar to some of the biggest corporate scandals and catastrophes
Sacramento ranks number one on realtor.com’s 2021 top markets list getty Here’s a look at realtor.com’s top markets for 2021. According to realtor.com report tech hubs and state capitals will lead the pack for home price appreciation and sales growth. This year’s top ten out of 100 markets include in order: Sacramento, San Jose, Charlotte,
Ripple has hit back at the U.S. Securities and Exchange Commission (SEC), accusing it of creating more uncertainty and failing in its duty to protect the crypto community. In panning the SEC’s decision to designate its XRP token as a security, the company claims the regulator’s lawsuit against it amounts to an attack on the
“If I have seven figures in a retirement account, is it possible I’m saving too much for … [+] retirement?” getty In my line of work, I meet a lot of people who are concerned they haven’t saved enough for retirement. But interestingly, I’ve also heard the opposite. “If I have seven figures in a
Heading into the New Year, weak oil prices and production declines will continue to strain several North Dakota cities dependent on oil-related revenue. A prolonged period of production declines will hit the state’s Bakken Shale hub cities of Williston, Minot and Dickinson the hardest, according to a Moody’s Investors Service comment. Moody’s rates Williston Ba2
Last week Almaden Minerals (TSX:AMM) announced that its initial environmental permit application for its Ixtaca project was denied. Almaden originally submitted its environmental permit application (MIA) in early 2019. The permitting authorities are the Secretaría de Medio Ambiente y Recursos Naturales (SEMARNAT). The company said the reasons for the denial were insufficient information regarding the
The next few weeks will be full of major trend changes and fluctuating price activity as global investors attempt to… by Chris Vermeulen of The Technical Traders In the first part of this research article, we highlighted some of W.D. Gann’s research, particularly the theory of price vibrations, angles, slopes, and how they relate to future price
Momentum might be an elusive quality, yet it is also pretty easy to spot. Right now, it is clearly on BioNano Genomics’ (BNGO) side. In December, shares of the life sciences company have accumulated a mighty 328%. Evidently, investors are buying into the cytogenetics specialist’s steady stream of positive developments. On Monday, the company disclosed
Check out the companies making headlines before the bell: AstraZeneca – Britain became the first country to approve the drug maker’s Covid-19 vaccine, setting the stage for a rollout of millions of doses. The vaccine is not yet approved in the U.S., with the FDA still to review large-scale trials. The stock was up 2% at
by visualcapitalist We’ve all been affected by the pandemic-induced mayhem of 2020. But when it comes to finances, some have fared far better than others. While job loss persists for Americans making less than $20 an hour, the rich have gotten richer. More specifically, the most wealthy American billionaires have seen their net worth bounce back dramatically, thanks
Itemized tax deductions have given many American wage earners a chance to pocket more income, rather than hand over their hard-earned cash to the government. For those who keep good records, deductions have long meant more money for them and less for the Internal Revue Service (IRS). Key Takeaways If you don’t take the standard
The UK drugs watchdog on Wednesday approved the coronavirus vaccine made by Oxford university and AstraZeneca, boosting hopes that millions more Britons can be inoculated against the disease in the coming months as a new viral variant of Covid-19 takes hold. AstraZeneca said the UK Medicines and Healthcare products Regulatory Agency had given the jab
The euro climbed to its high of the year on Wednesday, taking its gains in 2020 close to 10 per cent. The European single currency rose as much as 0.4 per cent against the dollar to a peak of $1.2309, its highest level since 2018, extending a rally that has endured since the summer. It
A FINRA compliance program that drew industry ire when it was announced nearly two years ago unveiled the first 19 resulting cases, with more to follow in 2021. In a far cry from the initial set of 79 settlements netting $125 million in restitution under a similar SEC mutual fund share-class program that had made
Within the last hour, Bitcoin (BTC) price rallied to set a new all-time high at $29,000. On Dec. 29 Bitcoin price attempted to push through a stiff resistance cluster at $28,500 but after rallying to $28,600 the price rejected with a sharp correction to $27,300. Daily cryptocurrency market performance. Source: Coin360 Today’s move to $29,000
The contemporary villa-style home, listed for about $3.93 million, takes in golf course and sea … [+] views from a hillside perch in Dénia, an all-season coastal community in Valencia, Spain. Immobiliaria Rimontgo If a perch where the Mediterranean stretches along the horizon is on your scorecard, cast your eyes toward this contemporary villa set
As XRP continues to plummet in value due to Ripple’s turmoil with the U.S. Securities and Exchange Commission (SEC), the token seems to find some support in Japan, as crypto exchanges in the nation have refused to delist it. Nomura and Key Ripple Partner Keep Supporting XRP, Reject US SEC Claims Per a report published
getty The clock is running out on 2020. If you’re like the 83% of Americans who think that 2020 was either just “OK,” “bad,” or “terrible,” you’re probably looking forward to ringing in the new year. But if you have an hour or so to spare before the ball drops, a smart money move before
Municipal bonds were stable on Wednesday as the market remained mostly unchanged on the last full trading day of 2020. Thursday will see an early close with a full close on Friday. Trading will resume on Monday, Jan. 4, 2021. Residual position-squaring is about all that is happening this week — and much of last
Kitco News has launched its 2021 Outlook, which offers the most comprehensive coverage of precious metals markets in the new year. Trillions of dollars were pumped into financial markets in 2020 and that won’t come without consequences. Economists expect that investors will be Bracing For Inflation in 2021. (Kitco News) – It’s been said the
Based on the likelihood that the next big move is going to be to the downside, it would fit the overall picture more if the upcoming… by Przemyslaw Radomski via Sunshine Profits As of Wednesday (Dec. 30) morning, gold is range trading and remains more or less flat as it seeks momentum. As we wait
Wall Street’s investment firms are burning the midnight oil as we approach the end of 2020, publishing their year-end notes and their New Year prognostications, both for investors’ edification. There is the obvious point: we’re in a moment of rising markets, and investor sentiment is riding high now that the election is settled and COVID
Traders work on the floor of the New York Stock Exchange. NYSE The pandemic turned 2020 into a year of unprecedented events — not the least of which was the swift crash and then record-fast recovery of the stock market. The market’s race higher has been in stark contrast to an economy that has been
by Martin Armstrong One reader pointed out that this would not be the first election that led to violence because of corrupt politicians counting votes in their favor. The corruption in politics was just in your face. In Athens, Tennessee, the Cantrell-Mansfield government was not only rigging their election to stay in power, but they were also
As another year draws to a close, taxpayers everywhere need to take stock of their income, deductions, and credits for the year and take the necessary steps to minimize their tax bills for 2020. Here is a list of things you can do before you ring in the New Year to reduce the amount you
Ukraine’s president has ordered the suspension of the country’s chief justice, escalating a power struggle between the government and the constitutional court that has threatened anti-corruption reforms and derailed multibillion-dollar financing from the IMF and western backers. The presidential decree signed by Volodymyr Zelensky on Tuesday night suspends Oleksandr Tupytsky, head of the constitutional court,
UK house price growth reached a six-year high at the end of 2020 as people rushed to move to more spacious properties while government policy measures are still bolstering the market. House prices rose 0.8 per cent between November and December taking the annual growth rate up from 6.5 per cent to 7.3 per cent,
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