Municipal bonds were little changed Tuesday as the market took stock of 2020 and looked ahead to what 2021 might have in store. Yields on top-rated munis were flat across AAA scales. As the year comes to a close, the municipal bond market is essentially “cured from a functionality standpoint,” according to John Mousseau, president
Month: December 2020
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) – Anglo Pacific Group (SPF:LSE)
As our politicians spend hundreds of billions on other nonsense, we are supposed to be deeply grateful to them for tossing a few hundred bucks our way… by Michael Snyder of The Economic Collapse Blog Well, it looks like we are going to get $600 stimulus payments from the federal government after all. Oh goody!
Wall Street has mixed feelings about penny stocks. These tickers changing hands for less than $5 per share either draw investors in with their high return potential or send them running for the hills, but why? When we say high return potential, we aren’t exaggerating. The bargain price points allow investors to snap up more
Check out the companies making headlines in midday trading. Ormat Technologies — Shares of the alternative energy company advanced more than 4% after Bank of America initiated coverage on the stock with a buy rating and $96 target, according to FactSet. The stock rose to an all-time high on the heels of the bullish call.
by Martin Armstrong In November, all restaurants and cultural institutions such as museums, opera houses, cinemas, and events had to close. Every day demonstrations take place against these restrictions. Just 10 days before Christmas, on December 16th, Germany added more restrictions with a second strong lockdown where all schools and the retail industry had to
Happiness during retirement can be pretty elusive. That can come as a surprise to some, who might assume they’ll be much happier once they finally stop working. In the years leading up to retirement, they may have dreamed about not being beholden to an employer’s schedule, having plenty of free time to pursue hobbies and
UK stocks rallied on Tuesday as investors got their first chance to react to last week’s Brexit trade pact and the $900bn American stimulus bill signed into law by President Trump at the weekend. London’s FTSE 100 and the mid-cap FTSE 250 both advanced around 2 per cent on the first trading day of the
The oil sector was hit harder than almost any other by the pandemic. Crude prices fell from near $70 a barrel at the beginning of the year to below $20 in April as lockdowns slashed fuel demand. Prices even briefly turned negative in the US. After a short but highly damaging price war, Opec and
Over 200 Simplex partner companies can now offer crypto debit cards to their customers, potentially enabling greater adoption of cryptocurrencies for retail transactions. The development is the result of a recent partnership between Simplex and Visa announced Monday. Simplex, a fiat-to-crypto on-ramp service is now a principal member of Visa in Europe. A Simplex spokesperson
Color authority Pantone names two Colors of the Year for 2021: Illuminating yellow and Ultimate … [+] Grey. getty Every winter, the world’s design authorities share their color choices for the upcoming year. One of the top firms in this space, Pantone, is naming two for 2021: A vivid yellow called Illuminating (13-0647) and Ultimate
The Indian government is reportedly mulling over imposing an 18% goods and services tax (GST) on bitcoin transactions. According to the Central Economic Intelligence Bureau, the government could gain Rs 7,200 crore annually from this bitcoin taxation. 18% GST on Bitcoin Trades The Central Economic Intelligence Bureau (CEIB), an arm of the finance ministry, has
getty The Roth IRA is one of the most powerful tax and retirement planning tools available, yet it is misunderstood and often misused. Many financial advisors have labeled 2020 as the best time to convert all or part of an IRA. Income taxes, and the cost of converting an IRA, might never be lower in
Detroit Chief Financial Officer Dave Massaron will take the helm of Michigan’s budget office at the start of the New Year as state Budget Director Chris Kolb departs for an administrative position at the University of Michigan. “He is uniquely qualified to serve as budget director for the state, where I am confident he will
NEW DELHI: Silver futures on Tuesday dropped by Rs 499 to Rs 68,318 per kg as participants reduced their bets on low demand. On the Multi Commodity Exchange, silver contracts for March delivery tumbled by Rs 499, or 0.73 per cent, to Rs 68,318 per kg in a business turnover of 14,151 lots. Silver traded
The ECB’s bond bubble is INSANE… by Jason Burack of Wall St For Main St Jason talks about how crazy the European Central Bank’s (ECB’s) bond bubble has gotten with the ECB’s balance sheet already well above 60% of the EU GDP before a new bond buying program was announced on December 10th https://www.cnbc.com/2020/12/10/ecb-e… Follow
Novavax announced the initiation of the pivotal Phase 3 study of NVX-CoV2373, its COVID-19 vaccine candidate, in the US and Mexico after delaying the start twice. However, shares closed almost 10% lower on Monday as it looks like investors took the opportunity for some profit-taking. Specifically, Novavax (NVAX) disclosed that the Phase 3 trial will
by Michael Snyder Well, it looks like we are going to get $600 stimulus payments from the federal government after all. Oh goody! For the millions of Americans that are on the brink of being evicted from their homes, that will be enough for about half a mortgage payment or about half a month of
The State of Massachusetts is the latest authority to target Robinhood, contending that the trading platform has aggressively marketed itself to investors without regard for the best interests of its customers. In a recently filed 24-page administrative complaint, Massachusetts alleged that Robinhood used aggressive marketing and advertising tactics to attract new, often inexperienced customers, while
Boarded-up shops and cafés, food banks under pressure, unemployment rising sharply: the economic impact of the coronavirus pandemic in Portugal has reawakened painful memories of the European debt crisis just as they were beginning to fade. Three months before the virus struck in March, the country recorded its 25th quarter of uninterrupted growth. As the scars left by a
The US Treasury department said on Monday that an executive order issued by Donald Trump banning investments in Chinese companies with suspected military ties would apply to subsidiaries, embracing a tougher interpretation of the president’s crackdown. The clarification followed a heated debate within the Trump administration about the application of the executive order signed last
There’s a new champion in the battle for bragging rights atop the $5.3 trillion ETF industry, while a familiar laggard is seeing its slice of the U.S. market shrink toward a record low. Vanguard is on track to beat BlackRock in attracting ETF flows for the first time since 2013, with a record of $194
Major cryptocurrency exchange Coinbase will suspend trading for XRP in response to the United States Securities and Exchange Commission taking legal action against Ripple. According to a blog post published today by Coinbase chief legal officer Paul Grewal, the exchange will fully suspend XRP trading starting on Jan. 19 at 10:00 am PST. Coinbase clarified
Julie Faupel, REALM founder and CEO Courtesy of REALM REALM™ the first collaborative global real estate collective launched during the Pandemic delivers $5.4 Billion in inventory in nine months. When I wrote about REALM’s launch last April the pandemic was hitting the country hard. Julie Faupel, REALM founder and CEO and owner of Jackson Hole Real
The first deputy governor of the Central Bank of Russia (CBR) has been vocal in a recent online meeting, reported by Russia Today (RT), about the topic of digital currencies challenging the SWIFT international payments system and make it redundant. Digital Currencies Could Challenge SWIFT System, Even Replace It According to Olga Skorobogatova, the development
Senator Brown helps a small group of workers protect their pensions. Now is time for pensions for all American workers. UNITED STATES – OCTOBER 16: Sen. Sherrod Brown, D-Ohio, speaks to a member of the United Mine … [+] Workers of America during an event in Dirksen Building with workers and retirees to call on
Municipal bonds were unchanged Monday as the markets resumed trading after the Christmas holiday break. Traders will again see an abbreviated trading week and another long weekend as the New Year’s holiday looms on Friday. Yields on top-rated munis were flat Monday across AAA scales. Muni to U.S. Treasury ratios stood at 75.5% in 10-years
Last week the B.C. Supreme Court announced that it was siding with Teck (NYSE: B-TECK) over the province’s finance ministry in a dispute over tax payments. The dispute was over Teck claiming 50% or 100% of the exploration costs on its mineral tax return claimed from its partnership with Galore Creek Mine. Galore Creek is
And it’s only Monday, with gold & silver benefiting from it all… by J. Johnson via JS Mineset Great and Wonderful Monday Morning Folks, February Gold was trading higher, in fact, it rallied all the way up to $1,904.10 gaining $20.90. Then exactly at 9 pm Est the prices got Shanghai’d, as the brakes
The Chinese government‘s crackdown on Alibaba (BABA) continues. Following the regulators’ suspension of sister fintech company Ant Group’s IPO, the government has now launched an antitrust investigation into alleged monopolistic practices. The probe centers around allegations the company coerces merchants to sign forced exclusivity agreements, thereby stifling competition. As a result, shares of Alibaba have
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