Check out the companies making headlines before the bell: Alibaba – The China e-commerce giant saw its shares plunge for the second straight session overnight to their lowest level since June. Alibaba announced it was increasing its share buyback program to $10 billion from $6 billion, but the move failed to ease concerns about a
Month: December 2020
As I travel the country and spend time with advisors, partners, and industry colleagues, there is a lot of dialogue about how fintech is disrupting wealth management and how the advisor industry is evolving. All the chatter about evolution got me thinking about lessons from Charles Darwin, the famous naturalist who taught us that it
A prominent Saudi women’s rights activist has been sentenced to nearly six years in prison by an anti-terrorism court in a high-profile case that has drawn widespread international criticism and intensified scrutiny on the kingdom’s human rights record. Loujain al-Hathloul, who campaigned for the right for women to drive, was charged with incitement to change
Eurosceptic Tory MPs in the influential European Research Group are poised to give their seal of approval to the EU-UK trade deal within hours, in a fresh boost for prime minister Boris Johnson. EU ambassadors in Brussels on Monday gave the green light for the trade agreement to come into provisional force from January 1
Things were very different when I started in this industry in 1981. Mortgage rates were 17% and money markets were paying 20%. I’ve experienced the single-day crash of 1987, the tech bubble of 2000-2002, the great recession of 2008-2009 and, obviously, the most recent COVID-19 bear market which preceded the fastest market recovery in history.
Crypto exchange OKCoin announced it would delist XRP following the news that the U.S. Securities and Exchange Commission would be pursuing legal action against Ripple. In a blog post released today, OKCoin said its “best course of action” in response to the recent SEC lawsuit would be to suspend trading and deposits of XRP. The exchange wrote
President & Co-Founder of Ellicott Realty Group, overseeing the company’s portfolio: Ellicott Realty, Ellicott Financial, & MacKenzie Hall. getty Early in the pandemic, many of my clients who lived in the city asked for my thoughts about their condominiums — specifically, their future value and the next move. At the time, I noticed two things that
Singapore-based crypto bank Vauld is working hard to elevate crypto to the status of a separate, viable asset class. It combines the functionality of an exchange with all the essential offerings of a bank, except it’s for cryptocurrencies. Vauld Raises $2 Million The Vauld team just raised USD 2 million from Pantera, Coinbase Ventures, and
getty The Economic Impact Payments, or stimulus checks as they’ve come to be known as, were one of the most hotly debated aspects of the COVID-19 relief package Congress agreed to earlier this week. When the CARES Act was passed back in March, qualifying individuals received $1,200 checks. That amount is down to $600 under
Sheila Patel, chairman of Goldman Sachs Group Inc.’s asset-management unit, is leaving the $1.8 trillion division after almost two decades at the firm. Patel, 51, is among the company’s most senior women and shepherded some of Goldman’s highest-profile relationships with investors around the world. She will step down from the partnership and become an advisory
I previously wrote that the USDX was repeating its 2017 – 2018 decline to some extent. The starting points of the declines (horizontal red line) as well as the final high of the biggest correction are quite similar. The difference is that the recent correction was smaller than it was in 2017. Since back in
It encouraged them to usher in a code-red lifestyle where there will be no ‘return to normal’ in the foreseeable future… by Robert Bridge via Strategic Culture Foundation Once it became clear to the Western elite that their subjects would readily accept draconian anti-Covid measures, it encouraged them to usher in a code-red lifestyle where
United Therapeutics Corporation has announced that it has agreed to buy a Priority Review Voucher (PRV) for $105 million, which it plans to use with an application to get a new drug approved by the U.S. Food and Drug Administration (FDA). The PRV allows United Therapeutics to receive an expedited eight-month review of the new
Nikola Corporation rang the Nasdaq Closing Bell remotely from across the world. Source: The Nasdaq Check out the companies making headlines midday on Monday: Nikola — Shares of the electric-vehicle maker rose nearly 6% after a JPMorgan analyst said he sees a “less drama-filled” news flow for the company in 2021. “We expect Nikola to
by Sunshine Profits After awakening from its slumber last week, the USD Index may be in the early innings of a short-term breakout. Bursting with energy, the dollar basket closed (on Dec. 22) above its declining resistance line (although more data is needed to confirm a larger move). And to quote Francis Bacon, because “we rise
While borrowing from your life insurance policy can be a quick and easy way to get cash in hand when you need it, there are a few specifics to know before borrowing. Most important, you can only borrow against a permanent or whole life insurance policy. Term life insurance, a cheaper and suitable option for many people, does
Nothing, it seems, can get in the way of geopolitical rivalry. Not a pandemic, not the collapse of international travel or a worldwide recession. In different ways China, the US and the EU have all treated Covid-19 as a very public test of their rival approaches to governance — and as part of an international
Global equities markets rose on Monday, with German stocks reaching a new record peak, after US president Donald Trump belatedly agreed to sign a bill to inject $900bn of stimulus into the world’s largest economy. Germany’s Dax climbed 1.5 per cent, leaving it above the record high it recorded in February, before the pandemic triggered
Crypto exchange giant Binance is set to expand its cryptocurrency trading catalog with the launch of a European-style Bitcoin (BTC) options contract. Announced on Dec. 28, the launch follows a successful testnet trial carried out back in November. The press statement also revealed that the new options contract will be priced and settled in Tether
Ari Rastegar is CEO of Rastegar Property Company, a vertically integrated real estate company with a focus on value-oriented real estate. getty On ballots across the country, citizens were voting on more than just which politicians to elect. This election season, many municipalities were deciding whether to improve or expand their public transportation offerings. This may
PRESS RELEASE. CoinDeal is pleased to announce that it is now the first publicly known company to have obtained a Class 4 Virtual Financial Assets License in Principle Approval from the Malta Financial Services Authority (MFSA). The exchange received the letter on 16 December, 2020. This allows CoinDeal to provide the following VFA services to
How a reverse mortgage can be part of an integrated retirement plan getty The practice, almost without exception, is to deliver HECMs as a stand-alone. HECM reverse mortgage lenders are barred by HUD rule from delivering HECMs in conjunction with any other financial instrument. And every annuity provider we have queried has an internal rule
Silver price rallied upwards strongly by today’s open to reach few pips away from our waited target at 26.88, to keep the bullish trend scenario valid and active on the intraday and short term basis, waiting to breach the mentioned level to open the way to achieve extended gains that reach 27.65. The EMA50 continues
Who can blame people who disbelieve gold? When the media talks about gold it is normally in a disparaging way. They will start with the… by Egon von Greyerz of Gold Switzerland Most people are familiar with the Aesop fable “CRY WOLF” about the little boy who falsely called out Cry Wolf too often to his villagers
E-commerce giant Alibaba Group announced that its board of directors has authorized an increase in the company’s share repurchase program to $10 billion from $6 billion. Alibaba’s (BABA) upsized share repurchase program will be effective for a two-year period through the end of 2022. The company commenced the execution of its share repurchase program in
It is crucial to build a basic understanding of tax laws prior to trading options. In this article, we will examine how calls and puts are taxed in the United States. Namely, we will look at calls and puts that are exercised, as well as options that are traded on their own. We will also
Shares in Alibaba, the ecommerce group founded by Jack Ma, fell sharply after Beijing publicly accused its payments arm of regulatory failings in its latest salvo against one of China’s richest men. The comments by Pan Gongsheng, vice governor of the People’s Bank of China, were published on the central bank’s website on Sunday and
As the deadline for the end of the Brexit transition period looms closer, news broadcasters in the UK keep turning to one particular song. The name of the band playing it is pertinent, its opening lyrics feel diplomatic (“We’re leaving together/but still it’s farewell”), but its stadium-sized intro also crackles with ominous dread. The song
While wild price action on Bitcoin and Ethereum have claimed the attention of most traders over the Christmas weekend, a select sect of crypto traders are following an experiment playing out in real-time that may have implications for the future of stablecoins: the fate of Dynamic Set Dollar. Dynamic Set Dollar and its DSD token
Shark Tank star Kevin O’Leary, also known as Mr. Wonderful, has warned about regulators coming down hard on bitcoin. In addition, he says that “even if bitcoin were to go up another 2,000%, it’s completely irrelevant to institutional clients.” Kevin O’Leary Warns of Brutal Bitcoin Regulation, Says Bitcoin Is Not an Institutional Product Canadian investor
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