Month: January 2021

(Kitco News) Even after breaching $30,000, bitcoin’s price peak is still miles away, according to JPMorgan, which does not rule out an advance to $146,000 in the long-term as the cryptocurrency competes with gold. “Considering how big the financial investment into gold is, a crowding out of gold as an ‘alternative’ currency implies big upside
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Alibaba has put an end to its ambitions of breaking into China’s entertainment industry and will be shutting down its Xiami Music app on February 5, according to CNN Business. Alibaba (BABA) bought Xiami in 2013, hoping to establish itself as a leader in China’s music and entertainment market, however, CNN Business has reported that
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If you’re facing retirement and are short of the funds you need, consider investing in real estate. True, it’s not the asset that first comes to mind. But income property “can be an important bridge to retirement for those without quite enough to retire in the traditional sense,” says Jeff Camarda, a real estate investor
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SVB Financial Group in Santa Clara, Calif., has agreed to buy Boston Private Financial Holdings in Boston. The $96.9 billion SVB said in a press release Monday that it will pay $900 million in cash and stock for the $9.4 billion-asset Boston Private. The deal, which is expected to close in mid-2021, priced Boston Private
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Today, cryptocurrency data aggregators are tasked with being the first point-of-contact for newbies entering the space and also providing up-to-date information to experienced users. While the COVID-19 pandemic has caused a global economic downturn, the crypto industry is booming. Previously skeptical investors have started to test the waters, and data providers are dying to make
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Wellness design incorporates the use of non-toxic furnishings and finishes. Pure Upholstery, division of the Organic Mattress, Inc. // Wellness by Design (Tiller Press, 2020) (c) J. Gold Wellness design has risen to top of mind for many professionals in the health, longevity, building and architectural fields with the Covid-19 pandemic surging around the world.
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People walk through the Brookfield Place Pavilion at the World Trade Center West Concourse pedestrian transit connection in New York City. Getty Images Brookfield Asset Management said Monday it has made an offer to take its commercial real estate arm Brookfield Property Partners private in a $5.9 billion deal. The Canadian asset-management firm is offering
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The publicly listed ASIC mining rig manufacturer, Canaan, has announced the launch of a new submerged liquid-cooled bitcoin miner called the Avalonminer A1066I. Canaan claims the new immersion cooling miner is noiseless and capable of significant overclocking, as the miner’s cooling system increases power efficiency by 78%. The China-based and Nasdaq-listed bitcoin mining rig manufacturer,
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getty Social Security is an important source of income for most U.S. retirees. On average it accounts for almost 40% of retirement income. Social Security becomes more important the longer a person is retired, often accounting for 50% or more of income for older retirees. Yet, many retirees make decisions that cost them additional lifetime
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Alteryx shares were down about 9% on Monday after the analytic automation process company lowered its annual recurring revenue or ARR guidance for 2020. The news overshadowed the company’s improved outlook for total revenue. The company now expects 2020 ARR between $492 million-$495 million, reflecting an increase of 32%-33% year-over-year. Alteryx (AYX) had previously predicted
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by Charles Hugh-Smith One of the dishes at the banquet of consequences that will surprise a great many revelers is the systemic failure of the Federal Reserve’s one-size-fits-all “solution” to every spot of bother: print another trillion dollars and give it to rapacious financiers and corporations. Though 2020 is widely perceived as “the worst year
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Major U.S crypto firms are rallying against FinCEN’s proposed regulations that would force businesses operating with crypto to gather information on the identities of non-customer counterparties. A Jan. 4 letter from Jack Dorsey, CEO of financial services firm Square takes aim at the proposal for seeking to impose reporting obligations that go “far beyond what
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