The U.S. dollar’s dominant position as the reserve currency of choice may be in peril, as its share of global currencies held in reserves continues to decline. International Monetary Fund (IMF) data shows, the dollar’s share of reserves dropped from 66% in Q3 of 2014 to just above 60% in Q3 of 2020. This means
Month: January 2021
By Richard Eisenberg, Next Avenue Editor getty You might not think there’d be much difference between the way members of Generation X (who are 40 to 55) and boomers (56 to 74) feel about money, since they’re age-adjacent. But truth is, survey after survey is showing that Gen Xers are far more financially fragile and
Municipal bonds were little changed Monday as the market opened the first day of the 2021 on a subdued note. Yields on top-rated munis were unchanged on AAA scales while muni to Treasury ratios remained low. The muni to Treasury ratio stood at 77.8% in 10 years and 84.1% in 30 years, according to Refinitiv
TipRanks 3 “Strong Buy” Stocks Set for Monster Growth in 2021 We’ve turned a new page on the calendar, Old Man ’20 is out the door, and there’s a feeling ‘21 is gonna be a good year – and so far, so good. The markets closed out 2020 with modest session gains to cap off
Short-term overbought conditions can stay overbought for a considerable period of time… by Gary Savage of Smart Money Tracker Gold Update: Recognition Day In Progress Click on the link below to subscribe to the nightly SMT newsletter (then click on the orange sign up today link): SMART MONEY TRACKER [embedded content]
2021 here we come. A new U.S. president and administration on the way, and one deemed favorable to the cannabis industry. Joe Biden’s November election win was well received by investors of the struggling Canadian LPs, with several names rallying following the results. The specter of legislation at the federal level and the market opening
Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Liesa Johannssen-Koppitz | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Quantumscape — Shares of the battery company slid more than 37% as investors
by Michael Snyder The restaurant industry is in the midst of a complete and total meltdown that is unlike anything that we have ever seen before. If you ask Google how many restaurants there are in the United States, it will tell you that there are 660,755, although that number is a few years old.
A majority of Americans pay someone else to prepare their tax returns. But increasing numbers are turning to tax software and doing their taxes themselves. Which option will be best for you depends on your situation. Here are some of the factors to consider. Key Takeaways Tax software has made it easier for people to
Jeff Bezos, Warren Buffett and Jamie Dimon. CNBC Haven, the joint venture formed by three of America’s most powerful companies to lower costs and improve outcomes in health care, is disbanding after three years, CNBC has learned exclusively. The company began informing employees Monday that it will shut down by the end of next month,
Donald Trump has attacked Republicans who plan to certify Joe Biden’s election as US president as members of a “surrender caucus”, deepening the intraparty split over the looming transfer of power in Washington. In a series of tweets on Monday morning, the outgoing US president pressured lawmakers from his own party to join his attempt
I’m rather confused about the government’s priority list for the roll out of the BioNTech/Pfizer vaccine (“Experts raise doubts about 12-week gap between Covid jabs”, Report, January 2). Under the scheme, the first to be inoculated are the over-80s, the most vulnerable care home residents and social care workers. This makes perfect sense: immunise the
As private equity firms inject capital across wealth management, one of the largest consolidators kicked off the year with a record-breaking RIA acquisition agreement. In its largest deal ever, Hightower is buying Bel Air Investment Advisors — a Los Angeles-based ultrahigh-net-worth practice with more than $8 billion in assets under management — from a Canadian
Monday evening, the Treasury’s Office of the Comptroller of the Currency told national banks that they are allowed to run independent nodes for distributed ledger networks. Referring to of independent node verification networks, the OCC’s interpretive letter says that banks “may use new technologies, including INVNs and related stablecoins, to perform bank-permissible functions, such as
Markets are roiling thanks to Covid-19, with no sign of the turbulence halting in 2021. If you own an office building, coworking space or hotel chain—well, best of luck. But if you’re trying to sell your home, now may be the best of times. To take stock of these messy times, Forbes spoke with Eric
Republican Sens. Kelly Loeffler and David Perdue, facing tight runoff elections Tuesday in Georgia, have received a late surge of donations from the real estate and financial industries. Their Democratic challengers, Raphael Warnock and Jon Ossoff, respectively, have otherwise enjoyed a fundraising edge in the races, which will determine whether Democrats or the GOP will
On Monday, a British judge rejected the U.S. request to extradite the Australian editor, publisher, and activist Julian Assange. Following the U.K. judge’s decision, the current president of Mexico, Andres Manuel Lopez Obrador, has offered Assange political asylum in the country. Meanwhile, Wikileaks has gathered hundreds of thousands of dollars in crypto-asset donations since the
getty Test your hand to see how well you know the December COVID-19 stimulus package. Tis’ the season for economic relief! It looks like Congress was in the giving spirit as they delivered a much needed COVID Stimulus package just in time for the New Year. It took a few months of negotiations but there
The Colorado Housing Finance Authority will price $125 million of bonds in its first deal to bear an outside “social bond” opinion. The agency will price $82 million of fixed-rate bonds on Wednesday and $43 million on Jan. 20, with closing on Jan. 22. The bonds are issued in three series and include taxable tranches
Silver markets have rallied significantly during the trading session on Monday to kick off the year. This continues more downward pressure for the US dollar, and that of course helps silver in general. That being said, I do not have any interest in shorting silver and believe that we are going to continue to see
The disastrous response to Covid is just the latest example of how those who give up liberty for safety or health will end up unfree, unsafe, and… by Ron Paul of Ron Paul Institute for Peace and Prosperity World Economic Forum Founder and Executive Chairman Klaus Schwab has proposed using the overreaction to coronavirus to
2021 has kicked off in earnest and most would like to forget 2020 as quickly as possible. However, Nio (NIO) investors might disagree, and it’s fair to say most would like a repeat of last year’s market performance. In 2020, a year bearing no semblance to normality, Nio shares skyrocketed by an abnormal 1,112%, as
Voters stand in line to cast their ballots during the first day of early voting in the US Senate runoff at the Gwinnett Fairgrounds, December 14, 2020, in Atlanta, Georgia. Tami Chappell | AFP | Getty Images Apprehension about Georgia’s Senate runoff election Tuesday helped fuel a sharp New Year’s selloff, and politics could continue
by mjwfour These infographics are specifically to inform those who don’t know the specifics of the election fraud. There are lots of people who know there was something fishy about the election, but are unaware of the specifics due to censorship. These infographics are made for these kinds of people. The more people who become
Making mistakes on your tax return can cost you money. You may miss out on a larger refund than you claimed, wind up owing more taxes—plus interest and penalties—or invite an Internal Revenue Service (IRS) audit. The best defense against these results is a good offense, namely avoiding errors on your return. Key Takeaways Make
A Kia Motors Corp. sports utility vehicle (SUV) delivers the “2021” New Year’s Eve numerals during a coast-to-coast tour in the Times Square neighborhood of New York, U.S., on Monday, Dec. 21, 2020. Michael Nagle | Bloomberg | Getty Images So many questions swirl as the calendar turns — including what year has just started.
Brookfield Asset Management has made an offer to take private its real estate arm Brookfield Property Partners, one of America’s biggest mall operators, in a $5.9bn deal. The Canadian investment group has offered $16.50 in cash for every share in the property arm it does not own, indicating a near 15 per cent premium on
Greeniums — higher prices for environmentally friendly investments — are driven by investor demand. That was not the case when the UK government launched its Green Investment Bank in 2012. Five years later the bank’s portfolio, which included stakes in offshore wind projects, was sold for £2.3bn to a consortium led by Australia’s Macquarie. Macquarie
Private collection agencies that have contracted with the Internal Revenue Service to collect overdue tax debts have collected nearly $500 million since 2017, according to a new report, but that’s just a fraction of the over $30 billion owed. The report, from the Treasury Inspector General for Tax Administration, found that as of May 14,
Leading crypto fund manager Bitwise Asset Management reached a major milestone in the fourth quarter, as inflows into its products surged to new record highs, underscoring heightened institutional demand for digital assets. The firm’s assets under management, or AUM, surpassed $500 million, according to a Monday press release. That’s a considerable increase from the $100
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