Different types of companies may enter into futures contracts for different purposes. The most common reason is to hedge against a certain type of risk. Companies may also trade futures for speculative purposes. Hedging Companies may use futures contracts to hedge their exposure to certain types of risk. For example, an oil production company may
Month: February 2021
The US has appealed against a court decision declaring a moratorium on evictions unlawful, the justice department said at the weekend. Brian Boynton, acting assistant US attorney general for the civil division, said the department disagrees with the February 25 decision by a Texas district court that the Centers for Disease Control and Prevention’s eviction
Six people in the UK have been infected with a strain of coronavirus linked to a surge in cases in Brazil, including one person whom the British authorities have not yet been able to trace. Revealing the Brazil variant has been found in the UK for the first time, Public Health England said on Sunday
Thasunda Brown Duckett, who helped build JPMorgan Chase’s retail banking network, will take over at TIAA, the companies said Thursday, joining the asset manager at time when its rivals are scaling up to survive. Duckett, 47, will become chief executive and president of TIAA on May 1, succeeding Roger Ferguson Jr. — who had previously
Bitcoin (BTC) price has been correcting in the past few days and traders are curious to know whether this is a minor pullback or the start of a deeper decline. The problem is that no one has a crystal ball and analysts can only point to critical support levels that may hold based on historical data
Is your living room this perfect? NativeHouse Photography/Lisa Gilmore Design When decorating your living room, it can be a challenge to get everything just right. After all, designing a space is really about balancing creativity and practicality, especially when there are so many choices. The problem is that it’s so easy to make the wrong
Asset management firm Stone Ridge has filed with the U.S. Securities and Exchange Commission (SEC) for its open-end mutual fund to invest in bitcoin. “This is a big deal. Stone Ridge filing opens the door for every mutual fund to add bitcoin,” said a fellow asset manager. Stone Ridge Wants Its Mutual Fund to Invest
When it comes to retirement income planning, taxes are an important but often overlooked factor. Pre-retirees tend to assume their tax bracket will decrease after they leave the workforce and don’t realize they could lose 25%–30% or more of their retirement income to taxes. Having a lower marginal tax bracket in retirement used to be
Oregon posted a turnaround revenue forecast this week that could make the state’s residents eligible for a “kicker” refund. If the state stays on the positive trend, it could mean a $570.5 million kicker, the unique payment under Oregon law that returns some personal income tax collections back to residents if the state’s revenue comes
The global stock markets weakened last week, Wall Street’s three main indexes closed sharply lower, and the risk aversion will likely prevail the next trading week. The crude oil price fell on Friday as the U.S. dollar rose, but it continues to trade above $60 support. The Organization of the Petroleum Exporting Countries (OPEC) and
Want more money? Who doesn’t, right? Financial Samurai interviewed by Adam Taggart on Peak Prosperity Want more money? Who doesn’t, right? Though that may not be truly what you really want. What most of actually crave is financial freedom. To enjoy a lifestyle free from money worries and that funds our needs and wants. Sam
Last week, the NASDAQ slipped below 13,200, making the net loss from its all-time peak, reached earlier this month, 6.4%. If this trend keeps up, the index will slip into correction territory, a loss of 10% from its peak. So what exactly is going on? At bottom, it’s mixed signals. The COVID-19 pandemic is starting
by Mike Shedlock Personal income jumped a whopping 10% in January on another round of free money. With another round of $895 billion coming soon, spending will surge as more stimulus money floods the system. Personal Income Jumps 10% In January The Bea’s Personal Income and Outlays Report for January 2021 notes that personal income increased $1,954.7
A health flexible savings account, or health FSA, is an account that you contribute money to where the funds are dedicated to medical expenses, such as deductibles and copays. In 2021, you can contribute up to $2,750 to your health FSA, but that money must be spent during the plan year. A grace period and a run-out period are
Few inside or outside Iraq had heard of the “Guardians of the Blood” before the militants claimed responsibility for firing a rocket barrage on the northern city of Erbil that targeted an Iraqi base hosting US troops. The attack, which two weeks ago killed a civilian contractor and wounded an American soldier, provoked President Joe
The UK will launch its first sovereign green savings bonds, offering retail investors the chance to buy into projects dedicated to greening the economy, such as renewable energy schemes, in its budget this week. A savings bond of an as-yet undetermined size and structure will be offered this year through National Savings & Investments, the
The lack of coordination and coherent policy on China has sent mixed signals and confusion to American investors investing in Chinese companies listed on the NYSE. Collectively, this represents over $1 trillion worth of shares trading in the US. In an unprecedented move, on Dec 31 the NYSE announced it would delist several Chinese companies.
A long-standing legal drama finally found resolution on Feb. 23, with the New York Attorney General’s office announcing that it had come to a settlement with cryptocurrency exchange Bitfinex after a 22-month inquiry into whether the company had been trying to cover up its losses — touted to be worth $850 million — by misrepresenting
Signature Kitchen Suites’ convertible refrigerator drawers showed up on multiple favorite KBIS new … [+] release lists. Signature Kitchen Suites The annual Kitchen & Bath Industry Show, the largest event for these two important home spaces, took place entirely online for the first time ever. That was not without its issues; while the educational sessions got
Recently, Messari Crypto Researcher, Mira Christanto published a report that looks into Asia’s cryptocurrency landscape in-depth, as 60% of the world’s population resides in the region. Christanto’s study shows that six out of the top ten largest cryptocurrency unicorns are located in Asia. Moreover, 98% of ethereum-based futures and 94% of bitcoin futures volumes stem
NEW YORK, USA – JANUARY 18: Thomas DiNapoli, New York State Comptroller speaks during Martin Luther … [+] King Day celebration at National Action Network headquarters, in New York, United States on January 18, 2021. (Photo by Lev Radin/Anadolu Agency via Getty Images) Anadolu Agency via Getty Images In late January, the Washington Post reported:
Northeast municipal issuers sold $129.99 billion of debt last year, a 14.7% increase from 2019 as states, cities and agencies scrambled amid the COVID-19 disruption. Taxable deals and refinancings helped fuel the spike. Nationally, par amount totaled $483.6 billion, up 13.4% from the previous year, according to data from Refinitiv. “Issuance was really driven by
Mainstay of the resource sector, Rick Rule, is stepping back. In a press release from yesterday, Sprott announced Rick Rule will retire his senior managing director role at Sprott Inc.; President & CEO, Sprott U.S. Holdings. Rule will continue to serve as a director at Sprott and will play “…an ongoing role in the management
We may have started a “capital shift” process in mid-February where declining Bonds, rising yields and the declining US Dollar push traders to… by Chris Vermeulen of The Technical Traders Falling Bonds and rising yields are creating a condition in the global markets where capital is shifting away from Technology, Communication Services and Discretionary stocks
Shares of DraftKings rose 6.4% on Feb. 26 as the online sports betting and gaming company’s fourth-quarter results came in better than analysts’ estimates. The company’s revenues shot up by 146% year-on-year to $322 million beating consensus estimates of $232.6 million. Accounting for the pro-forma impact to the combination with SBTech (Global) Ltd. and Diamond
The industrial sector includes companies that produce machinery, equipment, and supplies that are used in construction and manufacturing, as well as those that provide related services. These companies are closely tied to the economy, and their business volume often falls sharply during recessions, though each industrial subsector often performs differently. Well-known companies include Lockheed Martin
Cryptocurrency exchange Coinbase on Thursday filed to become a public company and revealed that its revenue more than doubled last year. According to the filing, Coinbase had net revenue of $1.14 billion in 2020, up from $483 million the previous year. The company also reported net income of $322 million for the year after posting
Whenever I check my emails, a number appears in the top right-hand corner of my computer screen that used to fill me with a horrible sense of despair. It shows how many emails are in my inbox and as I type, I can see there are many thousands of them. Another number on the top
It was a Covid-19 vaccine scandal that graft-weary Lebanon was braced for — yet its brazenness struck a nerve. In the second week of a national vaccine rollout, 16 lawmakers and a handful of staffers were inoculated with the BioNTech/Pfizer jab at the Lebanese parliament; days earlier, president Michel Aoun, his wife and 10 members
In hockey, it’s the equivalent of moving the red line. Two years ago, the Pittsburgh Penguins, along with Pennsylvania officials and a union leader, lobbied Donald Trump’s administration to expand an area earmarked for tax incentives so it would include the site where the hockey team is embarking on a $1 billion development project. The
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