This heavily managed ‘market structure’ is far from equilibrium and extremely prone to instability… by Charles Hugh Smith via Of Two Minds This heavily managed ‘market structure’ is far from equilibrium and extremely prone to instability. The relentless melt-up in stocks offers ample evidence that the market is rock-solid and that any decline is an enormous
Month: February 2021
Pinterest stock gained 11.7% in pre-market trading on Feb. 5 as its 4Q earnings beat Street estimates. The social media company reported 4Q non-GAAP diluted EPS of $0.43, which came in ahead of analysts’ estimates of $0.32. Revenue in the fourth quarter grew by 76% year-on-year to $706 million, beating consensus estimates of $645.6 million.
Wyomissing Restaurant and Bakery Food Specialist Megan Catarious, prepares a crepe at the crepe bar at the Wyomissing Restaurant and Bakery on Penn Ave in Wyomissing, Pennsylvania, January 22, 2021. Ben Hasty | MediaNews Group | Reading Eagle via Getty Images January’s employment picture appears to have improved over December, but how much so depends
by Michael Snyder You don’t have to be a cog in the system. For most of us, the only option that was presented while we were growing up was to get on the hamster wheel and run as fast as we could. You know what I mean – go to school, get a job, pay a
When the coronavirus pandemic began and travel ground to a halt, credit card issuers rushed to offer new and different rewards and perks to match changing consumer spending. Now, American Express has announced another suite of perks for some of its co-branded credit cards. Key Takeaways The new offers have gone out on Delta SkyMiles,
Cleveland Federal Reserve President Loretta Mester said top regulators should be looking at the GameStop trading saga and how it is impacting markets. However, she said the situation isn’t impacting how she approaches monetary policy and doesn’t see the Fed making any adjustments in reaction to the Wall Street uproar. “I don’t think it’s something
A car stolen from a vaccination site in Florida had vials of the coronavirus shot inside, prompting a nationwide alert in search of the vehicle. Police in Plant City, Florida, said the suspect drove off in the 2018 Hyundai Accent on Wednesday. Northern Ireland will give students a one-off cash payment of £500 in compensation
Sharleen Kikunze’s first thought when considering an MBA three years ago was to study in the US. She was working in her home city of Nairobi for Endeavor, a New York-based organisation supporting high-impact entrepreneurship, which had close partnerships with the business schools of Harvard and Stanford universities. Kikunze (pictured above) compiled a shortlist of
An alternative investment manager’s long legal saga has entered a dramatic new stage, with potential ramifications for wealth managers that sold its products. GPB Capital Holdings, founder David Gentile and Jeffry Schneider’s Ascendant Capital — the placement agent that pitched GPB’s products to RIAs and brokerages — face a raft of charges in multiple jurisdictions.
Ethereum and DeFi proponent Ryan Sean Adams has drawn attention to how high gas fees relative to the current Ether price could actually be a bullish sign. Citing this week’s Grayscale research paper ‘Valuing Ethereum’ the Bankless commentator claimed that Ethereum is “actually getting cheaper” from a price to sale ratio aspect. Here’s what’s crazy…
Kenny Kane is the Chief Operating Officer at Firmspace. getty Even with vaccine distribution plans rolling out for high-risk populations around the country in Q1, the year ahead is likely to be spent still working primarily remotely for many professionals. So, it’s time to think about what “work from anywhere” (WFA) really means, and what kind
Getty Images When the state-mandated shutdowns started last March, Skyler Fort, a painting contractor in northern Michigan, turned to his local credit union, 4Front Credit Union, for a PPP loan. Many Americans sought out loans in the past year, and Fort said he chose the credit union over a bank “based on the more personal
Guggenheim Global Chief Investment Officer Scott Minerd has increased his bitcoin fair value estimate. He now says that the price of the cryptocurrency could reach $600K based on his firm’s fundamental research. Guggenheim’s SEC filing to invest half a billion dollars in bitcoin became effective early this week. Guggenheim’s Scott Minerd Says Bitcoin’s Price Could
By Kathleen Doheny, Next Avenue DANVERS, MA – FEBRUARY 1: A man is given his vaccination by pharmacist Joe Borge. Feb. 1, 2021 was … [+] the first day of Phase 2 of the COVID-19 rollout for seniors, 75 and over, seen here vaccinated inside the Walgreens Pharmacy, at 107 High Street, in Danvers, MA.
San Francisco City Attorney Dennis Herrera has sued San Francisco Unified School District and its school board to compel the school district to reopen, charging it hasn’t created an sufficient reopening plan. The school board and the district’s reopening plan is woefully inadequate and doesn’t meet the basic requirements set by the state to offer
TipRanks 2 “Strong Buy” Penny Stocks With Over 200% Upside on the Horizon Let’s talk about risk and the big picture. It’s an appropriate time, as the big risk – presented by the COVID-19 pandemic – is finally receding thanks to the ongoing vaccination program. COVID is leaving behind an economy that was forced into
With property, shares and bond prices looking less attractive – many are wondering what to do with their money… by Simon Popple of the Brookville Capital Intelligence Report With property, shares and bond prices looking less attractive – many are wondering what to do with their money. Let’s first take a look at some major
The rumor mill has long suggested Apple (AAPL) is looking to gain a foothold in the rising EV space. Now its ambitions appear to be coming to fruition. On Wednesday night, CNBC reported that Apple and Hyundai/Kia are inching closer to signing a deal to develop the Apple Car. The company’s planned autonomous electric vehicle
Pedestrians pass in front of Pinterest signage displayed outside of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell: Pinterest — Shares of the image-sharing company were up 8.1% on the back of quarterly earnings that were higher than analysts expected as the
By Chris Black Who is Prof. Dr. Christian Drosten? Prof. Drosten develops the SARS-CoV-2 test and immediately publishes its instructions through the WHO, in breach of his professional obligation to notify Charité Hospital (his employer) of inventions, so that Charité cannot apply for a possible patent. At the same time, however, Prof. Drosten collaborated from
More than 80% of college students today receive financial aid in the form of scholarships, grants, or low-interest loans. Scholarships are one of the most attractive types of aid because they don’t have to be repaid—unlike loans, which eventually do. Here is what you need to know about both need-based and merit scholarships and how
A Starlink user terminal installed on the roof of a building in Canada. SpaceX Boxes containing Starlink kits, with user terminals and Wi-Fi routers. Starlink Starlink is SpaceX’s ambitious project to build an interconnected internet network with thousands of satellites, known in the space industry as a constellation, designed to deliver high-speed internet to consumers anywhere on the
A sell-off in 30-year Treasuries has pushed the US yield curve — which shows the difference between short- and long-term government bond yields — to its steepest level in more than five years. Investors said the development reflected the prospects of a large additional injection of economic stimulus from the Biden administration, along with the
House Democrats have called on former US president Donald Trump to testify under oath for a Senate impeachment trial that will start in earnest next week. Mr Trump was impeached last month in a bipartisan vote in the House of Representatives on a charge of inciting an insurrection in connection with the January 6 siege
As one beleaguered stock after another suddenly soared in January, so too did queries on Google: “How to trade options on Robinhood.” Robinhood Markets’ options-trading platform, barely three years old, is charting a meteoric rise in the COVID-19 pandemic, establishing the firm as the venue of choice for throngs of retail investing enthusiasts. New disclosures
A growing number of options traders are sitting on large unrealized losses following Ethereum’s (ETH) latest price surge, highlighting once again the volatile and unpredictable nature of the cryptocurrency market. Pankaj Balani, the CEO of Delta Exchange, a St. Vincent-based cryptocurrency derivatives platform, tells Cointelegraph that he has observed “a lot of naked call writing
It’s been a dizzying few months for the news cycle. President Joe Biden is officially in. Hedge funds are bleeding thanks to a Reddit sub-group (what is that?) while a global pandemic still rages. Tom Brady, at age 43, is about to play in his 10th Super Bowl in twenty years. Meanwhile, thirty minutes north
Communities are desperate for more affordable housing, but the cost for developers is just too high. Land, labor and materials were pricey before the coronavirus pandemic, and they are even more so now. That is why some creative developers are now turning to hotels – and it appears to be a match made in real
Argo Blockchain said Wednesday that it bought 172.5 bitcoins in the second half of January as part of its asset management strategy. ● In a trading update, the London Stock Exchange-listed bitcoin miner also reported strong revenue growth during the review month, climbing 52% to £2.48 million ($3.37 million) from £1.63 million ($2.21 million) in
Economic Security Planning, Inc. Today’s column addresses questions about what effect years of lower income might have on benefits taken later, when the higher income limit for the earnings test is applied and whether a divorce and subsequent remarriage can satisfy the 10 year marriage requirement. Larry Kotlikoff is a Professor of Economics at Boston
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