Struggling state and local governments need between $100 billion and $350 billion in a relief bill, as lawmakers hash out how to remediate an upcoming $90 billion municipal shortfall. During a House Financial Services Committee hearing Thursday morning, economists and government officials agreed that municipalities need more direct aid, but disagreed on the price. Municipalities
Month: February 2021
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
Gold demand plunged in 2020, but 2021 should be positive for the yellow metal… by Arkadiusz Sieron of Sunshine Profits The World Gold Council recently published two interesting reports. Gold demand plunged in 2020, but 2021 should be positive for the yellow metal. On Thursday (January 28), the WGC published its newest report about gold demand trends: Gold
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 shutdown one year ago while in the midst of a great expansion, boosted
Take a look at some of the biggest movers in the premarket: Canada Goose (GOOS) – Canada Goose shares surged more than 15% in the premarket after the outerwear maker beat estimates on both the top and bottom lines. Results were helped by strong growth in China sales as well as a surge in online
by Guest Author The Misunderstood Dynamics Of Negative Yields I submit to you that there is a difference between “money” and “currency.” What is the purpose of currency? Currency is the medium by which an economy can transmit economic value between its agents and standardize the exchange of unlike items; that is, currency establishes a system that improves
Tesla, Inc. (TSLA) is trading lower by 3% in Thursday’s premarket after missing fourth-quarter 2020 profit estimates by $0.23 per share, earning just $0.80 per share. Revenue rose 44.9% year over year to $10.7 billion, greater than the $10.38-billion consensus estimates. Gross margin fell to 24.1% from 27.7% in the third quarter, while deliveries surged
In this photo illustration, the Robinhood application is displayed on an iPhone on December 17, 2020 in San Anselmo, California. Justin Sullivan | Getty Images Small investors don’t appear to be punishing Robinhood too badly for the controversy surrounding GameStop last week, as the app remains the go-to place for retail clients to trade stocks.
The price of carbon in Europe has soared above €38 a tonne for the first time as traders rush to secure supplies of EU emissions allowances. Prices have risen almost 13 per cent this week, in the sharpest rally since late August, according to Bloomberg data. The gains took place largely on Tuesday and Wednesday
FirstFT is your essential daily email briefing of the world’s top stories from the FT and the best of the rest of the web.Sign Up Now Question 1 of 10 © FT montage; Unsplash; Bloomberg What is the name of the subreddit that has been blamed for the rapid rise in the price of GameStop’s
Wall Street is concerned about the Yellen regulator super-summit, and with good reason, market watchers say. “The Street should be worried,” Jamie Selway, former head of electronic brokerage at ITG and now an investment advisor, told me. “There’s clearly questions about gamification, and whether a lot of these approaches are suitable and inducing unnecessary trading
UBS recruited a team that managed $900 million and generated $4.5 million in annual production. It’s a large get for the wirehouse, which has continued its policy of selectively hiring advisors catering to ultrahigh-net-worth and high-net-worth clients. The team, which includes advisors Brian Corley and Dan Grover, joined UBS from First Republic in Walnut Creek,
Bitcoin (BTC) is likely to hit $60,000 in 2021 amid the growing mainstream adoption, according to an analyst at major financial publication Investing.com. Jesse Cohen, a senior financial analyst at Investing.com, predicted that Bitcoin will likely reach a $60,000 level in the first half of 2021. According to Cohen, Bitcoin’s growth in 2021 will be
Aaron Galvin is the CEO & Founder of Luxury Living Chicago Realty, a multifamily consulting, marketing, branding and strategy brokerage. getty For those who love sales, apartment leasing is a great career with minimal barriers to entry — you just need a leasing certificate. And for those who have been in the real estate industry, who
According to a report, the South African Revenue Service (SARS) has sent out audit requests to taxpayers asking them to disclose their cryptocurrency trades and purchases. Taxpayers that fail to correctly disclose their income from bitcoin or other cryptocurrencies may be “liable to a fine or imprisonment for up to two years.” SARS Tracking Non-Compliant
All eyes were on the primary Wednesday as several large New York negotiated deals and competitive sales came to market with demand there keeping secondary traders on the sidelines. U.S. Treasuries lost ground and equities gained on better private-sector payrolls numbers and Democrats giving a nod toward moving on stimulus with or without Republican sign-on.
* Asian shares drop after 3-day gains, China liquidity a concern * European stocks seen steady to softer * U.S. bond yields jump on expectations of big govt borrowing * Volatility index falls to regular levels * Oil at 1-year high on OPEC+ production cut, U.S. inventories By Hideyuki Sano TOKYO, Feb 4 (Reuters) –
We live in the era of “too big to fail” (TBTF), when market freedom means nothing and preserving the portfolios of powerful… by Ryan McMaken of Mises Institute Last week, a large number of small-time investors drove up the price of GameStop’s (GME) stock a historic 1,784 percent. But this was no mere spike in some obscure stock. The
Ford released its January retail sales results yesterday, showing that it has beaten the overall industry by four percent. Special Utility Vehicles (SUVs) were the best performers as sales of Ford SUVs grew 8.7% compared to Jan. 2020, giving them their best-ever January start. Andrew Frick, vice president of Ford (F) Sales in U.S. and
The PayPal application can be seen on a mobile phone. Felix Kästle | picture alliance | Getty Images Check out the companies making headlines after the bell: eBay — Shares of the online marketplace rose 8.5% in after-hours trading after the company reported fourth-quarter earnings and revenues that topped analysts’ expectations. eBay posted adjusted per-share
by Michael Snyder Even though the number of new COVID cases in the United States has been dropping precipitously, a strict new federal mask mandate is being implemented from coast to coast, and it will be enforced by the TSA and other law enforcement authorities. If you use public transportation without wearing a mask, the
The day-trading frenzy that took over the investing world in the past week has dealt a slight blow to the trustworthiness of the stock market, but has yet to deter investors from staying the course, and in some cases, taking on some risk. Those are the findings of a recent survey of Investopedia’s daily newsletter
SpaceX vice president of build and flight reliability Hans Koenigsmann (left), former NASA director of human spaceflight William “Bill” Gerstenmaier (right). Source: NASA SpaceX vice president of build and flight reliability Hans Koenigsmann is retiring, CNBC has learned, and has begun transitioning his role to William “Bill” Gerstenmaier, the former NASA official that joined the
Jude Webber in Mexico City In a blow for Mexico’s nationalist energy policy, the Supreme Court on Wednesday threw out a partial government attempt to rewrite electricity sector rules that it had argued were vital in times of Covid-19, saying it was an attempt to give “undue advantage” to state utility CFE. The government had
The EU and the UK are set to open in-depth competition investigations into Nvidia’s $40bn acquisition of the UK chip designer Arm, after rivals called for the deal to be blocked. Officials and advisers in both Brussels and the UK said that serious scrutiny of the deal was warranted, given the growing importance of Arm’s
Long-term gains of the fund industry’s top-performing sectors show why portfolio diversity is mission critical. Home to a combined $9.99 trillion in combined assets, the 20 fund categories with the biggest returns of the past 10 years generated an average gain of less than 12%, undershooting some of the industry’s largest index trackers, Morningstar Direct
Alameda Research and FTX exchange founder Sam Bankman-Fried has amassed a fortune, mostly via crypto assets over the past few years according to New York Magazine. SBF, as he is known in crypto circles, spoke to the publication about his journey into the crypto industry since 2018. During the interview he estimated his own net
In our pandemic environment, prices in Manhattan have fallen to their lowest levels in almost a … [+] decade. This fact disturbs the members of the Boards of Directors of many of the city’s co-operative apartment corporations, who want values in their buildings maintained. getty When is the price of your home not the actual
If you find yourself in need of funds to support a new addition to your family, your 401(k) plan … [+] might be able to help. getty Welcoming a new child to your family is an exciting time. However, if money is tight or your income has declined due to the pandemic, what should be
Puerto Rico Gov. Pedro Pierluisi proposed a General Fund budget for the coming fiscal year with 6.6% more spending than the current budget. On Wednesday Pierluisi said he would seek a $10.713 billion General Fund budget for fiscal year 2022, which starts July 1. By comparison, the Puerto Rico Oversight Board-approved General Fund budget for
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