Texas sales tax revenue topped $3 billion in January but fell just shy of the total collected one year earlier. At $3.07 billion, the January collections were 0.3% below those of January 2020, the last time monthly revenues exceeded $3 billion. The majority of January sales tax revenue is based on sales made in December
Month: February 2021
TipRanks 3 ‘Strong Buy’ Stocks With 8% Dividend Yield Let’s talk portfolio defense. After last week’s social flash mob market manipulation, that’s a topic that should not be ignored. Now, this is not to say that the markets are collapsing. After 2% losses to close out last week’s Friday session, this week’s trading kicked off
One of the most striking trends to emerge in 2020 was the shocking acceleration in the decoupling between the real economy and… by Claudio Grass via Claudiograss.ch Interview with Karim Taleb Part I of II: A lot has been said and written about the impact of the Covid crisis on the global economy and on
Shares of Albemarle dropped 2.8% in Tuesday’s extended market trading session after the global producer of lithium announced the launch of a $1.3 billion stock sale to fund its growth expansion plans and pay down debt. Specifically, Albemarle (ALB) disclosed that the sale proceeds will be used to fund the construction and expansion of its
A medical worker wearing a mask walks near the AMC movie theater in Times Square amid the coronavirus pandemic on May 7, 2020 in New York City. Alexi Rosenfeld | Getty Images Check out the companies making headlines in midday trading. GameStop —Shares of the video game retailer swooned more than 50% in midday trading
by DCG Remember, The System protects their own. From NY Post: “Democrats who control the state Senate blocked a motion Monday to subpoena records of the Cuomo administration seeking a fuller accounting of nursing home residents who died from the coronavirus. The motion was made by Sen. Thomas O’Mara, the ranking Republican on the Investigations Committee
Silver is valued both as an industrial metal and as a precious metal. It is used in jewellery, electronics, and photography. Many investors use it as a safe haven in times of economic turmoil and sometimes as a hedge against inflation. Silver mining companies are engaged in the acquisition, exploration, development, and production of mineral
An epic battle is unfolding on Wall Street, with a cast of characters clashing over the fate of GameStop, a struggling chain of video game retail stores. The conflict has sent GameStop on a stomach-churning ride with amateur investors taking on the financial establishment in the mindset of the Occupy Wall Street movement launched a
Alibaba will raise up to $5bn from international debt markets this week, in what is set to be one of China’s biggest dollar bond sales, even as regulators pursue the technology group for alleged anti-competitive practices. The Chinese ecommerce group, which was founded by billionaire entrepreneur Jack Ma, announced the bond sale one month after
Peter Wells in New York California’s coronavirus hospitalisations fell below 15,000 for the first time since mid-December and are projected to drop by more than half over the next month. The number of people currently in California hospitals dropped to 14,999, according to data reported by the state health department on Tuesday. It was the
Stifel Financial recruited a mega-team from Merrill Lynch, spurring on the firm’s recruiting efforts aimed primarily at wirehouse advisors. The new hires oversaw $1.35 billion in client assets at their former employer, according to the firm. The group includes Robert DeBeer, his son Stephen, Russel May and Blake Hanna. Stifel CEO Ron Kruszewski and co-President
Leading global business intelligence firm MicroStrategy is hosting an online seminar this week to explain the legal considerations for firms seeking to integrate Bitcoin into their businesses and reserves. A Feb. 3 tweet from MicroStrategy CEO, Michael Saylor, said that representatives of more than 1,400 firms have already signed up for the event — which
Eric Wu, cofounder and CEO of Opendoor, pictured in 2018. (Photographer: David Paul Morris/Bloomberg) © 2018 Bloomberg Finance LP Barely a month after going public as part of the SPAC boom, Opendoor is raising money once again. On Tuesday, the company announced that it plans to sell another 24 million shares of common stock—worth approximately
One River Asset Management’s CEO says his firm now holds bitcoin worth “well over” $1 billion. He revealed that the institutional interest in bitcoin is “astounding,” noting that almost all major institutions in the U.S. are having discussions about the cryptocurrency. He believes that bitcoin will be worth more than gold, placing its value at
By Chris Farrell, Next Avenue SAN MATEO, CALIFORNIA – AUGUST 19: A firefighter tries to put out the wildfire on August 19, 2020 in … [+] San Mateo, California. (Photo by Liu Guanguan/China News Service via Getty Images) China News Service via Getty Images Do you get the sense that disasters like blizzards, hurricanes, wildfires,
In a move to expand its public finance reach nationally, Raymond James has hired veteran municipal banker Jim Tricolli as a managing director. Tricolli will provide professional counsel to Gavin Murrey, executive vice president and head of public finance/debt investment banking, as the firm looks to expand across the country. Tricolli will be based in
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Freeport-McMoRan (NYSE: FCX) announced today that its Board of Directors has reinstated a cash dividend on its common stock at
Now it’s China’s move. China is the only economy that grew in 2020 while The U.S. economy experienced a… by Financial Argument via Financial Argument Now it’s China’s move. China is the only economy that grew in 2020 while The U.S. economy experienced a terrible decline of -3.7. As China cross the river to ascend
How can we know just where the markets are heading? The new year started with an upward trend that nearly got derailed by a flashmob from Reddit – and suddenly we’re dealing with a rise in volatility. Covering the markets for Canaccord, Chief Market Strategist Tony Dwyer believes that the “extraordinary liquidity from corporate bond
Amazon CEO Jeff Bezos Alex Wong | Getty Images Check out the companies making headlines after the bell: Amazon —Shares of the retailer were up 1% in after-hours trading on the back of quarterly results that beat analyst expectations. Amazon reported earnings per share of $14.09 on revenue of $125.56 billion. Analysts polled by Refinitiv
By Vanand Meliksetian OPEC has been the most important actor in global oil markets with the ability to influence prices for decades. The shale revolution in the U.S. has brought much uncertainty for traditional producers due to the vast amounts of oil and gas that are flowing from the American energy heartland in a short
Silver miner exchange-traded funds (ETFs) provide exposure to companies that produce silver, which is valued as both an industrial metal and a precious metal. These companies are engaged in the acquisition, exploration, development, and production of silver and other metals such as lead, copper, or gold. Silver is often produced as a byproduct from mining
A sign hangs in front of an AMC theater on January 27, 2021 in Chicago, Illinois. Shares of AMC Entertainment more than quadrupled today as investors continue their buying spree on heavily shorted stocks. Scott Olson | Getty Images Besides GameStop, other popular short squeeze targets among the Reddit crowd were taking big hits on
Britain will on Wednesday call on Brussels to take urgent steps to de-escalate a looming Brexit crisis in Northern Ireland, as the threat of violence and border tensions increased in the region. Michael Gove, Cabinet Office minister, will ask the European Commission to ease disruption to post-Brexit trade between Great Britain and Northern Ireland, including
Google’s decision to pull the plug on its in-house game development amounts to the belated realisation that big tech companies build better platforms and hardware than they do games. In a blog post on Monday, Phil Harrison, the video game industry veteran who heads up Google’s Stadia project, reasoned that “creating best-in-class games from the
Peak GameStop? GameStop’s volume and volatility has been much lower this week than in the prior six days. This is also true of other heavily shorted names like Bed Bath and Beyond, Express and AMC. What’s going on? Chris Murphy, co-head of derivative strategy at Susquehanna Financial Group, ticked off the signs that the endgame
Q: What is the proper way to define a client complaint? Someone being upset with paperwork not being mailed out on time or disappointing investment performance as opposed to an alleged breach of fiduciary duty are all very different levels of complaints. How is a complaint defined for compliance purposes? A: The Supplementary Material to
The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, achieved a new all-time high at $1,500 today. Data suggest that the ETH options market showed dominant call activity and this may be a primary factor in the rally to a new high. Across major exchanges, the price of ETH surpassed $1,500,
Cadre’s Ryan Williams graced the cover of Forbes in 2019 as his real estate startup neared unicorn status. After a brutal slog for real estate during Coronavirus, Williams is revving up growth at his company. Jamel Toppin for Forbes Ryan Williams got his start in real estate investing as a student at Harvard University in
Amazon HQ2 rendering showing the Helix, which includes work space, will also be open to the public select weekends every month. Courtesy: NBBJ Amazon on Tuesday unveiled the latest look at its second headquarters in Northern Virginia. The standout feature of the design proposal for HQ2 includes a unique structure, dubbed “The Helix.” Amazon described