Following the Wallstreetbets saga last week, a great number of the popular shares being fueled by social media have started to tank in value. Gamestop shares dropped over 60% on Tuesday, while AMC dropped more than 49% shaking investors who bought into these stocks to the core. Meanwhile, a number of cryptocurrency advocates believe the
Month: February 2021
Economic Security Planning, Inc. Today’s column addresses questions about whether or not benefits lost to Social Security’s earnings test are actually repaid at full retirement age, suspending retirement benefits and filing for spousal benefits after taking early retirement benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of
Investment funds filed an appeal of a court’s ruling that the United States government is not liable for losses the Puerto Rico Oversight Board imposes on the Puerto Rico bonds they hold. Altair Global Credit Opportunities Fund and 15 other investment funds filed the appeal Jan. 22 in the United States Court of Appeals for
Key events Show 7.14pm GMT 19:14 Senator Warren seeks answers over Robinhood’s GameStop trading curbs 4.38pm GMT 16:38 Robinhood raises limit on GameStop share purchases 2.57pm GMT 14:57 GameStop shares slump in early trading 1.40pm GMT 13:40 GameStop shares slump in pre-market trading 12.17pm GMT 12:17 Pound hits nine-month high vs euro 11.58am GMT 11:58
Podcast: Play in new window | Download Subscribe: Apple Podcasts | Stitcher | Email | From the Reddit traders thinking they can take on the big bank silver shorts, to silver bullion dealers getting wiped out of their inventory, and to the… Dave Kranzler of Investment Research Dynamics interviewed by Paul “Half Dollar” Eberhart From
Which way is the market going? After January’s pullback, February kicked off in style with all three major indexes posting strong gains in the month’s first two sessions. It will be interesting to see what lies in store for the markets next, although drama-wise, it will be hard to match last week’s headline grabbing antics.
Take a look at some of the biggest movers in the premarket: United Parcel Service (UPS) – UPS reported quarterly earnings of $2.66 per share, beating a consensus estimate of $2.14 a share. The revenue also came in above estimates for the holiday quarter. Among the factors boosting the bottom line: a 7.8% increase in
by Amy S. Robert and Kim Kiyosaki People have been leaving big cities for safer areas, but is it time they leave the US? Watch this interview as Andrew discusses going where you’re treated best, getting a second passport. [embedded content] The swift and massive shock of the coronavirus pandemic and shutdown measures to contain it
Silver commodity futures have been the subject of enormous speculation since the beginning of February 2021 and have been incredibly volatile as a result. This means that investing in them or ETFs that hold them is substantially riskier than usual. The returns of these 3 ETFs may differ from the returns listed below due to
Atlanta Federal Reserve President Raphael Bostic said Monday that he’s not worried about the U.S. economy overheating, though he does think growth could happen faster than many expect. In an estimate well ahead of most of his colleagues, Bostic, a voting member of the policymaking Federal Open Market Committee, recently drew attention for saying that
BP reported its first annual loss in a decade after a 96 per cent drop in fourth-quarter profit as the UK oil major continues to reel from the hit to energy demand from the pandemic. Underlying profit on a replacement cost basis — the measure of income tracked most closely by industry analysts — was
In 2018, it seemed a done deal. Engineers and mechanics at Yeovil in south-west England looked set to fill an $800m order to build a dozen anti-submarine helicopters for South Korea. Not only were the AW159 Wildcat helicopters cheaper than their traditional US competitor, they were the South Korean navy’s incumbent machine. More importantly, when
Advisors who violate the CFP Board’s standards of conduct may face stiffer penalties in the future. The organization unveiled a new committee tasked with reviewing and potentially updating its sanction guidelines and fitness standards. The move underlines the board’s latest efforts to respond to heightened scrutiny and public criticism of perceived shortcomings in its enforcement
21Shares, a major provider of cryptocurrency exchange-traded products, or ETP, is launching the world’s first Polkadot (DOT) ETP. The new product, DOT ETP, will be listed on the Swiss SIX exchange on Feb. 4, 2021, 21Shares announced Tuesday. The new ETP comes shortly after Polkadot was added to 21Shares’ major ETP product Crypto Basket ETP
Designed by Mexican architect and visionary Sergio Orduña, Casa EnMar combines striking details with … [+] a wealth of indoor-outdoor living space. Hilton & Hyland Among the biggest housing trends of 2020 was a shift towards properties offering flexible living space. In this week’s look at the luxury real estate market, I took a look
An Ontario man based in San Bernardino County of the U.S. has agreed to plead guilty to federal charges of illegally operating a bitcoin to cash exchange business. According to the U.S. Department of Justice (DOJ), the man, Hugo Sergio Mejia, 49, operated the unregistered exchange business between May 2018 and September 2020. Accordingly, Mejia
The majority of the charter schools that Equitable Facilities Foundation provides financing to carried on with plans to build schools despite the challenges wrought by the pandemic. EFF, a 501c(3) social impact fund that leverages $200 million in equity and backing it has from the Walton family, was only in its second year when COVID-19
Forex news for Asia trading for Tuesday 2 February 2021 The price of Silver eased lower in futures trade following the 18% rise in maintenance margin announced by the Chicago Mercantile Exchange. The chatter of Wall Street bets folks said to be seeking a squeeze similar to the operation on GME stock is beginning to
This is a “shotgun” style of a short-squeeze. It will likely result in the entire precious metals sector by Chris Vermeulen of The Technical Traders In the recent past, quite a bit of attention was focused on Bitcoin throughout the October 2020 to January 2021 rally phase. It was an incredible rally of over 400%
Kennametal Inc., a supplier of tooling and industrial materials, reported better-than-expected second-quarter results, sending its stock up 1.7% on Monday. Kennametal’s (KMT) 2Q adjusted earnings of $0.16 per share came in ahead of the Street’s estimates of $0.09 but declined from $0.17 per share in the year-ago period. Its revenue of $440.5 million topped analysts’ expectations
by Michael Snyder If a new bill that has been introduced in Congress eventually becomes law, the 2nd Amendment will still be in the U.S. Constitution, but for all practical purposes the rights that it is supposed to guarantee will be dead and gone. H.R. 127 was submitted on January 4th, and if you have not
Online brokers and robo-advisors let you open a variety of accounts, but for people taking advantage of the tax benefits of an Individual Retirement Account (IRA), a few other features come in handy. The best IRA accounts are either traditional stock brokers or robo-advisors that have excellent retirement planning tools and reporting. We looked for
SpaceX announced on Monday that it will launch four private individuals on a Crew Dragon capsule into orbit around the Earth, dubbed “the world’s first all-civilian mission.” It is scheduled to launch in the fourth quarter of 2021. The company’s spacecraft will be commanded by Jared Isaacman, the founder and CEO of Shift4 Payments. The mission,
Peter Wells in New York The US on Monday reported its smallest daily increase in coronavirus deaths in a fortnight, as figures showed January was the deadliest month of the pandemic. Authorities attributed 1,562 fatalities to coronavirus, according to Covid Tracking Project, down from 2,059 on Sunday. That was the smallest daily increase in deaths
Candidates backed by Brazil’s president Jair Bolsonaro won the top positions in the country’s Congress on Monday, dramatically strengthening the populist leader’s hand as he gears up for re-election next year. Arthur Lira, a federal lawmaker from the Centrão bloc, was elected speaker of the lower house — a powerful position that controls the legislative
Bond-rating agency Moody’s Investors Services changed its outlook for the debt of two of the largest wealth management firms, but noted uncertainties in their businesses that could cause ripples. After Moody’s affirmed “B3” corporate ratings for the parent companies of Advisor Group and Cetera Financial Group and revised their outlook from “negative” on Jan. 14,
Senator Cynthia Lummis, the first senator in the history of the United States to own Bitcoin, has revealed plans to launch a Financial Innovation Caucus to educate her fellow senators on cryptocurrency and digital assets. Appearing on Anthony Pompliano’s podcast on Feb. 2, Lummis announced her intention to establish the caucus, stating: “We hope to
A Look At NYC’s Multifamily Investment Sales Across The Boroughs NYC Multifamily Investment Sales, 2010-2020 Ariel Property Advisors New York City’s 2020 commercial real estate market, like many industries across the nation, felt the economic ramifications of the Covid-19 pandemic. A market already hurting from the HSTPA was halted by the New York On Pause
The U.S. Federal Reserve (Fed) has posted a job advertisement that seeks to hire a role related to stablecoins and central bank digital currencies (CBDC). The Fed is looking for a research manager to join its team to assess the “benefits and risks” of digital assets. The Role Is Part of the Fed’s Digital Innovation
getty Yes, I have been calling for a comprehensive Social Security reform ever since I began writing at this platform. And, yes, that plan calls for a change from the current formula to a flat benefit for all, or, as I’ve also called it, a “basic retirement income.” The catch, of course, is this: how