The fate of Illinois’ S&P bond rating will depend on its recovery from COVID-19, federal stimulus and the final form of its fiscal 2022 budget, the rating agency said Thursday. In its first published review of Gov. J.B. Pritzker’s proposed spending plan, S&P Global Ratings laid out the risks, uncertainties and potential positives of the
Month: February 2021
(Repeats Feb. 25 column with no changes. The opinions expressed here are those of the author, a columnist for Reuters) * Silver price and IShares holdings: https://tmsnrt.rs/2NTTf5v * Money manager positioning on CME silver: https://tmsnrt.rs/3aUBIDr By Andy Home LONDON, Feb 25 (Reuters) – This month’s crowd surge on the silver market quickly dissipated after the
Gold bulls may be disappointed as the Fed Chair didn’t sound too dovish. He neither… by Arkadiusz Sieron of Sunshine Profits Powell testified before Congress and reiterated the Fed’s dovish stance, but nevertheless, gold continued to slide. On Tuesday, Powell testified before the United States Senate Committee on Banking, Housing, and Urban Affairs. He offered no big
Despite the recent market-wide pullback, oncology drug-maker Celsion (CLSN) is enjoying a breakout year, with shares up by 210% year-to-date. One Street analyst thinks the stock has a way to run yet. Brookline Capital analyst Kumaraguru Raja reiterated a Buy rating on CLSN shares, while boosting his price target from $3 to $4. The new
People walk past the New York Stock Exchange in the Manhattan borough of New York, November 10, 2020. Carlo Allegri | Reuters Growing inflation concerns, optimism the economy could surge and some technical factors are combining to drive interest rates higher at a rapid clip. But on Thursday, for the first time, the market has
The telecommunication sector is made up of companies that make communication possible on a global scale, whether it is through the phone or the Internet, through airwaves or cables, through wires or wirelessly. These companies created the infrastructure that allows data in words, voice, audio, or video to be sent anywhere in the world. The
Bonds have been shunned by many investors as rock-bottom rates made them unattractive relative to equities. On Thursday, the bond market may have gained an upper hand in the eyes of some investors. The 10-year Treasury yield soared more than 16 basis points to a high of 1.614%, its highest level since February 2020. The
Texas, the fossil fuel centre of the US, was let down by its natural gas delivery system during last week’s energy crisis, according to the head of the country’s top independent power producer. The critical comments from Curt Morgan, chief executive of Vistra, one of the largest consumers of natural gas and coal in the
Twitter unveiled a range of new potential features on Thursday, including tools that will allow users to charge their followers for exclusive content, as it seeks to expand its revenue sources beyond advertising and boost engagement. The social media platform on Thursday said it was exploring a “Super Follows” feature, where users could choose to
Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, December 1, 2020. Susan Walsh | Pool | Reuters Stock investors are trying desperately to interpret what a rise in bond yields means for the stock market. Since February 10th,
Client trading activity was high last year, but in 2021 it’s “off the charts” at Morgan Stanley’s platform for self-directed investors, according to CFO Jonathan Pruzan. Daily average trades are 50% higher year-to-date than they were in the fourth quarter when Morgan Stanley averaged 1.1 million, Pruzan said. And client engagement has soared in the
United States crypto exchange Gemini has added a way for customers to donate crypto to over 100 nonprofits worldwide via The Giving Block. Gemini now gives customers the option to “Give Back With Crypto,” The Giving Block unveiled in a blog post on Thursday. Available charities range from human rights efforts, to those seeking to
Rising rates have spurred home buyers to pull back from the mortgage market. ASSOCIATED PRESS Home shoppers who are planning to apply for a mortgage might want to hurry before the window closes on a good deal heading into the spring home buying season. Although they remain low, mortgage rates have begun to increase and
CALVERTON, N.Y. – The homebuilding industry is on the edge of a revolution. At least that’s the way Kirk Andersen sees it. He just used 3D-printing technology to build a 900-square-foot model home on Long Island. He is about to build another one, too – the first 3D-printed home in the United States to be
According to a new study conducted by Crypto.com, the total number of global cryptocurrency users has surpassed 100 million for the first time ever. The study, which measured the cryptocurrency marketplace’s size using onchain metrics, survey analysis, and internal data, recorded 106 million cryptocurrency users in January 2021. January’s Bitcoin Rally Accumulated a 15.7% Jump
Getty images getty For a lot of young people, especially those who are beginning to get a handle on their finances, tax filing can be a dreaded task, and strategic tax planning may seem like a major undertaking. Year-end is typically when many people start thinking about taxes. But waiting until the year is over
As Texas lawmakers launched investigations into the lethal power failures triggered by last week’s deep freeze, analysts dug deeper into the economic impact. “It’s a disincentive for investment in Texas,” Rep. Rafael Anchia, D-Dallas, said of the calamity in a hearing Thursday in the State Affairs and Energy Resources Committee that he sits on. At
(Bloomberg) — Gold extended declines, heading for a second straight monthly drop as surging bond yields hurt the metal’s allure. Ten-year Treasury yields climbed to the highest in a year on Thursday, making gold less competitive because it doesn’t offer interest. Holdings in exchange-traded funds backed by the metal registered an eighth consecutive daily outflow,
“…a gain of 1,880 contracts as we wait, till their game of “low price and no product” reaches its peak.” by J. Johnson via JS Mineset Great and Wonderful Thursday Morning Folks, The February Deliveries are over, with a day’s rest before the next, with Gold down $13.10 with the trade at $1,784.80, near
Risk and reward are the yin and yang of stock trading, the two opposite but essential ingredients in every market success. And there are no stocks that better embody both sides – the risk factors and the reward potentials – than penny stocks. These equities, priced below $5 per share, typically offer high upside potentials.
Take a look at some of the biggest movers in the premarket: GameStop (GME) – GameStop remains on watch after another Reddit-fueled surge Wednesday in the video game retailer’s shares, as well as other so-called “Reddit stocks” like BlackBerry (BB), AMC Entertainment (AMC) and Koss Corp. (KOSS). GameStop surged 55.8% premarket, while AMC rose 12.9%,
Via International Man International Man: President Biden’s Treasury Secretary—and Obama Fed Chair—Janet Yellen recently floated the idea of taxing unrealized capital gains through a “mark-to-market” mechanism. What is going on here? Doug Casey: When you tax unrealized capital gains—as they do with foreign stocks in a number of countries, like New Zealand, where it made
The deadline to both file and pay 2019 federal income taxes was extended to July 15, 2020, due to the economic disruption caused by the COVID-19 pandemic. The extension was announced by then-U.S. Treasury Secretary Steven Mnuchin in March 2020. Key Takeaways The deadline to file and pay 2019 taxes was extended to July 15,
Jakub Porzycki/NurPhoto via Getty Images Shares of GameStop climbed 52.7% in premarket trade on Thursday as heavily-shorted stocks favored by Reddit traders look set for a resurgence. Investors piled into the bricks-and-mortar video game retailer on Wednesday following the reported ousting of Chief Financial Officer Jim Bell, sending the stock soaring 103.9% before trading was
Standard Chartered chief executive Bill Winters said he hoped the election of President Joe Biden would help de-escalate US-China tensions that have hung over the bank in recent years, ending “tit for tat” escalations in trade and geopolitics. Like its London-based rival HSBC, StanChart has been navigating an increasingly fraught relationship between the US, UK
Suning, China’s biggest bricks and mortar retail group and the owner of Italian football club Inter Milan, plans to sell a $1.5bn stake in one of its subsidiaries in a bid to fortify its finances. Shares in Suning.com were temporarily suspended in Shenzhen on Thursday as Suning said that Zhang Jindong, the billionaire founder of
Activists are pushing Nasdaq to expand its proposed board-diversity rules to include people with disabilities. The exchange operator’s planned regulations are currently too narrow and should be amended, Disability:IN and the American Association of People with Disabilities said in comment letters submitted jointly to the SEC. In a Jan. 8 letter to the SEC, Nasdaq
As Polkadot (DOT) gets ready to launch parachain auctions, a combined fundraising and market interest discovery mechanism, the team is realizing that some core features may be ill-suited for the auction mechanism. Polkadot parachains are somewhat analogous to the sharding proposal for Ethereum 2.0. Each parachain is a largely independent blockchain built for a particular
CEO of Snappt and President of Berlind Properties. Getty We all collectively scratched our heads and asked “what just happened?” in 2020. Now in 2021, we’re looking ahead and trying to make predictions for the year. While we are still living in unpredictable times, there are a few things that we can be confident will come to
A ‘Sold’ sign stands outside of a home in Seattle, Washington. David Ryder | Bloomberg | Getty Images The early days of Guadalupe Mora’s search for a new home were exhausting. A health-care technician at a Department of Veterans Affairs hospital, Mora slowly saved up more than $15,000 to move out of her two-bedroom mobile
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