Month: February 2021

Kathy Kraninger, former president Donald Trump’s appointee to head the Consumer Financial Protection Bureau. Andrew Harrer/Bloomberg via Getty Images “Big deal” Both are a type of qualified mortgage, a category that carries legal protections for lenders from consumer lawsuits. That may happen, for example, if borrowers can’t make monthly payments and lose their homes to
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Home Depot and Lowe’s stores Getty Images Check out the companies making headlines in midday trading.  Lowe’s – Shares of Lowe’s ticked more than 3% lower after the company said home improvement sales will likely decline in 2021 as more people get Covid-19 vaccines and spend more time outside their homes. Despite the outlook, Lowe’s said fourth-quarter same-store
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From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Bank of America sets a 2021 gold price target of $2,000, why silver could jumpstart the next precious metals bull cycle, and thefts of catalytic converters from cars are on the rise, driven by
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Most Americans encounter some form of debt in their lives. However, not all debts are created equally and some are considered better than others. Indeed, while debt comes in several forms, all personal debt (not corporate or government debt) can be categorized within a few main types, including secured debt, unsecured debt, revolving debt, and
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Stephanie Mackara’s clients are “long-term, buy-and-hold investors,” but that hasn’t stopped some from calling to ask her about special purpose acquisition companies (SPACs), the trendy alternative to an initial public offering that’s sweeping the equities markets. “[SPACs] are extremely speculative and one is putting their full faith and credit into the SPAC firm to pick
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Indian billionaire Rakesh Jhunjhunwala, sometimes referred to as the Warren Buffett of India, says that the government should ban bitcoin. Calling the cryptocurrency “speculation of the highest order,” the billionaire investor stated that he will never buy bitcoin. Billionaire Rakesh Jhunjhunwala Thinks Indian Government Should Ban Bitcoin Rakesh Jhunjhunwala believes that the Indian government should
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The Securities and Exchange Commission’s decision to impose relatively short bars and no financial penalties on the auditors of the College of New Rochelle indicates that the commission takes seriously the work of these disclosure gatekeepers despite their not being complicit in the fraud uncovered in 2019. The SEC charged two former KPMG auditors on
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Bloomberg Central Banks in Stimulus Dilemma as Reflation Bets Lift Yields (Bloomberg) — The unprecedented $9 trillion rescue mission by central banks to haul the world economy from its coronavirus recession is being tested as rising bond yields and inflation bets threaten their ability to keep borrowing costs down.While Federal Reserve Chairman Jerome Powell this
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The 2021 Doomsday Clock has been set at 100 seconds to midnight! by David Bryan THE BINARY OF BINARIES The 2021 Doomsday Clock has been set at 100 seconds to midnight!  Because financial, genetic, social, military, nuclear weapon or pandemic engineering do not have a binary to create unity, they produce tyranny. They engineer very
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by howmuch Basic internet access to this article isn’t even a thought for people living in extreme poverty. Most of us think of extreme poverty as an abstract concept that we hear about but never see. Yet, as our visualization illustrates, a significant portion of the world’s population lives like this, separated geographically from the
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Even if you’ve managed to avoid sitting through a company benefits meeting, you’re no doubt familiar with the concept of a 401(k) plan. A 401(k) is a defined-contributions plan. You sock away a set amount each paycheck, your employer may match some percentage of the contribution, and years later you declare your own financial independence.
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Mexico’s state comptroller’s office has come under fire on Tuesday for backtracking on an audit that found President Andrés Manuel López Obrador’s decision to scrap a partially built airport was far costlier than the government said. The U-turn came after the auditor’s office, the ASF, highlighted a variety of irregularities and miscalculations in flagship government projects.
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Startup custodian Altruist has hired an ex-TD Ameritrade director to lead the company’s market strategy and help develop its offering. Pete Dorsey, TD’s former national managing director of institutional sales and relationship management, will now serve as chief strategy and revenue officer at Altruist. “Pete will be leading our go-to-market initiatives as well as overseeing
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