The consumer staples sector is comprised of companies that produce and sell items considered essential for everyday use. Consumer staples products include household goods, food, beverages, hygiene products, and other items that individuals are either unwilling or unable to eliminate from their budgets even in times of financial trouble. As a result, these companies are viewed as
Month: March 2021
In this article DISCA David Zaslav Anjali Sundaram | CNBC Discovery’s lightly traded class B shares surged 80% on Wednesday, showing a spike in volume and divergence from the company’s class A shares that is highly unusual. The class B stock, which often sees volume of less than 10,000 shares in a day, had already
Wall Street hit a record high, powered by technology stocks, as the White House released details of President Joe Biden’s multitrillion-dollar US stimulus plan that aims to boost funding for scientific research and broadband as well as infrastructure and healthcare. The S&P 500 index was up 0.8 per cent at lunchtime in New York, touching
A senior Brussels policymaker has sought to quash British hopes of obtaining AstraZeneca vaccines manufactured in the European Union, saying “zero” jabs would be shipped across the Channel if the company failed to meet its commitments to the bloc. Thierry Breton, internal market commissioner, played down the likely outcome of talks that have been ongoing
Goldman Sachs is close to offering investment vehicles for Bitcoin and other digital assets to clients of its private wealth management unit. ″We are working closely with teams across the firm to explore ways to offer thoughtful and appropriate access to the ecosystem for private wealth clients, and that is something we expect to offer
Blockcap, one of North America’s fastest-growing Bitcoin (BTC) mining companies, has secured sizable investments from some of crypto’s biggest names, setting the stage for significant expansion in the year ahead. Off The Chain Capital and Foundry Digital, a subsidiary of Digital Currency Group, contributed to the $75 million haul, Blockcap announced Wednesday. The funding will
Beautiful beaches, great food and vibrant culture have long made Spain a premier destination for global travelers and second-home owners. In this week’s look at the luxury real estate market, I examined three desirable tourist destinations along Spain’s eastern coast. From a contemporary villa in Altea Hills to a beachside estate in Sierra Blanca, here’s
Scott Heins | Getty Images News | Getty Images Most renters struggling during the coronavirus pandemic won’t have to worry about being pushed out of their homes for at least another three months. The Centers for Disease Control and Prevention has extended the national eviction ban that’s been in place since September through the end
The New Civil Liberties Alliance has objected to FinCEN’s proposed crypto wallet rule, calling it “unlawful.” In addition, the group says that the U.S. Treasury’s “planned ‘crackdown’ on cryptocurrency holders’ private wallets is an unconstitutional power grab.” FinCEN’s Proposed Crypto Wallet Rule Is Unlawful, Says NCLA The New Civil Liberties Alliance (NCLA), a nonpartisan, nonprofit
Three topics to understand as you start your trust planning Like other sound financial management and stewardship tactics, trusts are about planning for the future and planning for the ones you love. While you may think of trusts primarily as a part of planning for what happens to your wealth when you die, you may
Municipal issuance grew in March year-over-year with new-money volume climbing at a higher clip than refundings as rates have risen and issuers pulled back on refunding their debt. The market closed out the first quarter of 2021 with $41.6 billion in March after a total of $56.9 billion of long-term municipal bonds issued in the
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) - The gold market is clawing its way higher even as price remain below $1,700 an ounce as fewer American’s start the
You know the plot point in the horror film where the highway is blocked and a detour sign directs the car full of naive teens off onto a rutted track into the wilderness? by Charles Hugh Smith via Of Two Minds As the level of Fed smack and crack needed to maintain the high increases,
The global chip shortage has caused havoc for the auto industry. Due to a lack of semiconductor chips, Nio (NIO) even had to recently suspend production for five days at its Nio-JAC factory. Based on talks with various OEMs, J.P. Morgan analyst Nick Lai says that during 1Q or 2Q21, the shortage will see Chinese
In this article MS APHA-CA TLRY WBA AMAT LRCX HOG CHWY CLF AAPL BB-CA A woman on an escalator in a Walgreens store in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Walgreens — The drugstore company’s shares rose 6.7% after beating analysts’ expectations for its quarterly earnings.
by jessefelder Just about a year ago, I noted here that corporate insiders were betting heavily on a reversal in the relative downtrend in value versus growth. At the time, executives at companies outside of the most popular sectors in the market were buying shares of their own stock in the open market in size. Since then,
It all began with passage of the $8.3 billion Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020, enacted into law on March 6, 2020. The $192 billion Families First Coronavirus Response Act came next onMarch 18. With the passage and signing of the CARES Act into law, March 27, 2020, Congress and President Trump set into
In this article AMZN An AWS Ground Station satellite antenna at one of the company’s data center in Boardman, Oregon. Amazon Amazon Web Services announced the launch of a new space startup assistance program on Tuesday, with the tech giant partnering with U.K.-based venture firm Seraphim Capital on the project. The AWS Space Accelerator is
Dear readers, Two seemingly disparate stories have captivated Wall Street over the past two weeks. The first concerned the junior analysts at Goldman Sachs who created a “pitchbook” highlighting the horrors of their pandemic existence. The second was the group of Wall Street banks that disclosed billions in losses from their lending relationship to Archegos
Evergrande said it had slashed its debt by almost a quarter despite a drop in earnings, as the Chinese property group races to respond to Beijing’s crackdown on highly leveraged real estate companies. The group led by Hui Ka Yan, once China’s richest man, has come under intense pressure since the Chinese government tightened controls
An ex-financial advisor received a sentence of 17.5 years in prison after a federal judge said the former registered rep “lied through his teeth” during his trial on fraud charges. A jury had convicted Anthony Diaz, 53, on 11 counts of wire and mail fraud after a two-week trial in January 2020, according to the
Red Date Technology, one of the builders of China’s Blockchain-based Service Network, has obtained licensing rights from R3 to resell both the free and enterprise Corda implementations in China. According to a press release by R3, the news marks the first occasion of the BSN developer being able to resell enterprise blockchain technology from an
We know some people are going to go back to some offices. We know those office spaces will be different than they used to be. And we know the commercial real estate industry is facing one of its most serious challenges in modern history. But there’s so much more we don’t know and that will
A sign advertising an open house in Corona Del Mar, California. Scott Mlyn | CNBC Higher mortgage rates are hitting the refinance market hard and may finally be taking their toll on homebuyers. Mortgage application volume fell 2.2% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The
The cryptocurrency bull run has been the most notorious headline highlighted in the last few months, but more figures are being watched beyond bitcoin prices. A new report released by Pricewaterhousecoopers (PWC) revealed that crypto merger and acquisition (M&A) deals skyrocketed in 2020. 2021 Is on Track to Surpass Last Year’s Numbers, PWC Says Quoted
Some people are uncomfortable with the idea that their children will find out they are the beneficiary of a trust. After all, what parent wants their child turning into a trust fund baby. Stories abound of young people who waited for their trust money, spent it on a lifestyle they could not afford, and had
Virginia has advanced its $3.7 billion program to create a connection between the Northeast and Southeast rail corridors and to expand and improve passenger, commuter and freight rail service in the state. Gov. Ralph Northam Tuesday announced the signing of agreements with intercity passenger carrier Amtrak, freight railroad CSX, and commuter train operator Virginia Railway
By Brijesh Patel (Reuters) – Gold was on track for its biggest quarterly decline in more than four years on Wednesday, as elevated U.S. bond yields and a stronger dollar diminished the safe-haven bullion’s appeal. Spot gold was little changed at $1,685.03 per ounce by 0916 GMT, having earlier touched its lowest since March 8
Too much debt and money printing leads to a declining value of the US dollar, and potentially stagflation. As a result, the… by Simon Black of Sovereign Man Ray Dalio is the founder of one of the largest investment firms in the world and has amassed a personal fortune nearing $20 billion from his business
Shares of HyreCar were up 1.4% in Tuesday’s extended trading session after the carsharing marketplace provider reported improved 4Q revenues. HyreCar’s (HYRE) 4Q revenues grew 42% year-over-year to $7 million and fared better than the Street’s estimates of $6.84 million. Top-line growth was driven by higher rental days. Rental days increased 41% to approximately 277,000
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