Welders work on the Strategic Petroleum Reserve pipeline on June 1, 1980, in West Hackberry, Louisianna. Begun under President Ford to reduce the threat of oil embargoes, the SPR crude oil is stored in huge underground salt caverns along the Gulf of Mexico, a natural choice due to the proximity of many refineries and distribution
Month: March 2021
by Michael Snyder This wasn’t supposed to happen. We were promised that 2021 would be the year when things would turn around because the vaccines would bring the COVID pandemic to an end. Hundreds of millions of doses have already been administered all over the globe, and millions more are being administered with each passing
How much car insurance do you need? The answer depends on a number of factors, including where you live, how much your car is worth, and what other assets you need to protect. Here’s what you need to know. Key Takeaways Most states require you to have at least a minimum amount of insurance coverage
In this article BAC Patrick T. Fallon | Bloomberg | Getty Images Bank of America is expanding its racial justice initiative, devoting more funding toward advocacy and equality for communities of color. “The urgency we feel to address long-standing issues of inclusion and racial inequality has only increased following the attacks and hate speech directed
Beijing’s aggressive attitude towards Australia shows how China uses trade and investment as tools to punish countries who challenge it. FT global China editor James Kynge and Australia correspondent Jamie Smyth look at the impact on Australia and what China’s assertiveness tells us about its increasingly assertive foreign policy March 31, 2021 Filmed and produced
Australia is fast tracking plans to begin manufacturing advanced missiles and other guided weapons in response to growing tensions in the Indo-Pacific region and concerns over its reliance on imports. Scott Morrison, Australia’s prime minister, said on Wednesday the government would spend A$1bn (US$712m) to develop a manufacturing capability and would look to select an
UBS hired a top-ranked advisor from Merrill Lynch, making him the latest elite wirehouse advisor to switch firms. Brandon Sobel had been with Merrill since 2016, according to FINRA BrokerCheck records. He was recently named a Forbes best in state wealth advisor for 2021, and was listed as overseeing more than $650 million in client
NBA Top Shot maker Dapper Labs has secured about $305 million in new funding round from investors. According to a report by Business Insider on Tuesday, past and present NBA stars like Michael Jordan, Alex Caruso, and Kevin Durant participated in the funding round. Other investors included The Chernin Group and Will Smith’s venture capital
Gardening grew in popularity during the pandemic, with many Americans having more free time at home, as well as a desire to eat more healthfully to boost their immunity. According to trade publication Greenhouse Product News and Axiom Marketing’s 2021 Garden Survey, 86% of homeowners plan to continue gardening in 2021 and 47% say they will
Sen. Bernie Sanders, I-Vt., speaks at an event in Birmingham, Alabama, on March 26, 2021. Andi Rice/Bloomberg via Getty Images A group of Senate Democrats issued a proposal Monday to tax unrealized capital gains of wealthy estates at death. The plan comes as President Joe Biden prepares to unveil a major infrastructure plan that’s expected
Toho’s classic Godzilla storyline leaves behind the Tokyo and New York skylines as it wades into the decentralized universe with freshly minted collectibles set for auction on the WAX Blockchain. Appeal To Collectors Complements Forthcoming Premiere Of Godzilla vs. Kong From trading cards to collectibles, the name Topps has been synonymous with collecting for over
Create a monthly payout without making middlemen rich. You can spend a lot of time struggling to turn a pile of capital into monthly income. Or you can spend a lot of money. What if you don’t want to spend either of those things? Then you may find this guide very helpful. The model income
Three House Democrats say they won’t support any of President Joe Biden’s tax hikes to fund his infrastructure proposal unless the plan includes a repeal of the $10,000 cap on state and local tax deductions, making them just one vote shy of the number needed to block the president’s tax plan in the narrowly divided
To what extent are governments and central banks successful in suppressing the gold price? Chris Powell on GoldCore TV Market Manipulation Explained: The Gold Market by #ChrisPowell, Secretary/Treasurer and Director @ GATA.ORG In today’s episode Chris explains how #Centralbanks #intervention affect #GoldPrices. He believes now-a-days central banks are #intervening primarily through the futures markets and
Investing in biotechs can be a risky business. Success hinges mostly on two criteria; promising data from clinical trials or regulatory approval. Get either of these wrong and the push back from the Street can be brutal. Fortunately, for investors of Aptose Biosciences (APTO), the latest update from the company resulted in the stock blasting
In this article CHWY PVH LULU ILMN Signage is seen ahead of the IPO for Chewy at the New York Stock Exchange, June 14, 2019. Andrew Kelly | Reuters Check out the companies making headlines after the bell on Tuesday: Chewy – Shares of the pet-product retailer rose 8% after the company reported fourth-quarter results
by Frank Holmes, CEO, U.S. Global Investors Gold producers had their most profitable year ever in 2020, based on one metric. The average all-in sustaining cost (AISC) margin, which is the gold price minus the cost to produce the metal, hit a record $828 per ounce, according to Metals Focus. What this means is that
Encompassing a broad range of money topics—from balancing a checkbook to developing a household budget and planning for retirement—financial literacy shapes the way we view and handle money. The nonprofit Money Management International, a provider of financial education and counseling services, has created a 30-step path to financial wellness. To help you get started, we
In this article BA TRMB DE 9988-HK 9618-HK SPCE LMT LHX KTOS IRDM ARKX NFLX A SpaceX Falcon 9 rocket carries 10 Iridium NEXT satellites into orbit. mdesigner125 | iStock Editorial | Getty Images Trading in the new space exploration ETF from Ark Invest began on Tuesday, as Cathie Wood’s firm looks to tap the
The US has accused China of committing “genocide and crimes against humanity” against Uyghurs, in a report on human rights that raises concerns about countries from Saudi Arabia to Myanmar. The state department’s 2020 human rights report called China an “authoritarian state” that was detaining more than 1m Uyghurs in Xinjiang and engaging in abuses
Chancellor Rishi Sunak and business secretary Kwasi Kwarteng have taken the unusual step of writing an open letter to companies defending their decision to drop the UK government’s industrial strategy. In the joint letter published on the government website on Tuesday, the pair defended their move to replace the strategy in favour of a new
From his vantage point in Wellesley, Massachusetts, George Patterson sees restless Americans everywhere desperate to board planes, take vacations and dine in restaurants. To the $120 billion quant manager, these are telltale signs that stocks hitched to the economic cycle are set to boom anew and the Big Tech safety trade of the lockdown era
Ether (ETH) has been making higher lows throughout 2021, and the current trend indicates that $1,800 might be the bottom for April. Even traders and investors who do not rely on technicals have become optimists after Visa initiated a pilot to settle transactions in USD Coin (USDC) through the Ethereum network. Ether price in USD
Ari Rastegar is CEO of Rastegar Property Company, a vertically integrated real estate company with a focus on value-oriented real estate. In the years leading up to the pandemic, all manner of pop-ups and permanent experience-focused locations were being constructed to meet the demands of a social media generation. Everyone from museums to luxury brands to
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Home price gains are accelerating at an alarming pace, fueled by Covid pandemic-related inflation, which some claim is not getting enough attention from the Federal Reserve. Home prices nationally
In the SEC v. Ripple lawsuit, the court has rejected the SEC’s attempt to block XRP holders’ Motion to Intervene and has set submission deadlines for the motion to be filed as well as for responses from the SEC and Ripple. Judge Dismissed SEC’s Attempt to Stop XRP Holders From Intervening in Ripple Lawsuit In
Today’s column addresses questions about the ability to take spousal benefits after first receiving retirement benefits, what benefits may be available after a divorce and whether Social Security requires beneficiaries to switch from survivor benefits to their own retirement benefit at 70. Larry Kotlikoff is a Professor of Economics at Boston University and the founder
Longtime associates in Colorado’s municipal bond business remember Bruce C. Newman as a great storyteller who played an important role in the region’s development. Newman died Nov. 18 in Denver. He was 87. Bruce Newman “He was an inspirational type of leader, who not only spotted talent, but fostered it and shared not only his
By Shreyansi Singh (Reuters) – Gold prices slipped nearly 2% on Tuesday as a firmer dollar, higher Treasury yields and hopes for a faster U.S. economic recovery dampened demand for safe-haven bullion. Spot gold slid 1.6% to $1,685.43 per ounce by 12:44 p.m EDT (1644 GMT). Earlier in the session, bullion fell about 2% to
Joe Biden’s green energy plot will destroy the US economy… Amir Adnani interviewed by Sean on SGTreport Amir Adnani, the President of Uranium Energy Corp., and the Chairman of Gold Mining Inc returns to SGT Report to discuss the manipulation of gold and silver prices, the manipulation of the US Dollar via rampant monetary debasement,
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