by Charles Hugh-Smith The mutually reinforcing crises aren’t in the future, they’re here now, and Jay Powell’s shuck-and-jive has lost its magical powers to cloak the rot with speculative bubbles. How many more times do we have to watch Jay Powell claim his speculative bubble isn’t a bubble, and that his massive expansion of billionaires’ fortunes
Month: March 2021
Investors looking to enjoy the touch, feel and security of owning gold may wish to buy gold bars instead of intangible investments such as gold exchange-traded funds (ETFs). Physical, investment-grade gold, also referred to as gold bullion, can be purchased at spot price, which is the price of un-fabricated gold plus additional costs, which vary
Chinese tourists wear masks as protection from the pollution outside the Forbidden City during a day of high pollution in Beijing, China. Getty Images Sustainable investing is taking off in Asia-Pacific as institutional investors accelerated their environmental, social and governance (ESG) investments during the coronavirus pandemic last year. ESG investing prioritizes a company’s positive contributions
Asia-Pacific equities fell on Thursday after negative sentiment on Wall Street and concerns about rising bond yields spilled over into the region. Japan’s Topix index lost 1.8 per cent while in China the CSI 300 index of Shanghai- and Shenzhen-listed stocks dropped 2.7 per cent. In Hong Kong, the Hang Seng lost 2.6 per cent,
Lufthansa warned that it will not come close to pre-crisis levels of traffic until at least the middle of the decade, after the airline slumped to the worst loss in its history in 2020. The German group, which includes brands such as Austrian, Brussels, Swiss and Eurowings, made an operating loss of €5.5bn for the
The SEC’s update to its decades-old advertising rule could profoundly change the way advisors promote their firms and connect with prospective clients — particularly when it comes to direct advertising. But in the process, it could further advantage bigger firms at the expense of smaller ones. “What this does now is I think for these
A report compiled by a Swiss venture capital company has revealed that the value of the largest fifty firms operating in the country’s famed Crypto Valley has increased by 680% since July 2020. The Top 50 Report, from Zug’s Crypto Valley Venture Capital, or CV VC, found the valley’s 50 largest companies have increased in
Mortgage rates notched their biggest increase in almost a year this week. Will they keep rising? getty Mortgage rates made a notable jump this week, hitting their highest point since last July. According to the Mortgage Bankers Association, the average rate on 30-year mortgage loans is now 3.23%—up from 3.08% the week prior and the
Las Vegas Sands is selling Las Vegas. The price tag: $6.25 billion. Vici Properties said it will pay $4 billion for the real estate — comprising the Venetian, Palazzo and the Sands Expo Convention Center. Apollo Global Management will buy the operations for $2.25 billion, roughly half financed by Sands. The sale comes as Las
press release PRESS RELEASE. Pastel Network, the first truly decentralized and scalable blockchain project designed specifically for rare digital art, has officially announced its pending listing on Bitcoin.com Exchange, scheduled for March 5th, 2021. Pastel Network is a blockchain for rare digital art (also known as “NFTs”) that is built on the secure, battle-tested codebases
Ballard Spahr LLP is bulking up its Minneapolis office as well as its finance department with the hiring of Robert Borhart as it seeks to expand its corporate trust business. Borhart, a veteran financial services attorney in the corporate trust arena, joined the firm’s finance department in an of counsel role this month. The finance
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) – African Rainbow Minerals (ARM), a leading South African diversified mining and minerals company, reported today that despite Covid-19-related global economic
Most of the fundamental drivers that support gold have simply gotten more entrenched. And that ultimately means… by Peter Krauth via Streetwise Reports People…relax. It’s a correction. If you’re a serious gold investor, then I sympathize. If you’re freaking out, then this is not for you. If you’re anxious, then you need to check your
fuboTV (FUBO) has only been a publicly traded entity for six months, but it has had plenty of ups and downs already. The stock’s latest move was decidedly downbeat; Investors appeared disappointed with the company’s 4Q20 results, sending shares sharply into the red. The naysayers will point out their main beef still holds: fuboTV remains
American Eagle clothing and accessories retailer American Eagle store seen in Tokyo. Budrul Chukrut | SOPA Images | Light Rocket | Getty Images Check out the companies making headlines after the bell on Wednesday: American Eagle Outfitters – The clothing company’s stock jumped 4.2% on the back of better-than-expected results for the fourth quarter. American
by Michael Snyder I didn’t think that this would happen. A few years ago when the U.S. national debt crossed the 20 trillion dollar mark, I didn’t think that it would ever get to 30 trillion. But at this moment the U.S. national debt is around 28 trillion dollars, and our politicians in Washington are
A flexible spending account (FSA) is an account into which a worker can contribute pretax earnings to pay for qualified medical expenses, including co-pays, prescription medications, chiropractor visits, eyeglasses, and LASIK eye surgery. But what happens if you don’t use all the money in your account during the calendar year? Does that money rollover? Keep
CNBC’s Jim Cramer said Wednesday he anticipates a ferocious travel recovery from the Covid pandemic, a development that would have significant implications for companies with exposure to the industry and for the U.S. economy overall. “It’s going to be a boom here in this country, and I don’t think people are ready for it,” Cramer
President Joe Biden criticised the governors of Texas and Mississippi after they moved to end mask mandates and other coronavirus restrictions in their states. Several states have loosened or rescinded curbs on businesses and social activity in recent days, encouraged by the decline in Covid-19 hospitalisations and the increasing number of people vaccinated against the
The Sputnik V Covid-19 vaccine’s general efficacy of 92 per cent compares with 66.9 per cent overall efficacy of the Johnson & Johnson vaccine. An article on February 26 compared the Sputnik V general efficacy level with J&J rates of efficacy in preventing severe or critical disease of more than 80 per cent.
Advisor demand for investments they can’t find on public stock exchanges is creating new opportunities for fintech companies. Alternative Investment Exchange (AIX), a digital marketplace for alternative investment transactions, kicked off March by announcing a partnership with independent broker-dealer Kalos Financial. AIX will provide Kalos’ advisors with a paperless, Turbotax-like “point and click” experience that
Data collection, aggregation and analysis have become some of the largest profit generators for companies like Facebook and Google who have designed an array of algorithms purposed with harnessing user data in order to better optimize the user interfaces of their applications and their online marketplaces. While collecting the data is the ultimate objective, the
The Midtown Manhattan skyline creates a backdrop for historic buildings along 59th Street. getty The number of new listings for residential properties in Manhattan saw its first year-over-year increase for 2021 in February, while the number of contracts signed fell slightly but remained well above the figures from the same period last year. From February
tupungato | iStock | Getty Images Between the federal stimulus package passed in December and the one making its way through Congress, there could soon be more than $45 billion in financial assistance available to those who’ve fallen behind on their rent. All states have already been allocated funds from a $25 billion pot of
The creator of the notorious stock-to-flow model (S2F), Plan B has recently detailed that the price of bitcoin has surpassed the S2F model price by 26%. The strong momentum has a number of crypto enthusiasts thinking that bitcoin prices reaching the $100k to $288k range by the year’s end is possible. Price of Bitcoin 26%
Protect yourself from Social Security scams. Be on the lookout for fake calls and emails. getty If you’re shopping at CVS tomorrow, you might hear the voice of Social Security Commissioner Andrew Saul over the speaker system, warning Americans to beware of Social Security telephone and email scams. Screens behind customer service desks at Walmart
New issues repriced to lower yields Wednesday while secondary trading showed firmer trades leading triple-A benchmarks to strengthen on the short end even as U.S. Treasuries saw more losses and equities improved. Primary pricings showed investors comfortable moving in at higher yields with competitive deals from gilt-edged Baltimore County, Maryland, at or through triple-A benchmarks.
Silver markets have pulled back a bit during the trading session on Wednesday to slice through the 50 day EMA yet again, however it is worth noting that the $26 level is rather supportive, and we have seen buyers coming back into the market in that general vicinity. Even if we break down below there
The stock market rally was made in Australia…. by Peter Schiff of Peter Schiff Podcast Big gains on Monday give back on Tuesday.Australia doubles down on their QE program.US stock market rally made in Australia.Kevin Leary has Bitcoin backwards.Mark Cuban unknowingly refutes his own arguments.Democrats play politics with Wealth Tax.Anybody can consume, saving capital is
A moat is often talked of as the element to make a company truly stand out from the pack. For Deutsche Bank analyst Ashish Sabadra, UWM Holdings Corporation (UWMC) is one such name in possession of the elusive quality. After a conversation with UWM’s CTO, Sabadra came away believing UWM’s proprietary technology is its “key
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