The latest pricy purchase in Florida, one of the state’s highest, goes to Oracle co-founder Larry Ellison. He purchased this Tuscan style mansion from Gabe Hoffman, founder of Accipiter Capital Management, for $80 million or just a shave over its asking price of $79.5 million, reports the Wall Street Journal. Hoffman bought the main parcel
Month: April 2021
Over the last eight years, U.S. law enforcement has seized a great number of bitcoins and at one time, the Federal Bureau of Investigation (FBI) held one of the largest bitcoin wallets after the Silk Road takedown. A recently published report shows the FBI has started using cryptocurrency mixing applications in recent times in order
I understand the problem you face every day when you start working. You have an idea of how you’d like your day to go, and then you turn your computer on. Your inbox was populated overnight by bleary-eyed inbox-zero adherents pounding away in a converted closet. A couple more hours have been consumed on your
The question of whether pensions and other retirement benefits should be more prominently reported by state and local governments is a burning controversy for the Governmental Accounting Standards Board. What’s at stake is whether the public is being misled by when a governmental general fund is listed in financial statements as balanced while omitting those
This week, Silver prices rebounded from March lows, after the U.S Federal Reserve confirmed its commitment to zero rates and QE asset purchases, alongside President Biden’s massive $2.3 trillion Green Energy and Infrastructure spending plan. Similar to the $1.9 trillion stimulus plan signed only a few weeks ago – Biden’s new package will involve pumping
The cognitively declining President signed a number of Executive Orders allegedly designed to “curb gun violence” but actually designed to destroy the Second Amendment and the Bill of Rights… by Robert Wheeler via The Organic Prepper Joe Biden promised to do it and he has finally delivered. Today, the cognitively declining President of the United States
For gene sequencing company Pacific Biosciences (PACB), also known as PacBio, regulators’ refusal to allow Illumina (ILMN) to buy the company may have been a blessing in disguise. Since Illumina abandoned its bid early in 2020, PacBio has changed up its senior management team, secured its funding needs from SoftBank Group (SFTBF), announced a major
by Mike Shedlock Lacy Hunt at Hoisington Management has some interesting thoughts regarding the inflation debate and the potential for decelerating inflation. Case For Decelerating Inflation In its Quarterly Review and Outlook for the First Quarter of 2021 Lacy Hunt makes a case for decelerating inflation. Contrary to conventional wisdom, disinflation is more likely than
The short answer is “no” – you can buy a single share of any publicly traded company if you want to. Thus, if you have a small amount of money to invest, you can, in fact, buy a small number of shares of a public company. Many brokers will process a trade for a few
China’s Center for Disease Control is thinking about mixing vaccines and varying the sequence of doses to boost efficacy. It is the first time a government body has discussed publicly that there are concerns over the effectiveness of Chinese jabs. Gao Fu, the CDC head, told a forum on Saturday that the agency was “considering
Two of South Korea’s biggest conglomerates have reached a last-minute settlement over a multibillion-dollar intellectual property dispute that had threatened to disrupt Ford and Volkswagen’s plans to build electric vehicles in the US. The deal struck between the battery-making affiliates of LG and SK comes after the US International Trade Commission in February slapped a 10-year
Your bosses really care about you, right? A glimmer of light is finally emerging from some banks, with Barclays picking up the baton on being kinder to staff from Citigroup’s new boss Jane Fraser, who appears to believe that working smarter might be better than the work-til-you-drop culture that dominates Wall Street. Barclays says analysts
This is the year cryptocurrency finally starts to break into the mainstream. From Elon Musk and Tesla investing in and accepting Bitcoin (BTC) to the recent nonfungible token craze, the days of blockchain tech being the domain of cypherpunks and coders are behind us. Still, the technology has not quite advanced to the stage where
Mortgage rates finally stopped their upward climb — at least temporarily. According to the latest data from Freddie Mac, mortgage rates dropped over the last week, falling from 3.18% to 3.13% on 30-year, fixed-rate loans. It’s the first time in two months that rates have dropped. “After moving up for seven consecutive weeks, mortgage rates
Signal, the cross-platform encrypted messaging service is facing criticism this week, after the company Signal Messenger told the public it was integrating the cryptocurrency mobilecoin. Moreover, controversy surrounds the company’s founder and CEO Matthew Rosenfeld, known as ‘Moxie Marlinspike’ over his previous ties with the Mobilecoin project. The Relationship Between Mobilecoin and Signal During the
President Biden’s $400 billion plan to expand Medicaid’s home and community based services (HCBS) for people receiving long-term services and supports (LTSS) already has accomplished one major goal: It has policymakers and opinion leaders talking about how we care for frail older adults and younger people with disabilities. We not had a long-term care conversation
Stephanie Wiggins has been tapped to head the Los Angeles County Metropolitan Transportation Authority as the transit agency struggles to recover from pandemic-driven ridership losses. As LA Metro’s CEO, Wiggins will manage a budget of nearly $7 billion and oversee up to $20 billion in capital construction projects. The agency has 11,000 employees that transport
[embedded content] (Kitco News) The second quarter is already looking better for gold. The precious metal was up almost $50 dollars during the first week of April as it moved past its key resistance level of $1,750. But what happens next is critical — can gold finally hold above this level as analysts cite strength
The BIS had effectively no exposure to gold price risk, and in the eyes of all the Basel accords, including Basel, 3 the bank would have no… By Robert Lambourne via GATA This note considers the potential impact of the “Basel 3” regulatory standards of the Bank for International Settlements on the bank’s own gold
The broader U.S. market averages gained at least 2% across the board last week. Technology and Consumer Discretionary names led the way higher, while the Energy sector lagged. On Monday, the ISM non-Manufacturing index posted a record high of 63.7 for March. This is another recent positive sign that the Services sector is coming back,
by confoundedinterest17 The Biden epic spending spree and The Federal Reserve’s epic money printing has resulted in a host of outcomes. First, cryptocurrency Bitcoin finally hit $61,000 today before backing-off. The massive increase in The Fed’s money printing (M2) has stimulated stock market growth (S&P500) along with cryptocurrencies Bitcoin and Ethereum. The out-of-control money printing has
If you’re thinking about opening a savings account, do your research before committing. Not all savings accounts are created equal. The best account for you depends on several factors. These include your savings goals, the amount of money you have for an initial deposit, the likelihood you may need to withdraw money prior to your target
When news leaked on Wednesday that Toshiba was examining a $20bn buyout proposal from European private equity giant CVC, it left many stakeholders stunned. Not least, said people close to CVC, some of the firm’s own executives. Buying Toshiba, whose chief executive Nobuaki Kurumatani is the former head of CVC’s Japan business, would be the
All of Gwendoline Riley’s past six novels, published to acclaim over the last 19 years, feature dreadful parents. Mocking, misogynistic, violent fathers, and extroverted yet socially inept mothers hover like spectres in the background of her stories. In First Love, which was nominated for the Bailey’s Women’s Prize for fiction in 2017, a woman’s toxic
Correction This story has been corrected to show that Tasha Borglum, part of the Breckenridge team at Moneta, is based in St. Louis, Missouri. April 09, 2021 6:32 PM EDT Correction This story has been corrected to show that Tasha Borglum, part of the Breckenridge team at Moneta, is based in St. Louis, Missouri. April
Amid a weekend pump carrying multiple cryptocurrencies higher, Ripple’s XRP looks to be leading the way with a push as high as 30% on the daily — carried on the back of a string of legal victories and rumors of relisting at some exchanges. Where Bitcoin and Ethereum are up merely 2.7% and 3.4% respectively
Much like Beverly Hills in Los Angeles or Tribeca in New York, the eastern Honolulu neighborhood of Kahala is famous for the affluence of its residents. Billionaires, celebrities and business moguls worldwide have gravitated to the oceanfront enclave, buying luxury mansions and a paradise where soft-sanded beaches and green expanses of the iconic Diamond Head
Goldman Sachs CEO David Solomon foresees “big evolution” coming to cryptocurrency regulation as demand for bitcoin from clients continues to rise. He says that Goldman will “continue to find ways to serve our clients as we move forward.” Crypto Regulation Will Experience ‘Big Evolution,’ Says Goldman Sachs’ Chief David Solomon, the CEO of global investment
By Christina Wyman, Next Avenue Last summer, when Ellen DeGeneres was outed by employees for cultivating an abusive work environment that ran counter to the “Be Kind” façade that has long animated her TV talk show and public persona, she responded to the allegations in a way that seemed to at least meet the basic tenets
Florida has filed a federal lawsuit against the Biden administration and the Centers for Disease Control and Prevention for safety orders that have continued to keep cruise ships locked at the dock amid a pandemic that killed dozens of cruise ship passengers in the early days of the outbreak. The suit alleges that the Centers
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