In this article VIACP TME 9888-HK VIPS DISCA CSG.N-CH 8604.T-JP A massive margin call affected a little-known family office last Friday, incurring billions of dollars in losses for certain banks involved and jolted the overall volatility in the broader market. Archegos Capital Management’s leveraged bets in ViacomCBS blew up and ignited a whopping $20 billion wave
Month: April 2021
John Krafcik, chief executive of the Google self-driving project Waymo, has stepped down from the $30bn group after more than five years and will be replaced by two top executives, the company said on Friday. Krafcik, who will remain as an adviser, said he was leaving Waymo to “kick-off new adventures”, citing taking a “refresh
This is the first part of an FT series asking whether the UK is heading for break-up. Follow UK politics & policy with myFT to be alerted when new parts are published. An independent Scotland would inherit a large hole in its public finances because lower than expected tax revenues, Brexit and the coronavirus crisis
One of the largest wealth managers must pay restitution and a fine after selling $18 million worth of investments in a risky alternative mutual fund that went bust. A registered representative of Cambridge Investment Research sold more than 80% of the shares in the LJM Preservation & Growth Fund — a product tapping the difference
The Falcon and the Winter Soldier, a new Marvel Cinematic Universe show on the Disney+ streaming platform, incorporated a Bitcoin (BTC) bounty into its newest episode. In episode three, “Power Broker,” one of the characters receives a text message which reads: “Selby dead. ₿1K BOUNTY for her killers.” The reference, which drops around the narrative’s
For seven straight weeks interest rates have seen increases, with this week being no exception. They landed at 3.18%, per the Freddie Mac weekly report—only a slight rise from last week’s 3.17%. Just two months ago they were under 3%, after a string of decreases leading to the records continually being broken for the lowest
People like to stick with what they know. Your home may be your most valuable asset, but that does not mean it is your best investment, according to CNBC commentator and co-editor of the new book, “How I Invest My Money.” And the equity in your home can be misleading. “It’s really a form of
The billionaire investor and television personality, Mark Cuban recently did an interview on the recent episode of a podcast and discussed crypto assets at length. Cuban says his cryptocurrency portfolio is 60% bitcoin, 30% ethereum, and the rest is dedicated to smaller cap cryptos. Mark Cuban Shares His Crypto Portfolio Allocations Mark Cuban is a
By Richard Eisenberg, Next Avenue Editor How big a financial toll can family caregiving take? Well, Amy Goyer, who is AARP’s family and caregiving expert, says the costs of caring for her parents led her to file for bankruptcy. “I wish I’d met with a financial adviser from the very beginning who would have kept
U.S. employers added the most jobs in seven months with improvement across most industries in March, as more vaccinations and fewer business restrictions supercharged the labor market recovery. Nonfarm payrolls increased by 916,000 last month and February employment was revised up to a 468,000 gain, according to a Labor Department report Friday. The unemployment rate
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 U.S. labor market continues to surge higher as the U.S. economic recovery from the COVID-19 shifts into a higher gear.
The “Revolving Door” between the market riggers and the US regulators is the most TOXIC RELATIONSHIP in the history of “Free Markets”! by Bix Weir of Road to Roota The “Revolving Door” between the market riggers and the US regulators is the most TOXIC RELATIONSHIP in the history of “Free Markets!” Sick Bastards! Also, we
Shares of Monster Beverage (MNST) have delivered a stunning performance over the past twelve months. Shares took a big leap in the second half of 2020 having quickly recovered to pre-pandemic levels following the COVID-19 crash. But since the beginning of 2021, MNST stock has traded relatively sideways between $85 and $95 per share. This
Traders work on the floor of the New York Stock Exchange. NYSE April started off with a rally, and the market could continue to notch gains as the month gets underway, strategists say. The U.S. Labor Department’s surprisingly strong March jobs report this Friday showed that there were 916,000 jobs added in March, compared to
At some point in their adult lives, often when they’re first starting out, many parents have had to learn the harsh consequences of poor money management. It could be the month you fell behind on rent payments or the time you got in over your head with credit card debt. If you want your kids
Three ICEYE satellites, the trio of silver cube-like spacecraft visible near the top of the stack, on SpaceX’s Transporter-1 mission in January 2021. ICEYE Finnish satellite imagery firm ICEYE continues to expand its business in the U.S., announcing Wednesday that it signed $50 million in contracts last year for its services while hiring multiple new
Pioneer Natural Resources, one the US’s biggest independent oil operators, is to buy rival Texan producer DoublePoint Energy in a $6.4bn cash and stock deal, as consolidation in the country’s battered shale patch rolls on. Pioneer said on Friday the acquisition would give it “unmatched” scale in Texas’s Permian Basin, the world’s most prolific oil-producing
The idea for “Papas a lo Ayuso”, a potato-and-egg homage to Madrid’s regional president, Isabel Díaz Ayuso, came to restaurateur Paco Garrido as he spoke to colleagues in other regions about the Spanish capital’s comparatively lax Covid restrictions on restaurants and bars. “They all said the same thing: ‘I wish we had a president like
Pam Hendrickson took work calls while waiting to give birth at a New York hospital three decades ago, helping to sort out a problem at Chemical Bank from her labor room. Since then, she’s watched colleagues drag themselves to the office when they should be home sick. Now, the vice chair of investment firm Riverside
The Internet Archive, an American nonprofit behind major digital archive Wayback Machine, has received a $10 million cryptocurrency donation from the Filecoin Foundation. According to a Friday announcement, the Filecoin Foundation has donated 50,000 Filecoin (FIL) tokens to the Internet Archive, worth more than $10 million at the time of writing. The grant is designed to
Chris Sands, Founder and CEO, Sands Investment Group (SIG). In commercial real estate sales, a common philosophy is the “win-win or no deal” approach. This suggests that both parties in a transaction should aim for a mutually beneficial outcome or walk away from the deal altogether. This brings both parties’ needs into consideration while anticipating an
The 3 acre Northern California estate where “White Christmas” crooner Bing Crosby and his family once lived has just hit the market for $13.75 million. Exterior of 101 Robin Road, Hillsborough, CA Dennis Mayer | OMARSHALL Real Estate Built in 1930, the English Tudor-style residence is just under 10,000 square feet with 10 bedrooms and
In an abrupt move, Binance South Africa announced on March 31 that all South African rand (ZAR) trading pairs will be delisted on April 2. The crypto exchange adds in a statement that “all trade orders will be automatically removed after 10.00 UTC on April 1” in each respective trading pair. Binance concludes by requesting
A Roth IRA is a magnificent planning tool that offers some huge opportunities: · Growth and income can be tax-free · There are no Required Minimum Distributions for the owner, a spouse beneficiary and a ten- year distribution window for most non-spouse beneficiaries · Basis on assets from a Roth are automatically stepped-up. Roth assets are tax-free and
Municipals were steady to slightly stronger Thursday as the market opened with news of an unexpected rise in the weekly jobless claims number and ended by preparing for a long holiday weekend. The bond markets will close Friday at noon ET, ahead of the Easter weekend. The triple-A benchmark scale was mostly stronger across 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) – Gold and silver are in a positive position at the end of the week. Gold is trading 0.36% higher while
Silver corrections come with the territory. Investors need to… by Peter Krauth via Streetwise Reports Being a silver investor over the last few weeks has become more psychologically challenging. That’s true even for us die-hard silver enthusiasts. After all silver had a standout 2020, having gained about 47% in its best year since 2010. That
Shares of HarborOne Bancorp inched up 2.1% after the bank increased its quarterly cash dividend by 66.7% to $0.05 per share. Notably, HarborOne initiated its quarterly dividend payout at $0.03 in July 2020. HarborOne (HONE) announced that the new dividend will be paid on April 28 to shareholders of record as of April 14. The
Kevin Kahovec and Mary Kate McGovern chat at Rizzo’s Bar & Inn in Wrigleyville as coronavirus disease (COVID-19) restrictions are relaxed in Chicago, Illinois, March 6, 2021. Eileen T. Meslar | Reuters The nation’s economic growth is in for a boost in the second quarter, as parts of the economy most impacted by the pandemic
by Charles Hugh-Smith Perhaps the aliens’ keen interest in Earth’s central bank magic and its potential for destruction results from a wager. You’ve probably noticed the recent uptick in UFO sightings and video recordings from aircraft of the extraordinary flight paths of these unidentified objects. Perhaps it’s not coincidence that UFO sightings are soaring at the