Non-fungible tokens can be sold to raise funds and two independent initiatives are now going to use proceeds from NFT auctions to finance charity projects. The tokens will represent one of the best known American landmarks, the Hollywood Sign, and a New York photograph of the late singer Amy Winehouse. Hollywood Sign to Be Sold
Month: May 2021
Today’s column addresses questions about how Social Security survivor’s benefits are calculated if the record holder dies before filing for their retirement benefit, eligibility for benefits on the record of a first spouse after remarriage and taking spousal benefits before full retirement age. Larry Kotlikoff is a Professor of Economics at Boston University and the
Puerto Rico Oversight Board Executive Director Natalie Jaresko said the board’s financial plans include executing the central government plan of adjustment in fiscal 2022, including debt service payments. The board’s proposed General Fund budget, submitted to the Puerto Rico legislature on May 10, has no money allocated for debt service. However, Jaresko said Thursday that
As of 5 PM EST gold futures basis, the most active June 2021 Comex contract is currently fixed at $1877.40 off $4.10. Gold traded to a high today of $1885.30, which is below yesterday’s high. However, it traded to a higher low of $1864.20 when compared to yesterday’s trading range. Most importantly, gold now, for
Venezuela’s well-to-do survive and possibly thrive, while the poor starve. And, for Nobel laureates and Fed chairmen that’s just fine. The US has… by Doug French via Mises The 4.2 percent Consumer Price Index (CPI) bounce for April sent a chill through some traders and financial commentators who had expected a tamer number like a
Yes, but it was banned for much of the first decade of the 21st century. Short selling in the Indian stock market was suspended by the Securities and Exchange Board of India (SEBI) in March 2001. The ban was instituted partly because of a crash in stock prices amid allegations that Anand Rathi, the then-president
In this article AAPL GOOGL FB NFLX AMZN Google announced last week 60% of its workforce will work around three days a week in the office, 20% in new office locations, and 20% from home. David Paul Morris | Bloomberg | Bloomberg | Getty Images If 2020 taught us that we were all naïve about
Canada’s most populous province on Thursday released a “cautious” three-step roadmap to reopen after a lockdown prompted by a surge in coronavirus cases. The provincial government of Ontario said it would gradually lift public health measures based on the rising vaccination rate and improvements in key public health indicators. “As a result of the strict
The Biden administration on Thursday took the first step toward forcing a broad range of US banks and companies to disclose the risks they face from climate change. In an executive order, the White House kicked off a sweeping initiative to bolster the US financial system against climate-related risks. The order instructs Treasury secretary Janet
Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, July 30, 2013. Andrew Harrer | Bloomberg | Getty Images Securities and Exchange Commission Chair Gary Gensler said he would be aggressively pursuing bad financial actors who were “playing with working families’
A veteran financial advisor with one of the largest wealth managers alleges it’s the firm’s fault that white representatives “exclude and/or exploit minorities” when advisors join together in teams. Mohamed Shoukr lost all but a fraction of his book of business with Wells Fargo Advisors due to a discriminatory partnership between Shoukr, who is Egyptian
Is now the time to invest in Netflix (NFLX)? There are several reasons to think not. WFH stocks – to which belongs by dint of benefitting from the pandemic-driven trend – are out of favor as normal times are almost here again. What’s more, summer is at the gate, and people will be outside and
In this article DECK FDS NCLH HD RCL Pedestrians pass in front of a Ross Stores location in San Francisco. Noah Berger | Bloomberg | Getty Images Check out the companies making headlines after the bell on Thursday: Ross Stores — Shares of the retailer rose roughly 2% in extended trading after posting better-than-expected fiscal
by mapi credit:Rob Rogers I have been blogging for 13 years now and I have witnessed how America has changed. When I first started blogging, MassPrivateI was more geared towards private investigators and attorneys. In 2009, I began posting stories about what the reality of the criminal justice system is versus what’s reported. As a result, my
In March 2020, Procore CEO Tooey Courtemanche had his bags packed to go on an investor roadshow to pitch his construction cloud software business to analysts ahead of an initial public offering. Founded in 2002, Procore had taken a long path to IPO. But it would have to wait longer yet, as the Covid-19 pandemic
Olga Kaya | iStock | Getty Images There are now more than 360 programs across the country providing money to renters who’ve fallen behind because of the coronavirus pandemic. The funds total more than $45 billion and have been allocated by Congress in the last two major stimulus packages in the hopes of clearing up
The Central Bank of Russia (CBR) is preparing to release a digital prototype of the national fiat towards the end of 2021, a high-ranking official has confirmed. Transfers between private individuals will be free of charge with the digital ruble, which is going to have legal tender status on par with Russia’s traditional currency. Bank
Sometimes our political leaders have to hear the obvious. In mid-May, members of the United States Congressional Joint Economic Committee (which was constructed to be bipartisan in 1946) heard testimony about why Black people have less wealth than white people. Chair Rep. Don Beyer (D-VA) introduced the hearing saying, “Much of the racial wealth divide
Municipal high-grade benchmarks were little changed for the fourth day as U.S. Treasuries improved, as did equities, and Refinitiv Lipper reported heavy high-yield inflows. Fund inflows continue to be in positive territory with Refinitiv reporting $725 million of total inflows into municipal bond mutual funds for the week ending May 19. High-yield funds made up
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 prices are lower in early morning U.S. trading Wednesday, on routine downside corrections in uptrends and after
The mega-drought is no act of nature, and there is no question the United States is going to have big food deficits this year… Dane Wigington interviewed on USA Watchdog by Greg Hunter Climate engineering researcher Dane Wigington contends the severe drought unfolding in the Western United States is only going to get worse. It’s
Most insurance providers only cover pure risks, or those risks that embody most or all of the main elements of insurable risk. These elements are “due to chance,” definiteness and measurability, statistical predictability, lack of catastrophic exposure, random selection, and large loss exposure. Pure Risk vs. Speculative Risk Insurance companies normally only indemnify against pure
Jamie Dimon, CEO, JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit, December 6, 2018. Janhvi Bhojwani | CNBC JPMorgan Chase is going it alone. After the healthcare joint venture formed by Amazon, Berkshire Hathaway and the biggest U.S. bank by assets was disbanded earlier this year, the companies each vowed to continue
Global stocks climbed on Thursday, driven by positive US jobs data, after a bruising day for global markets the day before as cryptocurrencies whipsawed and the US Federal Reserve’s latest minutes hinted at tighter monetary policy to come as the pandemic recovery gathered pace. The S&P 500 rose 0.8 per cent, putting it on track
The bitcoin flash crash has exposed how “systemic issues” under the surface of the cryptocurrency market, combined with leverage offered by many leading exchanges, exacerbate episodes of volatility. Bitcoin prices plunged $10,000 in less than an hour on Wednesday from $40,000 in one of the most severe drops since the world’s most actively traded digital
As with many fund sectors, long-term winners in international equity have started to shed some gains. For nearly all of the 20 international stock funds with the best 10-year returns — and at least $100 million in assets under management — investors’ recent shift from growth stocks to value has dealt a considerable blow. Nevertheless,
L Brands, Inc. (LB) reported better-than-expected first-quarter results, backed by continued momentum at both Bath & Body Works and Victoria’s Secret. L Brands is an international fashion retailer offering fragrance and body care products, soaps, women’s apparel, and beauty care products. The company reported adjusted earnings of $1.25 per share compared to a loss of
Take a look at some of the biggest movers in the premarket: Virgin Galactic (SPCE) – Virgin Galactic shares surged 14.1% in the premarket after the space travel company said the next test flight of its SpaceShipTwo Unity will occur on May 22. Virgin Galactic said a maintenance review on VMS Eve – the mothership
In the wake of downturns, real estate recovery is often heralded by a clearing out of distressed assets. Opportunistic investors typically look to struggling, over-leveraged or mismanaged properties. Low-interest debt and the promise of a market swing—often as well as some value-add strategy—drive activity and signal an industry turnaround on the way. 2021 is already
US Congressman Tom Emmer is pushing for safe harbor legislation to protect taxpayers with forked coins. A bill entitled “Safe Harbor for Taxpayers with Forked Assets Act of 2021” has been introduced to prohibit “penalties against taxpayers attempting to report certain gains or losses on ‘forked assets’ until the IRS issues sufficient guidance on how
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