Agnico Eagle Mines (AEM) posted better-than-expected first-quarter results. Strong operational performance in March drove record quarterly gold production. Agnico Eagle’s revenue came in at $934.39 million for the quarter ended March 31, an increase of 39% from $671.88 million in the prior-year quarter. Net income was $136.1 million ($0.56 per share) in 1Q 2021 compared
Month: May 2021
A Wawa store hiring sign in Bethany Beach, Delaware. Stephanie Dhue | CNBC The economy could add more than 1 million jobs in April, economists say. Hiring seems to have strengthened as businesses reopen, leading some economists to make big predictions for the number of jobs added during the month. The April employment report is
by confoundedinterest17 (Bloomberg) — The key benchmark that the Federal Reserve targets to control monetary policy dropped for the first time this month, dragged down as growing imbalances in the Treasury-bill market weigh on short-term dollar rates. The effective fed funds rate, which the central bank is currently aiming to keep within a range of 0% to 0.25%, slipped by one
After a recent slump across cryptocurrency markets, Ether has surged to new all-time highs off the back of a number of important events and metrics. Overall, 2021 promises to be a crucial year for the Ethereum blockchain as developers continue to work toward the network’s integration with Eth2, which will see the blockchain part ways
In this week’s look at properties abroad, I took a look at how the high-end housing supply in Manhattan stacks up against two traditionally second-home markets in Honolulu and the French Alps. From a custom oceanfront compound in Honolulu to a sophisticated chalet in Courvechel to a designer-done apartment on Park Avenue, here’s a sample
Tyler Marks, his wife, Maranda, and their daughter, Layla, 3, and two sons, Hayden, 7, and Atticus,1. Courtesy: Marks family His name is Tyler Marks. But he showed up on the gray screen during his eviction hearing as Call-in User_3. Unemployed for most of the pandemic, Marks couldn’t afford to buy a laptop or computer
Actress Mila Kunis has revealed that she and her husband, Ashton Kutcher, started investing in bitcoin more than eight years ago. She initially thought that investing in bitcoin was “a horrible idea.” However, now she is using cryptocurrencies and said she has never been happier to be wrong. Mila Kunis Is Happy to Be Wrong
When COVID-19 first shutdown the economy, fears spiraled, ranging from would businesses survive, to could this destroy the American economic system and ruin the future of retirement. It turns out, from a retirement perspective, the more things changed, the more they stayed the same. With vaccination rates rising, the end of the pandemic is within
Signs of excess risk taking in financial markets show it’s time for the U.S. central bank to start debating a reduction in its massive bond purchases, said the president of the Dallas Federal Reserve, breaking ranks with Chair Jerome Powell. “We’re now at a point where I’m observing excesses and imbalances in financial markets,” said
Subscribe to Kitco Roundtable on iTunes While copper has been sizzling the metal is due to fall back to earth in the second half of the year, according to a BMO Capital Markets report. On Friday editor Neils Christensen, correspondent Paul Harris and mining audiences manager Michael McCrae discussed mining and metal events over the
Aristocracies have always benefited from confusing the public about ideologies, so that the wrong people would… by Eric Zuesse The difference between “progressive” and “liberal” gets to the core of what politics in the real world is actually about, and of whether the nation is being controlled by the public (a democracy), or instead is
A capital expenditure (CapEx) is the money companies use to purchase, upgrade, or extend the life of an asset. Capital expenditures are designed to be used to invest in the long-term financial health of the company. Capital expenditures are a long-term investment, meaning the assets purchased have a useful life of one year or more.
Australia’s largest wine producer plans to significantly expand its business in China by using shipments from other markets to sidestep crushing tariffs Beijing has imposed on exports from the Pacific nation. Accolade Wines, owner of the popular Hardys and Echo Falls brands, said it would ship wine from Chile and elsewhere to China, which would
As restrictions lift, I have been shopping. Plant nurseries have enjoyed excellent trade in the past year. Last April my first thought was that most of them would go bust as they had to lock down in the prime spring season for sales. Quite the opposite. Many of the best were quick to go online.
Even as low interest rates push down its earnings, the nation’s largest independent broker-dealer is growing from its massive recruiting push. LPL Financial added $23.8 billion in recruited client assets and vaulted its headcount of financial advisors up by a net 909 advisors year-over-year in the first quarter to reach 17,672, the firm said in
Imperial Oil (IMO) shares rose more than 4% Friday after the Canadian petroleum company posted a profit in the first quarter, helped by recovering oil prices. Imperial Oil’s revenue came in at nearly C$7 billion for the quarter ended March 31, up from C$6.69 billion in the prior-year quarter. 1Q 2021 net income was C$392
Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Amazon — The e-commerce giant saw its shares gain 1% in midday trading after it reported a record first-quarter profit. The Seattle-based firm said profits more than tripled to $8.1 billion and January-to-March sales soared 44% to $108 billion. The results
by confoundedinterest17 Listen to the Man! Under Scranton Joe’s leadership, more and more Americans are dependent on government cheese. Personal income transfer payments to person hit an all-time high as The Federal Reserve keeps pumping money into the system. Government transfeer payments as a percentge of total income is now a whopping 34%. US Personal Savings
Bitcoin (BTC) and the overall cryptocurrency market sprang to life on April 30 as an uneventful close to this month’s $4.2 billion options expiry occurred without any signs of controversy. Data from Cointelegraph Markets and TradingView shows that after a brief dip below the $53,000 support level on April 29, the price of Bitcoin staged
I cannot let April close without mentioning the bulge in our state. Texas has grown since the last census in 2010, so much that we are now picking up not one, but two seats in the U.S.House of Representatives. And we are the only state to do so; five other states will each pick up
Robin Azougi 1st R, a licensed real estate salesperson with Douglas Elliman Real Estate, talks with prospective buyers at a house for sale in Floral Park, Nassau County, New York, on Sept. 6, 2020. Wang Ying | Xinhua News Agency | Getty Images Lower mortgage rates are not prompting homeowners or potential homebuyers to contact
Russian authorities have recently labeled one of the leading independent media outlets in the country as a “foreign agent.” Such a maneuver led Meduza to set up a fiat and crypto fundraiser to survive the consequences of labeling. Fund Will Accept Donations in Bitcoin, Ethereum, and Binance Coin According to an editorial statement published by
The American Families Act — Biden’s new spending proposal covering paid leave, child benefits, childcare subsidies, tuition-free community college, and more, but lacks one component progressives had been calling for: an expansion of Medicare, in terms of benefits provided and age eligibilities. Here’s an excerpt from yesterday’s Washington Post: “Congressional Democrats are planning to pursue
New-money volume growth nearly tripled that of refunding volume in April, as issuers refunded less and played catch-up, issuing new paper in a better credit environment spurred by federal aid. Municipal issuance increased 6.2% in April year-over-year, starting the second quarter with $33.65 billion across 940 transactions, up from the $31.69 billion in 919 deals
[embedded content] As President Joe Biden commits to $6 trillion of stimulus over the next decade, worries of inflation, or even hyperinflation, from both unprecedented monetary and fiscal stimulus take center stage in financial headlines. Fiscal stimulus from the Biden Administration includes the $1.8 trillion American Families Plan, the $2.3 trillion American Jobs Plan and
There is a new report out warning about big food inflation causing civil unrest. Put that with the growing severe drought out west and… Greg Hunter gives The Weekly News Wrap-Up for Friday, April 30, 2021 There is a new report out warning about big food inflation causing civil unrest. Put that with the growing