Bloomberg World Faces Longer Supply Shortage as China’s Factories Squeezed (Bloomberg) — Eric Li’s factory making glass lampshades for companies including Home Depot Inc. is being stretched to its limits with sales doubling their pre-pandemic level.But like many Chinese manufacturers, he doesn’t plan to expand operations — a reticence that could slow the pace of
Month: May 2021
Many markets and investments are now going up exponentially and very few forecast an end to this euphoric state… by Egon von Greyerz of Gold Switzerland As technological developments and markets go parabolic, we observe many market “experts”, even intelligent ones, forecasting that we are now in an exponential economic era. Thus many believe that
The U.K bank with the worst record for dealing with scam complaints has issued a cryptocurrency scam alert. NatWest, which was rated as the worst U.K bank for accurately discerning legitimate fraud complaints in 2020, sent the warning to users of its mobile banking app after it reportedly received a record number of scam reports
George Soros has made a number of impressive investments and trades over the years. He is one of the most famous investors in the financial community and is known for making massive currency bets on a global economic scale. It is believed he made up to $1 billion in a single day on a trade
The World Health Organization is moving to reboot its intellectual property sharing scheme as vaccine shortages threaten poorer nations’ attempts to emerge from the pandemic and as the debate over patents intensifies. In a letter published on Thursday, WHO director-general Tedros Adhanom Ghebreyesus and Costa Rican president Carlos Alvarado Quesada called on member states to
The lasting memory of my daily commute is the numb expression of a woman who sat across from me one evening a few years ago, knee-to-knee, because the cramped train cars were apparently built in an era when Americans were half their current size. She withdrew one small bottle of champagne from her bag and
While cryptocurrencies’ advocates tout its potential to help lower-income communities build wealth, investors drawn to Bitcoin and other digital assets tend to have higher incomes and more money on hand to put in the market, according to market research firm Hearts & Wallets. An analysis of nearly 6,000 households found crypto investors are more likely
Vertex Energy (VTNR) inked a deal to acquire Mobile Chemical LP Refinery from Equilon Enterprises for $75 million. Shares of the leading specialty refinery company jumped 151% in the extended trading session on Wednesday. The deal, which awaits certain regulatory approvals, is expected to close in Q42021. (See Vertex Energy stock analysis on TipRanks) A
Take a look at some of the biggest movers in the premarket: Dick’s Sporting Goods (DKS) – The sporting goods retailer earned $3.41 per share for the first quarter, more than tripling the $1.12 consensus estimate. Revenue also beat forecasts amid comparable sales that more than doubled. Dick’s also gave a full-year outlook that exceeds
The real estate industry is and has always been driven largely by people and interpersonal relationships. However, technology is slowly changing how the industry as a whole operates. That’s why it’s crucial for real estate professionals to understand the importance of tech and how to best utilize it for their business and customers. Below, the
A slight increase in mortgage interest rates was enough to tank refinances and bring down overall demand. Total mortgage application volume fell 4.2% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) increased
Recent announcements and actions by Elon Musk surrounding bitcoin mining sustainability raise questions about the reasoning and motivations of Tesla’s Technoking. Is it possible that Musk is playing a calculated marketing game to introduce a Tesla mining solution? The World of Bitcoin Mining According to Musk Once upon a time, for 49 days, the world
You Might Need to Plan Now Even if You’re Not Really Wealthy For wealth folks reviewing and beefing up insurance coverage and planning before income and estate tax rates may rise may be an obvious step. But, urgent planning is needed by many even moderate wealth taxpayers now! Very wealthy people are pursuing estate tax
Municipals saw one to three basis point bumps to benchmark yield curves while new issues repriced by as much as 10 basis points lower into a stronger, issuer-friendly market, as the 10-year fell below 1% on most scales. The Investment Company Institute reported $1.27 billion of inflows into municipal bond mutual funds, marking the 11th
Bloomberg World Faces Longer Supply Shortage as China’s Factories Squeezed (Bloomberg) — Eric Li’s factory making glass lampshades for companies including Home Depot Inc. is being stretched to its limits with sales doubling their pre-pandemic level.But like many Chinese manufacturers, he doesn’t plan to expand operations — a reticence that could slow the pace of
“…we’re very close to a major breakout in the price of gold and breakdown in the value of the dollar…” by Peter Schiff of Peter Schiff Podcast Gold close to breakout and dollar close to break down.Fed admits unpleasant inflation is a possibility.Major disappointment in home buyer data.Surplus of money is pricing Americans out of
Castle Island Ventures’ Nic Carter doesn’t think Elon Musk is the right person to lead the “clean Bitcoin“ debate, “possibly not as far as the Bitcoin community is concerned.” He told Bloomberg, “Bitcoiners are still intensely skeptical of Musk, and they view him as conflicted given that his business partially involves the sale of offsets.” However,
Activision Blizzard, Inc. (NASDAQ: ATVI) is one of the largest interactive gaming companies in the world. The company is the result of a 2008 merger between Vivendi and Activision, two of the largest video game producers at the time. Activision Blizzard’s business is broken into three segments—Activision Publishing, Blizzard Entertainment, and King Digital Entertainment—with a robust
VSS Unity floats in microgravity at the edge of space during its third spaceflight on May 22, 2021. Virgin Galactic Ark Invest’s space exploration ETF sold its last remaining shares of Virgin Galactic on Tuesday, as the firm completed its move away from one of the few publicly traded pure-play space stocks. Cathie Wood’s firm
On a still evening this month, the deep rumbling of a Chinese commercial sand dredger could be heard across the water from Nangan, the largest of Taiwan’s Matsu Islands. “They are coming back after the monsoon season,” said Mao-Chen Tsai of the Matsu coastguards, explaining that the number of illegal sand dredgers had risen in
Shares in China’s fastest-growing ecommerce company Pinduoduo fell again on Wednesday, adding to a rout that has knocked $100bn off its market value since February. The company reported first-quarter revenues of Rmb22.2bn ($3.47bn), up 239 per cent year on year and above analysts’ expectations, but also booked a net loss of Rmb2.9bn ($454m). The $160bn
Like so many other small custodians after a series of industry acquisitions, TradePMR has been experiencing a boost in business and inquiries from financial advisors, and it’s striving to speed up its onboarding process. TradePMR, the Gainesville, Florida-based custodian that clears through Wells Fargo, signed 20 new firms in the last 12 months, according to
Investment firm Morgan Stanley had set a 3,900 year-end target for the S&P 500 – and it’s already obsolete. The index stands at 4,196, a 7.5% above Morgan Stanley’s target. Year-to-date, despite some volatile trading, the S&P is up nearly 12%. Mike Wilson, chief investment officer and US equity strategist for Morgan Stanley has taken
In this article WDAY WSM AMC NVDA SNOW A banner for Snowflake is displayed on its IPO day at the New York Stock Exchange on September 16, 2020. It was the largest software IPO in history and was one of eight CNBC 2020 Disruptor 50 companies to go public, and more Disruptor deals are coming
Edward Mermelstein has seen a lot of trends since he entered the world of real estate in 1989. But a recent rise in wealthy individuals and first-time renters moving into the luxury lease space is unusual. “New York City is seeing more activity in the luxury rental markets. This interest is unprecedented and primarily driven
In this article SNOW View through Montana ranch entrance to rangeland with a view of central Montana’s snow covered Crazy Mountains in the background, The Crazy Mountains rise to over 11,000 feet and are located north of Interstate-90 between Billings and Bozeman Montana; they can be seen for many miles along this stretch of Interstate.
The chief investment officer of Guggenheim, Scott Minerd, has predicted more sell-off for bitcoin. He also warned that it will take a while for the cryptocurrency to return to its previous highs. However, in the long term, Minerd has predicted that bitcoin’s price could rise to $600K. Bitcoin Sell-Off to Continue, Minerd Says The chief
Have you ever thought that the IRS could use some help, that is, to improve services to taxpayers? Would you like to make a difference on behalf of your fellow taxpayers? Taxpayers may not realize it (or might not even believe it), but there is a way they can get involved at a meaningful level
Despite recent large monthly gains, Fitch Ratings said it will take the U.S. job market another 18 months to create the 7 million jobs needed to recover from the economic shocks wrought by the pandemic. Fitch doesn’t expect the U.S. labor market to return to full employment, which it estimates at 4.3%, until the fourth
Silver bulls are under severe pressure as bears pounce. Bears are making a potential final attempt to take over control in an otherwise losing battle. Since 18 May, the price of silver has been developing a bullish case over a series of analysis as follows: Silver bulls seeking upside continuation from deep correction Silver bulls seeking
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