Month: June 2021

Cryptocurrency exchange Coinbase has unveiled its plan to build “the crypto app store,” inspired by how Apple Inc. built its app store. CEO Brian Armstrong said: “Apple didn’t attempt to build every app for the iPhone, it empowered developers and gave mobile users an easy way to access new innovative apps.” In a blog post
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From my perspective as investment counsel focusing on retirees, I want to see everyone paying themselves first by automating the savings process. And, the further retirement is away from today, the more impact those saved dollars have when invested properly. Of course, things can intervene, like losing a job, or being hit with the unexpected
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The investment community and financial media tend to obsess over interest rates and for a good reason. Interest rates refer to the cost someone pays for the use of someone else’s money. When the Federal Open Market Committee (FOMC), which consists of seven governors of the Federal Reserve Board and five Federal Reserve Bank presidents,
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Robinhood will pay roughly $70 million in penalties for its systemwide outages and misleading communication and trading practices, the Financial Industry Regulatory Authority said Wednesday. The settlement regards the technical failures Robinhood experienced in March of 2020, Robinhood’s lack of due diligence before approving customers to place options trades and purveying misleading information to customers
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The Valens (VLNS), a leading manufacturer of cannabis products, has announced that it has entered into a manufacturing agreement with Gallery Brands, a premier cannabis brand house. Under the deal, The Valens will manufacture cannabis-infused beverages and edibles for Blessed and flir, two of Gallery’s flagship brands. The Valens’ CEO, Co-Founder, and Chair, Tyler Robson,
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Take a look at some of the biggest movers in the premarket: Virgin Galactic (SPCE) – The space transportation company’s stock dropped 3% in premarket trading, after Bank of America Securities double-downgraded the stock to “underperform” from “buy.” BofA notes the recent spike in the stock after the company received approval to carry passengers into
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Sharing is Caring! Originally posted at FMShooter A report from Icelandic newspaper, Stundin makes allegations that a key witness in the U.S.’s case against Julian Assange lied in most of his testimony. The Stundin article claims that FBI informant Sigurdur Ingi Thordarson exaggerated his role as a volunteer for WikiLeaks and also lied about his interactions with Assange to authorities. Stundin also alleges that Thordarson, known at the
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A Texas man, who calls himself “Doctor Bitcoin,” has pleaded guilty to running an illegal cryptocurrency exchange business, converting cash to bitcoin. He faces five years in federal prison. Crypto Exchange Operator Pleads Guilty The U.S. Department of Justice (DOJ) announced Tuesday that a Texas resident, Mark Alexander Hopkins, has pleaded guilty to “illegally operating
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Today’s column addresses questions about the timing of spousal benefits and how restricted application differ from filing and suspending, when divorced spousal benefits can be available and options when disability benefits are discontinued. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which markets
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By Arundhati Sarkar (Reuters) – Gold prices edged down on Wednesday, on track for their biggest monthly decline since November 2016, as upcoming U.S. jobs data and taper talks from the U.S. Federal Reserve kept investors on the sidelines. Spot gold eased 0.3% to $1,755.70 per ounce by 0846 GMT, having touched its lowest since
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Aswath Damodaran, professor of finance at New York University’s Stern School of Business, has reiterated his criticism of Bitcoin (BTC). Appearing on episode 10 of the Moneycontrol Masterclass program, the NYU professor doubled down on his longstanding repudiation of Bitcoin as currency. According to Damodaran, Bitcoin’s limited use in microtransactions flies in the face of
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If you haven’t done so already, now is a good time to emergency-proof your finances. Doing so can help limit your overall disruption, lower your stress, and put you in a better position to ride out any emergency—whether it’s a family crisis, a hurricane, or a pandemic. Key Takeaways You never know when an emergency
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Dixons Carphone has reinstated its dividend after posting a 34 per cent rise in annual profit, with the electronics retailer helped by a boom in online demand. For the year to May 1 Dixons reported an adjusted pre-tax profit of £156m on revenue of £10.3bn. Online sales more than doubled year on year to £4.7bn.
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JPMorgan Chase agreed to buy OpenInvest, a financial-technology firm that offers services for values-based investing. Founded in 2015, OpenInvest is backed by Andreessen Horowitz and Y Combinator, among others, JPMorgan said Tuesday in a statement. Terms of the transaction weren’t disclosed. “Clients are increasingly focused on understanding the environmental, social, and governance (ESG) impact of
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