Month: June 2021

About 2 million homeowners are still in some type of mortgage forbearance amid the health and financial fallout brought on by the Covid-19 pandemic. While the U.S. government extended the foreclosure moratorium through July 31, the Consumer Financial Protection Bureau isn’t planning to put any further bans on foreclosures in place. Instead, to help homeowners
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Coinbase, the largest exchange in terms of crypto reserves held, has announced the introduction of a savings program tied to usd coin. The company’s high yield USDC savings program allows customers to gain 4% APY interest on stablecoin accounts. Coinbase Reveals USDC Savings Program With Interest Rates Eight-Times Higher the national average The cryptocurrency exchange
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Earlier this month, the forensic investigation of the $90 billion-plus State Teachers Retirement System of Ohio commissioned by the Ohio Retired Teachers Association and performed by my firm, was completed. The damning preliminary findings have now been reported to Ohio legislators, regulators and law enforcement. The report concluded the state pension has long abandoned transparency;
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Illinois won a one-notch upgrade Tuesday from Moody’s Investors Service, action that turns the rating tide for a state stung by more than a decade of downgrades that left it one cut away from a speculative grade. Moody’s moved its general obligation and Build Illinois sales tax-backed ratings up one level to Baa2 from Baa3.
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Bill Foster, Democratic Representative and co-chair of the Congressional blockchain caucus, has called for a regulatory framework that would enable third parties to reverse fraudulent or criminal transactions. Foster is a physicist and a Democratic Rep for Illinois. The blockchain caucus is co-chaired by Democratic Rep Darren Soto, and Republican Reps Tom Emmer and David
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Copays and deductibles are features of health insurance plans. They involve payment on the part of the insured, but the amount and frequency differ. Key Takeaways Copays and deductibles are both features of most insurance plans. A deductible is an amount that must be paid for covered healthcare services before insurance begins paying. Copays are
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In this article 9988-HK 9888-HK FISV Leon Cooperman on CNBC’s “Halftime Report.” Scott Mlyn | CNBC Billionaire investor Leon Cooperman said Tuesday that stock picking is key to superior returns going forward as the overall market has grown stagnant after a historic rebound from the pandemic hit. “In terms of my long-term outlook, to be honest
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In a deal taking advantage of its new custodial relationship with Raymond James, RIA aggregator Mercer Global Advisors acquired a high-net-worth practice. A. Farah Investments’ AFI Wealth Strategies (AFI), a Wisconsin-based wealth management firm with about $240 million assets under management, sold to private equity-backed Mercer, the parties said on June 23. While the firms
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Vaxart (VXRT) made a big splash last year, as one of the smaller companies to enter the Covid-19 vaccine race. However, while Vaxart’s Covid-19 vaccine candidate’s oral nature differentiates itself from the pack, the program has yet to reach full fruition and results have been mixed so far. Jefferies’ Kelechi Chikere says the candidate has
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Institutional investors rushing in to buy properties is not a main reason for the ultra-hot U.S. housing market, Coldwell Banker CEO Ryan Gorman told CNBC on Tuesday. In an interview on “The Exchange,” the real estate executive acknowledged the potential for institutional buyers to add further pressure on prices, as they look for potential hedges against inflation,
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Crypto investments in India have been gaining significant traction over the past year, blockchain data indicates. Despite the ambiguous regulatory situation in the country, more than 15 million Indians have bought or sold digital currencies. Indian Crypto Investments Increase Amid Regulatory Uncertainty A growing number of Indians have put money into cryptocurrencies in the past
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Municipal triple-A benchmarks were little changed Tuesday while primary deals saw bumps in repricings as U.S. Treasuries and equity markets were also little changed on light economic data. It was all about the primary in the municipal market Tuesday, with several large deals from various credits and structures priced and sold competitively to good demand.
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Editor’s Note: Don’t miss Kitco’s LIVE interview with Gareth Soloway, chief market strategist of InTheMoneyStocks.com, on Tuesday, June 29, at 4:00 pm EST, to be hosted by anchor David Lin. Comments and questions will be taken. (Kitco News) – Brazil’s Vale announced today a C$150 million investment to extend current mining activities in Thompson, Manitoba
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Cheap money, increased public intervention, and massive stimulus plans have not worked as… by Daniel Lacalle via Mises The United States retail sales and jobless claims weakness, significantly below estimates, coincides with the largest fiscal and monetary stimulus in history. Something is not right when these figures come significantly below estimates in an environment of massive upgrades to gross
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The United States Oil Fund (USO) is an exchanged-traded product (ETP) that seeks to provide investment results corresponding to the daily price movements of West Texas Intermediate (WTI) light, sweet crude oil. The United States Oil Fund is designed for short-term investors who can continuously monitor their positions and who are bullish on short-term futures
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Mary Erdoes Adam Galica | CNBC JPMorgan Chase wants to take the sustainable-investing trend to the next level. To do that, the biggest U.S. bank by assets has agreed to buy OpenInvest, a San Francisco-based start-up backed by Andreessen Horowitz and founded by former Bridgewater Associates employees, CNBC has learned exclusively. It’s the third acquisition
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China’s ride-hailing app Didi will make its debut on the New York Stock Exchange after defeating Uber and becoming dominant on the streets of the country’s major cities, but with worries over growth and regulation on the horizon. Under the name of its holding company Xiaoju Kuaizhi, Didi aims to raise $3.9bn in one of
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