A pair of special purpose acquisition companies are taking trading apps public amid weakness in that corner of equity capital markets, testing the willingness of their app users to buy into their business models. Acorns Grow, which offers an app with investing and banking products, is the latest to throw its hat into the public
Month: June 2021
It’s not a new development by any means, but there is a growing feeling the need for clean energy sources is now almost universally recognized. For investors, there are now multiple opportunities to play this secular trend. These were fully taken advantage of in 2020’s post-covid resurgent market. New energy stocks were flavor of the
In this article CLDR MRO UAL BA AAL UNH COWN A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma. Nick Oxford | Reuters Check out the companies making headlines in midday trading. Devon Energy and Marathon Oil — Shares of Devon Energy and Marathon Oil jumped more
Sharing is Caring! by Jeff Thomas via International Man In 1944, the US had been the primary supplier for arms for the allies during World War II and, as such, exited the war with more wealth than any of the other nations that had entered the war earlier, draining their treasuries of money. Since payment was
This grand mansion built in 1885 has deep roots in Montecito. For three decades, it was the family home of the famed Moody Sisters, four women who left their mark on Santa Barbara housing by designing and developing what are known as Moody Sisters Cottages. Trailblazers at a time when few women had jobs outside
The creator of the popular bitcoin price model called stock-to-flow (S2F or S2FX) has added a new dot to his notorious chart. Plan B said on Tuesday that “we knew bitcoin would not go up in a straight line” and added that the market action is “starting to look like 2013.” S2FX ‘Intact’ Says Plan
Today’s column addresses questions about whether it’s always possible to delay spousal benefits after taking retirement benefits, whether benefits can be suspended after they convert from SSDI to retirement at full retirement age and effects of lump sum non-covered pensions payments. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and
Municipals were little changed Tuesday, largely ignoring a weaker U.S. Treasury market, as participants await light supply with a lot of cash on hand. Municipal to UST ratios started the week hovering at recent levels, closing at 61% in 10 years and 66% in 30 years, according to Refinitiv MMD. ICE Data Services saw ratios
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 modestly higher in early morning U.S. trading Tuesday, with gold scoring a five-month high. Bullish outside
That the era of stability has ended and a new era of increasingly chaotic volatility has begun is not on anyone’s radar as a possibility… by Charles Hugh Smith via Of Two Minds That the era of stability has ended and a new era of increasingly chaotic volatility has begun is not on anyone’s radar
The crypto space has grown significantly in recent years, with various projects harnessing different blockchains for their solutions. Dusk Network, a blockchain focused on privacy, now offers projects the opportunity to apply for funding for Dusk-related endeavors. “The Dusk Grants Program seeks to engage (independent) projects, developers, researchers, academics, or community organizers that want to
FedEx Corporation (NYSE: FDX) is famous for its express service, but the company also offers ground shipping and freight services. With 490,000 team members, FedEx moves shipments to more than 220 countries and territories around the world. In addition to deliveries and time-sensitive express service, FedEx Offices stores are brick and mortar locations that provide
ArcelorMittal, one of the world’s biggest steel producers, is among a number of companies poised to swoop for the French steel plants of beleaguered metals tycoon Sanjeev Gupta. German steel producer Saarstahl and Italy’s Beltrame Group are also in the running to buy Gupta’s French plants Ascoval and Hayange, sources familiar with the situation confirmed.
Italy avoided falling into recession in the first three months of the year as revised statistics showed that the economy had expanded, pointing to unexpected resilience ahead of a rebound forecast for the second quarter. Gross domestic product rose 0.1 per cent in the first quarter compared with the previous one, according to revised data
When the best talk, people listen. It works in all walks of life, but especially the stock market. Investors are keen to read the latest stock reviews from Wall Street’s professional analysts, but knowing who’s the best is the place to start. Covering the markets for investment firm and brokerage Oppenheimer, Colin Rusch has built
Take a look at some of the biggest movers in the premarket: AMC Entertainment (AMC) – AMC is selling 8.5 million shares to investment firm Mudrick Capital for $230.5 million, following the recent surge in the movie theater operator’s stock price. AMC plans to use the proceeds to pursue the acquisition of theater assets and
Sharing is Caring! Normally, during an economic downturn, companies stockpile because they haven’t predicted the slowdown in demand well. This time, the sequence was different. Wood, copper , plasterboard, tiles, electronic chips, cars… The shortage of goods is everywhere, with logistic chains interrupted and totally disorganized due to Covid. These are some stocks that are
Kellie Rastegar is Co-Founder and Creative Director at Rastegar Property Group. Over the course of the pandemic, real estate investors have faced many challenges, with some asset classes soaring and others left struggling. In multifamily, the pandemic has created new demands from renters and new priorities for investors and developers with the rise of remote work.
One of India’s leading private banks with 5,608 branches and 16,087 ATMs, HDFC Bank, has published a report stating that “it is just a matter of time before Indian investors have legal access to crypto plays.” This statement came as the bank scrutinizes crypto transactions in customer accounts. HDFC Bank Predicts Legal Acess to Crypto
Introduction President Biden released his administration’s proposed budget for fiscal year 2022. While spending focuses on infrastructure, clean energy, etc., it includes a host of proposed tax changes affecting individuals and corporations. Some of the significant tax changes that many taxpayers hoped wouldn’t happen, like Senator Van Hollen’s taxation on transfers and death, are included.
Silver price shows calm positive trading to move away gradually from the bullish channel’s support, therefore, our bullish trend expectations will remain valid in the upcoming period, getting continuous support from the EMA50, waiting for visiting 29.00 level as a next main station, reminding you that the continuation of the bullish wave requires holding above
It seems like there’s some semblance of backlash over masks which destroy immune systems and cause lung problems as even… by Josh Sigurdson via World Alternative Media Josh Sigurdson reports on the latest ruling against mask mandates by Judge Christian Dettmar of the Weimar District Court in Germany who ruled that masks are not only
Bitcoin (BTC) may have just had its worst monthly candle in ten years, but it could yet surge to new all-time highs this year, says popular analyst PlanB. In a tweet on June 1, the creator of the stock-to-flow-based BTC price models said that Bitcoin is behaving like during its 2013 bull run. Stock-to-flow “intact”
An information cascade occurs when a person makes a decision based solely on the decisions of other people, while ignoring their own personal knowledge to the contrary. It’s a theory used in the field of behavioral economics and has important implications for financial markets. Recognizing and avoiding this behavior can help people make better financial
Singapore’s government hopes to lift pandemic-related restrictions from June 13 if it can get a number of local clusters under control. The health ministry on Monday confirmed 16 new cases of locally transmitted Covid-19 infection, of which 13 are linked to previous cases. Lee Hsien Loong, prime minister, said testing would be stepped up even
Last month, Nick Woodward* was carefully choosing a bottle of wine from his cellar. It was an important occasion: he was heading to his ex-wife’s house, where their two daughters were living for that half of the week. They had all just got back from holiday together, so it felt like the right time to take
Hibbett Sports, Inc. (HIBB) reported stronger-than-expected Q1 results, topping both earnings and revenue estimates, driven by robust comparable sales growth of 87.3%. Shares of the athletic-inspired fashion retailer gained 345.6% over the past year. The company reported earnings of $5.00 per share in Q1, beating analysts’ expectations of $2.77 per share. This compared to adjusted
Sharing is Caring! by Charles Hugh-Smith What does it say about our “prosperity” if we can’t even afford to equal the purchasing power of the minimum wage paid 50 years ago? It says the 1% got the mine and the bottom 90% got the shaft. Given the rising prosperity we keep hearing about, shouldn’t we
If the name Caroline D’Amore sounds familiar, it’s because you may have heard of her family’s pizza restaurant D’Amores, which has been a Los Angeles staple for years. She’s also acted in films, modeled, and even toured around the world with Paris Hilton as a DJ. But 2021 might just be her year. In addition to being the
U.S. banking corporation BNY Mellon is gearing up to offer crypto custody services out of Dublin where it has just established a digital hub. The news coincided with a stark warning issued by a top central bank official in Ireland who said people should only buy bitcoin if they’re prepared to lose money. BNY Mellon