The Central Bank of Nigeria (CBN) has reportedly confirmed that its e-naira digital currency will have a legal tender and non-interest-bearing asset status. In addition, a limit on customer transactions and value-based transactions will be imposed. Five-Stage Launch According to a Nairametrics report, the new revelations concerning the e-naira’s design as well as the operational
Month: August 2021
Americans’ readiness to retire has moved from a concern to a crisis. Even Congress, with a comparatively weak recent record for bipartisan compromise, has acknowledged the concern. Late in 2018, in the midst of partisan wrangling, Congress passed the SECURE Act – a law aimed at beefing up the U.S. retirement income system. And it
New York State Comptroller Thomas DiNapoli cited the strength of the state’s pension system in lowering the long-term assumed rate of return on investments by the $268 billion Common Retirement Fund. The rate will drop to 5.9% from 6.8%, DiNapoli said in approving a recommendation from retirement systems actuary Michael Dutcher. The third-largest pension fund
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) – After a positive close at the end of last week, gold and silver start this week marginally lower. The yellow
The Jackson Hole conference might determine gold’s future direction, as many investors are… by Arkadiusz Sieron of Sunshine Profits Gold prices fluctuate around $1,800, waiting for signals from the Fed at Jackson Hole. Which way will we go after the conference? Finally! The price of gold returned above $1,800 this week, as the chart below
Most careers in finance involve finding effective ways to manage an organization’s money to create wealth and increase the organization’s value. Finance majors prepare for this career by studying planning, raising funds, making wise investments, and controlling costs. This knowledge sets them up for a wide array of career paths in all areas of financial services, including corporate
Rockets were fired at Kabul’s international airport on Monday as US troops rushed to complete evacuations a day ahead of the deadline for the withdrawal of its troops from Afghanistan. Jen Psaki, White House spokesperson, confirmed that the airport had come under rocket attack but said that “operations continue uninterrupted”. There was no report of
If any further proof was needed, this summer’s UN climate change report established beyond doubt that time is running out for humanity to contain catastrophic climate change. There are reasons for hope: accelerating progress in technology, growing business acceptance, and a clear prioritisation by policymakers mean that a pathway to net zero has a fighting
There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Axsome Therapeutics (AXSM – Research Report), Mersana Therapeutics (MRSN – Research Report) and Altimmune (ALT – Research Report) with bullish sentiments. Axsome Therapeutics (AXSM) H.C. Wainwright analyst Ram Selvaraju reiterated a Buy rating on Axsome Therapeutics today
Sharing is Caring! by Michael Snyder Reading the news has become like going to a freak show. You never know what you are going to see each day, but it is almost certainly going to be nutty. Some of the things that I am going to share with you in this article are weird, others
Bitcoin (BTC) is keeping everyone guessing this week as another Monday starts below $50,000. After rangebound movements over the weekend, bulls are still waiting for a decisive attack on the $50,000 mark — could it happen now? Despite optimism from analysts, it seems that not even an “uber dovish” Federal Reserve has the fuel to
When it comes to a home with a celebrity pedigree worth boasting about, it’s hard to beat a box-office giant with an Oscar in hand. But this place also has a musician of note in its recent ownership history. Red Oak Manor is part of actor Leonardo DiCaprio’s real estate portfolio. He bought the Los
The International Monetary Fund (IMF) says that crypto assets, like bitcoin, are privately issued with substantial risks, and “Making them equivalent to a national currency is an inadvisable shortcut.” The crypto community disagrees. IMF Claims Bitcoin Is Privately Issued Crypto With Substantial Risks, Inadvisable for Use as Legal Tender The International Monetary Fund tweeted about
Exchange-traded funds (ETFs) of the S&P 500 sectors began trading on December 22, 1998. ETFs have revolutionized investing. Among other effects, they allow an investor to slice and dice the major indexes, underweighting and overweighting the sectors according to the outlook of the investor. Recently, the Bespoke Investment Group published a study of how the
Sam Turvey and his ReThinkNYC civic organization have been battling powerful and entrenched transit and real-estate interests in their push to include through-running commuter trains as part of New York’s Penn Station modernization. More broadly, they and others are calling on Gov. Kathy Hochul to re-examine the Empire Station Complex plan. a real estate-and-transit trophy
U.S. West Texas Intermediate crude oil futures are trading higher late in the session on Friday as energy firms began shutting U.S. production in the Gulf of Mexico ahead of the major hurricane expected to hit early next week. At 20:19 GMT, October WTI crude oil is trading $68.66, up $1.24 or +1.84%. Not only
The global economy was supposed to be getting back to “normal” by now, but instead more problems are erupting with each passing day… by Michael Snyder of The Economic Collapse Blog The global economy was supposed to be getting back to “normal” by now, but instead more problems are erupting with each passing day. As
Risk measurement is a very big component of many sectors of the finance industry. While it plays a role in economics and accounting, the impact of accurate or faulty risk measurement is most clearly illustrated in the investment sector. Knowing the probability that a security—whether you invest in stocks, options, or mutual funds—moves in an
South Africa’s third wave of Covid-19 is behaving in “an unpredictable manner”, said Joe Phaala, health minister. The new case trajectory showed an initial steep downward trend after July 9, but had risen since August 13. Average positivity is 19-20 per cent, “very far from the WHO-recommended 5 per cent”. Authorities in the Philippines said
By Caroline Thorpe For education for all ages This large 1930s home in north-west Washington, DC is within walking distance of several of the city’s sought-after educational establishments: Horace Mann Elementary School, a state school for preschoolers to 11-year-olds; The Field School, a fee-paying school that teaches children aged 11-18; and American University. As well
In a report released yesterday, Christopher O`Cull from Stifel Nicolaus downgraded Brinker International (EAT – Research Report) to Hold, with a price target of $55.00. The company’s shares closed last Friday at $54.80. According to TipRanks.com, O`Cull is a 5-star analyst with an average return of 20.9% and a 73.3% success rate. O`Cull covers the
Sharing is Caring! by Michael Snyder August has definitely been a “turning point”, and in recent weeks we have had the opportunity to watch some incredibly shocking events unfold which will change the course of history permanently. At this moment, Hurricane Ida is the biggest story that everyone is discussing. As I warned about on Friday,
Enterprise adoption of blockchain technology is an important long-term goal of the cryptocurrency community because the integration of digital currencies with daily business activities will bring new users into the ecosystem and provide a boost to on-chain activity. One protocol that has been gaining traction on the enterprise adoption front is XinFin Network (XDC), an
Hurricane Ida is is expected to be a major landfalling hurricane on Sunday evening with a projected Category 4 status. Devastating winds and storm surge threaten nearly 1 million homes. The central Louisiana coast is at risk of bearing the brunt of Hurricane Ida’s extreme storm surge potential, with an estimated 941,392 homes in the Louisiana,
A bar in Brussels frequented by local anarchists has introduced crypto payments. Bitcoin is the money of the future, say the owners who have recently renovated the place. It is among the first such establishments in the Belgian capital to take coins for pints, they say. Dolle Mol Bar on Rue des Éperonniers Will Take
Today’s column addresses questions about the effect of no longer earning income on Social Security benefits, spousal benefit eligibility when a spouse’s disability benefit converts to a standard retirement benefit and the potential availability of divorced spousal benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
The Santee Cooper Board of Directors gave official approval Thursday to this week’s sale of about $430 million of tax-exempt revenue bonds as North Carolina finalized the sale of its $253 million grant anticipation revenue vehicle bond deal. The the South Carolina Public Service Authority transaction included about $146 million of Series 2021A refunding bonds
Brad Snyder won gold the first time he entered a pool for a Paralympic competition nine years ago, and he repeated that feat Saturday morning the first time he stepped on a Paralympic triathlon course. Both times, Snyder had never before won a major international competition in the respective sport. One of the most recognizable
“…the pandemic made it impossible to live in…Everyone is barely surviving these days…” by J.G. Martinez via The Organic Prepper I AM already in my BOL. After all these years plagued with poor decisions, I’ve concluded that leaving is not exactly wise for the time being. The post-pandemic world is no longer a friendly place for migrants.
What Is Student Loan Deferment? A student loan deferment lets you stop making payments on your loan or reduce the amount you pay for up to three years, in most cases. During the deferment period, no interest accrues on federally subsidized loans because the government picks up the interest payments. But interest on unsubsidized loans
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