A customer shops for groceries at La Tapatia Market during a blackout in Napa, California, on Wednesday, Oct. 9, 2019. David Paul Morris | Bloomberg | Getty Images The electric grid in the West is being tested like never before amid extreme-weather events, including raging wildfires and severe droughts fueled by climate change. Utility companies
Month: August 2021
Joe Biden’s $1tn infrastructure package had enough support from lawmakers to pass the Senate this week, Republican senator Susan Collins said on Sunday. Collins said the bill could be introduced to the Senate floor as soon as late-Sunday, and that she expected it to be backed by at least ten Republican senators. Speaking on CNN,
Social bonds — sold to fund causes such as building hospitals and schools — are likely to remain a “significant chunk” of the growing market for sustainable debt, even if issuance reduces as the Covid-19 pandemic eases, according to a S&P Market Intelligence report. The value of bonds sold to fund social causes jumped nine-fold
The CFP Board elected Daniel Moisand as its 2023 board chairman, the certifying and standard-setting organization announced today. A principal at Moisand Fitzgerald Tamayo in Melbourne, Florida, Moisand is a 30-year industry veteran who has logged two decades on the board’s practice and standards, disciplinary and ethics committees. He has been a CFP Board board
Dividends are payouts from companies that share their profits with their investors. They offer a regular source of income that can increase over time. This makes them particularly attractive for long-term investments, as well as for older investors, in particular those reaching retirement, or already retired. Even a small dividend yield can result in impressive
Bank of America, one of the nation’s largest financial institutions based on total assets, believes El Salvador could have a lot to gain with its latest foray into Bitcoin (BTC). In a report published last week, analysts at the bank said El Salvador’s decision to recognize BTC as legal tender could streamline remittances, promote financial
The matriarch of Southern Charm, Patricia Altschul is arguably the most glamorous “Bravolebrity.” She has style in spades. From her signature caftans to the historical mansion where she resides, the Isaac Jenkins Mikell House, which was designed by the famed interior designer Mario Buatta— no one knows how to create a home quite like she
Born four years ago as a result of the disagreement between two groups over scaling issues, Bitcoin Cash has grown to be so much more. Offering a full suite of solutions for cryptocurrency users, having support from thousands of merchants at a worldwide level, and recently introducing Smartbch, a project that aims to tether smart
Every two years, the National Institute on Retirement Security surveys Americans to measure their sentiment about retirement. The most recent polling again found that most Americans remain worried about retirement. More than two-thirds of Americans (67 percent) say the nation faces a retirement crisis. And, more than half (56 percent) are concerned that they
Financial markets “are very well prepared” for the Federal Reserve to start tapering its massive asset-purchase program in the fall, St. Louis Fed President James Bullard said, adding he’d want it to be completed by the end of the first quarter of 2022. “They’ve been expecting it, and they don’t really think asset purchases are
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) – Brazilian mining company Nexa Resources, a global producer of zinc, copper, lead and silver, announced today that its zinc production
The degree to which the policy stance has moved back to 100% “dovish” has been understated… by Dave Kranzler of Investment Research Dynamics I ordinarily do not spend time reading the FOMC policy statement after it’s released, saving that brain damage for CNBC. But I read the June release to assess for myself whether or
There is a fierce debate among scholars about when exactly globalization began. Economic globalization is a historical process driven by the dual forces of innovation and technology. In the most general sense, globalization refers to the increasing integration of economies around the world. This heightened integration is the result of the movement of goods, services,
Tesla’s Model Y compact crossover vehicles at a showroom in Shanghai, China, on January 18, 2021. VCG | Visual China Group | Getty Images Earnings season is well underway, as a number of mega-cap tech names released their financial results this past week. However, there’s still plenty more to come as several companies have yet
Donald Trump entered July with a war chest of more than $100m from his 2021 political committees, raising more than other Republicans in online donations during the first half of this year, new federal campaign finance filings show. Trump’s enormous cash flow — unprecedented for a former president — has renewed speculation that he is
General Min Aung Hlaing, Myanmar’s junta chief, has taken the title of prime minister as head of a “caretaker” government, six months after the military seized power in a coup. The military commander also promised to lift the country’s state of emergency and hold elections by 2023, in a move anti-coup activists said was meant
The wealth management sector has seen a wide range of new technology in the operating environment combining the physical, digital and biological worlds. In this discussion, Financial Planning Editor-in-Chief Chana Schoenberger sits down with Koley Corte, senior vice president and global head of business transformation at Alliance Bernstein, Edward Jones Principal Zar Toolan and Stefan
Shares of Boeing (NYSE:BA) are under pressure again, thanks to some more self-inflicted wounds with the recent halting of the 787 Dreamliner. Add renewed COVID-19 delta variant fears into the equation, and you’ve got the perfect formula for a falling knife of a stock. Today, shares of Boeing are bouncing back off its ominous July
Sharing is Caring! via donsurber: Flashback: The ‘I just left the ER’ variant is multiplying on Twitter, warning people they’re back to getting crushed by COVID-19. It’s everywhere. UPDATE: I just left the er. I didn’t see a damn thing. And I’m a nurse. Stop scaring people. — Disenfranchised Texan (@texas_bourne) July 26, 2021 Related: Imagine If They Hadn’t
BlockFi’s eventful 2021 has continued in the second half of the year as state regulators in the United States began to crack down on the company’s crypto interest-bearing accounts. The move likely marks another operational headache for the non-bank lender in a year of substantial fundraises and public listing plans interspaced by controversy and technical
Halfway through the year and the trend of low rates has stayed steady, even dropping multiple times over the past month. Rates hit 2.8% this week for 30-year fixed rate loans, according to Freddie Mac. This is veering ever closer to their lowest rates on record of around 2.65%, which they reached in January of
It has been more than six months since the Central Bank of Nigeria (CBN) directed banks to stop serving customers from the cryptocurrency industry. While the measure appears to have succeeded in removing crypto entities from the banking ecosystem, the policy has however led to the growth of peer-to-peer trading. ‘Central Bank of Nigeria’s Actions
The past 15 months haven’t been easy for anyone, but older workers experienced a unique set of circumstances that increase their risk of financial challenges in retirement. As the American population continues to age, the outcomes of those in the workforce age 55 and older must be front-and-center in the minds of policymakers in charting
Illinois Gov. J.B. Pritzker signed legislation moving governance of Chicago Public Schools to an elected school board, leaving the fate of $500 million of city financial obligations to the district unsettled. House Bill 2908 passed the legislature in June over the objections of Mayor Lori Lightfoot. Its sponsors sent it to Pritzker’s desk after promising
Silver markets have gone back and forth during the course of the trading session on Friday after initially gapping lower, and now it looks as if we are trying to digest the gains and figure out where to go next. This not a huge surprise, considering just how explosive silver was during the previous session.
Another day, another accounting error… by Jason Burack of Wall St For Main St Ex-Merrill Trader Says Co-Workers in Spoof Trial Taught Him How, and an “accounting error” overstates silver in vaults by 1.2 billion ounces! FULL SHOW NOTES AND LINKS HERE Commit to tipping us monthly for our hard work creating high level, thought
Serving on a corporate board of directors can be a lucrative side gig or second career for high-profile executives and recent retirees. Board membership is less stressful and time-consuming than earlier positions board members have taken on, while still offering an impressive income. The median compensation for members of private company boards of directors was
Varda co-founders Delian Asparouhov, left, and Will Bruey. Varda Space Industries Varda Space Industries, a start-up founded less than a year ago by a pair with experience at Elon Musk’s SpaceX and Peter Thiel’s Founders Fund, has now raised more than $50 million as it works toward its first mission in the first quarter of
China’s central bank has urged further “rectification” of the country’s fintech sector, adding more pressure to tech groups besieged by intensifying regulatory scrutiny. The latest warning from Beijing, which did not name any companies, comes against a backdrop of strengthening headwinds for Chinese tech groups, equities markets and foreign investors in the world’s second-biggest economy.
Given the sky-high valuations achieved by market newbies, it is fitting that their prospectuses achieve equally ridiculous bulk. US-listed ride-hailing apps Didi and Uber both bombarded would-be investors with about 400 pages of information. Paytm, listing in India, this month bested the duo with a 500-page “red herring”, as preliminary prospectuses are known. This is