Month: September 2021

With a white-hot real estate market and so many people moving, you’re bound to need a housewarming gift or two these days. But why go for generic flowers or yet another bottle of wine when you can choose something that’s truly meaningful? Whether you need to buy a luxury housewarming present, an eco-friendly gift, or
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Orlando Bravo, the billionaire who co-founded private equity firm Thoma Bravo, says he is very bullish on bitcoin, expecting the cryptocurrency to “increase significantly.” He described: “Crypto is just a great system. It’s frictionless. It’s decentralized. And young people want their own financial system. So it is here to stay.” Billionaire Investor ‘Very Bullish’ on
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Yesterday Congress avoided a government shutdown. But the fix is temporary. And all the uncertainty caused the stock market to plunge almost 5% for the month of September. Since Republicans are adamant about not raising the debt limit; there is more trouble ahead.   What would a government shutdown mean for ordinary Americans? Since essential
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Federal authorities dropped the hammer Thursday on the former head of fixed income trading at the now defunct Atlanta-based IFS Securities Inc. for allegedly engaging in unauthorized and speculative trading activity that bankrupted the firm. The U.S. Attorney’s Office for the Northern District of Illinois and the Securities and Exchange Commission filed criminal and civil
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It has been a very frustrating year for holders of precious metal. However, price…  by Craig Hemke via Sprott Money News The French originally came up with this idea, and their term is “théâtre de l’absurde”…theater of the absurd. What better way to describe the current political atmosphere of the U.S.? If you search the
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Many consumers have little understanding of finances, how credit works, and the potential hit to financial well-being that poor financial decisions can create for many, many years. In fact, a lack of financial understanding has been signaled as one of the main reasons many Americans struggle with saving and investing. Every few years, the Financial Industry
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US senators accused Facebook executives of prioritising profits over children’s safety during a hearing that comes amid new reports about how the company’s products affect young people. “We now know that Facebook routinely puts profits ahead of kids’ online safety,” Richard Blumenthal, Democratic chair of the Senate’s consumer protection subcommittee, said on Thursday at the
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German inflation hit 4.1 per cent in September, its highest level for 29 years, prompting some economists to question whether central bankers are right to assume the surge in prices is only temporary and will disappear next year. The last time inflation in Germany was as high, Helmut Kohl was still chancellor, the Deutschemark was
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Questionable brokerages with rogue salespeople deservedly get slammed for routinely failing to pay regulator-ordered money to investors whom they’ve cheated. But independent advisory firms with sketchy financial planners are equally bad when it comes to not ponying up required awards — a problem that’s both murkier and getting worse, according to a report released Wednesday
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Sharing is Caring! by Martin Armstrong Believe it or not, San Francisco reveals how capitalism might be able to solve the crime surge. The Dream Keeper Fellowship is launching in October, and it will pay individuals $300 each month to not be involved in shootings. Meanwhile, they haven’t put 2 and 2 together. Rising crime is due
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While there’s a lot of hype surrounding digital currencies like bitcoin, a great number of people are still confused by the crypto economy and the myriad crypto assets that exist. One study shows that some people think Ethereum is a drug, while others think Cardano is a cheese. Traders of Crypto Surveys Hundreds of Britons,
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Advocates of repealing the cap on the state and local tax deduction are hopeful negotiations are moving toward that measure’s inclusion in the multi-trillion dollar reconciliation package Democrats hope to pass in the coming weeks, though the ongoing talks are injecting huge uncertainty into what that package will eventually look like. Rep. Tom Suozzi, D-N.Y.
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Bitcoin may have an attractive use in the overseas remittance market. By using cryptocurrency as a medium to send money overseas, users may be able to avoid some of the high costs charged by traditional banks and money transfer services. Many people around the world regularly send money to their friends and family abroad. A
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Manufacturing activity in China suffered its first official contraction since the beginning of the coronavirus pandemic as widespread power shortages compounded a loss of momentum across the country’s economy. China’s manufacturing purchasing managers’ index, an official gauge of factory activity, was 49.6 in September, dropping below the 50-point threshold that separates monthly contraction from expansion
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The pandemic that had most of the country quarantining at home in 2020 also shuttered courts and sent state securities regulators to work in their bedrooms and basements just like their constituents. But they continued hunting down fraudsters, the annual report of the North American Securities Administrators Association shows. “NASAA members are the first line
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As another wild week filled with liquidations and panic selling wraps up, a short-term rally managed to push BTC (BTC-USD) prices just north of $42,000. Still, dipping prices have triggered renewed interest as the ecosystem witnesses an influx of retail investors. The Fundamental Look Following a 24-hour low of $40,783.73, BTC prices have crawled back
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