Month: September 2021

Federal Reserve Chair Jerome Powell and his counterparts at the European Central Bank, Bank of Japan and Bank of England voiced cautious optimism Wednesday that supply-chain disruptions lifting inflation rates around the world would ultimately prove temporary. “The current inflation spike is really a consequence of supply constraints meeting very strong demand, and that is
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Despite Beijing’s ever-increasing crackdown on the crypto industry, there are still some signs of life in the People’s Republic regarding the Bitcoin network and OTC trading. China intensified its clampdown on crypto last week in an effort to suppress any remaining activity related to digital assets within its borders. The regime specifically targeted crypto transactions,
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Last month, I talked about how to handle investment losses gracefully, reaping the hard lessons of the stock market as you re-assess your trading goals. Almost as important as coping with loss is the way you handle your successes. If you have invested thoughtfully in a well-researched stock (or even if you’ve just encountered a
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The US Securities and Exchange Commission has accused a former Goldman Sachs compliance analyst of making hundreds of thousands of dollars using confidential information gleaned from his role at the bank. The SEC complaint filed on Wednesday said Jose Luis Casero Sanchez, 35, who worked for Goldman as a senior compliance analyst in Warsaw, Poland,
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Sharing is Caring! by: Stefan Gleason A prominent U.S. Senator just called the head of the nation’s central bank “dangerous.” Unfortunately, the true dangers of U.S. monetary and fiscal policy were lost on everyone involved. On Tuesday, Federal Reserve Chairman Jerome Powell testified before the Senate banking committee, where Senator Elizabeth Warren led the left
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Today’s column addresses questions about the earnings test and independent contractors, whether early reductions to disabled widow’s benefits are permanent and the possibility of taking spousal benefits only after early retirement benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more Ask
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Municipals were slightly weaker outside of five years Wednesday, with triple-A benchmarks cutting levels by a basis point or two, after four days of a correction to higher yields not seen since February and March of this year. U.S. Treasuries pulled back from Tuesday’s losses earlier in the morning, but yields rose into the afternoon
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[Click here for an interactive chart of silver prices] Meanwhile, the US dollar index touched a fresh 10-month high, reducing the appeal of precious metals for foreign currency investors. The greenback has remained strong since the Federal Reserve signaled last week that a reduction in stimulus could happen soon, which also drove up Treasury yields. “We
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Artificial intelligence improves the accuracy of short-term weather forecasts and particularly the prediction of storms and heavy rain, according to research by the UK Meteorological Office and DeepMind, the London-based AI company. Their project focused on “nowcasting” — pinpointing the timing, location and intensity of precipitation at high resolution up to two hours ahead —
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Early in his career, financial advisor Michael G. Mohr of Comprehensive Financial Management got bored with being a traditional CPA. He decided to make ultrahigh net worth clients his specialty and narrow the Silicon Valley-based practice’s base to no more than three, Mohr recalled last year at the Hawaii Community Foundation’s Professional Advisor in Philanthropy
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BMO Financial Group (BMO), North America’s eighth-largest bank, has announced donations totaling C$600,000 to Indigenous organizations across Canada to commemorate the first National Truth and Reconciliation Day on September 30. Selected in consultation with BMO’s Indigenous Advisory Council, this commitment supports seven Indigenous-led organizations that promote healing and advance cultural re-appropriation. Mike Bonner, co-chair of
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