The Securities and Exchange Commission has settled with Sweetwater Union High School District in San Diego County, California, as well as its former chief financial officer Karen Michel for misleading investors in connection with an issuance of $28 million of municipal bonds. The Commission charged Michel with violating Section 17(a)(3) of the Securities Act of
Month: September 2021
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 have moved higher heading into the European open this morning. Gold is now trading at $1765 after a
This is how all empires end, they lose not only wars but also total control of… by Egon von Greyerz of Gold Switzerland The final phase of Empires normally ends with the same signals whether it was 2000 years ago in Rome or today in the US. One of the first signs is losing wars
After a period of rapid expansion, the Latin American banking sector has experienced slower growth in recent years because of political upheaval and plummeting commodity prices. While the future looks uncertain, major banks are hoping they can return to the double-digit annual growth they saw a decade ago. As of April 30, 2021, the largest
Europe’s food industry is braced for disruption after a second fertiliser group closed plants, as the impact of the region’s gas shortage threatens to ripple through the supply chain. Norway’s Yara International said on Friday it would curb production at several facilities in the EU and UK, adding to the shuttering this week of two
Australia has rejected Chinese and French criticism of Canberra’s decision to sign a defence pact with the US and UK to build nuclear-powered submarines, saying the “incredible uncertainty in the Indo-Pacific” made the deal a necessity. Peter Dutton, Australia’s defence minister, said the country would not be deterred from deepening its alliance with its western
Most retirement plan participants aren’t finding what they’re looking for in the digital tools of their 401(k) providers, according to a new J.D. Power survey. Only 24% of retirement plan participants strongly agree that their 401(k) provider “offers proactive guidance and help,” and just 43% find it very easy to locate the information they’re seeking
AMC Entertainment (AMC) will start accepting cryptocurrency as payments before the end of the year. Reuters reported that the theater chain will accept Ether, Bitcoin Cash, Litecoin, and Bitcoin as payment for ticket purchases. AMC shares fell 1.71% to close at $46.04 on September 16. AMC Entertainment is a theatrical exhibition company that owns and
South Korea’s Minister of Strategy and Finance, Hong Nam-Ki has vowed that the controversial crypto tax code will come into effect on January 1st, 2022 despite moves this week by the majority Democratic Party to postpone it to 2023. The tax code will levy a 20% tax on income generated by crypto transactions in excess
As part of a broadly diversified investment portfolio, passive real estate makes sense for many near retirees. Some are folks who own income-generating rental properties, for instance. They enjoy the cash flow, but are past the life stage where they’re okay with phone calls at 3 a.m. from tenants with HVAC issues. Others don’t own
The Emerald Bay residential project developed by China Evergrande in the Tuen Mun district of the New Territories in Hong Kong, China, on Friday, July 23, 2021. Lam Yik | Bloomberg | Getty Images Chinese property giant Evergrande is on the brink of collapse, and analysts warn the potential fallout could have far-reaching implications that
The president of the European Central Bank (ECB), Christine Lagarde, says cryptos are not currencies, adding that they are “highly speculative, suspicious occasionally, and high intensity in terms of energy consumption.” She also discussed the need for stablecoin regulation and central bank digital currencies (CBDCs). Lagarde: ‘Cryptos Are Not Currencies. Full Stop’ ECB President Christine
Recent Proposal The House Democrats are proposing a $3.5 trillion spending plan. To support that package the Democrats have proposed tax increases to fund a large portion of that plan. The House Ways and Means Committee just issued statutory language for the tax increase proposal. While the tax legislative process will no doubt evolve with
Puerto Rico’s local government revoked a law the Oversight Board has been considering using to issue restructured bonds without the local government’s support. Puerto Rico Gov. Pedro Pierluisi signed Project 959 on Thursday, revoking the 1942 law, which had been used over the years to justify bond refundings. Puerto Rico Gov. Pedro Pierluisi and the
Wall Street fell on Thursday after getting a fleeting boost from a stronger-than-expected report on retail sales that suggested consumer spending held up despite concerns over the Delta variant. John Lynch, Comerica Wealth Management CIO and Mark Luschini, Janney Montgomery Scott Chief Investment Strategist joined Yahoo Finance Live to discuss. Video Transcript SEANA SMITH: Got
They’re about to do bail-in regimes and they’re draining people of their savings. Regulations are piling up and so are… by Josh Sigurdson via World Alternative Media Josh Sigurdson reports on the crazy news regarding the mass subsidization of restaurants and businesses in New York as bankruptcy runs rampant due to lockdowns, mandates and loss
As COVID-19 testing markedly expands under President Biden’s recently announced six-point national strategy, people who use at-home tests may be able to have their out-of-pocket costs covered in full. Key Takeaways The costs of home COVID-19 tests are eligible medical expenses, the IRS says, making them reimbursable under FSAs or HSAs and tax-deductible for some
Thailand aims to lure up to 1m wealthy residents and cash in on remote-working professionals uprooted by Covid-19 by offering long-term visas to foreigners who invest $250,000-$500,000 in property or government bonds. The visa scheme, unveiled by Prayuth Chan-ocha’s cabinet this week and subject to legal changes, will target “affluent global citizens”, wealthy pensioners, digital
The contest to replace Yoshihide Suga as Japan’s prime minister kicks off on Friday with a four-way battle between a US-educated champion of deregulation, a sceptic of neoliberal policies and two outspoken female politicians seeking to become the first woman to take the top job. With the Covid-19 crisis leaving the ruling Liberal Democratic party
Fidelity Investments urged the SEC to approve its Bitcoin ETF in a private meeting, listing the virtues of an idea that the regulator has been slow to embrace. Executives including Tom Jessop, president of Fidelity Digital Assets, met with SEC officials in a Sept. 8 video call, filings show. They laid out reasons why the
Every investor wants a sure return – that’s the way to make money in the markets, after all. With the main indexes all showing strong gains for the year (19% on the S&P 500, and 18% on the NASDAQ), those returns are clearly on the table. But there are some shorter-term downward moves, and plenty
Interoperability has become one of the driving themes within the crypto market and as the blockchain ecosystem evolves into an interconnected web of layer-one protocols, the importance of communication and efficiency among decentralized applications (dApps) will also increase. Ren (REN), a blockchain protocol designed to provide interoperability and liquidity between different blockchain platforms, has started
Having left their hearts in San Francisco during the depths of Covid, people are returning to the City by the Bay. Lots of them have been drawn by the rebounding sense of normalcy afforded by the city’s comparatively high rates of inoculation. Many have also been lured by a renewed focus on what might be
Christy Gentry and her husband have been dealing with California’s wildfires for the past four years. In 2017, the couple evacuated their Santa Rosa home for three weeks. In 2019, they were forced to cut a trip to Hawaii short and get their animals and stuff out of their house as a fire approached. “It
Cryptocurrency exchange Coinbase has filed an application with the National Futures Association (NFA) to offer futures and derivatives trading on its platform. The exchange says its new offerings aim to “Further grow the cryptoeconomy.” Coinbase Registers to Offer Crypto Futures and Derivatives Trading Coinbase Global Inc. (Nasdaq: COIN) announced Wednesday via Twitter that it has
Work has changed. Not just for workers on factory floors and warehouses finding their new colleague may be a robot, but also for those working in downtown glass high rises. Ethan, a senior partner in his firm, shakes his head in disbelief. He says, “When I graduated nearly 40 years ago and began interviewing for
A battle between the haves and the have-mores may split up a well-off California school district. The 70-year-old district that serves Santa Monica and Malibu is contemplating breaking up along city borders. Or more precisely, the even-richer city of Malibu wants to split its schools from those in its more urban neighbor. If they continue
Silver price continues to fluctuate around the broken neckline of the head and shoulders’ pattern, and the EMA50 forms continuous negative pressure against the price, to continue suggesting the bearish trend that depends on the price stability below 23.95, reminding you that we are waiting to visit 22.90 as a next main target. The expected
A monetary metal does not work like a heavily-shorted stock… by Keith Weiner of Monetary-Metals This time, we start with the gold-silver ratio. Let’s revisit something we said on 23 August: “…the supply and demand fundamentals of silver are stronger here than they have been since the Covid crisis. … physical silver is scarcer than gold.”
Microsoft Corporation’s (MSFT) board has approved a $60 billion stock repurchase program, according to reports. The company also raised its quarterly dividend to 62 cents from the earlier 56 cents. The dividend will be paid out on Dec. 9 to persons who held Microsoft shares as of Nov. 18. The share repurchase program does not
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