The Central Bank of Nigeria (CBN)’s director of monetary policy, Hassan Mahmud, has suggested that the institution is not worried about the naira’s valuation but is instead interested in “boosting dollar supply on the currency market.” Naira Depreciation According to a report, Mahmud’s remarks were made just a day after the local currency touched a
Month: September 2021
Will you still be relevant when you’re no longer working? That’s something many people wonder as they near retirement. While the simple answer is yes, you may find that the toughest audience to convince is yourself. That’s because grieving the loss of a workplace identity is far more common than most people think. While we
Title: Director Public Finance — Credit StrategyFirm: Wells FargoAge: 39 Kristen Fontana always had an affinity for the policy side of public finance. After dipping her toes into public finance with an internship at an investment bank during the financial crisis, she decided to go back to school for a graduate degree. There, Kristen said,
Today, both gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX). Gold futures maturing on October 5, 2021, stand at Rs 46,938 per 10 grams, witnessing a downfall of 0.25 per cent or Rs 118. Meanwhile, silver futures, maturing on December 3, 2021, are retailing at Rs 64,001 per
Job openings spiked to record 11.7 million, while 12.1 million people still claimed unemployment benefits. Unfilled job openings have been spiking from record to record, and in July spiked to a new record. And the number of people who quit a job remained in record territory, as companies tried to fill jobs by offering higher
Closed-End Funds vs. Open-End Funds: An Overview Wall Street can be a complicated place. It’s full of products that even some of the experts don’t understand and—much like the $6.2 billion “London Whale” trading loss that took place at JP Morgan in 2012—sometimes complicated investments produce unexpected results. Many of the more complicated investment products are
In this article RKLB An Electron rocket gets ready to launch. Rocket Lab Rocket Lab signed a five-launch contract with European satellite data company Kinéis, in a deal that adds to the space company’s backlog. Kinéis is building an Internet of Things connectivity constellation with 25 satellites, all of which will be launched to orbit
Cathie Wood, the chief executive of Ark Invest and one of the world’s most closely watched investors, said her fund had significantly reduced its exposure to China, leaving only a portfolio of companies that were identifiably “currying favour” with Beijing. Ark’s sharp strategy shift, she told an audience of institutional fund managers on Thursday, was
Lloyd’s of London swung back to profit in the first half as a stronger underwriting performance at the specialist insurance market marked a recovery from the substantial pandemic-related losses suffered last year. Aggregate pre-tax profit at Lloyd’s, where underwriters agree deals with brokers to cover all manner of risks, was £1.4bn in the first half
Better get used to those Zoom meetings. Alpine Securities, a Utah-based brokerage that’s in hot water with Wall Street’s self-regulator over $5,000 monthly fees, lost its bid to force FINRA to hear its high-stakes disciplinary case in person. A federal district judge in Salt Lake City dismissed Alpine’s lawsuit against FINRA on Sept. 7. Alpine
According to TipRanks.com, Schwartz is a top 25 analyst with an average return of 36.0% and a 82.3% success rate. Schwartz covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Qualtrics International, and Procore Technologies. Intapp has an analyst consensus of Strong Buy, with a price target consensus of $38.63. See
In this article PYPL CTXS NIO COIN The Nio EP9 self-driving concept electric vehicle (EV) is displayed during the media day of 17th Shanghai International Automobile Industry Exhibition on April 19, 2017 in Shanghai, China. VCG | Getty Images Check out the companies making headlines in midday trading. Nio — Shares of the Chinese electric
Sharing is Caring! From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Two billionaire investors think you should own gold, Swiss are stocking up on gold, and woman arrested for selling $18,000 in fake gold bars. John Paulson and Mark Mobius
Australian buy now pay later (BNPL) giant Afterpay — now part of Jack Dorsey’s Square — has said that it is likely to pursue cryptocurrency services once the regulatory framework is clear. Following on from Afterpay’s submission to the Senate inquiry into “Australia as a Technology and Financial Center” which posited that merchants could slash
Josephine Gotianun-Yap is plowing ahead with growing her family’s diversified company despite a drag from the pandemic. In August, Filinvest Development president and CEO Josephine Gotianun-Yap made the gutsy call to go ahead with its listing of a REIT, into which it was injecting 17 office towers from its subsidiary Filinvest Land. At $236 million, Filinvest
Aerial views of the $500 Million dollar mansion dubbed “The One” in Bel Air, California. Google Earth A Los Angeles megamansion once expected to list for $500 million has gone into receivership after the owner defaulted on more than $165 million in loans and debt, according to court filings. The 105,000-square-foot Bel Air estate, known
In a report filed with the U.S. Securities and Exchange Commission (SEC), the fund managers for the Miller Opportunity Trust, Bill Miller’s hedge fund, state that “bitcoin has significant upside potential as a form of digital gold.” The report details that despite its volatility, bitcoin’s “risk-reward is attractive.” Hedge Fund Manager Sees Bitcoin’s ‘Significant Upside
State and local government pensions assure workers and retirees that they enjoy the same protections as the comprehensive federal law, ERISA provides to corporate participants. That’s simply not true. Don’t count on state law to protect your retirement security. It has been said that the Law is a blunt instrument, incapable of dealing with all
The Puerto Rico Planning Board is more optimistic for economic growth for the next 10 years than the Oversight Board is in its adopted fiscal plan. This Planning Board, the local government body that analyzes economic data and makes economic and demographic projections, expects an average 1.04% real Gross National Product growth from fiscal 2022
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) – Nord Gold, the internationally diversified gold producer, announced today that its refined gold production of 493.1 koz in H1 2021
“Gold is the primary store of value for those who mistrust the government, but silver remains the refuge of choice for most people because it is cheaper and more accessible.” The aptly-named New York University professor William Silber wanted to title his book “Silber on Silver” – but his publisher instead had him settle for The
Financially speaking, divorces can be messy. Between state laws, beneficiaries, and dividing assets, it can become incredibly complicated to untangle your finances from your former spouse. If you find yourself needing to un-merge your money, follow these steps to cover your bases and recover your assets. Key Takeaways Depending on your state of residence, the
In this article SAM Health conscious American millennials have found their drink of choice: alcoholic carbonated water that is lower in calories and carbs than beer and wine. A hard seltzer craze is sweeping the United States as Generation Y and Generation Z pursue healthier lifestyles, influenced by viral trends on Instagram and YouTube. TIMOTHY
US economic growth “downshifted slightly” between June and July as the more contagious Delta variant and labour supply shortages hampered business activity, the Federal Reserve reported on Wednesday. The latest Beige Book report suggested the pace of the recovery from the depths of the pandemic has slowed to a more moderate pace. Scientists are using
Global stocks fell on Wednesday as investors anticipated the unwinding of central bank stimulus measures that have helped prop up markets throughout the coronavirus pandemic. Wall Street’s blue-chip S&P 500 index closed down 0.1 per cent, while the tech-heavy Nasdaq fell 0.6 per cent. Declines were broad-based, with cyclical sectors such as financials and energy
Wealth management firm Hightower announced Tuesday that it has acquired a $1.5 billion advisory firm based in Arlington, Virginia. Alexandria Capital has 10 advisors and is led by CEO Augustine Hong and CIO Jonathan Ferguson. “Joining Hightower will magnify our ability to deliver the services that clients value most and give us a wide range
PayPal (PYPL) recently announced its intention to start its own stock-trading platform, a lucrative segment that could bring forth even more growth for the fintech giant. As other competitors within the red-hot space look to break into the payments and wallets arena — think Shopify (SHOP) with its Payments business, and Alphabet (GOOGL) with Google
Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Lululemon — Shares of the athletic retailer surged more than 10% in after hours trading on Wednesday after reporting fiscal
Sharing is Caring! from John Wilder at Wilder Wealthy Wise. “The stars are veiled. Something stirs in the East. A sleepless malice. The eye of the enemy is moving. He is here.” – Lord of the Rings: The Return of the King I love really large clocks. Big time. Common violence. Organized violence is occurring monthly. Opposing sides develop
Blockchain infrastructure developer Blockstream has partnered with Macquarie Group, an Australian multinational investment bank, to launch a new pilot for a Bitcoin (BTC) mining facility with a mandate of exploring carbon-neutral alternatives. As part of the pilot project, Macquarie is investing in one of Blockstream’s enterprise-grade mining facilities, the companies announced Wednesday. This will allow
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