Peter Thiel Adam Jeffery | CNBC Peter Thiel, the tech billionaire who co-founded PayPal and Palantir and backed Donald Trump’s 2016 presidential campaign, has filed plans to build a large complex on a 193-hectare (477-acre) estate that he owns on the South Island of New Zealand. Thiel, an early investor in Facebook who sits on
Month: September 2021
Iran’s Ministry of Industries, Mining and Trade has rejected claims blaming illegal cryptocurrency miners for the continuing electricity shortages in the country. The department believes the state-run utility company, Tavanir, has overestimated their role in the power deficit. Illegal Miners Burn Less Energy Than Tavanir Estimates, Ministry of Industries Says An official from the Iranian
A funny thing happened on the way to that $56,000-a-year Alzheimer’s drug: Payers are reluctant to pay, providers are reluctant to prescribe, and the price is coming down—at least for some patients. It is a tale that could push Congress to allow Medicare to negotiate drug prices. Reuters reports that Biogen BIIB , which sells
Widespread Puerto Rico power outages this week are highlighting the extended age of the Puerto Rico Electric Power Authority’s infrastructure and its impact on the economy. The outages affected 33% to 37% of the authority’s customers since Monday and will continue to afflict many for a few more days, according to PREPA. Demand has been
Agnico Eagle Mines (NYSE: AEM) announced today that it has agreed to subscribe for 13,333,333 units of Candelaria Mining (TSX-V: CAND) in a non-brokered private placement at a price of $0.45 per unit for total consideration of approximately $6,000,000. With the investment Agnico Eagle will now own 23,453,333 common shares and 6,666,667 warrants, representing approximately
Investors should prepare themselves for a scenario where gold and silver… by Stewart Thomson of Graceland Updates 1. Why is Jay Powell so adamant that inflation is temporary? 2. If the Fed acknowledges that higher inflation is ingrained, it must raise rates and kill its QE welfare programs for stock, bond, and real estate investors. That’s the last
Modern divorces bring with them interesting (and potentially painful) problems to resolve—like who gets to decide the fate of any frozen embryos or who gets custody of shared pets. It also involves traditional issues, such as child custody and visitation rights. Deciding how to share or divvy up rights to living and potential living beings
European companies have been hit with a rise in shareholder protests over pay at annual meetings this year as big investors sought to punish businesses they think funnelled too much cash to executives during the pandemic. According to a report by Georgeson, a corporate governance consultancy, there was an 18 per cent rise in shareholder
Apple said on Wednesday that it would loosen strict payment rules for certain app developers including Netflix and Spotify, allowing them to include links to their websites that would enable the companies to bypass the fees imposed by the iPhone maker. The concession was prompted by an investigation into Apple’s App Store by the Japan
(Bloomberg) — Pressure is increasing on managers of ESG-labeled investment funds to show they’re being truthful with customers about what they’re selling. The heat was turned up last week when the Securities and Exchange Commission and BaFin, Germany’s financial regulator, initiated a probe into allegations that Deutsche Bank’s asset-management arm had misstated the environmental —
For investors seeking a strong growth option, and willing to take on some added risk, the biotech sector offers an unparalleled opportunity. There are few sectors that can bring returns the way that biotech can. These companies, while they must initially labor under famously high overhead and research costs, are also known for seeing huge
A dog sits in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell. ChargePoint Holdings — ChargePoint, which makes charging systems for electric vehicles,
Sharing is Caring! by Martin Armstrong This compiled video sums up Australia’s FINEST Politician and how absolutely insane she has become in the face of this manipulated pandemic for political purposes. I think she must have watched too many Naxi films when growing up and was deeply inspired. This is who the Australian police are protecting. Well,
Curtis Sliwa, a beret-wearing Republican running to be the mayor of New York City, said one of the goals of his campaign is to focus on crypto. In a Wednesday tweet, Sliwa said he would be focusing on creating greater financial inclusivity in New York City by opening more crypto ATMs and incentivizing businesses to
Best-selling mystery novelists Jonathan and Faye Kellerman are preparing to write a new chapter in Santa Fe, New Mexico, where for their custom home is on the market. The contemporary Pueblo-style dwelling is listed for $2.595 million. Perched on a ridge, the earth-tone stucco house sits on a nearly three-acre lot with views of the
The exterior of the Gloria Crest Estate located in Englewood Cliffs, New Jersey. LuxQue Media / Mike Aghachi A mansion was once hailed as one of the most expensive homes for sale in New Jersey, has seen its price drop like a ton of bricks. Back in 2013, the 28-room estate at 83 North Woodland
This week a project called Pleasrdao announced that a notable Doge non-fungible token (NFT) that sold in June 2021 for 1,696.9 ether or over $3.6 million at the time of sale, will be fractionalized. At the time of sale, the Doge NFT was a historic sale and the NFT’s owner wants others to enjoy the
I suspect that after years of reciting the same headline numbers, we tune them out: The Social Security Old Age and Survivor’s Insurance Trust Fund will not be able to pay full scheduled benefits after the year 2033, one year earlier than forecast in last year’s report; when the Trust Fund is exhausted, it will
Municipal trading dropped 25% on Wednesday after an already very slow few days in the secondary, leaving municipal benchmark yields little changed, as U.S. Treasuries also held steady and most participants began checking out for the holiday weekend. For the 25th week in a row, municipal bond mutual funds saw inflows of nearly $2 billion,
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 prices are slightly lower and silver solidly higher in midday U.S. trading Wednesday. Metals traders are seeking the next significant
The current inflationary concerns are less important than current global market expectations… by Chris Vermeulen of The Technical Traders Last week, the US Federal Reserve reiterated statements in support of continued easy money policies and support for a recovering US economy. Additionally, Jerome Powell made a statement suggesting tightening too early could be much more
Electric car maker Tesla, Inc. (TSLA) might say Namaste to India soon. The country’s Ministry of Road Transport and Highways has tested four Tesla models and certified them to be roadworthy. “The tests ensure the vehicle matches the requirements of the Indian market in terms of emission and safety and road worthiness,” the ministry stated
The UK has drawn up secret contingency plans to move its Trident nuclear submarine bases from Scotland to the US or France in the event of Scottish independence. Another option under consideration is for the UK to seek a long-term lease for the Royal Navy’s nuclear bases at their current location in Faslane and Coulport
Joe Biden sought to reassure Ukraine of America’s “ironclad” commitment to its sovereignty and opposition to “Russian aggression” at a White House meeting with president Volodymyr Zelensky on Wednesday. Their meeting follows tensions between Washington and Kyiv that have surfaced in recent months over the US approach to Russia, with Ukrainian officials concerned the Biden
When I heard the news that Fidelity Investments plans to make 9,000 new hires, mostly in client-facing and technology-related positions, I immediately thought of the old adage that Wall Street hires on the highs and fires on the lows. That saying comes from the investment banking industry and its famously cyclical hiring practices, loading up
I am bullish on Coinbase Global, Inc. (COIN), due to its attractive valuation and strong long-term growth potential. Coinbase is a popular cryptocurrency exchange platform based out of San Francisco, California. It offers users the ability to buy and sell Bitcoin, Ethereum, and Litecoin. In addition to its trading platform, Coinbase also offers numerous ancillary
Air travelers wait in the ride share lot near a sign for Uber at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images Check out the companies making headlines in midday trading. Ambarella — Shares of the semiconductor company surged 20% after Ambarella beat expectations on
Sharing is Caring! By Michael Lebowitz and Lance Roberts Despite more weak economic data from China, U.S. stocks are set to recover yesterday’s losses and more. ADP will be released at 8 am ET. The current consensus expectation is for the formation of 638k net new jobs. The range of estimates is wide at 400-700k.
Standard Chartered, a United Kingdom-based multinational banking firm, has joined an alliance of fintech companies and banks aimed at accelerating the adoption of best practices of cryptocurrencies. In a Wednesday announcement, Standard Chartered said it would be joining crypto and digital finance industry membership body Global Digital Finance, or GDF, Patron Board. As a member,
Rod Khleif Real Estate Investor, Mentor, Coach, Host, Lifetime Cash Flow Through Real Estate Podcast. Commercial multifamily assets are valued based on the amount of net operating income (income minus operating expenses) they produce. The more NOI a property throws off, the more valuable it is. One of the major benefits of a commercial multifamily investment