A “For Sale” sign outside a house in West Palm Beach, Florida, April 7, 2021. Marco Bello | Bloomberg | Getty Images A prolonged period of low mortgage rates is taking its toll on the refinance market, as most borrowers who qualify have already gone through the process. The average contract interest rate for 30-year
Month: September 2021
Two Chinese banks are expanding their pilot programs for the digital national fiat. The state-owned financial institutions have revealed they are aiming to allow digital yuan holders to acquire investment funds and insurance products using the new currency. Chinese Banks Partner With Fund Managers and Insurers in Search of Digital Yuan Use Cases China Construction
We make meaning of our lives in the way we tell our tales. Have you settled on the story of your life? Spotted the patterns and repetitions? The innovations and transformation points? The life support systems and relationships that kept you going? What shape would you give the whole? A roller coaster? A many-petalled flower?
A mixture of factors such as rising interest rates, uncertainty over federal monetary policy and unprecedented federal aid for state and local governments fueled a drop in overall bond volume in August from the prior year. While overall issuance fell 8.4% year-over-year, taxable municipal bond issuance dropped nearly 40% in August. Tax-exempt issuance rose 0.5%
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 are mixed this morning with gold trading 0.12% higher and silver trading -0.22% in the red. Both
We are just beginning to see the first stages of precious metals demand. With the Fed and central banks using… by Steve St Angelo of SRSrocco Report With continued strong demand for precious metals, U.S. Mint Gold Eagle Sales already surpassed last year’s total, and there are still four months remaining in the year. That
Editor’s note: Below you’ll find the week 53 release of the NYC Recovery Index, originally published August 24, 2021. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery index remained unchanged as of August 14, maintaining its score of 76, where it has hovered for nearly a month. COVID-19
European football’s biggest clubs have slashed spending on players, even as the sport’s summer transfer window included blockbuster moves for the likes of Lionel Messi and Cristiano Ronaldo. The reduced spending on transfer fees reflects two years of financial losses caused by the coronavirus pandemic leaving the sport’s executives struggling to profit from the multibillion-euro
Former Afghanistan president Hamid Karzai is unlikely to play a prominent role in a Taliban-led government, while veteran politician Abdullah Abdullah is viewed as the “least controversial” option by the Islamist movement, according to two senior Pakistan officials. “The Taliban are ready to recruit them,” said one of the officials, but added it would be
A view of the New York Stock Exchange Building on Wall Street in Downtown Manhattan in New York City. Roy Rochlin | Getty Images Entertainment | Getty Images September is the worst month, and it may not matter. It’s an old trader saw: September is the worst month of the year. It’s true, since 1945
Robinhood stock continued to slide after SEC chairman Gary Gensler said a full ban on payment for order flow is “on the table.” Robinhood fell about 3.3% in early trading Tuesday after Gensler told Barron’s the day before that paying for order flow — where brokerages send customer orders to trading firms and receive payments
Gaming company Playtika Holding (PLTK) revealed that it has acquired about 80% stake in Reworks Oy in an all-cash deal of $400 million. Reworks is a mobile apps company that fuses lifestyle content and social gaming. The remaining interest will be acquired for up to $200 million based on 2022 Company EBITDA. As per the agreement,
Zoom founder Eric Yuan poses in front of the Nasdaq building as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Check out the companies making headlines in midday trading. Zoom — The video-conferencing software company
Bitcoin (BTC) revisited weekly lows on Sep. 1 as the new month got underway with a fizzle rather than a bang. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin lingers in “price stability” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $46,530 on Bitstamp overnight, its lowest since Aug. 27. With $50,000
As the Covid-19 pandemic continues, so does the debate of whether companies should move to a permanent remote work model. According to Pew Research, 71% of American workers worked from home in 2020, with 54% of them saying they hope to continue to work from home after the pandemic has subsided. While the percentage of
Visoot Uthairam | Moment | Getty Images Scammers have bilked Americans out of $545 million in Covid-related fraud since the beginning of 2020 in a range of schemes from online shopping to travel, according to the FTC. The agency received almost 589,000 consumer complaints associated with the pandemic from Jan. 1, 2020 to Aug. 30,
China’s Securities Regulatory Commission (CSRC) will promote a national alliance chain to introduce smart contracts and blockchain-based services to digitize the securities and futures market. The announcement was made at the China Securities Industry Alliance Chain and OTC Alliance Chain Special Work Symposium in Beijing. Jiang Dongxing, deputy director of the Science and Technology Regulatory
Today’s column addresses questions about recalculation of benefits after earning continuing income, how the family maximum that can be claimed on a single record is calculated and how divorced spousal benefits are calculated for business owners. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning,
The Puerto Rico Oversight Board asked the Puerto Rico bankruptcy court Monday to continue to hear a suit against a local law that would scuttle the negotiated debt Plan of Adjustment. Lawyers for Puerto Rico Gov. Pedro Pierluisi filed a motion to stay the adversary proceeding, which is like a suit, on Aug. 25. Puerto
Gungnir Resources (CVE:GUG) said today it drilled 7.38% nickel within 4.25 metres grading 3.19% nickel. The nickel assays came from the Company’s Lappvattnet nickel deposit in Sweden. The stock traded up 66% to 8 cents. Jari Paakki, CEO commented, said more results are pending. “Clearly we are in a very nickel-rich system and have an
Gold’s sharp plunge in the wake of the FOMC spilled into silver, which amplified it. That selling and the resulting bearish psychology has… by Adam Hamilton of Zeal LLC Silver Miners’ Q2’21 Fundamentals The silver miners’ stocks have been pounded lower this summer, collateral damage from gold’s selloff on distant-future-Fed-rate-hikes fears. That has devastated this
Buy now, pay later (BNPL) represents a growing payment trend among shoppers. Point-of-sale (POS) installment loans like these allow consumers to make purchases online or in stores and pay for them in a number of installments, often interest-free. As many as 60% of consumers have used buy now, pay later services the past, and 46%
As Taliban fighters celebrated the departure of US troops from Afghanistan, Aalia, a 40-year-old high school teacher, was outside a bank trying to get cash to buy groceries. Banks have been mostly closed since the Taliban marched into Kabul more than two weeks ago. The few branches that have reopened have imposed strict withdrawal limits,
I agree with your columnist Marietje Schaake in her view that western governments should support universities better against cyber attacks, but her focus is too narrow (“Knowledge and data need protection from cyber attack”, Opinion, August 25). Yes, universities are at high risk of state-sponsored attacks as rival countries seek to steal intellectual property. The
Fidelity Investments plans to make 9,000 new hires across the U.S. by year-end as the company sees record growth amid a surge in stock trading. The hiring push is the Boston-based fund manager’s third in less than a year, reflecting a boom in individual investing that has lifted the entire trading industry. The majority of
We’re heading into the final stretch of 2021, the annus horribilus of 2020 is firmly in the rear-view mirror, and we can see the checkered flag up ahead. It’s a fine sight, made better because, like any checkered flag, it comes with prizes behind it. In this case, those prizes come in the form of
A general view of the atmosphere at the TommyXZendaya collection launch event at the Tommy Hilfiger store on March 3, 2019 in London, England. (Photo by David M. Benett/Dave Benett/Getty Images for Tommy Hilfiger) David M. Benett | Getty Images Entertainment | Getty Images Check out the companies making headlines after the bell. CrowdStrike Holdings
Sharing is Caring! Censoring speech isn’t a sustainable business model, but the establishment is running out of options. Looks like all you out there complaining about Twitter posts in this sub won’t have to be bothered by them too much longer. You don’t censor when you control the narrative; they’ve lost the narrative and people
Just looking at Binance Coin’s (BNB) reported market capitalization, one might conclude that the token is the dominant asset when compared to other exchange tokens. Although there is no direct relationship between Binance’s exchange volume (or revenue) and token economics, traders seem to use it as a proxy. The controversial burn mechanism has been losing