The Kremlin’s ambassador to the EU has called on Europe to mend ties with Moscow in order to avoid future gas shortages, but insisted that Russia had nothing to do with the recent jump in prices. Vladimir Chizov, Russia’s permanent representative to the EU, said he expected Gazprom, the state-controlled exporter that supplies 35 per
Month: October 2021
Metals tycoon Sanjeev Gupta has agreed a crucial financial restructuring of his Australian steelworks and will inject £50m in fresh funding into his UK plants, ending months of uncertainty for thousands of workers. The agreements will provide a much-needed breathing space for Gupta, who has been racing to find new funding for his global metals
Facebook (FB) stock has been on a remarkable run since its public debut in 2012. Showing dominance in the online advertising space, shares of the company have surged more than 850% over this time frame. Alphabet’s Google (GOOGL), combined with Facebook, make for a veritable duopoly in the U.S. online advertising space. There’s reason for
Sharing is Caring! by CrsCrpr In a press conference Friday, October 08, White House press secretary Jen Psaki said that 80% of American people were vaccinated: And because of the rise of the delta variant, because of the fact that even though it was a vaccine approved under a Republican administration, even though we now
Sri Lanka’s leading online retailer, Kapruka, has unveiled plans to introduce support for cryptocurrency payments. The news comes as the South Asian country intensifies efforts to adopt legislation tailored to regulate its blockchain space and attract investments from the crypto industry. Kapruka to Launch Cryptocurrency Payments Within Weeks Kapruka (Kapruka.com), a major e-commerce platform in
Today’s column addresses questions about how divorced spousal benefits are calculated, how state pensions can affect spousal benefits and whether COLAs apply to widow’s benefits taken years after the record holder’s death. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more Ask
The Senate appears poised to reach a bipartisan deal for a short-term increase of the debt ceiling to avoid a market-roiling U.S. default. Senate Minority Leader Mitch McConnell, R-Ky., Wednesday broke a weeks-long standoff on the issue by saying that Republicans would not filibuster a Democrat-led bill to raise the debt ceiling, assuming he can
Stocks closed in the red on Friday as investors digested a key report on the labor market’s recovery. Luke Tilley, Wilmington Trust Chief Economist and Jon Maier, CIO at Global X ETFs joined Yahoo Finance Live to discuss. Video Transcript [MUSIC PLAYING] SEANA SMITH: Just about a minute to go here until we wrap up
Silver is still undervalued when compared with other markets. For silver to be comparable we would need to see the price around $65. There are… Bob Coleman on Palisades Gold Radio Tom welcomes back Bob Coleman from Idaho Armored Vaults. Bob shows us his recent presentation from the Silver Symposium. Bob’s presentation explains how futures
XRP has a good chance of hitting $1.50 in the fourth quarter of 2021 after painting a bullish crossover between its 20-day and 50-day exponential moving averages (EMA). The so-called Golden Cross has appeared multiple times on XRP charts in history. Its last occurrence was on Aug. 10, which followed up with a circa 80%
The impact of unemployment has far-reaching consequences. Even those who don’t suffer layoffs in an office may find that their jobs (as well as their personal lives) have been negatively impacted. And for those who have lost their jobs, hopes for a timely retirement may be dramatically altered. Employees Work Harder but Earn Less Labor
The Pentagon’s first chief software officer said he resigned in protest at the slow pace of technological transformation in the US military, and because he could not stand to watch China overtake America. In his first interview since leaving the post at the Department of Defense a week ago, Nicolas Chaillan told the Financial Times
The UK’s COP president Alok Sharma has challenged China, India and Saudi Arabia to deliver on G20 promises made months ago, and come up with better formal climate targets ahead of the UN summit in November. “To all the G20 countries who have not yet stepped forward . . . it is incumbent on them to deliver that enhanced,
I am neutral on International Business Machines Corporation (IBM), because – while its dividend yield and cash flow stability are attractive – the business’ weak growth prospects mean that its valuation is not particularly attractive at the moment. International Business Machines Corporation is a global leader in computer hardware and software and has offered business
Sharing is Caring! by TheRealEMDUBAI www.finra.org/sites/default/files/fda_documents/2016060801702%20Merrrill%20Lynch%2C%20Pierce%2C%20Fenner%20%26%20Smith%20Inc.%20CRD%207691%20AWC%20jlg.pdf So lemme get this straight. Financial entity commits a crime or other violation. SEC comes round and fines them for it. No other punitive measures. SEC uses the funds received from the fine to fund themselves. So really, these institutions have a, for lack of a better word, “deal” with
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has confirmed the country’s upcoming digital currency will be launched “in a couple of days from now.” According to the governor, the digital currency which is also known as the e-naira will be the first of its kind in Africa. Nigeria to Launch CBDC
In late September, Chicago Mayor Lori Lightfoot delivered her 2022 budget address to the City Council. It was filled with a long list of new spending programs, including $400 million for community safety/violence reduction plans, $52 million for increased mental health services, $240 million for subsidized housing programs, $20 million for artists, and the list
Municipal advisors considering disclosure of conflicts of interest would do well to tread carefully, particularly given recent enforcement activity by the Securities and Exchange Commission. That was a key takeaway from an expert panel at the 2021 Compliance Outreach Program for Municipal Advisors sponsored jointly by the SEC, Municipal Securities Rulemaking Board and the Financial
Silver prices edged higher but whipsawed after attempting to move higher. The dollar declined and yields moved higher. Gold prices also edged higher generating little price trend in the precious metal space. Treasury yields continue to rise despite a softer than expected U.S. Jobs report. According to the Department of Labor, Nonfarm payrolls rose by
Gold is coiled to break through crucial resistance, and silver is extremely structurally bullish… by Samuel Briggs via Kinesis In this week’s Live from the Vault, Andrew Maguire explains why he believes gold is coiled to break through crucial resistance and silver is extremely structurally bullish. [embedded content] With Options Expiry price-capping playing out exactly
Whether it’s baseball players or shiny Pokemon cards, collectibles have been a cultural mainstay in human behavior since the Renaissance. Memorabilia from famous films or items of clothing worn by a celebrity can be auctioned and sold for eye-watering amounts. Take the prototype Batmobile from the 1960s Batman TV show, it was sold for $4.2
Baby boomers make up that huge demographic that came of age in the 1960s and 1970s. Born between 1946 and 1964, this vast cohort began to reach age 62 in 2008. By 2031, the youngest boomers will have passed the Social Security full retirement age of 67 (for people born in 1960 or later), at
Porsches, Lamborghinis and Mercedes are roaring through the streets of Delhi and Mumbai as demand for luxury cars rises in India, a sign of the country’s economy accelerating out of the worst of its pandemic downturn. India’s auto industry has struggled for several years as higher costs, production cuts and the current global semiconductor shortage
Workers ordered to take the stairs, manufacturers forced to cut production drastically in the lead up to Christmas and households left for days without power. China’s electricity crunch has alarmed authorities and panicked businesses. On Thursday Beijing ordered more coal miners to expand production dramatically, raising doubts about China’s promises to transition to green energy
Bank of America is offering $200 awards to Merrill Lynch Wealth Management branch employees who return to the workplace and confirm they’re fully vaccinated against COVID-19. The company will give the award to client associates, administrative support and operations staff “in recognition of the important work they are doing as the business has transitioned back
Sharing is Caring! Via International Man Every now and then Sleepy Joe channels reality, accidentally or otherwise, and did so recently in spades. When asked by a reporter how he was going to slim down his massive $3.5 trillion social spending boondoggle to bring Senator Manchin and other moderates into the “yes” column, he let
An architecturally sensitive top-to-bottom renovation has a brought a Midcentury Modern classic in Beverly Hills stylishly into the 21st century. The 1957 single-story was originally designed by Alfred T. Wilkes, whose homes can be found in such Los Angeles area locales as Bel-Air, Hancock Park and Holmby Hills. Located at 1027 Cove Way, it’s now
A Cameroonian fintech start-up, Ejara, has raised $2 million to pioneer the usage of crypto and investment services in French-speaking African countries. Coinshares Ventures and Anthemis Group led the funding round in which they were joined by Mercy Corps Ventures, Lateral Capital, Lofty Inc Capital, and Netx Fund. Using Crypto to Protect Savings in Francophone
Cook County, Illinois’ fiscal picture for next year and beyond is on the upswing with $1 billion in federal COVID-19 pandemic relief and rosier revenue projections. Board President Toni Preckwinkle Thursday unveiled an $8 billion 2022 budget package that forgoes new or higher taxes and fees, continues on course with supplemental pension contributions, and begins
[embedded content] (Kitco News) Even a big miss in the U.S. September job numbers couldn’t trigger a much-needed rally in gold. And unless the precious metal can find a way to close above $1,780 an ounce, analysts say they will remain neutral on the metal. Here’s a look at Kitco’s top three stories of the
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