The Nasdaq-listed crypto exchange Coinbase has been meeting with members of Congress to discuss the cryptocurrency regulation it plans to propose, according to CEO Brian Armstrong. In addition, the company has met with more than 30 crypto firms, four major law firms, and three trade groups about its crypto proposal. Coinbase Meeting Congress Members and
Month: October 2021
Any future Federal Reserve programs aimed at backstopping the municipal market need significant changes from the now-defunct Municipal Liquidity Facility, according to several lawmakers and witnesses who participated in two hearings on the subject. Two hearings before the House Financial Services Committee in the last week outlined some of those changes. “Some of my colleagues
Precious metals lost their sheen and closed on a weak note at the end of September. The strengthening of the U.S. dollar, on expectations the U.S. Federal Reserve could soon begin winding down its economic support measures, played a key role in denting sentiment towards precious metals. As a result, Comex gold fell 3.36% to
The unique technical setup in the NASDAQ over the past 30+ days is warning that the markets have lost momentum and… by Chris Vermeulen of The Technical Traders The unique technical setup in the NASDAQ over the past 30+ days is warning that the markets have lost momentum and may attempt to break below the
On Sunday bulls made their intentions clear by briefly pushing Bitcoin (BTC) price above the $49,000 level, a move that prompted many traders on crypto Twitter to call for the top-ranked digital asset to knock down the psychological resistance at $50,000. Data from Cointelegraph Markets Pro and TradingView shows that after trading in a range
We hear it all the time: The middle class is shrinking. Wages seem to have been stagnant for decades and American families are struggling with financial insecurity. However, what exactly is the middle class? Who is in it, and who is not? Is it shrinking? What about you? Which income class do you belong to?
In this article ATVI DELL OTMO Dell CEO Michael Dell speaks during an interview with CNBC on the floor of the New York Stock Exchange, July 2, 2018 Brendan McDermid | Reuters The fourth quarter has just begun, and Wall Street analysts are picking out the companies they believe have potential for the long run.
Algeria has closed its airspace to French military planes supporting the campaign against Islamist insurgents in the Sahel, the latest phase of a worsening row between the North African country and the former colonial power. Algeria spans a large territory between the Mediterranean and the nations of Mali and Niger south of the Sahara. France
On Friday, Insulate Britain, a campaign group demanding that the government explains how it plans to make the country’s homes more heat-efficient, launched its tenth day of protests. Much to the irritation of motorists, the group has blocked arterial roads around London, going as far as to glue their hands to the road surface to
As if a global pandemic weren’t enough to hurt production, throughout 2020, the Boeing Company (BA) had been dealing with thousands of grounded and undelivered 737 Max aircraft, due to technical difficulties. After a global nullification of the plane’s operational certification, Boeing has been working to get its fleet back into the air, in as many countries as possible. One
Sharing is Caring! by Charles Hugh-Smith So by all means, focus on the inexorable rise of stocks, cryptos and housing as “proof” of America’s soaring “wealth” while the social order unravels beneath our feet. It is a supremely tragic irony that while the corporate media ceaselessly touts America’s soaring financial “wealth,” the nation’s true wealth–its social
Bidding farewell to Los Angeles, Matt Damon listed his Zen-inspired Pacific Palisades mansion for sale in January for $21 million. With no takers, the actor recently cut the price to $17.9 million, and it sold in a couple of weeks. Situated on the same premier street that his friend, Ben Affleck, still calls home, Damon’s
President Joe Biden says that the U.S. will bring together 30 countries to stop “the illicit use of cryptocurrency.” The United States is “partnering closely with nations around the world” to respond to the cybersecurity threats, Biden further said. US Will Bring 30 Countries Together to Combat Illicit Use of Crypto, Says Biden The White
Akiva ben Yosef was an influential first century rabbi, living in Roman territory, who inspired many followers. He has a lesson to teach us that is just as pertinent today as it was 2,000 years ago, and especially applicable within the context of financial life planning. As legend would have it, Rabbi Akiva was journeying
September municipal bond issuance volume fell 32.6% year-over-year as a massive drop in taxable and refunding issuance puts the market slightly behind 2020’s record-breaking pace. Total September volume was $36.085 billion in 856 deals versus $53.513 billion in 1,395 issues a year earlier. Taxable issuance totaled $6.533 billion in 152 issues, down 63.6% from $17.945
Silver prices continued to rally as the dollar slipped from a six-month high. Treasury yields were lower which weighed on the greenback. Gold prices were also higher, helping to lift the precious metals complex. Since silver is priced in U.S. dollars, a weaker U.S. currency makes silver less expensive in other currencies. Despite a stronger
Everything is lining up for a sustainable low in precious metal and miners: technicals, sentiment, positioning, Fibonacci levels, and… by David Brady via Sprott Money Everything is lining up for a sustainable low in precious metal and miners: technicals, sentiment, positioning, Fibonacci levels, and inter-market analysis. A fundamental catalyst for the start of the coming
Bids for Ethereum’s native token Ether (ETH) could rise to $13,000 in the next two months if history repeats. So shows a fractal indicator from 2017, consisting of at least four technical patterns that were instrumental in pushing the ETH price up by over 7,000%. The same set of bullish indicators have flashed once again
What Is a Capital Expenditure (CAPEX)? A capital expenditure (CAPEX) is an investment in a business, such as a piece of manufacturing equipment, an office supply, or a vehicle. A CAPEX is typically steered towards the goal of rolling out a new product line or expanding a company’s existing operations. Money spent on CAPEX purchases
A meeting with a group of manufacturing company executives cannot be guaranteed to surprise, but I recently found myself in a gathering that did exactly that. The managers came from a mix of businesses. Some made cars, one made fertiliser, others produced steel or glass or perfume. All present were troubled by the Covid-related shortages
The Federal Reserve is hurtling towards an announcement that it will soon scale back its massive stimulus programme, and Friday’s jobs report could set the stage for such a move as early as November. The US central bank has said it would buy $120bn of Treasuries and agency mortgage-backed securities each month until it saw “substantial
Lori Hardwick can’t stay away from wealthtech boards. Just three months after a marketing misfire pushed her to resign as chair of the board at Riskalyze, Hardwick has been named chair of the board at Vestwell, a digital 401(k) record-keeping platform and one of Financial Planning’s 2021 best fintechs to work for. For Hardwick, it’s
Las Vegas Sands (LVS) is an integrated resorts developer. A typical resort developed by the company includes accommodation, gambling activities, retail, entertainment, and more. Las Vegas Sands’ key markets include Nevada, Macau, and Singapore. I am bearish on the stock. (See Las Vegas Sands stock charts on TipRanks) Recent Performance The stock is one of
When Dubai’s Palm Jumeirah was first announced, many were skeptical that a project of such size and scale could be completed—engineering a sprawling, artificial archipelago in the shape of a palm tree seemed impossible. Two decades later and this Dubai icon continues to be the gold standard for waterfront developments everywhere. “The sheer amount of
Sky Mavis, the team that created the Ethereum-powered non-fungible token (NFT) game Axie Infinity, revealed the project plans to launch a decentralized exchange (dex), according to the company’s co-founder Jeff Zirlin during a podcast with Frank Chaparro. Moreover, Axie Infinity recently captured over $2 billion in NFT sales, making it the second-largest project in terms
The Puerto Rico bankruptcy court will consider another one-week extension of the retail voting deadline on the proposed Plan of Adjustment responding to bondholder Peter Hein’s motion. Hein filed his motion late Wednesday. The Plan of Adjustment provides for the filing of a “Plan Supplement, which will contain documents necessary for the consummation and implementation
[embedded content] (Kitco News) It has been a very volatile week for gold. After dropping $30, the precious metal surged back to its very familiar territory of $1,750-$1,760 an ounce. Soaring U.S. Treasury yields and a higher U.S. dollar were the main obstacles for gold. And despite avoiding a government shutdown in the U.S. this
Public debt is paid off with tax dollars from taxpayers who had no choice in the matter and were not parties to the contracts between the creditors and the borrowers. Or… by Ryan McMaken of Mises Institute The US is in the midst of yet another “debate” over the debt ceiling. In the twenty-first century,
On Oct. 1, the cryptocurrency market experienced a 9.5% pump that drove Bitcoin (BTC) and Ether (ETH) to their highest levels in 12 days. A variety of reasons have been attributed to the price move, including the U.S. consumer price index, exchanges’ diminishing supply, and a “cup and handle” bullish continuation chart formation. Traders are
Efficiency ratios measure a company’s ability to use its assets and manage its liabilities effectively in the current period or in the short-term. Although there are several efficiency ratios, they are similar in that they measure the time it takes to generate cash or income from a client or by liquidating inventory. Efficiency ratios include