A former Wells Fargo investment advisor stole nearly $3 million from clients, using the money for personal expenses and to buy gold coins, federal prosecutors said. Kenneth A. Welsh was arrested at his home in River Edge, New Jersey, Thursday morning on charges that he misappropriated funds from the accounts of five investors between 2016
Month: October 2021
Amazon’s Shannon Building in Dublin. Artur Widak | NurPhoto | Getty Images Check out the companies making headlines after the bell: Amazon — Shares of the e-commerce giant dropped more than 4% in extended trading on Thursday after a disappointing quarterly earnings report. Amazon posted an EPS of $6.12 for the third quarter, badly missing the
Sharing is Caring! by Michael Snyder A lot of people aren’t going to want to hear this. There are a lot of people out there that just want to hear that the future is going to be filled with rainbows, lollipops and unicorns, but that isn’t the truth. Months ago, I warned my readers that
Some place names immediately evoke vivid imagery. Wild Horse Island is one such spot. The largest island on northwest Montana’s Flathead Lake, the refuge was used by indigenous people for centuries to house, protect and pasture horses. In the early 1900s, homesteaders cut down many of the trees and introduced non-native plants. The island has
A plunge may be looming for cryptocurrencies, housing and disruptive technology stocks tied to innovation. According to Rich Bernstein, an Institutional Investor Hall of Famer, the nation’s expiring easy money policies and historic supply chain backlogs are posing serious risks for some of the market’s most popular investments. “There’s a whole series of bubbles going
Shiba inu supporters are petitioning on Change.org for the trading platform Robinhood to list the shiba inu token for trading. Robinhood currently lists the meme cryptocurrency dogecoin which made up 62% of the company’s crypto trading volume in Q2. Petition to Get Robinhood to List Shiba Inu A petition on Change.org for the trading platform
The past few years have been quite busy in the financial and wealth planning world. With the federal transfer tax exemptions currently at $11.7 million1, many clients have considered making gifts for future generations utilizing a variety of structures. The primary focus is on trusts and the options available in that arena. Trusts can be
A flood of Chicago paper planned over the next year should find an amiable investor reception after federal aid and rebounding revenues stabilized the city’s bond ratings and temporarily drowned out worries over how the city will structurally balance its books once the aid dries up. That’s the assessment offered by several members of the
[embedded content] (Kitco News) Commodity supercycle or not, copper has one of the “most bullish cases” around, said Lobo Tiggre of The Independent Speculator. No matter the general sentiment around commodities, the copper supply-side ensures price gains in the future. “I like copper a lot. It is one of the most solid bull cases. And
Inflation worries have intensified and gold started to rally, but then Powell crashed the party, killing the bullish vibe… by Arkadiusz Sieron of Sunshine Profits Inflation worries have intensified, gold started to rally on Friday… and then Powell came, ruining the party and killing the bullish vibe. Friday (October 22, 2021) started wonderfully for the
“Some believe what is happening is a quick balancing process and preparation before the push for new highs, while others think it’s the beginning of a broader correction that will take BTC to $45K-$50K,” FxPro analyst Alex Kuptsikevich, wrote in an email to CoinDesk. Kuptsikevich also mentioned that technical price indicators are retreating from overbought
Online employment-oriented platform LinkedIn has reported demand for employees with experience in crypto or blockchain is on the rise across many companies. According to a Wednesday report from LinkedIn editor Devin Banerjee, data from the platform’s Economic Graph team shows job postings in the United States that included terms like “blockchain” or “crypto” grew 615%
The Internal Revenue Service (IRS) gets a little grumpy if you contribute to a Roth individual retirement account (Roth IRA) without what it calls earned income. That usually means you need a paying job—either working for someone else or for your own business—to make Roth IRA contributions. But what if you don’t have one—a job,
Facebook is changing its name to Meta, reflecting the company’s push to build a digital avatar-filled virtual world known as the metaverse as it battles a deepening public relations crisis and growing regulatory scrutiny. Speaking at Facebook Connect, the company’s annual virtual and augmented reality conference, on Thursday, chief executive Mark Zuckerberg said Facebook was
It was another sweet quarter for Hershey. The US maker of Reese’s peanut butter cups continued its strong run, with sales and earnings topping Wall Street estimates for the third quarter. The company also raised its forecasts for 2021 given robust pent-up demand ahead of Halloween, after the pandemic curtailed trick-or-treating last year. The better
The outlook for small and mid-cap technology firms is much brighter than for their mega peers, according to UBS Global Wealth Management. Ahead of quarterly results due later on Thursday from giants Apple Inc. and Amazon.com, strategists led by Mark Haefele said smaller tech companies offer investors better opportunities due to their superior growth prospects
In this article F TDOC AAPL AMZN PJC Ford Motor Co. CEO Jim Farley walks to speak at a news conference at the Rouge Complex in Dearborn, Michigan, September 17, 2020. Rebecca Cook | Reuters Check out the companies making headlines in midday trading. Ford Motor — Shares of the automaker soared more than 9%
Sharing is Caring! by confoundedinterest17 Despite the staggering and unorthodox monetary stimulus from The Federal Reserve, US real GDP continues to fall. The Q3 real GDP report is out and real GDP QoQ fell to 2%. Not surprising given that the Atlanta Fed’s GDPNow tracker is at a dismal 0.195% and falling. The culprit? Personal consumption
Since its inception, EpiK Protocol has always been based on an open, sharing economy network for AI data. With the participation of the domain experts, EpiK Protocol can not only build larger and more comprehensive graph databases in different domains, but also can develop smarter AI with these valuable AI data.
CEO at Funnel Leasing, bringing renter-centric solutions to the antiquated property management software market. It is well documented that the pandemic accelerated digital transformation, in many instances replacing physical interactions with digital experiences. As a result, many businesses were able to reduce their staffing levels by replacing manual jobs with self-service (self-checkout being an immediately recognizable
A pending sale sign in front of a home in Miami. Getty Images Pending home sales, which are a measure of signed contracts to buy existing homes, fell an unexpected 2.3% in September compared with August, according to the National Association of Realtors. Analysts were predicting a slight monthly gain. Sales were 8% lower compared
The meme-based digital asset shiba inu has entered the top ten largest crypto assets by market capitalization, knocking dogecoin down a notch. In the last 30 days, the shiba inu token climbed 976% capturing a market cap of over $40 billion. Meanwhile, the concentration of shiba inu whales is still quite large these days alongside
With climate change, extremes in weather and increasing disasters, most of us are aware that we need to be disaster-ready in some way. But are our aging parents ready for a disaster or even an extended power outage? We recently had a taste of what is needed with rapid and extensive flooding in our area.
The Financial Industry Regulatory Authority alleged in an Oct. 26 complaint, that an underwriter and its representatives made numerous fraudulent and negligent misrepresentations and omissions of material fact in connection with two municipal bond offerings. Both bonds defaulted and customers lost in excess of $6.2 million. The disciplinary action was brought by FINRA against Cantone
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 moderately higher in early U.S. trading Thursday, in the wake of a U.S. GDP report that was downbeat
Wanna zap gold demand and force people to spend their savings by selling gold? Make food unaffordable and throw in “power shortages” & “strict virus curbs” for good fun… (by Half Dollar) One thing I can’t stand about the Bitcoin Fanboys is how they’re always lying about how “Bitcoin” is a lifesaver for all of
Prior to joining Binance, Hillmann was the global head of innovation at Edelman’s crisis and risk practice, where he led the PR giant’s cybersecurity and counter disinformation offerings. Before his tenure at Edelman, Hillmann held senior government affairs and public affairs positions at General Electric and the National Association of Manufacturers.
Crypto adoption scores another win with the Ivy League University of Pennsylvania, but there’s a catch. The Wharton School, one of the premier business schools in the United States, will accept Bitcoin (BTC) and other forms of cryptocurrencies for tuition fees, Bloomberg reports. However, the adoption is limited to its new online blockchain and digital assets program
Is a Late Retirement Right for You? Many American workers are behind on their retirement savings. For many, there’s almost no way they’ll have enough money to retire, barring a winning lottery ticket, a surprise inheritance, or some other unexpected windfall. Many Americans have decided they will have to work well into retirement to make
For most of the coronavirus era, Genting Dream, a Hong Kong cruise liner that looks from a distance like it might exert its own gravitational pull, has been out of action. Now, while it can’t visit anywhere, it can at least go somewhere. The so-called “cruise to nowhere” is an improvised solution for an industry
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