Month: November 2021

Sharing is Caring! by Tom McClellan The NYSE’s Ratio-Adjusted Summation Index (RASI) has just had a failure at the +500 level, and that spells trouble for the uptrend. When the RASI is able to climb up above +500, it offers some degree of immunity to the stock market from the worst sorts of declines.  An
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The CEO of cryptocurrency exchange Binance says that he and Berkshire Hathaway CEO Warren Buffett share a similar investment strategy. However, he said he would not convince the Oracle of Omaha to invest in cryptocurrency. “I get worried if he uses crypto. He may not have the necessary skills or the knowledge on how to
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Yes, it’s inevitable: That cash bonus for a job well done can result in you paying a more significant chunk of money to the Internal Revenue Service (IRS). To start, the IRS considers bonuses to be supplemental wages, which means your employer is required to immediately withhold 22% of your windfall. You could get some
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Any responsible financial advisor is well-informed on the inner workings of traditional finance, namely the exchanges, brokers and custodians that play critical roles in their day-to-day business operations. The same should be true when it comes to cryptoassets. Within the scope of the crypto ecosystem, these entities serve the same general functions — facilitating the
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Raymond James analyst Jeremy Mccrea upgraded Obsidian Energy (OBELF – Research Report) to Buy today and set a price target of C$7.50. The company’s shares closed last Friday at $3.54. According to TipRanks.com, Mccrea is a 4-star analyst with an average return of 8.8% and a 46.1% success rate. Mccrea covers the Utilities sector, focusing
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Sharing is Caring! by confoundedinterest17 Bitcoin tumbled 20% from record highs notched earlier this month as a new variant of the coronavirus spurred traders to dump risk assets across the globe. The world’s largest cryptocurrency fell as much as 8.9% to $53,624 on Friday during London trading hours. Ethereum, the second-largest digital currency, dropped more than
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Founded in 2017, OKEx is a centralized cryptocurrency exchange based in Seychelles. According to CoinGecko, OKEx is the world’s third-largest cryptocurrency brokerage, with nearly $12 billion in trading volume within the past 24 hours. The exchange lists 312 coins and 518 cryptocurrency trading pairs. It’s often difficult for new cryptocurrency enthusiasts to navigate the complex
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In a recent article we looked at the poverty rates across all 50 U.S. states. Now, using data from the U.S. Census Bureau’s 2019 and 2014 American Community Survey, Five-Year Estimates, we’ve analyzed all major American cities (those with populations of at least 100,000) in terms of the percentage of their populations living below the
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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 solidly higher in early U.S. trading Friday, on safe-haven demand and short covering by the futures traders, amid
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Net present value (NPV) is a method used to determine the current value of all future cash flows generated by a project, including the initial capital investment. It is widely used in capital budgeting to establish which projects are likely to turn the greatest profit. The formula for NPV varies depending on the number and consistency of future cash flows.
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Roland Mouret, whose Galaxy dress has been a favourite with celebrities including Meghan Markle, has put his eponymous high-end fashion label into administration. Following difficult trading during the pandemic, the company called in administrators, according to a Companies House filing, and on Thursday let go of its roughly 50 staff, emptying its flagship store and
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A New Jersey advisors thought the grass might be greener when he left RBC Wealth Management for UBS, only to do an about face less than three months later and rejoin his former firm. Cerulli Associates research shows that affluent investors are asking advisors for more guidance while also asserting more control over their investments.
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Sharing is Caring! For weeks I’ve been pounding the table that the market is in serious trouble. I’ve shown that four out of the market’s five most heavily weighted stocks have begun breaking down. I’ve shown that only a handful of stocks are holding up the entire market as the number of NASDAQ stocks hitting new
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