Month: January 2022

The past couple of months have not been kind to cryptocurrencies. The sector’s aggregate market capitalization plunged 50% from a Nov. 10 peak at $2.87 trillion to the current $1.44 trillion. Solana’s (SOL) downfall has been even more brutal, presently trading at $88 after a 66% correction since its $260 all-time-high. Pinning the underperformance exclusively
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U.S. Senator Cynthia Lummis says that the recently introduced “America Competes Act of 2022” is a direct attack on the crypto industry. “I will not stand by and let the heavy hand of the government pick winners and losers,” she stressed. Congressman Tom Emmer explained that the legislation would give Treasury Secretary Janet Yellen “dictatorial-level
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January municipal bond issuance declined 14.7% year-over-year led by a steep drop in taxable and refunding volumes amid extreme volatility and a rising-rate environment. Total January volume was $24.04 billion in 601 deals versus $28.18 billion in 801 issues a year earlier. New-money issuance was up 8.3% to $18.164 billion in 444 transactions from $16.776
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Key Takeaways Analysts estimate adjusted EPS of $0.76 vs. $0.36 in Q4 FY 2020. Revenue expected to rise at a healthy pace YOY in the Enterprise, Embedded and Semi-Custom segment. Revenue companywide is expected to increase, but at a slower pace than in recent quarters. Advanced Micro Devices Inc. (AMD), like other semiconductor companies, has
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One of Vodafone’s biggest shareholders has hailed an activist campaign aimed at improving the telecoms company’s performance as “very sensible”, as another investor said the move was “long overdue”. The comments give support to Cevian Capital, Europe’s largest activist investor with roughly $15bn in assets under management, which has built an undisclosed stake in Vodafone
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While UBS’s acquisition of Wealthfront may have ended the era of purely digital independent robo advisors, many remain bullish on the potential for technology to deliver affordable financial advice to younger investors. UBS plans to use its $1.4 billion purchase to expand its presence among the mass affluent, and banks across the industry continue to
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Sharing is Caring! by Martin Armstrong [embedded content] The massive anti-work movement sparked by the popular subreddit imploded after Jesse Watters from Fox News interviewed a moderator named Doreen. Doreen destroyed the movement without any interrogation from Watters, as they simply did not prepare for the interview. Recorded from a stereotypical basement, Doreen stated during
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The chief marketing officer (CMO) of a cryptocurrency payments solution company, Rotimi Ogunwede, has insisted that the Central Bank of Nigeria (CBN)’s decision to bar crypto entities from the banking system may be the reason why Nigerians are now more knowledgeable about cryptocurrencies. CBN Prohibition Forced Patricia to Establish Operations Outside of Nigeria An executive
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As New York’s Metropolitan Transportation Authority stumbles toward a post-pandemic future, its finance team continues an orderly transition to meet a significant change in the short-term debt marketplace. In September 2018, the MTA issued the municipal market’s first tax-exempt transaction linked to secured overnight financing rate notes, the replacement for Libor, the London interbank offered
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Gold Road Resources increased its 2022 guidance to 300-340 koz. Gold Road released its December quarterly highlights on Monday. The company is a 50% owner of the Gruyere Gold Mine in Western Australia. In 2021 the company produced 246,529 ounces at attributable AISC of A$1,558/oz. The company had a good quarter. Gruyere produced 67,813 ounces
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With gold set to rally, two main reasons behind the current bullish shift in gold & silver are… by Samuel Briggs via Kinesis In this week’s Live from the Vault, Andrew Maguire reveals the two main reasons behind the current bullish shift in gold and silver and elaborates further on the fragile ETF flywheel, with
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Five of the primary reasons why dividends matter for investors include the fact they substantially increase stock investing profits, provide an extra metric for fundamental analysis, reduce overall portfolio risk, offer tax advantages, and help to preserve the purchasing power of capital. Key Takeaways Companies that issue dividends can provide inherent fidelity to the financial
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Ark Investment Management (Ark Invest) has predicted that the price of bitcoin could surpass $1 million per coin by 2030. “Our research suggests that bitcoin has the potential to transform monetary history by providing financial freedom and empowerment in a fair, global, and distributed way,” Ark’s analyst added. Bitcoin’s $1 Million Prediction by Ark Invest
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In 2008, then-Chicago Tribune columnist John Kass wrote a column about corruption in Illinois, “In Combine, cash is king, corruption is bipartisan.” Commenting in the middle of the trial then underway for political fixer Tony Rezko, Kass relates a conversation with former-Senator Peter Fitzgerald, “the Republican maverick from Illinois who tried to fight political corruption
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