In this article 6758.T-JP ADS BAC UNH MS PG Check out the companies making headlines before the bell: Bank of America (BAC) – Bank of America shares rallied 3.2% in the premarket after it beat estimates by 6 cents with a quarterly profit of 82 cents per share. Revenue was slightly below forecasts, but the
Month: January 2022
The percentage of the global Bitcoin mining industry running on renewable power increased by 1% to 58.5% in the fourth quarter of 2021 according to new data. The Bitcoin Mining Council (BMC) announced the findings of its fourth quarter survey on Jan. 18. The survey focused on three metrics: sustainable power mix, technological efficiency and
One of the trends that emerged at the start of the pandemic was people doing more bulk shopping to reduce trips to the store. That led to a rush on chest freezers to store frozen food and to a desire for larger, more functional pantries in the frenzy of remodels that followed lockdowns. The latest
Anatoly Aksakov, head of the Financial Market Committee at the Russian parliament, has reiterated a warning for cryptocurrency investors and insisted that Russians owning coins should declare their digital assets. The parliamentarian also urged for the comprehensive regulation of crypto mining and taxation. Aksakov Warns Russian Crypto Investors They Can Lose Everything Russians have put
Decentralized technologies are about to revolutionize the global financial system and its institutions. Decentralized Finance (DeFi) offers interesting potential to reduce costs and increase the speed of payments by eliminating friction in terms of technology, contracting and coordination between several parties. DeFi delivers on the promise of faster, better, and cheaper payments, but a number
The Chicago Teachers Pension Fund says it hired BDO USA, LLP to conduct a so-called forensic audit. While the pension claims to “operate transparently,” in response to an Illinois FOIA request it produced a redacted copy of the contract with BDO which failed to disclose critical information regarding the cost and scope of the forensic
Municipals outperformed another large selloff in U.S. Treasuries that pushed that market to the highest yields since before the pandemic began while equities also saw massive losses as the markets fully digest an expected March rate hike. Triple-A benchmark yields saw two to four basis point cuts across the curve Tuesday while the 2-, 5-
Nordroden/iStock via Getty Images 2021 was a year to forget for investors in the Silver Miners Index (SIL), with the index giving up all of its year-to-date gains and finishing the year deep in negative territory. While SilverCrest Metals (SILV) was a massive outperformer in 2019 and 2020 vs. SIL, SILV underperformed in 2021, leading
The plan will not result in just food shortages and famine. Markets will crash, and a… by Financial Argument via Financial Argument With the engineered food shortage approaching in 2022, many are now facing impoverishment and, even worse, starvation. What would you think if I told you that despite the increasing prices and empty shelves
In 2005, the gaming industry had revenues of $10.5 billion and was dominated by makers of portable hardware and consoles. In 2020, just 15 years later, the industry had morphed into a multi-platform powerhouse with revenues of $155 billion. Blockbuster content from publishers raked in billions of dollars in revenue and delivered it through an
In this article PL A rendering on a Dream Chaser spaceplane in orbit. Sierra Space Private investment in space companies last year set a record, according to a report Tuesday by New York-based firm Space Capital. Space infrastructure companies received $14.5 billion of private investment in 2021, a new annual record that was up more than 50%
A top EU financial regulator has renewed calls for a bloc-wide “ban” on the main form of bitcoin mining and sounded the alarm over the rising proportion of renewable energy devoted to crypto mining. Erik Thedéen, vice-chair of the European Securities and Markets Authority, told the Financial Times that bitcoin mining had become a “national
In the run-up to the 2020 US elections, Cheri Bustos was one of the Democrats’ campaign chiefs, tasked with expanding her party’s majority in the House of Representatives. But her efforts fell short and, rather than gaining ground, the Democrats lost it, haemorrhaging more than a dozen seats in the lower chamber of Congress and
At least 1,000 victims. More than $115 million stolen. A deception that persisted for a decade to support a life of jet-setting, champagne popping and $10,000 suits. Those staggering figures summarize the rise and eventual fall of a former New York advisor and convicted scam artist known as “King Perry.” On Friday, 41-year-old Perry Santillo
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, on Monday, Jan. 3, 2022. Michael Nagle | Bloomberg | Getty Images Rising bond yields could keep a choke hold on tech and growth stocks for now, as investors bet the Federal Reserve will raise interest rates four or more
Sharing is Caring! by Michael Snyder Over the past couple of years, we have been hit by one thing after another. Whenever it seems like things may be calming down, another crisis suddenly erupts, and as a result a lot of Americans have developed a really bad case of “crisis fatigue” at this point. According
Reports indicate that Intel, one of the largest computer processor manufacturers, intends to reveal a new “Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC” known as Bonanza Mine at the upcoming IEEE International Solid-State Circuits Conference in February 2022. Intel submitted a patent in November 2018 outlining similar ideas for “high-performance Bitcoin Mining.” It is suspected that the processes described
During the first half of next year, New York City will welcome a new consumer-facing listing portal, called CitySnap. Piloted by the Real Estate Board of New York (REBNY), CitySnap brings a long-awaited challenge to the ongoing dominance of StreetEasy. How it will fare remains to be seen, but it is extremely well-funded and many
Potential home buyers walk past an ‘Open House’ sign displayed in the front yard of a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage hit 3.7% Tuesday morning, according to Mortgage News Daily. That is the highest since early April 2020
The reigning UFC Heavyweight Champion Francis Ngannou has announced the mixed martial artist has partnered with the payments firm Cash App and plans to take half of his UFC 270 purse in bitcoin. Ngannou told his 620,100 Twitter followers that he believes “bitcoin can empower people everywhere.” ‘Bitcoin Is the Future and I’m a Believer’
Searching for RMD Tables Online? If you do an online search for the new RMD (Required Minimum Distribution) tables to use to calculate your 2022 RMD, you might find yourself running in circles. Where, just where, are those 2022 tables? The online searches I tried today take you to the old tables, even if you specifically search
U.S. District Court Judge Laura Taylor Swain approved the Plan of Adjustment for Puerto Rico’s central government bonds and obligations Tuesday afternoon, setting the stage for the commonwealth to exit bankruptcy after more than four years of intense negotiations over its massive debts. The action sets the restructuring terms for about $33 billion of debts
Gold production of 207,192 ounces; 274 percent increase over 2020 Silver production of 7,498,701 ounces; 5 percent increase over 2020 Lead production of 32,989,973 pounds; 11 percent increase over 2020 Zinc production of 47,549,301 pounds; 4 percent increase over 2020 2022 Consolidated Production Guidance Highlights Gold production of between 244 to 280 thousand ounces; a
The best thing Biden could do is nothing and let consumers pay higher prices… by Doug French via Mises Back to 2020, the federal government’s covid-mandated shutdown of meat production plants hobbled the nation’s meat production capabilities, leaving farmers with nowhere to send their beef. This resulted in them having to cull cattle and other livestock. The uncertainty caused farmers
NEWS ALERT January 18, 2022, 9:42 a.m. EST: On Tuesday, Microsoft announced plans to acquire video game developer Activision Blizzard for $68.7 billion. The acquisition, Microsoft’s largest, represents a substantial investment in gaming and the metaverse. Activision Blizzard (ATVI) is a global entertainment holding company that develops and publishes interactive video content and services. It’s
In this article GS People walk along Wall Street in the rain on July 08, 2021 in New York City. Spencer Platt | Getty Images Wall Street firms are playing catch up with employee compensation, boosting pay in the second year of a deal-making and trading boom. That’s what Goldman Sachs CEO David Solomon conceded
A Spac backed by tech investor Chamath Palihapitiya has agreed to merge with a healthcare company focusing on kidney disease, the latest move by the dealmaker who stirred controversy this week by saying “nobody cares” about the Uyghurs in China. Palihapitiya has been a prolific sponsor of special purpose acquisition companies, launching 10 blank-cheque vehicles
AT&T and Verizon have agreed to scale back or postpone the launch of 5G wireless service near airport runways after an eleventh-hour outcry from the aviation industry. Airlines had warned that the debut of high-speed 5G technology, scheduled for Wednesday, could interfere with aircraft safety and navigation systems. United Airlines and American Airlines said earlier
Wells Fargo ended 2021 with fewer advisors in the room, more cash in its coffers and a whole lot of confidence heading into the new year. The bank’s Wealth and Investment Management unit lost a total of 1,146 registered representatives from either Wells Fargo Advisors or its Private Bank over the past 12 months, according
A Peloton office sign is seen near a person riding a bicycle as the city moves into Phase 3 of re-opening following restrictions imposed to curb the coronavirus pandemic on July 16, 2020 in New York City. Alexi Rosenfeld | Getty Images Check out the companies making headlines in midday trading. Activision Blizzard — The
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