Oppenheimer & Co. launched a municipal restructuring group Wednesday in response to a rise in high-yield municipal bond defaults as more transactions show impairments. The 18-member group will be headed by Eric Scroggins, co-head of debt advisory and restructuring, and Bill Reisner, head of public finance investment banking. Depending on the deal, the group can
Month: March 2022
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 and silver prices are lower in midday U.S. trading Wednesday, on routine downside corrections and profit taking from the
The constitution doesn’t need to be interpreted. The government that governs best, governs least… by Peter Schiff of Peter Schiff Podcast Democrats hate the constitution.The constitution doesn’t need to be interpreted.Republics protect the minority from the majority.Founding fathers warned of the evils of democracy.You can’t have liberty in a democracy, but you can in a
If you’re part of Generation X (those born from 1965 through the early 1980s), your retirement goals are likely coming into sharp focus. With most Gen Xers in the midst of their highest earning years, now is the time to make the most of your retirement contributions. While many contribute to employer-sponsored plans like a
Russian stocks traded in the UK and the US plunged further in the wake of western sanctions on Wednesday, leaving some almost worthless. An MSCI index tracking Russian stocks trading in London and New York had fallen close to 67 per cent by midday in the UK and is down nearly 96 per cent so
Vladimir Putin’s forces bombarded Ukraine’s frontline cities and critical infrastructure on Wednesday, laying waste to densely populated urban areas in one of the most destructive days of the week-old invasion. With the aim of advancing on Ukraine’s two biggest cities, Russia stepped up a fierce aerial assault on Kharkiv while continuing its faltering attempts to
A former Ameriprise financial advisor concealed his arrangement with a fraudster who called himself the “Kryp+0 K!ng” and cost his clients hundreds of thousands of dollars, the SEC says. At least six clients of Arthur S. Hoffman lost a combined $610,000 on their investments into fraudulent cryptocurrency membership units issued by Zima Global Ventures when
In this article ROST JWN HPE SOFI F CRM Take a look at some of the biggest movers in the premarket: Nordstrom — The retail stock spiked 30.5% in premarket trading after the company posted better-than-expected fourth-quarter results. Nordstrom reported earnings of $1.23 per share versus the Refinitiv consensus estimate of $1.02 expected. Revenue also
Sharing is Caring! www.marketwatch.com/investing/future/crude%20oil%20-%20electronic?mod=home-page Russia exports more wheat than any other country. www.worldstopexports.com/wheat-exports-country/ “CBOT traders are starting to understand that the Ukraine war will be extended, and even if Russia is able to capture Ukraine in the coming weeks, the world will not allow Russian/Ukraine grain [or] energy to be sold,” www.wsj.com/livecoverage/russia-ukraine-latest-news-2022-03-01/card/ukraine-war-lifts-wheat-prices-to-highest-since-2008-9nuaCPvbPy5IS4NfQ4Fz Russia and Ukraine
In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century. Jack Dorsey, Twitter’s ex-CEO and Bitcoin (BTC) aficionado, is not a big fan of Web3 — or at least of
What’s trending in tile for home use and why should you care? This versatile material is ideal for projects emphasizing sustainability, wellness and creativity. The latest offerings will be featured next month at Coverings, North America’s largest tile and stone expo. Here’s a preview with input from two industry pros who follow this category. Large
A house’s real estate for sale sign shows an upcoming open house in Washington, DC. Saul Loeb | AFP | Getty Images Mortgage demand stalled last week, as interest rates hit a multiyear high, but that will likely change quickly. Rates are now falling fast due to the Russian invasion of Ukraine. Mortgage application volume
Following Tuesday’s price surge, bitcoin was trading lower during today’s session, as markets hit a key resistance point. This comes as ETH was once again trading below the $3,000 level. As of writing, the crypto market cap is down 1.87%. Bitcoin BTC bulls ran into a stumbling block on Wednesday, as traders appeared to once
Minnesota added $1.5 billion to an already record $7.7 billion surplus expected in the current two-year budget fueling further debate over spending plans and tax relief. The annual February forecast released Monday raised the general fund surplus by $1.5 billion to $9.253 billion for the biennium that runs through June 30, 2023. It’s driven by
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 (-0.16%) and silver (-0.88%) move into the European session lower after a decent rise on Tuesday. In the rest
Russia could ask for rubles or gold in exchange for energy. If that occurred… Luke Gromen on Palisades Gold Radio Tom welcomes Luke Gromen of Forest for the Trees back to the show. To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.ca Luke explains the remaining options available to Russia
Data on import tariffs are compiled by the World Bank and the World Trade Organization (WTO). Tariff analysis can be complicated, as different rates apply to different products from different partners. Moreover, the listed or “bound” rates often do not match applied rates. The tariff rankings listed below are based on the World Bank’s “weighted mean applied tariff”
The opening of Joe Biden’s State of the Union address to Congress on Tuesday was dominated by the war in Ukraine, which has consumed his presidency in recent weeks. But Bidend spent far more of the speech touting his domestic policies ahead of what is expected to be a Republican onslaught in the November midterm
One of South Africa’s biggest miners is heading for a legal battle at the High Court in London over its decision to ditch a $1.2bn acquisition of copper and nickel mines in Brazil. Sibanye-Stillwater in January suddenly abandoned the purchase of Atlantic Nickel and Mineração Vale Verde from Appian Capital Advisory, citing a “geotechnical event”
SEC Chair Gary Gensler is making it clear he’s skeptical the hundreds of investment funds that tout ESG credentials are as green or socially conscious as advertised. On Tuesday, The Wall Street regulator posted a video on Twitter that highlights some of his top concerns. Gensler pointed out that there’s no industry consensus on what
In this article TGT APA WFC FL KR LCID A shopping cart is seen in a Target store in the Brooklyn borough of New York, U.S., November 14, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Target – Shares of the retailer jumped 11% after the company reported 9% sales
Sharing is Caring! by Michael Snyder All of a sudden, there is a lot of talk in the mainstream media about establishing a “no-fly zone” over Ukraine, and that should deeply alarm all of us. Because establishing a “no-fly zone” over Ukraine would require us to shoot at Russians, and they would inevitably start shooting
A hacking group that infiltrated Nvidia servers last month is attempting to sell software that could unlock crypto mining hash rate limiters on the firm’s flagship graphics cards. A South American hacking group going by the name LAPSUS$ claims to have stolen a terabyte of data from Nvidia servers in late February. The group is
A new housing report by real estate data analytics provider CoreLogic found that home price growth intensified in January as elevated demand and low mortgage rates continued to give sellers the upper hand. Consumers looking to purchase a home have remained optimistic moving into the new year, with more expecting to buy over the next six
One of the United Arab Emirates (UAE)’s leading real estate property developers, DAMAC Properties, is planning to launch a project in the metaverse soon, the company’s managing director (MD) has said. DAMAC Looking Into NFTs and Metaverse According to Ali Sajwani, the managing director of the real estate property developer DAMAC Properties, his company is
If you filed your 2021 tax return early online, opted for a direct deposit into your bank account, and the IRS found no “issues” with your return, look at your bank account — you may see your refund on deposit. So says a Feb. 24, 2022, IRS press release, “Tax Time Guide: Use the ‘Where’s My
State and local officials defended their use of stimulus funds against Republican claims that the money has done more to stimulate inflation than the economy during a House oversight hearing on Tuesday. “Roughly one year into the pandemic, the American Rescue Plan injected a burst of resources into the national economy at a critical time,”
[embedded content] Lithium prices surged in 2021, but new technology should help alleviate supply issues, said Ken Hoffman, Co-Head EV Battery Materials Research Group/Basic Materials, Senior Expert at McKinsey & Company. Hoffman spoke to Kitco on Friday. Since the lithium trough in 2020, prices for spodumene concentrate are up 500% and BG lithium carbonate gained
The coming days will be crucial for… by Arkadiusz Sieron of Sunshine Profits Russia underestimated Ukraine’s fierce defense. Instead of quick conquest, the war is still going on. The same applies to pulling the rope between gold bulls and bears. It was supposed to be a blitzkrieg. The plan was simple: within 72 hours Russian
The Tax Cuts and Jobs Act (TCJA) of 2017 generated significant buzz as tax experts speculated on how the average American’s tax bill would be affected. Some of the most important changes centered on tax deductions and credits that could have a significant impact on younger generations of taxpayers, including millennials. Here is a rundown