Associated Press Ukrainians claim to retake ground ahead of latest talks Ukrainian forces claimed to have retaken a Kyiv suburb and an eastern town from the Russians in what is becoming a back-and-forth stalemate on the ground, while negotiators began assembling for another round of talks Tuesday aimed at stopping the fighting. Ahead of the
Month: March 2022
The Fed has saved the day again! by Graham Summers of Gains, Pains, & Capital The bottom is in. As everyone knows… the Fed has saved the day again! On Tuesday, Fed Chair Jerome Powell announced that the Fed is NOT going to raise rates anymore. It’s not going to shrink their balance sheet either.
Investment retirement accounts (IRAs) are supposed to be long-term investments. Because they’re intended to help you save for retirement, the Internal Revenue Service (IRS) doesn’t want you to withdraw any funds from them before you turn 59½. And to enforce that, you’ll normally owe a 10% penalty on the amount you withdraw early, along with income taxes.
US lawmakers have requested that Credit Suisse share details on its handling of sanctions against Russian oligarchs after the bank asked investors to destroy documents related to assets of its wealthiest clients. Carolyn Maloney, chair of the US congressional committee on oversight and reform, and Stephen Lynch, a member of the committee, asked Thomas Gottstein,
Oil prices dropped on Monday as Ukraine and Russia prepared for more peace talks and new coronavirus lockdowns in China raised the prospect of global energy demand easing. Brent crude, the global benchmark, fell 5.5 per cent to $114 a barrel following a pledge by Ukrainian president Volodymyr Zelensky to declare neutrality and abandon a
People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City. Spencer Platt | Getty Images News | Getty Images Hey Mr. Retail Trader: do you like to
Pres. Joe Biden is reviving a call by Senate Democrats to tax ultra wealthy Americans.Bloomberg News President Joe Biden will propose a minimum 20% tax rate that would hit both the income and unrealized capital gains of U.S. households worth more than $100 million as part of his budget proposal to be released on Monday.
In this article COIN TSLA AMC POLY A Tesla Supercharger station in Vallejo, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Tesla — Tesla shares gained more than 7% on Monday following news that the electric vehicle maker will
Sharing is Caring! By Graham Summers, MBA Do you feel that? I’m sure on some level you do… Something isn’t right about this rally in stocks. Something doesn’t add up. In fact, something very bad is brewing in the financial system. Stocks have erupted higher over the last week, rising 9%. However, beneath the surface, something truly
Bitcoin (BTC) went on to hit its highest level since Jan. 2 on March 28’s Wall Street open as its latest bull run kept up the pace. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC dip nonessential but “would be healthy” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $47,900 on Bitstamp, just $100
The total aggregate digital assets under management (AUM) surged to $48.7 billion in March, up from the $43.9 billion that was recorded in January, the latest data from Crypto Compare has shown. In contrast, the average daily trading volumes fell by 29.6% to $259 million during this period. BTC and ETH Products Lag Behind According
Higher prices returned with a vengeance in 2021. During such bouts of inflation, commodities tend to do well. Last year the S&P Goldman Sachs Commodity Index (GSCI) earned 37.1%, far exceeding the S&P 500 and all other equity indices. It was the third best-performing asset class in 2021. Indeed, only Bitcoin (59.8%) and WTI Oil
Fitch Ratings revised the outlook on the University of Tampa, Florida, to positive from stable on Monday. The rating agency said the revision “reflects UT’s continued strong operating performance through the pandemic in addition to its notably improved balance-sheet position, with cash growth and leverage metrics outperforming Fitch’s prior expectations.” UT is a private university
Oselote/iStock via Getty Images While silver has performed well since my previous update on February 3 (see ‘SLV: Silver’s Fundamentals Continue To Improve‘), the metal has yet to make a significant upside break, which I believe is likely over the coming months. Silver is now incredibly cheap relative to its historical drivers, and history shows
What’s pressuring the bullion bank? by Rafi Faber via Arcadia Economics JPMorgan’s New York silver vault is running low again as inflows into #SLV are pressuring the bullion bank. Meanwhile, Comex has been bleeding physical platinum at an alarming pace since July 2021, and the European Federation of Energy Traders sounds the Red Alert on
Cash App is a popular peer-to-peer (P2P) payment service owned by Block, Inc. (SQ) (formerly Square Inc.), a leader in the financial technology industry. Cash App is just one part of Block’s business offerings, which also include software and point-of-sale hardware for businesses of all sizes as well as cryptocurrency services. Since going public in
Shanghai ushered in extreme lockdown measures on Monday that cleaved China’s leading financial centre in two and blocked connections to the rest of the country, as local authorities tried to quell a record outbreak of largely asymptomatic Covid cases. Police cut off tunnels and bridges linking Pudong, home to Shanghai’s financial district and many big
A few weeks ago Barclays abruptly stopped supporting two of its most popular exchange-traded notes, VXX and OIL. The move to suspend share creations linked to the notes, designed to mimic Vix volatility futures and crude oil prices respectively, puzzled many, given how VXX in particular was a popular trading tool with nearly $1bn in
Sharing is Caring! by Michael What we are witnessing is truly the beginning of the end. In recent months I have focused a lot on the economic implosion that is now taking place, but what we are facing is so much broader than that. Our society is literally falling to pieces all around us, and now World
Bitcoin (BTC) begins the last week of March with a bang after returning to its yearly opening price above $46,000. In a surprisingly strong upward move for a weekend, BTC/USD began surging upwards Saturday, continuing overnight to challenge its highs from the start of 2022. Coming against an ongoing macro climate of considerable uncertainty, strength
Hacking group Anonymous has reportedly published a large amount of data allegedly belonging to the Bank of Russia. The release comes after the collective announced it had hacked Russia’s central bank earlier this week, a claim that was denied by the monetary authority in Moscow. Anonymous Publishes Leaked Bank of Russia Files A group affiliated
(Bloomberg) — Gold dropped as the U.S. dollar strengthened and Treasury yields rose, sapping demand for the safe-haven asset after a weekly advance. Most Read from Bloomberg Bullion climbed 1.9% last week as the war in Ukraine burnished gold’s haven appeal, with holdings in exchange-traded funds backed by the metal rising for a 10th straight
Getting water when there is no power after a city-wide collapse is difficult… by J.G. Martinez via The Organic Prepper Water is the most important prep, in my book. Even living in a tropical country with an abundance of water, easy access to clean water can sometimes get scarce. It’s impossible to write about water
There’s no doubt that the U.S. dollar has immense power. Its value is determined by the strength of the American economy, which is one of the reasons why it’s the world’s dominant currency. Not only is it the world’s most commonly used currency, but it’s also the world’s reserve currency, meaning it’s held in large
US president Joe Biden has denied that the US is seeking to overturn Vladimir Putin’s regime after appearing to call for the ousting of his Russian counterpart, as European leaders stressed the importance of avoiding an escalation of geopolitical tensions. In a speech in Warsaw on Saturday, Biden condemned Putin’s “brutality” in the invasion of
There would have been little of note in the two-minute video Russia released on Saturday of Sergei Shoigu discussing procurement — had it not been the first confirmed sighting of Russia’s defence minister in two weeks. The longest-serving minister in the Russian government, Shoigu has been a near-constant presence on television for the past three
Puerto Rico, a U.S. territory, is also a tax haven.Pixabay Not just azure waters and pristine beaches make Puerto Rico an attractive destination. With its generous financial incentives, the territory is also a haven for wealthy Americans seeking to legally avoid taxes. Now, in a twist, a big financial advisory firm in Florida is aiming
Sharing is Caring! It’s not positive for the stock market. Possibly very bad. The Goldman Sachs indicator relative to the S&P 500 SPDR is pointing down, which means that GS stock is weaker than the overall market. That happens when investors are not bullish on the business prospects of securities firms that depend on capital
Innovative cities across America are racing to become the next hot spot for cryptocurrency and blockchain adoption. Miami was the first city to adopt its own part of CityCoins last year, allowing it to implement its own cryptocurrency called “MiamiCoin” to be used for civic engagement. New York City has also made a name for
The crypto economy has managed to remain above the $2 trillion mark during the last five days since March 22. Currently, the global cryptocurrency market capitalization is 1.3% higher during the last 24 hours, as the valuation stands at $2.1 trillion today. Furthermore, the price of bitcoin jumped over the $46K zone on Sunday as
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