Sen. Joe Manchin, D-W.Va. questioned a key Biden Administration energy policy Thursday when he called tax credits for electric vehicles “ludicrous” amid strong consumer demand and a lack of American production of EV batteries. “There’s a waiting list for electric vehicles with the fuel price at $4. But they still want us to throw
Month: May 2022
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With the Fed poised to raise interest rates and inflation hitting 8.5%, the… Lobo Tiggre on GoldCore TV ‘In case of an emergency, you need #PhysicalGoldAndSilver,’ so says this week’s guest, #LoboTiggre of the Independent Speculator. With the Fed poised to raise interest rates and #inflation hitting 8.5 %, the Biden administration is accusing the
Key Takeaways Berkshire Hathaway beat analysts’ estimates for EPS and operating earnings in Q1 FY 2022. Operating revenue and earnings also were up YOY. Its investment portfolio posted a mark-to-market loss versus a large gain one year ago. At the annual shareholders meeting, Warren Buffett and Charlie Munger took aim at stock market speculation, Robinhood,
In this article JNPR V GOOGL MSFT SNAP A man walks past the brand logo of Alphabet Inc’s Google outside its office in Beijing, China, August 8, 2018. Thomas Peter | Reuters Earnings season can bring heightened volatility to the markets, and this time it’s showing no sign of slowing down. In tumultuous times like
Senior British MPs have called on parliament to strengthen its human resources practices following the latest wave of harassment and conduct allegations in Westminster. Neil Parish, a Conservative MP and chair of the environment, food and rural affairs select committee, was forced to quit parliament after admitting that he had watched pornography twice in the
The German government has said it backs a phased-in ban on Russian oil imports into the EU, as officials in Brussels try to seek consensus on an embargo as part of the latest package of sanctions against Moscow. Jörg Kukies, one of chancellor Olaf Scholz’s closest advisers, said Berlin was in favour of an oil
Financial Planning Association, in partnership with eMoney Advisor, Kaplan’s College for Financial Planning, the Charles Schwab Foundation and Schwab Advisor Services, has opened registration for the FPA Virtual Externship in the third year of the virtual training program. The eight-week program runs from June 6 through July 29 featuring classes led by more than two
While the community was witness to the largest NFT mint yet, Ethereum (ETH) gas prices rose to unprecedented levels, in addition to users experiencing failed transactions due to blockchain bottlenecks. Bored Ape Yacht Club creator Yuga Labs launched a sale of Otherdeed non-fungible tokens (NFTs) that represents digital land deeds on their new venture, the
The Central Bank of Bahrain (CBB) has said new regulations compelling operators of crowdfunding platforms to ensure their products are suitable for clients are set to replace existing rules which were first issued in 2017. Segregation of Client Money From Platform Operators The Central Bank of Bahrain (CBB) has issued new guidelines which apply to
So far, 2022 has been an extremely unkind year to investors. To recap, as of this writing: · The S&P 500, which tracks the 500 largest US stocks, is down over 10% · The technology heavy NASDAQ NDAQ , that has delivered stellar performance for over a decade, is down nearly 18% · The Russell
New York Mayor Eric Adams’ executive budget for fiscal 2023 would provide an additional $1.2 billion in spending compared to his February plan thanks in large part to a greater-than-expected revenue surge. Adams presented his $99.7 billion revised spending plan Tuesday during the state of the city address in Brooklyn and later took questions from
(Kitco News) Russia is currently in discussions to peg the ruble to gold, according to the Kremlin. But the idea was dismissed by Bank of Russia Governor Elvira Nabiullina following Kremlin’s comments. The Russian government appears to be seriously considering backing Russian rubble with gold, at least according to President Vladimir Putin’s spokesman Dmitry Peskov.
Hey Musk! Just buy all the Silver ETFs! by Rafi Farber via Arcadia Economics Yes, it’s nice that Elon Musk spent a tiny fraction of his fortune to buy Twitter. But if you really want to know how insanely cheap silver is, consider this. Musk could have bought the entire world’s supply of transparent silver
The balance sheet and the profit and loss (P&L) statement are two of the three financial statements companies issue regularly. Such statements provide an ongoing record of a company’s financial condition and are used by creditors, market analysts and investors to evaluate a company’s financial soundness and growth potential. The third financial statement is called the cash-flow statement. Key Takeaways
In this article BRK.A Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a “gambling parlor.” Buffett, 91, spoke at length during his annual shareholder meeting Saturday about one of his favorite targets for criticism: investment banks and brokerages. “Wall Street makes money, one
Production at Africa’s largest Covid-19 vaccine manufacturing plant has been halted for the past month because of a collapse in demand, putting its future in doubt and threatening to undermine efforts to build a homegrown vaccine industry on the continent. Executives at Aspen Pharmacare, a South Africa-based pharmaceutical company that has produced about 180mn doses
A team of international experts ranging from epidemiologists to computer modellers should be created to quickly identify global health threats and improve co-ordination between countries, Bill Gates has said, warning that greater investment is needed to avoid another pandemic. The Microsoft founder and philanthropist, who in 2015 first cautioned publicly that the world was not
LPL Financial pushed its industry-leading advisor headcount past 20,000 and bested earnings estimates in Q1 despite lower equity markets resulting in declining client assets. Quarterly earnings statements released Thursday show rising profit, income and planners for the nation’s largest independent broker-dealer, and CEO Dan Arnold said in prepared statements that the firm plans to boost
Sharing is Caring! by catbulliesdog [embedded content] There’s going to be a lot of text here, so all you smooth brain apes who are on reddit, a text based website, yet are still to retarded to read, can skip to the end where there will be a very short summary, a bottle of milk from your
Web3 puts major companies like Meta out of business and gives every user rights to develop the next big thing together. Decentralization and the combination of humans and machines will be the heart of the Web3 projects. There is a reason for users’ passive participation: We’re still busy trying to get the biggest part of
Two of the most critical factors facing housing construction today are labor and inefficiency. And, while there are no one-shot, sure-fire solutions, Pittsburgh-based home building startup Module is working on disrupting both with the launch of the Last Mile Lab, a place for product and process innovation and workforce training. This one-two punch is perfect
Switzerland’s central bank, the Swiss National Bank, says buying and holding bitcoin as a reserve currency is not a problem for the bank. “We can arrange the technical and operative conditions relatively quickly, when we are convinced we must have bitcoin in our balance sheet,” the chairman of the Swiss central bank reportedly explained. Switzerland’s
It’s hard to find many reasons to be bullish on the stock market right now. On the other hand, there are many reasons to be bearish, at least in the short term, from war to inflation to monetary tightening to fiscal spending declining in 2022. From an investing standpoint, a far more transformative event than
Oregon filed amended offering documents Thursday for a recent lottery bond deal after the state Court of Appeals reversed a $1 billion verdict against the state in a dispute over forest management. The Department of Administrative Services had priced $217.7 million in lottery revenue bonds in two tranches of taxable and tax-exempt debt two weeks
[embedded content] “Challenges in the food and energy markets could get much worse and lead to significant disruptions in the global supply chain if the Russian-Ukrainian war stretches out longer than expected,” said Ivo Pezzuto, Professsor of Global Economics, Competitiveness, and Digital Transformation at the International School of Management in Paris. Pezzuto discussed the impact
The important GDP release was much worse than expected. However, we may see a… by Paul Rejczak via Sunshine Profits The S&P 500 index slightly extended its downtrend yesterday, but at the end of the day it was higher. So was it a reversal or just another short-term bounce? The broad stock market index gained