ForUsAll, a 401(k) retirement provider, filed suit against the United States Department of Labor (DOL) and Martin Walsh as Labor secretary in U.S. District Court in Washington, D.C. on Thursday. The company is seeking the withdrawal of a DOL compliance assistance release issued in March, citing the Administrative Procedure Act, which safeguards against arbitrary official
Month: June 2022
Is social media still worth the investment? In the world of ultra-luxury real estate, the answer is a resounding yes, according to top agents around the world. With an estimated 3.96 billion (and growing) globally, social media has changed how we interact with one another. This is especially true in a field such as real
The U.S. Department of Justice (DOJ) has indicted an employee of non-fungible token (NFT) marketplace Opensea in what the department called the “first-ever digital asset insider trading scheme.” DOJ Indicts Former Opensea Product Manager The DOJ announced Wednesday the unsealing of an indictment charging Nathaniel Chastain, a former product manager at Ozone Networks Inc. (aka
The Municipal Securities Rulemaking Board has filed a proposal with the Securities and Exchange Commission to change its fee structure to account for prior year results, a move aimed at ensuring the board maintains sufficient operating revenue and avoids collecting excess cash reserves. The new fee structure will establish a new Annual Rate Card Process
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) – Newmont (TSX: NGT) announced Thursday that it has closed a transaction with Skeena Resources (TSX: SKE) to acquire certain properties
Many people want to change the world, and not with a system that benefits everyone, but free goodies and the power to… by Keith Weiner via Mises Many people want to change the world. Depending on the direction they would like to go in, they need to select a suitable strategy. Speaking for myself, my
A home equity line of credit (HELOC) lets you tap into your home equity—the percentage of your home’s value that you already own—using the house as collateral. HELOCs are attractive because they provide easy access to cash for renovations, debt consolidation, medical bills, and other expenses. However, there’s a catch: Because HELOCs are tied to
Chase Coleman’s Tiger Global Management suffered huge losses in May amid a tech-driven sell-off, making the hedge fund’s tough 2022 even worse. The growth-focused flagship fund at Tiger Global tumbled 14.3% in May, bringing its 2022 losses to over 50%, a source familiar with the return told CNBC’s David Faber. In the first quarter, Tiger
Joe Biden will use a rare primetime address to the American people on Thursday evening to push Congress to pass new gun control measures in the wake of a number of deadly mass shootings. The US president will speak “on the recent tragic mass shootings, and the need for Congress to act to pass common
A US markets regulator has sued Gemini Trust, the digital asset exchange owned by the billionaire Winklevoss twins, alleging false statements in relation to a proposed bitcoin futures contract in the early days of cryptocurrency derivatives. Between July and December 2017 Gemini allegedly omitted “material facts” and provided untrue information to the Commodity Futures Trading
This year’s weak performance by U.S. stocks has forced many investors to recalibrate their portfolios. And they’re fleeing do-good strategies. After more than three years of inflows, investors are now pulling cash out of U.S. equity exchange-traded funds with higher environmental, social and governance standards. May saw $2 billion of outflows from ESG equity funds,
Bank of Nova Scotia (TSE: BNS) (BNS) provides financial products and services, including personal, commercial, corporate, and investment banking. It operates through the following segments: Canadian Banking, International Banking, Global Banking and Markets, and Global Wealth Management. BNS recently reported earnings, which beat expectations. Earnings per share came in at C$2.18, above analysts’ expectations of C$1.97.
In this article GME HPE MDB MSFT Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. Charles Platiau | Reuters Check out the companies making headlines in midday trading Thursday. Microsoft — Shares of the technology giant slipped 0.6% after Microsoft cut its earnings and revenue guidance for the fiscal fourth quarter. Microsoft
Sharing is Caring! by Michael Not too long ago, the elite were trying to put a happy face on our growing economic problems. It was obvious that things were trending in a very alarming direction, but they kept assuring us that any bumps in the road were just temporary and that a new golden age
Gemini, a cryptocurrency trading platform founded by brothers Cameron and Tyler Winklevoss, is the latest industry firm to lay off a significant part of its staff due to unfavorable market conditions. Winklevoss’ crypto business Gemini Trust reportedly cut 10% of its employees amid the ongoing bear crypto market, the founders wrote in a notice to
The real estate refresh continues as new data suggests the housing market hit a turning point in its supply struggle in May. The inventory of active listings has returned, recording the first year-over-year increase since June 2019, according to the Realtor.com monthly housing trends report released today. At the same time, the median national home
During the last 30 days, the price of bitcoin has lost more than 22% against the U.S. dollar but during that time, Bitcoin’s hashrate has remained above 200 exahash per second (EH/s). While 16 known mining pools mined the leading crypto asset during the last month, the top five mining pools retained 71.4% of the
Share to Facebook Share to Twitter Share to Linkedin The stock market has had its worst start to a year in recent history and things could get worse as recession fears loom. Since World War II there have been 13 recessions—defined as two consecutive quarters of GDP decline–and there have been three in the 21st
An April spike in COVID-19 hospitalizations and elevated expenses are hammering hospital and healthcare system balance sheets that no longer enjoy federal aid to help manage the fiscal pressure. “Combined with the end of supplemental federal funding, the threat of another significant coronavirus wave and the negative impact on the sector looms larger than ever,”
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) – The latest clearing data for precious metals has been released by the LBMA and there were slightly lower volumes noted
Silver is a bit different… Ned Naylor Leyland with Dave Russell on GoldCore TV This week, Dave Russell of GoldCore TV interviews #NedNaylorLeyland of Jupiter Asset Management, who doesn’t agree with the market’s anticipation that the Fed will pivot, nor does he consider the stock market is currently plummeting. He also looks at gold and
Inflation is an economic term describing the sustained increase in prices of goods and services within a period. To some, inflation signifies a struggling economy, whereas others see it as a sign of a prospering economy. Here, we examine some of the residual effects of inflation. Key Takeaways Inflation, the steady rise of prices for
European stocks rose on Thursday after markets kicked off the new month on a downcast note, as fresh economic data intensified questions about interest rate rises and the global growth outlook. The regional Stoxx Europe 600 share gauge was up 0.5 per cent by the late morning in London, having dropped 1 per cent in
The writer is a founding partner of Veritum Partners The life of an analyst of bank stocks is not for everyone. Much of the day is spent wading through regulatory minutiae, maintaining bloated spreadsheets and hacking through a thicket of acronyms such as CCBs, CCyBs, G-SIB, ATI, Pillar 2 etc. A recent speech by a
The SEC came out last week with its most aggressive plan yet to stamp out greenwashing in the financial industry. Specifically, the agency is targeting funds that have been raking in billions of dollars by marketing themselves as dutiful stewards of environmental, social and governance principles. Wall Street’s reaction? In a nutshell, how can the
After months of underperformance, Affirm Holdings (NASDAQ: AFRM) stock bounced back 66% since it announced its better-than-expected Q3 financials on May 12. Despite this recovery, AFRM stock is still down about 86% from the 52-week high. This includes a decline of about 76% this year alone. The rising interest rates, high inflation, and credit risk are why
In this article MDB CHWY HPE A dog sits in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Chewy — The pet retailer’s
Sharing is Caring! by Charles Hugh-Smith When nobody cares that systems have broken down and there is no will or interest in fixing essential systems, there is no happy ending. Who fixes systems when they break down? The answer appears to be: nobody. Here are three everyday examples from my own life, breakdowns which may be
Bitcoin mining revenue and profitability have continued to slide along with the asset’s price this year as the crypto winter deepens. May has been one of the worst months for Bitcoin miners in the past year as revenue and profitability continue to tank. Bitcoin daily mining revenue tanked as much as 27% in May, according
Seventy percent of all American households have a pet, with 38% having dogs and 25% having cats. The $4.54 billion pet products market has grown along with the popularity of pet ownership. So it’s not surprising that ‘pet parents,’ as many of them think of themselves, are increasingly incorporating their animal companions’ needs into home