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Unnamed sources familiar with the matter indicate the Biden administration may allow Federal Reserve chairman Jerome Powell to continue as the central bank’s lead. The news follows three U.S. representatives asking Biden to replace Powell with a central bank leader that addresses equality and climate change. Jerome Powell to Stay for Second Term, Sources Say
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Stifel Financial Corp. has added a pair of financial veterans to lead its fixed-income capital markets division with the hiring of David Rubulotta and promotion of Brant McDuffie. The team will share the role of deputy co-heads of the department, which is a first for the financial services holding company headquartered in St. Louis, Mo.,
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What is one to do in this era of money printing, where determining the value of anything is challenging? Marc Faber on GoldCore TV This week on GoldCore TV Dave Russell chats with Dr. Marc Faber, Editor and Publisher of the “Gloom, Boom & Doom Report”. Dr. Faber is well known for his outspoken views
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The Inspiration4 crew in their SpaceX spacesuits, from left: Chris Sembroski, Dr. Sian Proctor, Jared Isaacman, and Hayley Arceneaux John Kraus / Inspiration4 KENNEDY SPACE CENTER, Florida — SpaceX is set to make history as Elon Musk’s space company prepares to launch four civilians to orbit. They will become the first full crew of non-professional astronauts to fly to
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Gunfire was reported outside Haiti’s parliament building on Wednesday as rumours spread that a leading senator was to be sworn in as interim replacement for Jovenel Moïse, the president whose assassination in July plunged the Caribbean nation into turmoil. Videos on social media, which could not be independently verified, showed gunmen outside the building in
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Premium drinks company Fevertree has been hit by global supply-chain bottlenecks and shipping costs in the first half of the year, squeezing its earnings even as business in Europe and the US has rebounded from the depths of the pandemic. Earnings at the company, best known for making top-shelf tonic waters and cocktail mixers, were
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ReneSola Ltd. (SOL) designs, builds, operates and sells solar power projects in the United States and Europe. I am bearish on the stock. (See SOL stock charts on TipRanks) The PolySilicon Crisis After falling rapidly for over a decade, Solar module prices have taken an upturn for the worse in 2021. The catalyst for the
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Andrew Lanoie is a Best Selling Author, Investor and Podcaster at The Impatient Investor, as well as Co-Founder of Four Peaks Partners. Real estate is a well-established path to riches. Many self-made millionaires and 38 of the Forbes 400 list of wealthiest Americans have made their fortunes from real estate. Most of these millionaires and billionaires didn’t
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Interactive Brokers, one of the largest online brokerage firms, has announced today it is offering cryptocurrency trading services in alliance with Paxos. Users of the platform now have a complete suite of cryptocurrency trading options, along with traditional trading offerings like stocks and bonds. The company recognized the importance of digital assets for traders to
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The government of Guam has settled on a $937 million budget for fiscal 2022, which starts Oct. 1. Gov. Lourdes “Lou” Guerrero on Saturday said she would let the budget go into effect without her signature. The legislature transmitted the budget to her on Aug. 31. The budget includes $623.6 million of total General Fund
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[EDITOR’S NOTE: Written with material from Rio Tinto news release] Rio Tinto and Caterpillar have signed a Memorandum of Understanding (MoU) for Caterpillar’s development of zero-emissions autonomous haul trucks for use at one of Rio Tinto’s Western Australian mining operations. The collaboration will see Rio Tinto work with Caterpillar to advance the development of the
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Despite this reticence the BIS is almost certainly acting on behalf of central banks in… By Robert Lambourne via GATA The recently released August statement of account of the Bank for International Settlements – https://www.bis.org/banking/balsheet/statofacc210831.pdf — contains information suggesting a decrease of about 38 tonnes in the bank’s gold swaps in August, from 502 tonnes
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A bear market is traditionally defined as a period of negative returns in the broader market where stock prices fall 20% or more from recent highs. Several strategies can be used when investors believe that this market is about to occur or is occurring; the best approach depends on the investor’s risk tolerance, investment time
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Legal troubles are mounting for Charles Schwab’s robo advisor. Two months after the Westlake, Texas-based brokerage announced it was setting aside $200 million for an SEC probe into Schwab Intelligent Portfolios, a group of clients have filed a class action lawsuit alleging the digital advisor violated its fiduciary duty by over-allocating portfolios to cash. While
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