Treasury Secretary-designate Janet Yellen said she would work with lawmakers to fast-track a series of tax increases on corporations and wealthy Americans as the Biden administration tries to pass spending on infrastructure and expanding the social safety net. Yellen, who awaits Senate approval for the post, on Thursday submitted written responses to Senate Finance Committee
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Amid a wild market-wide bullrun for non-fungible tokens (NFTs), an ultra-rare “alien” CryptoPunk has sold today for 605 Ether, worth over $750,000 at today’s prices. CryptoPunks are widely considered to be the original NFT project, released even before Cryptokitties, the blockchain-based collectibles project that propelled NFTs to mainstream consciousness. CryptoPunks developers Larva Labs report that
The New York City skyline on the East River at Midtown Manhattan. getty This grand apartment at 1 East End Avenue offers a coveted combination of classic pre-war details and panoramic views of the Yorkville waterfront. Encompassing two levels in a full-service building dating to 1929, the residence features handsome wood floors, recessed ceilings trimmed
Joe Biden’s pick to become the new U.S. Treasury Secretary, Janet Yellen, has clarified her stance on bitcoin and cryptocurrencies. This follows her remarks during a Senate hearing when she said that cryptocurrencies are mostly used for illicit financing. Janet Yellen Clarifies Her Crypto Plans Janet Yellen clarified her position on the regulation of cryptocurrencies
Close up of a group of expat seniors having a celebratory toast getty If you have had thoughts recently about what it might be like to live in another country as you get older, you are not alone. I think more older (and younger!) adults than ever before are giving serious thought to living somewhere
For eight straight months, Florida has seen its workforce expand at a rate above the national average. The Sunshine State gained 21,100 new private sector jobs in December, the Florida Department of Economic Opportunity reported on Friday, even as the U.S. lost 95,000 jobs last month. December’s rate of gains was up 0.3% from November.
[embedded content] (Kitco News) Gold saw a surprising development this week — a run-up in price as Joe Biden was being sworn in as president of the United States on Wednesday. But can this be a start of a new bull rally? Here’s what the analysts had to say about it. The reason behind the
Although advocates for covid-19 lockdowns continue to insist that they save lives, actual experience keeps suggesting otherwise… by Ryan McMaken of Mises Institute Although advocates for covid-19 lockdowns continue to insist that they save lives, actual experience keeps suggesting otherwise. On a national level, just eyeballing the data makes this clear. Countries that have implemented
Investing in fuboTV (FUBO) is not for the faint of heart. In the company’s short life span as a publicly traded entity, shares have been on a dizzy ride, as the bulls and bears have wrestled to take hold of the sports-focused streaming platform’s narrative. The bull/bear argument rests on whether the company can become
Take a look at some of the biggest movers in the premarket: Morgan Stanley (MS) – Morgan Stanley earnings and revenue beat estimates for the fourth quarter. Results were helped in part by strong growth in investment banking and trading revenues. The company’s shares rose 2.5% in premarket trading as of 7:40 a.m. ET. UnitedHealth
by Grif America under under siege cries havoc. President Joe Biden Wednesday traveled from his inauguration ceremony to the White House, sat down at a desk in the Oval Office, and within less than two hours managed destroy nearly ALL of the achievements President Trump fought for four years against savage opposition to achieve. Biden
LLC vs. S Corporation: An Overview Before you start your own business, you have to decide, by law, the legal formation you want for your business. New business owners are confronted with a common debate: LLC vs. S Corp. What are the differences? How will each structure impact your business? An LLC is a limited
Medicines for dogs from Elanco (above) and Bayer (below) are available in an animal shelter on the treatment table of a veterinarian. Frank Rumpenhorst | picture alliance | Getty Images Company: Elanco Animal Health Inc. (ELAN) Business: Elanco is an animal health company that develops, manufactures and markets products for companion and food animals. The company provides
For many Americans of the past century, there may have been no greater measure of individual achievement than baseball legend Babe Ruth’s career record of 714 home runs. On a spring night in 1974, Hank Aaron surpassed that mark — and struck a blow for civil rights in the US. Aaron was an African-American man
Russian police detained more than 1,000 people attending peaceful rallies in support of jailed opposition activist Alexei Navalny on Saturday, in a violent response to nationwide protests set to be the country’s largest in years. Mr Navalny, president Vladimir Putin’s most prominent critic, was jailed this week upon returning from Germany where he was recovering
The SEC charged a former investment advisor with defrauding clients and breaching his fiduciary duty by, among other things, over-concentrating portfolios in Rite Aid securities and misrepresenting the security and safety of those assets even after a planned acquisition of the drug store chain fell apart. Jacob Glick, 36, allegedly placed clients in unsuitable and
The price of Bitcoin (BTC) recovered in the past two days after dropping to as low as $28,850. Following the swift rebound, however, BTC has been unable to break past heavy resistance at $33,000 on Jan. 23, pulling back below $32,000 at the time of writing. BTC/USD 1-hour price chart (Coinbase). Source: TradingView.com Coinbase premium
Startups in space travel, electric cars and hair loss treatments are the hot stocks of the SPAC boom. New billionaire Mat Ishbia has a novel idea: A SPAC boasting big profits and a dividend thanks to his massive mortgage company. Mat Ishbia by Jacob Lewkow for Forbes By Antoine Gara, Noah Kirsch & Sergei Klebnikov
A study by blockchain analytics firm Chainalysis finds that cryptocurrency-related crime has fallen significantly. The criminal share of all crypto activity fell to just 0.34% in 2020. This contradicts recent statements by U.S. Treasury Secretary nominee Janet Yellen and ECB President Christine Lagarde that cryptocurrencies are mostly used for illicit financing. Crypto Crime Plummeted in
How much will a Cash Balance Plan lower you taxes? Depend on how large a contribution you are able … [+] to make. getty The cash balance pension plan has been growing in popularity with the self-employed and small business owners who are looking to minimize their taxes. This valuable retirement plan also works well
Gov. Kate Brown said in her annual State of the State address that she wants to rebuild from a place of racial and economic equality as Oregon attempts to recover from a year overshadowed by wildfires, violent protests and the pandemic. Rating agencies have said social issues, including how states are addressing income inequality and
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) – Seabridge Gold (TSX:SEA)(NYSE:SA) announced today that it has entered into a controlled equity offering sales agreement with Cantor Fitzgerald &
When we look at the extent and the depth of the damage caused the lockdowns and the shutdowns, it’s really hard to see a bold recovery in 2021… by Claudio Grass via Claudiograss.ch Interview with Martin A. Armstrong, founder AE Global Solutions Inc. As we stand at the beginning of the new year, there’s a lot
Aurora Cannabis (ACB) investors are a resilient lot. The Canadian cannabis producer is notorious for diluting its shares via cash raising efforts. The company has continually burnt a hole through its reserves, and the share count has ballooned over the years as it has attempted to put the fires out. Its latest move has involved
Take a look at some of the biggest movers in the premarket: IBM (IBM) – IBM reported quarterly profit of $2.07 per share, beating the $1.79 a share consensus estimate. Revenue missed Wall Street forecasts, however, as software sales posted a decline as pandemic-induced uncertainty kept some customers from striking long-term deals. The shares dropped
by confoundedinterest17 December’s existing home sales numbers are out for December 2020. The numbers are 6.76 million SAAR existing home sales, growing at 0.7% MoM. But on a YoY basis, existing home sales grew at 22.24%. The troubling chart, and the chart that HUD, Fannie Mae and Freddie Mac should play close attention to, is existing
The Internal Revenue Service (IRS) reports that more than 80 million taxpayers use paid professionals to complete and submit their tax returns. If you’re one of them, it is important to organize your receipts, forms, and other documents well before tax time. Your preparer may take information directly from you or ask you to complete a
The doctrine of juche, or self-reliance, has served as a guiding principle for North Korea’s ruling Kim dynasty for more than seven decades as it kept its people isolated from the outside world. But Kim Jong Un must decide whether to accept offers of international assistance to overcome the unprecedented health threat posed by coronavirus.
So far, so good. That seems to be the initial assessment of investors watching signals from the new Biden administration on future policy changes. The Democrats’ plans to go big on economic stimulus and get to grips with the pandemic helped drive US and global equity markets to fresh peaks this week. There will be many
A midsize wealth manager is boosting its annual revenue by 40% and its advisor headcount by 75% through its first major M&A deal. Arete Wealth agreed to purchase Nashville-based Center Street Securities, which has 112 advisors and $1.04 billion in total client assets, the firms said Jan. 15. The parties didn’t disclose the financial terms