In this article AAL GM X The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, March 16, 2021. Rebecca Cook | Reuters Check out the companies making headlines in midday trading. Dow Inc. — Shares of the chemicals company dropped more than 4% to lead the blue-chip Dow
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Sharing is Caring! by Dave Kranzler of Investment Research Dynamics Commodities are historically cheap to the S&P 500. This is after the monster move over the last 18 months ignited by the Fed more than doubling its balance sheet over the next same time period. Funny thing about looking at a chart of commodities. That rally largely has
Travel + Leisure has released its annual World’s Best Awards where the readers get to vote for their favorite travel destinations around the world. Included in these awards is Best Hotel, 25 Best Cities in the World and 15 Best Cities in the United States. Voting for cities was based on criteria that includes sights,
SEC Chairman Gary Gensler says that the SEC has no plan to ban cryptocurrencies as China has done. He noted that it would be up to Congress to make such a decision. Recently, Federal Reserve Chairman Jerome Powell similarly said that the Fed had no intention to ban or limit the use of cryptocurrencies. SEC
Alexandra Lashner of Bensalem, Pennsylvania, became frustrated after attempting to buy a house this year and decided to postpone homeownership. Source: Alexandra Lashner Alexandra Lashner and her husband were excited to buy their first home earlier this year. They saved up enough for a 20% down payment and had no debt. Yet they still couldn’t
The Municipal Securities Rulemaking Board has put out a request for comment on two draft compliance resources for broker dealers and municipal advisors concerning pricing new issuances and will be accepting comments until Jan. 4, 2022. The 90-day comment period for this guidance comes as the MSRB is “undertaking a retrospective review of the catalogue
Pauline, a local resident in Marin County, CA just turned 114. The local senior center she attends is celebrating her birthday along with many others. She is easily the oldest person in my county and one of the oldest in the entire U.S. She’s alert, active, healthy and happy. Is it some magical run of
Gold futures were headed for a second session of losses in a row on Wednesday as the U.S. dollar strengthened, but some slippage in U.S. bond yields following a better-than-expected climb in private-sector jobs helped to limit price losses for the precious metal. In the few minutes after U.S. private-sector employment data from the ADP
In total global economic collapse, all retail stores will be closed within hours, and it will be out and out total social anarchy… by Marshall Swing (full clickable links at Facebook post) So, we had a Facebook OUTAGE on Monday lasting 6 hours. Billions of people were quite frustrated to say the least… From a
Bitcoin (BTC) surged even higher on Oct. 6 as spot price saw a sudden surge upward to over $55,000, its highest since May 12. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Bitcoin fully cancels out China mining rout Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hurtling to $55,500 during Wednesday. The level beats a
2020 and 2021 has been an unsettling time for investors of all levels as U.S. markets have gone from record highs into a vicious bear market in under a month, back to record highs all in the span of two years. The volatility has indeed been head-spinning as the entire global economy effectively came to
U.S. Bancorp George Frey | Bloomberg | Getty Images The race to cater to institutional investors who want to wager on cryptocurrency is heating up. U.S. Bank, the fifth biggest retail bank in the nation, is expected to announce Tuesday that its cryptocurrency custody service is available to fund managers, CNBC has learned. The offering
Government bond yields rose and European stocks fell on Wednesday after energy prices surged, the IMF trimmed its economic growth expectations and New Zealand became the latest central bank to raise interest rates. On Tuesday, European natural gas prices shot to record highs, dragging down government bond markets. The UK’s 10-year benchmark bond yield, which
Amazon has won a record amount of tax breaks this year as local officials try to lure the online shopping giant to expand its one-day or same-day delivery networks in their areas. According to data from Good Jobs First, an economic development watchdog based in Washington DC, Amazon has so far secured about $650m in
President “Thrive not survive” — that’s the mantra Suni Harford, the president of UBS Asset Management, adopted as her organization weathered the changes brought on by the pandemic. Harford was quick to decide that UBS would not just tolerate the flexible work arrangements made necessary by the pandemic, but would embrace them as the dawn
Accenture (ACN) revealed that it has acquired Advoco, one of the largest systems integrators for Infor EAM, to bolster its intelligent asset management solutions capabilities. Infor EAM is a software-as-a-service suite for enterprise asset management (EAM). Accenture is a multinational professional services company, which provides management consulting, technology and outsourcing services. (See Accenture stock charts on TipRanks)
Dubai is a city known across the globe for its ambitious and epic structures—from Burj Khalifa, the tallest building in the world, to Palm Jumeirah, a manmade archipelago fitted with hotels, resorts and residences. Breaking records and achieving firsts has not stopped the city from expanding, as new developments continue to pop up every year.
The Central Bank of Uruguay has issued a statement describing a roadmap for the regulation of cryptocurrency assets in the near future. The institution stated it has established a group to examine the best way possible to regulate these assets, considering the realities of the crypto industry. Also, some modifications to current laws could be
The Puerto Rico Oversight Board objected to a Puerto Rico bondholder request to further extend the retail bondholder Plan of Adjustment voting deadline. In response to requests by the Retirees Committee, Unsecured Creditors Committee, and bondholder Peter Hein, Puerto Rico bankruptcy Judge Laura Taylor Swain on Sept. 27 extended the voting deadline on the plan
[embedded content] Jeff Christian, managing partner of the CPM Group, discusses with David Lin, anchor of Kitco News, how to interpret large volumes of silver trading. Christian’s research at the CPM Group concludes that in a given period, there are just as many sessions of high volume buying as there is selling of silver contracts
Podcast: Play in new window | Download Subscribe: Apple Podcasts | Stitcher | Email | Most people have been wrong about silver’s performance since February, jumping on one bandwagon after another about why silver was supposed to skyrocket in price and… Matt O’Connor (Matt from Silver Fortune) from Silver Fortune interviewed by Paul “Half Dollar”
Ethereum-based decentralized blogging platform Mirror has opened its doors to the wider public after months of running vote-based contributions only. Mirror was launched in December 2020 to enable selected writers to publish on the decentralized blogging platform. Contributors could gain access by getting voted for in weekly competitions using the platform’s native token WRITE, with
Frances Haugen, who calls herself an “advocate for public oversight of social media,” testified before the U.S. Senate subcommittee on Consumer Protection, Product Safety and Data Security on Oct. 5, 2021. In her testimony, Haugen alleged that her former employer—Facebook, Inc. (FB)—has a culture in which profits take precedence over the safety of users, including
In this article SPWR Construction workers install SunPower tiles on homes in San Ramon, Calif. Robert Nickelsberg | Getty Images SunPower said Tuesday it’s restructuring its operations in a bid to focus exclusively on the fast-growing residential solar market. The company is acquiring residential solar provider Blue Raven, while also looking to sell its commercial
Spurious claims detected by UK insurers fell by a tenth last year, a drop attributed by the industry to the knock-on effects of closing business premises and locking down drivers during pandemic restrictions. General insurers identified 96,000 fraudulent claims in 2020, the lowest number since 2007, according to the latest data from the Association of
YouTube has shut down R Kelly’s official video channels on its website, the first big action taken to wipe his music off the internet after the R&B artist was last week convicted for sex trafficking and racketeering. The RKellyTV and RKellyVevo channels have been closed, yielding an error page, and the artist will not be
Two RIAs managing several billions of dollars in client assets in their second generation of ownership are folding into bigger firms in an effort to ramp up their growth. Dallas-based Quest Capital Management, a hybrid RIA with $1.5 billion in client assets and 24 employees and advisors previously affiliated with Raymond James Financial Services, sold
As we head into the tail end of the year, markets are giving conflicting signals. The steady upward movement, that we saw in all of the main indexes through much of the year, has given way to short-term slips and increased volatility. Inflation is up, the job market remains stuck in an ugly combination of
Take a look at some of the biggest movers in the premarket: Lordstown Motors (RIDE) – The electric truck maker was downgraded to “underweight” from “equal-weight” at Morgan Stanley, which notes that the recently announced sale of Lordstown’s Ohio plant to Foxconn values the plant at less than a fifth of prior estimates. Lordstown tumbled
Sharing is Caring! from Kerry Lutz’s Financial Survival Network [embedded content] John Rubino returns… As our economy drifts into bankruptcy and financial crisis, we are experiencing a widespread loss of trust. I sit down and chat with John to dissect this, and it seems that we are within a system and cycle that isn’t working so well