A banner promoting the Emerald Bay residential project outside the China Evergrande Centre in the Wan Chai area of Hong Kong, China, on Friday, July 23, 2021. Lam Yik | Bloomberg | Getty Images Embattled developer China Evergrande on Tuesday said its property sales will likely continue to drop significantly in September, resulting in a
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Inflation tends to top the list of economic risks that investors obsess most about. After all, runaway inflation has devastated some economies over the centuries. Corralling inflation and keeping expectations well-anchored have been key mandates for most central banks for decades. However, inflation expectations are not uniform across age groups. Surveys from the New York
On the heels of Minnesota’s recent $876 million deal, the state’s public university system heads into the market this week with a deal that offers investors a range of paper to pick from, including a sustainability-certified bond. The Regents of the University of Minnesota will bring a $127 million refunding on Tuesday and follow with
(Bloomberg) — Gold steadied as investors waited for U.S. inflation data that may influence when the Federal Reserve will start reducing stimulus. Consumer price index data due later Tuesday are expected to show an annual pace of inflation of 5% or more for a fourth month. This follows a report last week which showed the
Another big pop in Indian gold demand… by Jason Burack of Wall St For Main St Another big pop in Indian gold demand… FULL SHOW NOTES AND LINKS HERE Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about
Hotels vs. Airbnb in NYC: An Overview When you visit NYC, you can choose between staying in a hotel or an Airbnb, and there are pros and cons for each. In New York City, there are hundreds of hotels to choose from, and as of September 2021, over 36,000 Airbnb rentals—both rooms to rent in
Norway’s centre-left opposition regained power after an unprecedented eight years of rightwing rule in an election dominated by the future of the country’s oil industry and inequality. Centre-left parties won 100 seats against 68 for the centre-right, according to projections with almost all votes counted. Conservative prime minister Erna Solberg conceded late on Monday night.
JD Sports Fashion posted a more than sevenfold surge in interim profit and raised its full-year target by about a third as its expansion into the US paid off. The retailer said pre-tax profit for the six months to July rose to a record £364.5m, from £41.5m a year ago, as revenue increased 56 per
Interactive Brokers is introducing cryptocurrency trading, adding to competition for self-guided virtual currency traders among brokerages. The Greenwich, Connecticut-based company will allow users to buy and sell Bitcoin, Ethereum, Litecoin and Bitcoin Cash through a partnership with crypto brokerage Paxos Trust, according to a statement Monday. Customers will pay a commission of 0.12% to 0.18%
Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on Diamondback (FANG – Research Report) and SM Energy (SM – Research Report). Diamondback (FANG) In a report issued on August 23, Nitin Kumar CFA from Wells Fargo maintained a Buy rating on Diamondback, with a price target of
A liquefied natural gas (LNG) tanker arrives at a gas storage station. STR | AFP | Getty Images Natural gas prices have surged more than 35% in the past month, as worries grow there is not enough gas stored up for the winter should temperatures be especially cold in the northern hemisphere. The usually quiet
The New York Attorney General (NYAG) has won a victory against crypto exchange Coinseed for its dodgy dealings with Dogecoin and defrauding its customers. On Sept. 13 NYAG Letitia James ordered Coinseed Inc. to permanently halt operations and pay $3 million in fines after it had been accused of freezing withdrawals and converting client funds
Our city has many lives. September 11, 2001, started like any other Tuesday. We had office meetings planned; they were to begin at 9:30 AM. But by 9:15, the day had switched from normal to surreal. As we watched, the endless loop of the planes crashing into the towers, and then the towers falling, began
DBS Group Holdings, the largest bank in Singapore and Southeast Asia, says its crypto business is “growing very rapidly.” The bank’s digital asset trading platform expects to double the number of members by year-end. Singapore’s DBS Expects Substantial Growth in Crypto Business DBS’s senior executives said in an interview, published by Reuters Monday, that the
If you lost track of a retirement savings account held in the early years of your career, your ease in finding it will depend a lot on the type of savings plan. If you’re looking for an old IRA, searching for it through the National Association of Unclaimed Property Administrators (NAUPA) is likely to help
Municipals were little changed ahead of a $10 billion-plus new-issue week as California offered $2 billion of general obligation bonds to retail investors and the market considered the municipal bond provisions offered from Washington. Triple-A benchmarks reported steady levels while U.S. Treasuries improved and equities also improved. “The municipal market is relatively unchanged and not
[embedded content] (Kitco News) - Several structural problems in the U.S. could cause a slowdown in economic growth soon, with stagflation hitting and lasting for the next six months, said Tavi Costa, portfolio manager of Crescat Capital. “I am in the of sort of a more of a stagflationary environment in the next six months or
The government may call it “borrowing”, but it has neither the means nor intent to repay. It will inevitably lead to a crisis… by Keith Weiner of Monetary-Metals Picture, if you will, a government that deliberately inflicts bad policy on the people. I know this sounds crazy, and could never happen, but please bear with
The emergence of COVID-19 turned 2020 into an unprecedented year, leading to significant changes in the way we live and work. During 2021, some of those trends are likely to continue, reshaping everything from the way we do business to the financial landscape. To put some of these trends in perspective, we asked several of
An illustration showing the cryptocurrency bitcoin with a price chart in the background. STR | NurPhoto via Getty Images The banking and investing app MoneyLion is adding crypto trading to its all-in-one financial services app. The eight-year-old fintech company, which plans to go public later this month on the New York Stock Exchange under the
Mohammad has farmed the verdant land in Wardak, a province near Kabul, his whole life. The grey-bearded farmer managed orchards of apple and apricot trees, wheat fields and scores of animals from cows to sheep. His animals are gone and the orchards are parched by successive droughts, with Mohammad now felling barren trees for firewood.
The UK government is being urged to change the law to combat the use of “gagging clauses” to silence victims of sexual harassment and other forms of discrimination in the workplace. Maria Miller, a Conservative MP, will introduce a 10-minute rule bill on Tuesday that would stop the use of non-disclosure agreements from being used
The fight in Congress over emerging tax increases on the wealthy took a dramatic turn on Monday with a slew of unexpected proposals from lawmakers. A House committee tasked with drafting the tax law needed to pay for the Biden administration’s $3.5 trillion spending plan issued a detailed look at what increases on wealthy individuals
Right now, markets are giving investors opposing trends simultaneously. The S&P and NASDAQ have posted strong year-to-date gains. At the same time, however, Wall Street strategists are growing more concerned that a slowing U.S. economy could derail the stock market’s record run. It’s an environment full of risk, and so risk-friendly investors are finding plenty of options –
A customer pushes her shopping cart through the aisles at a Walmart store in the Porter Ranch section of Los Angeles. Kevork Djansezian | Reuters Tuesday’s report of the consumer price index could set the tone for markets ahead of next week’s Federal Reserve meeting, particularly if it is hotter than expected. The CPI is
Sharing is Caring! by Kimble Charting Watching high income (or high yield) bond funds has always been a good indicator of risk for the overall market, especially for stocks. Today’s chart takes a look at the Pimco High Income Fund ETF (PHK) and why investors need to be watching this ETF (as well as others in the
Democrats in the U.S. House of Representatives have proposed tax initiatives to fund a $3.5 trillion spending package which could potentially affect crypto users. According to a document released by the House Committee on Ways and Means on Monday, the proposal would increase the tax rate on long-term capital gains from the existing 20% to
The dizzying gains in home prices seen earlier this year may have peaked, according to data from House Canary. That doesn’t mean it’s bargain-basement time. The median listing price increased 7% in August’s last week from a year earlier, compared with a 16% annualized gain in May, according to a House Canary report. The median
Nasdaq-listed Microstrategy has purchased 5,050 more bitcoins for $243 million, raising its total bitcoin holdings to 114,042 coins. Microstrategy Continues to Grow Its Bitcoin Stash The pro-bitcoin software company Microstrategy announced Monday that it has purchased more bitcoins. CEO Michael Saylor tweeted: Microstrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at
The recent Social Security trustees report projected that the combined Trust Funds for Social Security retirement and disability benefits (officially called the Old-Age and Survivors Disability Insurance benefits, or OASDI) would be exhausted in 2034. These projections use the Social Security actuaries’ best estimate for various assumptions to project the system’s operations over the next