Visitors crowd around the Nvidia booth at the 2016 China Digital Entertainment Expo, known as ChinaJoy, in Shanghai. STR | AFP | Getty Images Check out the companies making headlines in midday trading. Didi Global — Shares of the Chinese ride-hailing giant climbed 3%, on pace for double-digit gains on the week amid a Bloomberg
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Sharing is Caring! by Michael Snyder Things just continue to get crazier and crazier. In all of the years that I have been writing about the economy, I have never seen anything like this. The latest employment report that was released on Friday is being described as a “huge disappointment” because the number of Americans that were
An important part of preserving investing profits is knowing when an asset or sector is showing signs of exhaustion and when a sector rotation is underway. This is especially important in the rapidly moving cryptocurrency markets, which can change direction in a heartbeat and turn crypto millionaires into depressed bag holders. Most investors know that
The CEO of real estate brokerage Redfin told CNBC on Friday he believes there has yet to be a serious reckoning among U.S. homebuyers about the dangers climate change presents. “The buyers just keep marching into the jaws of destruction,” Redfin’s Glenn Kelman said in an interview on “Closing Bell.” Wildfire season in the American West is
Like nearly every industry, the Covid-19 pandemic has rattled the commercial real estate (CRE) sector. As businesses reopen, owners are being forced to make tough decisions, such as whether or not they should continue to rent office space. Consequently, landlords and other CRE investors may see a continued impact on their revenue stream. As experts
Reports from Zimbabwe suggest that an individual by the name of Martin Mhlanga, who is the mastermind behind the Cryptoshares bitcoin pyramid scheme, has disappeared along with over $6 million in investor funds. In addition to Mhlanga’s disappearance, the individuals thought to be managing Cryptoshares’ social media channels have similarly vanished. Unrealistic Cryptoshares Promises As
Another week… more disturbing revelations about America’s severely underfunded state and local government pensions… another of a new breed of forensic investigations funded by concerned pensioners whose retirement security is at risk. This week, the Chicago Police Department Pension Board Accountability Group—comprised of retired and active Chicago police officers and their dependents— released the scathing
The municipal market was little changed on Friday as a disappointing August jobs number punctuated an otherwise lackluster day of light trading activity ahead of the Labor Day holiday. Trading fell to a trickle at about $2.1 billion near the close and triple-A benchmarks were unmoved, outperforming a cheaper U.S. Treasury market which saw the
Silver attracted dip-buying near the weekly trading range support, around the $23.80-75 region. The range-bound price action constitutes the formation of a rectangle, pointing to indecision. Mixed technical indicators on hourly/daily charts warrant caution before placing aggressive bets. Silver regained some positive traction on the last day of the week and recovered a part of
If gold shines brightest as real rates go deeper and faster into the… by Matthew Piepenburg via Gold Switzerland Reason 1: The Taper Debate May Not be a Debate at All Here, we look past the taper headlines and ask a simple question: Would a Fed “tapering” of QE really matter? As we’ve written elsewhere,
The Committee on Financial Services of the United States House of Representatives held a virtual hearing on Feb. 18, 2021, with the title “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide.” The announcement for the hearing noted that “recent market volatility involving GameStop [Corporation (GME)] stock and other
The US economy created 235,000 jobs in August, a sharp decline from the previous month and a sign that the more contagious Delta coronavirus variant is having an effect on hiring plans. Non-farm payrolls data released by the Bureau of Labor Statistics on Friday marked a sharp deceleration from the upwardly revised 1.1m jobs created
In this article DIDI Budrul Chukrut | LightRocket | Getty Images Shares of Didi are poised for double-digit gains this week amid a Bloomberg News report that Beijing is eyeing a plan to take the troubled ride-hailing giant under state control by acquiring a stake through government-run firms. State-owned Beijing Tourism Group and other companies
Many of the large US companies that have spoken out on everything from voting rights and racial equality to transgender recognition in recent years are so far dodging the polarising debate over abortion as some of the country’s tightest restrictions go into effect in Texas. The “heartbeat” law bans abortions after cardiac activity is detected,
HD Financial Specialists, an East Amherst, New York, based firm with $100 million in assets under management, is affiliating with Cetera. HD president Sean Hayden is joined by Samuel Bloomberg, CPA and accounting professional; Dina Dalton, AHIP licensed Medicare professional; Seth Hamilton, financial advisor and tax preparer; Lindsey Gamis, client operations; and Wendy Phelps, client
Hormel Foods Corp. (HRL) turned in an earnings report on Thursday that left a bad taste in investors‘ mouths. The company’s stock price has dropped nearly 6% over the past two days of trading as a result. However, I’m still cautiously bullish on the food maker’s futures. Hormel overall has kept a fairly tight range
Traders on the floor of the New York Stock Exchange, June 18, 2021. Source: NYSE As summer winds down, investor focus may shift to the prospect that another strong earnings season is on the horizon, but trading could remain sluggish in the post-holiday week ahead. Stocks were mixed in the past week, ahead of the
Now that altcoin season is upon us again, multiple tokens are witnessing illustrious price hikes every day. In a sideways market, a key skill for a trader is the ability to anticipate when an asset will break out — and when everything is green, knowing when the rallies are coming to an end becomes equally
As New York City begins a revival, the 1 Hotel in Brooklyn Bridge isn’t simply one of the hottest places for tourists to stay, it embodies everything about Brooklyn that locals love. LEED Gold Certified and designed by INC Architecture and Design, this hotel goes above and beyond even the highest standards of sustainability. With some of the
A crowd of supporters including elected officials, legal professionals and concerned neighbors gathered to attempt to stop an illegal eviction of a resident in Bushwick, Brooklyn during the State mandated moratorium due to the pandemic, August 8, 2020. Erik McGregor | LightRocket | Getty Images New York State lawmakers have voted to extend an eviction
sponsored Evan Luthra is a prolific angel investor having been in crypto since 2014 and early discoverer in Eaze.com (Fastest growing on-demand Tech company in 2016) and Wheelys Cafe (over 1000+ coffee shops in 40 countries), more recently investing in the seed round of Hashgraph.com (The billion dollar Crypto Currency), Admix.in (Biggest Gaming AD Publisher),
There are plenty of things in life that are complicated, but retirement planning shouldn’t be one of them. Don’t get me wrong, I’m not saying that the calculations, data analysis, and other back-office activities are simple. My point is that the process isn’t as complicated as many advisors make it. Some financial professionals struggle to
Chicago’s finance team dug in this week on it plan to scrap $950 million of scoop-and-toss borrowing amid pushback from council members who want the city to put more federal COVID-19 pandemic relief toward social investments. Several council members pressed Mayor Lori Lightfoot’s finance team to consider some limited form of debt restructuring to free
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) - Services PMI’s have been mixed so far. Most of the major nations are in expansionary territory but the likes of Australia
If you believe the jobs numbers, they’re ugly. Surely the Fed’s Apologists, Enablers, Shills, Sympathizers, and Worse are all giddy that “the Fed can’t taper” because of this report… (by Half Dollar) The latest Employment Situation Report, commonly called the Jobs Report, has just been released for August, 2021. On Wednesday, the ADP Employment Report
The European Commission has ended an acrimonious court dispute with AstraZeneca over delayed Covid-19 vaccines, dropping an attempt to levy billions of euros in penalties on the UK drugmaker. Under the settlement, AstraZeneca will have until the end of the first quarter of 2022 to finish its deliveries to the EU, after missing a deadline
Private equity firm Antin is planning to list in Paris, raising €350m, as it seeks to capitalise on a public spending boom on infrastructure in wealthier nations. The Paris-based company said on Friday it was considering selling €350m of new shares, as well as a limited sale of existing shares held by its co-founders. Formed
Exterior view of the New York Stock Exchange and Wall Street on June 2, 2021. Kena Betancur | VIEW press | Corbis News | Getty Images The IPO pipeline this fall is filling up quickly. The IPO market has already had its busiest year since the internet bubble in 2000, and the fall will likely
Lule Demmissie, formerly president of Ally Invest and, before that, a managing director at TD Ameritrade, is the new U.S. CEO of fintech platform eToro. eToro is a multi-asset investment platform founded in 2007 with more than 23 million registered users who share their investment strategies and can buy, hold and sell assets, and monitor
Guidewire Software, Inc. (GWRE) shares jumped almost 7% in Thursday’s extended trading session after the software company that caters to the property and casualty insurance industry worldwide delivered robust fiscal fourth-quarter results driven by strong momentum across Guidewire Cloud. Markedly, Guidewire also issued its Fiscal 2022 revenue guidance above analysts’ expectations. The company reported adjusted