Starbucks coffee shop logo seen at one of their stores. Stephen Zenner | LightRocket | Getty Images Wall Street is gearing up for the busiest week of earnings season. Several stock market heavyweights are lining up to release their second-quarter prints, and analysts are taking note. The stocks mentioned in this article have just
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The writer is a principal research scientist at MIT and cofounder of the MIT Initiative on the Digital Economy While some of us under lockdown churned through streaming services and sourdough starters, others decided to use the time for a little self-improvement — taking up Dutch or Danish, Swahili or Esperanto. Duolingo, the free app
Welcome to the working week. Holiday season might be subdued this year because of coronavirus, but earnings season feels much the same as ever and this week we are in full swing with a particular focus on tech and banking companies. More of that below. July 2021 has shaped up as rocket month. But we’re
The earnings season saga continues, and it isn’t always pretty. The Boston Beer Company, Inc. (SAM) reported missed consensus expectations last Friday, to the dismay of investors. Missing on earnings is one thing, but cutting guidance is another. The company downgraded its future outlook, and shares tumbled more than 26% on the news. (See Boston Beer
Sharing is Caring! by Charles Hugh-Smith Corporate America sacrificed national interests in service of greed, and so did the U.S. government. As we all know, the source of Corporate America’s unprecedented explosion in profits in the 21st century is the offshoring of manufacturing to China. If you doubt this, please study the chart below of corporate
Eighty-one countries are now exploring central bank digital currencies (CBDCs), according to a new tracker. This number is 46 more countries than the number in May last year. In addition, five countries have fully launched their own digital currencies. 81 Central Banks Explore Launching Own Digital Currencies The Atlantic Council’s Geoeconomics Center unveiled a new
Consider it the rite of American passage. It’s the classic paper route, lemonade stand, babysitting and cutting the neighbors lawn. Any one of these “chores” can earn a child enough money for some fun things… and more. It’s this “and more” part where things begin to get tricky. Perhaps the most lucrative perk for kids
A busy Municipal Securities Rulemaking Board quarterly board meeting saw Patrick Brett selected as fiscal year 2022 chair, the adoption of a multi-year strategic plan, decisions on several regulatory initiatives and the adoption of a $43 million operating budget. Those and other developments emerged at the MSRB’s in-person meeting held July 21-22 in Washington. Brett,
However, if you look at the bigger picture, fundamentally, nothing has changed. Central banks around the world remain firmly committed to their massive quantitative easing programs, while allowing inflation to run hotter than usual, for some time yet. And let’s not forget the whole ‘Infrastructure spending boom and Green Energy Revolution’, which is currently taking
The risk “in the short-term” is that rising expectations of disinflation could weigh further on precious metals, unless of course the… by David Brady via Sprott Money Gold remains mired around 1800. Silver has fallen back to a 24, its lowest level since April, prior to the rebound today. GDX is in the 33s, a
Though he has had 11 business failures, today Ray Youssef is building Bitcoin-funded schools across Africa as executive director of the Built With Bitcoin Foundation and is helping millions of people buy and sell cryptocurrency as CEO of Paxful. However, Youssef also admits to looting hardware stores on behalf of a convent school after Hurricane
In financial and managerial accounting, inherent risk is defined as the possibility of incorrect or misleading information in accounting statements resulting from something other than the failure of controls. Incidents of inherent risk are most common where accountants have to use a larger than normal amount of judgment and approximation, or where complex financial instruments
The single largest bet on Chinese tech by SoftBank’s Vision Fund is now $4bn in the red as Beijing punishes ride-hailing group Didi Chuxing for alleged data security lapses on the back of its blockbuster New York listing. The Vision Fund’s 20.1 per cent stake in the taxi app, for which it paid $11.8bn in
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here. Specification: AQA Component 1, Section 3.1.1.3: The Prime Minister and Cabinet Edexcel Component 2, Section 3.3.2: The Prime Minister and the Cabinet Background: what you need to know This article presents an overview of the
The Internal Revenue Service notified taxpayers last year about provisions of the CARES Act allowing them to take penalty-free early distributions from their 401(k) and IRA plans to provide relief during the COVID-19 pandemic, and millions took advantage of it, according to a new report that warned of potential noncompliance with the requirements. The report,
Regulatory risk is something any pertinent investor should take into account when making decisions, especially when it comes to companies based in China. The world’s most populous country’s government frequently involves itself in the business happenings of several publicly traded companies. Most notable are the threats made against the ride-sharing company Didi Global Inc. (DIDI), causing share prices to dramatically
If you were walking down Bleeker Street some 60 years ago, it would not be unheard of to cross paths with some of the most celebrated artists of the post-war era—a young, serious Nina Simone strutting to a gig, a frantic Jack Kerouac sitting on the curb scribbling notes, or even a paint-splattered Jackson Pollack
The senior commodity strategist at Bloomberg Intelligence, Mike McGlone, has been long on bitcoin for a while now and he said last month that bitcoin has a “bullish ace up its sleeve.” This week the strategist’s analysis notes that bitcoin prices will likely revert toward the $60K handle in contrast to the $20K support range.
The Puerto Rico Oversight Board cast doubt Friday on a temporary deal between the truckers and the interim governor which is pausing the truckers’ strike. Around 9:30 p.m. Thursday Gov. Pedro Pierluisi announced the temporary deal in two tweets. The deal was with the striking truckers’ union, Frente Amplio de Camioneros. Pierluisi was off the
[embedded content] (Kitco News) Gold is fighting for its spot above the $1,800 an ounce level. But analysts are not ruling out a selloff towards $1,730 as risk appetite and a stronger U.S. dollar weigh on gold. Here’s a look at Kitco’s top three stories of the week: 3. Elon Musk on owning bitcoin, ethereum and
How did things get so perilous in the economy? David Stockman interviewed on USA Watchdog by Greg Hunter Reagan White House Budget Director and best-selling author David Stockman says, “This is not the time to be invested in the markets . . . . A reset is just a pleasant name or a clinical name for a crash
The ongoing story for the past couple of months in the cryptocurrency market has been confusion on whether Bitcoin (BTC) is destined for another leg down or is finally ready to break out toward new highs. Bitcoin’s price history and data from previous corrections suggest that the current struggles for the top cryptocurrency could persist
The percentage of large-cap stocks in a diversified investment portfolio depends on an investor’s investment goals, risk tolerance, and time horizon. Diversification Diversification of an investment portfolio consists of spreading investments out into different equities or into different asset classes, such as stocks and bonds. Diversification is enhanced by holding some investments that have a
Ninja Van, a logistics group that has used motorcycles, boats and even water buffaloes to deliver 1.7m parcels every day across south-east Asia, is considering an initial public offering as early as next year after being valued at $1bn. Backed by Facebook co-founder Eduardo Saverin’s B Capital, Ninja Van’s growth in revenue and orders has
As Wendy Sherman, US deputy secretary of state, prepared to fly to China this weekend, Beijing imposed sanctions on seven Americans, in a tit-for-tat blow that illustrated the dismal state of US-China relations. US officials said the move, a retaliation to Washington slapping sanctions on seven Chinese officials in Hong Kong, would not give Beijing
Intelliflo, a new technology company created by asset manager Invesco, has landed a significant new customer. Insurance giant State Farm announced plans to migrate its brokerage business onto Intelliflo’s platform in an effort to boost agents’ ability to offer investment management and financial planning. Agents will get a single program to recommend products across brokerage
Sharing is Caring! by confoundedinterest17 John Burns consulting has this interesting chart showing a slight slowdown in home price growth. But HPI growth is still growing strong. At 17% YoY in June. The Case-Shiller National home price index, growing at 14.6% Yo is lagged with reporting only as of April. But you can see the slowing M2
They say you shouldn’t judge a book by its cover, but there are exceptions to every rule. If you’re decorating with books or reading them for design and lifestyle inspiration, you’d be foolish not to. There is so much you can do with coffee table books, from adding color to creating texture and layering. You
While some Salvadorans situated near Playa El Zonte beach like the new bitcoin tender law implemented by Nayib Bukele’s regime, a number of other citizens dislike the law. This week, regional reports show citizens from El Salvador have taken to the streets to protest the bitcoin tender law. Salvadoran Protestors Say Bitcoin Is ‘Too Volatile’
By the time you read this, you might be thinking, “The summer is almost over.” That doesn’t change anything. Believe it or not, it’s not too late to take full advantage of this summer job opportunity. In fact, you probably have until next April to make your final decision. Unfortunately, most times teenagers only think