The old adage about how your brand new car instantly plunges in value as soon as you drive off the lot? There is some truth to it. Cars tend to depreciate quickly, while other items hang onto their value longer. So which items will you be able to sell later for a decent price, and
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Local governments in China are racing to launch rescue funds worth billions of dollars to bail out state-owned groups after a flurry of high-profile bond defaults that shook international investors. Public records showed that six Chinese provinces have committed at least Rmb110bn ($17bn) to the funds since the end of last year, as a cash
Online brokerage pioneer Thomas Peterffy told CNBC on Wednesday he’s invested in cryptocurrencies, while still expressing skepticism over the long-term future of the digital asset class. “Even I myself have put a little bit of money into crypto, because even though chances are, I think, that this is not going to be a viable market,
Australia has warned that the United Nations Educational, Scientific and Cultural Organization (Unesco) risks denting its own credibility if it follows through with a proposal to put the Great Barrier Reef on its “in danger” list. Warren Entsch, Australia’s Great Barrier Reef envoy, said he hoped the UN World Heritage Committee would reverse a draft decision
Worries over rising prices on everything from cars to plane tickets to washing machines are overblown for now, a senior Bank of America Merrill Lynch economist said Wednesday. Michelle Meyer, the head of U.S. economics at Bank of America Global Research, told a webinar hosted by the Wall Street bank and its Merrill Lynch wirehouse
Shares of Doximity, Inc. (DOCS) have increased 7% since the start of 2021. Doximity currently has over 1.5 million members across a variety of health systems. The cloud based digital platform has helped healthcare providers be more efficient with their patients. The healthcare sector is projected to grow annually around %15 in the next few
In this article CSX KMI TXN LVS Signage is displayed outside the Venetian Resort in Las Vegas, Nevada, U.S., on Sunday, Oct. 18, 2020. Roger Kisby | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. Las Vegas Sands — Shares of the casino giant slipped 2% in extended trading after
Sharing is Caring! From Birch Gold Group Stepping on a Lego in bare feet hurts. Once you know the Lego is there, and it hurts when you step on it, you can’t ignore it. That Lego is right out in the open, after all. High inflation feels very similar. At first it’s a shock, then it hurts,
A rally to prevent Massachusetts evictions in front of Boston Housing Court on Oct. 15, 2020. MediaNews Group/Boston Herald via Getty Images | MediaNews Group | Getty Images Biden administration officials urged states and cities on Wednesday to move quickly to get federal assistance out to the millions of households that are behind on rent
Grammy-winning singer-songwriter Meghan Trainor and her husband, actor Daryl Sabara, have sold their home in the Toluca Lake neighborhood of Los Angeles for $$5.94 million, records show. Listed in May for $5.95 million by Justin Paul Huchel of Hilton & Hyland, the private and gated estate proved to be a hot item in a surging
On Wednesday, following the drop below the $30,000 region, bitcoin’s price has rebounded more than 8% since Tuesday’s low. Meanwhile, the sentiment metric recorded by the Crypto Fear and Greed Index (CFGI) is extremely low, pointing to “extreme fear” in the market. Despite being a scary term, the time is usually the best time to
Representative John Garamendi (D-CA) recently introduced a new bill that could change how the Social Security cost-of-living adjustments are calculated. The bill titled “Fair COLA for Seniors Act of 2021” would require the Consumer Price Index for the Elderly (CPI-E) to calculate what could be described as a fair Social Security cost-of-living adjustment for the
The top bond counsel firms combined for a total of $220.03 billion in 6,077 transactions in the first half of 2021, up from the $191.51 billion in 5,124 deals in the first half of 2020. Only one firm remained in the same spot they were at this point last year, the rest of the rankings
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) – Hochschild Mining (LSE: HOC) (OTCQX: HCHDF) announced today that in Q2 2021, the company delivered attributable production of 89,381 gold
Because we don’t really have all that much time… by Paul “Half Dollar” Eberhart The magical dollar is barely fooling anyone anymore. Why should you be interested in buying gold & silver? Here’s the short answer: The US dollar is about to be tossed into the dustbin of history! Here’s the ultra-short answer: Gold &
Argo Blockchain, a U.K. publicly traded company focused on crypto mining, has begun the process of applying for an initial public offering in the United States. According to a confidential draft registration statement filed Tuesday with the U.S. Securities and Exchange Commission, or SEC, Argo has proposed a dual-listing and initial public offering of American
The oil and gas industry in the United States has enjoyed record levels of production in recent years, thanks primarily to hydraulic fracturing, commonly known as fracking. In 2018, the U.S. became the top producer of oil and natural gas in the world, ahead of Russia and Saudi Arabia. This is due to hydraulically fractured
Shares in Bridgepoint Advisers soared 29 per cent on their debut, as investors raced to back the rare listing of a buyout group in London during a global boom for the private equity industry. Bridgepoint’s electric first day of trading comes after private equity firms struck more than $500bn of deals in the first half,
Joe Biden’s $1tn bipartisan infrastructure package was in legislative limbo on Wednesday with Republicans intent on blocking its progress in Congress, leaving Democrats scrambling to rework the deal. The likely defeat of the plan in a procedural vote later on Wednesday does not mean that its chances are doomed, since centrist lawmakers from both parties
Fresh off a private equity infusion and billion-dollar valuation, one of the largest hybrid RIAs is investing in financial advisor content with a new hire for its coaching arm. Carson Group — the firm whose minority stake was acquired last week by Bain Capital — appointed ex-FPA Publications Editor-in-Chief Ana Trujillo Limón to be the
Canadian National Railway (CNR) announced its second-quarter financial results on July 20 after market close. The profit of the largest rail network operator nearly doubled in the second quarter as CN Rail reported it was emerging from the COVID-19 freight volume crisis. Revenue came in at C$3.6 billion in the second quarter of 2021, an
In this article HAL RUN NOVA VZ NFLX CMG Customers wait outside of a Chipotle restaurant as they wait to enter in order to place an order as Florida continues with its Phase 1 of reopening the state during the Coronavirus (COVID-19) pandemic on May 19, 2020, in Aventura, FL. Icon Sportswire | Getty Images
Sharing is Caring! By Chris Black I don’t know if people pay attention to this sort of stuff anymore, but it’s important: BREAKING: The head of former President Trump’s inaugural committee is arrested on charges that he acted as an agent of the United Arab Emirates and lied to investigators. Thomas Barrack was among three
Daniel Acker | Bloomberg | Getty Images Mortgage rates have been on a roller coaster lately, albeit a low-riding one. A mixed picture of rates last week, though, was enough to put the brakes on a recent rise in refinance demand. The average rate for 30-year fixed loans with conforming balances and a 20% down
Glenn is president of Ally Home with more than 35 years of experience in consumer lending, mortgage and capital markets. The combination of a lack of housing inventory, increased building costs and low rates has created an environment of high home prices and fierce competition among buyers. Despite this being one of the most competitive markets I’ve
Three U.S. senators have urged the United States Olympic & Paralympic Committee to forbid American athletes from receiving or using digital yuan during the Beijing Olympics. Raising many concerns, including privacy, they warned, “Olympic athletes should be aware that the digital yuan may be used to surveil Chinese citizens and those visiting China on an
It’s very common for family members to become caregivers for other family members or help them financially when medical care or long-term care is needed. It’s also common for these families to leave money on the table by not taking all the tax breaks they could. The care could take many forms. An adult child
Moody’s Investors Service has withdrawn its ratings for Puerto Rico and its various authorities for its own business reasons, the agency said Tuesday. The withdrawal actions “are not related to the current ongoing restructuring processes under the Puerto Rico Oversight, Management, and Economic Stability Act,” the agency said in a release. Moody’s would not comment
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) - Gold and silver are trading flat this morning leading into the European open. Gold is still hanging on to the $1800/oz
The last big buying opportunity was in March at about $1671 for gold… by Stewart Thomson of Graceland Updates July 20, 2021 1. Monday’s stock market meltdown did not hurt gold, but the miners and silver took a hit. The big question: 2. Is this the start of a bear market in stocks or is it just a