Richard “Dick” L. Weill, 78, a pioneer in the financial guaranty insurance industry and former vice chairman of MBIA Insurance Corporation, died on July 4. With over 40 years of experience in the municipal bond industry, Weill was a former partner and municipal bond attorney at Kutak Rock before joining MBIA in 1989 as general
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[embedded content] Inflation in the U.S. will climb to between 6% and 9% by year-end, said Steve Hanke, professor of Applied Economics. Speaking to David Lin, anchor for Kitco News, Hanke, who has served on Ronald Reagan’s Council of Economic Advisors, said that the rapid growth of the money supply last year has “worked like
We have clear technical levels to monitor that will signal the next direction for Gold and Silver… by David Brady via Sprott Money Today’s article will be brief. We’re still in no man’s land in Gold and Silver. However, we do have some significant levels to watch for to signal which direction they choose to
While Bitcoin (BTC) may be considered as a store of value for many, some consumers across the globe may be thinking otherwise. Recent data has revealed that 46 million people in the United States plan to use cryptocurrency to pay for things such as groceries or real estate. Payments giant Visa further revealed in July
For many investors, the futures markets, with all of the different terms and trading strategies, can be both confusing and daunting. There are opportunities to limit losses on your portfolio or enjoy significant profits by using the futures markets, but it is important that you understand how these derivative products work and how you can
The remains of China’s Anbang have been valued at more than $5.2bn in the latest attempt by state controllers to dissolve the once high-flying group led by jailed tycoon Wu Xiaohui. Anbang, together with a cohort of conglomerates including HNA and Dalian Wanda, embodied China’s “going out” policy which led to aggressive overseas investment and
Meditation and mindfulness apps have become hot perks. Companies are increasingly offering mental health services to employees to help alleviate pandemic strains. Even before lockdowns, the investment case was gaining growing recognition. Studies suggest every £1 spent yields an average return of £5, according to Deloitte. A growing number of virtual mental-health service providers have emerged to
Charles Schwab reported mixed results for the second quarter as net income was up significantly from the year-over-year figures but down slightly from the first quarter. The Westlake, Texas-headquartered financial services company reported $1.3 billion in net income for the second quarter on revenue of $4.5 billion, helped along by the country’s returning normalcy, the
Bitcoin continues to trade in a tightening range despite rising regulatory crackdowns on the world’s largest crypto exchange as experts predict a bearish market while whale transactions continue to accelerate. The Fundamental Look With Bitcoin stuck in the $30k – $40k range for eight straight weeks, traders are scouring historical data to forecast how the
Sharing is Caring! from Kerry Lutz’s Financial Survival Network [embedded content] Naresh Vissa says that government spending has been out of control for over a decade. Naresh is extremely optimistic that when it comes to jobs, GDP and increased economic opportunity. He’s sees the recovery being led by jobs and a rise in wages, for the first
MIAMI – The tragic collapse of a residential tower spooked South Florida homebuyers and real estate investors alike into reassessing the risk of buying in the Miami-area condo market. The market had been booming before Covid. Then it soared even higher as the work-from-anywhere culture took hold. But then in late June, scores of people
Matt Weirich is CEO and Co-founder of Realync, the leading video leasing and engagement platform for the entire resident lifecycle. Proptech (or property technology) is not a new category in the real estate industry. In fact, it’s been around since the 1980s. But, many people have only heard of the term proptech within the last five
Bank of England Deputy Governor Jon Cunliffe believes that cryptocurrencies are not big enough to pose financial stability risk. “They’re not of the size that they would cause financial stability risk, and they’re not connected deeply into the standing financial system,” said the deputy governor. Crypto Poses No Financial Stability Risk, Says Deputy Governor of
Connecticut Treasurer Shawn Wooden grew up in Hartford’s impoverished North End. “I know how the cycle of poverty helped push people back,” he said. That helped shape his push for his “passion project” for the past legislative session — CT Baby Bonds. The program, which Wooden calls first in the nation, took effect July 1
Buy coffee, not crypto — why investors are choosing commodities in 2021 Move over, Bitcoin. There’s a new and exciting trade in town: commodities. Droughts in Brazil are sparking double-digit gains in coffee futures, threatening the price of everyone’s daily caffeine fix. And it’s not just coffee, as vaccine-driven global growth has prices for many
The Fed’s official balance sheet is up another $104 billion in the last week and now up to over $8.2 trillion in total. by Jason Burack of Wall St For Main St The Fed’s official balance sheet is up another $104 billion in the last week and now up to over $8.2 trillion in total.
In the last 29 days, Bitcoin (BTC) has been ranging from $31,000 to $36,000 as the impact of the recent China ban and a $1.4 billion Grayscale GBTC share unlocking continue to pressure markets. China’s government implemented a series of measures to curb cryptocurrency mining and trading by ordering the immediate shut down of some
Operations management theory is the set practices companies use to increase efficiency in production. Operations management is concerned with controlling the production process and business operations in the most efficient manner possible. Key Takeaways Operations management theory encompasses the strategies companies employ to increase efficiency in operations and production. To operate efficiently, firms should use
Costs at the top US banks jumped more than $6.6bn, or 10 per cent, in the most recent quarter compared with the same period of last year as executives paid up for talent and technology to fortify their businesses against increasing competition from nearly every angle. The increase in spending at JPMorgan Chase, Goldman Sachs,
As the world’s greatest athletes began to pour through the airport and a Covid-menaced Tokyo entered its final countdown to the Olympic Games this Friday, an immense, disembodied human head rose above the city to open the Cultural Olympiad. The merits of the giant hot air balloon as a piece of art are for others
There’s no shortage of buzz about quantum computing these days, and rightfully so. Quantum computers have the potential to unlock new answers and solve new problems by performing functions not only faster than standard computers, but also in entirely new ways. Depending on who you ask, the industry is anywhere from years to decades away
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,
In many ways, ski-resort communities are beholden to the natural world that surrounds them. The allure of the mountain lifestyle stems from a meaningful connection with nature. Through recreational activities like skiing, hiking and mountain biking, residents of ski-resort villages can come in direct contact with the natural world and experience all of the joy
In this article SCHW MoMo Productions | Taxi | Getty Images When it comes to building wealth, many Black Americans are facing an uphill battle. The median annual wage for Black workers is about 30% lower than that of white workers, according to a McKinsey & Company report. The report also found that 3.5 million
Cryptocurrency exchange Binance has announced it will no longer support the trading of stock tokens. The decision comes against the backdrop of an ongoing regulatory crackdown, with Hong Kong becoming the latest to declare that the platform is not licensed to provide such services in its jurisdiction. Stock Tokens No Longer Available for Purchase on
Aging brings many changes but one thing we all have in common at any age is the need for connection and a sense of purpose in our lives as adults. As people age, they sometimes feel a loss of purpose. We, as family members can do something about that. Some habitually unhappy folks are not
Florida has seen 14 straight months of job growth, gaining 69,300 private sector jobs in June, the state’s Department of Economic Opportunity said Friday. June’s increase was more than double the May gain of 34,600 jobs and the largest rise of the year. Since the height of the pandemic in April 2020, Florida has gained
[embedded content] (Kitco News) The inflation debate is back in the headlines, but gold is trading down nearly 1% on Friday. Analysts are keeping a close eye on the U.S. dollar and the bond market for clues as to where gold might head next. Here’s a look at Kitco’s top three stories of the week:
Keep watching interest rates and try to… Alasdair Macleod on Gold Palisades Radio Tom welcomes back Alasdair Macleod, Head of Research For GoldMoney. Alasdair discusses the Fed’s levels of reverse repos and quantitative easing of 120 billion a month. Since the banks can’t absorb all the extra liquidity-seeking returns, the Fed must step into the
Aave founder Stani Kulechov told his 90,000 Twitter followers on Saturday that his platform should build “Twitter on Ethereum” after Jack Dorsey said he was developing a new Bitcoin (BTC)-centric financial services platform with striking similarities to Aave. Since @jack is going to build Aave on Bitcoin, Aave should build Twitter on Ethereum — stani.eth