The NHS Covid-19 app sent more than half a million alerts last week recommending that people self-isolate after coming into contact with someone who tested positive for the virus, a tenfold jump in a month to a new all-time high. Initial jobless claims in the US last week fell to their lowest level of the
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Shares in China Evergrande jumped by the most this year after the debt-laden property developer offered a rare reprieve to investors by dangling the prospect of a surprise dividend payment. Evergrande is one of China’s biggest corporate borrowers on international markets and is helmed by tycoon Hui Ka Yan, once China’s richest man. The billionaire
Wealth management is a silver lining at Bank of America. The Wall Street behemothreported earnings of $9.2 billion in the second quarter, up from $3.5 billion a year earlier. The huge increase was due in part to the bank’s release of more than $2 billion it stashed away in anticipation of covering soured loans from
Shares of Progressive Corp. (PGR) fell 2.57% after the insurance company reported mixed second-quarter results. In Q2, earnings per share came in at $1.34 per share, better than the $1.08 per share expected by analysts. However, it was a 56% decline from earnings per share of $3.04 reported in the same period last year. Q2
Sharing is Caring! by Chris Black No ideologically Communist state has ever succeeded in implementing Communism. For some reason, the dictatorship phase never seems to “wither away,” as Marx claimed it would. This is how it plays out, every single time: >Commies convince workers that their current elites are evil and must be overthrown >Workers
The second quarter of 2021 was the busiest since at least 2004 for the Manhattan residential scene, continuing a shift to a seller’s market, according to a recent report from real estate data firm UrbanDigs. More than 4,380 deals were signed in the second quarter, up more than 24% from the previous quarter, and an
Gas prices are displayed at a Chevron station on June 14, 2021 in Los Angeles, California. Mario Tama | Getty Images Prices are rising for a wide array of goods and services as the U.S. confronts a level of inflation not seen in decades. Labor shortages, supply chain disruptions, and exploding demand as the pandemic
Switzerland’s State Secretariat for Economic Affairs (SECO) is reportedly helping Crypto Valley Venture Capital (CVVC), a blockchain business incubator, set up an office in South Africa. According to SECO, this move fits with Switzerland’s policy of supporting private firms that seek to help African blockchain start-ups. Funding for Successful Applicants According to a Swissinfo report,
Today’s column addresses questions about whether it’s possible to collect both a retirement benefit and a survivor’s benefit at the same time, whether benefits for disabled adult children depend on when the parent files and whether paying back SSA tax will increase benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the
U.S. Treasury Secretary Janet Yellen said the question of whether to nominate Federal Reserve Chair Jerome Powell for a second term is a conversation for her and President Joe Biden, declining to give her opinion in a televised interview. “That’s a discussion I’m going to have with the president,” Yellen said Thursday on CNBC. The
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) – In a ten-deep Twitter thread posted Wednesday, Dogecoin founder Jackson Palmer blasted the cryptocurrency market as “inherently right-wing, hyper-capitalistic” with
The U.S. dollar is strengthening. A strong dollar is not necessarily a bad thing, but it by Graham Summers of Gains, Pains, & Capital The #1 issue for the markets this week is the $USD. The U.S. dollar is strengthening. A strong dollar is not necessarily a bad thing, but it runs completely contrary to the Fed’s
Square CEO Jack Dorsey has stated that the firm is building a new division that will focus on building decentralized finance services that utilize Bitcoin. Dorsey made the announcement via Twitter earlier today, and revealed that Square’s new division will be building an “open developer platform with the sole goal of making it easy to
Sonos Inc. (NASDAQ: SONO) started with a simple but ambitious vision. According to their website, this was “to help music lovers play any song anywhere in their homes.” This essentially meant making a multi-room, wireless home audio system. It also meant building a product that was well-made and user-friendly—fast and easy setup, easy integration with existing technology, and
A Falcon 9 rocket booster lands after launching the company’s Transporter-2 rideshare mission on June 30, 2021. SpaceX Private investment in space companies hit $4.5 billion in the second quarter, a record for the sector, according to a report on Wednesday by New York-based firm Space Capital. “This was the largest quarter on record for
An Israeli cyber warfare group weaponised vulnerabilities in Microsoft and Google products, allowing governments to hack more than 100 journalists, activists and political dissidents globally, new research has found. The relatively unknown player, which markets itself as Candiru, is part of a lucrative Israeli offensive cyber industry that often recruits veterans of the army’s elite
How well did you keep up with the news this week? Take our quiz. The pace of China’s economic recovery rose modestly in the second quarter after signs of sluggishness in the world’s second-biggest economy had stoked expectations of greater policy support. On a quarter-on-quarter basis, China’s gross domestic product grew 1.3 per cent in
Despite substantial hits from lost business and waivers of fees on money market funds, one of the largest custodians is adding assets and clearing accounts more quickly than a year ago. BNY Mellon’s Pershing brought in $40 billion in net new assets in the second quarter, which is nearly four times the $11 billion it
In this article MRNA SQ AA AOUT VLO Jack Dorsey, chief executive officer of Square Inc., second right, tours the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Nov. 19, 2015. Yana Paskova | Bloomberg | Getty Images Check out the companies making headlines after the bell: Square —
Sharing is Caring! From Glenn Greenwald’s Substack: House Speaker Nancy Pelosi (D-CA) is the sixth-richest member of Congress, according to the most recent financial disclosure statements filed in 2019. As the California Democrat has risen through party ranks and obtained more and more political power, her personal wealth has risen right along with it. Pelosi “has
The origins of this manor in Brittany, France, date back a millennium to a time when the property held a defensive fort. Henry II of England was eyeing the region then, hoping to annex it as a possession. The medieval structures were added in stages and remained largely untouched until renovation work was undertaken over
A worker waits to load his truck with debris from the rubble of the Champlain Towers South building, as removal and recovery work continues at the site of the partially collapsed condo building, Wednesday, July 14, 2021, in Surfside, Fla. Lynne Sladky | AP The number of confirmed deaths in the collapse of a condominium
Another pro athlete in the National Football League (NFL) is planning to convert some of his earnings into bitcoin. The 24-year-old running back for the New York Giants, Saquon Barkley, discussed converting his endorsement revenue into bitcoin during a recent interview with the Morgan Creek Digital co-founder Anthony Pompliano. Inflation Concerns Push Saquon Barkley Toward
“Loneliness and social isolation in older adults are serious public health risks affecting a significant number of people in the United States and putting them at risk for dementia and other serious medical conditions.” ADVERTISEMENT That’s from the CDC, in their informational content titled, “Loneliness and Social Isolation Linked to Serious Health Conditions.” The material
Brian Egan will join the National Association of Bond Lawyers as its next director of governmental affairs Aug. 2. The announcement of the experienced policy advocate comes just weeks after NABL bid farewell to Jessica Giroux, who had represented the group’s interests in Washington for more than three years. Egan brings experience advocating on behalf
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) – Newmont Corporation (NEM:NYSE & NGT:TSX) announced that its board of directors has granted approval for advancing the Ahafo North Project
We had a strong gain of… by Harvey Organ of Harvey Organ Blog JULY14//GOLD UP $15.50 TO $1824.90//SILVER UP 7 CENTS TO $26.19//GOLD STANDING AT THE COMEX ADVANCES TO 4.2674 TONNES/SILVER FALLS SLIGHTLY TO 18.655 MILLION OZ//DR DAVID MARTIN//CORONAVIRUS UPDATES/VACCINE UPDATES//SOUTH AFRICA STILL IN TURMOIL//DEMOCRATS UNVEIL A $3.5 TRILLION INFRASTRUCTURE DEAL//SWAMP STORIES/// GOLD:$1824.90 UP $15.50 The
The global food and agriculture industry is a trillion-dollar sector that is growing exponentially. According to findings from the World Bank, agriculture alone accounted for 4% of global domestic product, or GDP, f the United States in 2018. The report further noted that agriculture could account for more than 25% of GDP in developing countries.
Every company manipulates its numbers to a certain extent to make sure budgets balance, executives score bonuses, and investors continue to offer up funding. Such creative accounting is nothing new. However, factors such as greed, desperation, immorality, and bad judgment can cause some executives to cross the line into outright corporate fraud. Enron, Adelphia, and
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021. Brendan McDermid | Reuters Junk bonds aren’t so junky anymore, with a strong fundamental backdrop helping to underpin what traditionally has been one of the riskiest sections of the financial markets. Yields in the $10.6