Welcome back. Inflation came in hot again, and the bond market did some things. Some thoughts on those things below. For those of you who are tired of repeated attempts to project a complete account of the world economy on to the poor little US yield curve, I’ve added some more thoughts on competition, as
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(Bloomberg Opinion) — The financial markets operate within a series of market regimes during which certain sets of economic conditions exist for a period of time. My first encounter with the concept was in 2000, when I read quantitative analyst Emanuel Derman’s paper, “Regimes of Volatility.” Derman explained that we have periods with persistently low
U.K.-based oil and gas firm BP Plc (BP) has signed an agreement to take complete ownership of its joint venture (JV) with Kentucky-based gasoline and convenience store operator Thorntons. BP will acquire the majority stake it does not own in energy-focused investment firm ArcLight Capital Partners. The acquisition is likely to boost BP’s presence in
Sharing is Caring! by Michael Snyder How does it feel to live in a country with double-digit inflation? On Tuesday, the Bureau of Labor Statistics told us that the consumer price index has risen 5.4 percent over the past 12 months, and such a high number shocked a lot of people. But in order to
HOLLYWOOD – AUGUST 31: Musician Carlos Santana performs onstage at the 2005 World Music Awards at … [+] the Kodak Theatre on August 31, 2005 in Hollywood, California. (Photo by Kevin Winter/Getty Images) Getty Images Carlos Santana may live in Las Vegas most of the year, but he loves spending time in Hawaii. The Grammy
A group of Binance customers are seeking to get their funds back after the platform froze in May. These users had leveraged positions and were unable to reduce them or close them. On May 19, Binance’s app crashed for more than one hour, leaving customers unable to manage their funds. These users are now pursuing
In this article RGP-GB Stephen M. Ross attends The Wall Street Journal’s Future Of Everything Festival at Spring Studios on May 20, 2019 in New York City. Nicholas Hunt | Getty Images A super PAC funded largely by billionaire Stephen Ross racked up a winning record in New York’s city council primaries, a sharp reminder
In 1974, the Oldsmobile Ninety-Eight was a popular car – and the Employee Retirement Income Security Act (ERISA) was enacted to govern the US pension system. A lot has changed since 1974. Oldsmobile no longer exists, for one thing. The “typical” American family comes in many more shapes and sizes. And American workers are unlikely
Municipals were little changed Tuesday, ignoring another rise in U.S. Treasuries and a weaker stock market, with the focus on the primary which saw deals bumped in repricings. Another day of UST weakness after less-than-stellar auctions and municipals stayed in their own lane. Some participants said without the UST rise in yields, municipal benchmarks likely
(Kitco News) London’s Metropolitan Police just seized a record $249 million (£180 million) worth of crypto in its latest operation, which is part of a bigger investigation into international money laundering. This is one of the largest crypto confiscations globally and also beats the UK’s previous record of $158 million (£114million) set on June 24,
Gold and silver stock enthusiasts are in a very good spot here. There are… by Stewart Thomson of Graceland Updates July 13, 2021 1. The US stock market is at incredible heights and a reduction in central bank money printing could theoretically create… an all-markets waterfall. 2. Many gold stock investors worry that mining stocks (already with the
Within the past few hours, a fresh wave of selling pushed Bitcoin (BTC) price close to the $32,000 support level as the low trading volume and general disinterest from traders saw the price revisit the lower section of its current range. BTC/USDT 4-hour chart. Source: TradingView The price of Ether (ETH) also fell under pressure
As Apple Inc. (AAPL) trades at all-time highs, investors are likely asking themselves what’s in store for third quarter earnings. The company reports FY 2021 third quarter results after the close on Tuesday, July 27. And this mega-cap giant has not been slouching in terms of performance. Shares are up nearly 11% year to date,
US president Joe Biden issued one of his strongest condemnations yet of the election fraud claims championed by his predecessor Donald Trump, in a speech decrying Republican efforts to tighten voting rules across the country. “For those who challenge the results or question the integrity of the election, no other election has ever been held
David Solomon, chief executive officer of Goldman Sachs & Co., speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs CEO David Solomon said that China’s recent moves boosting oversight of its technology
The architect of an overhaul of the UK accounting regulator has strongly criticised the government, accusing it of failing to support the industry watchdog responsible for promoting good corporate governance. Sir John Kingman, who recommended in 2018 that the Financial Reporting Council be replaced by a beefed up watchdog covering accounting and corporate governance, said
Vanguard agreed to buy a company that helps financial advisors build custom portfolios, branching further beyond its roots in traditional index-based investing — and marking its first-ever acquisition. The firm, called Just Invest, oversees $1 billion in assets managed with a direct indexing strategy, Vanguard said in a statement. Direct indexing involves replicating the performance
Big Tech is currently under an onslaught from the lawmakers. Over the past few weeks, the scrutiny has been intense in what appears to be a rare bipartisan effort to curtail the tech behemoths’ influence. Last week, the spotlight turned on Alphabet (GOOGL) with the Google Play Store the main target. Spearheaded by the Attorney
In this article EA JPM GS CAG PEP BA Boeing employees walk by a new Boeing 737-900 at Boeing Field in Seattle Thursday, July 15, 2004. Barry Sweet | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Boeing — Shares of Boeing fell more than 3%. The plane maker cut production
Sharing is Caring! By Chris Black Motto: I want to remind you that the coronavirus is a hoax, and there is no new virus. It is just a rebranding of the flu. We’re over one year into “two weeks to slow the spread”, and the majority of people still believe the Big Pharma owned legacy
SrdjanPav | E+ | Getty Images The national ban on evictions is scheduled to be lifted at the end of the month, yet just a sliver of the $45 billion in assistance allocated by Congress has gone out to renters behind on housing payments. The first round of rental aid was authorized by Congress in
The nation is relishing a joyous rebound from Covid, and growing interest in rubbing shoulders at social gatherings is one telling manifestation. A degree of physical closeness verboten just 12 months ago is now eagerly embraced, often literally. Just in time for this new era of in-person conviviality, the club room has enjoyed a celebrated
Grayscale Investments has engaged the oldest bank in the U.S., BNY Mellon, to provide asset servicing for its bitcoin trust. The bank will also provide ETF services for the bitcoin trust upon its conversion to an exchange-traded fund (ETF). Grayscale Teams up With BNY Mellon Grayscale Investments announced Tuesday that it has selected the Bank
Illinois’ rating upswing is rippling down to two Chicago-area borrowers hard hit by the pandemic as they prep debt restructurings to smooth out fiscal damage from the pandemic. The Metropolitan Pier and Exposition Authority, which manages Chicago’s convention center campus, expects to price an $832 million forward delivery refunding Thursday to current refund 2002 and
Most people follow the straightforward path of real estate: We buy, we own our home, we live there for a number of years, the house appreciates in value, and we sell it. Do we pay taxes on that appreciation? For most Americans, the answer is no. This is due to Internal Revenue Code, section 121,
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) – Silver has been consolidating in recent sessions and there has a triangle type formation converging at the moment. The break
With the price of steak up about 7% from just last month, it might be a good time to learn how to grill the perfect cube steak… (by Half Dollar) Or mushroom burger. Like, as in, just a huge round mushroom cap as the burger. Well, on second thought, maybe not. Mushrooms are delicate and
S&P Dow Jones Indices, the leading index provider of some of the world’s largest equity benchmarks, has launched a new cryptocurrency index that tracks the performance of the broader digital asset market. The S&P Cryptocurrency Broad Digital Market Index, labelled BDM, tracks more than 240 digital assets at launch and represents an expansion of the
Updated: July 13, 2021 As of today, July 13, 2021, the benchmark 30-Year Fixed refinance rate is 3.28%, FHA 30-Year Fixed is 3.19%, Jumbo 30-Year Fixed is 3.46%; 15-Year Fixed is 2.57%, and 5/1 ARM is 2.92%. These rates are not the teaser rates you may see advertised online and based on our methodology should
A visual representation of digital currencies. Yuriko Nakao | Getty Images Virtual payments can be costly and slow – which makes them ripe for disruption by digital currencies, particularly stablecoin. What makes virtual payments inefficient is that they occur in a multitude of smaller closed networks: banks facilitate transfers linked to accounts, credit card networks