Sharing is Caring! by confoundedinterest17 Release the Kraken! The People’s Bank Of China announced it is cutting its Required Reserve Ratio by 0.5% for most banks, a move that will unleash about 1 trillion yuan ($154BN) of long-term liquidity into the economy and will be effective July 15. The announcement reduces the amount of cash most banks must hold in
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One of the largest homes ever built under the auspices of esteemed architect Paul Williams has come to market after having only three owners in its 80-year history. Williams, the first African American to become a member of the American Institute of Architects as well as the first African American to be elected to their
A Swedish man has been sentenced to 15 years in prison in the U.S. for an investment fraud scheme involving cryptocurrency, including bitcoin. He defrauded thousands of victims of more than $16 million. The U.S. Department of Justice (DOJ) announced Thursday that a “cryptocurrency fraudster” has been sentenced to 15 years in prison “for securities
A popular retirement planning product, particularly for higher tax bracket individuals, is cash value life insurance. In addition to providing liquidity in the event of an unexpected death, the cash values represent additional lifetime protection. The funds can be used as a volatility buffer during down markets, plus they can be a source for tax-free
Rating agencies are pushing municipal issuers to build cybersecurity into risk mitigation as an environmental, social, and governance factor. That includes enhanced disclosure. The most recent headline case involved a ransomware attack on software manager Kaseya, which remotely controls programs for companies. Estimates peg that at least 200 businesses were affected. Vehicles board a Steamship
For 2021, analysts’ estimates for silver prices vary widely. While Citi expects it to average $40 in 2021, J.P. Morgan doesn’t see silver prices gaining much ground and expects it to average $26.5, which is near its current price. The average of analysts’ forecasts comes in at $32 for 2021, according to Goldsilver.com. In the
You may want to prepare for a moderately big volatility event… by Chris Vermeulen of The Technical Traders Are the US stock markets poised for a reversion price event in the near future? My research team and I believe $4400 on the S&P 500 may be a key psychological level that many traders are unaware
On July 8, Max Keiser and Stacy Herbert hosted an Elon Musk-inspired show in Austin, Texas. Aptly named “F*ck Elon,” the party, which will include a large number of Bitcoin (BTC) maximalists, is sure to be a rowdy affair. Max Keiser is known for many things, but restraint is not necessarily one of them. Although
The Series 6 is a securities license entitling the holder to register as a company’s representative and sell certain types of mutual funds, variable annuities, and insurance. Holders of the Series 6 license are not authorized to sell corporate or municipal securities, direct participation programs, and options. With Series 6, an individual can purchase or sell
Three weeks of glorious sunshine have broken with a deluge. A morning of persistent rain has washed away any petrichor sweetness — the sodden countryside now smells vaguely cabbagey — and thunderous clouds glower overhead. Yet the landscape spread before Isabella Tree, as she leads the way through mud and puddles, is almost savannah-like in
President Xi Jinping is finally addressing what his administration has long seen as a nagging national security risk and a glaring weakness in China’s capital markets — their inability to attract the country’s best tech companies, which have instead streamed to New York to raise capital. That steady flow of business and prestige for US
Focus Financial Partners, a network of independent wealth management firms, announced last week that two affiliate firms, The Colony Group and XML Financial Group, are set to acquire an RIA and a wealth management practice, respectively, in the third quarter of 2021. Focus also announced that Sonora Investment Management, an RIA, will join as a
Noble Financial analyst Mark Reichman maintained a Buy rating on Allegiant Gold (AUXXF – Research Report) today and set a price target of $1.00. The company’s shares closed last Thursday at $0.35. According to TipRanks.com, Reichman is a 4-star analyst with an average return of 13.4% and a 45.2% success rate. Reichman covers the Basic
In this article BAC DIDI GOOGL A woman is reflected in a puddle as she passes a Bank of America branch in New York’s Times Square. Brendan McDermid | Reuters Take a look at some of the biggest movers in the premarket: Bank of America (BAC), JPMorgan (JPM) – Bank stocks were under pressure on
Sharing is Caring! by confoundedinterest17 The Federal Reserve released its monthly consumer credit report for May and its a doozy. Non-revolving credit increased the most in history! At the same time, Wells Fargo announced it is shutting down all personal lines of credit. The 10Y/3M and 10Y/2Y Treasury curve continue to tank.
Flush with cash from one of Thailand’s biggest IPOs, Asset World Corp. CEO Wallapa Traisorat is building new hotels and refurbishing tourist landmarks in hopes of a post-pandemic boom. With Covid-19 still keeping foreign tourists away from Thailand’s pristine beaches and bustling cities, leaving more than 80% of hotel rooms unoccupied, one would expect the
Israel’s parliament, the Knesset, has become the first national legislature to release a non-fungible token. The special NFT has been created for the country’s new president, Isaac Herzog, who took office this week after his election in early June. Knesset Becomes First Parliament to Issue NFT Isaac Herzog received the token right before his inauguration
The Great Resignation and the future of work is just one indicator of something larger happening in a post-pandemic society – we are undergoing a Great Reframing of life’s choices and behaviors redefining how we view work and everything else. Keith worked for the same real estate firm for many years. “I was their numbers
Municipal bond benchmark yields fell another two to six basis points Thursday, marking a three-day rally along with U.S. Treasuries as a risk-off trade took hold while inflows continue to flood funds. U.S. Treasuries continued their rally with the 10-year falling to 1.287% and the 30-year at 1.911% near the close. Municipal-to-UST ratios are in
(Bloomberg) — Gold headed for a third weekly advance as fears that coronavirus variants may endanger the economic recovery saw investors opt for havens. Bullion is winning back investors after a bleak June, helped by a sharp decline in Treasury yields which burnish the appeal of the non-interest bearing metal. Renewed virus fears around the
The global elitists are going to test what a massive cyberattack that takes down infrastructure and the power grid worldwide would… by Mac Slavo of SHTFplan Cyber Polygon is a unique cybersecurity event that combines the world’s largest technical training exercise for corporate teams and an online conference featuring senior officials from international organizations and
Tokenized Walking Dead Ethereum-based NFT metaverse “The Sandbox” has partnered with Skybound Entertainment to incorporate a Walking Dead game in the virtual world. The Walking Dead is famous thanks to the TV show, however the story and characters are based on original comics from Skybound Entertainment. The Sandbox is owned by NFT game and property
Willis Towers Watson PLC (NASDAQ: WLTW) became one of the largest multinational insurance advisory and brokerage firms at the start of 2016 with the merger of Willis Group Holdings PLC and Towers Watson & Company in a deal valued at $18 billion. As of July 8, 2021, the company had a market capitalization of about
Jeremy Allaire, Co-Founder and CEO, Circle David A. Grogan | CNBC Payments and digital currency firm Circle plans to go public later this year through a merger with special purpose acquisition company Concord Acquisition Corp. The deal, which Circle announced on Thursday, is expected to close in the fourth quarter and would value the company
Delayed monsoon rains are threatening India’s vast agricultural sector and endangering the recovery of an economy reeling from the coronavirus pandemic. Farmers in fertile northern and central states such as Punjab, Haryana and parts of Madhya Pradesh are waiting anxiously for rain after the monsoon’s ascent up the Indian subcontinent stalled. “The crops are like
The diamond industry has long had to deal with predictions of doom. In the early 2000s, prices started to fluctuate as De Beers Group gave up its monopoly. Then scandals over conflict diamonds tarnished the gem’s sparkle among young, ethically minded consumers. At the same time, lab-grown diamonds began making strides in fine jewellery. This
A financial advisor registered with LPL Financial has been arrested and accused of fatally striking a pedestrian and then fleeing the scene on foot, leaving his wife, also injured, and the victim behind. The advisor, Timothy Hamano, 64, of Piedmont, California, has been charged with two counts of a felony hit-and-run involving injury or death
In this article LEVI GM PSMT ACCD A sign in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell Thursday: Levi Strauss — Shares of Levi Strauss added 3.2% after the retailer crushed Wall
Sharing is Caring! by Michael Snyder There are more job openings in the United States than ever before, but the vast majority of the available “jobs” pay so little that most Americans don’t want them. If working extremely long hours for some employer is not even going to lift you out of poverty, then you
It may have taken four years, but Kelly Clarkson has finally sold her lakefront megamansion in Hendersonville, Tennessee for $6.3 million. The original listing price was $8.75 million in 2017 with the most recent reduction early this year to $7.49 million. The singer, songwriter and talk-show host still raked in a profit, as she bought the