The rate of Covid-19 vaccinations reported in the US rose for a fifth straight day, stemming a slide that had brought daily inoculations to levels last seen in January. The US budget deficit has exceeded $2tn in the first eight months of the fiscal year on the back of stimulus spending, however a change in
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The UK economy grew in April at its fastest pace since the coronavirus reopening last summer, with strong retail spending and the full return of schooling boosting performance and raising hopes of a rapid rebound to pre-pandemic levels of output. The volume of goods and services produced by the UK economy rose 2.3 per cent
Amazon.com Inc. founder Jeff Bezos has the resources to launch himself into space. Elon Musk does, too. In many ways, though, the richest people left the vast majority of the world behind long ago. The world’s wealthiest 500 individuals are now worth $8.4 trillion, up more than 40% in the year and a half since
Pharmaceutical and biotechnology company Moderna (MRNA) has filed an application with the U.S. Food and Drug Administration to authorize emergency use of its COVID-19 vaccine in adolescents. On June 8, Moderna submitted a conditional marketing approval (CMA) request to European Medicines Agency (EMA) seeking the same. Moderna CEO Stephane Bancel said, “We are pleased to
Sharing is Caring! Via International Man International Man: Canada has instituted some of the strictest and most aggressive Covid measures in the world. We’ve seen stay-at-home orders, SWAT raids on non-compliant businesses, forced detention in government facilities for those suspected of having the virus, and many other totalitarian measures. What’s your take on this? Doug
In this article CHWY VRTX PLAY A dog hi-fives it’s owner in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019. Michael Nagle | Getty Images Check out the companies making headlines after the bell: Chewy — Shares of Chewy
Every June, New Yorkers celebrate Pride. From the extraordinary bravery of the young people at Stonewall, through the terrible years of the AIDS crisis when everyone in New York lost friends or neighbors or family, to the creation of GMHC and ACT UP, New York has always been at the forefront of the movement towards
A court in Russia’s Perm region has decided to block a number of websites describing how to exchange cryptocurrency for fiat cash. Local prosecutors claim the dissemination of this type of information is against the law in Russia as it may facilitate the laundering of illicit funds. Kungur City Court Blocks Crypto-Related Sites The Kungur
Getty Images When it comes to whether retirees should pay off their mortgage in retirement, there typically is no clear-cut answer. That’s because like most things about planning for (and in) your post-working years, the decision depends on your specific situation. Obviously, a couple of benefits come with paying off a mortgage: Your monthly obligations
Today’s column addresses questions about potential survivor’s benefits available to spouses and children based on a worker’s record, how disability benefits are calculated and the availability of benefits based on an ex’s record. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which markets
The pandemic has highlighted the importance of basic functional infrastructure, budget management and affordable housing to the vitality of cities. That’s the takeaway from the 2021 State of the Cities report released Thursday by the National League of Cities. Nearly 600 cities, towns and villages were surveyed along with 57 mayoral speeches that provided additional
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) – Statistics South Africa (Stats SA) reported today that the domestic mining production increased by 116.5% year-on-year in April 2021. According
Mining is the most volatile market sector, so one needs to be careful… Doug Casey on Palisades Gold Radio Tom welcomes back a man who should need no introduction, Doug Casey. Doug is a libertarian philosopher, speculator, and author. To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.ca Doug discusses
The Bitcoin Mining Council made a formal debut on Thursday as the debate regarding the environmental impact of the digital asset intensifies. The Bitcoin Mining Council describes itself as a “voluntary and open forum of Bitcoin miners committed to the network and its core principles”. Its mandate is to promote transparency, endorse good practices, and
What’s the difference between a prenup and a postnup? Do you need one? And if so, which is the right fit for your marriage? You may feel as if you and your new spouse are destined for eternal bliss. But given that 37% of marriages end in divorce (based on Centers for Disease Control and
Financial services for cryptocurrency holders have been growing as a subset of the fintech industry for years. Now, crypto 401(k)s are entering the mix. A small 401(k) provider called ForUsAll is now allowing participants to allocate up to 5% of their retirement funds into cryptocurrency. The offering includes 50 different crypto assets including bitcoin, which
China’s parliament rushed through a new law on Thursday intended to counter sanctions imposed by foreign governments on Chinese officials and companies, escalating its continuing legal battles with the US and the EU. The law was passed in secret by the National People’s Congress standing committee after two readings rather than the usual three, and
Didi Chuxing, the Chinese ride-hailing company, unveiled filings for a public share offering in the US, setting out the financial damage the pandemic did to its business last year and the strength of the rebound so far this year — and setting the stage for one of the largest international listings of 2021. Didi operates
More than a year after the end of a controversial SEC self-reporting program, a midsize wealth manager that didn’t participate has settled the regulator’s case against it. Centaurus Financial agreed to pay $1.3 million in disgorgement, interest and a fine after the SEC alleged the Anaheim, California-based independent broker-dealer failed to adequately disclose conflicts of
It’s all systems go in the airline industry. The segment was one of those hit the hardest during the pandemic as air travel – both domestic and international – came to a standstill. With Covid-19 beating a hasty retreat, the clouds appear to be parting for airlines. For investors, of course, this signals opportunity. And
Alex Tovstanovsky, owner of used-car dealer Prestige Motor Works, checks on inventory with his general manager Ryan Caton in Naperville, Illinois, May 28, 2020. Nick Carey | Reuters Consumer prices jumped more than expected in May, but the surge in inflation looks to be temporary and should not push the Federal Reserve to tighten policy
Sharing is Caring! by Martin Armstrong We are starting to come full circle. Now airlines in Spain and Russia are warning people who have been vaccinated should not travel. Indeed, COVID-19 vaccinated people can be excluded from air travel! That was the headline of a Russian online news portal. There are a number of news articles coming
A view of the driveway leading to the residence at 777 Sarbonne Road in Bel-Air, California. Joe Bryant / Aaron Kirman Group Seven is a magical number for one of Bel-Air’s priciest spec homes. The glass and marble palace located at 777 Sarbonne Road in Los Angeles hit the market last month with an asking
Singer Gloria Gaynor, whose voice helped define the disco era with the ultimate breakup anthem, “I Will Survive,” is seeking a buyer for her New Jersey mansion, which is on the market for $1.249 million. Gaynor, who released a string of disco hits that have gone on to become classics, including “Never Can Say Goodbye,”
Nigeria’s House of Representatives has moved a motion calling on the country’s central bank to end the continuing devaluation of the naira. In his unanimously adopted motion, House Representative Bamidele Salam warned the Central Bank of Nigeria (CBN) of the negative “implications of further devaluing the naira.” Lawmakers Slam CBN U-Turn The House’s warning follows
Leading cryptocurrency exchange Coinbase has partnered with small-time 401(k) plan provider ForUsAll to offer employees crypto exposure through their retirement plans. Employees of participating companies will be allowed to use a “crypto window” — similar to the brokerage window offered in many conventional 401(k)s — to invest up to 5% of their retirement funds in
Municipal bonds were mostly steady Thursday after a report showing an unexpectedly high increase in consumer prices pushed U.S. Treasuries and stocks higher. Yields on 10- and 30-year munis were firm on the AAA scales while the 10-year benchmark Treasury yield fell to 1.46%, its lowest level since March 4. For the 14th week in
(Kitco News) Gold is re-starting its bull rally, with the precious metal currently trading at a “steep discount” to crude oil, according to Bloomberg Intelligence. The $2,000 gold price target is currently a resistance level, but it will be breached due to the U.S. employment situation, said Bloomberg Intelligence senior commodity strategist Mike McGlone. “Gold
Are the US Banks actively covering their GROSS COMEX gold short position in order to bring the position down to NET neutral by July 1? by Craig Hemke via Sprott Money News If you’re a gold investor, then you’ve likely read of the NSFR of Basel III, which are due to be implemented by the
Last week, I made the mistake of being just about the only DeFi denizen who actually went to the Bitcoin 2021 event in Miami. While I managed to catch up with a handful of builders and big brains in the convention center, my time would have been better spent tracking down degens at the various