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The seven-month price consolidation has ended and gold’s price is now headed to near $2000 by early July. Once there, price will…  by Craig Hemke via Sprott Money News Much has been made about The Fed’s extensive use of the word “transitory” when describing the current inflationary environment. If you understood why they keep using that
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Mathematical or quantitative model-based trading continues to gain momentum, despite major failures like the financial crisis of 2008-2009, which was attributed to the flawed use of trading models. Complex trading instruments such as derivatives continue to gain popularity, as do the underlying mathematical models of valuation. While no model is perfect, being aware of their limitations can help in making informed
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Marilyn Booker, former chief diversity officer at Morgan Stanley, filed to dismiss her case last week, after previously accusing the wirehouse of systemic racial and gender discrimination. This filing in the Eastern District of New York likely means there was a settlement between plaintiff Booker and New York-based Morgan Stanley. But little of the settlement
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Actor Leonardo DiCaprio recently shelled out $7.1 million for the Los Angeles home of Modern Family star Jesse Tyler Ferguson. The elegant Spanish Colonial-style mansion, which previously belonged to singer Gwen Stefani, is for DiCaprio’s mother, Irmelin Indenbirken. A few years ago, he purchased a home for his dad, George DiCaprio, for $4.9 million. Leonardo DiCaprio has bought and sold about
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A recent study published by Gambler’s Pick notes that Gen Zers are less likely to invest in traditional investments like equities and more likely to invest in cryptocurrencies, meme investments, and non-fungible tokens (NFTs). Gen Z More Likely to Invest in Cryptocurrencies and Meme Investments Than Stocks and Common Assets The web portal gamblerspick.com published
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Illinois lawmakers signed off on the Metropolitan Pier and Exposition Authority’s subsidy request, providing a backstop for the agency to weather the pandemic’s lingering wounds. The agency also is finalizing its next debt restructuring to provide another tool to manage loss of tax and operational revenues after the pandemic shut down the convention business last
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[embedded content] AMC shares climbed nearly six fold since mid-May, but news Thursday that the company would sell 11.5 million shares triggered a 20% selloff pre-market. Gareth Soloway, chief market strategist said that more downside action is expected. Soloway discusses with David Lin, anchor for Kitco News, the moves he’s expecting for AMC, Dogecoin, Blackberry,
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It looks like the mint caught some flak from the people upstairs at… by Chris Powell of the Gold Anti-Trust Action Committee (GATA) Dear Friend of GATA and Gold: The U.S. Mint today issued to its customers what it called a “clarification” regarding its May 28 statement — https://gata.org/node/21191 — citing a “global silver shortage” as the cause
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Milken, Boesky, Pickens, Rigas, Ebbers: Their names were once household words, back in the 1980s, 1990s, and 2000s: Financial fraudsters who lived the high life until their crimes (or purported crimes) brought them down. In February 2020, two of them were back in the news. Let’s check in with this financial five, to see where
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The UK is on the cusp of signing a trade deal with Norway and other members of the European Economic Area, with a formal announcement expected as soon as Friday. Norway, whose biggest trading partner is the UK, thanks to sales of North Sea gas, has been particularly worried about protecting its small but politically
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On the morning of May 11, Paul Saganey met with a client in-person for the first time in more than a year. Saganey — CEO of Integrated Partners, a hybrid RIA headquartered in Waltham, Massachusetts — closed his firm’s office in the spring of 2020 as part of nationwide lockdown measures meant to contain the
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Walgreens Boots Alliance, Inc. (WBA) completed the sale of its Alliance Healthcare businesses to AmerisourceBergen (ABC) for $6.5 billion in a cash and stock deal. Walgreens is a global leader in retail pharmacies, providing medicines and accessible high-quality care. The total consideration comprises $6.275 billion in cash after adjustments and 2 million shares of AmerisourceBergen.
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Sharing is Caring! By Chris Black Here’s from Business Insider: On his first day in office, Biden signed an executive order calling on federal agencies to re-enforce protections for LGBTQ+ individuals and prohibit discrimination on the basis of sexual orientation or gender identity in education, employment, healthcare, housing, and other areas.  A few days later, Biden reversed a Trump-era
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After a year-plus of staying at home, it’s natural for people to want more space. This collection of properties, from Gothic European chateaus to a Portuguese palace, have precisely that.  Fairytale French chateau Location: Vitre, Brittany, France Price: $1.9 million  The gothic-style chateau was originally built 1860 and superbly restored in 2004 and 2016. Groupe
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