Some of Bitcoin’s most prominent backers have sought to make the case for Bitcoin’s environmental efficiency, with a collaborative paper from researchers at financial services firm Square and investment manager Ark Invest asserting that Bitcoin mining can drive increased efficiency in renewable energy production. The paper, authored by “The Bitcoin Clean Energy Initiative,” or BCEI,
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An aerial view of the Rockybrook Estate in Delray Beach, Florida Douglas Elliman Ten days after closing the year’s most expensive mansion sale in Delray Beach, Florida for $19 million, luxury real estate broker Senada Adzem got an unexpected phone call. “The buyer called me to say they would be selling the home. Honestly, we
It’s common knowledge in real estate circles that Jay Leno and his wife of 40 years, Mavis, bought a Newport, R.I., mansion for $13.5 million in 2017. But the story of how the former “Tonight Show” host found Seafair, a 15,861-square-foot Louis XIV inspired chateau, is less known. Seafair was designed and built by British
The bitcoin vs. gold debate between gold financier Frank Giustra and the pro-bitcoin Microstrategy CEO Michael Saylor took place this week. In what viewers call an “epic” debate and a “historic” event, Saylor packed his arguments full of facts to convince Giustra to sell his gold and invest in bitcoin. Giustra, however, attacked how Saylor
By Richard Eisenberg, Next Avenue After living with the Covid-19 pandemic for a year, are Americans feeling less confident about their ability to live comfortably throughout retirement? The new Employee Benefit Research Institute (EBRI) 2021 Retirement Confidence Survey has the answer: No (by and large). In fact, the nonpartisan group’s survey found, retirees and workers overall are more
Chicago took the next big leap in its long push to open a casino with the launch Thursday of a request for proposals process that seeks parties interested in developing and operating a resort-like venue. The prospect of $200 million in new annual revenue from a casino was a cornerstone of Mayor Lori Lightfoot’s pre-COVID-19
SILJ: If Silver Heads Higher, Silver Miners Could Explode Silver often follows gold- the yellow metal has been trending higher Silver’s technical trend remains higher since moving above $21 per ounce Three reasons gold and silver should continue to make higher highs Silver mining stocks tend to outperform the metal during rallies SILJ is the
How can this be explained? The lockdown advocates don’t seem to have an explanation at all… by Ryan McMaken of Mises Institute Early last month, Texas governor Greg Abbott announced he would end the state’s mask mandate and allow most businesses to function at 100 percent capacity. The response from the corporate media and the Left
If there’s an investment objective you can think of, then you can almost guarantee that some investment management company has designed an exchange-traded fund (ETF) to fit that objective. There are ETFs that specialize in leveraged real estate or in junk bonds. Others are there to limit investors’ exposure to currency exchange rates. And with
In this article XOM Activist investor and newly appointed Exxon board member Jeff Ubben is building his stake in the company on the belief that the oil giant will be integral to the energy transition. “I am,” he said Thursday on CNBC’s “Squawk on the Street” when asked if he was planning to buy more
Joe Biden is preparing to announce a string of tax increases on wealthy Americans, including a nearly doubling of levies on capital gains for people earning more than $1m, to pay for a massive increase in funding for childcare and education. The economic package from the White House, which is worth more than $1tn, could
Wall Street stocks turned lower following reports that US president Joe Biden planned to raise capital gains tax for wealthy individuals. The S&P 500 index gave up morning increases and was down 0.9 per cent in the afternoon in New York following a Bloomberg report stating that people earning more than $1m would pay a
Why do so few people call themselves stockbrokers anymore? Once ubiquitous, the term has fallen out of fashion among those who manage clients’ money. Even brokerage employees who are registered representatives and would previously have been called stockbrokers are calling themselves financial advisors, wealth managers or wealth professionals. Others are playing up their credentials as
Traders on the floor of the New York Stock Exchange. Source: NYSE The reopening story is now getting very real, at least for Wall Street. The latest earnings reports are chock-full of companies reporting earnings above expectations, and most importantly, raising guidance. Take steel maker Nucor, which reported what CEO Leon Topalian called the “most
National Bank of Canada announced it has released its 2020 Environmental, Social, and Governance (ESG) report. Canada’s sixth-largest bank revealed some measures it is taking to tackle climate change. National Bank of Canada (NA) announced a target to achieve net-zero greenhouse gas (GHG) emissions from its operating and financing activities by 2050. The bank will set interim reduction targets on the path to
In an aerial view, workers with the San Francisco Department of Public Works repave a section of 24th Avenue on April 08, 2021 in San Francisco, California. Justin Sullivan | Getty Images Weekly unemployment claims fell to a new pandemic-era low for a second week, suggesting the labor market’s recovery is picking up steam and
By Chris Black Here he have an analysis of the adverse effects of Covid-19 vaccines carried out between January 1 and April 6, 2021 from the official site linked to the European Commission ADReports.eu. It shows: a very high proportion of serious effects linked to Covid-19 vaccines compared to the classic influenza vaccine (inactivated virus) over the year 2020 a very
It’s as reliable as the changing of the seasons: another year, another Earth Day, and another misguided missive about crypto’s outrageous energy consumption. Last week, the New York Times published a piece in their “Climate and Environment” that sought to remind readers of the “astonishing environmental costs” of cryptocurrency mining. It’s a prime example of
Mortgage rates have officially dipped below 3% again, hitting their lowest point since mid-February. According to mortgage purchaser Freddie Mac, the average rate on 30-year, fixed loans is now just 2.97% — down from 3.04% the week prior. On a $300,000 mortgage, that’s the difference of about $8 per month and over $4,000 in interest
Closed sales of existing homes fell 3.7% in March to a seasonally adjusted annualized rate of 6.01 million units, according to the National Association of Realtors. That is the slowest sales pace since August and the second straight month of declines. Still, sales were 12.3% higher than March 2020, when transactions were falling due to
The U.S. Securities and Exchange Commission (SEC) has asked the judge in the SEC v. Ripple case to block Ripple and its executives from accessing various internal records it claims are unrelated to determining whether XRP is a security. The SEC says that the “defendants do not actually seek relevant evidence, but rather seek to
The Washington Post reports that business lobbyists are quietly trying to kill President Biden’s efforts to increase federal spending on Medicaid home and community-based (HCBS) long-term care services. The reason: The White House wants to fund the $400 billion increase—part of the president’s $2.2 trillion infrastructure spending program— by raising corporate taxes. And make no
Senate Republicans’ $568 billion infrastructure proposal is a shadow of the Biden administration’s $2.3 trillion plan, and room for compromise lies primarily in how both sides define infrastructure. On Thursday, Republican lawmakers unveiled their plan for infrastructure, defining the term to cover roads and bridges, public transit systems, rail, water and wastewater, ports and inland
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) – Centamin announced Thursday that its Sukari gold mine in Egypt produced 104,047 oz in Q1 2021, in line with 2021
Things keep getting crazier with new financial innovation from Silicon Valley… by Jason Burack of Wall St For Main St Things keep getting crazier with new financial innovation from Silicon Valley with non fungible tokens (NFTs). FULL SHOW NOTES AND LINKS HERE Commit to tipping us monthly for our hard work creating high level, thought
The Significance of Changes in the Gold Price If you’ve ever been exposed to even one commercial on a financial TV network, you’ve been told that gold was, is, and forever will be, the greatest investment of all time, considering its retention of value, millennia-long history, scarcity, and other reasons. However, the companies selling gold
US President Joe Biden will announce the country’s steepest ever emissions cuts, as he hosts 40 world leaders on Thursday for a summit on climate change that will include China’s Xi Jinping and Russia’s Vladimir Putin. Biden will pledge to reduce US greenhouse gas emissions by 50-52 per cent by 2030 relative to 2005 levels,
PizzaExpress is to recruit 1,000 new staff as it emerges after months of lockdown and a major financial restructuring that led it to close almost 100 restaurants. Hospitality businesses across the UK are rushing to bring back furloughed employees and recruit new ones in anticipation of a bump in demand as lockdowns end, with many
Greg Clifford, founder and CEO of the Clifford Group in Newton, Massachusetts, says he “grew up” at Merrill Lynch, entering the firm’s trainee program after being an associate at the firm for a few years. Breaking away was grueling but also “freeing and exciting,” Greg Clifford says. The advisor flourished at the wirehouse, gaining nods
If you follow us on YouTube, you will have seen that we post regular videos. Usually they are about market news, stocks that are grabbing analysts’ attention, and how to get the most out of TipRanks. For the first time, we’re hosting a Q&A on YouTube and we invite you to join in! Leave your