Median home listing prices hit a historic high of $370,000 according to Realtor.com. Recently releasing its latest Monthly Housing Trends report, realtor.com saw year-over-year median listing prices rise 15%. While that’s good news for sellers buyers continue to compete in markets where multiple offers often come in six figures above asking price especially in those
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Earle Loxton, the cofounder of EC10 (formerly DCX Capital) the institution behind the South African crypto index fund, says plans are afoot to launch the country’s first exchange-traded fund (ETF). The ETF is expected to offer South African institutional investors an indirect way of getting exposure to bitcoin. According to Loxton, an application for this
A worker carries lumber as he builds a new home in Petaluma, California. Getty Images One year after home construction ground to a screeching halt due to the Covid pandemic, builders are more than bullish yet again. Builder sentiment increased 1 point in April to 83, according to the National Association of Home Builders/Wells Fargo
By Diptendu Lahiri (Reuters) – Gold prices held steady near their highest since late-February on Friday, en route to their second straight weekly gain, boosted by a drop in U.S. Treasury yields and a weaker dollar. Spot gold was flat at $1,762.70 per ounce by 0740 GMT, after hitting its highest since Feb. 26 at
Puerto Rico’s path to statehood remains muddled because of differences among key members of Congress on how to resolve the territory’s political status. That was highlighted at a Wednesday afternoon hearing by the House Natural Resources Committee that didn’t resolve the conflict between two competing bills that lay out different paths to follow. Chairman Raul
All going up at fast paces far faster than the Consumer Price Index (CPI) is claiming… by Jason Burack of Wall St For Main St Over the last few weeks alone there has been LOTS of stories of rapidly rising shipping rates, food and other commodities prices rising and other input costs needed for manufacturing
Third-party marketing is a consulting service provided to hedge fund managers who need the expertise of seasoned marketing professionals. Third-party marketing firms, also known as third-party distributors, employ experienced investment marketing and sales experts. These individuals raise assets for hedge funds through their relationships within distribution channels, including institutional investors, broker-dealers, investment platforms, financial advisors,
In this article HWIN Your Hometown Deli in Paulsboro, N.J. Google Earth Hedge fund manager David Einhorn warned of dangers for retail investors that he sees in the market, and one of his main examples was a tiny New Jersey deli with a market capitalization of more than $100 million. The Paulsboro, New Jersey-based Your
The chief executive of Pfizer says people will probably need a third dose of a Covid-19 vaccine within 12 months of being fully inoculated and may have to receive annual booster jabs. “There will be likely a need for a third dose somewhere between six and 12 months and then from there, there will be
Aung San Suu Kyi’s deposed government is marshalling evidence that it hopes will see Myanmar’s military junta prosecuted for crimes against humanity. As General Min Aung Hlaing’s regime escalates its alleged killings and arrests of opponents, the Committee Representing Pyidaungsu Hluttaw, formed by MPs from the ousted leader’s National League for Democracy, has retained a
In this article PEP A trader works on the floor of the New York Stock Exchange. NYSE Everyone knew earnings were going to be good, but this is really good. “There’s evidence every day that growth is clearly improving around the world, today from the US to Australia,” Ed Hyman, chairman and head of the
J.P. Morgan Advisors has a new leader. Phil Sieg has been named CEO just one year after he was hired to head J.P. Morgan Advisors’ practice management team, according to an internal memo from Kristin Lemkau, CEO of J.P. Morgan Wealth Management. Sieg will oversee a unit of about 450 advisors in 21 offices who
Kimco Realty, a real estate investment trust (REIT) has acquired Weingarten Realty Investors in a cash and stock deal valued at $3.87 billion. Weingarten Realty is a REIT that primarily invests in shopping centers in the Southern US. The combined company is expected to have a pro forma total enterprise value of around $20.5 billion
The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New New York, January 16, 2019. Carlo Allegri | Reuters The benchmark 10-year Treasury yield slid to a one-month low Thursday in a counterintuitive move that should be a positive for the stock market. Treasury yields, which move opposite price, had
by confoundedinterest17 The US economy is now forecast to grow at a rate of 8.33% following the massive Covid lockdown. And the US Treasury 10Y-3M curve fell along with GDP forecast growth. Over a longer period, you can see that the 3M Treasury yield virtually evaporated after The Fed went to near zero short-term rates following
Stablecoins have become a significant foundational piece for the cryptocurrency sector because they serve as a deeply liquid base pair for most assets and also offer investors a secure place to capture gains. Data also shows that stablecoins play a significant role in functioning as a gateway for capital inflow to the crypto ecosystem. While
nd3000 | iStock | Getty Images Retirees who are considering a move that involves buying a home may want to consider how they’d finance the purchase. It can be tricky for seniors to get a mortgage in retirement, said Al Bingham, a mortgage loan officer with Momentum Loans in Sandy, Utah. Not only are lenders
Today Kimco Realty KIM , one of the largest shopping center REITs in the US, announced it was merging with Weingarten Realty WRI for $5.9 billion in a mix of stock (90%) and cash (10%). Each WRI share will be converted into 1.408 newly issued KIM stock plus $2.89 in cash per share and upon
The CEO of Blackrock, the world’s largest asset manager, says that he is fascinated by cryptocurrency, believing that it could become a “great asset class.” However, he said that Blackrock has not received many inquiries from its institutional clients about having bitcoin in their portfolios. Blackrock’s CEO ‘Fascinated’ About Crypto Following Coinbase’s IPO via a
The municipal market rallied Thursday with robust secondary activity, primary deals repricing lower, following better-than-expected economic data, a much stronger U.S. Treasury market, and high-yield municipal bond mutual funds reporting a record $1.28 billion of inflows. Municipals were stronger as the reality of an improved credit outlook, and strong demand buoyed by fund flows and
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) – Karora Resources (TSX: KRR) announced Thursday consolidated gold production of 24,694 ounces for the first quarter of 2021 from its
Silver must rally now for confirmation that something more ominous is not in the cards… by Michael Ballanger via Streetwise Reports When I was a very young boy, schoolchildren were not driven to school or to the bus stop; they walked from their houses, usually in groups, with older boys instructed to look after both
As a business owner, you probably realize that operating and owning a business can be fraught with pitfalls and risks. Turning a profit isn’t enough; you must also protect your business from claims and lawsuits. Debts and mortgage obligations to third parties and vendors, claims for damages caused by your employees, product or professional liability, and
Jane Fraser speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup on Thursday posted results that beat analysts’ estimates for first-quarter profit with strong investment banking revenue and a bigger-than-expected release of loan-loss reserves. The firm also said it
Easing coronavirus lockdowns tied to the rapid rollout of Covid-19 vaccinations in the US has helped spark a sharp increase in American consumer spending and the lowest new jobless claims since the start of the pandemic. US retail sales in March rose by the most in 10 months while the number of Americans filing for
The Norwegian government has resisted advice from its public health authority to drop the Oxford/AstraZeneca vaccine and appointed an expert committee to further examine risks associated with that shot and the Johnson & Johnson vaccine, after a number of blood clot related deaths. Norway’s health minister Bent Hoie said he was worried that permanently suspending
Trading software AdvisorPeak has introduced new functionality that will let independent financial advisors buy, trade and manage cryptocurrencies on behalf of clients alongside traditional portfolio holdings. Prime Trust, an API-based custody and clearing firm that specializes in digital assets, will provide custody services as well as payment processing, tax reporting, asset liquidity, transaction settlements and
Shaw Communications posted better-than-expected revenue and profit in the second quarter driven by the addition of new wireless customers. Shaw Communications (SJR.B) reported a 34.4% year-over-year increase in EPS of C$0.43 per share,topping consensus estimates of C$0.34 . In addition, total revenues increased 1.8% to C$1.39 billion, beating analysts’ estimates of C$1.38 billion. On March 15, 2021, Shaw announced
Chesnot | Getty Images Check out the companies making headlines in midday trading. UnitedHealth – Shares of health care giant jumped more than 3% after results topped the Street’s forecasts. Its adjusted earnings came in at $5.31 per share, exceeding the $4.39 per share expected by analysts, according to FactSet. UnitedHealth also raised its earnings
by Martin Armstrong As expected, the Democrats will introduce a bill to change the Supreme Court turning into the first WOKE institution to permanently change the face of the United States once and for all. Biden pretended to create a commission to study changing the Supreme Court and within a matter of days, they proposed