Nine years after its founding, real estate brokerage Compass went public on Thursday, minting a huge windfall for the company’s investors and employees. As of early afternoon Eastern Time, cofounder and CEO Robert Reffkin was worth more than $500 million, Forbes estimates. Reffkin, 41, owns 2.3% of Compass’ normal Class A stock and 100% of
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Pope Francis is using his pulpit to call attention to climate migration. “When we look, what do we see? Many are being devoured in conditions that make it impossible to survive. Forced to abandon fields and shorelines, homes and villages, people flee in haste carrying just a few souvenirs and treasures, scraps of their culture
On Thursday, Bitcoin Cash proponents were introduced to a new website that features a project called Smart Bitcoin Cash or Smartbch for short. Essentially, the project is a sidechain for Bitcoin Cash that is compatible with Ethereum’s EVM and Web3 API, which means people will soon be able to leverage decentralized applications (dapps) without paying
By Andrea King Collier, Next Avenue My husband, Darnay, and I turned 64 at the end of 2020. He’s an elementary school teacher; I’m a freelance writer. It occurred to me that we should be doing some serious financial planning before we hit 65. We have a pretty good handle on our future pensions and
The United States Supreme Court on Thursday ruled unanimously for Georgia over Florida in a dispute about how the Apalachicola River Basin’s water should be divided up between them. Justice Amy Coney Barrett delivered the opinion. A view along Apalachicola River, which Florida claimed was being hurt by Georgia’s water use.Adobe Stock It was not
(Kitco News) After the worst start to the year in almost four decades and the worst quarterly performance in more than four years, gold is kicking off the second quarter on a much better note. But will it last? “Gold has got off to the worst start to any year in 39 years, plunging by
What is the base case for the Fed’s balance sheet growth over the next 6 to 12 months, along with other important global macro topics? Lyn Alden with Jason Burack on Wall St for Main St Jason Burack of Wall St for Main St interviewed returning guest, top young analyst and global macro all star,
Microsoft’s (MSFT) business dealings with the US military just became a whole lot more lucrative. On Wednesday, it was reported that the tech giant has won a contract to supply the US army with augmented reality headsets based on the company’s HoloLens product. The deal for 120,000 headsets is purportedly worth up to $21.9 billion
Executive Sous Chef Judith Cooper carves a turkey at Rosa Mexicano’s near Lincoln Center in New York City. Alexi Rosenfeld | Getty Images Americans are beginning to return to the workforce in big numbers, and that is likely to show up in the March employment report. Economists polled by Dow Jones expect to see 675,000
From Birch Gold Group Scams and frauds are often as creative as they are crooked, and the latest string of Social Security scams that has been sweeping the nation is yet another example of this. Like most scammers, the perpetrators are either looking to get cash before hanging up the phone, or are hoping to harvest
Though few investors know about it, since 2001 The Vanguard Group has utilized a clever scheme to reduce the capital gains reported annually on the U.S. Internal Revenue Service (IRS) Forms 1099-DIV sent to shareholders in some of its most popular mutual funds. The process is completely legal and is even protected by a U.S.
Austria, Slovenia, and the Czech Republic have been excluded from an EU move to provide millions of extra vaccines to hard-hit member countries, ending bitter negotiations over jab supply that have divided governments. A coalition of 24 EU countries on Thursday decided on a “solidarity” mechanism that will provide 2.85m additional doses of the BioNTech/Pfizer
In this article NPAUU IRDM AST’s corporate headquarters and high-volume manufacturing facility in Midland, Texas AST & Science Satellite-to-smartphone broadband company AST & Science expects to close its SPAC merger next week, the company said on Thursday. Its stock will trade on the Nasdaq. Last year, the company announced plans to merge with special purpose
The UK government has pledged £250m in additional funding to academic research over the coming year, in a move aimed at easing concern among universities over financial support for science. In an announcement on Thursday, the government also said for the first time that £400m previously earmarked for research would be used to “help to
Advisor Sheila Padden never had a complaint with Charles Schwab, her custodian of five years. That is, until last year. Padden doesn’t have her own client service team and relies on one of Schwab’s call centers. It has historically been responsive; the company “tends to run a pretty tight ship,” she says. Around November, that
What started as a joke to celebrate April Fools Day has become yet another sign of a frothy, overeager market as a bonding contract designed to sell baseball cap vouchers sold 468 hats in just a few hours, raising over $100,000 and bumping the price per hat to $3700. Solana-based decentralized finance, or DeFi, platform
What does one do with the summer residence of Portuguese nobility? The privately-owned Brejoeira Palace, just south of Monção, Portugal, offers many possibilities. Lacking a crown and subjects, one could be a land baron. The 74-acre rural estate includes 44 acres of vineyards, 20 acres of woods and 7.5 acres of gardens. There’s even a
A U.S. court in Miami has dismissed an amended complaint in the lawsuit that accused nine defendants including Kraken founder Jesse Powell, Bitcoin.com founder Roger Ver, Bitmain’s Jihan Wu, and a few open-source Bitcoin Cash developers of collusion. U.S. Magistrate Judge Chris McAliley dismissed the amended complaint under Federal Rule of Civil Procedure on March
As millennials begin to turn 40 in 2021, CNBC Make It is launching Middle-Aged Millennials, a series exploring how the oldest members of this generation have grown into adulthood amid the backdrop of the Great Recession and the Covid-19 pandemic, student loans, stagnant wages and rising costs of living. When it came to buying a home,
Today’s column addresses questions about potential effects of retroactive retirement benefits on later spousal benefits, potential survivor benefits for non-citizens living outside the US and how marriage can affect eligibility for disable adult child benefits based on a parent’s record. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president
California will have extensive resources to improve its high-speed internet connectivity if a coalition of statewide organizations gets its way. The cross-sector coalition penned a letter to California lawmakers asking that they include $8 billion in one-time funding in the fiscal 2021-22 budget to improve the state’s high-speed broadband infrastructure. The COVID-19 pandemic has underscored
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) - So far so good on the manufacturing purchasing managers index (PMI) results across the world. Overnight the main one to look
It’s not much of a knee smacker, but hey, the joke’s on you America! (by Half Dollar) Biden’s “American Jobs Plan” Fact Sheet is posted on Silver Doctors in an article here. Of course, the sad part about this April Fools’ Day joke: I am convinced that if we act now with the American Jobs
The EV (electric vehicle) sector and semiconductor industry are closely correlated, as chips are an important component in EV systems. Indie Semiconductor stands at the intersection between the two industries, providing the fast-growing autotech segment with next-gen semiconductor and software solutions. The company is soon to go public via a SPAC merger with Thunder Bridge
In this article MSFT QS WING KMX MU WDC F NIO Satya Nadella, chief executive officer of Microsoft Corp., speaks during the Microsoft Developers Build Conference in Seattle, Washington, U.S., on Monday, May 7, 2018. The Build conference, marking its second consecutive year in Seattle, is expected to put emphasis on the company’s cloud technologies
by visualcapitalist Big Tech Just Keeps Getting Bigger It’s becoming increasingly difficult to wrap your head around just how massive some big tech stocks are getting, especially since they keep outdoing themselves. The pandemic has pushed even more activity online, and the FAATMAN stocks (Facebook, Amazon, Apple, Tesla, Microsoft, Alphabet, and Netflix) have benefited immensely. With many of
During his 2019 presidential bid, Senator Cory Booker (D-N.J.) put forward some fairly radical plans. As part of his keystone message—and attempt to close the intergenerational wealth gap—he proposed that the federal government put money aside for every child born in the country, and keep adding to this fund until each of them reached adulthood.
A Hong Kong court has convicted some of the city’s most senior pro-democracy figures, including media mogul Jimmy Lai, of unauthorised assembly during protests in 2019, in the latest indication of the government’s efforts to crush dissident voices in the territory. The group of seven convicted pro-democracy activists also included Martin Lee, 82, a UK-trained
Traders work on the floor of the New York Stock Exchange (NYSE) on March 16, 2020 in New York City. Spencer Platt | Getty Images Wall Street investors largely view higher interest rates as the biggest threat to derail the rally in stocks, according to a new CNBC survey. As a part of CNBC’s Quarterly
European equities headed towards their pre-pandemic peak and Wall Street was set to open higher as investors cheered US president Joe Biden’s $2tn infrastructure plan to kickstart the world’s largest economy. Europe’s Stoxx 600 equity index added 0.4 per cent in late-morning dealings to 431.2 points, putting it within a whisker of its all-time high