Municipals ended weaker Friday with triple-A benchmark curves rising the most in a week since COVID-19 disrupted all markets in March and April of last year. Muni yields rose another five basis points on the 10- and 30-year Friday, bringing the total cuts to scales to 18 and 17 basis points, respectively, from Tuesday as
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[embedded content] MindMed (MMED.NE) has announced the acquisition of HealthMode, which now gives the company access to artificial intelligence-enabled clinical research. The $41.6 million all-share transaction gives MindMed control of HealthMode’s intellectual property, as well as a new team. “Today is going to give a whole new trajectory to MindMed. Before, we were very much
The conditions are falling into place for a sharp rise in both metals and miners starting next month. The Ides of March cometh for the Bullion Banks… by David Brady via Sprott Money BIG PICTURE “In terms of policies for right now, very unusual for the IMF, starting in March I would go out and I would
Ultragenyx (RARE) is on the cusp of transforming itself from a developmental stage entity into a stable, rare-drug behemoth along with industry pioneer Biomarin (BMRN). The parallels here are stunning, as RARE is expertly guided by Emil Kakkis, one of the original members of the BMRN stable. Early Success Success in the labs may not
ExxonMobil Corp. (XOM) is a multinational company that engages in the exploration and production of oil and gas, electric power generation, and coal and minerals operations. It also manufactures fuels, lubricants, and chemicals. ExxonMobil operates three core business units: Upstream; Downstream; and Chemical. The top shareholders of ExxonMobil are Andrew P. Swiger, Darren W. Woods,
When a deep freeze shut down half the power generation capacity in Texas this week, the wholesale price of electricity exploded 10,000 per cent, with the financial consequences now being felt all the way from individual households to huge European energy companies. Astronomical bills face customers who opted for floating-rate contracts tied to wholesale prices
Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on September 13, 2016. Heidi Gutman | CNBC Company: Bausch Health Companies Inc. (BHC) Bausch Health Companies Inc, formerly Valeant Pharmaceuticals International Inc, is a Canada-based company that develops, manufactures and markets a range of branded and generic pharmaceuticals, medical devices and over-the-counter
European investment bankers are set to enjoy increased bonuses after a bumper year for trading and dealmaking amid the coronavirus pandemic, while their counterparts in other parts of the business see their payouts cut or cancelled altogether. Credit Suisse and Barclays — the first of the region’s major investment banks to disclose their plans —
The Internal Revenue Service provided guidance Thursday on how employees and employers can carry over unused money from flexible spending accounts and dependent care assistance programs during the COVID-19 pandemic. Notice 2021-15 details the relief offered under the stimulus package passed by Congress in December, which included provisions allowing greater flexibility for employee benefit plans
Bitcoin’s (BTC) price has been consistently rallying in the past few weeks, reaching its latest new high of around $57,500 on Feb. 20. The week has seen more bullish news such as the first German listed company allocating its cash reserves to BTC as well as the launch of the first Bitcoin ETF in Canada,
The longtime La Jolla residence of contemporary artist Faiya Fredman sold after two weeks on the … [+] market for $7.625 million, or $627,000 over the asking price. Willis Allen Real Estate If you blinked, you likely missed it. A coveted property in the seaside neighborhood of La Jolla has flown off the market nearly
The mainstream has caught a whiff of the gains cryptocurrencies like bitcoin and ethereum have seen, but many people are not aware of the passive income crypto users are getting as well. While financial incumbents are giving people with savings accounts a measly 0.35% to 0.60%, digital currencies can give people 1-17% or even more
Ask Larry Economic Security Planning, Inc. Today’s column addresses questions about what factors can potentially reduce benefits for a surviving spouse, whether cost of living allowances also increase spousal benefits and whether a public pension will affect a spouse’s own retirement benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder
San Franciso’s largest school district has received a second ratings downgrade after it indicated to the state that if revenues don’t exceed expectations, or it doesn’t cut costs, it may not be able to meet its financial obligations within the next two years. Moody’s Investors Service downgraded to Aa3 from Aa2 San Francisco Unified School
Silver is known as the devil’s metal because of its volatility — a characteristic many retail investors found to their cost earlier this month. As investors piled into the metal following comments on the online Reddit WallStreetBets’ forum, the price of silver shot up 15 per cent in the last week of January to hit
Indeed, this is a real possibility for good reasons. First… by Arkadiusz Sieron of Sunshine Profits Under the Biden administration the economy could overheat, thereby increasing inflation and the price of gold. In January, Biden unveiled his plan for stimulating the economy, which is struggling as the epidemic in the U.S. continues to unfold. Pundits
Earnings season is in full swing and next week (Feb 25) Velodyne Lidar (VLDR) will report its 4Q results. The lidar maker already gave a taste of what to expect when it made a 4Q preannouncement on Jan 7. While the company gave a business update on the quarter’s events, Velodyne took its C2021 sales
by howmuch America exports $2.84 trillion in services, nearly twice the $1.85 trillion it imports. Imports of goods stood at $9.23 trillion in 2020, nearly twice the $5.67 trillion it exports. The difference between imports and exports of consumer goods, except food and automotive is $1.85 trillion, the largest imbalance favoring imports. On the flip
After you leave your job, there are several options for your 401(k). You may be able to leave your account where it is. Alternatively, you may roll over the money from the old 401(k) into a new account with your new employer, or roll it into an individual retirement account (IRA), but you must first
Citadel CEO Ken Griffin dismissed as “flat out false” the accusation that his firm improperly uses information it garners from its market-making operation. Griffin spoke in an interview with CNBC on Friday, one day after Citadel and other market makers came under scrutiny from Congress about their role in last month’s GameStop mania. “I think
Silver is known as the devil’s metal because of its volatility — a characteristic many retail investors found to their cost earlier this month. As investors piled into the metal following comments on the online Reddit WallStreetBets’ forum, the price of silver shot up 15 per cent in the last week of January to hit
Vice-chancellors and senior leaders at UK universities say they are “in the dark” about tightening national security requirements for Chinese partnerships and are seeking greater clarity on how to navigate regulation of research and commercial work. The call comes as several top institutions, including Imperial College London and Cambridge and Manchester universities, have been accused by China-focused
In its second recruiting grab of the young year involving at least $1 billion in client assets, Raymond James added an indie team from Wells Fargo. Eight financial advisors managing $1.06 billion in client assets with Hall Financial Advisors and Karageorge Wealth Management left Wells Fargo Advisors Financial Network for Raymond James Financial Services, the
Notable mainstream attention has shifted toward Bitcoin amid its meteoric rise, with the asset having recently tapped over $52,500 per coin. Bitcoin (BTC) has seen an increasing wave of interest from mainstream companies, gaining status as a hedge, unique from other asset classes. What makes Bitcoin valuable, though? Perhaps one of the simplest answers regarding
AUSTIN, TEXAS – FEBRUARY 19: Mark Maybou scraps snow into a bucket to melt it into water on February … [+] 19, 2021 in Austin, Texas. Mr. Maybou was using the water to flush his toilets since his home has no running water. Winter storm Uri brought historic cold weather causing people to lose their
Controversy still surrounds a liquidated New Zealand cryptocurrency exchange, which allegedly got hacked again. Adding to the $30 million stolen in 2019, Cryptopia reports that it was the target of a another theft incident on February 1, 2021. Hackers Accessed a Dormant Wallet Which Holds XSN Tokens According to Stuff.co.nz, the hackers took around NZD
By Richard Eisenberg, Next Avenue Editor NEW YORK, USA – JANUARY 30: A GameStop store in Manhattan (Photo by Tayfun Coskun/Anadolu Agency via … [+] Getty Images) Anadolu Agency via Getty Images You’ve undoubtedly heard about the recent stock market frenzy over Gamestop GME and other so-called “meme stocks” that skyrocketed and then plummeted. That’s
The Federal Reserve warned of significant risks of business bankruptcies and steep drops in commercial real estate prices in a report published on Friday. “Business leverage now stands near historical highs,” the central bank said in its semi-annual Monetary Policy Report to Congress. “Insolvency risks at small and medium-sized firms, as well as at some
Subscribe to Kitco Roundtable on iTunes With copper hitting a multi-year high, copper projects can finally start being pulled off the shelf. On Friday Ashley Heppenstall, director at Lundin Mining (TSE:LUN) and chair of Josemaria Resources (TSE:JOSE), joined editor Neils Christensen, correspondent Paul Harris and mining audiences manager Michael McCrae to record Kitco Roundtable. Lundin
What a joke we live in, when freedom of speech at the retail level, is offensive to Algo profitting companies like every major and central bank… by J. Johnson via JS Mineset Great and Wonderful Friday Morning Folks, The February Precious Metals Options expiration happens next week Tuesday. With that in mind Gold goes