What is now crystal clear is that these excess fake assets and fake liabilities will totally poison the financial system and the world economy… by Egon von Greyerz of Gold Switzerland Akhlys, the Greek goddess of Misery and Poison, is exerting a major influence on the world currently. And sadly the dosage of misery and
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There has been a lot of buzz around Cassava Sciences (SAVA) recently; The biotech is on a quest to achieve what so many others have failed to do – bring a viable Alzheimer’s treatment to market. According to H.C. Wainwright analyst Vernon Bernardino, the company has the potential to deliver on its promise. Driving the
The Roku 3 television streaming player menu is shown on a television in Los Angeles, California, U.S., on Thursday, Sept. 12, 2013. Patrick T. Fallon | Bloomberg via Getty Images Check out the companies making headlines after the bell: Tripadvisor — Shares of the travel-booking company fell 1% in extended trading following a wider-than-expected loss.
by Chris Vermeulen of The Technical Traders There has been quite a bit of chatter related to precious metals lately. The rally in Cryptos, particularly Bitcoin, and various other stocks have raised expectations that Gold and Silver have been overlooked as a true hedging instrument. As these rallies continue in various other stocks and sectors, Gold and Silver
The relationship between spot and forward rates is similar to the relationship between discounted present value and future value. A forward interest rate acts as a discount rate for a single payment from one future date (for example, five years from now) and discounts it to a closer future date (for example, three years from
Sen. Elizabeth Warren, D-Mass. Tom Williams | CQ-Roll Call, Inc. | Getty Images Sen. Elizabeth Warren is pressuring Citadel CEO Ken Griffin about his firm’s relationship with Robinhood after the online broker curbed trading in names like GameStop amid a volatility spike last month. “Both Robinhood and Citadel have denied that Citadel had any role
As millions of Texans grappled with a record-setting Arctic blast and electricity blackouts, Ted Cruz, one of the state’s Republican senators, had his own plan for dealing with the crisis: a dash for warm weather. On Wednesday evening, with the US Congress in recess, Cruz took a United Airlines flight from Houston to Cancún, Mexico,
With attention focused on Robinhood, GameStop and retail traders at Thursday’s congressional hearings, trading volumes are very much in focus, as is the practice of “payment for order flow.” Talk about a comeback story. A year ago, retail traders were a declining part of the trading world. Then Covid hit. Millions stayed home and got stimulus
Presented without comment — a quote from a freshly unredacted lawsuit filing against Facebook (with our emphasis): Facebook’s Potential Reach is systematically inflated. For example, in August 2018, Facebook represented to its advertisers that it had a Potential Reach of 230 million adults (i.e. 18 years old or over). According to United States Census data,
Webull, the Chinese-owned brokerage that runs one of the fastest-growing retail trading platforms in the U.S., raised $150 million in a new financing round that gives the startup more firepower to compete with Robinhood Markets. The fundraising valued Webull’s parent company at more than $1 billion, people familiar with the matter said, asking not to
Bitcoin (BTC) has been outperforming Ether (ETH) in the past several days as BTC surged above $50,000 for the first time in history. Meanwhile, one popular cryptocurrency trader explains that this is “simple math” given the growing institutional demand for BTC. BTC vs. ETH (orange) performance in February. Source: Tradingview While ETH is beating BTC
A contractor frames a house under construction in Lehi, Utah, U.S., on Wednesday, Dec. 16, 2020. Private residential construction in the U.S. rose 2.7% in November. George Frey | Bloomberg | Getty Images Consumers want more newly built, affordable homes, but builders are finding that hard to deliver, especially as prices for framing lumber spike
Joe Sugiyama is the Vice President of Pre-Construction at CA Ventures. getty Embarking on a new real estate development can be overwhelming for even the most experienced developers. Everything from getting a model to provide necessary returns to efficiently fitting your building design to your project site requires both financial and construction know-how. One area that
According to a website that tracks the price of bitcoin across the globe, the crypto asset’s selling price in Nigeria as of February 18 stood at $ 76,000. At this price, the crypto asset is selling for $20,000 more than the approximately $52,000 that most cryptocurrency exchanges are currently quoting. The Impact of the CBN
By Lisa Iannucci, Next Avenue Frances McDormand, starring in “Nomadland” Photo courtesy of Searchlight Pictures For four decades, Jean Hardwick had a good, stable career, health and life insurance and a Sarasota, Fla. home she owned and loved. Then in 2015, catastrophe struck. After a near-fatal reaction to a prescription medication, Hardwick, now 60, found
Los Angeles heads to market Wednesday with a hybrid tender offer and refunding as it struggles to close a pandemic-induced deficit that brought a negative outlook from Kroll Bond Rating Agency. The deal marks the second by a California issuer to make a tender offer ahead of a taxable refunding in the hope of taking
Let’s talk about gold. The precious metal is the traditional safe haven investment, backed by its use – starting 5,000 years ago – as a reliable store of value. Investors looking to protect their portfolio and secure their wealth traditionally bought heavily into gold, and the price of gold has sometimes been used as a
The Great Reset is continuing apace and every sign that austerity is in the cards for the Western world is flashing. The recent winter weather is just… by Robert Wheeler via The Organic Prepper The Great Reset is continuing apace and every sign that austerity is in the cards for the Western world is flashing.
Bank of America has a strong reputation for keeping finger on the pulse of the financial world – and one of its key tools is the Global Fund Manager Survey, conducted monthly and seeking opinions from more than 200 hedge fund, mutual fund, and pension fund managers who hold a combined $645 billion in AUM.
Check out the companies making headlines before the bell: Walmart (WMT) – Walmart reported adjusted quarterly earnings of $1.39 per share, which includes a 7-cent impact from UK tax repayment. The consensus estimate had been $1.50. Revenue did beat forecasts, and US comparable sales excluding fuel were up 8.6% compared to the 5.8% FactSet estimate.
by Peter Krauth via Streetwise Reports Imagine your favorite company getting sued for holding too much cash. I know, that’s a big statement. But hear me out. Corporations, pension funds and insurance companies—anyone responsible to stakeholders—could one day face class action lawsuits if they don’t diversify into other reserves assets. It’s not beyond the realm of possibility, especially
If you’re one of the millions of Americans who’ve been laid off or furloughed as a result of the coronavirus pandemic, your cash flow may have slowed to a trickle or stopped altogether. But the bills, of course, just keep on coming. To manage your finances until the crisis has passed and you’re back on
CEO & Co-Founder Vaynermedia Gary Vaynerchuk speaks at the Brand U Event at Nasdaq MarketSite. Roy Rochlin | Getty Images The newfound influence of Reddit users on the stock market is just a microcosm of what’s to come in the technology era, advertising guru Gary Vaynerchuk told CNBC Wednesday. “You’re seeing the maturity of the internet
The chief executive of the English Premier League has attacked a $6bn plan to create a “super league” of Europe’s best-known teams as the sport struggles to cope with the financial fallout from the pandemic. Richard Masters told the FT Business of Football Summit on Thursday that the breakaway competition pushed by the likes of
Singapore’s bourse will set up a distribution link with one of the world’s largest securities depositories in an attempt to lure global investors to its bond market, as its core equities business comes under pressure from regional rivals. SGX, which operates the city’s securities exchange, said on Thursday it would launch a structure to make
Holders of donor-advised funds increased their disbursements last year in response to urgent demands for greater charitable contributions to cope with the COVID-19 pandemic. The number of DAF grants in eight charitable subsectors increased in the first half of 2020 compared to the same period in 2019, according to a report from the National Philanthropic
The number of whale addresses holding Bitcoin (BTC) have hit a new all-time high, the latest data shows. This can be considered bullish, particularly as the price of BTC is showing staying power above $50,000. The increase in the number of whales indicate that high-net-worth investors are actively accumulating Bitcoin as the bull market continues.
Breaking from the notion of a starter home, wealthy Millennials are going big. getty If any first-time home buyers were on the fence about taking a more traditional starter home path to homeownership in 2020, the Covid-19 pandemic brought into focus the way they viewed homes and what they really wanted for a dream home.
The real estate market in Dubai is likely to remain subdued for the next two years as the city recovers from the Covid crisis, according to a major Emirati property developer. “I see, still, a soft market for [2021 and 2022],” said Hussain Sajwani, chairman of Damac Properties. That means there will be more potential sellers than
sponsored The international Pionex cryptocurrency exchange has been one of the fastest growing trading platforms in Asia in 2020 and it is now set to capture even more of the global market in 2021. What makes Pionex so popular is the trustworthy team of professionals behind it and the top notch automated trading tools that