On Wednesday, as the leading crypto asset bitcoin has been riding above the $50k handle, the well known firm Blockchain.com announced the company has raised $120 million in a strategic financing round. Blockchain.com says the financing comes at a momentous occasion, as the firm’s wallets have seen 65 million created to-date in over 200 countries.
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Getty getty Most owners of second homes leave a lot of money on the table, especially when it’s time to sell the house or pass it on to the next generation of owners. There are three basic choices for transferring ownership of the second home, but the details of each option are flexible. Most vacation
North Carolina has cut the investment return assumption for the state’s main retirement systems in a move officials say provides a more realistic picture as they plan for the future. North Carolina lowered the projected rate of return for the state’s main retirement systems by 50 basis points to 6.5% from 7.0%. The Feb. 2
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) - Gold prices are falling further into negative territory, trading at session lows as U.S. consumers went on a shopping spree in
“Sophisticated” investors have been led to believe that SLV is a de facto investment in silver. And now we know that SLV is an “investment” in… by Dave Kranzler of Investment Research Dynamics Those of us who read the original filings for both GLD and SLV were shocked that the Prospectus for each was certified
Lakeland Industries will repurchase $5 million worth of its outstanding shares, the manufacturer of protective clothing announced on Feb. 17. The new share repurchase program will replace its previous share repurchase program that had about $800,000 remaining for repurchases. Lakeland (LAKE) CEO Charles D. Roberson commented, “The Board’s approval of this new and substantially expanded
Take a look at some of the biggest movers in the premarket: Hilton Worldwide (HLT) – The hotel operator reported a quarterly loss of 10 cents per share, surprising analysts who had expected a profit of 4 cents per share. Revenue also fell short of estimates. The loss came as Covid-19-related disruptions led to a
by Robert Ross We need every last drop of water we can find on this planet. And we’re about to need a lot more. There are 327 million people in America today. By 2050, the US population is projected to climb as high as 440 million. So, the US government is investing heavily in water infrastructure. PricewaterhouseCoopers
The Committee on Financial Services of the United States House of Representatives has scheduled a hearing on “recent market volatility involving GameStop [Corporation (GME)] stock and other stocks.” The hearing will be held virtually, starting at 12 noon Eastern Time on Thursday, Feb. 18, 2021. Among those called to testify are Vladimir Tenev, CEO of
Rio Tinto, the world’s biggest producer of iron ore, has rewarded investors with the biggest dividend in its history after what its new chief executive described as a “year of extremes”. The Anglo-Australian miner was one of the biggest beneficiaries of China’s rapid recovery from the pandemic, allowing it to hand $9bn of cash back
Shares of MicroStrategy were fell more than 3% Tuesday after the enterprise software company announced intentions to purchase more bitcoin. In a press release, MicroStrategy said it plans to offer $600 million of senior convertible notes and use the net proceeds to buy bitcoin. After the announcement, its share price gad risen more than 5%
Luxury group Kering suffered a sales slowdown during the key Christmas shopping season as Covid-19 lockdowns closed shops across Europe, which hurt demand for fashion and accessories at its biggest brand Gucci. Quarterly revenue at the group controlled by French billionaire François-Henri Pinault dropped 4.8 per cent on a comparable basis to €4bn, while sales
Financial advisors choose that career path because they want to help people. I can say that’s the case for most. I’ve seen it reflected in the tens of thousands of advisors I’ve trained in my 30 years in the industry. I saw it in myself and in my daughter, who works as one now.But as
Computing hardware manufacturer Zotac angered a customer base of loyal gamers on Feb. 16 after it posted a tweet apparently marketing its new Nvidia 30 series graphics cards to cryptocurrency miners. Zotac’s post showed a stack of what looks to be GeForce RTX 3070 White Edition GPUs, along with the caption, “An army of ZOTAC
We are moving through a no man’s land between buyer’s and seller’s markets today. getty The seller is worried. She owns a lovely pre-war duplex on the Upper West Side of Manhattan. It needs renovation and is priced accordingly. She e-mails her agent to note that asking prices seem to have gone up since the
A crypto “smart city” could become a reality in Nevada’s desert, as a blockchain firm applied to make it possible. The investment company asked the state of Nevada to form a local government in Storey County. Crypto City Aims to Host 33 Million Square Feet of Commercial Space According to a report published by the
President Joe Biden directed federal housing regulators to extend mortgage forbearance programs for an additional six months and prolong foreclosure relief programs on Tuesday in a move that will cover an estimated 70% of mortgages for single-family homes in the U.S. As the latest Covid-19 relief package continues to make its way through the Congressional
Estate planning handwriting sign on the sheet. getty If you have been thinking about making large gifts to take advantage of the current $11,700,000 lifetime federal estate tax exemption, you have probably been contemplating a spousal lifetime access trust, commonly known as a SLAT. A SLAT is an irrevocable trust that you create for the
Treasuries sold off by nine and eight basis points respectively on the 10- and 30-year Tuesday, pushing muni yields higher, but the asset class continues outperforming its taxable counterpart with only a two basis point cut in triple-A benchmarks. Rising U.S. Treasuries moved municipal to UST ratios even lower again. They fell four basis points
Silver price faced strong negative pressure yesterday to break 27.60 and settles at the intraday bullish trend line located at 27.30 now, to face contradiction between the technical factors, which makes us prefer staying aside until we get clearer signal for the next trend, which we will get through surpassing one of the mentioned levels.
Central bankers may try to engineer a ‘soft landing’. But as the story of Japan shows, policymakers are sometimes helpless to prevent a… by Simon Black of Sovereign Man On April 3, 1948, when Europe and Japan were still smoldering from the devastating effects of World War II, the United States government passed a massive
New Residential Investment Corp. announced a new stock repurchase program of up to $200 million, replacing the previous $200 million stock buyback plan, which expired on Dec. 31, 2020. Shares of the real estate investment trust closed about 3.5% higher on Tuesday. New Residential (NRZ), under its new repurchase program, will continue to buy back
A woman carries Nike shopping bags at the Citadel Outlet mall, as the global outbreak of the coronavirus disease (COVID-19) continues, in Commerce, California, December 3, 2020. Lucy Nicholson | Reuters Aided by government stimulus checks, consumers are expected to have boosted their spending in January, and the trend is likely to continue to gain
by Charles Hugh-Smith The lifestyle you ordered in the euphoria will be out of stock in the panic. Humans running Wetware 1.0 (which is all of us) love to gamble, and we are entranced by the thrill of victory and the agony of defeat. When there’s a market for speculation, these wild swings of emotion manifest as euphoria (I’m
The wage gap, also known as the “gender wage gap” or “gender pay gap,” refers to the disparity between what men and women earn for doing the same work. It is sometimes used to describe pay disparities between White workers and workers of color, as well as between workers in the United States and other
Starship prototype SN9 launches from the company’s development facility in Boca Chica, Texas. SpaceX SpaceX completed another monster equity funding round of $850 million last week, people familiar with the financing told CNBC, sending the company’s valuation skyrocketing to about $74 billion. The company raised the new funds at $419.99 a share, those people said
Brussels is set to announce plans to plough millions of euros into research on new coronavirus variants as it seeks to step up its response to the rapidly evolving pandemic. Ursula von der Leyen, European Commission president, is preparing to announce €150m in funding for research into novel mutant strains of the pathogen and related
Brussels is set to announce plans to plough millions of euros into research on new coronavirus variants as it seeks to step up its response to the rapidly evolving pandemic. Ursula von der Leyen, European Commission president, is preparing to announce €150m in funding for research into novel mutant strains Texas, which has been hit
Goldman Sachs has officially entered the robo advice arena. Marcus, Goldman’s consumer digital banking brand, went live with an investing service Tuesday, offering automated portfolio management for a 0.35% advisory fee and minimum $1,000 deposit. According to the Marcus Invest website, Goldman is offering three different investment strategies and will put clients into one of
At the age of 26, Wisconsin web designer Michael Winkelmann began creating a new piece of digital art in his personal time every single day. He calls them ‘Everydays’. “I saw a pretty big step-up in the work that I do,” he says. “The ‘Everydays’ are basically just the pictures that I do every single