Silver is in the hands of the bulls on a long-term time frame but lacks conviction on lower time frames. If daily support holds, then the bulls have a shot at a continuation to pressure bearish commitments at weekly resistance. The price of silver has been testing critical support on Thursday, trading lower on the
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If silver really is that important to… (by Half Dollar) “Fear porn”. They say that’s what I write. And they also say I’m not very good at it, and you know you’ve just gotta believe ‘em, because they’re so normal, so mainstream, yet still, all things considered, which isn’t even really all that much, I
There’s no stopping Bitcoin right now. BTC is now trading at all-time highs and dragging any satellite companies associated with it along for the ride. Case in point: Shares of bitcoin miner Marathon (MARA) skyrocketed 67% this week, taking 2021’s tally to a year-to-date gain of 260%. The rising bitcoin price has demanded a rethink
Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Tilray, Canopy Growth, Aphria, Aurora Cannabis — Several cannabis stocks dropped Thursday, giving up some of the sharp gains from earlier this week as Reddit traders piled into the names. Shares of Tilray fell more than 40% after rallying
by confoundedinterest17 The Federal Reserve, the central bank for the United States, was signed into law by President Woodrow Wilson on December 23, 1913. And consumer purchasing power has dropped ever since to an all-time low. Rent CPI is declining rapidly. While auto and truck CPI have been fairly level since 1995. But as Wolfstreet noted,
Inquiries for pre-approved offers do not affect your credit score unless you follow through and apply for the credit. If you read the fine print on the offer, you’ll find it’s not really “pre-approved.” Anyone who receives an offer still must fill out an application before being granted credit. The pre-approval means that the lender
Microsoft approached Pinterest in recent months about a potential deal to acquire the $51bn social media company popular with hobbyists posting home decor, food and wedding collages, people briefed on the matter said. The talks were currently not active, said one of the people briefed. Microsoft has been pursuing an acquisition strategy aimed at amassing
First-time claims for unemployment insurance totaled 793,000 last week as declining Covid-19 cases provided little relief for the jobs market. The total for the week ended Feb. 6 was above the 760,000 forecast from economists surveyed by Dow Jones but a slight decrease from the previous week’s upwardly revised total of 812,000. The pandemic era
Government bonds rallied on Thursday after the head of the US central bank stressed there would be no rapid changes to monetary policy for the world’s largest economy. Federal Reserve chairman Jay Powell, speaking at the Economic Club of New York on Wednesday afternoon, underscored the importance of “patiently accommodative” monetary policy to boost the
Top performance from a leading active manager typically comes at a price. For the funds in this ranking, however, it may be hard to justify not paying the premium. Sector weighting played a big role in the outsized gains produced by the 20 active ETFs with the biggest three-year annualized returns, Morningstar Direct data show.
To better understand user behavior and sentiment regarding transactions and privacy on the blockchain, Manta Network ran a survey in December 2020 studying user trust regarding privacy on the blockchain, as well as centralized and decentralized exchanges. The 2021 Privacy & Trust on Cryptocurrency Exchanges report examines the drivers behind user trust and activity surrounding
Managing Partner, Evergreen Property Partners. Top 10 Family Office RE Professional, Top 30 Family Office RE Investor, Harvard Graduate. getty Multifamily properties have long been a favorite investment of family offices. Though multifamily properties have been generally doing quite well during the pandemic, as I have mentioned in other articles I’ve written, a lot of that
Following Tesla’s move to invest $1.5 billion in bitcoin, analysts are predicting that a flood of other companies will follow suit. Mad Money’s Jim Cramer thinks that all companies should put bitcoin in their balance sheets, and Twitter reveals that it is already looking into doing that. Other Companies Will Follow Tesla’s Bitcoin Example, Say
Economist Lisa Cook has the backing of several key White House officials and allies outside the administration as a possible choice for President Joe Biden in filling a vacancy on the Federal Reserve Board of Governors, according to people familiar with the matter. Cook, who teaches at Michigan State University, is also on the steering
Did you take a break from required minimum distributions (RMDs) in 2020? Thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which suspended RMDs for 2020, you did not have to take RMDs from your traditional IRAs (individual retirement accounts) and other tax-deferred accounts last year. (Roth IRAs do not require RMDs during
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) – The gold market is holding on to modest gains even as the price sees little reaction to rising volatility in
“…we can better stem the flow of dark money from organized crime and terrorist financiers…”. That doesn’t sound good… (by Half Dollar) The Treasury Department is kind of publicly picking a fight with Bitcoin. Here’s the question: Why would the Treasury Department publicly pick a fight with Bitcoin when there are myriad ways the ESF
Shares of Pacific Biosciences surged another 9% in Thursday’s pre-market trading after the gene sequencing company announced a $900 million investment from SB Management, a subsidiary of SoftBank Group. Shares closed 16% higher on Feb. 10. As part of the investment, SoftBank will buy $900 million in convertible senior notes due 2028 with an initial
Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – Coca-Cola reported quarterly earnings of 47 cents per share, 5 cents a share above estimates. The beverage giant’s revenue essentially came in line with Wall Street forecasts. The company saw a year-over-year decline in revenue, income and case volume, but
by Michael Snyder Do they secretly want Trump to lose? To me, that appears to be the best explanation for the utter incompetence that has been displayed by Trump’s lawyers so far. Yes, they didn’t have that much time to prepare. But these are very experienced attorneys that have spent decades perfecting their skills in
We may be moving toward a cashless society, but we’re not there yet. Despite the growth of electronic payments, debit cards, and credit cards, checks are still widely used in the United States. More than 14 billion paper checks were issued in 2018 alone, according to a Federal Reserve report. While writing a check is quite
Cathie Wood says “nothing has gone wrong” with her Tesla Model S since she bought it in 2018, and she has never required a service call. She is just as pleased with her investment in Tesla shares. The fortunes of Wood’s Ark Investment Management and Elon Musk’s electric carmaker have been indelibly linked for some
The EU’s historic leap into mass debt issuance will usher in a revolution in Brussels’ economic governance, whether governments like it or not. That’s partly the contention of a paper from the Delors Centre, which sets out how Brussels’ economic management tools will undergo a major shake-up following the creation of a landmark €750bn recovery
There is still a significant gap between the services investors want from a financial advisor and the services they actually receive. Clients expect financial planning, help with wealth transfers, trust services and estate planning, says Gavin Spitzner, the president of Wealth Consulting Partners. But most advisors still only offer traditional investment management. So how do
Leading crypto asset exchange Binance was forced to suspend its spot and margin trading services just a few minutes after its CEO took to Twitter to boast the platform had smoothly handled new record highs for website traffic. Binance chief executive Changpeng Zhao, or CZ, tweeted the exchange had experienced a new all-time high for
CEO & Owner of All Storage and commercial real estate investor and developer, specializing in retail, office space and senior housing. getty Even if you’re new to real estate investing, you’ve probably seen the success stories touted on social media. Real estate entrepreneurs with private jets boasting a glamorous lifestyle and “guaranteed returns.” Newbie investors extolling the
PRESS RELEASE. Hidden among a press release published on November 10, 2020 is one of the most significant developments in blockchain history: By partnering with Tilia Pay, Upland.me, a virtual property metaverse that offers true ownership of NFT property parcels mapped to real addresses, has taken a giant leap towards creating the world’s first true
Google has submitted its preliminary proposal for its North Bayshore campus in Mountain View. Source: SITELAB urban studio Google released preliminary plans late last week for its future campus in northern Mountain View, CA, which emphasizes several thousand new homes and space for local shops amid pandemic recovery. For the project, Google and development partner
The Puerto Rico Oversight Board said it has reached a new central government debt deal but asked the court to extend its deadline to reveal its terms. The board filed an urgent motion Wednesday afternoon with Puerto Rico bankruptcy Judge Laura Taylor Swain asking for an extension to March 8 from Feb. 10 to disclose
getty It is not a surprise — not to me, anyway — that the “Covid relief” bill, or, strictly speaking the first half of such, released by the House yesterday, to be passed under the terms of reconciliation, includes substantial provisions related to multi-employer pensions. I did, after all, predict as much as soon as