If you are looking for a reason why silver was capped at $30 and declined… The latest from Ted Butler, via Silver Seek In the latest Commitment of Traders report (COT), the issue I have nearly beaten to death for decades – the concentrated short position in COMEX silver futures – took center stage to
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We’re six weeks into 2021, and now that the year is getting rolling, a few things have come clear. First, and most important, the COVID pandemic may finally be on the wane. Cases and deaths are down by one-third over the past three weeks, more than 1 million people daily are receiving one of the
Interestingly Politico is picking up on a fear amid the GOPe (establishment) that President Trump will likely not only survive the second insufferable impeachment effort, but he is likely to exit stronger than ever…. and that means retaliation against the DeceptiCon class of republicans. This is the blind spot of the UniParty, their inability to see that
A pedestrian walks by a sign in front of the Uber headquarters on May 18, 2020 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell on Wednesday: Uber — Shares of the ride-hailing company slid more than 2% in extended trading after Uber reported fourth-quarter results.
Apple Inc. (AAPL) posted record revenues in the quarter that ended on Dec. 31, 2020, which is the first quarter of the company’s fiscal year 2021, beating analysts’ estimates as well as representing large year-over-year gains. Earnings per share (EPS) were $1.68, 19.1% better than the consensus estimate of $1.41 and 34.4% greater than the
A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Brokerage firm Charles Schwab said Wednesday it is laying off about 200 employees from the combined Schwab-TD Ameritrade company. This is the most recent round of layoffs, following a purge of 1,000
Milan-based UniCredit posted a €1.18bn quarterly loss after taking a goodwill impairment at its corporate and investment banking division and as Jean Pierre Mustier stepped down as chief executive. The loss is almost double what analysts had expected. The Italian lender said on Wednesday it had accelerated its balance sheet clean-up and strengthened its core
The US budget deficit swelled to $163bn in January, a fivefold increase from a year ago, as Americans received a fresh round of stimulus payments to cushion the blow from the pandemic. The gap increased as tax receipts totalled $385bn, up about 3 per cent from the same period a year ago. The German government
Despite the massive upheaval of the coronavirus pandemic, Americans’ assessment of their future financial security has held steady over the past year, according to Financial Planning’s most recent Financial Wellness Report. However, many of the 438 respondents in the most recent survey describe various economic hardships they have endured throughout the past year, including job
On Feb. 10, Bitcoin (BTC) price pulled back 5% from its newly established $48,220 high and a number of altcoins also underwent slight corrections. Data from Cointelegraph Markets and TradingView shows Bitcoin has declined 4.96% since yesterday’s highs and currently trades at $44,900. The pullback to the $45,000 level could simply be the result of
The cost of lumber is going through the roof, and that is hitting the housing industry on all fronts. For homebuilders, renovation contractors and DIYers, the cost of projects is now far higher than it was just a year ago and about to cross into historic territory. Softwood lumber prices are now about 112% higher
Warm brick, gables and beautiful original windows mark this as a lovingly restored old house. Tyler Sands for Daniel Gale Sotheby’s International Realty This home on Long Island’s Oyster Bay has it all: a distinguished list of owners including Bee Gee Robin Gibb, important architectural heritage, a superb location, exquisite finishes and materials, up-to-date amenities
Ever since bitcoin and a number of other digital assets started seeing price gains 11 months ago, a great number of celebrities started jumping on the cryptocurrency bandwagon. More recently famous people like Kiss frontman Gene Simmons, the retired American rapper Logic, hit record producer Murda Beatz, and Game of Thrones actress Maisie Williams have
Municipal bonds firmed as the primary helped direct secondary levels and U.S. Treasuries gained on weak consumer price index numbers, indicating lackluster inflation in the short term. Fed Chair Jerome Powell echoed the sentiment in dovish comments, saying the U.S. is “very far” from a strong labor market and he will wait to see inflation
Senior couple staying home and staying fit during COVID-19 lockdown. How to have a better retirement … [+] plan now. getty Are you dreaming of the day that work becomes an option, and you reach financial freedom? Those who avoided the negative effects of the Coronavirus recession have seen their salaries rise. While stuck at
WASHINGTON, Feb. 10, 2021 (GLOBE NEWSWIRE) — Against an improving macroeconomic backdrop, the main segments of silver demand are expected to rise this year. Led by industrial and physical silver investment, global silver demand is expected to achieve an eight-year high of 1.025 billion ounces in 2021. Physical investment, which covers silver bullion coin and
The Fed’s hands are tied by the “effective lower bound”, and economic catastrophe will ensue if there’s a “decline in inflation expectations”. Oh my! (by Half Dollar) Fed Chair Jerome Powell gave a speech today, so make sure your Tums are within arm’s reach, take a swig of Pepto, and keep the barf bag handy,
Tuesday was a good day for investors of Heat Biologics (HTBX). Shares blasted off by 50%, after the biotech company announced positive interim data for its lung cancer treatment. Specifically, in the Phase 2 trial of HS-110, in combination with Bristol-Myers Squibb’s OPDIVO (nivolumab) in advanced non-small cell lung cancer (NSCLC), there was a significant
A photo illustration shows the suspended Twitter account of U.S. President Donald Trump on a smartphone at the White House briefing room in Washington, U.S., January 8, 2021. Joshua Roberts | Reuters Check out the companies making headlines in midday trading. General Motors – Shares of the legacy automaker dropped about 3.5% after the company
by visualcapitalist The Briefing In 2020, a handful of companies thrived in the face of the pandemic Medical stocks made up nine of the top 20 stocks, followed by seven in the Tech/Online category Chart: The 20 Top Stocks of 2020, by Price Return and EPS In the whirlwind of the pandemic, most businesses experienced chaos. From shuttered physical stores
Despite the stock market suffering its steepest loss since October, several leading consumer defensive names moved higher Wednesday as traders took bets over what stocks may be next to join a speculative trading bubble sweeping across Wall Street, and indeed, Main Street. Key Takeaways Several leading consumer defensive stocks saw unusual buying activity in a
Billionaire investor Sam Zell told CNBC on Tuesday that some deals involving special purpose acquisition companies remind him of the speculation in internet companies during the 1990s dot-com bubble. In an interview on “Squawk Box,” Zell said he believes SPACs do offer positive benefits for investors who buy in at the creation of the so-called blank check
Tokyo governor Yuriko Koike has refused to join a meeting with Yoshiro Mori, president of the city’s Olympic organising committee, as pressure grows on the former prime minister to resign after making sexist remarks. Koike said a planned meeting with Mori and the International Olympic Committee “would not send a positive message”, raising doubts about
Schools could be working to help children catch up on education for at least five years, according to the educator appointed to help young people in England recoup learning lost during the pandemic. Sir Kevan Collins, who was announced as the government’s education recovery tsar last week, said children’s learning had suffered a “profound shock”
Traders on the floor of the New York Stock Exchange. Source: The New York Stock Exchange Stocks are hitting new highs on the back of a magical phrase being sprinkled like pixie dust among the conference calls this earnings season: “operating leverage.” “The market is set to see a substantial acceleration in earnings growth on
When my father began making questionable financial decisions many years ago, we thought he was just acting erratically. What we didn’t know at the time was that my father, though physically in great shape, was suffering from cognitive decline, and no longer possessed the inhibitions that once regulated his decision-making. My father was diagnosed with
A global chip shortage is affecting various sectors of industry from gaming to automotive and cryptocurrency mining. Amid Bitcoin’s (BTC) ongoing bull run, the crypto mining industry became massively profitable. Many miners started aggressively stacking mining hardware —by sometimes unconventional methods— which led to shortages in other sectors. The COVID-19 fueled surge in gaming consoles, computers and
An ‘Open House’ sign is displayed in the front yard of a home for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Mortgage interest rates have increased in four of the first six weeks of 2021, putting a chill on mortgage demand. Overall mortgage application volume fell 4.1% last week compared with
India’s Finance Minister Nirmala Sitharaman has answered some questions regarding cryptocurrency in Rajya Sabha, the upper house of India’s parliament. The questions include measures the government plans to impose on the crypto industry. Finance Minister Nirmala Sitharaman Answers Crypto Questions in Parliament The Indian finance minister answered four questions Tuesday in Rajya Sabha regarding the
Top finance executives from 30 major cities are urging the Biden administration to ask Congress for flexibility in direct aid to local governments and a restoration of advance refunding. The Tuesday letter’s signatories also want the administration to consider restoring and expanding the Federal Reserve’s now expired 2020 Municipal Liquidity Facility. That short-term lending program