Donald Trump’s efforts to overturn the US presidential election result suffered significant setbacks on Friday after Georgia officially certified Joe Biden’s win and top Republican lawmakers in Michigan dismissed the idea they would throw the state to the president. The developments were the latest blows to Mr Trump’s unprecedented and long-shot effort to retain power
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Something strange happened when I arrived to taste the 2019s at Meursault’s most famous wine cellar, that of Domaine des Comtes Lafon. Dominique Lafon had to go searching for a spittoon. Normally at this time of year it would be overflowing, but 2020 has seen a distinct shortage of tasters in Burgundy. Sorting out my Côte
Allianz’s Pimco was sued by a pair of female workers who allege the money manager operates as a fraternity that favors white males. Sue Collazo and Lisa Anthony, employees at the firm’s Newport Beach, California office, say the company culture marginalizes, demeans and undervalues women and male leaders overtly favor other men regardless of their
The DB11 Aston Martin Aston Martin The Miami building that made a name for itself as the first residential building to partner with luxury carmaker Aston Martin has added a second luxury perk for the buyers of some of their highest-rated units. Anyone who purchases one of 38 Signature condos at the Aston Martin Residences
Nvidia released its earnings for the third fiscal quarter of 2021 this week, showing better-than-expected results, driven by sales of its graphics processing unit (GPU) chips. The firm reported graphics segment revenue of $2.79 billion for the quarter, beating analyst estimates of $2.1 billion. Within the graphics segment also falls the gaming division. Nvidia said
The Puerto Rico Oversight Board approved entering central government debt negotiations with a proposal that would include a 65.9% to 68.6% haircut for bondholders. The board voted 4-0 at Friday’s public meeting to adopt this position in negotiations with creditors. The Board considered the same resolution at a meeting on Oct. 30, and board member
getty Year-end tax strategies are common and impactful tools to help you leverage the tax code and better plan for your future. Using concepts like Roth conversions, charitable giving, tax loss harvesting, minimizing capital gains, and making sure you maximize all possible savings to tax deferred accounts can all be helpful in maximizing your savings. This year
Gold faced a tough week as waves of liquidation occurred, with many participants from hedge funds to managed funds giving the precious metal the cold shoulder. Unfortunately, silver also saw the pressure while its sister metals copper and platinum took off like a rocket and left everyone else behind. The good news is that weakness
After the bombs were dropped during the Giuliani press conference regarding multiple levels of voter frauds, Gold has reversed with… by J. Johnson via JS Mineset Great and Wonderful Friday Morning Folks, After the bombs were dropped during the Giuliani press conference regarding multiple levels of voter frauds, Gold has reversed with the trade
In a business update provided on Thursday, United Airlines disclosed that it expects 4Q revenue to decline by about 67% year-over-year as COVID-19 cases are rising rapidly and impacting travel demand. The carrier stated that in the week ended Nov. 18, there has been a deceleration in system bookings and an increase in cancellations due
Traders work the floor of the New York Stock Exchange. NYSE Stocks could continue to struggle with the twin themes of the spreading virus and a potentially robust recovery, once a vaccine is deployed next year. In the coming week, the restrictions the spreading virus is imposing on the economy will be clear, when many
by Martin Armstrong I am here from the Government to Protect You COMMENT: Hi MartinNow that coronavirus deaths have apparently topped 1 million people globally, which is over 0.01% of the world’s population, I’ve been wondering whether there are any other comparable threats to my life that the government is not protecting me from.I am troubled
Diversification is a familiar term to most investors. In the most general sense, it can be summed up with the phrase: “Don’t put all of your eggs in one basket.” While that sentiment certainly captures the essence of the issue, it provides little guidance on the practical implications that diversification plays as part of an
Steven Mnuchin, the US Treasury secretary, battled accusations on Friday that he had made America more vulnerable to a financial crisis after breaking with the Federal Reserve and refusing to renew some of its crisis lending facilities. The move by Mr Mnuchin, in defiance of the central bank’s wishes for a full extension of its
Chancellor Rishi Sunak will set out plans next week for a new National Infrastructure Bank to channel billions of pounds into capital projects as part of the UK government’s “levelling-up agenda”, according to government officials. The Treasury believes that the new institution, to be based in northern England, can play a key role in helping
With the dust settling from the elections and a new administration incoming, the independent financial services industry is prepared to see some changes in the regulatory and policy environment. At the same time, there are areas where existing regulations are working to protect investors and to deliver clarity for our industry and it will be
Editor’s no Amid a political news cycle that has been stuck in a nauseating loop, covering crypto is often refreshing. Partisan forces have yet to dig out the trenches. A lot of the current task is just getting working definitions in play. Meanwhile, the technology advances at a mind-boggling rate, and there are still enough
Stable and affordable rental housing is critical for communities and the overall economy. getty With President-elect Joe Biden set to take office in January, the economic fallout of the coronavirus pandemic on America’s households is likely to be front and center. Even before the crisis, housing affordability and instability were serious problems. “This year, the
During the last few months, a slew of celebrity luminaries, millionaires, and even a number of billionaires have announced taking the plunge into the crypto asset economy. On Thursday evening, the former rapper Robert Bryson Hall II, known professionally as “Logic,” revealed he purchased $6 million worth of bitcoin last month. The retired American rapper
If you’re considering early retirement, you’re in good company. COVID-19 has been a catalyst for older Americans to leave the workforce voluntarily due to their high risk of infection. Quitting a job poses financial challenges for early retirees who suddenly have fewer years to accumulate assets and more years to live without a regular paycheck.
The Federal Reserve said Friday it would comply with a Treasury Department request to return unused funds meant to backstop five emergency lending programs, moving to tamp down a public rift that arose a day earlier. “We will work out arrangements with you for returning the unused portions of the funds allocated to the CARES
Benzinga Here’s What $500 Invested In 7 Electric Vehicle Penny Stocks In March Is Worth Right Now Who would have thought 2020 would be the dawn of a new era in electric vehicle stocks. Though many of these companies have been on the market in one shape or form for years, most have traded as
It is an overplayed cliché to refer to the insanity of the current year. Still, 2020 manages to surprise. It is increasingly looking like… by Tho Bishop via Mises It is an overplayed cliché to refer to the insanity of the current year. Still, 2020 manages to surprise. It is increasingly looking like 2020 has
Pfizer plans to submit an application to the FDA for the emergency use of its COVID-19 vaccine today, according to Health and Human Services Secretary Alex Azar. An Emergency Use Authorization (EUA) filing from Moderna is expected to come shortly after. “Pfizer’s (PFE) partner, BioNTech, has announced that tomorrow they intend to file for emergency
Check out the companies making headlines in midday trading. Zoom Video — Shares of the video-conferencing company jumped more than 6% amid a rise in Covid-19 cases. Zoom has been one of the key “stay-at-home” trades, and shares are up 550% this year. Nikola — The electric vehicle maker declined more than 3%, despite Loop
by Chris Kimble It wasn’t long ago that Bitcoin was pretty much left for dead. And a couple of years before that, Gold was in the same position. Both Bitcoin and Gold suffered severe bear markets that saw many investors jump ship. Often times, that is the only way for a durable bottom to form. And
For building retirement savings, 401(k) savings plans have become one of the better deals. Traditional 401(k)s allow you to save pre-tax dollars right out of your paychecks to build a retirement nest egg. The Roth 401(k) has been added to many workplace plans; it allows you to build savings that you can withdraw tax-free in retirement
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Investors assess vaccine news against Covid-19 case spikes Traders work on the floor of the New York Stock Exchange. Source: NYSE U.S. stock futures pointed to a mixed open Friday, in an investor sentiment tug-of-war between more encouraging
Britain’s energy regulator is eyeing a £21 annual increase in electricity and gas bills for 11m households to offset suppliers’ bad debts caused by the pandemic, raising the price cap for customers on the most expensive tariffs. Ofgem’s move comes as many companies in the energy sector face losses because of the economic downturn caused
Brussels has said that progress was made in this week’s Brexit trade talks before they were disrupted by a member of the EU’s negotiating team testing positive for Covid-19, with time running out to get a deal over the line. Ursula von der Leyen, the European Commission president, said on Friday that “after difficult weeks