“Before anything else: preparation.” Alexander Graham Bell’s motto underlies a common business theme: Disasters are fundamentally a continuity challenge that must be met by innovative thinking and smart technology — and this pandemic has certainly upended the way wealth managers serve their clients and how those clients work and live. Are you prepared? With many
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Major cloud computing and virtual machine firm VMware has launched VMware Blockchain, an enterprise-ready blockchain platform. The billion-dollar company, owned by Dell, first teased the blockchain’s development in 2018, through its Project Concord, promising an enterprise-grade platform that can enable secure inter-organization data sharing. VMware joins the ranks of IBM and other global tech conglomerates
The interiors at Three Mulberry Brotherton Lock A $1.3 billion purchase of 13 acres in one of London’s most exclusive neighborhoods has turned out to be a good investment. Chelsea Barracks in Belgravia was already seeing strong sales activity going in to 2020 and the same demand continued this year, despite the Covid pandemic. In
Federal Reserve Chair Jerome Powell told participants at the Bay Area Council Business Hall of Fame Awards Ceremony on Tuesday that the economy will never be the same after Covid-19. According to Powell, the use of accelerated technology will change the way the global economy operates as his commentary was quite similar to the recent
getty Readers, I have been remiss. I have been watching reports of major pension funds overseas divesting from fossil fuel corporations, and have been placing the topic on my to-do list, intending to share this development with readers “someday.” Last year in Norway, for instance, the $1.6 trillion Government Pension Fund Global will divest from
A Chicago City Council committee signed off on $3.9 billion of new money, refunding, and scoop-and-toss debt restructuring deals and the finance teams to assemble and sell the bonds. Mayor Lori Lightfoot is seeking the borrowing authority to plug COVID-19 pandemic holes in the 2020 and 2021 budgets and fund a five-year $3.7 billion capital
[embedded content] The 100-day and 50-day moving averages for gold have just crossed following months of a consistent differential, and this pattern is indicative of a “sharp drop” down in the gold price, said Gary Wagner, editor of the GoldForecast.com. “When the short term [average] moves below a longer term chart, it forms an X
As many parts of the (so-called) developed world enter second lockdowns and people line up for miles in their cars seeking food handouts… by Chris Martenson of Peak Prosperity As many parts of the (so-called) developed world enter second lockdowns, and people line up for miles in their cars seeking food handouts in Texas, the
In contrast to many names in the semiconductor sector, chip giant Micron (MU) has had a difficult 2020. Hampered by reduced enterprise demand, lower IT outlays and adverse macro conditions, including the US ban on key customer Huawei, the stock had failed to ignite for most of the year. But change is in the air.
After surging on vaccine news, the stock market is more likely to stair step higher as the increase in virus cases competes with the promise of a more normal economy in the coming year, investors said. The S&P 500 rocketed higher on Pfizer’s Nov. 9 announcement that its vaccine was highly effective, and that it
by Charles Hugh-Smith Trust in institutions, authorities and Big Pharma is scraping the bottom of the barrel, and rushing these vaccines into mass use with extremely high expectations of efficacy is setting up the potential for a devastating loss of trust in the vaccines should they fail to live up to the claims of 100%
Tax Deductions That Went Away, Starting With 2018 Taxes The Tax Cuts and Jobs Act (TJCA) was signed into law in 2017 by President Trump. The Act nearly doubled the standard deduction and eliminated—or limited—many itemized deductions. The effect of the tax reform was that people who used to itemize on Schedule A took the
Two female Pimco employees have filed a gender and racial discrimination lawsuit against the $2tn US asset manager, alleging that managers at the company deliberately created intolerable working conditions in an effort to force both women to leave. Female professionals working for Newport Beach-based Pimco face “discrimination in pay and promotion, and suffer other unequal
The controversial disciplinary chamber of Poland’s Supreme Court has revoked the immunity of a judge who has been an outspoken critic of the government’s judicial overhaul, amid a deepening clash between Warsaw and Brussels over the rule of law. The removal of Igor Tuleya’s immunity relates to his involvement in a contentious case three years
The Federal Reserve’s efforts this year to boost the economy are costing some wealth managers hundreds of millions of dollars. The reason stems from the Fed’s decision to bottom out interest rates earlier this year. That move helped keep markets intact and the economy afloat amid a global pandemic, but it also dealt a blow
Bill Hinman, outgoing director of the Division of Corporation Finance at the U.S. Securities and Exchange Commission chose to focus one of his last speeches on the commission’s achievements in regulating crypto during his tenure. In remarks published on the Securities and Exchange Commission, or SEC, website on Nov. 18, Hinman cited the SEC’s record
Outer Borough multifamily activity is on the upswing. Ariel Property Advisors New York City’s multifamily market has begun to show positive signs of recovery in Q3, and while Manhattan’s sales activity has slowed, investors are looking for returns in Brooklyn, the Bronx and Queens, and it’s signaling that the overall market may be pulling out
Grayscale Investments has surpassed $10 billion in cryptocurrency assets under management. About $8.85 billion are held in the Grayscale Bitcoin Trust, which now holds more than 500,000 bitcoins. Over $10 Billion Under Management Grayscale Investments announced Tuesday that it has surpassed a major milestone in cryptocurrency assets under management (AUM), which the total now stands
XiFotos | E+ | Getty Images You’ve been working for a long time, and now you have started looking forward to retirement. It takes a lot of planning, and you may or may not feel you’ve done enough to enjoy a comfortable, worry-free life after work. As you consider the many factors that can affect
By Next Avenue Editors Next Avenue For the past six years, Next Avenue — public media’s first and only national journalism service for America’s older population — has released a list of “Influencers in Aging.” We’ve named 20 trailblazers who are each uniquely changing how we age and think about aging. This year’s list includes
Top-rated municipal bonds firmed on Wednesday, with yields falling by as much as three basis points on the long end while New Jersey general obligation bonds traded up and Massachusetts upsized its tax-exempt and taxable deal, lowering yields in a repricing. Since Nov. 12, when the market began to firm after a brief sell-off, yields
[embedded content] (Kitco News) - The commodity cycle is currently at a 100-year low when compared to the S&P 500, according to Willem Middelkoop, founder of the Commodity Discovery Fund. “When you can enter a market as an investor at the 100-year low valuation, you know you’re buying near the bottom,” Middelkoop said. “We’ve seen a
The confidence that there will always be facilities and professionals to care for us is no longer realistic… by Charles Hugh Smith via Of Two Minds The confidence that there will always be facilities and professionals to care for us is no longer realistic. I’ve covered the systemic problems of U.S. healthcare for over a
It has been a bountiful November for investors of microcap Zomedica (ZOM). Shares have been on an absolute tear and are up by 120% since the start of the month. According to H.C. Wainwright analyst Swayampakula Ramakanth, there could be plenty more upside on the way. Ramakanth reiterated a Buy rating on ZOM shares, although
CEO: Carol MeyrowitzCompany value: $33.309 billionCarol Meyrowitz joined TJX in 1983, eventually becoming president in 2005. She joined its board of directors the following year. TJX operates more than 2,900 discount retail stores, including TJ Maxx, Marshalls and Home Goods. David McGew | Getty ImagesInset: Essdras M Suarez | The Boston Globe | Getty Images
Many investors are hesitant to buy individual commodities, but exchange-traded funds (ETFs) make this area accessible to a broader range of investors. Commodities can be a useful hedge against inflation, and they help diversify investment portfolios beyond more traditional stocks and bonds. Commodities such as silver and palladium also are seen as safe havens in
Pfizer and BioNTech said they would submit their Covid-19 vaccine for US and EU emergency approval “within days”, after new data showed it was even more effective than previously reported. The jab was found to have an efficacy rate of 95 per cent, the companies said, matching results released this week by vaccine rival Moderna.
Apple will halve the rates that small businesses have to pay to use its App Store, as it faces growing unrest over the size of its cut. The iPhone maker said it would charge app developers 15 per cent commission, instead of 30 per cent, if they earned less than $1m in 2020. Developers whose
With a president-elect Joe Biden heading to the White House, estate and gift tax exemptions could be on the chopping block next year. Even if nothing happens, these exemptions are slated to be halved after 2025. The upshot: Wealthy clients wishing to make big gifts can save taxes by using the generous exemptions now. The
Bitcoin (BTC) is setting new records in almost all aspects except USD spot price, says a new digest, which concludes that 2020 is not like the 2017 rally. In a blog post on Nov. 17, Nic Carter, co-founder of statistics resource CoinMetrics, highlighted nine charts which as of this week are higher than ever. 10