Authored by Mike Shedlock via MishTalk, The Covid recession isn’t even over yet, but there is already talk of a double dip coming. Double-Dip Ahead? 1. Back-to-back, the NBER is likely to call it one big recession. Europe may call it two. 2. Short-term, I expect more silly US decoupling theories. 3. Some claim the
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What Is a Financial Advisor? A financial advisor is a professional who is engaged in the business of informing and educating clients about wealth, investment and other sorts of money matters—and sometimes managing these financial affairs as well. It’s an umbrella term that includes stockbrokers, financial planners, investment advisors, tax preparers, bankers, insurance agents, and
About 10m fewer people watched the final presidential debate on Thursday night than the first one a month ago amid signs there are not that many voters up for grabs with just over a week until the election. Nearly 63m people tuned into the debate, according to Nielsen, the television ratings provider — a 14
McDonald’s has called on a judge to throw out a lawsuit from a group of black former franchisees who have accused the fast-food group of putting them out of business by setting them up to fail. About 50 former franchisees claimed in the suit that there had been an “exodus” of black franchisees from the
Six thousand UBS financial advisors are getting a new platform for market data, investment research, portfolio analytics and risk assessment. UBS Wealth Management is leaving behind the legacy Thomson One product for Refinitiv’s web-based Workspace for Financial Advisors suite. It is available now through UBS’s existing workstation, and will play a starring role on the
Wu Zhongze, China’s former vice-minister for Science and Technology and a well-known digital economics expert, believes that blockchain technology is still quite young. During an interview with The Paper, the former IT minister also stated that there was still “not much difference between where China and leading economies such as the United States and Europe”
A “sold” sign is posted on a home in Westfield, Ind., Friday, Sept. 25, 2020. The housing market has … [+] staged a furious comeback this summer, even as the economy struggles to regain its footing. Home sales have surged to the highest level in more than a decade. The strength has been driven by
getty There are many people who feel that Social Security will not factor much in their retirement plans. They feel the benefit is too low to impact the quality of their retirement and that it may not be around much longer. In 2019, the average monthly benefit for Social Security was $1,427 for a single
A comprehensive examination across many sectors reveals institutional barriers and outright racist abuse. How do we end the cycle? Arizent’s new documentary podcast features more than two dozen professionals. In this trailer episode, you’ll hear from the following guests in order of appearance: To hear more, subscribe to Access Denied on Spotify, Apple — or
No matter who ends up winning, the election of 2020 will tell us a lot about how far America has already fallen… by Michael Snyder of The Economic Collapse Blog The fact that law enforcement officials across the nation are expecting widespread violence following the election should chill every American to the core. As I
A trader walks past a campaign sign for U.S. President-elect Donald Trump and U.S. Vice President-elect Mike Pence on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, Nov. 9, 2016. Michael Nagle | Bloomberg | Getty Images About a third of the S&P 500 companies report earnings, including
BY JOHN RUBINO Somewhere back in the depths of the 20th century, a bunch of governors, mayors, and public sector union leaders got together and cooked up one of history’s greatest financial scams. They would offer teachers, cops, and firefighters extremely generous pensions but would avoid raising taxes to fund the resulting future obligations. Grateful workers
Nearly 75% of all Twitter stock is owned not by individuals but by institutional investors who buy large stakes in companies for their clients. The names below shuffle places on the list from time to time, but the latest figures available, for mid-June 2019, place The Vanguard Group, Inc. at the top of the heap
Senior Trump administration officials blamed congressional Democrats for holding up negotiations over a new fiscal stimulus package, further dimming hopes of reaching a deal before the presidential election. Speaking from the White House on Friday, Steven Mnuchin, the US Treasury secretary, said Nancy Pelosi, the Democratic speaker of the House of Representatives, was “still dug
Donald Trump has announced that Sudan and Israel have made “peace”, claiming a foreign-policy success just days before the US election. The US president made the remarks in front of reporters at the Oval Office on Friday as he signed an executive order to remove Sudan from a US list of state sponsors of terrorism
LPL Financial poached a growing 50-employee enterprise from Cetera Financial Group, in at least its fifth recruiting grab of the year above $1 billion in client assets. The Tagge Rutherford Financial Group displays on its website the progression of six successively larger offices over its 27-year history in Omaha, Nebraska, all the way up to
Galaxy Digital CEO and multi-millionaire Mike Novogratz recently hopped on CNBC Squawk Box for an interview, detailing the importance of PayPal’s upcoming 2021 Bitcoin (BTC) launch. “I think that’s, in some ways, the shot heard around the world on Wall Street,” Novogratz said in an Oct. 23 interview about PayPal’s recent news. “PayPal has 346
VP of Investor Relations at Boron Capital, a private investment firm serving diverse segments of the population. getty According to a recent report from McKinsey, 1.4 to 2.1 million (25 to 36%) of American small businesses are at risk of closing permanently due to the pandemic. With economic stimulus at a standstill, many businesses may close
Kenny Williamson | Moment | Getty Images A local authority in the U.K. is to provide university researchers with a house to test low-carbon technologies, with the collaboration set to gather potentially valuable data which could inform how buildings are designed in the years ahead. The partnership, between Hull City Council and the University of
Digital Currency Group (DCG) recently published the firm’s “State of Crypto 2020” report which polls more than 150 portfolio crypto companies. According to the study, 75% of the respondents believe the value of their business has grown this year, while 50% of the startups have seen outperforming start-of-year projections. The state of the cryptocurrency industry
The COVID-19 pandemic has caused uncertainty, which brought on market volatility. Add in next month’s election, the failure of the government to reach another stimulus deal, and the possibility that low rates may stimulate asset bubbles when things get better, and you may look at the markets and say it could be worse. “Volatility barely
If you know in advance that you’ll be moving once you retire, talk to your financial advisor about … [+] how that move can affect your retirement projections. getty It is common knowledge that states and cities have the autonomy to impose their own taxes on their residents. With that autonomy, it is natural that
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) - U.S. economic data continues to have little impact on the gold market as prices continue to hover around $1,900 an ounce.
The US presidential elections are quickly approaching. So, what do they have in store for the price of gold? by Arkadiusz Sieron of Sunshine Profits The US presidential elections are quickly approaching. So, what do they have in store for the price of gold? There are less than two weeks until the US presidential elections.
Apple’s (AAPL) accessories business might make up only 1 to 2% of overall sales, but Deutsche Bank analyst Jeriel Ong thinks one of the iPhone 12’s new features could drive extra revenue. The iPhone 12 comes with a new feature called MagSafe. This is an old MacBook feature now revived across the whole spectrum of
Take a look at some of the biggest movers in the premarket: Intel (INTC) — The chipmaker reported third-quarter earnings of $1.11 per share, in line with estimates. Revenue was higher than expected at $18.33 billion, while analysts surveyed by Refinitiv expected $18.25 billion. The company’s Data Center Group, however, saw revenue decline by 7%
by Michael Snyder Can you imagine how Joe Biden’s campaign team must be feeling right now? They have been working night and day for months to put their candidate in a position to win the election, and he has been leading in most national polls. Over the last several days they spent many hours carefully
America’s top airlines are considered some of the best employers in the U.S. Perhaps that’s why competition is so fierce for airline jobs. In 2017, Delta Air Lines, Inc. (DAL) received 200,000 applications for about 1,000 flight attendant openings, meaning fewer than 1% of applicants were hired. Mathematically speaking, that means it is five times harder
European equities were on track to snap a four-day losing streak on Friday off the back of upbeat earnings from some of the region’s leading companies such as Barclays and Daimler. The continent-wide Stoxx Europe 600 index was up 0.8 per cent by mid-morning, buoyed by financial stocks following forecast-beating earnings results from Barclays and
Business activity in the eurozone has slid back into decline, according to a widely-watched survey, as rising coronavirus infections and tighter curbs weigh on the bloc’s economy, increasing pressure on the European Central Bank to consider more monetary stimulus. The IHS Markit flash eurozone composite purchasing managers’ index fell to 49.4 in October, its lowest