Donald Trump pre-released footage of his combative interview with 60 Minutes, the CBS News show, and attacked members of the press including the moderator of the final presidential debate scheduled for Thursday night. “Look at the bias, hatred and rudeness on behalf of 60 Minutes and CBS. Tonight’s anchor, Kristen Welker, is far worse!” the
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Is a vaccine the real risk to the market? Stocks are within 1% to 2% of their historic highs because of the belief that: 1) stimulus of some form is coming, 2) the election will not devolve into chaos, and 3) an effective vaccine will be available in early 2021. Five vaccines — from Moderna,
Gap is considering closing hundreds of stores in Europe in order to focus on reviving its US business and expanding its Athleta and Old Navy brands, putting up to 3,000 UK jobs at risk. The US-listed company is looking to operate more through franchises in Europe in the future. “Franchisees already operate in 35 countries
A London-based wealth manager with global ambitions aims to extend its reach into the U.S. marketplace via a special purpose acquisition company. Kingswood Acquisition’s plan is to raise $150 million through an IPO of 15 million units at $10 apiece to make acquisitions focusing on the “highly fragmented” independent wealth management industry, according to an
Bitcoin price has seen a healthy upward tick toward the $13,000 mark in the fourth quarter. At the start of the quarter, Bitcoin (BTC) was in the sub-$11,000 region, and from there, constant rises took the price to the $13,000 mark on Oct. 21 for the first time this year. The price rallied to $13,217,
Mortgage rates have hit a new low, offering the average homeowner $304 in savings. getty Mortgage rates have hit a record-low once again. According to Freddie Mac, the average interest rate on 30-year, fixed-rate mortgage loans is now just 2.80%, the lowest point recorded since 1971 — when the company began tracking rates. It’s just
Pedestrians walk past a home with a “Sold” sign in San Francisco. David Paul Morris | Bloomberg | Getty Images Sales of existing homes rose a higher-than-expected 9.4% in September to a seasonally adjusted annualized rate of 6.54 million units, according to the National Association of Realtors. Sales were up 20.9% annually. Sales could be
The price of bitcoin jumped significantly on Wednesday after the payment processor Paypal announced cryptocurrency support. The jump in value has pushed a large number of bitcoin holders into a state of profit, according to Glassnode “percent of UTXOs in profit” statistics. Based on the current data, 98% of all bitcoin UTXOs are in a
Better-than-expected reads on Thursday’s economic data indicates the slow rebound continues. Initial jobless claims declined to a seasonally adjusted 787,000 in the week ended Oct. 17, from the previous week’s downwardly revised level of 842,000, originally reported as 898,000, the Labor Department said Thursday. Economists polled by IFR Markets projected 860,000 claims in the week.
By Richard Eisenberg, Next Avenue Editor The Washington Post via Getty Images Unquestionably, there are plenty of urgent issues in the 2020 presidential election. But there’s one less urgent, yet equally critical one, that hasn’t received much attention: Social Security trust fund to pay retirement benefits is due to be depleted by 2035, perhaps even
Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) – One of the world’s largest copper producers and significant gold miner saw a robust turnaround in earnings in the third quarter even
Regardless of who wins, chaos is likely to erupt. With both candidates suggesting they might be unwilling to concede to the other, expect the flames to… by Daisy Luther of The Organic Prepper It feels like only a short time ago when I wrote a similar article about post-election chaos in the battle between Donald
AT&T reported better-than-feared quarterly sales driven by “solid” wireless and fiber broadband subscriber growth, sending shares up more than 5% in morning trading. AT&T’s (T) total revenue declined to $42.3 billion in the third quarter from $44.6 billion in the year-ago quarter, but topped the average analyst expectation of $41.59 billion. The COVID-19 pandemic impacted
Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – Coca-Cola beat estimates by 9 cents a share, with quarterly earnings of 55 cents per share. Revenue topped forecasts as well. The partial reopening of theaters and restaurants helped the company’s results, and an organic sales decline of 6% was
Key Takeaways OxyContin maker Purdue Pharma has settled with the U.S. DOJ However, the company has insufficient assets to pay the full amount Numerous state and local government suits still proceed The Sackler family is under scrutiny for massive withdrawals Purdue Pharma LP has reached a $8.34 billion settlement with the U.S. Department of Justice
Hong Kong’s securities regulator has fined Goldman Sachs’s Asia business a record $350m for serious deficiencies in risk compliance and money laundering controls in relation to Malaysia’s 1MDB. The Hong Kong fine is the first of more than $2bn of new penalties set to be announced on Thursday as regulators from the US to the
International Airlines Group, the owner of British Airways, has slashed its flight schedule for the rest of the year and said its operations lost more than €1bn in the third quarter as travel restrictions dash hopes of a recovery. The group said bookings had been worse than expected because of the rise in new coronavirus
For some of the industry’s biggest actively managed funds, neither market volatility sparked by the coronavirus pandemic nor the upcoming presidential election have deterred outsized gains. The 20 top-performing active products with at least $1 billion in assets under management have generated an average 10-year annualized return of more than 20%, Morningstar Direct data show.
Global digital payment giant PayPal might be moving into issuing its own cryptocurrency after officially entering the crypto industry, according to a major industry exec. Meltem Demirors, CSO at digital asset management firm CoinShares, says that she will not be surprised if PayPal issues its own token after the company broke the news of its
Andrew Cuomo attends a 9/11 memorial service on September 11, 2020. (Photo by Michael M. … [+] Santiago/Getty Images) Getty Images New York governor Andrew Cuomo extended the ban on Covid-related commercial evictions and foreclosures on Tuesday. Landlords are now prevented from attempting to oust commercial tenants through January 1. The moratorium had been set
Goldman Sachs has reportedly agreed to settle with the U.S. government over its role in a corrupt Malaysian government investment fund, which is one of the firm’s worst scandals since the financial crisis. In addition, Goldman Sachs previously agreed to pay the Malaysian government billions of dollars to end a criminal probe. Goldman Sachs’ Billions
Puerto Rico’s employment numbers continued to improve in September. According to the U.S. Bureau of Labor Statistics household survey total employment in September was up 0.25% from August and 1.6% from April. The bureau also collects an establishment survey of nonfarm employment, called Current Employment Statistics, which showed employment was up 7% since April. It
Before the fact, the various crediting methods available should be approximately equal in terms of long-term performance. Performance after the fact will be different as the actual index return will be translated into different interest credited as based on the crediting method. But before market performance is realized, the different methods are all using the
After seeing a decline of Rs 280 per 10 grams on October 21, the price of 10 grams of 22-carat gold and 24-carat gold has increased by Rs 480. According to Good Returns, based on the prices collected from India’s top most jewellers, 10 grams of 22-carat gold is going to cost you Rs 50,120
Jerome Powell is going to create the mother of all bubbles… by Graham Summers of Gains, Pains, & Capital Jerome Powell is going to create the mother of all bubbles. The first sign of this came in 2018 when Powell used his first Jackson Hole symposium to glorify former Fed Chair Alan Greenspan’s economic insights
Lam Research Corp. reported stronger-than-expected 3Q results as revenues jumped 47% to $3.18 billion year-over-year and surpassed analysts’ expectations of $3.11 billion. The company’s top-line mainly benefited from increased demand for memory chips across personal computers, storage and networking categories driven by COVID-19 pandemic-led remote working and online learning trend. Lam’s (LRCX) 1Q adjusted EPS
Pedestrians pass in front of Pinterest signage displayed outside of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Netflix — The entertainment stock sank 6.5% after missing Wall Street expectations for third-quarter earnings and subscriber additions. Netflix added 2.2 million subscribers globally
by Michael Snyder This time around, there won’t be any need for a special counsel investigation to determine if there was foreign interference in the presidential election. The FBI has already established that a foreign government is trying to influence the outcome of the 2020 election, and the goal is to help Joe Biden win.
Music icons Patti Smith, Carlos Santana, and Steven Tyler all share one thing in common—and it’s not just rock and roll. They’re baby boomers, the longest-living generation in the history of the United States. According to records from the U.S. Census Bureau, baby boomers—those born, more or less, in the two decades following the end of World War
California became the third US state to top 17,000 coronavirus deaths since the start of the pandemic on Wednesday. Authorities attributed a further 35 fatalities to the disease, up from 22 the day before. New York reported 2,000 cases in a single day for the first time since May on Wednesday. A further 2,026 people