Barack Obama made his 2020 presidential campaign trail debut on Wednesday with a rousing speech in Philadelphia that lambasted Donald Trump’s record in the White House and his handling of the coronavirus pandemic. With fewer than two weeks to go until election day, the former US president met a group of black community leaders before
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J.P. Morgan Securities landed a former Merrill Lynch team that oversaw roughly $1.1 billion and generated production in excess of $4 million, making it the firm’s biggest hire of 2020. The Campbell Group, led by Gwen Campbell, joined J.P. Morgan Securities on Oct. 21 in San Francisco. Moving with her are fellow team members Derek
The South Korean telecom giant SK Telecom has announced it will issue its first digital wallet for blockchain-powered digital certificate storage and management with the approval of the Ministry of Public Administration and Security. According to NewsTomato, SK’s Wallet is compatible with the ministry’s own Government24 digital certificate initiative, which promotes the use of electronic
Retrofits can include the installation of solar panels on a home’s rooftop, such as this property in Kent, England. Andrew Aitchison | In Pictures | Getty Images You only need to look at the huge numbers of people working from home to see how tech has changed the buildings we live in. Through laptops, tablets
Toni Morrison, American writer, novelist, editor, Italy, September 2012. (Photo by Leonardo … [+] Cendamo/Getty Images) Getty Images The last home of Nobel prizewinning author Toni Morrison has come on the market for $4.75 million. Located in Tribeca’s landmark Textile Building, the condo is a corner unit with a modern feel despite the building dating
Digital Yuan Giveaway: China’s Shenzhen City Hands Out 10 Million Yuan in Central Bank Digital Currency A major Chinese city is giving away 10 million yuan in the country’s central bank digital currency this weekend. Recipients can use their digital yuan at 3,389 stores next week. The city aims for the giveaway to boost usage
CHICAGO, ILLINOIS – APRIL 16: Chicago mayor Lori Lightfoot arrives at Wrigley Field on April 16, … [+] 2020 in Chicago Illinois. Wrigley Field has been converted to a temporary satellite food packing and distribution center in cooperation with the Lakeville Food Pantry to support ongoing relief efforts underway in the city as a result
Chicago’s fix for a $1.2 billion 2021 budget shortfall and remaining 2020 COVID-19 pandemic tax wounds count on $948 million of relief through a $1.7 billion refinancing and restructuring of general obligation and Sales Tax Securitization Corporation debt. Chicago Mayor Lori Lightfoot’s proposed 2021 budget totals $12.76B when counting all funds, including a $4 billion
“The face mask, by the way, helped the thief remain unidentified, facilitating his crime and encouraging others to do the same under the guise of…” by Ethan Huff of Natural News (Natural News) A Walgreens store located at the corner of Van Ness and Eddy in San Francisco is closing down forever after being repeatedly targeted by
Wall Street stock indexes are edging up slightly as investors are gauging the prospect for Congress to pass a new fiscal stimulus package before the November 3 US election. The tech-heavy Nasdaq Composite Index and the S&P 500 Index are gaining both by about 0.4%. The Dow Jones Industrial Average is advancing 0.1%. Electric vehicle
Jen Van Santvoord rides her Peloton exercise bike at her home on April 07, 2020 in San Anselmo, California. Ezra Shaw | Getty Images Check out the companies making headlines after hours Wednesday. Tesla — The electric car maker’s stock popped 3% after Tesla reported third-quarter earnings and revenue that topped analysts’ expectations at 76
by Ryan McMaken of Mises Institute In an article last week for the Financial Times, Richard Milne examined the issue of Sweden’s “dissent” when it came to policy responses to the spread of covid-19. The article is essentially a hit piece on Sweden, containing all the usual strategies of portraying the Scandinavian nation as an irresponsible outlier. Sweden, of course, famously
Malaysia’s vast tropical jungles are becoming a big tourist draw, but expats cluster around its two biggest cities: Kuala Lumpur and George Town, both on the west coast of the Malay Peninsula. George Town is an island city just across a channel from the mainland, and it is a big draw when expats living in
Whatever the outcome, the November presidential election promises to bring a period of uncertainty and volatility to the markets. However, equities are still your best long-term bet, two experts said on Tuesday at the CNBC Financial Advisor Summit, a day-long virtual conference for financial advisors. After hitting fresh highs even during the Covid-19 crisis, stocks
Unrest spread across Lagos on Wednesday, as outrage escalated over a violent crackdown on peaceful demonstrators against police brutality that left at least 30 people injured and a dozen dead. There were reports of sporadic gunfire, burning buildings and armed gangs setting up makeshift checkpoints to extort money, the day after security forces shot at protesters
UK chancellor Rishi Sunak was facing cabinet unrest on Wednesday after he shelved plans to set out multiyear spending programmes for the rest of the parliament because of the chaos caused by Covid-19. Boris Johnson, prime minister, had hoped to use the three-year spending review to map out his post-pandemic “levelling up” agenda, but reluctantly
UBS reported a record pretax profit of $371 million for its Americas wealth management business, up 12% from the same period a year ago. The firm notched the growth even as headcount fell by a net 274 advisors to 6,353 for its Americas business. The figure includes advisors in Canada and Latin America, UBS reported
What feels better than watching Bitcoin (BTC) skyrocket on bullish mass adoption news? For hodlers, there aren’t too many events in life more satisfying than a trip to the moon… and now the rest of the world seems to be catching on. Bitcoin, it seems, is outstripping Sex. At least when it comes to Reddit
Custom made to order furniture is more accessible than ever. Emery Bastable/Society Social 2020 has been a year of collective realization about the importance of our living spaces and interior design. Not only are we all spending more time at home, but most of us are renovating, redesigning, and refreshing our spaces to fit the
Homebuyer demand is incredibly strong compared with last year, but there appears to be a slight pullback this month. A drop in buyer demand caused total mortgage application volume to fall 0.6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications to purchase a home fell 2%
Digital Yuan Giveaway: China’s Shenzhen City Hands Out 10 Million Yuan in Central Bank Digital Currency A major Chinese city is giving away 10 million yuan in the country’s central bank digital currency this weekend. Recipients can use their digital yuan at 3,389 stores next week. The city aims for the giveaway to boost usage
As a consultant to families with aging parents, I hear a lot about abuse of elders, particularly by family members. There are the “good son, bad son” stories and their counterparts of “good sister, bad sister” scenarios. In most cases, an adult child of an elder sees or hears about suspicious financial moves by someone
Nuveen’s John Miller, the biggest backer of Fortress Investment Group Inc.’s Brightline passenger railroad in Florida, had been skeptical of plans to forge ahead swiftly with a multi-billion dollar venture to build a second line running between Southern California and Las Vegas. But with the company now offering to buy back some of its Florida
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) - Take a look at my analytical daily bar charts for the 10 major mining/gold companies. El Dorado remains by far the
Since the start of 2020, the Federal Reserve has pursued an aggressive expansion of monetary policy amid the coronavirus, injecting trillions into… by Pavel Mordasov via Mises Since the outbreak of the coronavirus, the United States has experienced one of the most unprecedented economic interventions in all of its history. Since March and April both
Becton, Dickinson and Co. announced on Wednesday that its diagnostic test kit for both flu and Covid-19 detection has been cleared by European regulatory authorities. BD (BDX) said that the Viasure SARS-CoV-2 real time detection kit developed by CerTest Biotec, has received the European CE Mark. The kit allows BD MAX system users to run
by Charles Hugh-Smith Clearly, the Fed reckons the public is foolish enough to believe the Fed’s money will actually be “free.” It’s pretty much universally recognized that authorities use crises to impose “emergency powers” that become permanent. This erosion of civil and economic liberties is always sold as “necessary for your own good.” Of course the
Take a look at some of the biggest movers in the premarket: Verizon (VZ) – Verizon beat estimates by 3 cents a share, with quarterly earnings of $1.25 per share. Revenue was essentially in line with forecasts. Verizon also increased the bottom end of its full-year earnings guidance, and added more phone subscribers than analysts
An index mutual fund is a type of fund that invests all, or nearly all, of its total assets in securities comprising its underlying index. Index funds use passive investment strategies and thus tend to have low turnover and low expense ratios. Funds that implement indexing strategies require less portfolio management and active trading, which minimizes
Apollo Global Management has hired an outside law firm to review the longstanding professional relationship between its billionaire founder Leon Black and Jeffrey Epstein. The announcement by the private equity firm follows reports last week that Mr Black made at least $50m in payments to Epstein after he had been convicted in 2008 of soliciting