An employee pulls carts towards a Walmart store in Lakewood, California, July 16, 2020. Patrick T. Fallon | Bloomberg | Getty Images Boosted by fresh stimulus hopes, the markets have rallied this week. But the overall picture remains one of volatility and uncertainty. As yet no stimulus deal has actually been agreed, and with so
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EU regulators are drawing up a “hit list” of up to 20 large internet companies, likely to include Silicon Valley giants such as Facebook and Apple, that will be subject to new and far more stringent rules aimed at curbing their market power. Under the plans, large platforms that find themselves on the list will
Mayors in northern England have asked MPs across the region to force the government to improve the financial support offered to people and businesses hit by local lockdown measures and prevent tens of thousands of job losses. Paying people just 66 per cent of their salary to stay at home and offering small grants to
Janney Montgomery Scott hauled in a passel of new recruits in the third quarter managing a combined $860 million in assets. Most who signed on with the regional broker-dealer did so last month, according to the firm. The additions build on the firm’s successful recruiting efforts in the first half of 2020 when Janney hired
A football team in Cyprus won against its rivals after it allowed fans to use blockchain technology and fan tokens to vote on its match lineup and formation, taking fan engagement to a new level. Apollon FC, using fan token platform Socios.com, won in a friendly match against rivals Aris Limassol, Socios said in a
About 400,000 homeowners have fallen behind on their mortgage loans, despite eligibility for a … [+] payment-free forbearance plan. getty It seems there’s a communication issue with some of America’s struggling homeowners. According to a new report, around 400,000 U.S. homeowners have become “needlessly delinquent” on their mortgage loans, despite qualifying for a payment-free forbearance
Six stimulus packages have been proposed to provide second stimulus checks for Americans. The latest proposal came from the White House on Friday. Several stimulus bills are being discussed as Americans hope to soon receive another round of direct payments to help them through the coronavirus pandemic-led economic crisis. 6 Stimulus Packages Proposed With Second
Economic Security Planning, Inc. Today’s column addresses questions about how the earnings test is applied when a spouse has filed early, whether payments based on an ex’s non-covered pension will invoke the WEP, child benefits for children not in the record holder’s custody and exchange rates and foreign pensions. Larry Kotlikoff is a Professor of
Facing a sharp downturn in revenues due to the COVID-19 pandemic, the Oklahoma Turnpike Authority will create some fiscal breathing room with $371 million of refunding bonds. Upfront savings of $55.2 million will come in 2021, with $6.6 million available in 2022, according to the authority’s online presentation to investors. “Like many other toll roads
On Friday the S&P/ASX 200 Index (ASX: XJO) ended an incredible week with the smallest of gains. The benchmark index rose slightly to 6,102.2 points. Will the market be able to build on this on Monday? Here are five things to watch: ASX 200 expected to edge lower. The Australian share market looks set to start the
This ongoing correction is increasingly draining enthusiasm for this small contrarian sector, working to rebalance sentiment… by Adam Hamilton of Zeal LLC After soaring in a powerful upleg, the gold miners’ stocks have been grinding lower for a couple months now. This ongoing correction is increasingly draining enthusiasm for this small contrarian sector, working to
US state prosecutors are weighing whether to force Google to sell its dominant Chrome browser and parts of its lucrative advertising business as they are investigating the search giant for alleged antitrust violations, Politico reported. The US Justice Department and state prosecutors investigating Google (GOOGL) are considering the possibility as they are gearing up for
by Ian56 86% of UK positive PCR tests between April and June displayed no symptoms. Because they had insufficient viral load to be infectious, or they had been exposed to the virus but had now recovered and were immune, or because it was a false positive from a procedural / lab error or other cause.
Republican President Donald Trump and his Democratic challenger Joe Biden will square off for two nationally televised debates beginning Tuesday, Sept. 29. Current Republican Vice President Mike Pence and Democratic Vice Presidential Candidate Kamala Harris had their one and only debate on Wednesday, Oct. 7. General Rules The Commission on Presidential Debates (CPD), sponsor of
An animation shows Dream Chaser and its Shooting Star cargo module in orbit around the Earth. Sierra Nevada Corporation Sierra Nevada Corporation is best known as a private aerospace and national security contractor – but the company is investing heavily in its space systems division, especially as it sees NASA and other companies building infrastructure
The Vatican has sold charitable assets to pay down a €242m loan that was partly used to fund a luxury London property development it says caused the Catholic Church “huge losses”, people with direct knowledge of the loans said. The loan provided by Credit Suisse was secured against a portfolio of securities that the Holy
Paradigm shifts happen slowly, then all at once. Covid-19 has shown us this. Climate change has too. Pandemics and global warming are linked. So are rising flood waters, violent hurricanes and recent wildfires in California that threw up enough smoke to darken east coast skies. Business is usually ahead of government on coping with change.
UBS picked up a trio of ex-Wells Fargo advisors managing more than $400 million in client assets, the firm said. The new hires joined from two locations: Irvine, California and Los Angeles. The wirehouse has reduced its recruiting efforts and its headcount has trended downward in recent years, but it continues to selectively recruit advisors
Getty There was history underfoot at Vermont’s Marlboro College. Tucked away in the Green Mountains, the nonprofit institution founded at the end of World War II held its first graduation in 1948. Robert Frost read a poem at the ceremony and Life Magazine printed a picture of its lone alum: a former rifleman named Hugh
American Economist Stephen Roach: ‘U.S. Dollar in the Early Stages of Sharp Decent’ American economist and former chairman of Morgan Stanley Asia, Stephen Roach said on Sunday that he believes the U.S. dollar will “crash faster and harder.” Roach said similar statements during an interview back in June, and his latest commentary stresses … read
getty Should the forgotten parts of the market be ignored, or does opportunity knock? Is it a stock market, or a market of stocks? So goes the old Wall Street expression. In our sound-bite lives, even an observant investor could be excused for not realizing how uneven the returns have been among the 11 sectors
Perhaps as a sign of the contentious election, many views about how the results will affect the nation and the economy have emerged. Some question whether the results will be clear-cut or throw the country into crisis. “While we believe the election is unlikely to impact the overall direction of the markets, there will likely
Share Now: KATHMANDU, OCTOBER 10 The price of precious metals bobbed during the trading week of October 4 to 9, but eventually recorded gain over the review period as optimism over more federal fiscal aid pushed the stock market and gold higher at the end of the week. The rate publicised by the Federation of
Volume, however, is still light… submitted by Morris Hubbartt Super Force Signals A Leading Market Timing Service We Take Every Trade Ourselves! Email: [email protected] [email protected] Here are today’s videos and charts. The videos are viewable on mobile phones as well as computers. Double-click to enlarge the charts. SFS Key Charts, Signals, & Video Analysis SF60
The coronavirus pandemic has crushed many industries but has favorably impacted work-at-home tech stocks due to the accelerated need for digitization and remote services and solutions during the crisis. The rapid shift to stay-at-home and learn-from-home trends coupled with a rise in internet usage has boosted demand for laptops, tablets and cloud services since the
Known primarily for student loans, Sallie Mae got its start in 1973 as a government entity specifically servicing federal student loans. After it went through the process of cutting ties with the federal government between 1997 and 2004, Sallie Mae became a publicly-traded consumer bank. Though private student loans are still part of its menu
The Hong Kong asset management association has warned that a Brexit-related overhaul of the EU’s retail fund rules could have the unintended consequence of undermining the dominance of European funds in Asia. Sally Wong, chief executive of the HK Investment Funds Association, said any move by the EU to unpick the outsourcing model on which
I have been lucky to have worked with a lot of clever, funny people and I thought of them all last week as I watched Boris Johnson make an online speech to his Conservative party’s virtual annual conference. There he stood, hands air-jabbing, hair skew-whiff, as he grumbled about having to talk to a camera
The nation’s largest independent broker-dealer scored a massive recruiting grab in the bank channel, its second in the past four months. BMO Harris Financial Advisors — the retail brokerage and advisory business for the U.S. arm of the Bank of Montreal — will affiliate with LPL Financial by mid-2021, the firms announced on Oct. 8.
Charleston, South Carolina saw median listing prices rise 14.4 percent getty Housing prices aren’t coming down anytime soon according to realtor.com. In its latest housing report, the take-away is housing prices around the country remain at record highs as we move towards year-end. The U.S. median home price hit $350,000, a 12.9 percent year-over-year increase.