When Microstrategy Inc. bought $425 million bitcoin in the last two months, the decision became an important stamp of institutional approval of the top crypto’s credentials as a mature, safe-haven asset. The American technology firm had just made bitcoin its primary reserve asset to hedge against fiat inflation. Now, it appears major global companies are
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When public finance banker James Cervantes decided to pull the trigger on retirement, he had to let go of his plan for a big retirement party to say goodbye to long-time colleagues. Cervantes was a Stifel California managing director and ran Stone & Youngberg, acquired by Stifel in 2011, for a time. He also chaired
The previous discussion makes clear that the parameters offered by an FIA (floors, participation rates, caps, spreads, and buffers) will depend in large part on the level of interest rates and the cost of financial derivatives for the associated index. Higher interest rates mean that principal can be protected with less assets, which then leaves
Whether President Trump’s 180° reversal from his position a few days ago was an intended moved to properly posture himself and gain an edge for negotiations with Nancy Pelosi, or whether he simply changed his mind, is something only Donald Trump knows. Earlier this week President Trump announced that he will no longer negotiate with
The Fed risks that inflation will get out of control… by Arkadiusz Sieron of Sunshine Profits They say that time travels are impossible. But we just went back to the 1960s! At least in the field of the monetary policy. And all because of a new Fed’s framework. So, please fasten your seat belts and
Vaccine specialist and COVID-19 antagonist Moderna (MRNA) had a busy Thursday, issuing press releases and holding conference calls to discuss what it had said in the press releases already. Three major subjects for discussion were covered over the course of the day, and in a note updating investors on its opinion of Moderna, JPMorgan analyst
Summary What is already known about this topic? Communities have faced mental health challenges related to COVID-19–associated morbidity, mortality, and mitigation activities. What is added by this report? During June 24–30, 2020, U.S. adults reported considerably elevated adverse mental health conditions associated with COVID-19. Younger adults, racial/ethnic minorities, essential workers, and unpaid adult caregivers reported
First mover advantage is a term used to describe the benefits of being the first company into a market segment. This can be used to describe a whole company or a particular product or service offering. In this article, we’ll look at how first mover advantage works and what it can mean for a company.
Donald Trump marked his return to public rallies on Saturday with a speech from the White House balcony in which he attempted to put his hospitalisation for Covid-19 behind him and appeal to black and Latino voters. “I’m feeling great,” he declared to hundreds of supporters on the South Lawn wearing “Back the Blue” tops
Nancy Pelosi, the Democratic speaker of the House of Representatives, has rejected a higher $1.8tn fiscal stimulus offer from the White House, dashing hopes of a breakthrough in the negotiations. In a letter to Democratic lawmakers on Saturday, Ms Pelosi said the Trump administration’s latest proposal marked “one step forward, two steps back” and there
Surprises abound in this year’s RIA Leaders ranking. At the outset, we expected planners would tell stories about their struggles: coronavirus, shuttered offices, economic turmoil, jittery clients. But that’s not what they focused on. “It was surprising to hear how many positives advisors see in a very tumultuous year,” contributing writer Kenneth Corbin tells me.
New Study Predicts Gloomy Economic Times Ahead For Americans getty With unemployment sky rocketing as a result of Covid-19, there has been a corresponding rise in evictions and mortgage defaults. A new study from Washington University in St. Louis’ Olin Business School of the loan-to-value ratios in the wake of the 2008 financial crash issues a
US Senate Candidate Is a Hodler, Sees Bitcoin as Alternative Store of Value to US Dollar US Senate candidate Cynthia Lummis is pro-bitcoin. She bought her first bitcoin during her time in Congress. Now she calls herself a hodler and sees the cryptocurrency as a viable alternative store of value to the US dollar. Bitcoin
Puerto Rico Oversight Board member Arthur Gonzalez became the fourth original board member to step down on Friday. On Wednesday President Donald Trump appointed Justin Peterson to sit on the board. Effectively, this ended González’s tenure on the board unless a member of the Congressional leadership recommended him to the president. González’s announcement Friday seals
getty I often write about people who are having difficulty getting the benefits they are due from the Social Security Administration and today, I bring you the story of Sarah Bliner from Livingston NJ. Sarah lives at 17 Stonewall Drive, Livingston, NJ 07039. Her home phone is 973-5330635. Her cell is 973-477-5948. Her email is
image credits: indianexpress Bhubaneswar: Gold becomes more expensive in Odisha’s capital Bhubaneswar on Saturday. Today, gold recorded Rs 52,820 for 24 carat per 10 grams while 22 carat per 10 grams recorded Rs 48,420. On Friday, gold recorded Rs 52,360 for 24 carat per 10 grams while price of 22 carat recorded Rs 48,000 per
We are woefully unprepared for a long run of bad luck… by Charles Hugh Smith via Of Two Minds We are woefully unprepared for a long run of bad luck. Long-term cycles escape our notice because they play out over many years or even decades; few noticed the decreasing rainfall in the Mediterranean region in 150
It is well known by now that Amazon (AMZN) has benefited immensely from COVID-19, drawing in new customers who prior to the viral outbreak had no experience of the e-commerce world. However, with the outsized demand has come the need to increase the workforce. Before the summer, Amazon hired an additional 100,000 workers and last
A dominant global financial center has international connectedness, diversity, and expertise in a variety of financial products and services. The Z/Yen Group, a London-based commercial think tank, publishes the Global Financial Centres Index (GFCI) every six months to provide a ranking of the world’s top financial centers according to their levels of international competitiveness. Below is a summary of
It took Donald Trump to persuade Almedia Gilliam to finally vote. Ms Gilliam, a 72-year-old black woman from south Philadelphia, had never done so before. But her enmity for the US president, who she suspects is a Ku Klux Klan sympathiser, is such that she is planning to cast her first ballot next month —
Nelson Peltz speaking at the 2019 Delivering Alpha conference in New York on Sept. 19, 2019. Adam Jeffery | CNBC Company: Invesco Ltd. (IVZ) Business: Independent investment management company. Invesco provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. Its
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. With the government set to announce on Monday that many hospitality businesses in Merseyside, and possibly elsewhere, must
Between the upcoming presidential election and the COVID-19 pandemic and its attendant stimulus packages, this year has seen more than its share of uncertainty around tax — which makes helping clients with year-end planning all the more crucial. “Year-end tax planning is more important than ever this year,” said Renato Zanichelli, national managing partner of
Antivirus software pioneer John McAfee, the founder of McAfee Associates — the company that released the first commercial antivirus software, McAfee VirusScan, in the late 1980s, contributing to the birth of multibillion-dollar industry — was indicted on five counts of tax evasion and five counts of willful failure to file a tax return, which could
To Wall Street and many home builders, their business is moving units, turning inventory, generating margins of return on invested capital. To a strong, deep, and seemingly enduring stream of buyers, those teeming transactions are something else: home, livability, well-being, a place to prosper. New home buyers are ante-ing up in droves to solve a
With a second stimulus check due, now is the time to start thinking of your financial future, with the opportunity to buy bitcoin at a time when many people are predicting its continued rise in its value. You may have already seen a Bitcoin of America ATM in a local store and been impressed by
The last time I put a presidential campaign sign in my front yard was 2004. We lived on a small court, and we had just moved in that September. One of our neighbors was another young couple, but the other two families had lived there since the houses were built in 1960. My political convictions
For five decades, Florida-grown Bryant Miller Olive PA has practiced public finance law across the Sunshine State and the Southeast. BMO’s practice areas also include state and local government law, complex transactions, project finance, and litigation. The offices of Bryant Miller Olive celebrated the firm’s 50th anniversary at a retreat in January.BMO The firm turned
Gold Rate Today: Spot rate closed at Rs 50,878 per 10 grams, according to industry body IBJA Gold Price In India: Domestic gold and silver prices jumped on Friday tracking global precious metal rates as the dollar retreated to a near three-week low and increased bets for fresh US stimulus pushed investors to bullion as a
This is the most consequential election of our lifetime… by Jim Rickards via Daily Reckoning There’s less than a month until Election Day. Once the votes are in, the die will be cast for the next four years, perhaps longer. Trump or Biden? The difference could not be more clear, and the stakes could not