Getty Images Borrowers need not pay interest at the otherwise applicable six months after loan date. Most PPP borrowers are aware that they will not pay interest on loans that are eventually forgiven by reason of paying expenses that are eligible to cause forgiveness. The promissory notes signed by most PPP borrowers have provided that
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Victims of Flint, Michigan’s water contamination crisis are suing the underwriters of bonds sold in 2014 to finance a new water pipeline built to serve the city and surrounding area. The lawsuit filed Wednesday in the U.S. District Court for the Eastern District of Michigan seeks up to $2 billion in damages from JPMorgan Chase
Silver 4 Hour Price Update Updated October 09, 2020 03:17 AM GMT (11:17 PM EST) The back and forth price flow continues for Silver, which started the current 4 hour candle off at 23.825 US dollars, down 0.06% ($0.02) from the last 4 hour candle. Relative to other instruments in the metals asset class, Silver
Is a unilateral cancellation of a presidential debate in the heat of an election a form of rigging the vote? by Daniel McAdams and Ron Paul of Ron Paul Liberty Report The Commission on Presidential Debates unilaterally – they claim – decided that there can be no more presidential debates in person so the next
Ready, set, launch. After much anticipation, Apple (AAPL) announced that its iPhone 12 launch will take place virtually on October 13, with the phones becoming available for purchase in late October. Weighing in on the development for Wedbush, 5-star analyst Daniel Ives sees a spike around production and pent up demand for the lineup of
Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles on Oct. 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images Check out the companies making headlines after the bell Thursday: GenMark Diagnostics — GenMark shares popped more than 4% after
by Lance Roberts In this past weekend’s missive “Trump Infects Markets Bounce,” we discussed even though the market had bounced off support, we still consider it a “sellable rally,” for now. The comment generated quite a few emails, mainly since we also discussed that markets are generally positive in election years. To wit: “Lance, I am confused.
The global markets are really just one big interconnected web. We frequently see the prices of commodities and futures impact the movements of currencies, and vice versa. The same is true with the relationship between currencies and bond spread (the difference between countries’ interest rates): the price of currencies can impact the monetary policy decisions
Morgan Stanley CEO James Gorman has just completed a pivot that began more than a decade ago. With the announcement Thursday that Morgan Stanley is acquiring investment manager Eaton Vance for $7 billion, Gorman is adding heft and scale to the smallest of the New York-based bank’s three main businesses: the manufacturer of mutual funds
David Keohane in Paris France has moved another four towns into a state of “maximum alert” against the Covid-19 pandemic, closing bars and imposing strict rules in restaurants as cases climb and hospitals come under increasing strain. “The health situation unfortunately continues to deteriorate in France,” said French health minister Olivier Veran on Thursday during
The experimental drug that Donald Trump said cured him of coronavirus was tested using cells originally derived from an aborted foetus — a practice his administration has tried to restrict. The cocktail of antibodies made by the US company Regeneron was tested on cells from the HEK293T cell line, which was developed from stem cells
The future of advice regulation could be on the ballot as the presidential election heads into the final stretch, according to fiduciary advocates and industry groups. To be sure, neither President Donald Trump nor former Vice President Joe Biden is campaigning on how their SEC or Department of Labor would regulate investment advisors and brokers,
Despite an uneventful month for Bitcoin (BTC) price, on-chain metrics suggest that Bitcoin may be gearing for an imminent bull run. Noticeably, the number of Bitcoin held on spot exchanges has been decreasing since the start of the year, according to data from on-chain analytics firms, CryptoQuant, and glassnode. Crypto analyst, Willy Woo, noted that
Brooklyn is foundational to NYC’s recovery. Ariel Property Advisors On September 22, Industry City’s proposed rezoning and expansion joined Amazon HQ2 in Queens as another major multi-faceted neighborhood development to be scrapped after community opposition and a lack of support from local officials. These reversals of fortune for major developments represent a sea change in
People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images Anyone out hunting for a house knows that bidding wars are no longer the exception, but the rule. Demand for housing has been unusually strong, due to the coronavirus pandemic, and
On Wednesday morning (ET), around 2,034 BTC ($21.6 million) from the 2016 Bitfinex hack moved into a few unknown wallets. The action was caught by the Btcparser program as five transactions with around 400 BTC each moved for the first time in four years. On August 2, 2016, the popular digital currency exchange Bitfinex was
WASHINGTON, DC – OCTOBER 08: Speaker of the House Rep. Nancy Pelosi (D-CA) during the Weekly News … [+] Conference on Capitol Hill on October 08, 2020 in Washington, DC. Pelosi spoke on the uncertainty around negotiations of another emergency COVID-19 relief package. (Photo by Tasos Katopodis/Getty Images) Getty Images Will President Trump put together
The coronavirus pandemic, urban unrest, budget strife and climate volatility have widened the scope of crisis management. In the fourth and final podcast segment of our Future of Cities series, University of Illinois at Chicago public affairs dean Michael Pagano examines factors at play, including a deep national divide. Paul Burton hosts. (15 minutes)
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) – Agnico Eagle Mines Ltd. continues to see potential in Quebec’s prolific Northern mining belt as it invests C$6.2 million in a junior
The Analysis And Discussion Provided On Silverdoctors Is For Your Education And Entertainment Only, It Is Not Recommended For Trading Purposes. The Doc Is Not An Investment Adviser And Information Obtained Here Should Not Be Taken For Professional Investment Advice. The Commentary On Silverdoctors Reflects The Opinions Of The Doc And Other Contributing Authors. Your
After a volatile September, the roller coaster hasn’t ended in October. We had a pleasant surprise for investors, when S&P 500 climbed back above 3,400 to start the month. However, markets didn’t like President Trump’s COVID diagnosis, and the resulting drop. The President is out of the hospital, but now the White House and Congressional
Take a look at some of the biggest movers in the premarket: IBM (IBM) – IBM said it would spin off the managed infrastructure services unit of its global technology services division into a separate public company, to allow it to focus on its hybrid cloud growth strategy. The spin-off will be accomplished through a
by Gatorm8 Before everyone starts yelling at me to gtfo with my bear thesis let me start off by saying this is purely for discussion purposes. I made a comparison and I want to hear others thoughts on it. If it ends up behaving the same way, cool, if it doesn’t it, well it wouldn’t
Bonds are often considered to be plain and boring when compared to equities. This may be the case, but bonds can provide a level of stability that equities, due to their volatility, generally can’t match. This is especially true of bond funds, which can provide a safe and stable source of income as well as
A pedestrian wearing a protective mask carries a Converse Inc. shopping bag while waiting to cross a street in the Soho neighborhood of New York, on Thursday, Aug. 6, 2020. Nina Westervelt | Bloomberg | Getty Images Americans are saving more than ever during the pandemic, and Morgan Stanley says it may be enough to
Donald Trump has said he will not take part in the second US presidential debate after the independent commission that sets debate rules announced it would be held remotely because of coronavirus concerns. “I’m not gonna waste my time on a virtual debate,” the US president said in an interview with Fox Business Network on
Futures contracts signalled US stock markets were heading back towards the record highs they reached this summer, as investors bet on a fresh government bailout for the world’s largest economy after the November presidential election. Contracts that wager on the future direction of the S&P 500 rose 0.6 per cent, while those on the technology-focused
A former Commonwealth Financial Network advisor allegedly steered millions of dollars from clients to himself over 20 years of deception in a practice near the firm’s headquarters. Gerald A. Eaton forged signatures, made false representations to Commonwealth and insurance companies and even used an account under his wife’s first name and a fake last name
Revolution Populi has released layer one of a blockchain solution that the founding team believes could be used as a clearinghouse for crypto and traditional financial transactions. The protocol iterates over the delegated proof-of-stake consensus used by EOS, which employs 21 block producers. Revolution Populi calls its consensus rdPOS, where ‘r’ stands for random. The number
The shingled cottage is an iconic piece of Hamptons life. ©️Gavin Zeigler The Springs peninsula reaches northward from Amagansett towards Gardiner’s Island, an especially lovely part of the Hamptons. Beyond here, Long Island terminates at Montauk. This is where noted actress Kim Cattrall bought a waterfront house in 1998, just as her hit HBO series, Sex