A new report by Bitstamp and Bytetree says bitcoin responds better to the rising money supply, rising real interest rates and a strong economy. This is in contrast to gold which appears to perform better when real interest rates are falling while inflation is rising. To support these findings, the report points to the collapse
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Is maxing out your 401(k) enough? For high earners, only saving up to the annual IRS contribution … [+] limit may not be enough to meet spending needs in retirement. getty Is maxing out your 401(k) enough? When saving for retirement, you’ll want to find out what level of income your current contributions could provide
Municipal issuers have a market in which to sell their bonds even if they are coming at a bit of a premium relative to lower yields experienced in August and September and a weaker U.S. Treasury market. New York City priced $1 billion of general obligation bonds for institutions on Wednesday after a two-day retail
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) – Price action in gold and silver has been subdued leading into the US open. Gold trades 0.26% higher but seems
All official central bank gold-reporting data is accurate and complete? Central banks have no secrets about the monetary metal, and they sometimes… by Chris Powell of the Gold Anti-Trust Action Committee (GATA) With its report below the Financial Times assumes today that all official central bank gold-reporting data is accurate and complete, that central banks
Shares of Sirius XM Holdings gained 4.6% on Wednesday after Bloomberg reported that the company is nearing a contract renewal with its star podcaster Howard Stern. The satellite radio services provider’s contract with Stern is set to expire in December this year. According to the report, Sirius XM (SIRI) would pay about $120 million a
Take a look at some of the biggest movers in the premarket: Levi Strauss (LEVI) – Levi Strauss reported quarterly earnings of 8 cents per share, compared to expectations of a 22 cents per share loss. The apparel maker’s revenue also beat Wall Street forecasts, helped by a 52% jump in online sales. United Airlines
by confoundedinterest17 Policy makers agreed at the meeting to hold rates near zero until the labor market reached maximum employment, and inflation reached 2% — and was on track to moderately exceed that goal for some time. Forecasts also released on Sept. 16 showed officials didn’t expect the economy to reach those targets until 2023 or 2024, as it
For years, in the wake of the 2008 financial crisis, the Federal Reserve kept interest rates at record lows. Then, in 2015, it announced a policy to gradually raise the federal funds rate – the benchmark for the prime and other consumer interest rates – as the U.S. economy strengthened. And so it did. In
Mike Pence and Kamala Harris clashed over Donald Trump’s response to coronavirus pandemic during their vice-presidential debate on Wednesday night, with the Democratic challenger accusing the president of “the greatest failure” in the history of the office. In contrast with last week’s chaotic presidential debate, Mr Pence, the incumbent, and Ms Harris, a California senator,
SINGAPORE — With uncertainty looming over the upcoming U.S. elections in November, JPMorgan Asset Management’s Patrik Schowitz says investors should look past the “noise” and focus on the medium term instead. “On a six month view, you know, we think the cyclical view matters much, much more than … the exact noise and shenanigans around the
A week after the combustive stand-off between Donald Trump and Joe Biden, vice-presidential nominees Mike Pence and Kamala Harris took to the stage on Wednesday evening for a more sedate debate. Mr Pence attempted to change the narrative following Mr Trump’s widely-criticised debate performance last week and the president’s recent hospitalisation with coronavirus. Ms Harris
Home to nearly $260 billion in assets, the 20 ETFs with the biggest gains of the decade had an average return of nearly 20%, according to Morningstar Direct data. In a year defined by coronavirus-driven market volatility, the same funds have continued to outperform with gains more than four-times their peers. For comparison, the SPDR
International accounting firm KPMG has unveiled its blockchain based Climate Accounting Infrastructure (CAI) solution to help organizations measure, report, and offset their greenhouse gas emissions. CAI uses blockchain to securely store environmental data in a financial system as part of organizations’ climate risk assessments and asset valuations. It aims to help companies meet environmental, social,
JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, April 9, 2019. Jeenah Moon | Reuters JPMorgan Chase is making a $30 billion commitment it says will help address U.S. wealth inequality, especially in traditionally underserved Black and Latino communities. The bank’s pledge is a
In two or three years, when New York is fully New York again, today’s buyers will feel confident … [+] that these purchases represented smart, future-oriented thinking. Getty Are there actual people of means who are NOT running from New York as fast as they can? With no theater, no concerts, little indoor dining at
Tether’s Stablecoin Dominance Drops Below 80% as Audit Controversy Lingers On The total volume of stablecoins in circulation is closing in on the $20 billion mark, while the market-leading coin, USDT’s share of the total circulating supply continues to shrink, data from Coinmetrics shows. According to the data, USDT now accounts … read more. New
getty Covid ruined everything. It abruptly halted a humming economy. Worse, it cost many their jobs as state governments shuttered entire industries. Congress, in an attempt to stave off immediate cash flow short-falls, passed the CARES Act hoping to help those who lost income as a result of these shut downs. As with all good
Key Puerto Rico bondholders asked the court to set plan of adjustment deadlines for the Puerto Rico Oversight Board to meet. Four groups of investment funds filed the joint motion Tuesday night in the U.S. District Court for Puerto Rico, which is handling the bankruptcy. The litigants in Tuesday’s motion are the Lawful Constitutional Debt
[embedded content] Gold has traded sideways for the last few weeks, but the price action is forming a bottom, said Frank Holmes, CEO of U.S. Global Investors. Despite market volatility ahead of the November presidential election, Holmes maintains his $4,000 price target. “The bottom that you’re seeing in gold is like a perfect Miami beach
Yesterday’s declassification is an explosive development in the four year “Russiagate” scandal… by Daniel McAdams and Ron Paul of Ron Paul Liberty Report Yesterday’s declassification of then-CIA Director John Brennan’s hand-written notes on Hillary Clinton’s alleged invention of a Trump-Russia scandal to distract from her own private email server scandal is an explosive development in
We are now into 2020’s final quarter and signs the aviation industry’s miserable year might be on the cusp of a turnaround are few and far between. On Tuesday, A&D giant Boeing (BA) reduced its long-term forecast for commercial jet demand. Specifically, Boeing cut its demand expectations by 11% from 2019’s forecast, estimating that over
Traders wearing masks on the floor at the New York Stock Exchange. Brendan McDermid | Reuters A fiscal stimulus package is the one thing that could put the stock market on an upward trajectory into the election, but some strategists say the odds of that happening are still rather low. President Donald Trump, within hours
by Martin Armstrong COMMENT: meine bank – volksbank düsseldorf-neuss – hat mir mein laufendes konto gekündigt,weil ich mich geweigert habe, eine maske zu tragen und zwar imvorraum der filiale, wo sonst niemand war!ich hatte mein med. attest vorgezeigt und daher keine maske getragen.ich bin kunde und teilhaber der genossenschaftsbank seit 1977 und hatteauch viele jahre mein
So you want to start a hedge fund. These alternative investments use pooled funds and a variety of strategies to achieve returns for investors. They are generally formed to identify and take advantage of specific investment opportunities, many of which come with a great deal of risk. But how do you go about setting yourself
CNBC’s Jim Cramer on Wednesday warned investors not to buy or sell stocks based on what President Donald Trump tweets. The “Mad Money” host cites Tuesday afternoon’s tweets from Trump ending broad stimulus talks, which sank stocks, and then Tuesday night’s tweets supporting a piecemeal approach, which boosted stocks. “This is what happens if you invest by
Google faced sceptical questioning from US Supreme Court justices on Wednesday over its claim that code it copied from rival Oracle is not protected by copyright, in a case that many experts have warned could have far-reaching effects on competition in the tech industry. However, the justices appeared to show more sympathy with Google’s argument
US stocks gained ground on Wednesday after President Donald Trump suggested a new stimulus bill, although the chances of lawmakers agreeing to a deal before the election appeared to fade. The S&P 500 index closed 1.7 per cent higher and the tech-focused Nasdaq Composite gained 1.9 per cent, as the indices recovered from falls on
In an era of free trading and index-based investing, helping clients with taxes is an increasingly important service for advisors to demonstrate their value to investors. And to do it, firms are now arming advisors with new technology to manage portfolios with greater tax efficiency. The latest example: J.P. Morgan Asset Management has partnered with
Cryptocurrency derivatives exchange BitMEX has not played ball by U.S. regulatory rules, which hurts the crypto industry as a whole, according to David Carman, a former veteran Chicago Board Options Exchange trader. Carman currently helps head up a Chicago-based global crypto regulatory association, seeking to bring regulatory clarity to the industry. “If they’re not going