Halting stimulus talks could have sweeping effects for American renters. getty President Trump’s recent waffling on potential stimulus efforts could have sweeping effects for American renters. According to a new report from public policy think tank the Urban Institute, about 5.3 million renter households are dealing with a job loss. Though state unemployment helps, a
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Congress has been urged to pass a stand-alone stimulus bill to immediately provide Americans with second stimulus checks of $1,200 after talks of approving a larger stimulus package of $2.2 trillion have stalled. New Stimulus Bill for $1,200 Direct Payments to Americans U.S. President Donald Trump is calling on Congress to quickly pass individual coronavirus
getty We’ve been in a retirement crisis for a long time. Way back in 1992, an Atlanta Journal-Constitution article warned that “[w]ith savings rates down, the future of Social Security in question and traditional plans going the way of the eight-track tape, experts say there’s a retirement crisis looming in America.” A non-stop drumbeat of
Federal Open Market Committee members agreed the economy was recovering “faster than expected,” while business investment appeared to be rebounding, but they saw the overall gain as “uneven.” “In particular, with the reopening of many businesses and fewer people withdrawing from social interactions, consumer spending was rebounding sharply and appeared to have recovered about three-fourths
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) Gold remained steady below $1,900 an ounce after the Federal Reserve released its September meeting minutes, which revealed that many officials assumed more
With the recent correction in gold and silver, many investors are wondering if the rally is over in the precious metals. Have we already seen the highs? Louis James with Chris Marcus on Arcadia Economics With the recent correction in the gold and silver markets, many investors are wondering if the rally is over in
Shares in Kindred Biosciences are jumping 12% after the company announced an expanded manufacturing agreement for Vaxart’s oral COVID-19 vaccine as well as other vaccine candidates. Vaxart is up 4%. Kindred (KIN) said that under the terms of expanded agreement, its subsidiary Centaur Biopharmaceutical Services, will be responsible for scaling COVID-19 clinical trial material into
So now we know. Hillary was behind it. Obama gave the order. The only question now is what our side will do with this information. Will we merely talk about it or will someone bring out the indictments and the handcuffs? #ObamaGate — Dinesh D’Souza (@DineshDSouza) October 7, 2020 h/t deepyheade
Check out the companies making headlines in midday trading. SunPower — Shares of the solar company jumped more than 13% to a new 52-week high after Piper Sandler initiated coverage on the stock with an overweight rating. The firm called SunPower a “favorite idea,” noting that it has “a path toward generating positive operating cash
Working capital assesses a company’s ability to pay its current liabilities with its current assets, giving us an indication of the subject’s short-term financial health, capacity to clear its debts within a year, and operational efficiency. Working capital represents the difference between a company’s current assets and current liabilities. The challenge here is determining the proper category for the
An artist’s depiction of Momentus’ Vigoride spacecraft deploying satellites. Momentus Stable Road Capital will take space transportation specialist Momentus public through a SPAC deal that values the company at $1.2 billion, the firm announced on Wednesday. The acquisition is expected to close early next year, with Momentus to be listed on the Nasdaq under the
A sprawling investigation into controversial digital marketing firm Cambridge Analytica and its associate company SCL has found no evidence that it misused data in an attempt to influence the 2016 Brexit referendum or help any Russian intervention in political processes. The three-year probe by the UK Information Commissioner’s Office has been described by the authority as
Poland’s competition watchdog has fined Russia’s state-controlled gas giant Gazprom 29bn zlotys (€6.5bn) for going ahead with the construction of the Nord Stream 2 pipeline without securing its approval. The pipeline will double Moscow’s capacity to ship gas directly from Russia to Germany but is fiercely opposed by Poland and other central European states that
Wilmington Trust, the wealth management arm of M&T Bank, is extending its hiring spree and considering acquisitions of RIAs. Wilmington is open to “targeted” purchases of RIAs in key markets, though it’s not currently in talks with specific firms, said Doris Meister, the company’s head of wealth management. It also plans to expand services to
Australian-based blockchain company ShareRing has partnered with Tripadvisor experience marketplace Viator to allow users to pay for almost 400,000 tourism experiences with a variety of cryptocurrencies. The ShareRing platform, built on Tendermint, will allow users to book, register, and pay for Viator’s 395,000 global activities and experiences, using local fiat currencies or major crypto assets,
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Mortgage rates moved even lower last week after setting multiple record lows in recent months, spurring more borrowers to call their lenders and apply for a refinance, but homebuyers
Breegan Jane revels in the design-build process Courtesy of Breegan Jane on behalf of Trane Residential California native Breegan Jane is an interior designer, owner of an eponymous design-build firm, and, among other media turns, the new designing face of HGTV’s recent reboot of “Extreme Makeover: Home Edition.” She sees the ongoing Corona virus pandemic
According to the Federal Reserve Chairman, Jerome Powell, the road to economic recovery is far from over and the Covid-19 pandemic has fueled the tragedy. During his speech at the National Association for Business Economics annual meeting, Powell highlighted that the federal budget was essentially a disaster, but stressed that “now is not the time
PARIS, FRANCE – FEBRUARY 12: In this photo illustration, a visual representation of the digital … [+] Cryptocurrency, Bitcoin is displayed in front of the Bitcoin course’s graph on February 12, 2020 in Paris, France. The price of Bitcoin is rising and has once again passed above the very symbolic bar of 10,000 US dollars.
Michigan hits the market this week with $884 million of tobacco bonds in a refinancing designed to avert looming defaults. The Michigan Finance Authority plans to price the tobacco settlement asset-backed bonds Thursday. Jefferies is the lead manager. Citi, JPMorgan, Multi-Bank Securities, and Ramirez & Co. round out the syndicate. PFM Financial Advisors LLC is
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) – Gold is trading 0.57% higher leading into the US open and this comes despite the US President cancelling fiscal stimulus
The Deep State has a way of dealing with troublemakers… by John Whitehead via The Rutherford Institute “You gotta remember, establishment, it’s just a name for evil. The monster doesn’t care whether it kills all the students or whether there’s a revolution. It’s not thinking logically, it’s out of control.”—John Lennon (1969) John Lennon, born 80
Shares of ChromaDex Corp. jumped 27.5% on Tuesday after the biotech company reported some positive data from its COVID-19 Phase 2 study that involves its nicotinamide riboside (NR) – an anti-ageing supplement. ChromaDex (CDXC) said that the Phase 2 trial showed that patients with mild-to-moderate COVID-19 “experienced a 29% reduction in recovery time when receiving
Take a look at some of the biggest movers in the premarket: Southwest Airlines (LUV) – Southwest is asking its employee unions to agree to pay cuts, in return for not furloughing or laying off employees through 2021. Non-union salaries will be cut by 10% until the beginning of 2022. Cisco Systems (CSCO) – Cisco
Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of financial products and technology. Since 2009, when mobile apps became mainstream, robo-advisors have become an important part of the investing and financial technology ecosystem and are becoming widely used. But not all robo-advisors offer the same services or cater to the same types
This article is part of a series on the New Cold War Zhao Houlin is head of the UN’s telecoms agency, an independent international arbiter that sets some of the rules shaping the modern technology industry. But that does not stop him from letting his patriotism burst into the open. A former government official in
Alan Hernández Pastén in Mexico City Mexico’s Yucatan peninsula and Quintana Roo state, two of the main tourist magnets in the country, are on red alert awaiting the arrival of Hurricane Delta, as officials fear the storm could exacerbate the coronavirus pandemic. President Andrés Manuel López Obrador has ordered the deployment of the Mexican military.
With its acquisition of TD Ameritrade officially closed, Charles Schwab has begun laying out a roadmap for the future of its former rival’s advisor division. The decisions Schwab makes could affect the technology, custodial and other services that thousands of RIAs use. The firm didn’t have total insight into TD’s operations prior to the deal
Securities services provider BNP Paribas has just completed a Proof of Concept with cloud based crypto wallet provider Curv, to demonstrate a highly secure way to transfer security tokens. The security token was transferred using Curv’s advanced cryptography which utilizes a concept called multi-party computation (MPC). The institutional grade technology enables transactions to be securely
With the economy fluctuating, more investors turn to the real estate market because of its resilience. Yet, to get the most out of the real estate market, an investor needs to spot trends before they become apparent to everyone. Over the next one to three years, the real estate market is likely to see a