[embedded content] Although the gold market has struggled to hold on to $2,000 an ounce, one market analyst encourages investors to look past the current volatility and focus on the broader trend currently in place. Adam Button, chief currency strategist at Forexlive.com, said that he sees the current price action as a healthy consolidation period.
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Street space has become the new battleground as New York City looks to adapt during the COVID-19 pandemic. Outdoor dining, protests, dedicated bus and bicycle lanes, scooters and mopeds, app-based ride sharing, delivery trucks, homeless people and vendors are all at play as public officials manage with far less at their disposal. The coronavirus has
Vast hordes of workers have been losing their jobs week after week as the U.S. economy melts down right in front of our eyes. This has truly been an… by Michael Snyder of The Economic Collapse Blog The Labor Department announced on Thursday that another 1.006 million Americans filed new claims for unemployment benefits last week. Prior
Sometimes, things just fit like a key in a lock. This might be the case when it comes to one biotech’s recent acquisition, so says Maxim’s Jason McCarthy. On August 24, Bionano Genomics (BNGO) revealed it is purchasing molecular diagnostic services company, Lineagen, in a deal worth $9.6 million. As per the terms of the
By Alex Kimani Over the past decade, the European Union has widely been viewed as being ahead of the renewables curve, and it recently-launched new hydrogen strategy has only served to cement its credentials. The EU has a highly ambitious plan to install 40 gigawatts of electrolyzers within its borders and support the development of another 40
The Dow Jones Industrial Average (DJIA) is the second-oldest and best-known stock market index. Owned by Dow Jones & Company, it measures the daily price movements of 30 large American companies on the Nasdaq and the New York Stock Exchange. It is widely viewed as a proxy for general market conditions and even the U.S.
Steve Cohen, the billionaire hedge fund manager, has entered exclusive talks to buy the New York Mets baseball club after beating two rival bids, said people briefed about the matter. The Wilpon family, owners of the Mets for 40 years, has selected Mr Cohen’s bid over offers made by a consortium led by former athlete
Belarusian authorities have revoked the accreditation of more than a dozen journalists from foreign media outlets, a day before a big protest is due to be held against strongman Alexander Lukashenko. Mr Lukashenko, who has ruled the eastern European nation with an iron fist for 26 years, has been under intense pressure since claiming a
Guidance for companies on President Trump’s payroll tax deferral directive is being held up by White House dissatisfaction with the rules drafted by the Treasury and IRS, according to three people familiar with the matter. The White House wants employers, not employees, to be responsible for paying back the Social Security levies when they come
Bitcoin was down a bit this week, stopping just above $11,000. That increase in volatility is only to be expected, say some experts, as we approach the end of some BTC futures and options contracts. Other contributors to increased volatility include Bitcoin’s long period of consolidation and a key resistance level. But what happens next?
Basseterre, St. Kitts and Nevis town skyline at the port. St. Kitts and Nevis is one of the five … [+] best countries for citizenship by investment. getty What are the five best countries for second citizenship? That is a question that involves an assessment of the cost, procedures for applying and the benefits of
One of China’s biggest banks recently opened up registration for wallets using the country’s central bank-backed digital currency. There are four levels of the wallet, according to reports. However, the bank took the offer down a few hours later. China’s Digital Currency Wallet Launch China Construction Bank (CCB), one of the country’s largest state-owned banks,
Anna Vela had three days to pay her rent or her landlord would evict her and her three children. She didn’t have the money. When the pandemic hit, Vela’s boss at the supermarket where she worked in Davenport, Iowa, had cut her weekly hours to around 11 from 35. And when she learned that she’d
WASHINGTON, DC – AUGUST 27: Democratic Vice Presidential nominee Sen. Kamala Harris (D-CA.), … [+] delivers remarks during a campaign event on August 27, 2020 in Washington, DC. Harris discussed President Donald Trump’s failure to handle the COVID-19 pandemic and protect working families from the economic fallout prior to the last night of the Republican
HilltopSecurities has named Clare Graca as chief administrative officer and Manal Keen as senior vice president of finance and strategy for wealth management. Graca will serve on the company’s executive team reporting directly to Hilltop chief executive Brad Winges, the company said. Graca will manage collaboration and communication across Hilltop’s business lines. Clare Graca was
When the COVID-19 pandemic first began to make its negative influences felt throughout the financial markets, global investment trends in the U.S. currency quickly emerged as a primary safe haven beneficiary. As a result of these risk-off trends in market sentiment, the U.S. Dollar Index (DXY) was propelled to its highest levels in more than
Alongside the wash trading allegations, authorities have now also raised the possibility of additional malpractice and embezzlement charges… by Franz Walker via Natural News (Natural News) South Korean police have seized Coinbit, one of the country’s largest cryptocurrency exchanges, following allegations that it was involved in fraud and wash trading. According to a report by the Seoul
Without a doubt, COVID-19 has wreaked havoc on companies of all shapes and sizes. Even the Street’s heavy hitters haven’t been completely immune to the deadly virus, with a majority of players feeling the impacts in one way or another. This is the case for Google’s parent company, Alphabet (GOOGL). Writing for Tigress Financial, 5-star
People outside at an Urban Outfitters store in New York City. Getty Images Check out the companies making headlines in midday trading. Salesforce —Shares of the software company surged 27% following its blowout earnings. The soon-to-be Dow member reported earnings per share of $1.44, topping estimates by 77 cents, according to Refinitiv. Revenue came in at $5.15
by confoundedinterest17 Powell said that The Fed will allow inflation to run hot, hot, hot and unemployment to run lower than previously tolerated. (Bloomberg) — The Federal Reserve’s new plan to run the economy hot looks easier said than done as the central bank confronts multiple forces holding down inflation. “The Fed needs to articulate very clearly how
Salesforce.com, Inc. (CRM) reports second quarter 2020 earnings after Tuesday’s closing bell, with analysts looking for a profit of $0.67 per share on $4.90 billion in revenue. The stock sold off 8% after beating top- and bottom-line estimates by small margins in May but recovered in June and broke out to an all-time high in
Earlier this year, Katrina Foley, the mayor of Costa Mesa, California, imagined that the controversial opening of a new homeless shelter would be the event that consumed most of her time. Then coronavirus arrived and the shelter issue suddenly looked puny compared with the challenges that have since come the mayor’s way. The federal government
A man wearing a protective mask sits on top of the Charging Bull sculpture near Wall St. amid the coronavirus pandemic on April 19, 2020 in New York City, United States. Alexi Rosenfeld | Getty Images Company: Evolent Health Inc. (EVH) Business: Evolent is a health-care delivery and payment company. It supports health systems and
Black Panther film star Chadwick Boseman, an actor whose work celebrated African-American pioneers and culture, has died at age 43 after a four-year battle with colon cancer, according to an announcement posted on Friday to his social media accounts. Boseman, a native of South Carolina who began his screen career in episodes of television dramas
If you want to attract and retain great advisors, it helps to have great technology. But what if you are a tech laggard? Or worse? How do you catch up? Amit Sahasrabudhe, chief operating officer of RBC Wealth Management – U.S., discusses how his firm has been revamping its advisor tech stack. Tasks that once
The price of Bitcoin (BTC) is approaching the last weekly candle for the month of August. Some traders believe Bitcoin’s performance over the next two weeks could decide whether its price drops below $10,000 again or sees an extended uptrend. The week’s weekly candle close coincides with the expiration of CME’s Bitcoin futures contracts and
The new FICO Resilience Score is based on a scale of 1-99 getty There’s a new risk measurement entering the world of credit lending and this one isn’t based on your past payment history. Called the FICO® Resilience Index (FRI), this score aims to predict which consumers are more likely to default on payments during
Nigeria’s Foreign Currency Crisis Boon for Bitcoin: Country Tops Wallet Downloads Ahead of the US Nigeria’s weakening naira currency, as well as the shortage of U.S. dollars, are forcing businesses to switch to bitcoin as the means of settling payments for international transactions. Nigerian businesses need the American currency to buy new supplies, as well
California wildfires that have scorched 1.5 million acres will compound the challenges for local governments already reeling from the coronavirus pandemic, but Moody’s Investors Service says in most cases they will emerge with their bond ratings intact. The latest burst of blazes was sparked by a rare, powerful storm that generated lighting strikes throughout northern
getty There are a lot of misunderstanding about the Social Security rules. Some of these rules are coming into play more than usual during the Covid-19 pandemic, so it’s important to know the rules. A misunderstanding can lead to poor decisions and lower lifetime benefits. When someone is both working and receiving Social Security benefits,