The markets are up, and the bulls are running. According to Mike Wilson, chief US equity strategist for Morgan Stanley, now is the time to buy in. Wilson believes that the market’s recent rise signals “a pretty darn good” economic recovery in store for us next year. “We think that a return of topline growth
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Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Ulta Beauty — Shares of the retailer gained 6% after the company’s second-quarter profit topped expectations. Ulta earned 14 cents per share during that time period, compared with the
If you can walk into a supermarket and find South American bananas, Brazilian coffee, and a bottle of South African wine, you’re experiencing the impacts of international trade. International trade allows countries to expand their markets and access goods and services that otherwise may not have been available domestically. As a result of international trade,
Low-fi video clips of teenagers breakdancing and lip-syncing would seem to have little relevance to Walmart, the world’s biggest bricks-and-mortar retailer. Yet the Arkansas-based chain, better known for selling cereal, soap and shoes in the suburbs than for ventures in digital media, is preparing to invest billions of dollars in TikTok. Walmart is teaming up
The dollar retreated and a key portion of the US government bond market flashed inflation warning signs on mounting jitters that the Federal Reserve’s new policy framework could erode the appeal of US assets. Fed chair Jay Powell on Thursday revealed enhanced flexibility to allow the inflation rate to push past the central bank’s 2
The vexing question of how much to raise taxes or cut benefits to preserve Social Security is moving into a perplexing new phase. President Trump’s suggestion of eliminating payroll taxes that fund benefits would end the program entirely if carried out in legislation, according to the Social Security Administration. Earlier this month, Trump deferred payment
It’s been a great August, up 6% for the S&P 500, the best August since 1986. But then again, it was a great July. And a great June. May was pretty good, too, and April was downright eye-popping. The Summer Rally (S&P 500 Monthly Returns) April: up 12.7% May: up 4.5% June: up 1.8% July:
Crypto International, a successor of controversial Swiss company Crypto AG, is reportedly dismissing dozens of employees following a major spying scandal. As many as 70 employees had to quit Crypto International after Crypto AG was found to be selling backdoored products to benefit agencies like the United States Central Intelligence Agency in February 2020. The
CEO of MoxiWorks. Start-up and turnaround exec with a unique blend of general management, sales and marketing and technology skills. getty “When the going gets tough, the tough get going.” We’ve all heard this phrase. It’s likely been uttered over a recent Zoom call while offering a virtual prost with friends and family. We’ve seen a
A single family home is shown for sale and in escrow in San Marcos, California. Mike Blake | Reuters The usual summer slowdown in the housing market is not happening this year. Buyers continue to show strong demand, spurred by the new stay-at-home world of the coronavirus and by record low mortgage rates. Pending home
Zimbabwe’s Mobile Money Operators (MMO) say they will comply with the latest directive by the central bank to shutdown mobile money agents. In addition, the MMOs will also limit mobile money transactions to $50 (Zwl $5,000) per day while users are now restricted to one mobile money account per person. The directive went into effect
By Chris Farrell, Next Avenue Contributor Sean Sullivan and Robert Costa To analyze President Trump’s re-election policy proposals for Americans 50+, I’d planned to do what I did for my Joe Biden post: scrutinize the party platform and talk to analysts about it. Problem is, there is no 2020 Republican platform, even though Trump told delegates
New York’s Rockland County achieved record low interest rates for a more than $40 million bond transaction following a credit upgrade that reflected its recent fiscal discipline. Rockland issued $24.1 million in Series B refunding bonds Thursday in a negotiated deal led by Roosevelt & Cross that priced at a true interest cost of 1.35828%
Described as “targeting the best and leaving the rest,” high grading allows miners to boost recovery grades and improve their bottom line. The silver price continues to flirt with the US$30 per ounce level, having added more than 100 percent to its value since March. Higher prices for the white metal have also incentivized explorers
Senator Rand Paul and his wife came under attack leaving the White House as the streets of America become unsafe for just about everybody… (by Half Dollar) The American descent into madness continues. Last night, we learned that nobody is immune from the chaos. Senator Rand Paul was certainly not immune: Rand Paul just got
Shares in Okta (OKTA) dropped 4% in Thursday’s after-hours trading, despite the company reporting solid earnings for the fiscal second quarter. Specifically, Q2 Non-GAAP EPS of $0.07 beat Street estimates by $0.09. However, GAAP EPS of -$0.48 fell short of consensus forecasts by $0.07. Revenue came in strong at $200.45M, easily beating Street expectations by $14.08M and
by Venus230 Antifa & BLM have no right to hurt people Antifa & BLM have no right to destroy property of innocents Antifa & BLM have no right to intimidate and threaten Antifa & BLM have no right to push their agenda on people forcably The people are fighting back through their elected representatives. Let’s
Fans gather at local Ulta Beauty in Houston to greet Kylie Jenner at the launch of her cosmetics line on November 18, 2018 in Houston, Texas. Rick Kern | Getty Images Check out the companies making headlines after the bell: Ulta Beauty — Shares of Ulta Beauty soared 18% in extended trading after the beauty retailer
Refinancing a mortgage means paying off an existing loan and replacing it with a new one. There are many reasons why homeowners refinance: To obtain a lower interest rate To shorten the term of their mortgage To convert from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage, or vice versa To tap into home equity
For a man who prides himself as a one-time broadcast star, Donald Trump hosted a surprisingly forgettable four nights of television. As a political event, the 2020 Republican National Convention stuck with the pre-pandemic tradition of set-piece speeches, most of which — including the president’s own meandering, Bill Clinton-length finale — offered tepid recitations of
France reported another post-lockdown record of new coronavirus infections on Thursday, recording 6,111 cases in the 24 hours, about five times the level of two weeks ago. Prime Minister Jean Castex responded by tightening precautions: face masks will be obligatory in Paris from 8am on Friday. The German government has imposed a minimum fine of
Two years ago amid rising interest in ESG investing, advisor Rachel Robasciotti launched an investment strategy to help clients make more of a direct impact on racial, gender, economic and climate justice. Now, as protests spark across the nation in response to yet another police shooting of a Black man, the CEO of Robasciotti &
The highly-anticipated launch of Polkadot’s (DOT) mainnet has seen many smaller crypto assets associated with the project explode recently. Both tokens of the distributed ledger technology (DLT)-powered robotics and Internet-of-Things (IoT) project Robonomics have been among those to surge alongside Polkadot, with the price of its utility token XRT increasing 10 times earlier this month.
As Hurricane Laura bears down on the Gulf Coast, residents are preparing for what could be a historic storm surge. The potential for widespread flooding is high, but even after major storms like Hurricane Harvey in 2017, some homeowners in high-risk areas still do not have flood insurance. That’s because today’s federal flood maps, which
Through fast timing and big bets, Todd McKinnon grew his cloud security company, Okta, into a $27 billion business. Now the largest opportunity of his career has landed in his lap: a worldwide pandemic. Todd McKinnon sits in front of his green screen, with a boyish face but weary eyes, talking about his guilt. Over 10%
The last few months have bolstered the price of the precious metal gold as governments worldwide have created tremendous amounts of debt and inflation. For instance, the value of gold per ounce jumped over $2k during the first week of August. Meanwhile, similarly to the physical counterparts, two blockchain tokens that claim to be backed
getty Earlier this week, the Social Security Administration’s chief actuary reported, in response to a question by Senate Democrats Chuck Schumer, Bernie Sanders, and Ron Wyden, that, if the dedicated payroll taxes to fund Social Security were removed with no replacement income source, the Disability Insurance Trust Fund would be depleted in the middle of
Bjorn Austraat, SVP, AI Enterprise Solutions at Wells Fargo, will discuss how to go from idea to experience, when creating AI programs at your bank at an enterprise scale. He will share his “4D” pragmatic, tested, and effective structure for overcoming some of the most common AI roadblocks. Insights into ways to create alignment across
[embedded content] Investors of all ages, and especially millennials, should seek markets that will give them an unfair advantage. Doug Casey, founder of Casey Research, and Rick Rule, president of Sprott U.S., said that great opportunities lie in the gold mining sector, as well as emerging and frontier markets, like Africa. “Gold stocks are very
Once the moratoriums end, 28 million people will become homeless… by Josh Sigurdson with Tim Picciott via World Alternative Media Josh Sigurdson talks with Tim Picciott, The Liberty Advisor about the record breaking mortgage delinquencies hitting decade highs as people defer on their mortgages and moratoriums save people from rents they can’t pay… Temporarily. Once