Brokerage app Robinhood should improve its consumer protections, Congressional lawmakers say, following the suicide of Alex Kearns, a 20-year-old investor who had a negative balance of $730,000 on his account. In a letter addressed to Robinhood co-founders Vladimir Tenev and Baiju Bhatt, lawmakers press the company on how it determines which users can access risky
admin
News you might have missed The first clinical trial results from Oxford university’s much anticipated Covid-19 vaccine, to be published in The Lancet medical journal on Monday, will include what one researcher called “terrific preliminary data”. A senior scientist on the project, backed by AstraZeneca, said the vaccine gave a double boost to the immune
Craig Jones, a Brazilian Jiu-Jitsu fighter based in Australia, has revealed he was one of the poor souls who missed out on the Bitcoin all-time high in 2017 after misplacing his coins. According to a July 16 post on the CoinJar blog, the 29-year-old former International Brazilian Jiu-Jitsu Federation World No-Gi Champion and two-time Abu
Co-Founder & CEO of Replay Listings, a mobile-based platform to find rental apartments in New York City through unedited videos. Getty As the CEO of a real estate technology company focused on video listings, I’ve seen virtual tours that are so beautiful they make me want to buy that property. I’ve also seen some video tours
700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala More than 700,000 Expedia Group hotels and accommodations are now available via crypto-friendly travel booking platform Travala. Bookings can be paid with more than 30 cryptocurrencies, including bitcoin. Despite covid-19, Travala saw a 170% increase in booking revenue from its … read more. Bitcoin.com
By Patti Temple Rocks, Author and Next Avenue Contributor Getty About 10 years ago, my boss, mentor and close friend Angelina — who was then in her early 50s — lost her job at our well-known and respected Fortune 50 manufacturing company after working her way up to the executive suite. In the year before,
Gold prices slumped to Rs 49,267 from Rs 49,318 per 10 gram while silver prices also dipped to trade at Rs 52,085 per kg, according to Indian Bullion and Jewellers Association. Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges. In New Delhi,
Not only do professors have to try to anticipate the next offensive word or expression—you can’t say things like “girls night out”—but also they live in fear of… by Paul Craig Roberts via PaulCraigRoberts.org White Professors Live In Fear Tyranny rules the universities Paul Craig Roberts Academics, if they are white, live in fear of
Uber Technologies Inc. (UBER) on Thursday announced the acquisition of public transportation software provider Routematch, in a move to boost its public transit business. The financial terms of the deal weren’t disclosed. The ride-hailing company said it is buying Routematch to support cities in offering more accessible public transportation. Atlanta-based Routematch provides technology to more than
A Tesla Model S is displayed during the London Motor and Tech Show at ExCel on May 16, 2019 in London, England. John Keeble | Getty Images Check out the companies making headlines after the bell: Netflix — Shares of the streaming service plummeted 10% in extended trading after releasing its second-quarter financial results. Netflix reported
by Claudio Grass via Claudiograss.ch As the dust is now begging to settle, both from the heights of the COVID panic and from the riots that shook the western world, we are starting to get an idea about where we stand after this unprecedented and tumultuous time. We are able to begin taking stock of the damage that
Municipals resumed their rally on Thursday, with yields falling on the AAA scales by as much as four basis points. The last of the week’s hefty supply surged into the market and into the eager arms of buyers. In the week ended July 15, muni tax-exempt mutual funds saw $857.321 million of inflows, according to
The Bible teaches a long list of lessons that can be applied to investing and money management. As such, many investors with strong Christian beliefs prefer to have their money managed by financial advisors who share their faith. While advisors typically do not advertise their religious beliefs for fear of narrowing their prospects and turning
Republicans have scaled back next month’s nominating convention in Jacksonville, Florida, amid signs the state has become the hardest hit coronavirus hotspot in the US with a record 156 fatalities on Thursday. Ronna McDaniel, chairwoman of the Republican National Committee, wrote to party members, in a letter seen by the Financial Times, to say that only
Warren Buffett. Gerald Miller | CNBC An off-brand move to pile into Apple shares might have been Warren Buffett’s greatest trade ever. Berkshire Hathaway‘s Apple stake — which has claimed 40% of its equity portfolio — is up a whopping $40 billion since the market bottom in March. The investment in the tech giant played a crucial role
The FBI and New York state have launched investigations into Wednesday’s unprecedented hack of Twitter, as the social media company faced widespread concern over its security practices ahead of the US election. A spokesperson at the FBI’s San Francisco division confirmed that the agency was investigating the hack — whereby attackers hijacked the official accounts
This has been a summer unlike any other. It’s only fitting that our annual list of beach reads for financial advisors, based on recommendations from your fellow planners, executives and industry experts, covers a particularly wide range of topics and genres — from estate planning to racial disparities; from fraud to science fiction — with
Per a July 15 judgment in the case of the SEC v. Abramoff, Jack Abramoff will pay $55,000 in disgorgement and interest for his involvement in promotion for AML Bitcoin. Abramoff will also be permanently barred from participating in any future securities offerings. The San Francisco court behind the ruling is seeing concurrent criminal charges,
Famed theme park economist Buzz Price (left) and Walt Disney’s nephew Roy Ask.Buzz Developing a theme park is far from child’s play, especially in the current economic climate. The coronavirus brought dark clouds to the industry as parks around the world temporarily closed their doors and froze their expansion budgets. It has driven the development
700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala More than 700,000 Expedia Group hotels and accommodations are now available via crypto-friendly travel booking platform Travala. Bookings can be paid with more than 30 cryptocurrencies, including bitcoin. Despite covid-19, Travala saw a 170% increase in booking revenue from its … read more. Bitcoin.com
To find a V-shaped recovery from the economic wreckage of the coronavirus pandemic, look to the nation’s single-family homebuilders. Homebuilder sentiment jumped 14 points to 72 in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index. That is exactly where it was in March, before the pandemic hit the U.S. economy.
TOPLINE The market opened lower on Thursday, with more big banks reporting second quarter earnings, as investors grappled with the latest economic data showing the economic fallout from the coronavirus pandemic. Stocks fell as major banks continued to report earnings. Johannes Eisele/AFP via Getty Images KEY FACTS The Dow Jones Industrial Average was down 0.6%,
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 and silver prices are lower and near their daily lows in midday U.S. trading Thursday, on some corrective action in overall price
Bullish price targets for gold from Wall Street banks after a big move has occurred already is a signal to take some profits or hedge… by Dave Kranzler of Investment Research Dynamics The market will always from time-to-time remind us that nothing goes straight up in the stock market. The mining stocks, especially the riskiest
Out on the Street, focus has landed squarely on a new stimulus package that may be announced as soon as next week. Congress is working on another COVID-19 aid package on top of the $3 trillion already pumped into the economy to mitigate the pandemic’s negative impact, but investors are wondering how the government is
by CisSiberianOrchestra Spoiler: This hack shows it was never an “algorithm” and was in fact all controlled though an admin panel.t.co/iDYZ8jnlER — Richard Lewis (@RLewisReports) July 16, 2020 BREAKING: Alleged leaked pictures from the Twitter admin control panel that was compromised showcase the buttons ‘Trends Blacklist’ and ‘Search Blacklist’, indicating Twitter DOES have the ability
Take a look at some of the biggest movers in the premarket: Morgan Stanley (MS) – The investment firm earned $1.96 per share for the second quarter, well above the $1.12 a share consensus estimate. Revenue also beat forecasts. Morgan Stanley saw net revenue and net income rise to record levels, helped by strong trading
While economic activity gained in nearly all districts, it hasn’t come close to pre-pandemic levels, according to the Federal Reserve’s Beige Book, released Wednesday. “Outlooks remained highly uncertain, as contacts grappled with how long the COVID-19 pandemic would continue and the magnitude of its economic implications,” according to the release. Employment improved in nearly all
High-Water Mark vs. Hurdle Rate: An Overview Hurdle rate and high-water mark are two types of benchmarks that hedge funds can set as requirements for collecting incentive or performance fees from investors. A high-water mark is the highest value that an investment fund or account has ever reached. A hurdle rate is the minimum amount
About $25bn was wiped off the market value of Kweichow Moutai, the high-flying Chinese spirit maker, after a state media unit devoted to promoting information on President Xi Jinping accused the company of reaping the benefits of corruption. Shares in Moutai, the favoured firewater of former Chinese leader Mao Zedong, had risen precipitously since February,