Real estate, especially commercial real estate, is likely to be the first segment of the market to enter the second phase of an extended collapse… by Chris Vermeulen of The Technical Traders Real estate, especially commercial real estate, is likely to be the first segment of the real estate market to enter the second phase
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Moderna (MRNA) soared a further 16% in Tuesday’s after-market trading after the biotech announced the publication of an interim analysis of the open-label Phase 1 study of mRNA-1273, its vaccine candidate against COVID-19. Results reaffirmed positive interim data assessment announced on May 18, said Moderna, and show mRNA-1273 induced rapid and strong immune responses against SARS-CoV-2. Neutralizing
by Shaun Richards As many of you reading this are aware, our fund family underwent a change recently. On July 1, the Holmes Macro Trends Fund changed its name and strategy to the Global Luxury Goods Fund (USLUX). This decision was months in the making, and obviously there was no way we could have predicted that
Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines after the bell: Sirius XM — Shares of Sirius XM climbed 2% in extended trading after its Board of Directors declared a quarterly cash dividend of $0.01331 per share of common stock. The dividend is payable in cash on Aug. 31 to stockholders
Municipals strengthened on Tuesday as the first of the large new-issue slate began to come to market and investors are banking on the long game that issuers will weather the COVID-19 storms. The diversity of issuers coming to market this week will test how much appetite investors have with looming credit concerns for sellers of
Darrell “Bubba” Wallace, the only African American driver in NASCAR’s top racing series, will now be flying around the track in a car adorned with the Bitcoin logo. According to a tweet posted by Twitter CEO Jack Dorsey on July 14, the NASCAR driver’s new paint job has at least two Bitcoin (BTC) logos along
Charles Scharf Michael Nagle | Bloomberg | Getty Images Wells Fargo on Tuesday posted its first quarterly loss since the financial crisis as the bank set aside $8.4 billion in loan loss reserves tied to the coronavirus pandemic. The bank had a net loss of $2.4 billion in the second quarter, or a loss of $0.66
TIAA Bank was founded more than a century ago with the intention of helping teachers retire. Today it’s a full-service bank that has more than 80,000 in-network ATMs in the U.S. While it’s primarily an online-only bank, you’ll be able to set foot in a physical branch if you’re in Florida. Investopedia is committed to
Together with Louis XIV, Napoleon Bonaparte and Charles de Gaulle are the personalities the French people most admire in their nation’s history. The three invariably lead lists of national heroes and heroines — ahead of the likes of Charlemagne, Joan of Arc or Marie Curie — because each embodies a grandeur, a larger-than-life quality, that
India advises schools to limit online instruction to 2-3 hours a day Amy Kazmin in New Delhi The Indian government has advised schools to limit online instruction for children below the age 13 to just two hours a day, and for older students to just three hours a day, as the country starts a new
To get a sense of analysts’ expectations heading into Wells Fargo’s second-quarter earnings results, released on Tuesday, look no further than this backhandedly optimistic perspective from Credit Suisse’s Susan Roth Katzke: “A ‘broken’ bank can be fixed.” The third-largest U.S. bank by assets has been in turmoil relative to peers for years, ever since a
Apartments in Austin, Texas. Getty So far, so good for the apartment business, but there’s a yellow flag on the track. Everybody thought that when forbearance came up, a lot of tenants would stop paying their rent. Well, tenants kept paying their rent—so far. But some of the artificial supports are about to be taken away, and
jeremyiswild People who need more cash in retirement these days might be considering a reverse mortgage. The offer is tempting. Homeowners who are age 62 or older can convert part of the equity in their home into cash instead of having to sell. But there are disadvantages, such as complexity of the loans and their significant
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. The
By Dr. Jan Gurley, Next Avenue Contributor Getty (The following article represents the views of Dr. Jan Gurley and not the San Francisco Department of Public Health, where she works in communicable disease and prevention during the Covid-19 pandemic. The information included is rapidly evolving and applies to the current situation.) Due to the Covid-19
Silver Prices, Commodities, FOMC, Federal Reserve Balance Sheet, M1 Money Stock- Talking Points: The unprecedented fiscal and monetary response to the coronavirus pandemic has underpinned silver prices. A weakening US Dollar may continue to fuel the silver metal’s push to yearly highs. 2020 may prove to be a breakout year for silver prices as an
If Trump wants to make a comeback in the polls, he really needs to fully embrace an anti-lockdown message… by Michael Snyder of The Economic Collapse Blog Another wave of lockdowns has begun, and that is really bad news for the U.S. economy. The first wave of lockdowns resulted in the permanent closing of more
On Wall Street, some things never change. Public health crisis or not, the fact of the matter remains that healthcare stocks are the epitome of risk/reward plays. Why? It comes down to the nature of the industry itself. Healthcare companies are unique in that their financial performances aren’t necessarily the most important piece of
Check out the companies making headlines in midday trading. Wells Fargo — Shares of Wells Fargo fell 5% after the bank posted its first quarterly loss since the Great Recession and slashed its dividend. The bank posted a net loss of $2.4 billion in the second quarter, or a loss of 66 cents a share, worse than
The stock market is in a bubble. Actually, that statement is not 100% correct. SOME stocks are in a massive bubble. Other stocks are not even close. The bubble we are facing today is in large tech stocks. To prove this, I’m not going to get into the technology itself, nor am I going to try to
While the Federal Reserve has busied itself trying to keep the markets stable, its job when the crisis is over will be to keep monetary policy accommodative, according to Fed Gov. Lael Brainard. “A thick fog of uncertainty still surrounds us, and downside risks predominate,” she said during a National Association for Business Economics webinar,
Today Chainlink (LINK) surpassed Binance Coin (BNB) and Litecoin (LTC) in market capitalization. Data from CoinMarketCap shows LINK’s market cap surged to $2.86 billion as the price rallied 9% to $8.17. This brought the market cap above BNB and LTC whose market capitalization sits at $2.84 billion and $2.83 billion respectively. Although LINK price did
SoFi personal loan rates can be competitive for borrowers with good to excellent credit. On top of its potentially low rates, the lender also charges no fees and well-qualified applicants may be able to borrow up to $100,000. Investopedia is committed to providing our readers with unbiased product recommendations. We may receive compensation when you
Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Marlene Awaad | Bloomberg | Getty Images JPMorgan Chase managed to throw off the most quarterly revenue in its history at the same time that the U.S. economy is in the throes of a sharp recession. The bank posted $33.8 billion in second-quarter revenue, helping
The British socialite accused of conspiring with Jeffrey Epstein to abuse under-age girls had her request for bail denied by a New York judge, who cited the defendant’s vast financial resources and her “extraordinary capacity to evade detection”. Ghislaine Maxwell pleaded not guilty during an arraignment on Tuesday that was conducted via video link because
Joe Biden put clean energy at the centre of a $2tn plan to revive the US economy, pledging the country will take “irreversible steps” to cut emissions if he became president. Mr Biden, the Democratic presidential nominee, said his clean-energy plan would create “millions of good-paying jobs” in sectors from construction to electric-vehicle manufacturing and
The SEC will allow most employees to continue working from home at least until October as the Wall Street regulator extends accommodations initiated in response to the coronavirus pandemic. SEC Chairman Jay Clayton said in an email to staff late last week that the agency had been functioning well with employees working remotely and that
Apple CEO Tim Cook gestures after opening the newly renovated Apple Store at Fifth Avenue on September 20, 2019 in New York City. Kena Betancur | AFP | Getty Images Apple said on Monday it will spend $400 million this year to fight the California housing crisis in partnership with Housing Trust Silicon Valley and the
The color of your front door can match with other painted elements. Getty Images Are you looking for a low-effort, high-impact project to do this weekend? Few home improvement projects give you a bigger bang for your buck than a freshly painted front door. Yet, this is something that most of us can tackle over
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. The