Former chairman of the U.S. Securities and Exchange Commission, or SEC, Jay Clayton, was appointed by ex-President Donald Trump to serve in 2017. In his tenure as head of the SEC, Clayton often defended Bitcoin (BTC) as a store of value. This past Wednesday, during an interview with CNBC’s Squawk Box show, Jay shared his
Kristina Baehr seemingly had it all: a successful career as a lawyer and an adorable family with newborn twins. Together, they lived in a beautiful house that she considered her “forever” home. But a mysterious and insidious foe was slowly undermining her health, her career, her marriage and her family. The 9-year-old home of the
Global markets have defied predictions as the U.S. Federal Reserve and several central banks worldwide are prepping to slow down monetary easing policy. On Wednesday, the U.S. central bank’s Federal Open Market Committee (FOMC) said it plans to taper quantitative easing (large monthly asset purchases) and end the program by March 2022. Moreover, the FOMC
Over more than three decades as a wealth advisor, business owner and coach, I’ve talked a lot about the value of saying “no.” That’s because the ability to say no to time wasters and activities that distract from your core purpose, or things that are not aligned with your values, helps to open doors to
RBC Capital Markets, LLC agreed to pay more than $280,500 to settle Financial Industry Regulatory Authority charges that it violated the Municipal Securities Rulemaking Board’s suitability rules when it failed to establish, maintain, and enforce a supervisory system with respect to high-yield municipal bonds. In a December 14 Letter of Acceptance, Waiver and Consent (AWC),
MarketWatch Gold futures rally to post highest finish in over 3 weeks Gold futures rallied on Thursday, marking their highest finish in more than three weeks. Gold prices got their “groove back as the dollar weakened and the Treasury curve flattened,” said Edward Moya, senior market analyst at Oanda. “Risk aversion is hitting the Nasdaq
We are repeating the same inflationary period of the 1970s which resulted in record prices in gold and silver… Kevin Wadsworth with Patrick V. on Silver Bullion TV We are joined on Metal Money by Kevin Wadsworth of Northstar & Badcharts as we discuss how Kevin’s arcs are holding up with the recent price dips
The spot forex market traded over $6.6 trillion a day as of April 2019, including currency options and futures contracts. With this enormous amount of money floating around in an unregulated spot market that trades instantly, over the counter, with no accountability, forex scams offer unscrupulous operators the lure of earning fortunes in limited amounts of time.
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Thursday that early strength in the broader market indexes after the Federal Reserve‘s faster, but still gradual tightening plans does not reflect the reality that many companies are starting to struggle. “If you’re in companies losing money, you should sell them,” Cramer said on “Squawk
The Brazilian government is kicking out the IMF’s representative office in the country after complaints over the institution’s economic forecasts. “It has been years since they were needed here. They stayed because they like feijoada [black bean and meat stew], football, good conversation and, from time to time, to criticise and make wrong predictions,” said
The Bank of Mexico is expected to raise interest rates for the fifth consecutive time on Thursday as it tries to smooth over a rocky leadership transition while the country faces its highest inflation in two decades. Analysts believe that the five-member board will increase the key rate by 25 basis points to 5.25 per
You have to hand it to UBS’ Art Cashin. He loves to play against the crowd. “Cashin the Contrarian” was very much in evidence in my annual look ahead interview with the NYSE floor legend. We met at our usual spot for the past 15 years: Bobby Van’s steakhouse across from the Big Board in
Consumers rank security and protection of their personal data the highest in net importance for financial services firms to ensure their trust. This revelation has significant implications for banks, payment service providers, credit card companies, and traditional financial institutions as they define their value propositions and evolve their customer communications, experience and support. To discuss
In this article DAL ACN REGN LEN NOV.N-CH V Check out the companies making headlines before the bell: Delta Air Lines (DAL) – Delta rose 2.3% in the premarket after projecting a $200 million fourth-quarter profit. Consensus forecasts were predicting a quarterly loss for Delta, but the carrier said it is seeing strong holiday demand
Sharing is Caring! by Martin Armstrong Florida is leading the nation in job growth due to eased tax laws and COVID restrictions. Florida alone added 579,000 jobs during 2021, representing a 5.8% uptick in new jobs. In contrast, the national average has been a muted 0.5%. As of October, Florida consistently attracted new labor in
When people think of nonfungible tokens (NFT), the most popular collectibles such as CryptoPunks, Bored Ape Yacht Club and Decentraland usually come to mind. Beeple’s digital artwork that sold for millions will most likely ring a bell, and most recently, gaming came together with the Metaverse to usher in an altcoin season. However, one particular
In this article COLM CLBK The days of rock-bottom rates are nearly over. The central bank will aggressively unwind last year’s bond buying sooner than originally planned after recent reports on inflation continued to show a sharp rise in prices. While the Federal Reserve said Wednesday that interest rates will stay near zero for now,
Along with the growing popularity of cryptocurrencies, Ukrainians are enjoying an expanding range of related services and products. Besides new options to buy and trade coins, crypto users in the country will be offered two cards that will allow them to spend their digital currencies in stores and online. Wirex Gives Ukrainians Access to Over
Although this is supposed to be a “wonderful time of the year”, it’s not always so. It can turn sour for some families when they are together. Old habits trigger disputes. Simmering conflicts explode. Aging parents can get cranky and difficult. Not everyone is aware of how their own actions create disconnection rather than a
Municipals were lightly traded and ignored moves to higher yields in U.S. Treasuries Wednesday while equities rallied after the Federal Open Market Committee doubled the speed of its taper and projected three rate hikes in 2022. “It would seem that today’s decision was a first move by the Fed to restore its credibility as an
IGO Limited (ASX:IGO) announced plans today to acquire Western Areas (ASX:WSA) A$1.096 billion (US$780 million). Price per share is A$3.36, a 3.7% premium to WSA’s last close on 15 December 2021. Western Area board unanimously supports the takeover. The two companies are advancing “strategic and logical consolidation” as reason to do the deal. IGO’s Managing
When the market goes bidless, it’s too late to preserve capital, never mind all those life-changing gains… by Charles Hugh Smith via Of Two Minds When the market goes bidless, it’s too late to preserve capital, never mind all those life-changing gains. Everyone with some gray in their ponytails knows the stock market has ticked
A series of tax bills in recent years, culminating in the Tax Cuts and Jobs Act (TCJA) of 2017, has given investors a tremendous opportunity for savings on long-term capital gains and dividends. But the way to take full advantage of these changes is to use tax lots in managing your investment purchases and sales,
European supermarket chains J Sainsbury, Carrefour and Ahold Delhaize will stop selling several Brazilian meat products after an investigation found they contributed to the destruction of the Amazon rainforest. Pressure to halt deforestation has ratcheted up since last month’s COP26 climate summit in Glasgow. It resulted in more than 100 countries pledging to end by
Chinese creditors have sued China Evergrande for more than $13bn in allegedly overdue payments, as domestic companies owed money by the embattled developer race against offshore bondholders to secure repayment. A Chinese court assigned to handle civil lawsuits against Evergrande has accepted 367 cases with claims totalling Rmb84bn ($13.2bn), according to official records reviewed by
One wealth manager had a financial advisor and a sales assistant who defrauded their clients in separate schemes while operating out of the same office, according to investigators. Midsize independent broker-dealer American Portfolios Financial Services agreed to pay $225,000 under a Dec. 10 settlement with FINRA about its supervision of the office. The Holbrook, New
Sharing is Caring! by Michael Snyder The World Health Organization has sent a “rapid response team” into South Sudan to investigate a mysterious new illness that is killing people in large numbers. At this point, about the only thing that we know about this deadly disease is that it is “unidentified”. I scoured all of
Crypto trading platform Voyager Digital has inked a deal with the National Women’s Soccer League, or NWSL, aiming to provide players crypto education and financial support. In a Tuesday announcement, Voyager said it would become the league’s first cryptocurrency brokerage partner as part of a multi-year deal. The trading platform said a “significant amount” of
A brief surge in mortgage refinance demand fizzled fast, after interest rates resumed their climb along with the stock market. The initial scare from the Covid omicron variant caused rates to drop for about four days, sending borrowers rushing to their lenders, but then rates moved sharply higher again, and then see-sawed a bit last
U.S. Senator Elizabeth Warren has called on regulators to clamp down on decentralized finance (defi) and stablecoins “before it’s too late.” She said: “Defi is the most dangerous part of the crypto world … it’s where the scammers, the cheats, and the swindlers mix among the part-time investors and first-time crypto traders.” US Senator Urges