Six people are dead and dozens injured after snipers opened fire on a rally by Lebanon’s powerful Hizbollah group and others in central Beirut, unleashing the worst violence the capital has seen for years as tensions rise over an investigation into the 2020 port blast. Unknown gunmen attacked supporters of Hizbollah, the Iran-backed paramilitary and
Ashmore, the emerging market specialist that is one of the biggest international investors in struggling Chinese real estate group Evergrande, reported a $3.1bn fall in assets under management during the past quarter on the back of disappointing investment performance. The UK-listed fund house said its assets under management declined from $94.4bn to $91.3bn over the
Changing cultural and political attitudes toward employment and the COVID-19 pandemic have turned the talent market on its head — and RIAs are no exception. In fact, the DeVoe 2021 RIA Talent Management Report found that employee turnover is rising rapidly within financial advisory practices. With voluntary departures at their highest level in a decade,
In this article BAC CAT WFC WBA MS UNH Check out the companies making headlines before the bell: UnitedHealth (UNH) – The health insurer’s shares rose 2.2% in the premarket after beating on the top and bottom lines for the third quarter and raising its full-year earnings forecast. UnitedHealth earned $4.52 per share, 11 cents
Lee Kiser is a multifamily expert, active broker and Principal of Kiser Group, Chicagoland’s leading multifamily brokerage firm. A long time ago, in a galaxy far, far away (way back in the 1970s), CRE investors’ ability to expand to new markets was hampered by a horribly inefficient industry. A west coast property owner could not easily explore
frantic00 | iStock | Getty Images DUBAI, United Arab Emirates — Dubai’s economy contracted by 10.9% year-on-year in 2020, data from the Dubai Statistics Center revealed, reflecting a city hit hard by the coronavirus pandemic and the halting of global travel. The commercial capital of the United Arab Emirates, Dubai is home to 3.4 million
Fox Entertainment and Blockchain Creative Labs (BCL) has announced the launch of maskverse.com, a non-fungible token marketplace and community dedicated to the entertainment series and hit singing competition “The Masked Singer.” According to Fox and BCL, the NFT marketplace and a game will be powered by the Eluvio blockchain. Fox, Blockchain Creative Labs, Eluvio Introduce
Puerto Rico’s creditors are indicating they may withdraw from the bankruptcy deal, with bond insurer Ambac Assurance notifying the court Wednesday morning of the possibility. In a separate development the bankruptcy judge struck down a local law, Act 7, that the Oversight Board said would scuttle the Plan of Adjustment. Oversight Board Executive Director Natalie
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – After a decent session on Wednesday gold has stalled just ahead of $1800/oz to trade at $1792/oz. Silver has broken
The truth is starting to come out, and a lot of people aren’t going to like it… by Michael Snyder of The Economic Collapse Blog The truth is starting to come out, and a lot of people aren’t going to like it. When the supply chain problems and the shortages began, government officials repeatedly assured
Following JPMorgan CEO Jamie Dimon’s recent comments that Bitcoin is worthless, two well known billionaires have leapt to its defense — although both of them say Ether has some even more desirable properties. During an interview with CNBC’s Squawk Box on Oct. 13, Barry Sternlicht, the co-founder of Starwood Capital Group said that gold was
Quantitative analysts, or “quants,” working in the financial industry use mathematical and statistical techniques to study, measure, and evaluate financial instruments, financial markets, and the behavior of market participants. Quantitative financial analysts work in all kinds of firms in the securities industry, including commercial banks, investment banks, wealth management firms, and hedge funds. Insurance companies,
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York, U.S., on Wednesday, Sept. 25, 2019. Tiffany Hagler-Geard | Bloomberg | Getty Images JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Wednesday Here’s what Wall Street expects: Earnings: $3 per share,
Norwegian police are investigating a potential terrorist attack after a man killed five people using a bow and arrow. Police in Kongsberg — a town 70km west of the capital Oslo — said there were “grounds to evaluate whether this is a terror attack” after confirming the number of fatalities in the attack carried out
Two decades after South African activists tackled the global pharmaceutical industry and their own government for limiting access to medicines, the country’s educators are waging a similar battle to improve its standards of learning. Just as patents on life-saving antiretroviral medicines restricted treatment for South Africa’s rising number of HIV patients, so copyright protections on
While interest in digital assets continues to explode among retail consumers and financial advisors are warming to them, there remain some significant barriers to widespread adoption. About 17% of American adults now own Bitcoin and another 63% are “crypto curious,” according to Ric Edelman, founder of the Digital Assets Council of Financial Professionals, who spoke
In a report released today, Andrew Boone from JMP Securities initiated coverage with a Buy rating on Offerpad Solutions (OPAD – Research Report) and a price target of $12.00. The company’s shares closed last Wednesday at $8.09, close to its 52-week low of $6.80. According to TipRanks.com, Boone is a 3-star analyst with an average
Shoppers carry bags of purchased merchandise at the King of Prussia Mall, in King of Prussia, Pennsylvania, December 8, 2018. Mark Makela | Reuters Consumer inflation is expected to have risen in September at the same rapid pace as August, and economists say there will likely be more hot numbers to follow. Economists polled by
Sharing is Caring! by Charles Hugh-Smith That the neofeudal lords and their lackeys offer the debt-serfs “choices” of forced labor would be comic if the results weren’t so tragic. We know we’re close to the moment when Everything Solid Melts into Air when extraordinary breakdowns are treated as ordinary and the “news” quickly reverts to gossip. So over
It won’t be long before the last vestiges of Indian summer flee the northern part of the nation, to be replaced by the arrival of Jack Frost. It’s the season when rooms with fireplaces take on renewed favor as gathering spots in homes, inns and other settings. In recent years, when people have sought out
A foreclosure sign in front of a house in 2007. Getty Images Foreclosures are starting to surge as government and private sector programs designed to help homeowners deal with the economic fallout of the Covid-19 pandemic have begun to expire. Mortgage lenders began the foreclosure process on 25,209 properties in the third quarter, a 32%
The owners of a cryptocurrency firm that raised approximately $24 million from more than 13,000 investors have pleaded guilty to tax evasion. “These crypto-savvy defendants exploited an emerging technology, lying to their investors, pocketing the proceeds, and concealing the income from the IRS,” said acting U.S. Attorney Chad Meacham. Crypto Firm’s Founders Face up to
“I recently retired at 65 with $500,000 of financial assets – I was never very good at saving money and don’t own a home. My income from here on out will be social security plus whatever I can squeeze out of the $500,000 of assets before it is all gone. How do I do that
Municipals were steady in light secondary trading while new issues were repriced to lower yields and U.S. Treasuries made gains after a rollercoaster day. Triple-A benchmark yields were little changed while the UST 10-year fell four basis points to 1.541% and the 30 fell six to 2.035% near the close. Ratios rose as a result,
Silver advances on the back of lower US T-bond yields, despite high inflationary pressures. FOMC’s September meeting minutes showed that half of its members expect an interest rate hike by 2022. Further, the Fed minutes revealed that the pace of the QE reduction would be in the amount of US $15 billion. Silver (XAG/USD) climbs
There’s now a crossover buy signal in play, and it’s happening with the miners in one of the most… by Stewart Thomson of Graceland Updates 1. The world is becoming more digital. In time, citizens will partake in blockchain-based games so powerful… that the human brain will believe the game is reality. 2. That’s a disturbing thought, but there are
Everyone is talking about a six-figure Bitcoin (BTC) price now that the digital asset has broken out of its multi-month downtrend and confirmed that a bullish trend is in play. If Bitcoin happens to enter a parabolic move toward $110,000, that would finally match PlanB’s Stock-to-Flow model prediction. According to the pseudonymous analyst, the scarcity
The monthly non-farm payroll report from the Labor Department can have a substantial impact on forex markets when the numbers are released on the first Friday morning of a new month. That’s because traders are always monitoring indicators to identify trends in economic growth, and some of the most-watched economic indicators include inflation, housing starts,
The shrinking U.S. workforce during the Covid pandemic is “going to cripple” the economic recovery, billionaire investor and businessman Barry Sternlicht warned Wednesday. The founder of Starwood Capital Group, which operates hotels as part of its broader portfolio, said the federal government should pay people to go back to work, not to stay home. “The
Joe Biden has secured pledges from Walmart, UPS and FedEx to extend their working hours in a bid to ease supply chain bottlenecks that are weighing down the US and global economic recoveries. The three companies on Wednesday committed to move towards a round-the-clock, seven-day-week model as part of a broader effort to help clear