Ark Investment Management CEO Cathie Wood expects the price of bitcoin to be more than $500,000 in five years’ time, which is over 10 times what it is today. She also shared her view on cryptocurrency regulation and Coinbase’s trouble with the U.S. Securities and Exchange Commission (SEC). Cathie Wood’s Ark Invest Predicts $500K Bitcoin
On September 13, 2021, the House Ways and Means Committee announced some sweeping changes to the tax Code. The changes include some brand-new provisions and others that conflict with President Biden’s $3.5 trillion plan. Some of these were expected, others were a bit surprising. Here’s a synopsis of some of the relevant parts of the
The municipal primary was the focus Tuesday with large deals repricing to lower yields while the secondary market took a backseat with benchmark curves little changed even as U.S. Treasuries rallied and stocks sold off. Triple-A benchmarks saw a basis point bump in spots while U.S. Treasury yields fell five basis points on the 10-
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) – The gold market is holding its ground around $1,800 an ounce, and one chief investment strategist is expecting the price
This is a new paradigm, and it’s a bull era for gold! by Stewart Thomson of Graceland Updates 1. Investors are eager to see a significant rally in price of the world’s greatest metal, which of course is… gold! 2. Are these expectations realistic, given the overvalued stock market and the prospect of central bank tapering? 3. The
What happens if you complete your tax return and find that you can’t pay the amount you owe? This isn’t supposed to happen. You’re supposed to pay income taxes gradually throughout the year so that in April you won’t owe much or will even be entitled to a refund of overpaid taxes. Employees have income
Pfizer said it expected to apply in November for US authorisation of its Covid-19 vaccine for children aged between six months and five years old as it races to expand eligibility for the jab. The vaccine, developed in partnership with BioNTech, was the first to be authorised for use in children aged 12 and over,
China’s biggest cities have suspended land auctions after new central government rules failed to rein in prices, in a setback for President Xi Jinping’s campaign to reduce social inequality. The rules were introduced as part of Xi’s efforts to promote “common prosperity” by cracking down on the high property costs borne by middle-class families, and
One of the largest fee-only RIAs added a multibillion-dollar private bank team from the firm that has been taking it to arbitration and court for three years over its recruiting. Financial advisors Kevin McGuire, Vanessa Ramich, Sarah Burney, Jake Schwinn and Dan Biondi joined the Denver office of Cresset Asset Management, a multi-family office and
Investors appear concerned with Qualcomm (QCOM) losing a huge chunk of revenue due to Apple’s plan to proceed with building an iPhone modem in-house. However, Tigress analyst Ivan Feinseth sees plenty of reasons why Qualcomm will “continue to benefit from global smartphone demand growth and ongoing chip demand for high-speed 5G global communications networks.” The
Take a look at some of the biggest movers in the premarket: Oracle (ORCL) – Oracle reported quarterly earnings of $1.03 per share, 6 cents a share above consensus estimates. The business software giant’s revenue fell short of forecasts, however, amid increasing cloud computing competition. Oracle fell 2.5% in the premarket. Angi (ANGI) – Angi
Bullish sentiment is on the rise on Sept. 14 as the price of Bitcoin (BTC) climbed higher throughout the morning and now takes aim at the $47,000 level. The building momentum also had a positive effect on altcoins and a handful of tokens posted double-digit gains. Top 6 coins with the highest 24-hour price change.
CEO and Founder of L.A. Property Management Group and Crown Commercial Property Management. Researching the credit of rental applicants is essential to choosing the most qualified tenant for a unit, now more than ever. Credit can’t tell you everything you need to know about an applicant, but historically, it has provided important information in the selection process.
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters Anyone searching for a home today knows full well the pickings are slim. The supply of U.S. homes for sale is near a record low, and the gap
The infamous dogecoin was one of the first meme-based digital currencies and it’s safe to say that the coin inspired a myriad of meme-focused or joke tokens meant to be used for fun. However, while dogecoin has had a phenomenal 2021 rising 8,515% in 12 months, during the last month dogecoin prices have stagnated a
Today’s column addresses questions about how many years a couple must be married before one could be eligible for survivor’s benefits on the other’s record, how month of filing affects when delayed retirement credits are paid and what week of the month benefits are paid. Larry Kotlikoff is a Professor of Economics at Boston University
A sweeping clean energy package headed to Illinois Gov. J.B. Pritzker’s desk gives the bond-financed and coal-fired Prairie State Energy Campus and Springfield’s Dallman 4 plant more time than past proposals to meet carbon reduction targets before forced shutdowns. The legislation calls for municipally owned coal plants to cut all carbon emissions or face closure
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) – With elevated commodity prices, the global mining sector is generating significant revenue for investors; however, one group says that there
The Analysis And Discussion Provided On Silverdoctors Is For Your Education And Entertainment Only, It Is Not Recommended For Trading Purposes. The Doc Is Not An Investment Adviser And Information Obtained Here Should Not Be Taken For Professional Investment Advice. The Commentary On Silverdoctors Reflects The Opinions Of The Doc And Other Contributing Authors. Your
The pharmaceutical industry is made of companies that research, develop, make, and sell drugs and treatments used to treat or eradicate diseases, and vaccinate people. This includes some of the largest and best-known companies in the world, such as Pfizer Inc. (PFE), Merck & Co. Inc. (MRK), and AbbVie Inc. (ABBV). A number of pharmaceutical
Marc Lasry, co-founder and chief executive officer of Avenue Capital Group. Adam Jeffery | CNBC Marc Lasry, who makes his living by investing in distressed companies, thinks the U.S. is potentially heading for that status itself. Though he’s not sure of the timing and doesn’t expect major problems to happen anytime soon, the billionaire head
Cryptocurrency hedge funds gained nearly 24 per cent in August as large price swings in digital asset prices helped them outperform investors in sleepy equities and currencies markets. The strong pace of gains means funds focused on bitcoin and other digital assets have returned 145 per cent this year, according to data from Eurekahedge. Crypto
When the softer-than-expected US CPI data dropped a few hours ago, FT Alphaville though about writing a “take”. So we opened the FT’s backend, and started typing. But after 20 or so minutes of aimless pondering about whether the latest round of consumer prices pointed to whether US inflation would be transient or not, we
The New York Stock Exchange is helping develop a new class of publicly traded assets tied to services that are beneficial to the environment, amid a boom in demand for sustainable investments. NYSE has partnered with Intrinsic Exchange Group to create Natural Asset Companies, which hold the rights to “ecosystem services” provided by corporations such
Investing is all about profits, and part of generating profits is knowing when to start the game. The old adage says to buy low and sell high, and while it’s tempting just to discount cliches like that, they’ve passed into common currency because they embody a fundamental truth. Buying low is always a good start
An exterior view of the Oracle Field Office at Wilson Boulevard in Arlington, Virginia, October 18, 2019. Tom Brenner | Reuters Check out the companies making headlines in midday trading. Oracle – The tech company’s shares slid more than 3% after Oracle’s first-quarter revenue missed expectations. The company reported sales of $9.73 billion, which was
Sharing is Caring! by Martin Armstrong The Democrats are simply insane. Every study on taxation has shown that the lower the tax rates, the greater the economic growth. The Reagan tax cuts resulted in people paying more in taxes because they earned more. The new tax hiked will push NYC to 61.5%. Anyone who lives
Immutable, a layer-two nonfungible token (NFT) protocol built on the Ethereum blockchain, has announced a $60 million Series B funding raise from a multitude of corporate venture firms, including Sam Bankman-Fried’s Alameda Research and Gary Vaynerchuk’s VaynerFund. The funding round was co-led by gaming investment platform Bitkraft Ventures and venture firm King River Capital. The
The real estate market was thrown into a tumultuous state when the Covid-19 pandemic struck. Between people losing work and being afraid or unable to move, the year in lockdown made a significant impact on the market. Even as life regains a sense of normalcy, there are several factors that will continue to impact housing
A banner promoting the Emerald Bay residential project outside the China Evergrande Centre in the Wan Chai area of Hong Kong, China, on Friday, July 23, 2021. Lam Yik | Bloomberg | Getty Images Embattled developer China Evergrande on Tuesday said its property sales will likely continue to drop significantly in September, resulting in a