Editor’s note: Below you’ll find the week 47 release of the NYC Recovery Index, originally published July 16, 2021. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery made some progress as of July 3, though not enough to raise its overall score, which settled at 74. A sustained
Australia and New Zealand’s decision to shut their borders to non-residents during the pandemic has helped suppress Covid-19, enabling economic growth and corporate profits to beat expectations. But 15 months on, critics warn that these “hermit nation” policies are now causing significant problems for businesses, which face worsening skills shortages that are raising costs and
The US recession stemming from the coronavirus pandemic lasted two months, making it the shortest downturn on record. The National Bureau of Economic Research, which is considered the official judge of when and how long recessions occurred, said on Monday that the economy bottomed out in April 2020. Andrew Lloyd Webber has cancelled the opening
In today’s climate of environmental, human and health crises, investors are interested in purpose-driven investments that align with trends, shareholder returns and employee desires. This new expectation is shifting the way organizations transact with both internal and external stakeholders. To succeed as an investment professional, you must take a holistic view of your investment strategy.
If you had to choose an all-out success story of the Covid era, Moderna (MRNA) would be high up on anyone’s list. An unknown company outside industry circles prior to the pandemic’s onset, the biotech is now a household name after its Covid-19 vaccine mRNA-127 has been approved for use in many regions across the
In this article WFC GSBD Employees work in the cargo hold of a Boeing 737 MAX 9 test plane outside the company’s factory, on March 14, 2019 in Renton, Washington. Stephen Brashear | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Delta, United, American Airlines, Boeing — Airline
Sharing is Caring! JUST IN – England: Proof of full vaccination to be made mandatory for entry to nightclubs other venues where large crowds gather from the end of September. Negative tests will not be sufficient anymore.pic.twitter.com/y6FRj75LEL — Disclose.tv 🚨 (@disclosetv) July 19, 2021 Boris Johnson has just announced that from September people will have
There’s a certain cache, a kind of exaggerated swagger, associated with ownership of any multimillion-dollar home. Of course, anyone who can afford such a lofty price tag can own a multimillion-dollar home. However, only a few people can own the next higher strata: a multimillion-dollar home featuring an historic back story. Several of the nation’s
A contractor works on the roof of a house under construction in the Stillpointe subdivision in Sumter, South Carolina, on Tuesday, July 6, 2021. Micah Green | Bloomberg | Getty Images The price of lumber on the future’s market has given up all of its gains for this year, falling by more than 50% in
Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the
As markets remain volatile, inflation creeps up, and taxes are poised to rise for wealthy taxpayers, a growing number of investors are expressing concerns about their prospects for life in retirement. A recent study on the biggest risks to retirement security looked at the top concerns among investors who plan to retire in the next
Municipals underperformed a flight-to-safety rally in U.S. Treasuries as COVID-19 and its variants surge around the globe, pushing edgy investors to flee the stock market, as some contemplate the idea the economic recovery has peaked, and will potentially regress from the virus’ effects. Municipal triple-A benchmarks were pushed to lower yields by one to three
Silver Remains Under Significant Pressure Silver has recently made an attempt to settle below the support at $25.00 while the U.S. dollar moved higher against a broad basket of currencies. The U.S. Dollar Index managed to get above the resistance at 92.80 and tested the 93 level. In case the U.S. Dollar Index settles above
What could possibly go wrong? by Jason Burack of Wall St For Main St Within only 2-3 months after corporate bond and credit markets froze up completely in February and March 2020, Wall St bond salespeople restarted selling (and increasing) massive amounts of junk bonds, leveraged loans and other toxic sausage OTC derivatives. Now too
Major venture capital firm Andreessen Horowitz will be promoting a former employee of digital asset infrastructure provider BitGo to assist in running its $2.2 billion crypto fund. According to Andreessen Horowitz general partner Katie Haun, Arianna Simpson will be joining partners Chris Dixon, Ali Yahya, and Haun for the launch of the firm’s $2.2 billion
Bond Yield Rate vs. Coupon Rate: An Overview A bond’s coupon rate is the rate of interest it pays annually, while its yield is the rate of return it generates. A bond’s coupon rate is expressed as a percentage of its par value. The par value is simply the face value of the bond or
In this article SPCE AMZN An uncrewed New Shepard rocket launches on the company’s NS-14 test flight in January 2021. Blue Origin VAN HORN, Texas — Near a small town in the West Texas desert, a quartet led by the world’s richest person is preparing to launch on a historic flight to the edge of
The London Metal Exchange has launched a new contract for battery metal lithium, setting up a transatlantic battle with US rival CME Group, as exchanges look to capture rapid growth in demand for commodities tied to the electric car industry. The LME said the lithium contract was “designed to bridge” the need for battery and
The White House and its western allies have accused the Chinese government of teaming up with criminal gangs to commit widespread cyber attacks, including one on Microsoft this year that affected tens of thousands of organisations. The accusation came as the US Justice department unsealed an indictment alleging that four Chinese nationals affiliated with the
Robinhood is seeking a valuation of $35 billion in its initial public offering, just short of the highest analyst projections, as the free trading app advances toward a debut likely to attract buyers from its own novice investor base. The company at the center of this year’s meme stock frenzy will market 55 million shares
No sooner had Richard Branson touched down on earth following his historic trip into space, shares of Virgin Galactic (SPCE) began dropping like meteors. In last week’s trading, the stock crashed by 38%. SPCE shares are known for their volatility, and you can put the selloff down to a classic case of “buy the rumor,
In this article TSCO PSTH TSLA Check out the companies making headlines before the bell: AutoNation (AN) – The auto retailer reported quarterly earnings of $4.83 per share, well above the $2.81 consensus estimate. Revenue was also above consensus, with same-store new car sales up 42% over a year ago and used car sales up
Sharing is Caring! by Lance Roberts Knowledge vs. experience. When it comes to investing, such is what separates long-term success from failure. Amid a “market mania,” retail investors believe they have “knowledge” as every investment they make seems to be successful. As the bubble inflates, continued success breeds over-confidence to the point where it is widely believed “this time is different.”
A National Association of Realtors “30 Under 30” agent, serving the Del Mar/San Diego luxury residential market with Anderson Coastal Group. With headlines claiming the hottest real estate market in decades and a clear advantage for sellers, many home buyers — especially those pursuing real estate for the first time — are balking at the stiff
On Saturday, former heavyweight boxing champion, Mike Tyson, asked his 5.6 million followers on Twitter which crypto asset they prefer: bitcoin or ethereum. Tyson is no stranger to the world of crypto and just recently stepped into the realm of non-fungible token (NFT) collectibles. Iron Mike Asks His Fans: ‘Which do you prefer, Bitcoin or
Most Americans don’t know what they don’t know about Social Security. A lot of what they think they know is wrong. Since Social Security is a major source of retirement income for many retirees, the lack of information and misinformation can be very costly. Most Americans believe their Social Security retirement benefits will be enough
Silver refreshes intraday top following a bounce off monthly low. Clings to 61.8% Fibonacci retracement, a sustained trading below 200-DMA keeps sellers hopeful. Silver (XAG/USD) prints corrective pullback near the monthly bottom, up 0.12% intraday around $25.70, amid Monday’s Asian session. In doing so, the white metal seesaws around 61.8% Fibonacci retracement level of March-May
Even some of our brightest scientific minds are projecting that there is absolutely no positive future for our civilization if we stay on our current course… by Michael Snyder of The Economic Collapse Blog Even some of our brightest scientific minds are projecting that there is absolutely no positive future for our civilization if we
Amid the ongoing crackdown on cryptocurrency mining in China, mining new Bitcoin (BTC) continues getting easier as BTC has experienced another mining difficulty drop. On July 18, the Bitcoin network posted its fourth consecutive negative adjustment of mining difficulty, dropping 4.8%, according to data from Bitcoin explorer BTC.com. The latest mining difficulty adjustment occurred at
Depreciation is that moment when you drive a new car off the lot, and the car instantly loses a percentage of its value. But some models hold their value better than others. The cars that depreciate the most on automotive lists tend to be high-end luxury cars. However, many models hold their value and are