Following the Financial Crimes Enforcement Network (FinCEN) explaining the misuse of cryptocurrencies is a national priority last week, the bureau announced on Tuesday it hired its first-ever chief digital currency advisor. FinCEN’s acting director Michael Mosier detailed that Michele Korver will be the bureau’s new crypto expert and she brings “a wealth of digital currency
As you transition into retirement, it’s a good idea to adopt strategies that help protect you from significant financial losses in your later years due to mistakes, financial exploitation from unethical friends and relatives, and fraud. The recently released “Thinking Ahead Roadmap” helps you select a financial advocate who can assist you in managing your money
Municipals were better on light but strong trading in the secondary, as dealers pushed benchmarks lower with large blocks of high-grades exchanging hands but sales to customers also showed strong interest. U.S. Treasuries helped direct municipals to lower yields as the UST 10-year fell to 1.36% — the lowest since Feb. 24 — and the
Silver prices moved lower on Monday as the ISM services report put some doubt on future growth. The dollar rose again, putting additional weight on silver prices. Copper prices initially started higher but ended the session in the red, weighing on silver prices. The U.S. 10-year yield tumbled on Monday, dropping 7-basis points. Despite the
Right before the world got hit by the biggest global pandemic since 1918, a ranking of 195 countries on their preparedness to deal with a global pandemic was published, and… by Eric Zuesse In October 2019, right before the world got hit by the biggest global pandemic since 1918 (the Spanish flu), a ranking of 195 countries on
Eshaq Jahangiri, the first vice president of Iran under Hassan Rouhani, has called on all legally operating crypto miners in the country to stop producing coins. According to a Wednesday report from the Tasnim News Agency, Jahangiri said at a meeting with officials of the Ministry of Energy that the electricity restrictions for Iranians were
When you think about real estate investing, the first thing that probably comes to mind is your home. Of course, real estate investors have lots of other options when it comes to choosing investments, and they’re not all physical properties. Key Takeaways One of the key ways investors can make money in real estate is
In this article PDD 9988-HK 9961-HK 9618-HK TME DIDI WB The U.S.-traded shares of prominent Chinese companies were under pressure on Tuesday after the Asian country’s officials launched a cybersecurity review of Didi, fueling concerns about government risk to Chinese stocks. Shares of Tencent Music Entertainment fell more than 7% in early trading, while JD.com,
To the victor, the spoils. Boris Johnson won the referendum on UK membership of the EU just over five years ago, went on to win the leadership of the Conservative party in July 2019, reached a deal with the EU in October and won a decisive victory under the UK’s first-past-the post system in the
The Pentagon cancelled the highly-sensitive $10bn Jedi cloud computing contract that had been awarded to Microsoft, drawing a line under a contentious government bidding process that was marred by claims of interference from Donald Trump. The US defence department said on Tuesday it was reversing its decision to hand over large parts of its data
As stocks around the world continue to smash one record after another, some of the world’s biggest money managers have a simple message: Get used to it. The likes of BlackRock State Street Global Markets, UBS Asset Management and JPMorgan Asset Management expect equity markets to keep rising in the second half of the year,
Royal Bank of Canada (RY) and DoorDash, a leading last-mile logistics platform, have announced a joint initiative under which eligible RBC credit cardholders will receive a free subscription to DashPass for up to 12 months, depending on the credit card they hold. With DashPass, DoorDash’s subscription program, customers pay no delivery charges and enjoy reduced
In this article MMM FANG TME AAPL DIDI AMZN JD.com is one of the biggest e-commerce and logistics company in China. Zhang Peng | LightRocket | Getty Images Check out the companies making headlines in midday trading. Didi — Shares of the Chinese ride-hailing giant Didi Chuxing plunged more than 20% after China announced that
Sharing is Caring! Authored by Raul Ilargi Meijer via The Automatic Earth blog, Why the Delta scare? As a virus mutates, it becomes more contagious and less lethal. And then eventually it mostly disappears. Many voices claim that Delta will be with us for a very long time, but we should be so lucky. It’s
It has never been easy to get prospective buyers to close on a real estate listing. Thanks to the internet, the task seems more difficult than ever. The market is rife with window shoppers and indecisive house hunters, making it a sometimes overwhelming challenge to get them to commit. While window shoppers can present a
Elon Musk went after Bitcoin hater Warren Buffett recently, sharing what looked like a bullish crypto quote attributed to the billionaire investor. The tech entrepreneur, whose comments on social media have been moving crypto markets this year, later removed the post with the obviously fake Buffett statement. Elon Musk Finds Buffett’s ‘Best Financial Advice’ Tesla
Today’s column addresses questions about filing first on a spouse’s benefits and then for retirement benefits, filing for retroactive retirement benefits after first taking spousal benefits and whether it’s worth taking the option at 70 to file six months retroactively. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president
After two decades of credit deterioration — with a brief reprieve about a decade ago that lifted the state’s ratings due to a recalibration of municipal credits — the pendulum shifted last week with a one-notch upgrade from Moody’s Investors Service. The upgrade gives the state more breathing room between investment grade and junk. It
Silver continued scaling higher through the first half of the European session on Tuesday. The technical set-up favours bullish traders and supports prospects for additional gains. A sustained break below the $26.00 mark is needed to negate the constructive outlook. Silver built on its recent strong rebound from the vicinity of mid-$25.00s, or two-and-half-month lows
If inflation turns out to be merely transitory, as the Fed and the pundits believe, the US central bank will remain behind the curve, and gold may… by Arkadiusz Sieron of Sunshine Profits June was a terrible month for gold. Without a fresh crisis or a strong dovish signal from the Fed, gold may continue its
MicroStrategy CEO and Bitcoin evangelist Michael Saylor recently featured in an interview to share his insights into the global macro environment alongside Bitcoin (BTC) and crypto in general. Speaking about the risks related to volatility, Saylor said, “The people that invest in bitcoin as traders — and they don’t, they don’t have a technology view
Argentina has a strong socialist party, and many people have criticized that country for its socialist policies. However, Argentina does not meet the criteria of a full-blown socialist country. Massive inflation problems and sovereign defaults during the 1980s and from 2000 to 2001 have caused populist economic sentiment among many Argentinean voters, but there is currently
In this article DSX EGLE GNK GOGL SBLK 316-HK 1919-SZ Aerial view of shipping containers sitting stacked at Shenzhen Yantian Port on February 27, 2021 in Shenzhen, Guangdong Province of China. Xie Feng | Getty Images Skyrocketing shipping prices, exacerbated by limited vessel supply, could bode well for some of analysts’ favorite shipping stocks. Global
Didi shares tumbled in pre-market trading on Wall Street, leading a decline in Chinese companies listed in New York following a clampdown by Beijing’s internet watchdog that rattled investors. Didi, which uses so-called American depository receipts to trade in the US, dropped 25 per cent in early dealings, a day after the Cyberspace Administration of
The Covid-19 pandemic risks creating a permanent reduction in appetite for insuring businesses that rely on physical contact, such as shops, restaurants and event organisers, a top EU regulator has warned. Trade credit insurance underpins trillions of dollars worth of trade each year, covering businesses against the risk of non-payment by the companies they supply
Financial services and digital payments firm Square (SQ) has launched an Early Access Programme in France. The program offers small and medium-sized enterprises (SMEs) across France access to an integrated suite of tools to improve online and in-person sales. The limited-space program is available on a first-come, first-served basis. The company provides hardware, software and
Sharing is Caring! by John Mauldin It is as essential to democracy that the minority should voluntarily submit to the measures adopted as it is that the majority should voluntarily approve them. Democratic government rests upon the principle that it is better to count heads than it is to break them. The principle is a
Axie Infinity, an Ethereum based game, is now one of the biggest successes of the play-to-earn model. Featuring NFT’s like the game characters, the game monetizes breeding these characters and selling them. As a result, there is now a growing demand for Axies, whose stats can make them reach high prices in markets. This has
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) – Monument Mining (TSX-V: MMY) announced Monday that the Malaysian authorities have transitioned the movement control order in five states into
Breaking up monopolies protects the competitors, not the consumers. Consumers are… by Peter Schiff of Peter Schiff Podcast Facebook anti-trust case thrown out of court.Breaking up monopolies protects the competitors, not the consumers.John D. Rockefeller’s Standard Oil was a perfect model of free market efficiency.Consumers are indirectly price gouged by labor unions.Labor unions destroyed jobs