The crypto-friendly state of Wyoming has approved the first legally recognized Decentralized Autonomous Organization (DAO) in the United States. The American CryptoFed DAO received notice from the Wyoming Secretary of State’s office on July 1 recognizing it as a legal entity, according to a July 4 announcement. Marian Orr, CEO of the American CryptoFed DAO,
Salary caps are a hot topic in sports, debated from the most casual of sports fans to the highest tiers of professional clubs. Enforcing a limit to how much a team can spend on their athletes’ salaries has been around at least since the Great Depression. For most professional sports, teams must adhere to a
More than two-thirds of Chinese groups that have listed in the US this year have sunk below their initial public offering price, despite record levels of fundraising, as growing regulatory scrutiny hit investor sentiment. The poor share price performance comes after 34 Chinese companies raised $12.4bn in New York floats in the first half of
Russian higher educational institutions are expected to allow foreign students who have been inoculated with any vaccine to study in the country. “Universities will have a common policy on this issue. I think we will accept any vaccine,” said Pavel Shevtsov, deputy head of Rossotrudnichestvo, a foreign ministry agency overseeing students. Brazil’s top prosecutor has
A winner during last year’s Covid-19 pandemic, Costco (COST) stock’s “hotness” started to wane as the recovery kicked off. Shares in the discount club chain also experienced a major dip in late February and early March. In a turnaround, the stock has made a big recovery since the spring, rebounding from under $315 per share,
Sharing is Caring! Authored by Lance Roberts via RealInvestmentAdvice.com, Market Rallies To All-Time Highs With the 4th of July weekend upon us, this week’s newsletter will be slightly shorter than usual. Such will ensure you “pitmasters” can get to work doing what you do best. As we discussed last week, the market not only got off the mat and
The Angolan central bank’s monetary policy committee (MPC) recently hiked the country’s benchmark interest rate from 15.5% to a record of 20%. The largely unexpected hike, which is one of the National Bank of Angola (NBA)’s attempts to curb inflation, marks the first time the benchmark rate has been increased since November 2017. Rising Inflation
Nice problem to have: a fat retirement account along with potentially taxable gains. This calculator tells you which asset to liquidate. You’re retired, and living off two piles of assets—a taxable brokerage account and a tax-deferred IRA. Which should be cashed in first? For a lot of people, the answer is simple: Use up the
Challenges for U.S. mass transit will continue as providers face new and developing credit risks including continued transition to remote work, according to S&P Global Ratings. “Potential displacement of ridership bases, a persistent shift toward remote work, hybrid work schedules and online shopping pose the greatest risks to traditional public transit operating models in general,”
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) – Statistics Canada (StatCan) reported that the real gross domestic product (GDP) contracted 0.3% in April after 11 consecutive monthly increases.
Why are prices rising if not because of inflation? by Keith Weiner of Monetary-Metals Mainstream analysis sees rising consumer prices, and looks for a monetary cause. Also, when it sees an increase in the quantity of dollars, it looks for rising consumer prices. It is a fact that the quantity of what the mainstream calls money (i.e.
Ether’s (ETH) $230 million options expiry on Friday appears to have shifted market sentiment in favor of the bulls, at least momentarily, as investors remain cautiously optimistic about the upcoming London hard fork and the prospect that Bitcoin (BTC) has established a firm bottom. ETH price update ETH rose more than 6.5% to $2,370 on
Bribery vs. Lobbying: An Overview Bribery and lobbying are often conjoined in the public mind: Critics of lobbying suggest that it’s bribery in a suit. While both seek a favorable outcome, the two remain distinct practices. Bribery is considered an effort to buy power—paying to guarantee a certain result; lobbying is considered an effort to
China’s cyber security regulator has ordered that Didi be taken off domestic app stores just days after the ride-hailing giant raised $4.4bn in the biggest Chinese listing in the US since Alibaba in 2014. The Cyberspace Administration of China said on Sunday evening that Didi’s app had “problems of seriously violating laws on collecting and
A few years ago, the United Arab Emirates and Saudi Arabia went as far as secretly drawing a plan for a political union. While a confederation did not materialise, the Gulf’s autocratic states fought rebels in Yemen and stood united in a boycott of Qatar for its alleged support for Islamism. In the past few
Robinhood unleashed a revolution, marshaling throngs of new traders to financial markets in an upside-down year. But the free trading app’s breakneck growth hurt the same small-time investors it sought to empower. That’s the accusation leveled by Wall Street’s self-funded watchdog, which extracted almost $70 million from the brokerage in a record settlement Wednesday, including
The summer season is in full swing but in the crypto sphere the talk has turned to whether crypto winter might be here already. It’s hard to tell whether the crypto market is about to go into one of its drawn out down periods or whether the bull market has just paused now that Bitcoin
Sharing is Caring! by Daisy Luther of The Organic Prepper Author of Be Ready for Anything and The Blackout Book Sometimes people think that a summer power outage is easier to deal with than a winter one. After all, in the summer, you don’t have to worry about freezing to death, which is a very real threat during a long-lasting winter
U.S. lawmaker and bitcoin advocate Cynthia Lummis has indicated that cryptocurrency miners are welcome in Wyoming. In a recent interview, the senator defended bitcoin’s carbon footprint and later invited miners to her home state on social media. Crypto Mining Adapted to Non-Carbon Emitting Energy With the ongoing crackdown on cryptocurrency mining in China, companies in
Perfection in financial planning is impossible and its pursuit may actually be counterproductive. It may be better said that financial planning is fundamentally an exercise in mistake management and minimization. Much like major league batters in baseball, three-point shooters in basketball, and football quarterbacks in pursuit of completing passes, you may well fall short more
The Puerto Rico Oversight Board on Wednesday approved a $10.1 billion budget crafted by the Puerto Rico local government for the first time in the board’s history. “The budget developed jointly by the governor, the legislature, and the Oversight Board is a significant achievement and an important step toward achieving fiscal responsibility and economic stability,”
GOLD & SILVER PRICE FORECAST – RALLY TO RESUME IN Q3 IF FED TABLES TAPER TALKS I’ve been racking my brain for the final two weeks of Q2 trying to come up with a top trade idea for the upcoming quarter. This is largely predicated on my lack of conviction for the general direction of
Decent action, finally! by Morris Hubbartt Super Force Signals A Leading Market Timing Service We Take Every Trade Ourselves! Email: [email protected] [email protected] Here are today’s videos and charts. The videos are viewable on mobile phones as well as computers. Double-click to enlarge the charts. SGS Key Charts, Signals, & Video Analysis Super Force Signals (SFS)
Europe knows it will have to embrace a digital euro soon. To become a global digital leader and avoid dependence on American and Asian technological infrastructures, European policymakers and regulators have to make progressive decisions. A critical stumbling block for Europe’s digital economic thinking is so-called stablecoins. Stablecoins can be privately issued and have the
The concept behind the value investing philosophy is simple: investors can realize tremendous gains by purchasing securities that trade well below their intrinsic value. In his books Security Analysis (1934) and The Intelligent Investor, (1949) Benjamin Graham—the godfather of value investing—explained to investors that, “a stock is not just a ticker symbol or an electronic
ByteDance is selling some of the artificial-intelligence technology that powers its viral video app TikTok to websites and apps outside China, as it broadens its revenue streams ahead of a long-anticipated initial public offering. A new division called BytePlus quietly launched in June and already lists customers all over the world, including in the US.
When hiring general managers for his Texas-based fast-food chain Layne’s Chicken Fingers, Garrett Reed typically looks for people with seven to 10 years of work experience. But this year he ended up promoting 19-year-old Jason Cabrera, at a salary of $50,000 plus bonuses. “Even my parents think I am too young to be a GM,
A midsize wealth manager’s SEC settlement displays the fragmented industry awaiting the Biden administration’s next move on fiduciary rules. Broker-dealer Crown Capital Securities agreed to pay a $1.6 million in disgorgement, interest and a fine after the SEC alleged the company did not disclose its conflicts of interests related to mutual fund share classes, cash
Much of blockchain’s mainstream conversation may center on cryptocurrencies, but there is a much wider universe of applications for the technology beyond the highly speculative nature of cryptos. One of the most proactive use cases centers on the supply chain response to COVID-19. Unlike past pandemics, there are volumes of data surrounding the present scenario,
If the name Oliver Trevena sounds familiar, it’s because he’s developed quite the name for himself as an actor and entrepreneur. In the public eye since the age of four, he was born and raised in East Sussex, England. Trevena became a child star performing in plays such as A Midsummer Night’s Dream, The Nutcracker, and Oliver. Since then,