A substantial number of multinational corporations operate in China, both Western and otherwise. China is one of the world’s fastest-growing economies, and its inhabitants make up almost 20% of the world’s population. Since its adoption of free-market principles, China has become one of the world’s most hyped investment locations. Increasing numbers of large multinationals have
Hackers began a ransomware attack on Friday, hitting at least 200 companies, according to cyber security researchers. In what appears to be one of the largest supply chain attacks to date, hackers compromised Kaseya, an IT management software supplier, in order to spread ransomware to the managed service providers that use its technology, as well
Scientists have warned that July 4 celebrations across the US risk accelerating the spread of the Delta variant of Covid-19, particularly in parts of the country where vaccination rates have lagged. The US is preparing for a celebratory Independence Day weekend replete with parades, concerts and firework displays, in contrast to last year, when many
Raymond James hired a new Cleveland, Ohio complex director away from Merrill Lynch, and launched a program to help advisors who are military veterans get masters’ degrees while completing their firm training. Several advisor teams went independent, including a group leaving Wells Fargo Advisors to launch a new firm under LPL’s Strategic Wealth Services. And
Constellation Brands (STZ) is an international producer and marketer of beer, wine, and spirits and has operations in the United States, New Zealand, Mexico, and Italy. The company’s brands include Corona Extra, Modelo Especial, Robert Mondavi, Kim Crawford, Meiomi, and SVEDKA Vodka. The company has four reporting segments including Beer, Wine and Spirits, Canopy and
Kyle Roberts fills up his gas tank at the Marathon gas station in Tampa, Florida, May 12, 2021. Octavio Jones | Reuters July fourth gasoline prices are expected to be the highest they’ve been for the holiday weekend in seven years, and they are forecast to rise even higher later in the summer. The national
Coastal design has always been in style, but as the pandemic comes to a close, it is becoming more popular again. This is because homeowners are seeking an open and airy vibe that feels more vacation-like, even if they’re landlocked. “Coastal design has been around for centuries, largely because it was the manner in which
Law enforcement officials in Ukraine have closed down a cryptocurrency mining farm that was minting digital coins using stolen electricity. The facility had more than 150 mining rigs that have been confiscated during a raid in Chernihiv region. Authorities in Ukraine Seize Over 150 ASICs From Crypto Mining Farm The Security Service of Ukraine (SBU)
New Jersey, the only state to have a pension funded status worse than Illinois’s (according to Pew’s 2020 compilation based on 2018 data), is quite pleased with itself because, as the state announced in a recent press release, “State Treasurer Elizabeth Maher Muoio announced that the Treasury Department today kicked off the start of the
Despite taking a hit during the COVID-19 pandemic, Virginia’s prudent approach to financial operations along with its financial flexibility has kept the state’s ratings in the top tier. Fitch Ratings late Thursday affirmed its AAA rating on Virginia’s $1.1 billion of general obligation bonds as well as on the state’s long-term issuer default rating. Additionally,
Benzinga Ford US Sales Decline 27% In June, EV Sales Jump 117% Ford Motor Company (NYSE: F) U.S. monthly sales for June declined 26.9% year-on-year to 115,789 vehicles. Sales of cars fell 81.8% to 2,868, SUVs fell 11.5%, and trucks dived 27%. On a brighter spot, sales of electrified vehicles expanded 117% Y/Y in June,
There is no fix that is going to happen. They are just going to keep… Greg Hunter gives The Weekly News Wrap-Up for Friday, July 2, 2021 Delta Biden, VAERS Lie People Die, Spending $1 Trillion a Night This past week, the Fed spent nearly $1 trillion in one night in the reverse repo market.
Choppy markets have defined the crypto space since Bitcoin (BTC) sold off on April 19, and indecisive markets like these can test the patience and fortitude of even the most dedicated traders and analysts, especially when the incessant calls for a bottom are met with lower lows. While the periods of low trading volume and
What Does the Department of Housing and Urban Development (HUD) Do? The purpose of the U.S. Department of Housing and Urban Development (HUD) is to provide housing and community development assistance and to make sure everyone has access to “fair and equal” housing. To achieve these goals, HUD runs or participates in many programs intended
Cathie Wood’s Ark Invest is creating a bitcoin exchange-traded fund, according to a filing with the Securities and Exchange Commission. Wood — a longtime bitcoin bull — has been buying up proxies for the digital asset in names such as Coinbase and Grayscale Bitcoin Trust. Now, the innovation investor is seeking to own the actual
Amazon executive Andy Jassy is set to be handed a stock package worth more than $200m when he takes over from Jeff Bezos as chief executive on Monday. In a regulatory filing on Friday, the company said it had approved the 61,000-share plan — to vest over the next 10 years — and elected the
The ultimate challenge for spies and analysts studying North Korea is accurately assessing the health of Kim Jong Un, the 37-year-old leader of the secretive state. Kim appeared on state television in recent weeks after a long absence and looked noticeably thinner. This sparked a frenzy of speculation among North Korea watchers from Seoul to
(Bloomberg Opinion) — Let’s say you’re one of the lucky ones and have accumulated $1 million in your 401(k) retirement account after years of working. But, like many, maybe the pandemic has made you second guess being in the office, and your employer is pushing older employees aside. So you’ve decided to retire. How can
Sun Life Financial (SLF), one of the world’s largest life insurance companies, announced yesterday it has completed its acquisition of PinnacleCare International. Based in Maryland, PinnacleCare is a private company specializing in referral services in the healthcare system and medical intelligence. It has approximately 170 employees and over 20 years of industry experience. PinnacleCare will
Traders on the floor of the New York Stock Exchange. Source: NYSE The quiet holiday week ahead could hold some fireworks for investors if the Federal Reserve reveals its thinking on its bond buying program. The four-day trading week could see stocks drift, after hitting new highs this past week. The closely watched 10-year Treasury
Atticus is the CEO of PadSplit, an affordable, shared housing model that creates financial independence for workers. During my career in affordable housing, I’ve heard many times that insufficient legal protections for tenants are the root cause of the affordable housing crisis. Recently, I’ve encountered more pushback along these lines — with some taking umbrage to
A demonstrator at a June 30 Cancel Rent and Mortgages rally in Minneapolis. Brandon Bell | Getty Images The nation’s mortgage servicers are gearing up for the biggest wave of delinquent loans since the subprime mortgage crisis, but this time they say they are ready. The first wave of borrowers to enter the government’s coronavirus
The government of Venezuela is considering a new redenomination of its fiat currency. The proposal that is under study would cut six zeroes from the inflation-affected Bolivar. This would aid companies in processing taxes and provider payments that are absurdly complex with today’s numbers. However, the dollar is the predominant coin in retail payments in
By Barbara Field, Next Avenue The U.S. Chamber of Commerce reported last summer that female-owned small businesses were “disproportionately affected by the coronavirus pandemic and corresponding economic crisis.” The prediction for growth and revenue looked depressing. But these three women, all over 50, bucked the statistics by embracing digital technology and pivoting their businesses. During the
The Puerto Rico Oversight Board on Friday filed suit against a law that would scuttle the negotiated plan of adjustment for the central government debt. The board filed an adversary proceeding in the Title III bankruptcy in the U.S. District Court for Puerto Rico against the governor and legislative leaders in defense of the negotiated
(Kitco News) Gold could see a significant rally above the $1,800 an ounce level next week after the release of the Federal Reserve’s June monetary policy meeting minutes, analysts told Kitco News. One of the biggest events to watch next week will be the Federal Reserve’s monetary policy meeting minutes. The meeting, which took place
There will be fireworks. The only question is, who will be launching them? ***** Half Dollar’s Note: Grab your less than legal fireworks, or not, throw ’em into the bed of your Giddy-Up Pick-Up Truck, and enjoy a long holiday weekend, have a Happy Independence Day, and don’t expect ‘Ol Half Dollar to get around
Transitioning from static digital collectibles to tokens with real utility will lead to a new generation of NFTs according to Tytan Inc the COO of NFTY labs, a platform focused on building products for the NFT space. In a recent interview with Cointelegraph, he said that even if the market is saturated, there is still
Google is one of the most valuable public companies in the world, after Amazon and Apple. As of January 16, 2020, Google’s parent company Alphabet Inc. (NASDAQ: GOOGL) became the fourth U.S. company ever to reach a $1 trillion market value. Unlike companies such as Apple’s reliance on more singular business lines like the iPhone
Virgin Galactic shares surged on Friday after the space tourism venture announced its next spaceflight test will carry founder Sir Richard Branson. The mission – with two pilots guiding spacecraft VSS Unity carrying Branson alongside three Virgin Galactic employees – plans to launch on July 11 from the company’s operations hub at Spaceport America in