Most entrepreneurs are risk-takers by nature, or at minimum calculated visionaries with a clear plan of action to launch a new product or service to fill a gap in the industry. On a personal level, many entrepreneurs take big risks to leave stable jobs to throw their efforts (and sometimes their own money) into launching
At 2am on the morning of May 11, Thomas Lauria poured himself a glass of Jack Daniel’s even though he was still at work. A partner in the Miami office of law firm White & Case, Lauria had spent the previous 15 hours overseeing a tense auction between two rival private equity consortiums for Hertz,
When Federal Reserve officials convene on Tuesday for their latest two-day monetary policy meeting, questions over whether the central bank should start talking about tapering its $120bn monthly bond-buying programme will lead the agenda. Since the US central bank last met in late April, several senior Fed policymakers, including vice-chair Richard Clarida, have cracked the
Warren Buffett, until last year a devoted shareholder of big U.S. banks, has moved on to their challengers. Does that spell the end of his faith in the traditional financial sector? This week, Berkshire Hathaway Inc. poured $500 million into Brazil’s Nubank — the fintech company’s largest single investment — giving it a valuation of
U.S. stocks were mixed last week. The S&P 500 index closed on Friday at a record high. Real Estate and Healthcare names rallied, while the Financial sector lagged. Last week’s main economic news was the May U.S. consumer price index (CPI) report. It announced on Thursday that consumer prices rose 5% year-over-year last month or
As temperatures rise, so has the demand for Manhattan real estate. The median number of signed contracts across all Manhattan neighborhoods is up a staggering 78% compared to the same time last year, according to an analysis by real estate data firm UrbanDigs. Popular neighborhoods include Morningside Heights, where 56 contracts were signed this year,
The Bitcoin Mining Council has gone live, launching its own website detailing its members and the mission statement of the organization. The council originated as a closed organization, but they are now allowing any miner to join. While Michael Saylor gets a founding member status, the site states Elon Musk has “no role” in the
The Covid-19 pandemic made many pre-existing economic inequalities worse, including the precarious situation of Black and non-white workers and the pressures on women to juggle work and care responsibilities. The pandemic also magnified economic pressures on vulnerable older workers, and our post-pandemic economic and equity policies must include them. Why do older workers matter to the economy? First, they make up
A $4.4 billion, three-year boost in Wisconsin revenue projections will drive its once barren budget reserve to record levels and throw more fuel into the partisan showdown over the next state budget. The Legislature Fiscal Bureau’s fresh round of revenue projections – which are offered biennially in the spring to allow lawmakers to finalize the
[embedded content] (Kitco News) Gold’s $1,900 an ounce level remains a high hurdle to breach, but analysts still expect more gains for the yellow metal this summer. With U.S. inflation now running at an annual pace of 5%, the attention is turning to the Federal Reserve meeting next week. The key question is whether the
We’re getting a real-world economics lesson in rip-your-face-off increases in prices, and the tuition is about to go up. Way up… by Charles Hugh Smith via Of Two Minds We’re getting a real-world economics lesson in rip-your-face-off increases in prices, and the tuition is about to go up–way up. Inflation will be transitory, blah-blah-blah–I beg
Bitcoin’s (BTC) succession of sharp corrections from its all-time high at $64,900 has turned investor sentiment negative, at least for the short-term. While some analysts believe the bottom may have been hit, others are warning of a further fall due to the “Death Cross” pattern that, at the time of writing, is on the verge
Even though you’re still busy working, the year before retirement is a key time to review your finances and make decisions that will affect the rest of your life. You need to take specific financial steps to ensure the comfortable and worry-free retirement you’ve always imagined. Make sure to address each of the tasks below
India’s largest domestic airline says it is building a war chest of more than $1bn as it prepares for a third wave of Covid-19 infections, just as a brutal nationwide outbreak begins to recede. Ronojoy Dutta, chief executive of IndiGo Airlines parent InterGlobe Aviation, told the Financial Times he hoped the carrier’s business would return
Aung San Suu Kyi is running low on money, does not know where she is being detained and is mostly unaware of the violent unrest unfolding in her country, according to her lawyer. The ousted 75-year-old Myanmar leader’s trial will open on Monday in Myanmar’s capital Naypyidaw, where she faces a widening array of charges
The outlook for the global asset management industry, plagued in recent years by unmerciful downward pressure on fees, is starting to look brighter. With memestocks, decentralized finance and non-fungible tokens capturing the headlines, money managers need to keep up with the zeitgeist. A new report suggests that the cryptocurrency markets offer a great opportunity for
Henry Schein (HSIC) has revealed that it has acquired a 70% ownership stake in eAssist Dental Solutions. The financial terms of the deal have been kept under wraps. The deal is expected to be modestly dilutive to the company’s financial results in 2021, and to be accretive thereafter. Henry Schein is a global distributor of health care
In this article WFC CLNE RIDE The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Clean Energy Fuels — Shares of Clean Energy Fuels
If you’re looking for a slice of Palm Springs in Los Angeles, the newly listed Lynch Residence in Studio City checks all the boxes. The midcentury gem was designed and built in 1955 by Harold B. Zook, and remains a stellar example of the architect’s mastery of form that follows function. It’s for sale at
kate_sept2004 | E+ | Getty Images Before you take out a mortgage or car loan, check your credit report. It may have a mistake that could cost you. It’s not as uncommon as you may think. More than one-third, or 34%, of Americans found at least one error on their credit report, according to a
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have warned investors of the risks of investing in funds with exposure to bitcoin futures. The SEC published an investor alert on funds trading in bitcoin futures Thursday. The alert comes from the SEC’s Office of Investor Education and Advocacy (OIEA)
Recently, President Biden unveiled his 2022 budget request. Shortly afterwards, and for the first time since the Obama Administration, the U.S. Treasury Department released its General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals, better known as the “Green Book.” As was widely anticipated, President Biden’s budget calls for some significant changes to the capital
Two bipartisan Senate infrastructure proposals unveiled Thursday have raised hope that the Biden administration will avert a Democrats-only approach. One involves a wide-ranging framework worked out by 10 senators while the other involves more narrowly tailored legislation that would spend $78 billion on passenger and freight rail. The narrowly focused bill is the latest bipartisan
Silver prices edged lower on Friday, declining by 0.25%, but settled up about 0.45% for the week. The surge in the dollar on Friday generated headwinds for silver and the entire precious metals complex. With yields not impressed with higher inflation levels, lower yields are likely to weigh on the dollar and eventually buoying silver
How do you evaluate the role of precious metals as a hedge and an insurance against political and monetary excesses? ***** Editor’s Note: This is Part II of a two-part series. Click Here for Part I. ***** by Claudio Grass via Claudiograss.ch Interview with Fernando del Pino Calvo-Sotelo: Part II of II Claudio Grass (CG): In
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bill to make Bitcoin legal tender passes in El Salvador
Under normal circumstances, the number of payments you can miss on your mortgage is four before the foreclosure process begins, but this also depends on a number of factors, including your lender’s particular policies and the housing market. However, during the coronavirus pandemic, the federal government has protected mortgages insured by the Federal Housing Authority
In this article PSTH Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Company: Pershing Square Tontine Holdings, Ltd. (PSTH) Business: Pershing Square Tontine Holdings is a special purpose acquisition company (“SPAC”). The firm does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition,
The US has charged a Malaysian financier and a former member of the hip hop trio Fugees with back-channel lobbying to drop a probe linked to the 1MDB Malaysian state investment fund embezzlement scandal and to extradite a Chinese dissident based in the US. Jho Low, the alleged mastermind behind the fraud at 1MDB, and
To celebrate the easing of restrictions in Miami in April, Beyoncé and her husband Jay-Z went out for a lavish dinner with friends. Her post-lockdown outfit? A sheer mesh mini-dress complete with long matching gloves by UK label Auné. The $275 dress instantly sold out online. Beyoncé’s attire reflects the same mood as the spring/summer runways