Whether voters will get to decide proposed Detroit charter revisions opposed by the city’s mayor as a threat to its fiscal solvency is headed to the Michigan Supreme Court. The Michigan Supreme Court agreed Friday to the Detroit Charter Review Commission’s request that it take up the question after an appellate court Thursday upheld a
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) – According to the Australian Government’s Department of Industry, Science, Energy and Resources (DISER), global lithium production was stronger than anticipated
Russia is joining China in building huge, undisclosed physical gold reserves… by Samuel Briggs via Kinesis Money This week, Andrew Maguire reveals that Russia is joining China in building huge, undisclosed physical gold reserves: [embedded content] The precious metals expert explains the resulting pressure piled on the BIS and the significant threat posed to dollar
Elon Musk is definitely interested in digital currency, but it seems that he doesn’t want to understand it. At least, I worry that he doesn’t have a deep enough understanding of Bitcoin (BTC) and decentralized systems in general. A decentralized system has to be secure, and proof-of-work (PoW) is the solution for Bitcoin to secure
Exchange-traded funds (ETFs) are giving mutual funds a run for investors’ money, and one reason is that ETFs can get around the tax hit that individual investors in mutual funds can encounter. Mutual fund investors pay capital gains tax on assets sold by their funds, with occasionally wrenching consequences. During the financial crisis, for example, many mutual funds were
The market conditions and technology in the mania over current meme stock AMC Entertainment are vastly different from day trading during the dot-com bubble of the late 1990s, online brokerage pioneer and former options trader Tom Sosnoff told CNBC on Friday. “There’s no comparison between the day traders of 1999-2000, and that first transition into
It was almost 6.45pm on Saturday, February 1 2020, when Dr Anthony Fauci fired off the email which would pitch him into possibly the biggest controversy of his time as one of America’s most prominent public scientists. “Thanks Kristian. Talk soon on the call,” he wrote. While the response was innocuous, the context was explosive.
The G7 advanced economies have struck what they have termed a “historic agreement” on taxing multinationals in a bid to create unstoppable momentum for a global deal. A communique issued on Saturday showed that the US, Japan, Germany, France, UK, Italy and Canada had found enough compromise both to stop companies shifting profits to low
The surge in early retirements spurred by the pandemic is increasing inequality among baby boomers in the U.S., with older Black workers without a college degree more likely to be forced to exit the labor market prematurely, a study showed. At least 1.7 million older workers retired early because of the pandemic crisis, according to
The EV segment has suffered at the hand of macro developments in 2021. For one, investors have pivoted away from growth stocks – under which you can add EV makers – to safer investment havens as fears of inflation have come to the fore and interest rates have risen. At the same time, the global
A help wanted sign is posted at a taco stand in Solana Beach, California. Mike Blake | Reuters Hiring improved in May, but 559,000 new jobs aren’t enough to spur the Federal Reserve to begin to talk about tapering back its bond purchases. Friday’s Labor Department report on new payrolls was below the 671,000 expected
Sharing is Caring! By Chris Black There’s huge media hype after a number of Anthony Fauci’s emails were released this week after a FOIA request via BuzzFeed. Truth be told, there’s nothing actually important or even interesting in the respective emails. Many are excited about Fauci telling his colleagues back in February 2020 to not
With 1,350 miles of coastline, Florida is second to only Alaska when it comes to waterfront real estate in the United States. But not all 1,350 miles are made equal. Some coastal stretches are known for white sand and crystalline waters, some are known for the golf courses, and others for the charm and tranquility—but
Norton has added a cryptocurrency mining feature to its antivirus software. Users will be able to mine ethereum while their computers are idle. Miners can track and transfer their crypto earnings into their Norton Crypto Wallet. Antivirus Software Can Mine Crypto Nortonlifelock (NASDAQ: NLOK), a global cybersecurity company, announced Wednesday the launch of Norton Crypto,
By Chris Farrell, Next Avenue Enjoyed a meal with friends at a restaurant recently? Booked a trip for your summer vacation? You don’t need government data to see that the economy is gathering momentum with the Covid-19 vaccine rollout; Wall Street and Corporate America are exuding confidence about it. Yet not everyone shares their optimism, including
California voters rejected a school bond measure for the first time in 30 years in March 2020 and state Sen. Steve Glazer, D-Orinda, wants a do-over. His Senate Bill 22, the Public Preschool, K-12 and College Health and Safety Bond Act, passed the Senate Thursday on a 31-5 vote. If the State Assembly approves it,
[embedded content] The Biden Administration has maintained the stimulus check program of $300 a month to disincentivize people from returning to work, thereby creating a labor shortage and indirectly cause wages to rise, said Mark Skousen, editor-in-chief of Forecasts & Strategies. “I think actually this is a deliberate policy by the Biden Administration to encourage
In America, we can just dig a little deeper into our pockets in order to pay our rising grocery bills, but in the poorest areas of the world, higher prices can mean… by Michael Snyder of The Economic Collapse Blog Conditions are heading in the direction that we have been anticipating, and that is not
Last week’s tumultuous 30% crypto market dip and subsequent quick recovery left many wondering what comes next. Crypto circles aside, the conversation around the importance of building solid, broadly usable applications is louder than ever. Crypto will cease to be perceived as a casino on the edges of the internet when participation outweighs speculation. An
Productivity measures the efficiency of a company’s production process. It is calculated by dividing the outputs produced by a company by the inputs used in its production process. Common inputs are labor hours, capital and natural resources, while outputs are generally measured in sales or the number of goods and services produced. Productivity can be
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman said he expects to close his SPAC deal to buy 10% of Universal Music Group for around $4 billion later this month. Ackman’s blank-check company Pershing Square Tontine Holdings (PSTH) is likely to finish the transaction by June 22,
Indian airline tycoon Ajay Singh had little experience in healthcare but last November, as the country was being pummelled by coronavirus, he suddenly branched out into Covid-19 testing and later genomic sequencing. Known for his close connections with Narendra Modi, India’s prime minister — he is credited with coining the 2014 election slogan “This time,
Sir Anthony Seldon, 67, has written and edited more than 40 books on contemporary history, including biographies of John Major, Tony Blair and David Cameron. He was vice-chancellor of the University of Buckingham until 2020 and was knighted in 2014 for services to education and modern political history. What was your childhood or earliest ambition?To
It’s a wealth management paradox. Women currently control $10 trillion of wealth in the U.S., an amount expected to triple by the end of the decade. Why, then, does the advisory industry tend to treat them as if they can’t possibly understand how to handle the money they’ve earned or inherited? Granted, in studies, reports
Amazon (AMZN) has been on a media spending spree recently. From the NFL it has acquired the exclusive rights for 16 Thursday night football games for a period 11 years (between 2022 until the end of 2033), in a deal worth $11 billion in total. It has also splashed out $465 million to be able
The exterior of the headquarters of biotechnology company Biogen in Cambridge, MA is pictured on March 21, 2019. John Tlumacki | Boston Globe | Getty Images DocuSign – Shares of the electronic signature company surged 19.7% after beating on the top and bottom lines of its quarterly earnings. DocuSign earned 44 cents per share on
Sharing is Caring! by David Haggith The S&P 500 failed a breakthrough on Thursday and tucked its head back below its 4200 ceiling again, where it has remained rangebound for weeks. Job news on the economic front that many analysts toasted as great could not lift sentiment out of the doldrums on Thursday, nor could it
Kevin is the Founder of Marker Real Estate, an innovative firm with a transparent, inclusive, client-focused strategy. When I was a new agent, I never specialized in one market or type of property. I raised my hand for every possible opportunity and chased down these opportunities to the very end. I believe that my decision to
teekid | E+ | Getty Images After Janell Ivy lost her job at a daycare center because of the pandemic, she fell behind on her $890 rent. The single mother feared that she and her four children, all under the age of 7, would be evicted from their apartment in Houston. She packed up her
Pascal Blanque, CIO of Amundi, one of the biggest asset managers in Europe, has stated that bitcoin and other cryptocurrencies are a farce, exposing its skeptical stance on the real value of cryptocurrencies. The investor stated that crypto assets are an expression of markets making bubbles and that investors should focus on other more logical