Traders on the floor of the New York Stock Exchange. Source: NYSE April’s jobs report and a barrage of earnings news make for another busy week for markets, as the calendar rolls into May. Stocks notched solid gains in April, as REITs, consumer discretionary names and communications services companies outpaced the broader market, all more
by Martin Armstrong In the local press, a store owner in John’s Pass, one of the main tourist spots in the Tampa Bay area, wrote: “This closure was the longest amount of time that our family business has been closed in nearly 100 years. Even WWII, even the oil spills, the red tides, the hurricanes,
As Ether (ETH) made a $2,800 all-time on April 29, so did its futures open interest. The $8.5 billion figure marks a 52% monthly increase and shows robust trading activity behind the meteoric price rise. Some analysts might dismiss Ether derivatives, considering CME’s future has $355 million in open interest compared to Bitcoin’s $2.4 billion.
Yesterday morning, two major real estate investment trusts – Realty Income O and Vereit Inc. – announced that they’ll be merging this year. The deal includes Realty Income acquiring Vereit in an all-stock transaction, with the latter’s shareholders receiving 0.705 shares of the takeover stock for each of their own they currently hold. When completed,
Stacks of lumber are offered for sale at a home center on April 05, 2021 in Chicago, Illinois. Scott Olson | Getty Images As the housing market gets leaner, potential buyers are turning in record numbers to new construction, but several factors are making those homes pricier than ever before. First is a major shift
Authorities in Beijing have been conducting checks on cryptocurrency mining datacenters to assess and understand its energy consumption and thus the impact on the electric infrastructure. Although it was reported as a rumor by international media outlets, Chinese state media confirmed it. Authorities Sent an ‘Emergency Note’ to Three Biggest Telecom Operators As first reported
If you have been following the new changes in the law governing inherited IRAs, you need to know that the current IRS Publication 590-B (2020), the bible on individual retirement account withdrawals, contains an error. I confirmed this with an IRS spokesperson, who stated that the RMD example for inherited IRAs in IRS Publication 590-B
Municipals ended the week and the month quietly as participants prepare for a supply and redemption increase in May, but even with some pressure felt this week, tailwinds remain for the market. Rates rose this week by as much as six basis points on the 10-year, but on Friday, the benchmark remained below 1%. Given
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) -The gold market is seeing some modest bullish momentum as inflation pressures continue to rise due to the U.S. governments stimulus spending.
Being early is not being wrong… (by Half Dollar) Around the end of January/beginning of February, I began formulating a call which included the following: Strength in the US dollar (DXY to 95) A crash in the US stock market (no level given) Continued downside in gold (to $1700) Silver pounded into the teens (spike
What Is a Buy Limit Order? An order that allows traders to decide how much they pay by purchasing assets for less than or at a stated price, is known as a buy limit order. Use of a buy limit order assures investors that they will only be paying the buy limit order set price,
Leon Cooperman at the 2019 Delivering Alpa conference in New York on Sept. 19. 2019. Adam Jeffery | CNBC Billionaire investor Leon Cooperman told CNBC on Friday he expects the stock market will be lower than current levels one year from now. Cooperman’s comments came one day after the S&P 500 notched yet another record close
US household income last month surged by the most on record, boosted by a fiscal stimulus that also drove a sharp increase in spending. laying the groundwork for strong economic growth in the second quarter. Personal incomes climbed 21.1 per cent in March from the previous month, the commerce department said on Friday, a record
US stocks pulled back from record highs as investors weighed a mixed economic picture of strong recovery in the US, a technical recession in the eurozone and slowing growth in China. The blue-chip S&P 500 index, which crossed 4,200 to close out Thursday at an all-time high, dropped 0.5 per cent in early New York
For the first time in the company’s history, Wealthfront is giving clients the ability to self-select the investments in their automated portfolios. Investors can adjust the holdings in one of the robo advisor’s model recommendations or build a portfolio from scratch, according to a blog post on Wealthfront’s website. Products are limited to a selection
Restaurant Brands International (QSR) shares jumped more than 3% in early trading Friday after the quick-service restaurant company reported 1Q profit and sales up from a year ago. Restaurant Brands’ revenue came in at $1.26 billion for the quarter ended March 31, an increase of 2.4% from $1.23 billion in the prior-year quarter. A reopening
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter shares plunged 12.4% in premarket trading after it warned of rising expenses and a possible slowdown in user growth. Twitter beat estimates for its latest quarter by 2 cents a share, with earnings of 16 cents per share. Revenue
by howmuch The coronavirus pandemic has caused widespread revenue loss for lots of different industries, but none more so than the tourism sector. We focused on the highest tourism countries to visualize the negative impact of COVID-19 on a year-over-year basis. The economic losses are staggering. Use this visualization Spain had the single biggest drop
More USD Coin (USDC) was printed on April 30 than at any time in the dollar-backed stablecoin’s existence, as just over $3 billion was minted in one fell swoop. New USD Coins are minted whenever a customer exchanges their U.S dollars for the stablecoin, and Friday’s influx amounted to over 26% of its market cap
Andrew Lanoie is a Best Selling Author, Investor and Podcaster at The Impatient Investor, as well as Co-Founder of Four Peaks Partners. The public perception is that as the economy and the housing market go, so does the rest of the real estate market. With anxiety over a potential housing crash, what would be the possible
PeopleImages | E+ | Getty Images If you are in the market for a new house, you may be overlooking one key to your success: your credit score. That three-digit number has a direct impact on your ability to get a mortgage and what interest rate you will pay. Mortgage rates are at two-month lows,
In less than three days, the renowned photographer Jesse Frohman will be holding an auction featuring a non-fungible token (NFT) collection of his last photoshoot with the now-deceased Nirvana frontman Kurt Cobain. On May 3, at 12 p.m. (ET) Frohman’s iconic photos that were transferred into NFTs will be auctioned for ethereum. A portion of
The story about how Archegos Capital Management performed a disappearing act with $20 billion it managed in as few as two days is shocking, but it’s also sad. Its manager, Bill Hwang, has a bit of a checkered past from a regulatory perspective, but it seems, by the accounts of many, that he was a
Rising passenger traffic prompted Fitch Ratings to revise its outlook on the Greater Orlando Aviation Authority, Fla.’s airport facilities revenue bonds to stable from negative. Fitch also affirmed the authority’s $1.8 billion of outstanding senior lien bonds at AA-minus and $968 million of outstanding subordinate lien bonds at A-plus. Fitch said the outlook revision reflected
Bloomberg Warren Buffett Poised to Weigh In on How Berkshire Fares Post-Pandemic (Bloomberg) — A year after Warren Buffett revealed he was unloading airline stocks as the pandemic took hold, Berkshire Hathaway Inc. shareholders are eager for his sense of what’s next for the conglomerate with more Americans emerging from lockdown.On Saturday, Berkshire’s chief executive
People who have been fully vaccinated can now go outside without masks. Meanwhile the mainstream media continues to… by Daniel McAdams and Ron Paul of Ron Paul Liberty Report The CDC announced this week that people who have been fully vaccinated can now go outside without masks on. Meanwhile in many of the open states
Gold funds provide investors with exposure to the commodity without having to deal with the hassle of taking delivery of or delivering physical gold assets, which is typically required in the commodities futures market. Gold funds may be used as a hedge against geopolitical instability or interest rate risk. Although Vanguard does not offer a
The Indian Premier League has provoked outrage for playing through the country’s brutal Covid-19 wave, drawing accusations of “crass” conduct and diverting vital resources from fighting the public health emergency. Several players including Ravichandran Ashwin, India’s premier off-spinner, and three Australians pulled out of the cricket tournament this week over concerns about India’s rising caseload.
AstraZeneca generated $275m in revenue from its non-profit Covid-19 vaccine in the first quarter, while sales of cancer drugs and growth in emerging markets helped the drugmaker beat earnings and sales expectations. The pharmaceutical company confirmed its full-year forecasts of revenue increasing by a low-teens percentage, with core earnings per share rising faster, to between
The acquisition frenzy for independent advisory firms may be about to get even hotter. That’s the thinking of some industry dealmakers, who predict that President Biden’s proposal for tax increases on the wealthy will pour fuel onto the already-hot market of deals to acquire RIAs. For advisors who are nearing retirement, or who are younger,