The S&P 500 is up 27% over the last 6 months, and Wall Street’s analyst class is starting to point out that we may be due for some deceleration. In part, this may be an application of physics to market activities – what goes up must come down – but it may also be tied
In this article UBSG-CH CROX TSLA Victor J. Blue | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Tesla — Shares of the electric vehicle company slipped nearly 2%, despite headline beats on earnings and revenue for Tesla’s first quarter. The company’s net profit was boosted by regulatory credits and
by Michael Snyder Lots of people have been moving away from the west coast over the last decade, but we have never seen the sort of mass exodus that we have seen over the last year. This mass exodus has created some extremely hot real estate markets in desirable areas located away from the coast,
Crypto data aggregator CoinMetrics has compiled a list of 100 insights into the recent performance of the digital asset markets — and the figures add up to a very bullish picture for the ecosystem. Released to celebrate the 100th issue of its State of the Network report, the list notes that a $100 investment made
Accessory dwelling units are a fast-growing trend in the real estate industry, especially in high-priced markets like California’s major metros. One increasing use for these tiny spaces is seniors turning their long-time residences over to their adult children’s families and moving into small bonus homes added to their properties. “The number of permits taken out
press release PRESS RELEASE. The propelling demand for NFTs doesn’t look like slowing anytime soon and India’s Antier Solutions is all prepared to ride the tide. As one of the earliest entrants into the business, the blockchain development company has marked an impressive feat in a short time. With a comprehensive portfolio of NFT development
Today’s column addresses questions about how stopping work before claiming a Social Security retirement benefit can affect the benefit amount, divorced spousal benefits and the family maximum that can be claimed on a single record and how the Government Pension Offset (GPO) is applied. Larry Kotlikoff is a Professor of Economics at Boston University and
Municipals were little changed, but saw slight weakness in the short- to intermediate-range for a second day in a row Tuesday, as Treasuries were also weaker on the first of the two-day Federal Open Market Committee meeting while more positive economic data came in stirring inflation concerns. Only the short- to intermediate-slope of benchmark high-grade
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) – First Quantum Minerals (TSX:FM), one of the largest copper producers globally, today reported that its total copper production was 205,064
Why are many governments now talking about taxing bitcoin and cryptos or outright banning them? Here’s why… by Jason Burack of Wall St For Main St At the end of January 2021 India was already talking about banning Bitcoin and crypto currencies. Now, in just the last 10-14 days many, many more governments including Turkey,
Most people think of YouTube (GOOG) as a place to find instructional videos, watch music videos or to waste time. Another group of people, however, look at YouTube as a major revenue source for their online business. In fact, in 2020 the highest paid Youtube channel is Ryan Kaji who reportedly made $29.5 million last year. Making money
CNBC’s Jim Cramer on Tuesday expressed some disappointment in Tesla‘s first-quarter earnings report and subsequent conference call. “I have to be somewhat critical. This was not the blowout quarter,” Cramer said on “Squawk on the Street,” describing the numbers released Monday by the electric vehicle maker as “very good” relative to certain industry peers. He
Surging sales of PCs and gaming consoles, along with a growing dependence during the pandemic on digital services delivered through the cloud, pushed Microsoft’s financial performance ahead of expectations in the opening months of this year, according to figures released late on Tuesday. However, the software company’s shares fell back 3 per cent in after-market
Lotus has committed to building electric sports cars in the UK as part of a £2.5bn plan that will lead to a 10-fold rise in production. The brand expects sales of “tens of thousands” of cars a year by the middle of the decade, compared with just 1,378 last year, as it overhauls its entire
After taking a year off from M&A, one of the best known RIA aggregators plans to leverage its incoming private equity infusion toward a more constant flow of deals. On April 23, Mariner Wealth Advisors announced an agreement to sell a minority stake to Leonard Green & Partners. The Overland Park, Kansas-based firm is following
TFI International (TFII) reported its first-quarter financial results on April 27 after market close. The transport and logistics company posted higher revenue and profit. TFI International’s revenue came in at $1.15 billion for the quarter ended March 31, an increase of 24% from $0.92 billion in the prior-year quarter. Operating income increased 17% to $101.7
In this article V GOOGL MSFT SBUX AMD AMGN TXN People wear protective face masks outside Starbucks in midtown as the city moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 23, 2020 in New York City. Noam Galai | Getty Images Check out the companies making headlines
The overall cryptocurrency market saw a second day of gains on April 27 after the weekend sell-off proved to be a good buying opportunity for retail and institutional investors. Lower gas fees following the Ethereum network’s Berlin upgrade along with an increase in institutional buying and decentralized finance activity lifted the price of Ether to
Billionaire Lynsi Snyder, who took over the reins of In-N-Out Burger in 2010, is selling her sprawling compound in guard-gated Bradbury Estates in the Los Angeles area for $16.8 million. It’s the most expensive listing currently on the market in the San Gabriel Valley. In 2017, Snyder had the Mediterranean-style retreat on the market for
A sold sign in front of a new home being built on April 16, 2021 in Miami, Florida. Joe Raedle | Getty Images A strange and exciting anomaly surfaced in March housing data. The median price of a newly built home was slightly lower than the median price of an existing home sold that month. That
press release PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the Unmarshal Token (MARSH) under the pair USDT/MARSH on Apr 26 at 1:00 p.m. UTC. Unmarshal is a Chain-Agnostic blockchain protocol consisting of a network of blockchain indexes to curate
April is National Financial Literacy Month. What began with the National Endowment for Financial Education as Youth Financial Literacy Day in 2000, has evolved into a month-long observance for people of all ages to learn about and improve their finances. Financial literacy is critical for understanding how to save, earn, borrow, invest, and protect your
The U.S. Census released a population figure for Puerto Rico that revealed the Puerto Rico Oversight Board’s population assumption to be too pessimistic. On Tuesday the Census Bureau reported Puerto Rico’s population on April 1, 2020 at 3.29 million. In the fiscal plan the board approved Friday, the board estimated the island’s population to be
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) – Russia’s Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announced
Can Biden’s tax plans cause problems in the not-too-distant future? Martin Armstrong interviewed on USA Watchdog by Greg Hunter According to a recent poll, 51% of Americans think Joe Biden cheated to get into the White House. The breakdown is 74% Republicans and an astounding 30% Democrats think cheating played at least a part of
Capitalism, at least in its pure theoretical form, is supposed to reward success and punish failure. Build a better mousetrap, sell enough units at a sufficiently high markup, and you’ll prosper. Burn through billions of dollars of investors’ money without showing a profit, and you should cease operations and find yourself another line of work.
A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images GameStop‘s stock price climbed in extended trading Monday after the video game retailer said it sold 3.5 million additional shares, raising $551 million to speed up the company’s e-commerce transformation. The stock, favored
Florida, as the ageists put it, is “where America goes to die”. It is also where the Republican party goes that it might live again. From Palm Beach, Donald Trump and his court consider another run at the White House in 2024. Miami confounds the rule that big international cities are axiomatically leftwing. As for
A defence which is easy to find can be made far harder by the correct declarer play. Here, however, East-West saw through the occlusion and struck — fatally. Bidding Dealer: South Love All North East South West — — 1NT NB 2C NB 2D NB 3NT West led J♥. Declarer counts eight tricks in hearts
Not just the uber-wealthy are stressing out over President Biden’s plan to raise taxes on investment profits. Many independent financial advisors are also in those crosshairs if they aim one day to sell their practice or pass it on to heirs. Biden’s plan to nearly double the capital gains rate for those making at least