Take a look at some of the biggest movers in the premarket: American Airlines (AAL) – The airline lost $4.32 per share for the first quarter, one cent a share wider than consensus estimates. The stock rallied 3.6% premarket after American said its cash flow turned positive by the end of the quarter, excluding debt
We are in an unprecedented period of social, political and economic turmoil. As the decentralized financial infrastructure powering billions of dollars of value and building thousands of companies grows, we need to recognize instability around us. The systems, protocols and incentives we create now can be less susceptible to censorship, government overreach and misinformation. Ethereum
Fifty-million-dollar sales grab headlines. But a better reflection of how New York City’s real estate market has fared recently are what might be called “regular” luxury sales. Record-busting transactions in Brooklyn’s Park Slope and Manhattan’s Morningside Heights prove the pandemic has not stripped the life from the sector. Far from it. Observers who believe Covid
The tax department of the Seoul metropolitan government in South Korea has reportedly seized cryptocurrencies worth about $25 million from hundreds of crypto investors with delinquent taxes. The cryptocurrencies, including bitcoin, were seized from three exchanges. The tax authority is now going after hundreds more taxpayers who are delinquent on paying their taxes. Crypto Seizure
Caveat Emptor: This piece is not about the fairness of our tax system. It is a simple analysis of the proposed business tax plans in DC at the time of this piece. Draw your own conclusion about the fairness of the tax system, and who should pay what. There are tax increases in the works
The Puerto Rico Oversight Board approved a central government fiscal plan that is more optimistic than the one it approved last spring, and the revised sales and use tax revenue figures may benefit some bondholders. The fiscal plan projects a total government surplus of $15.2 billion from fiscal year 2022 to FY 2035. FY 2022
Subscribe to Kitco Roundtable on iTunes Lithium miners Orocobre and Galaxy Resources merged this week in a A$4 billion (US$3.1 billion) deal to create the world’s fifth-largest global lithium chemicals company. The deal was highlighted by Mining Audiences Manager Michael McCrae on Kitco Roundtable recorded with Kitco correspondent Paul Harris, editor Neils Christensen and special
Face masks do not work to stop the spread of the virus. This is yet another Covid lie perpetrated on the public for more than a year…. Greg Hunter gives the Weekly News Wrap-Up for Friday, April 23, 2021 Chauvin Appeal, 2020 Election Audits, Masks Don’t Work Face masks to fight CV19 don’t work. Don’t
A single stock future (SSF) is a futures contract between two parties. The buyer of the SSF, or the “long” side of the contract, promises to pay a specified price for 100 shares of a single stock at a predetermined future date (the delivery date). The seller, who is on the “short” side of the
Secretary of Energy Jennifer Granholm speaks during the daily press briefing on April 8, 2021, in the Brady Briefing Room of the White House in Washington, DC. Brendan Smialowski | AFP | Getty Images Energy Secretary Jennifer Granholm on Friday emphasized the need for the world to come together in an effort to tackle climate
Jean-Michel Basquiat drew inspiration from black boxers, African sculpture and racial discrimination when he produced “Untitled (Black Figure)” in 1982, one of the many masterpieces in which he broke new ground in art. That same year, Lee Kun-hee steered Samsung’s top engineers towards mastering how to transfer millions of metal-oxide-semiconductor transistors on to a single
On November 7, when the US presidential race was called in Joe Biden’s favour, his running mate Kamala Harris shared a video on her Twitter page of her ringing the president-elect to congratulate him. Dressed in leggings and a Nike sweatshirt and in the middle of exercising, 56-year-old Harris told him: “We did it. We
A common reaction to hearing about a pregnancy is to say congrats and perhaps send a onesie. But there are other ways to celebrate and support newly expecting parents. When my sister-in-law announced her pregnancy last fall, my brain leapt to how my husband and I could save and invest for our future nephew. Savings
The semiconductor industry is known for its cyclical nature and has been through one of its boom phases. However, Susquehanna’s Christopher Rolland says the cycle is reaching a peak. “Industry lead-times and valuation multiples have expanded to levels well beyond their historical averages,” says Roland. With the segment due a pullback, Rolland thinks it’s time
Traders on the floor of the New York Stock Exchange. Source: NYSE The final week of April is going to be a busy one for markets with a Federal Reserve meeting and a deluge of earnings news. Hot topics in markets will continue to be inflation and taxes. President Joe Biden is expected to detail
As Bitcoin (BTC) lost the $52,000 support on April 22, the futures contracts funding rate entered negative terrain. This uncommon situation causes the shorts, investors betting on price downside, to pay fees every eight hours. While the rate itself is mildly damaging, this situation creates incentives for arbitrage desks and market makers to buy perpetual
With one too many homes and one of Hollywood’s busiest schedules, high-profile celebrity power couple John Legend and Chrissy Teigen have cut the price of their Beverly Hills mansion that was listed last summer for $23.95 million. The home is now on the market for $17.95 million. The couple spent considerable time and money creating a
South Korea’s crypto-sphere has been witnessing a volatile environment in terms of regulatory moves, as bitcoin prices and other altcoins are also having wild moves. Such a scenario hasn’t stopped the country’s middle class to profit from the crypto market, even with very successful stories. One of the Interviewees Risked His Life Savings in Cryptos
By Richard Haiduck, Next Avenue Gen Z digital natives have grown up comfortable in a world of technology, but they can also benefit from wisdom that comes from experience. Combining the expertise of Gen Z and boomer generations could be a new formula for a startup business to succeed. At least that’s what I’m finding in
An agreement reached Friday between Florida and the Seminole Tribe is expected to provide the state with at least $2.5 billion in new revenue over the next five years. The compact authorizes the Tribe to allow sports betting for the first time and allow casinos to operate on Tribal lands. “This historic compact expands economic
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) – Unfortunately, it has not been a good week for the team at Kitco. We had to say goodbye to one
The precious metals sector looks like it is beginning an important new uptrend… by Clive Maund via Streetwise Reports Gold and silver improved last week and we saw a tentative breakout by precious metals stocks from the downtrend they have been stuck in since last August. The purpose of this update is to point out
Ever since the founding of the Bank of North America in 1781, banking has played a critical role in facilitating the American Dream. These institutions provide indispensable monetary services, ranging from accepting deposits to offering loans. Credit is king in the United States, and without high-quality financial institutions, countless Americans would struggle to acquire vehicles,
SpaceX CEO Elon Musk gives an update on the next-generation Starship spacecraft at the company’s Texas launch facility on September 28, 2019 in Boca Chica near Brownsville, Texas. Loren Elliott | Getty Images News | Getty Images SpaceX founder and CEO Elon Musk remains focused on his vision for the company: Establishing a permanent human
Joe Biden will travel to the UK and Belgium in his first overseas trip as US president in June as he tries to rejuvenate transatlantic relations following a cooler period under former president Donald Trump. The White House said Biden would attend the G7 summit in Cornwall, UK, and hold bilateral meetings with other leaders,
Sarah Raven’s advice on planting for colour (“The gardener’s palette”, FT Weekend, April 3) might remind readers that artist Claude Monet planted his garden at Giverny over a century ago with an acute eye for colour. Beds of flowers range from the “hot” reds and oranges in the west of the garden to the “cold”
A rare activist-investor campaign to overhaul a midsize wealth manager ended in a resounding defeat in a shareholder election held at the firm’s annual meeting. Shareholders of Avantax Wealth Management parent firm Blucora re-elected all 10 of the Dallas-based firm’s directors “by a wide margin” on April 21, according to preliminary results released by the
Consumer spending has long been the engine of the US economy, which is what made the social lockdown policies put in place against COVID so devastating. By forcing the public to stay home, the policies effectively shut down the main source of economic activity. Fortunately, we are now on an upswing; COVID is on the
A traveler wearing a protective mask speaks with an attendant at the Southwest Airlines check-in area at Oakland International Airport in Oakland, California, U.S., on Tuesday, Jan. 19, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. AT&T — The telecom and media stock jumped 4.6%
If you are thinking about buying shares of Microsoft Corp., or already own them, you need to understand key metrics and issues related to the company. The numbers, below, show how Microsoft MSFT stacks up against competitors, and where its strengths and weaknesses lie. Keep in mind that no two companies are alike — even