A picture of a woman starting Netflix on a TV inside her apartment. Artur Widak | NurPhoto | Getty Images Check out the companies making headlines in midday trading. Netflix — The streaming giant’s shares plunged more than 6% after the company reported a big subscriber miss as the demand surge from the pandemic started
by confoundedinterest17 Yikes! The Federal Reserve continues to print money at a historic high rate and with it we get an epic asset bubble as demonstrated by the Buffett Indicator (Stock Market/GDP) plotted against M2 Money. Note that the dot.com bubble of the late 1990s was seemingly detached from Fed money printing. As such, the Shiller
PancakeSwap, a syrupy rabbit-themed decentralized exchange that calls the Binance Smart Chain its home, has surpassed the entire Ethereum network in terms of transaction volume over a 24-hour period. Data courtesy of DappRadar shows over 2 million transactions for PancakeSwap compared with 1.55 million for Ethereum. At the same time, Binance Smart Chain reported over
The University of Illinois Urbana-Champaigns’ Solar Decathlon 2020 entry, focused on a growing market of young professional homeowners seeking an affordable home that can adapt to their growing needs. The house was called the ADAPTHAUS because the team designed the house with several features that can be altered to function for multiple purposes and be
In this article YELP Kevin Kahovec and Mary Kate McGovern chat at Rizzo’s Bar & Inn in Wrigleyville as coronavirus disease (COVID-19) restrictions are relaxed in Chicago, Illinois, March 6, 2021. Eileen T. Meslar | Reuters More than 500,000 new businesses opened across the United States in the past year, new data from Yelp showed,
The cryptocurrency proposed by social media giant Facebook is gearing up to launch using a “phased approach,” its co-creator explains. The Diem Association, which oversees the crypto’s development, has been in talks with regulators to obtain a license. Diem Updates Launch Plan The Facebook-backed cryptocurrency “diem,” formerly called libra, is taking a “phased approach” to
A lot of people think about relocating in retirement, and I’ve written articles in the past about relocating in retirement to save on taxes. A recent study compared the states based on 32 different rating factors and the results were not what I had espoused based on taxes and cost-of-living alone. If you are planning
Municipals were steady on Wednesday as the focus remained on the primary with secondary trading light and high-grade municipal scales and U.S. Treasury yields both unchanged while investors again poured in billions into municipal bond mutual funds. “Munis continue to rest comfortably in their range as bulge bracket deals hit the primary,” Jeffrey Lipton, head
Silver Video 21.04.21. Test Of Resistance At $26.25 – $26.30 Silver managed to get above the resistance at $25.85 and is trying to settle above the resistance at $26.25 – $26.30 while the U.S. dollar is gaining ground against a broad basket of currencies. The U.S. Dollar Index has recently managed to get above the
It just may be, all this activity, from the ground up, and in other nations, has finally reached a pinnacle that the Comex and LBMA warehouses have to deal with… by J. Johnson via JS Mineset Great and Wonderful Wednesday Morning Folks, June Gold is up $5.80 with the trade at $1,784.20 with the
Netflix Earnings Results Metric Beat/Miss/Match Reported Value Analysts’ Prediction EPS Beat $3.75 $2.97 Revenue Beat $7.2B $7.1B Global Paid Subscribers Miss 207.6M 209.8M Source: Predictions based on analysts’ consensus from Visible Alpha Key Takeaways Netflix’s global paid subscribers missed expectations by about 2.2 million. The number of global paid subscribers is becoming more difficult to expand
Germany’s constitutional court has removed a key obstacle to the creation of the EU post-pandemic recovery fund by rejecting an emergency motion to stop the country ratifying the bloc’s main crisis-fighting programme. The court in Karlsruhe said it would consider a lawsuit challenging the fund, but would not put ratification on hold while its decision
KPMG UK has told staff it will shut its Manchester Technology Centre because a shift to hybrid working after the pandemic means it will need less office space. The Big Four consultancy is reducing its physical presence in the city less than two years after moving 100 digital specialists into the 12,000 sq ft hub
Traders on the floor of the New York Stock Exchange. Source: NYSE The market is showing some signs of exhaustion, and with good reason. Most major parts of the market have run up significantly in the past month. But there is a growing chorus warning that we are at “peak everything.” That is, peak earnings
While historic retail trading on E-Trade boosted Morgan Stanley’s recent earnings report, the wirehouse is moving on without E-Trade’s RIA custody business. Axos Clearing, a subsidiary of online bank Axos Financial, has acquired E-Trade Advisor Services from Morgan Stanley for $55 million in cash. Axos Clearing will gain $23 billion in custodied assets from 200
Clinical-stage pharmaceutical company Crinetics Pharmaceuticals Inc. (CRNX) has seen a key corporate insider snap up shares recently. Regulations require corporate insiders to make their trading activity public, and their actions could signal to investors that now is the time to get in on the action. In the last 12 days, corporate insider Perceptive Advisors LLC,
In this article ISRG THC IBKR CSX NFLX Signage outside the Netflix office building on Sunset Boulevard in Los Angeles, California, on Monday, April 19, 2021. Bing Guan | Bloomberg | Getty Images Check out the companies making headlines after the bell on Tuesday: Netflix — Shares of the streaming giant dipped 10.4% after the
Stanford Study Noting Ineffectiveness and Harm of Masks Is Censored on Twitter But Now a Second Study Published on the CDC’s Website Confirms Masks Cause Serious Side Effects I find it odd that pretty much any other search engine, even Microsoft Bing, doesn’t censor this badly compared to Google. At this point Google has “fallen”
Dubai Multi Commodities Centre — a free trade zone established by the Dubai Government — has signed a sale and purchase agreement with REIT Development to construct a 100,000 square foot precious metals refinery. According to a DMCC release on Wednesday, the precious metal refinery and storage facility will be the largest in the Gulf
A National Association of Realtors “30 Under 30” agent, serving the Del Mar/San Diego luxury residential market with Anderson Coastal Group. With record-low interest rates over the past year, homeowners are pursuing the next phase of their homeownership journey. The hot seller’s market is convincing some to capitalize on the low inventory and bidding wars we’re
A “For Sale” sign outside a house in Palm Beach, Florida, on Wednesday, April 7, 2021. Marco Bello | Bloomberg | Getty Images A sharp drop in mortgage interest rates sent homeowners and potential homebuyers to their mortgage lenders. Total mortgage application volume surged 8.6% last week compared with the previous week, according to the
Fresh reports from South Africa suggest another local company, Sygnia, is set to apply to the Johannesburg Stock Exchange (JSE) to list a new cryptocurrency exchange-traded fund (ETF). This application will be the second time Sygnia has attempted to list the crypto ETF. A similar application in 2017 was rejected by JSE on grounds that
Your estate plan needs an up-to-date power of attorney (POA), but it also needs more. The power of attorney (POA) is essential for every estate plan, but it often is oversold by estate planners. The shortcomings of POAs aren’t well-known and could bite you or your heirs without proper preparation. You and your heirs need
More states need to engage in long-term budgeting in order to prudently use the windfall of federal aid they are receiving from the American Rescue Plan. That’s among the recommendations of budget experts who recently discussed a newly published Volcker Alliance study on Truth and Integrity in State Budgeting. Gabriel Petek, a legislative analyst for
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) – BHP, a world-leading resources company, today announced that its total copper production for the nine months ended March 31, 2021,
The war has been a disaster from day one. So why wait to end it? by Ron Paul of Ron Paul Institute for Peace and Prosperity Last week President Biden announced a “full” US withdrawal from Afghanistan – the longest war in US history – by the 20th anniversary of the 9/11 attack on the
United Airlines Earnings Results Metric Beat/Miss/Match Reported Value Analysts’ Prediction Adjusted EPS Miss -$7.50 -$6.89 Revenue Miss $3.2 billion $3.6 billion Load factor Miss 56.8% 58.5% Source: Predictions based on analysts’ consensus from Visible Alpha Key Takeaways United’s load factor fell short of analyst predictions and dropped significantly year over year. As a measure of
Value investor Bill Miller told CNBC on Tuesday that one of his firm’s funds sold its GameStop holdings during the Reddit-fueled frenzy that began earlier this year. “We had GameStop in our deep-value product, and I think our cost on it was around $4 or something,” Miller said in an interview on “The Exchange.” “When it got
CVC Capital Partners has taken a major step back from its plans to take Toshiba private in Japan’s biggest leveraged buyout in a letter telling the company it would “step aside” for now. The letter follows a dramatic week-long sequence of events that began on April 7 with the leak of CVC’s proposed $20bn offer
The Canadian government said on Tuesday its border containment measures were effective, as a travel ban with the US was extended. Justin Trudeau, prime minister, defended Ottawa’s protection efforts, but warned bans could be imposed on incoming flights from specific countries, such as India. The ban on nonessential travel between the US and Canada has