Saudi Aramco said on Friday it had raised $12.4bn from the sale of a minority stake in a newly formed oil pipeline venture to a consortium of investors. Saudi Arabia’s state energy giant said it had sold 49 per cent of Aramco Oil Pipelines to investors led by Washington-based EIG Global Energy Partners. The move
I wasn’t thinking about my student loans a year ago. In April, 2020, I was thinking about the wailing sirens from ambulances speeding past my apartment day and night, an endless reminder of COVID-19, which has since killed more than 500,000 people in the U.S. and nearly 3 million worldwide. I was thinking about my
The internet has reshaped society over the past 40 years, and experts are predicting that digital technologies and artificial intelligence will continue to transform how humans interact with data for the foreseeable future. One AI-focused cryptocurrency project that has seen tremendous growth since the beginning of 2021 is SingularityNET and its talented humanoid robot named
Just before a power lunch at Sant Ambroeus in Palm Beach, real estate billionaire Jeff Greene picks up the phone to discuss the past year’s “huge migration” to Southern Florida. “People have realized that they can get a much higher quality life and still make the same amount of income,” he says. “I’ll see more
In this article ZG DAI-DE Zillow President Susan Daimler told CNBC on Friday that the housing market remains hot, despite the drop in pending home sales in the month of February. The National Association of Realtors reported that signed contracts on existing homes declined more than 10% that month from January. Daimler said it was
Southampton Football Club, a soccer team currently ranked 13th in England’s Premier League, recently signed a new sponsorship deal that includes an option for the club to be paid certain performance-based bonuses in bitcoin. The deal also extends the club’s partnership with the Coingaming Group as Main Club Partner for a further three years. Also,
By Chris Farrell, Next Avenue You’ve probably been hearing about how the Biden administration wants to raise the 21% corporate tax rate and the 37% top income tax rate and 20% capital gains rate for the wealthiest Americans. But changes in the estate tax rules, under consideration by the president and Congress, haven’t received as much
Federal Reserve Vice Chair Richard Clarida said policy makers will await evidence on whether they’re reaching their goals on price stability and employment before adjusting monetary policy. “It’s not projective progress — it’s hard numbers on the labor market and on prices” that the Fed is looking for, Clarida said Friday in an interview on
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) – Kitco ranked the world’s top 10 largest silver mines based on reported production for the 2020 calendar year. The ranking
It’s so utterly simple, but can it be done? (by Half Dollar) I don’t really feel like writing much today or going over the charts, and I don’t even feel like doing a shameless plug, but if you didn’t get the memo, or the Tweet, or whatever, since there are now more all-knowing silver experts,
Shares of Carnival (CCL) have soared by 35% year-to-date and it’s not hard to see why. A potent combination of the economy reopening, a vaccinated populace and pent-up demand for cruises, have fueled the optimistic rally. That said, Deutsche Bank analyst Chris Woronka warns that an over-exuberant outlook might come back to bite the bulls.
People crowd outdoor dining at a restaurant as coronavirus disease (COVID-19) restrictions are eased in Ann Arbor, Michigan, U.S., April 4, 2021. Emily Elconin | Reuters The economy has entered a period of supercharged growth, and instead of fizzling, it could potentially remain stronger than it was during the pre-pandemic era into 2023. Economists now
by Charles Hugh-Smith The lesson of China’s Cultural Revolution in my view is that once the lid blows off, everything that was linear (predictable) goes non-linear (unpredictable). There is a whiff of unease in the air as beneath the cheery veneer of free money for almost everyone, inequality and polarization are rapidly consuming what’s left of common ground in
What Is the Income Statement? The income statement is one of three financial statements that stock investors rely on. (The others are the balance sheet and cash flow statement.) Understanding an income statement is essential for investors who want to analyze the profitability and future growth of a company. Key Takeaways: The income statement summarizes a company’s
US government bonds were hit by fresh selling on Friday, with analysts warning of further volatility ahead as the Treasury department seeks to offload more than $370bn of new securities over the next three weeks. Long-dated Treasury yields rose back towards recent highs, with the 10-year Treasury note trading 0.05 percentage points higher on Friday at
In order to attend the COP25 climate change conference in December 2019, Swedish activist Greta Thunberg had to navigate hell and high water. From investigating the effects of climate change on Canada’s ancient glaciers and forests, the plan was for her and father Svante to drive down to Chile for the conference. Their route took
Traders on the floor of the New York Stock Exchange Source: NYSE Earnings season starts with a rare confluence of bullish factors: stocks at new highs, economic reports exceeding expectations, the vaccine rollout accelerating, an uber-dovish Fed, higher tax fears diminishing, and most importantly, expectations that CEOs will provide far more guidance than they did
An ETF investing in U.S. companies that BlackRock considers most likely to prosper in the transition to a low-carbon world lured the most cash on record in its first day of trading. Investors poured about $1.25 billion into the BlackRock U.S. Carbon Transition Readiness ETF (LCTU) on Thursday, making it the biggest launch in the
Buying MicroStrategy stock (MSTR) is reportedly no longer possible for HSBC customers on the bank’s online trading platform — HSBC InvestDirect, or HIDC. According to a supposed message from the bank to its customers, HSBC has directed users that already own MicroStrategy stock not to buy additional shares. Twitter user Camiam claimed to have received
According to 2020 Year-End: Life Science National Overview & Top Market Clusters, a recent report from Newmark, both tenant and institutional investor demand for life science real estate remains vibrant. Low lab vacancy rates in life science markets reflect substantial appetite and limited supply of existing wet lab space. While prime drawing cards like Boston
Total Processing, a merchant services company has published a study this week about the most-watched cryptocurrency videos on Youtube during the last year. Even though bitcoin has climbed 700% since last April, ethereum has climbed 1,100% and videos pertaining to ethereum have accumulated the most views since April 2020. Ethereum Videos Are the Most Viewed
After a reprieve from required minimum distributions (RMDs) in 2020 due to the COVID-19 relief package in the CARES Act, RMDs return for 2021. Individuals are required to take RMDs from most retirement accounts once they turn age 72. The first distribution needs to come out by April 1 following the year you turn 72.
AFL-CIO president Richard Trumka called on President Joe Biden to use a current vacancy on the Federal Reserve’s Board of Governors to bring greater diversity to the central bank. Trumka said in an interview Thursday that union officials have recommended the White House nominate William Spriggs or Lisa Cook for the Fed board seat. Either
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) -Gold and silver prices are solidly lower in early U.S. trading Friday, extending overnight losses in the wake of a hotter-than-expected U.S.
Can risk really be destroyed, or can it only be transferred? And if it can only be transferred, then what’s it been transferred to? by Charles Hugh Smith via Of Two Minds All of which sounds very pretty indeed, but it does raise a question: can risk really be destroyed, or can it only be
After a volatile first quarter, Q2 has kicked off in style, and the major indexes sit at – or hover near – all-time highs. The government bond market has also been steadying as yields have pulled back after rising higher earlier in the year, soothing investor fears that inflation could get out of hand. Moreover,
Take a look at some of the biggest movers in the premarket: Levi Strauss (LEVI) – Levi Strauss reported quarterly profit of 34 cents per share for its latest quarter, 9 cents a share above consensus. Revenue also came in above Wall Street forecasts with help from a 41% rise in digital sales. The apparel
by Martin Armstrong Biden has targeted guns with the end goal to disarm America entirely. He has stated: “No amendment to the Constitution is absolute.” The real objective is to compel everyone to register every gun so they can enter your house without a warrant to seize your weapons. What they are doing is dripping
The technological revolution has given rise to the personal computer, the internet, email, file sharing and video conferencing. Put all these together and you have the makings of a home office. This is a place where you can do all the things you do at work, but now in pajama bottoms. Not only is this
The 16th Electron launch in November 2020, when the company recovered the rocket after splashdown for the first time. Rocket Lab The next mission for small launch leader Rocket Lab will feature its second attempt to recover an Electron rocket booster after liftoff by splashing it down in the ocean. The company is working toward