Trinity Health’s proposed sale of Mercy Hospital and Medical Center for $1 would pave the way for the fiscally troubled safety net hospital just south of Chicago’s downtown to exit Chapter 11 and remain open if the deal is finalized. The Illinois Health Facilities & Services Review Board which holds sway over hospital closures, ownership
Bloomberg China’s $2.3 Trillion Hidden Debt Is Seen Climbing Even Further (Bloomberg) — China’s local governments had 14.8 trillion yuan ($2.3 trillion) of hidden debt last year, and the figure could climb even further this year, according to a government-linked think tank.Local governments were under pressure to increase infrastructure investments and shore up growth through
One of the most aggressive precious metals price suppression efforts by the Western Central Banks in the last 20 years… by Dave Kranzler of Investment Research Dynamics “Switzerland in February sent gold to mainland China for the first time since September and shipments to India and Thailand rose to multi-year highs…Swiss customs data showed that
Roku (ROKU) and Amazon (AMZN) – via its Amazon Fire TV and Prime offerings – represent the two biggest cord-cutting platforms. It appears, however, that Amazon has now gotten one up on Roku. Starting in 2023, Amazon Prime has gained the exclusive rights to stream the NFL’s Thursday Night Football. The company will pay $1
A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Microsoft — Shares of the tech giant jumped about 1.5% as the company reportedly looks to buy
by Lance Roberts The end of the value trade may be near as investors push prices beyond economic growth expectations. Interestingly, it was just last year that I wrote: “The Rotation To Value Is Inevitable.” The critical point of that article was this: “The market’s surge higher since the financial crisis, which has been driven by massive
The chances that you are under-withholding taxes are higher than you may think. A 2018 report by the Government Accountability Office (GAO) suggested that a fifth of taxpayers might owe taxes in 2019 due to under-withholding. The concern was particularly great that year due to changes made in the 2017 Tax Cuts and Jobs Act.
The latest blow to AstraZeneca’s tortured effort to bring a Covid-19 vaccine to the world arrived by way of a terse statement released on Tuesday at 22 minutes past midnight in Washington. In an unprecedented late-night intervention, the National Institutes of Health warned that an independent board of experts overseeing a large US study of
GameStop, the video games retailer whose shares have been the subject of a day-trading frenzy, recorded its first quarterly increase in same-store sales in two years on Tuesday and installed a former Amazon executive in a senior role. The twin developments gave heart to an army of supporters who say the company can seize an
Rockefeller Capital Management’s latest recruiting spate has netted it three wirehouse teams in Texas, Cincinnati and Los Angeles — one of which caters to Native American tribes. The outgrowth of the family office of the same name, led in part by ex-wirehouse executives, Rockefeller has been poaching talent from its largest rivals as it expands
Bitcoin’s (BTC) upcoming March 26 options expiry might become the largest ever, with $6.1 billion open interest on the line. With less than 4 days ahead of the settlement date, pro investors will have already set up strategies for the next month. Bitcoin price at Coinbase, USD. Source: TradingView As BTC price has already surged
Older adults, especially those living in nursing homes and assisted living facilities, have been among the groups hardest hit by COVID-19. This has compelled a reexamination by many – often in concert with their adult children – about how and where they want to live the rest of their lives. Real estate professionals, industry analysts
A contractor frames a house under construction in Lehi, Utah, U.S., on Wednesday, Dec. 16, 2020. Private residential construction in the U.S. rose 2.7% in November. George Frey | Bloomberg | Getty Images Sales of newly built homes fell more than expected in February, as builders faced higher costs and persistent delays, and, consequently, raised
On Tuesday, the firm Hut 8 Mining Corp., announced that it is joining the Foundry U.S.-based bitcoin mining pool. The publicly-listed mining company said that it added 14,400 machines to Foundry’s mining operation and it also plans to deploy another 5,000 miners by August. Hut 8 Joins Foundry’s US Pool and Adds 14,400 Bitcoin Mining
Now that the latest COVID-19 relief package has been signed into law, the Biden administration is poised to tackle broader issues – from climate change to immigration reform. Already, there are strong disagreements on these and other policy areas as Congress and the nation remain deeply divided. But, there are a few issues that enjoy
Princeton University revenue bonds saw strong competitive bidding, with yields lower than triple-A benchmarks as high-grade trading picked up and munis gained along with a stronger U.S. Treasury market. Triple-A benchmark yields were stronger across yield curves while ratios rose slightly. Municipal to UST ratios were at 69% in 10-years and 75% in 30, according
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) Silver jewelry sales were up for the 12th year in a row in 2020, with millennials identified as the primary buyers
The Analysis And Discussion Provided On Silverdoctors Is For Your Education And Entertainment Only, It Is Not Recommended For Trading Purposes. The Doc Is Not An Investment Adviser And Information Obtained Here Should Not Be Taken For Professional Investment Advice. The Commentary On Silverdoctors Reflects The Opinions Of The Doc And Other Contributing Authors. Your
Does high risk mean high reward? Not necessarily, so say the pros on Wall Street. Specifically citing penny stocks, or stocks that trade for less than $5 per share, analysts advise caution as these names might still be in the early innings, or it could be that they face an uphill battle that is just
A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images Check out the companies making headlines after the bell on Tuesday: GameStop – Shares of the video game retailer dropped 11.9% after the company posted disappointing results for its fourth quarter. GameStop
By Chris Black All of Wall Street belongs in prison. Life in Clown World has never been stranger. This article caught my attention yesterday: Tesla shares are up about 5% in pre-market trading Monday after ARK Invest’s Cathie Wood released a “new and improved” price target on the company of $3,000 per share at the
The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service (IRS). IRS penalties are typically assessed for violations of tax laws, such as misreporting income or claiming false deductions or tax credits. The IRS typically assesses penalties along with interest on the balance owed by a taxpayer, and
Jane Fraser, chief executive officer for Latin American at Citigroup Inc., smiles during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. The conference brings together leaders in business, government, technology, philanthropy, academia, and the media to discuss actionable and collaborative solutions to some of the most important questions
In a remote South African village, set in windswept hills not far from the Indian Ocean, Nolindele Mdibanto fears she will never get the Covid-19 vaccine. The nearest government clinic to Nqileni, deep in the rural Eastern Cape, lies several miles beyond a river and over hilly terrain. Despite daily hikes to fetch firewood and
Revenue in the global music industry last year reached its highest level since 2002 as paid-for streaming subscriptions and strong growth in Latin America and Africa continued to drive the sector’s recovery. Total revenue increased 7.4 per cent to $21.6bn in 2020 according to IFPI, the global music trade body, its sixth consecutive year of
Traders work on the floor of the New York Stock Exchange. NYSE It’s the anniversary of the big drop: What’s changed? Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen are testifying Tuesday before the House Financial Services Committee on the state of the economic recovery from the Covid pandemic. Investors are expecting Powell to
The tax season just got more confusing. A flurry of unexpected announcements from the IRS regarding the latest pandemic relief package has sent advisors and accountants scrambling to suss out tax savings for their clients. Even with the filing deadline extended to May 17, it hasn’t been easy. “It’s a disaster. It’s a mess. It’s
Teller Finance, a project building an undercollateralized lending protocol for decentralized finance, has announced the launch of its mainnet alpha stage. This will enable certain users to obtain credit without being required to post collateral, which is the case for most other DeFi lending protocols. The Teller alpha will be accessible only to holders of
Is there a Manhattan enclave more synonymous with timeless style and grace than the Upper East Side? Long a bastion of class, distinction and old money, the enclave sets its own tone, forgoing passing fads. Now, the neighborhood is returning to its roots by investing a select few all-new buildings with the time-honored architecture, bespoke
As the Indian government prepares to introduce the cryptocurrency bill, there are reports that it is considering blocking the IP addresses of cryptocurrency exchanges. Despite ban reports, many people in the Indian crypto community believe that the government will not impose an outright ban on cryptocurrencies, including bitcoin. Blocking IP Addresses of Crypto Trading Platforms