The promise of an end to the coronavirus era has resulted in renewed optimism around cruise stocks. There was an industry wide uptick following the release of Royal Caribbean’s (RCL) latest quarterly statement. RCL shares climbed by 9% in the subsequent session. Year-to-date, the stock is up by 21%, and currently at its highest point
Patrick T. Fallon | Bloomberg | Getty Images Check out the companies making headlines after the bell on Monday: Square – Shares of the financial services company slipped 4.1% amid news news that Square purchased $170 million in Bitcoin. Square also reported quarterly results that beat analyst expectations. The company earned 32 cents per share
By Chris Black Markets shivered on Tuesday, and everybody on Wall Street panicked for a moment, as investors realized that debt is unsustainable and yields will have to stay artificially low for a very long period of time. Tesla stock also took a beating as yesterday’s selloff intensified. The problem with Tesla is that there
When you need money fast, your first thought might be to turn to a credit card cash advance. It’s quick, it’s easy, and often your credit card issuer seems to be begging to you to borrow by sending you offers and blank checks. Still, cash advances carry a lot of costs and limitations, so before
A Starlink user terminal installed on the roof of a building in Canada. SpaceX SpaceX CEO Elon Musk says the company’s Starlink satellite internet service “will double” speeds to customers “later this year,” as it continues to build out the global consumer network. “Speed will double to ~300Mb/s & latency will drop to ~20ms later
US technology stocks declined for the second day in a row on concerns that rising long-term interest rates would derail a historic surge in the share prices of fast-growing companies. The technology-focused Nasdaq Composite fell 1.5 per cent while the blue-chip S&P 500 lost 0.5 per cent in New York. Wall Street high-flyers like Tesla,
The UK government reassured people on Tuesday they will not face major restrictions if they refuse to have a coronavirus jab with officials considering a recent Covid-19 test result as an alternative to ‘vaccine passports’. Prime minister Boris Johnson has announced he is considering the introduction of some kind of documentation or smartphone app which
Cathy Wood Crystal Mercedes | CNBC Some called it the “Cathie Wood sell-off.” At the open Tuesday, the top names owned by Ark Investment Management were the biggest decliners in the market. Shares of Palantir, Tesla, Roku, Square, Paypal, Teladoc, Baidu, Zillow, Shopify and Spotify were all down big, in many cases by double-digits. All
The American College of Financial Services’ new Center for Economic Empowerment and Equality has a plan for turning the industry’s oft-stated goal of boosting financial literacy and generational wealth among underrepresented groups into a reality. It’s one that, in the early stages at least, won’t rely on financial advisors. The new center comes as part
Less than a week after its debut, the Purpose Bitcoin exchange-traded fund continues to attract large inflows of investor capital, offering further reassurance that institutional interest in digital assets is on the rise. Crypto data provider Glassnode reported Tuesday that the Purpose ETF has reached $564 million in assets under management, an impressive feat considering
Amenity spaces like this one at Chicago’s Westerly allow apartment community residents to sidestep … [+] cabin fever by socially distancing outside their apartments. Dave Burk Challenging winters and cabin fever go together like subzero wind chills and waist deep snowdrifts. But the odds of turning a bit stir crazy grow even greater in this
A houseÕs real estate for sale sign shows the home as being Òunder contractÓ in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images December is usually the slowest month for the housing market, but price gains didn’t slow down one bit in 2020. In fact, they rose at the fastest pace
More details keep appearing from the police investigation into the 2018 Coincheck hack that stole $530 million from the crypto exchange. Japanese authorities revealed that most of the individuals involved have a “high social status.” One of the Individuals Took Part in a NEM Swap Deal Is Worth $64 Million According to a report published
Ask Larry Economic Security Planning, Inc. Today’s column addresses questions about how vacation pay can be counted regarding the earnings test, whether benefits for a disabled child are automatic or must be separately filed for and whether restricted application must be made in person or can be done online. Larry Kotlikoff is a Professor of
Nancee Robles will head two California state committees that oversee state bond entities that are heavily involved in affordable housing. Robles starts March 1 with the California Tax Credit Allocation Committee and California Debt Limit Allocation Committee. She replaces Judith Blackwell, who had also headed both. Blackwell had headed CTCAC since September 2019, and was
The silver markets gapped higher to kick off the trading session on Tuesday to show signs of strength again, but then we turned around to fall below the $28 level. The $28 level of course is a large, round, psychologically significant figure, and an area that has offered significant resistance in the past. However, we
Physical gold is far less sexy that the current Bitcoin delusion gaining popularity, as well as speculative momentum. Ironically, however… by Matthew Piepenburg via Gold Switzerland Just over four years ago, as Bitcoin was making its first big moves in both price and public perception, John Hussman of Hussman Investment Trust penned a lengthy as
The market appears in the midst of a correction, with sharp pullbacks across the board. The tech sector looks particularly vulnerable as valuations have soared during the stock market’s extended rally. One such highflying tech name is Square (SQ). The fintech player has benefited from strong Covid-19 tailwinds and the pivot toward digital payments, in
Check out the companies making headlines before the bell: Home Depot (HD) – The home improvement retailer beat quarterly estimates by 3 cents with earnings of $2.65 per share. Revenue came in above estimates as well. Comparable store sales jumped 24.5% during the fourth quarter, more than the 19.2% consensus estimate of analysts polled by FactSet. Home
by Kimble Charting Interest rates on the 30-year bond fell 75% from November of 2018 until March of 2020 (1). They have rallied 115% in the past 11-months, after hitting lows in March 2020 at (2). As yields have risen 115% off the 2020 lows, the S&P is up nearly 65% at the same time. Historic rallies by
Key Takeaways Analysts estimate adjusted EPS of $2.81 vs. $1.89 in Q4 FY 2020. Data center revenue is expected to rise YOY. Revenue is expected to show robust growth amid the COVID-19 pandemic. Nvidia Corp. (NVDA), already a major force in semiconductors, could become even more dominant and reshape the industry with its proposed $40
Pavlo Gonchar | LightRocket | Getty Images Hedge funds are still licking their wounds after a retail trading frenzy forced the industry to slash its overall exposure to stocks, leading to an underperformance in 2021. Last month, an army of retail investors who coordinated on social media managed to push GameStop shares up 400% in
The US on Monday reported its smallest daily increase in new coronavirus cases in more than four months, continuing recent glimmers of hope for the country’s management of the pandemic. States reported an additional 52,530 infections, down from 58,702 on Sunday, according to Covid Tracking Project. It was the smallest one-day increase in cases since
The decision to become hoteliers was made sitting on a pavement with my mum and sister, shielding our eyes from the Greek sun. There, in front of the neoclassical palazzo we had just visited, the hotel idea somehow presented itself as a solution. For a year, we had been trying to find a small holiday
A year after adding thousands of financial advisors from a massive acquisition, Advisor Group is taking steps to build connections across its six firms. The 11,000-advisor network held the first quarterly meeting of its new National Advisory Board of a dozen advisors last month, according to Erinn Ford, the Phoenix-based wealth manager’s executive vice president
The price of Bitcoin (BTC) plummeted by more than 17% in the last 24 hours as the futures market saw mass liquidations across the board. Liquidations occur when leveraged futures positions fall to a certain threshold. For example, a position using 10x leverage would get liquidated or turn worthless if the price of BTC drops
2150’s first investment is in CarbonCure Technologies, a Canadian company whose technology lowers … [+] the cement content of concrete while also storing CO2 in the concrete itself, reducing the material’s carbon footprint. Supplied by 2150 fund Having spent more than a decade at the helm of Danish real estate fund manager NREP, Mikkel Bülow-Lehnsby
U.S. Treasury Secretary Janet Yellen has warned about the dangers of bitcoin as the price of the cryptocurrency took a nosedive. She sees bitcoin as a highly speculative asset and is worried about potential losses investors can suffer. Yellen also believes that bitcoin is not widely used as a transaction mechanism due to its inefficiency,
Treasury Secretary Janet Yellen said President Joe Biden favors boosting taxes on companies, and signaled openness to considering raising rates on capital gains, while steering clear of a wealth levy. “A wealth tax has been discussed but is not something President Biden” favors, Yellen said at a virtual conference on Monday hosted by the New
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) – Eldorado Gold today announced a maiden resource estimate for the recently-discovered Ormaque deposit near its Lamaque operations in Quebec. According