Protect against property value risk with a reverse mortgage getty Part of the motivation to be a homeowner is the opportunity to accumulate growing equity in a home. Equity growth, however, is heavily influenced by market changes over which the owner has little control. House prices appreciate much more in some areas than in others,
Federal Reserve Bank of Boston President Eric Rosengren said he doesn’t expect to see sustained 2% inflation for the next two years so long as U.S. unemployment remains high. “I would be very surprised if we see a sustained inflation rate at 2% in the next year or two with labor markets as disrupted as
TipRanks 3 Top Biotech Stocks With Major Catalysts Approaching Investors are always searching out the stock market’s best opportunities. One of the go-to places for outsized returns, is the biotech sector. These companies, like investors, are also on a quest; to find medical solutions where needed. When one strikes medical gold, the rewards can be
To turn mathematics into an effort to “identify and challenge the ways that math is used to uphold capitalist, imperialist, and racist views” offers… by Gary Galles via Mises Racism has, tragically, raised its ugly head throughout history. And American has certainly seen its share. But after all the other things that have been called
Synopsys reaffirmed its FY21 outlook after reporting better-than-expected 1Q results. Meanwhile, the software maker issued 2Q guidance, the mid-point of which only exceeded the Street’s estimates. The stock fell 1.3% in Wednesday’s extended trading session. Synopsys’ (SNPS) 1Q earnings of $1.52 per share beat the consensus estimates of $1.46 per share and grew 50.5% year-over-year.
A man walks past a Wells Fargo Bank branch on a rainy morning in Washington. Gary Cameron | Reuters Check out the companies making headlines in midday trading. Wells Fargo — The bank stock jumped more than 5% after Bloomberg News reported that Fed officials had signaled to Wells Fargo that they would approve its
Via International Man International Man: We seem to be entering a new paradigm in the financial markets. Social media has allowed a large number of small investors to band together and move markets in ways that were previously inconceivable. What are your thoughts on this and what lies ahead? Doug Casey: To start with, most
In general, investors looking to invest in gold directly have three choices: they can purchase the physical asset, they can purchase shares of a mutual or exchange-traded fund (ETF) that replicates the price of gold, or they can trade futures and options in the commodities market. Average investors, for example, might buy gold coins, while
The chiefs of Robinhood, Reddit, Citadel and Melvin Capital, are headed to Washington for Thursday’s highly anticipated GameStop hearing at the U.S. Congress. Lawmakers will get their chance to grill the CEOs, as well as the Reddit trading star known as Roaring Kitty, about last month’s GameStop trading turmoil. Robinhood CEO Vlad Tenev, Melvin Capital
The BioNTech/Pfizer Covid-19 vaccine appears to be significantly less effective against the virus variant that emerged in South Africa, according to a study published on Wednesday. The vaccine still works against the strain known as 501Y.V2, but the shot produced only a third of the antibodies that it did for the original virus in a
Peter Wells in New York California on Wednesday reported fewer than 5,000 new coronavirus cases for the first time since early November in a further sign the state is bringing its most recent wave of the pandemic under control. The health department revealed an additional 4,090 infections, down from 5,692 on Tuesday, and marking the
The drastic work-from-home measures put in place to combat the spread of COVID-19 infection will reach their one-year mark in March, a milestone quickly followed by the April 15 deadline for filing 2020 tax returns. Some newly ensconced work-from-home Americans may merit tax benefits from this change of scene. Other taxpayers, however — including a
Financial and investment advisory giant The Motley Fool has announced it will invest $5 million into Bitcoin with the expectation that it will rise to $500,000. Announced earlier today via a blog and Twitter post, the firm stated it won’t be “buying overpriced ETFs” but will be “buying Bitcoin directly.” Currently ranked fifth globally in
With a Bang: The beginning of the end of Trump Plaza in Atlantic City.Will Yakowicz A few minutes after 9 a.m. on a bitterly cold Tuesday morning on the Boardwalk in Atlantic City, New Jersey, a horn sounded, and a flock of seagulls perched on the former Trump Plaza Hotel and Casino flew away in
A real estate agent exits a home for sale in Lancaster, Ohio. Ty Wright | Bloomberg | Getty Images Another week of rising rates spurred homeowners and buyers to pull back from the mortgage market, and the trend is not expected to turn any time soon. Total mortgage application volume fell 5.1% last week from
On Tuesday, the cannabis firm Synbiotic SE, a publicly-traded company in Germany that’s listed on the Frankfurt Stock Exchange and Xetra, has announced it is leveraging bitcoin to hedge against the euro. Synbiotic’s chief executive officer, Lars Müller explained that the company decided to hedge with the leading crypto asset in order to protect the
cash getty The continued message of the Biden administration is this: the passage of the American Rescue Plan, their name for the $1.9 trillion spending bill, is vital for the country to make it through the pandemic: in addition to aid for the unemployed, health insurance purchase subsidies, food stamp boosts and the like, the
Illinois Gov. J.B. Pritzker’s proposed 2022 budget eliminates some corporate tax breaks, reins in new spending and uses a series of one-time maneuvers to manage a structural hole dug deeper by the pandemic’s fiscal blows without an income tax hike. The fiscal 2022 budget totals $95.5 billion across all funds including a $41.7 billion general
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) – IAMGOLD (TSX: IMG) (NYSE: IAG) today announced its 2020 year-end Mineral Reserve and Resource statement. The company said that its
If you view the price charts from the perspective of a bullion bank trader, then you can see where technical analysis is used against you… by Craig Hemke via Sprott Money News It has been a long ten years, but it seems that the investing world is finally beginning to realize that the globally-recognized prices
Investors are always searching out the stock market’s best opportunities. One of the go-to places for outsized returns, is the biotech sector. These companies, like investors, are also on a quest; to find medical solutions where needed. When one strikes medical gold, the rewards can be phenomenal for early investors who were quick to recognize
Shoppers are seen wearing masks while shopping at a Walmart store in Bradford, Pennsylvania, July 20, 2020. Brendan McDermid | Reuters Interest rates are expected to continue their upward march, but for now they’re not expected to get high enough to harpoon the stock market. Treasury yields have been rising quickly in the last week,
Zillow Group, Inc. (NASDAQ: Z), is a popular online real estate company founded in 2006. Zillow operates as a real estate search engine that lists more than 110 million homes across the United States. It also offers a value estimate known as the “Zestimate,” along with comparables for each of the homes listed on the
A pedestrian wearing a protective mask walks past a Wells Fargo & Co. bank branch in New York, U.S., on Thursday, July 9, 2020. Peter Foley | Bloomberg | Getty Images Wells Fargo shares popped Wednesday after the Federal Reserve reportedly signaled that it will accept the firm’s plan to overhaul its governance functions, a
The Arctic weather sweeping through Texas is threatening to exacerbate a global shortage in semiconductors, after several manufacturing plants near Austin were forced to shut down. Austin’s local energy provider has asked all large-scale manufacturers to reduce or shutter operations during the storm in order to give priority to residential and healthcare customers. The area
Americans took out a record $1.2tn worth of mortgages in the final three months of 2020, locking in historically low interest rates to buy homes across the country. Total mortgage balances rose by $182bn in the fourth quarter of 2020, the biggest increase since 2007, according to the Federal Reserve Bank of New York on
Investors chasing the next tech wave are driving a divergence in fortunes for two of Invesco’s ETFs. The Invesco NASDAQ Next Gen 100 ETF (QQQJ) crossed the $1 billion-in-assets milestone last week, just four months after launching, according to data compiled by Bloomberg. It’s absorbed roughly $343 million in inflows so far this year, while
Wedbush Securities, a prominent wealth manager based in Los Angeles, California, believes Bitcoin (BTC) is becoming a permanent fixture in the global financial marketplace. Managing director Dan Ives informed clients on Wednesday that corporate adoption of Bitcoin represents a much bigger story than merely predicting the digital currency’s future price. “We believe the story and
There’s long-term potential for hospitality investors right now, but investors need to prepare to … [+] weather the short term. Ariel Property Advisors It’s no secret that in the age of social distancing and travel bans, the hospitality industry is hurting, but real estate industry professionals are seeing long-term potential, especially in New York City.
A contractor works on the basement of a home under construction in the Toll Brothers Regency at Palisades community in Charlotte, North Carolina. Luke Sharrett | Bloomberg | Getty Images Buyer demand for newly built homes continues to surge, and that is keeping builder confidence high even as material prices climb. Builder sentiment rose 1