by John Mauldin Among the many strange, unforeseen changes of the last year is a new respect for Keynesian economic theory. Practically everyone in power now agrees that deficit spending produces GDP growth. They differ only on its expected magnitude and duration. The few exceptions are mostly outside the halls of power. This matters because
What Is the Racial Wealth Gap? The racial wealth gap refers to the difference in wealth among different racial or ethnic groups. The term covers the disparities in access to opportunities, means of support, and resources. Federal surveys reveal that a large disparity exists in the United States among these groups. Data from the 2019
Source: AppHarvest Company: AppHarvest Inc. (APPH) The agriculture technology company focuses on building an indoor farm in Appalachia. The company combines agricultural techniques with cutting-edge technology and including access for all to nutritious food, farming and building a homegrown food supply. The company operates a 60-acre controlled environment, agriculture facility in Morehead, Kentucky, which grows
London and Brussels plan to set up a top-level emergency hotline in response to escalating problems over Northern Ireland in the weeks since the UK left the EU’s single market, a top European Commission official has said. Maros Sefcovic, the European bloc’s point person on relations with the UK, insisted both sides wanted to de-escalate
Senators voted on Saturday morning to call witnesses in Donald Trump’s impeachment trial after fresh questions were raised about the former president’s actions on January 6, when mobs of his supporters staged a violent siege on the US Capitol. Jamie Raskin, the Democratic congressman from Maryland who is acting as de facto chief prosecutor, said
In my 35 years as an executive recruiter, I’ve seen many advisors make solid career decisions that set them up for future success. But then there were advisors who made some astounding mistakes. Here are a few that stand out. The BoasterOnce, the head of a team boasted to the branch manager at a prospective
At the time of publication, one Bitcoin (BTC) values $47,247, while one Dogecoin (DOGE) is worth around $0.068. If you are new to crypto or markets, you may initially think: Hey, DOGE is cheaper than Bitcoin, and if it picks up enough steam, maybe it could catch up to BTC and rise over $20,000, too.
Scott Shleifer (right) is one of the latest to move to Florida from New York City. Getty Images A home in Palm Beach, Florida has sold for $132 million, making it the second highest-priced single-family home on record for the U.S. The buyer was Scott Shleifer, cofounder of private equity investing arm of Tiger Global
On February 12, the founder of the now-defunct file-sharing website Megaupload and cryptocurrency proponent, Kim Dotcom tweeted about a new website he created that shows the upside of bitcoin cash. The web portal whybitcoincash.com highlights why people should join the digital money revolution and how “cryptocurrencies stand to transform the way business and individuals exchange
An innovative crowdfunded forensic investigation of the Ohio State Teachers’ Retirement System will … [+] invite public participation. getty An innovative forensic investigation of the nearly $80 billion Ohio State Teachers Retirement System crowdfunded by the Ohio Retired Teachers Association will invite public participation by posting all documents obtained from OSTRS online for public scrutiny;
Credit Suisse Group AG agreed to pay $600 million to settle a lawsuit over mortgage securities that collapsed in the 2008 financial crisis, an accord that locks in an expected hit to its profit. The plaintiff, MBIA Insurance Corp., said late Thursday that it had reached an agreement, after a post-trial court decision that ordered
Bloomberg A Crypto Kid Had a $23,000-a-Month Condo. Then the Feds Came (Bloomberg) — Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading.Buoyed with youthful confidence, Qin, a self-proclaimed math prodigy from Australia, dropped out of college in 2016 to start a hedge fund in New York he called
Easy come, easy go for the Reddit retail traders who rode their GME shares and call options up and then back down. Since hitting… by Dave Kranzler of Investment Research Dynamics “If you can’t spot the sucker in the first half hour at the poker table, then you are the sucker.” – a quote attributable to
Renewable energy stocks’ share gains in 2020 were enormous, and the trend has so far continued in 2021. The tailwinds are manifold; The global risks due to climate change have only come further to the fore during the pandemic, and the cost of renewable energy continues to drop, marking it as not only greener but
Check out the companies making headlines before the bell: PepsiCo (PEP) – The beverage and snack giant beat estimates by a penny with adjusted quarterly earnings of $1.47 per share, and revenue was above estimates as well. The company said it expects to see organic revenue and adjusted profit growth this year, and also announced
By Matthew Piepenburg Looking Behind the Labels Regardless of one’s politics, most would agree that extremely complex issues are typically given extremely misleading titles. Not all those of the extreme left, for example, are all that “woke” and not everyone on the far right, to be fair, is a “domestic terrorist.” Nevertheless, words are often
A company’s marketing efforts have a direct impact on their sales and market share, but they are not the only factors that influence overall performance in their respective industries. Creating a positive brand image through marketing efforts is also vital to a business’s success. Key Takeaways Creating a positive brand image through marketing efforts is
gradyreese | E+ | Getty Images One of my favorite movie quotes comes from “Gladiator,” as Maximus calls out to the crowd, “Are you not entertained?” In this new pandemic-focused world, it appears that we should be changing that to “Are you not engaged?” The topic of engagement is everywhere. At home, parents are seeking
Two of Wall Street’s leading hedge fund managers are set to testify along with the chief executives of Reddit and Robinhood at next week’s US congressional hearing on the market upheaval surrounding trading in GameStop shares. The House of Representatives financial services committee announced the high-level roster of witnesses late on Friday. It includes Citadel’s
That most venerable matriarch of south-east Asian rail travel, Bangkok’s much-loved Hua Lamphong station, is about to be shunted into the sidings. Next month the grande dame will in effect be handed her redundancy notice by the opening of upstart Bang Sue, a spanking new airport-lookalike rail hub, 8km to the north. The anodyne Bang
The Department of Labor confirmed that a replacement for the Obama-era fiduciary rule will go into effect Feb. 16 — but the agency left the door open for new regulatory changes. The rule change permits investment fiduciaries to receive compensation as a result of advice to roll over assets from a retirement plan to an
The Central Bank of Nigeria has banned banks from servicing crypto exchanges in the country in a move that echoes actions taken by its Indian counterpart back in 2018. Reactions to the news among the political class have been divided among ethnic and geopolitical lines, with the more progressive elements calling for a nuanced approach
LONDON, ENGLAND – FEBRUARY 12: Chinese lanterns hang in Chinatown on February 12, 2021 in London, … [+] England. This year’s festivities, which usher in the Year of the Ox, take place whilst the United Kingdom remains in lockdown. (Photo by Dan Kitwood/Getty Images) Getty Images Today is the Lunar New Year, celebrated in China
Building materials company Azek reported double-digit revenue growth in its latest quarterly report as a red-hot housing market continues to spill over into the home remodeling industry. The demand, driven by a combination of low mortgage rates, low home supply and increased relocation activity amid the coronavirus pandemic, has Azek CEO Jesse Singh bullish about
The e-commerce giant is preparing to explore the crypto business, as a recent job listing suggests. Amazon is looking to launch a pilot project in Mexico that seeks to build a team that develops new solutions based on “digital currencies.” E-Commerce Giant Amazon Seeks to Target Customers in ‘Emerging Markets’ According to a job posting,
By Kerry Hannon, Next Avenue getty There’s something romantic about hearing Elvis Presley croon: “Wise men say only fools rush in, but I can’t help falling in love with you” that makes Cliff, my husband of more than 28 years, and me grin. We might even begin to dance. It’s “our song.” It’s also that
Municipals ended the week steady in quiet trading ahead of the Presidents Day weekend, even as U.S. 30-year Treasuries broke past 2.00%. Investors will see a light $5.67 billion of new issues next week, led by the Regional Transportation District of Colorado’s tax-exempt and taxable green bond deal. Rising U.S. Treasuries moved municipal to UST
Subscribe to Kitco Roundtable on iTunes Several miners released record cash hauls at year end, but investors are showing the sector scant love. On Friday Kitco Roundtable podcast featured editor Neils Christensen, correspondent Paul Harris and mining audiences manager Michael McCrae. Special guest was Sam Riggall, CEO of Clean TeQ. Riggall’s company is developing a
Unemployment took another jump this week with nearly 800,000 new filers… Greg Hunter gives The Weekly News Wrap-Up for Friday, February 12, 2021 Unemployment took another jump this week with nearly 800,000 new filers. The state unemployment rolls are dropping off as people run out of benefits. On the other hand, the federal emergency unemployment
Like with so many other companies, the coronavirus took the blame for weak sales in Coty’s (COTY) latest financial report. In FQ2, the beauty products maker generated net revenue of $1.42 billion, a 16% year-over-year decline and just below the consensus estimate of $1.43 billion. Although there was a $0.10 year-over-year drop on the bottom-line,