The continued escalation of COVID-19 cases in California and the resulting economic volatility took precedence as Gov. Gavin Newsom unveiled his $222.2 billion budget proposal for fiscal 2021. Newsom wants to spend some of the money from a $26 billion income tax windfall, but also set aside $22 billion for reserves while pinning some hope
While gold was flashing yellow, gold miners made a number of aggressive deals this week. Ron Macdonald, CEO of Zinc8 Energy Solutions (CSE:ZAIR), joined correspondent Paul Harris and Mining Audiences Manager Michael McCrae to record Kitco Roundtable podcast on Friday. Today gold tumbled around 4% as investors sold off the precious metal. February Comex gold
Demand for precious metals continues to be strong even though we see NOISE BLEED price levels for Bitcoin… by Steve St Angelo of SRSrocco Report With the Fed and central banks pumping up the markets with a record amount of money printing, liquidity, and stimulus, investor demand for precious metals continues to be very strong.
Mea culpas come few and far between on Wall Street, where analysts who make mistakes would really prefer that you forget about them — let bygones be bygones as it were. That’s not the case with RBC Capital, and its upgrade of Tesla (TSLA) stock to “sector perform.” Admitting straight up that “we got TSLA’s
Cars line-up as the Los Angeles Regional Food Bank distributes food outside a church in Los Angeles on Nov. 19, 2020. Mike Blake | Reuters Nearly half a million jobs were lost in December in restaurants, casinos and other businesses most impacted by the spreading pandemic, but strong job gains in other areas show an
from Kerry Lutz’s Financial Survival Network [embedded content] American Eagle Gold (AEG) is focused on exploring for a world-class gold deposit on its flagship property, Golden Trend. The property is located on the Cortez Trend, next door to Barrick Gold and Newmont Mining’s Gold Rush and Cortez Mine, which host over 27 million ounces of gold. The company
If you have money in a traditional savings account, chances are you’re not earning significant money in interest. But any interest earned on a savings account is considered taxable income by the Internal Revenue Service (IRS) and must be reported on your tax return. This includes interest earned on traditional savings accounts as well as
Twitter has removed Donald Trump’s account from its social media platform, citing the risk of the president using the site to incite further violence. In a blog post, the company said it had “permanently suspended” Mr Trump’s account, which the president regularly used to broadcast directly to his 88m followers, with a mix of vitriol
Ministers expect more than £800m to be released to UK charities and other good causes under an expansion of a scheme that seizes money from dormant accounts. The move will broaden the so-called dormant assets scheme from unused bank and building accounts to a range of other financial products. It marks the latest step by
Michael Nagle/Bloomberg Wirehouses have largely gotten the message: due to competitive pressures there’s little latitude to keep chipping away at their grids. Advisor recruiting is becoming more of a frenetic struggle, not less. In addition to the already established players, there are now a host of boutique firms that are poaching $2 million-plus wirehouse teams.
Bitcoin price has re-established the $40,000 level as support but as bull push toward a new all-time high the possibility of another sharp sell-off looms. According to analysts at Material Indicators, a crypto analytics company, mega-whales sold off steeply when Bitcoin hit $40,000 on Jan. 7. This led to a quick 10% drop to the
Ski lifts are just a stone’s throw away from this newly built Truckee home designed by Bohlin … [+] Cywinski Jackson. Tahoe Mountain Realty It’s a skier’s or snowboarder’s ultimate dream. Get up, get dressed, grab your season pass, head to the equipment room for your gear and then step outside. Groomed slopes are right
Demonstrators march for housing justice in the Old Town neighborhood in Chicago, IL on June 30, 2020, demanding a lift on the Illinois rent control ban and a cancellation of rent and mortgage payments during the COVID-19 pandemic. Max Herman | NurPhoto | Getty Images More borrowers are getting current on their mortgages again, after
A major commercial bank in South Korea is entering the crypto business by allocating an equity investment in the Korea Digital Asset Trust (KDAC). Shinhan Bank is looking to offer digital asset custody services. Bank Expects to Offer Tech Capabilities to Face Defi-Related Hacking Risks According to inews24, the bank announced the investment in the
Whole life insurance receives its name because it provides the owner with a death benefit for the whole lifetime. It is a form of permanent life insurance. Whole life also includes an accumulation and savings component through its cash value. Whole life insurance may be viewed as a fixed-income investment vehicle that incorporates a permanent
When global law firm Norton Rose Fulbright announced new partners added to its ranks Friday many women, including San Francisco-based Mary Kimura were among those promoted. Kimura was one of 10 lawyers in U.S., and the only public finance attorney, named to partner. The firm promoted 25 female lawyers globally, representing 53 percent of the
Many would agree that a global shift to electric vehicles (EV) is an important step in achieving a carbon-free future. However, for various reasons, EVs have so far struggled to break into the mainstream, accounting for just 2.5% of global auto sales in 2019. To understand why, this infographic from Castrol identifies the five critical
If they just do the things they have said they are going to do it’s the end of America. Say hello to the ‘Great Reset.’ Say hello to… Alex Newman interviewed on USA Watchdog by Greg Hunter Journalist Alex Newman says, “If Trump manages to pull it off and stay in, it’s still going to
As the market focuses on some of the major electric vehicle companies, Workhorse (WKHS) is slowly building an order book in the last-mile delivery van sector. The stock originally surged on the massive U.S. Postal Service contract potential, but the company is slowly building a solid backlog outside of the government service. Investors still have
Traders work on the floor of the NYSE. NYSE Markets will stay laser-focused on the prospect for more fiscal stimulus in the busy week ahead. Politics and politicians are likely to continue dominating the headlines, as Democrats seek President Donald Trump’s removal after a mob of his followers took over the Capitol Building on Wednesday.
by Robert Ross Bitcoin celebrated its 11th birthday on January 3. And what a party it’s been, with the world’s first and most famous cryptocurrency now trading near $40,000. Warren Buffett famously referred to Bitcoin as “rat poison squared.” The Oracle of Omaha might never own the King of Cryptos. But even he has to admit
Investments come in all different sizes with all sorts of risks. The kind of risk involved with investing has a lot to do with how much capital you put in, your investment horizon, and, more importantly, the kind of investment you choose. Some investment vehicles are safer than others. Stocks are inherently volatile, hedge funds
The stock market is off to a strong start in 2021, after robust gains last year despite the coronavirus pandemic. According to CNBC’s Jim Cramer, one reason for the continued rally in equities is, simply, a lack of people willing to sell. “There’s not enough stocks to go around,” Cramer said on “Squawk Box.” “The
Nancy Pelosi said she had spoken to the US military’s most senior officer about taking precautions to prevent an “unstable president from initiating military hostilities or . . . ordering a nuclear strike”. The conversation between the speaker of the House of Representatives and General Mark Milley, chairman of the Joint Chiefs of Staff, came as Democrats intensified their
Global equities looked set to cap the week on a strong note, following confirmation of Joe Biden as the next US president and expectations that his administration will inject more support into the economy. Wall Street’s S&P 500 index was 0.2 per cent higher by midday in New York, despite the latest US non-farm payroll
US President-Elect Joe Biden delivers remarks before the holiday at The Queen in Wilmington, Delaware on December 22, 2020. Alex Edelman | AFP | Getty Images Stocks and taxes: what’s going to happen? The Democrats’ control of Congress has shone a new spotlight on Biden’s tax proposals, particularly those that would affect stocks and bonds. While
While the asset management industry has been watching and waiting for a mutual fund to become an ETF for the first time, it turns out history was being made with a conversion of another kind. A tiny U.S. hedge fund has just become the first to convert into an ETF. The actively managed Upholdings Compound
As the price of gold plunged on Friday, CNBC’s Jim Cramer said the rise of crypto may partly explain the sudden disinterest in the precious metal — a potential sign that the mainstream has flipped the script on Bitcoin (BTC) and digital assets. When asked why gold isn’t rallying amid the political chaos on Capitol
Mortgage interest rates continue their downward trend getty The new year has kicked off with a new interest rate, and it is lower than it has ever been. Mortgage interest rates closed at 2.65% last week for 30-year fixed-rate loans, based on the weekly report from Freddie Mac. This is down from 2.67% the previous
Fund Manager and founder of Miller Value Partners, Bill Miller says holding bitcoin is better than holding cash because the digital asset is immune to the bad policies of the U.S. Federal Reserve. Writing in the 2020 Q4 Market Letter, Miller explains that some companies are already converting to bitcoin in order to avoid incurring