Peter Schiff-owned Euro Pacific Bank has been suspended by Puerto Rico’s financial regulator. Schiff claims that there’s “no evidence of crimes,” warning that “accounts are frozen and customers may lose money.” Puerto Rico’s Regulator Suspends Peter Schiff’s Bank Euro Pacific Bank, owned by notorious bitcoin skeptic and gold bug Peter Schiff, has been suspended by
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America’s severely underfunded public pensions are allocating ever-greater assets to the highest cost, highest risk, most secretive investments ever devised by Wall Street, such private equity, hedge funds, real estate, and commodities—all in a desperate search for higher net returns that, not surprisingly (given the outlandish fees and risks), fail to materialize. Transparency—public scrutiny and
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Long Position vs. Short Position: What’s the Difference? When speaking of stocks and options, analysts and market makers often refer to an investor having long positions or short positions. While long and short in financial matters can refer to several things, in this context, rather than a reference to length, long positions and short positions are
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The Monetary Authority of Singapore, or MAS, has been “carefully considering” adding restrictions that could affect how retail investors handle crypto, according to one of the government’s senior ministers. According to parliamentary records published on Monday, Singapore senior minister and MAS chair Tharman Shanmugaratnam said the financial watchdog may consider “placing limits on retail participation”
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According to the lead rates and regulatory strategy analyst at Duke Energy Corporation, the second-largest U.S. energy corporation is currently studying bitcoin mining. Lead analyst Justin Orkney said that a bitcoin demand response (DR) study was being worked on and the energy firm is partnered with bitcoin miners that are enrolled in Duke’s DR programs.
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Chicago-based Mesirow is continuing to add new professionals to its capital markets and public finance operations to grow its footprint in the municipal industry. Mesirow has hired Elizabeth Funk, a veteran municipal underwriter who specializes in high-yield bonds, as managing director in the institutional sales and trading municipal underwriting group. She is the seventh new
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For companies at every stage of development, accurately measuring profitability is crucial to the creation of effective business practices and financial management. When you know how to calculate profitability and evaluate the profit for startups, no matter the sector, you can become a successful angel investor. Businesses, accountants, and financial analysts use numerous metrics to
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The European Central Bank will shift the corporate bonds it owns and accepts as collateral away from the most carbon-intensive companies, going further than most big rate-setting authorities but disappointing activists eager to see stronger measures. Announcing plans to “tilt” its €386bn portfolio of corporate bonds away from companies with “a poorer climate performance”, the
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The U.S. Virgin Islands Water and Power Authority board approved an electric system budget Thursday it said will stop its loss of cash. WAPA Chief Financial Officer Jacob Lewis said the budget would stop the authority from “bleeding cash” by projecting a positive or zero free cash flow. The U.S. Virgin Islands Water and Power
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Hope is not an investing strategy… by Gary Tanashian from Notes From The Rabbit Hole These daily charts are flipped over to a view that is ‘anti’ their normal selves I have often referred to the improbably bullish (to many; NFTRH has tracked and respected the bullish dollar for a year now) US dollar as an anti-market,
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A 401(k) and a pension are both employer-sponsored retirement plans. Each can be used by savvy investors to save for their retirement and can capitalize on contributions or benefits from their employer. So, how do these two retirement plans differ? Key Takeaways A 401(k) is a retirement plan to which employees can contribute; employers may
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