Edward White and Song Jung-a The South Korean government has reinstated tougher social distancing and virus protection measures in Seoul following a resurgence in coronavirus transmission. The move means school attendances will be capped at two-thirds of students and activities at high-risk and multi-use facilities such as restaurants will face restrictions. The rules apply across
If you asked most people to envisage a whisky drinker, chances are Jessica Anwar would not be it. Thirty-two, married, mother of one, with a chain of fitness studios in Singapore and Hong Kong and a taste for vintage Chanel, the wellness entrepreneur defies the stereotype. Yet she’s the co-owner, along with her 29-year-old brother
For certain advisors at five prominent wealth managers, exclusively short term products were allegedly part of the long term investment plan. At least that’s what the SEC says. The regulator brought cases alleging unsuitable sales of volatility-linked products against five firms: one of the biggest enterprises with Cetera Financial Group, Advisor Group’s two largest independent
The total value of assets locked in leading decentralized exchange (DEX) Uniswap has plummeted by 38% in 24 hours amid the conclusion of its UNI liquidity rewards program on Nov. 17. Meanwhile “vampire” clone SushiSwap has doubled its TVL and is aggressively pursuing additional liquidity. As of this writing, Uniswap’s total value locked (TVL) is
The penthouse occupies the 37th through 39th floors of the 1930s Hampshire House on Central Park … [+] South. Nest Seekers International A Manhattan penthouse overlooking Central Park, on the so-called Billionaire’s Row, with an award-winning redesign teed up, is being auctioned off next month with no reserve. The apartment is currently on the market
In a filing registered with the U.S. Securities and Exchange Commission (SEC), the giant global investment firm Skybridge Capital explained that the fund Skybridge G II may invest in digital currencies like bitcoin. On November 13, the New York-based company with $7.7 billion assets under management (AUM) told the U.S. regulator that Skybridge investment funds
getty Reformers have long bemoaned the manner in which poor workers pay too high a “marginal tax rate” when both “regular” taxes and government benefit phase-outs are combined together. A recent article at Accounting Today summarized the situation: “About a quarter of lower-income workers effectively face marginal tax rates of more than 70 percent when
The effect of coronavirus is constantly felt by Americans, both in their daily lives and in their financial well-being. While the first stimulus package delivered some financial relief starting in April through Economic Impact Payments (EIP), there were several glitches in the first stimulus package, partially due to the lack of direct deposit access for
K92 said today that it produced 22,261 oz gold equivalent oz, comprising 21,298 oz of gold, 488,020 lbs copper and 7,127 oz silver in Q3. Cash costs were US$695/oz gold and all-in sustaining costs of US$834/oz gold. Net income was US$9.4 million or US$0.04 per share. Quarterly revenue was US$35.6 million, a 70% increase from
“I hope Trump wins because…he’s our last defense against some of these people, and that’s why they have been trying to steal this election…” Martin Armstrong interviewed on USA Watchdog by Greg Hunter Legendary financial and geopolitical cycle analyst Martin Armstrong said his computers picked up massive fraud coming in the 2020 Election years ago.
If you’re looking for a blowout success story reflecting this year’s unique circumstances, look no further than mega-cap Amazon (AMZN). The e-commerce giant has benefited immensely from the Covid-19 driven environment and has made all the right moves; Amazon has responded almost flawlessly to the outsized demand, delivering massive sales and profits in the process.
People walk by a T-Mobile store in San Francisco, California Justin Sullivan | Getty Images Check out the companies making headlines after the bell on Monday: T-Mobile — T-Mobile shares rose more than 2% in after-hours trading after Warren Buffett’s Berkshire Hathaway disclosed a stake in the mobile networking company. A 13F filing showed the
By Sasha Kay This isn’t just a megatrend. It’s a movement in Big Money, and it’s the most profound redistribution of investment that the world’s biggest asset and wealth managers have recently seen. Big money is fleeing anything that’s not sustainable. By 2022, PwC says that 77% of institutional investors will stop buying non-ESG products entirely. ESG
Despite stocks plunging and high volatility in the market, 2020 has also seen continued growth within the exchange traded fund (ETF) market. The top five issuers of ETFs alone each have $100 billion or more in assets under management (AUM). In addition to overall growth, there have been other new developments and trends in the
Gregg Lemkau, co-head of investment banking for Goldman Sachs & Co. Christopher Goodney | Bloomberg | Getty Images Goldman Sachs is losing one of its top dealmakers. Gregg Lemkau, a nearly-three decade veteran of the bank and co-head of its powerhouse investment banking division, is leaving Goldman at the end of the year, according to
US stocks were on track to set another record closing high on Monday, after biotech group Moderna revealed trial data that showed its coronavirus vaccine was highly effective. Wall Street’s benchmark S&P 500 index was up 0.8 per cent in afternoon trading, following European stocks higher. The tech-heavy US Nasdaq Composite advanced 0.4 per cent.
Insurance companies disputing a judgment in favour of small businesses seeking millions of pounds in payouts for coronavirus disruption told the Supreme Court on Monday that the earlier ruling was based on fundamentally flawed arguments. In a fast-tracked appeal of an earlier High Court judgment — which largely ruled in favour of up to 370,000
Two ex-Morgan Stanley financial advisors whose team managed $2 billion in client assets joined an LPL-affiliated firm, making it the second largest recruiting move this year in the independent broker-dealer sector. Advisors John Gallagher and Mark Levin of Marlton, New Jersey-based Maverick Partners Wealth Management affiliated with LPL Financial as their IBD and Gladstone Financial
As Bitcoin (BTC) continues to rally to a new 2020 high above $16,700, traders are pondering whether this is the start of a new bull market. Mike McGlone, senior commodities strategist at Bloomberg Intelligence, believes that the main hurdle is at the all-time high near $20,000. Once that is crossed, Bitcoin could reach a $1
Investment Specialist, Team Denver Homes - RE/MAX Professionals. getty Wherever you are on your real estate investment journey — whether you’re a first-time homebuyer or a seasoned investor — you need to be thoughtful and strategic about how you spend your hard-earned money. You have many different investment routes to choose from, which can sometimes be overwhelming
Nigeria’s Economic and Financial Crimes Commission (EFCC) is seeking the public’s help in locating Omotade Sparks Amos Sewanu, the mastermind behind the Inksnation crypto scam. According to a notice published in the local media on November 11, the EFCC wants Sewanu to respond to fraud charges relating to Inksnation’s purported crypto token- Pinkoin. The Inksnation
By Chris Farrell, Next Avenue Getty Images The upcoming Joe Biden-Kamala Harris administration’s immediate challenges are obvious: Fight the worsening pandemic and bolster the economic recovery. But the 2020 election may also mean that older Americans will see major policy changes affecting their retirement and health care coverage. In fact, legislation to improve retirement security
Municipal bonds were steady to slightly stronger out long on Monday as investors look forward to this week’s new-issue slate in the last full trading week ahead of the Thanksgiving holiday and month end. Yields on top-rated bonds fell by as much as one basis point on longer-dated maturities on AAA scales while U.S. Treasury
Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) – Turquoise Hill (TRQ: TSX & NYSE) said today it had revenue of $264.4 million in Q3’20, and increase of 26.4% from $209.2
Few Democrat voters understand that the party has been transformed into an ideological revolutionary party that intends to… by Paul Craig Roberts via PaulCraigRoberts.org The Democrats Are Aiming for a One-Party Government Paul Craig Roberts It was interview questions from a Russian journalist that made me realize that the Democrat Party was no longer merely
The prospect of a COVID-19 vaccine hitting the market in coming months – rather than years – and chance it offers to control the novel virus, has investors in a mood to buy, and fueled the market gains. The S&P 500 is up more than 10% so far in November. So which stocks should you
Take a look at some of the biggest movers in the premarket: Moderna (MRNA) – The drugmaker said the first analysis of phase 3 study data showed its experimental Covid-19 vaccine had an efficacy rate of 94.5% and saw no significant safety concerns. Moderna also said the vaccine will stay stable at refrigerated temperatures for
Most CTH readers are likely aware of the term “deplatforming.” Unfortunately, the big tech control mechanism to shut down speech & assembly has now arrived on our doorstep. One week after the 2020 presidential election, The Conservative Treehouse received the following notification: …”given the incompatibility between your site’s content and our terms, you need to find
Canopy Growth Corp. (NYSE: CGC; TSX: WEED) is a Canada-based holding company that produces, distributes, and sells a variety of cannabis and hemp-based products for medical and recreational use. Its products include dried flower, hemp, vape pens and cartridges, THC- and CBD-infused beverages, and edibles. Founded in 2013, Canopy Growth faces competition from a large
US biotech Moderna said its Covid-19 vaccine had shown 94.5 per cent efficacy in clinical trials, in the second positive set of results for a potential coronavirus shot in the past eight days. Last week, US giant Pfizer and Germany’s BioNTech also said their vaccine, which uses the same messenger RNA technology, was found to