Merrill Lynch promoted one of its own to fill a key position left vacant amid recent executive changes at the wirehouse. The firm elevated Steve Alch to the post of Southeast division executive, according to an internal memo seen byFinancial Planning. He replaces Eric Schimpf who was named head of advisory development, a recently created
A Japanese professional soccer player is launching his own cryptocurrency to boost fan engagement. Keisuke Honda, former Japan midfielder and currently a captain of the Brazilian professional league team Botafogo, has launched his own token to build new connections with his fans, Cointelegraph Japan reported on Oct. 22. The so-called “KSK Honda Coin” was launched
authentic medieval beautiful villages (borgo) of Italy getty Italy’s region of Emilia Romagna is paying people under 40 up to €30,000 to move to its mountain towns and buy or restore a house, in a bid to revamp depopulated areas. The goal is to breathe new life into off-the-radar places where living conditions are tougher
Prices in the Hamptons hit new records in the third quarter, as wealthy New Yorkers fled the city and continue to buy homes on the beach, according to a new report. The average sales price in the Hamptons soared 46% in the quarter, to just over $2 million, according to a report from Douglas Elliman
PRESS RELEASE. Yearnify Finance is a community-centered DeFi-project, modeled to take the successful features of Yearn Finance (YFI), and improve upon them, we aim to bring the true value of yield farming finance accessible to all users, we offer the most secure and simple way to earn reliable yields on your assets. Yearnify Finance is
Should you pay mortgage points in a low rate environment? getty Mortgage points are an upfront payment to the lender, expressed as a percent of the loan amount. For example, one point on a $320,000 loan is $3,200. Points are part of the price of a mortgage, along with the interest rate, and can be positive
When both origination and forbearance demand spiked in the early weeks of COVID-19, quick thinking lenders were able to leverage their expertise and tech stacks to respond quickly. In this panel discussion from this year’s DigMo event, Phil Shoemaker, President of Originations at Home Point Financial, Tammy Richards, COO of loanDepot and Bob Brandt, Vice
By Ravindra RaoGold and silver prices were trading mixed but were near the flatline in Friday’s session, amid uncertainty over economic stimulus package from the US. Here is a trading strategy for the bullion counters: GoldMCX Gold breached the lower trend line support of a rising wedge, but managed a higher closing yesterday. Candlestick study
Central bankers will need to restore confidence, and they will turn to some type of gold standard to do so. We’re a long way from that point right now. But if… by Jim Rickards via Daily Reckoning You’re likely aware of the price action in gold lately. Gold has rallied from $1,591 per ounce on
Shares of Alaska Air Group increased 2.3% on Thursday after the airlines company managed to lower its daily cash burn to approximately $4 million in 3Q from approximately $5 million in 2Q. Meanwhile, Alaska Air (ALK) reported 3Q loss of $3.23 per share, wider than both the analysts’ loss estimate of $3.01 per share and the year-ago loss of
Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues New York, May 27, 2020. Lucas Jackson | Reuters The bond market appears to be waking up. After trading in a close range since June, Treasury yields are starting to break
from Kerry Lutz’s Financial Survival Network [embedded content] Dr. Jerome Corsi is back… The U.S. dollar has joined other major currencies in a race to zero value as central banks are failing, unable to preserve purchasing power in fiat currency that has lost 100% of its value since the U.S. went completely off of the gold standard
The coefficient of variation (COV) is the ratio of the standard deviation of a data set to the expected mean. Investors use it to determine whether the expected return of the investment is worth the degree of volatility, or the downside risk, that it may experience over time. Dividing the volatility, or risk, of the
Billionaire hedge fund manager Paul Tudor Jones has turned more bullish on bitcoin, calling it the best inflation hedge. “I like bitcoin even more now than I did then. I think we are in the first inning of bitcoin and it’s got a long way to go,” Jones said on CNBC’s “Squawk Box” on Thursday. He
California reported its biggest one-day jump in deaths in five weeks on Thursday. Authorities attributed a further 162 deaths to coronavirus, up from 35 on Wednesday. France announced a record 41,622 confirmed cases of coronavirus for the previous 24 hours on Thursday, shortly after Prime Minister Jean Castex extended a night-time curfew that will now
Peter Spiegel, US Managing Editor Can a second presidential debate really alter the course of an election? If history is any guide, it’s usually the first debate that gets the biggest audience and sets the tone, which would be bad news for Donald Trump, whose first debate performance may go down as one of the
A former Wells Fargo manager filed a discrimination claim against the bank after losing his job while on medical leave for cancer. Reginald Robinson, 65, alleged race, age and disability discrimination in a complaint filed against the company’s clearing-services business with the Equal Employment Opportunity Commission last month, according to a copy of the document
Data published by Arcane Research suggests that despite demand for peer-to-peer crypto trading platforms in the middle east, regulations and lack of infrastructure is slowing down adoption. But undocumented migrants in western countries have been making use of these platforms to send money back home. According to an October report from the firm, peer-to-peer crypto
Founder & CEO Robert Reffkin started Compass in 2012 Compass In my continuing coverage of the country’s real estate market, I reached out to Compass Founder & CEO Robert Reffkin. In 2012 Reffkin started Compass with the idea to providing tools and services to help real estate agents grow their businesses and better serve their
The CEO of real estate brokerage Redfin told CNBC on Thursday he anticipates the coronavirus pandemic-driven boom in the housing market will persist into next year. Existing home sales increased 9.4% in September, surpassing expectations, and the median purchase price rose nearly 15% year over year, according to data released earlier Thursday by the National Association of
The price of bitcoin touched new highs in 2020 and a number of supporters are optimistic that the crypto asset’s value will drive higher. In addition to this year’s bitcoin price high, around eight different countries have seen bitcoin touch all-time highs (ATH) in their local currency. The bitcoin ATHs in these countries show how
The Maximum OUt-of-Pocket Limit For Medicare Advantage Plans Will Be $7,550 In 2021. getty The Open Enrollment Period began October 15. It’s the time to pay attention to your Medicare Advantage plan. So many things can change—premiums, networks, copayments, coinsurance, networks, extra benefits and more. But the big change this year, one that many may not
Immediately after the complete list of The Bond Buyer’s fifth class of Rising Stars is revealed at the start of the program, Editor in Chief Mike Scarchilli sits down with three members of the newly minted class of standout municipal finance professionals under the age of 40 to discuss the muni market’s adaptation to and
[embedded content] As bitcoin matures, the largest cryptocurrency trades more like gold, a store of value, as evidenced by the two assets’ close correlation with each other this year. This correlation is likely to hold, said Mike McGlone, commodity strategist at Bloomberg Intelligence, and the same macroeconomic forces pushing gold higher are likely to drive
All the staging is a means to an end, and everyone in America is nothing more than a means to an end: close the sale so the few can… by Charles Hugh Smith via Of Two Minds All the staging is a means to an end, and everyone in America is nothing more than a
Cars are ubiquitous. Love them or hate them, you can’t get around them – or sometimes, get around without them. This makes them attractive as long-term investments for investors who know that the market, while dynamic and changing, is not going away. Deutsche Bank analyst Emmanuel Rosner has been following the state of the car
A visitor at Intel’s Artificial Intelligence (AI) Day walks past a signboard during the event in Bangalore, India Manjunath Kiran | Getty Check out the companies making headlines after hours Thursday: Intel — Intel shares dropped 10% after the bell on the back of mixed results for the company’s fiscal third quarter. The chip maker
BY JOHN RUBINO US stocks are behaving amazingly well given the political and economic near-chaos of the past few months. This is probably the first recession that inflated rather than popped financial asset bubbles. Why? Because panicked governments and central banks are dumping trillions of play-money dollars into the system, a big part of which flow directly into
Like any type of loan, life insurance policy loans come with pros and cons. It is important to look at both aspects before deciding whether to borrow against your whole life insurance policy. Pros of a Life Insurance Policy Loan Getting a life insurance policy loan is quick and easy. Since you are borrowing against your own assets, there
(L-R) Lloyd Blankfein and David Solomon attend NYSCF Annual Summer Cocktail Reception at Private Residence on July 15, 2016 in Sagaponack, NY. Sean Zanni | Patrick McMullan | Getty Images Goldman Sachs is moving to claw back or cut tens of millions of dollars in compensation for executives including CEO David Solomon and former CEO