The free lunches are over. Sort of. Merrill Lynch is placing new limits on the perks its advisors receive from third-party asset managers. The move restricts long-held practices, but likely won’t have a big immediate impact given that the coronavirus pandemic has curbed events such as dinner parties and in-person meetings. Merrill Lynch told employees
The Committee on Energy and Commerce has just approved two pieces of legislation to spur more in-depth analysis of blockchain technology in government, clearing the way for their vote in the House of Representatives. In an online debate moderated by Chamber of Digital Commerce founder Perianne Boring on Sept. 9, Democratic Representative of Florida’s 9th District
Broker/Owner of Commercial Professionals in Las Vegas for over 25 years, professional speaker and author of The Successful Woman’s Mindset. getty The initial step into commercial real estate is often a challenge for new investors. Whether you already have experience investing in residential properties or this is your very first real estate venture, you likely have a
The development is located in the St George area of Bristol, England. Jon Craig Photos Whether it’s sky-high apartment blocks, low-rise housing or converted shipping containers, the buildings we occupy come in all shapes and sizes. In Bristol, England, one development is attempting to address the city’s housing needs through a modular design that places
Following the arrest of 109 accused members of the $6 billion Ponzi scheme called Plustoken, six alleged members of the team were prosecuted according to a court filing submitted on Monday. The prosecutors say the individuals are “suspected in organizing and leading criminal pyramid schemes.” The Plustoken scam was a large heist that managed to
By Kevyn Burger, Next Avenue Contributor getty Bill Currey has thoroughly enjoyed his 45-year career in real estate, with one notable exception. Now semi-retired, the 75-year-old resident of Charleston, W. Va., is still required to take annual continuing education classes to maintain his license. “I know it’s important, but I hate it,” admitted Currey. So
Legislators concerned about New Jersey Gov. Phil Murphy’s borrowing plans have new ammunition to fight it, as the state’s Office of Legislative Services tax revenue projection was $1.37 billion more than the Department of Treasury said. The projection covers collections through the end of June, and is the largest gap ever between estimates from OLS
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) – The gold market, as it continues to hold critical support, above $1,900 an ounce, is in no danger seeing its current uptrend
If money pumping can grow the economy, then why not pump plenty of it to generate massive economic growth? by Frank Shostak via Mises The US Fed is considering lifting its inflation target above 2 percent in order to revive the economy. Contrary to the accepted practice, the Fed is not expected to raise an alarm
Making sense of disparate data streams is a necessary skill for investors; stocks can shift in response to a wide range of causes, or sometimes none at all, and putting together a profitable portfolio requires understanding the factors that influence those stock movements. The forest of available data makes investing in the stock markets an
A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, during hot weather in New York City, New York, U.S., August 11, 2020. Mike Segar | Reuters The swift correction in Nasdaq and technology stocks has cleared away some of the market’s
by Dr. Eowyn I had read about this some time ago but didn’t pay much attention to it until it happened to me. Yes, I’m one of many Americans who received in the mail a small package from China containing a plastic bag with mystery seeds, like below: If you’ve received mystery seeds, DO NOT
Federal Housing Administration (FHA) loans require escrow accounts for the payment of property taxes, homeowner’s insurance, and mortgage insurance premiums (MIP). Rather than paying taxes directly to the government or insurance premiums to the insurer, an FHA borrower pays toward these expenses each month as part of his mortgage payment, with that money placed in
Investors who have cash might want to consider putting some to work after a recent pullback in the stock market, CNBC’s Jim Cramer advised Wednesday. “If you haven’t bought anything, maybe you dip your toe in,” Cramer said on “Squawk on the Street,” while noting he has for weeks been advising people to sell and lock-in
LVMH said it was no longer possible for it to complete the $16.6bn takeover of US jeweller Tiffany after the French government ordered the world’s largest luxury group to delay the closing past a key deadline because of transatlantic trade tensions. Tiffany hit back by suing the company controlled by French billionaire Bernard Arnault. It
AstraZeneca has paused all clinical trials of the Covid-19 vaccine it is developing with Oxford university after a participant in the UK section of the study suffered a suspected serious adverse reaction. The UK-based drugmaker voluntarily put the trial on hold after the discovery of the sick participant, who fell ill with a rare inflammatory
Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. Brendan McDermid | Reuters There’s a spate of new exchanges ready to launch that want
Democrats on the tax-writing House Ways and Means Committee introduced a bill to overturn President Trump’s executive action to defer payroll tax contributions, along with a resolution of disapproval that’s being coordinated with Democrats in the Senate. Last month, Trump signed a memorandum to defer the 6.2% employee’s share of Social Security taxes from Sept.
In its latest crypto newsletter, Bloomberg said that according to its records, the correlation between Bitcoin (BTC) and gold is at its highest level since 2010: Bitcoin and gold correlation. Source: Coin Metrics. If you look at the chart above or find other charts online that track correlations between the two assets, you will likely
Arian Nemati is Co-Founder and CEO at ADEx and Ecognitionlabs.com, an AI research and development company. getty With approximately 11% of Americans out of work in June of 2020 and 82% of small business owners reporting they are concerned or very concerned about the potential impact of the virus on their business, it might seem at first glance that
People walk into a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020. Home buyers eying for cozy backyards and more office space are staging bidding wars in the suburbs surrounding New York City amid the spread of the COVID-19 pandemic. Wang Ying | Xinhua News Agency
Ukraine, Russia, China, South Africa, Nigeria, Kenya, and the U.S. are among the top-ranking countries by cryptocurrency adoption, according to the 2020 Global Crypto Adoption Index compiled by blockchain data analytics firm Chainalysis. Countries With Highest Crypto Adoption Chainalysis’ 2020 Global Crypto Adoption Index, released Tuesday, ranks 154 countries based on their cryptocurrency adoption. “The
The great 401k experiment of the past 50 years has failed generations of America’s workers. 401ks … [+] are structurally flawed and cannot provide meaningful retirement security. getty The great 401k experiment of the past 50 years has failed generations of America’s workers. As controversial as that statement may sound, today there is broad consensus
The Federal Reserve has made it clear it believes the economic recovery depends on how the coronavirus progresses, and it expects a long return to a pre-COVID levels, but economists beg to differ, offering their own view of the shape of the rebound. At the beginning of the pandemic-related shutdown, many believed it would be
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) - Gold and silver prices are higher in midday U.S. trading Wednesday. Gains in the metals are seen despite a solid rebound
What better and safer investment can there be, in times like these than Silver and Gold in hand and away from any and all third parties? submitted by J. Johnson via JS Mineset Great and Wonderful Wednesday Morning Folks, Gold is now trading at $1,930.90 down $12.30 from the Comex closed after getting pushed
Major gaming companies are enjoying a significant increase in demand as people have been forced to spend more time at home due to the ongoing pandemic. Meanwhile other forms of entertainment like sporting events and movie theaters are operating under restricted conditions or have had to shut down entirely. As per The NPD Group, US
Take a look at some of the biggest movers in the premarket: Tiffany (TIF) – Shares of the luxury goods retailer are under pressure after France’s LVMH said it would stick to a Nov. 24 deadline to complete the deal and that current circumstances would not allow that to happen. Tiffany said it would sue
If you have more than 20% equity in your home, you may qualify for a home equity line of credit (HELOC). A HELOC is a convenient and often inexpensive way to borrow money using your home’s value as collateral. You don’t have to get a HELOC from the company that services your existing mortgage, so
Maxim Znak, one of Belarus’s leading opposition figures, was reportedly detained by masked men on Wednesday morning, in the latest step in a sweeping crackdown on opponents of autocratic president Alexander Lukashenko. Mr Lukashenko, who has ruled the eastern European nation since 1994, has been battling to retain his hold on power since huge protests