Markets have taken a pounding in recent sessions and investors are understandably nervous. The NASDAQ, which had been leading the markets’ recent gains, tumbled 8% in the last two days on fears over high valuations. So, it’s time for defensive stocks. These are stocks that will provide your portfolio with a degree of insulation, protection
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Berkshire Hathaway continues to aggressively reduce its stake in Wells Fargo, the troubled California bank that had long been a favourite of the conglomerate’s chairman, Warren Buffett, who first started buying the shares in 1989. Berkshire has sold more than 100m shares in Wells, worth almost $2.5bn, since the end of June, according to a
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By Kerry Hannon, Next Avenue Contributor getty The great national Covid-19 remote working experiment the past six months has opened the lid on the benefits and the challenges of working from home for millions of workers. For Sandra Molleck, who works as a commercial lines account manager for a large California based insurer through WAHVE
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Orange County, Florida, officials pulled the plug on a major bond-financed expansion of the second-largest convention center in the country amid a five-month-long, double-digit plunge in tourist tax collections, which support the plan. Since the pandemic-induced downturn, the county had used tourist development tax revenues to continue designing the $605 million capital improvement plan at
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According to the WGC, the latest leg of gold’s 2020 bull run has come too fast, but gold has still potential for further upside.  World Gold Council has recently published a few interesting reports. Let’s analyze them and draw important conclusions for the precious metals investors! ” data-reactid=”13″>The World Gold Council has recently published a few
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The next inflation crisis will be worse than the 1970s… Brian Hirschman interviewed on Palisade Radio Tom welcomes Brian Hirschman, Managing Partner of Hirschmann Partnership also known as the “World’s Most Bearish Hedge Fund.” Brian says there is some truth to that statement because they are bearish on many sectors. Brian is concerned about US
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Take a look at some of the biggest movers in the premarket: DocuSign (DOCU) – The provider of electronic signature technology reported quarterly earnings of 17 cents per share, more than doubling the 8 cents a share consensus estimate. Revenue also beat forecasts and DocuSign issued upbeat full-year guidance. Broadcom (AVGO) – Broadcom came in
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The West Texas Intermediate (WTI) crude oil futures contract zoomed higher in April after a historic decline into negative numbers, driven by idiosyncrasies between the futures contract and physical delivery requirements. It topped out in the low $40s in August and fell to a six-week low this week, with positive seasonality dropping off the calendar
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For weeks now, Germany has debated the significance of the varied and seemingly incompatible factions that have descended on the capital to rally against the country’s coronavirus measures. From anti-vaxxers to biologists, Christian fundamentalists to conspiracy theorists, neo-Nazis to Hare Krishnas — could the forces gathered under the banner of coronavirus scepticism constitute a viable
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Champagne sales have had a bit of a wobble this year. But that hasn’t stopped a number of houses from releasing cuvées that are really exciting – champagnes that find fresh ways to talk about winemaking and terroir, or venture where others have feared to tread. Bollinger’s PN (£80 from thefinestbubble.com) is its first new
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The price of Bitcoin (BTC) dropped to sub-$10,000 across major exchanges again on Sep. 5, marking two consecutive days of testing the crucial level. Other major cryptocurrencies, including Ethereum’s Ether (ETH), fell by nearly 10%. The daily chart of Bitcoin. Source: TradingView.com Three factors likely contributed to the abrupt drop of Bitcoin include miners, a
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Median listing prices rose 19% in Philadelphia in August getty Realtor.com recently released the latest numbers on the country’s housing market. Economists crunched the numbers from August. Despite a 10 % year-over-year increase in the national median listing price to $350,000, the market is hotter and more competitive than ever. This current listing price growth is
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Crypto banking platform Cashaa has unveiled plans to expand its services in India, the U.S., Africa, and the Caribbean. In India, the company aims to create “the first crypto-friendly banking platform” that is regulated by the central bank, the Reserve Bank of India (RBI), Cashaa’s CEO has shared with news.Bitcoin.com. Cashaa Unveils Expansion Plans London-based
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Puerto Rico Gov. Wanda Vázquez nominated Efran Paredes Maisonet to be the new executive director of the Puerto Rico Electric Power Authority on Friday. The governor made the nomination to the authority’s board of directors, which normally approves the governor’s nomination. PREPA power plant in Guayanilla, Puerto Rico Paredes Maisonet has been serving as interim
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[embedded content] (Kitco News) – More generalist investors are jumping into the gold market because they can no longer ignore the threat of global currency debasement, according to one fund manager. In an interview with Kitco News, on the sidelines of the Mines and Money Online Connect global virtual mining conference, Willem Middelkoop, founder and
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What is happening as the massive bubble is bursting in the US economy? Is there any hope to survive – or even prosper? by Ron Paul of Ron Paul Liberty Report What is happening as the massive bubble is bursting in the US economy? Is there any hope to survive – or even prosper –
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Despite the recent pullback, 2020’s frothy stock market has provided Tesla (TSLA) investors with massive returns. However, if Wall Street’s most prominent Tesla bear has his way, the next 12 months will be a steep descent to the bottom. GLJ Research analyst Gordon Johnson expects Tesla shares to be changing hands for $19 each a
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