SpaceX deploys 60 Starlink satellites in orbit. SpaceX SpaceX gave an update on early tests of its Starlink satellite internet network, which showed speeds capable of playing online video games and streaming movies. Starlink is the ambitious plan by Elon Musk’s company to build an interconnected network of about 12,000 small satellites in low Earth orbit.
An initial public offering from Big Hit Entertainment — valuing the group behind K-pop superstars BTS at almost $4bn — has sparked criticism from analysts who say the price is too high given mounting risks facing South Korea’s entertainment industry. The Seoul-based music agency, which formed the seven-member boy band a decade ago, wants to
Anthony Fauci, a top adviser on the White House coronavirus task force, cautioned that some midwestern states in the US have begun to see an uptick in the rate of positive coronavirus tests before the Labor Day holiday. Dr Fauci named North Dakota, South Dakota, Iowa, Missouri, Indiana and Illinois as “at risk for surging”.
There’s a new king of actively managed ETF. The JPMorgan Ultra-Short Income ETF (JPST) surpassed the long-reigning Pimco Enhanced Short Maturity Active ETF (MINT) as the largest active fund in the $4.9 trillion market. JPST has surged to $13.94 billion in assets after launching in May 2017, overtaking the $13.88 billion MINT, which debuted in
Yearn.finance, an automated DeFi yield-farming protocol, has recently launched the latest yvault strategy, yETH. yVault strategies are a set of predefined actions that allow users to deposit funds and have them automatically sent to liquidity pools where high-yield interest and additional token rewards are earned. The yETH vault was launched on September 2, along with
Polk Properties offers over 30 yrs of Real Estate Vision and Expertise you can trust and depend on. We focus on long-range portfolio value. getty Brokers in the real estate industry hold their client lists dear. Relationship-building is our bread and butter. We tailor our activities to enhance and grow that list. We advertise, cold call, attend
A “For Sale by Owner” sign is posted in front of property in Monterey Park, California. Frederic J. Brown | AFP | Getty Images Homebuyers are rushing for mortgages, but fewer homeowners are refinancing even though rates are heading toward record lows. Total mortgage application volume fell 2% last week from the previous week, according
Stablecoins have been gathering a lot of steam and settling massive value in recent months. Moreover, on Thursday, Coin Metrics’ executive Nic Carter mentioned on Twitter that “stablecoins have been adding $100 [million per day] since mid-July. While a number of dollar-pegged stablecoins have seen demand, the longstanding tether is still capturing most of the
If you’re deciding whether to pay off your mortgage in retirement, carefully consider all the … [+] factors. getty Some pre-retirees and retirees might be wondering if it makes any sense to pay off the mortgage on their home in the current low-interest environment. As it is with many seemingly simple questions, the answer is
Economic activity will likely remain suppressed, especially while Americans are waiting for more and sufficient support fiscally, according to president of the Federal Reserve Bank of Chicago Charles Evans. “More adequate, fiscal relief is needed for us to get through this and it could be late 2022 before we reach pre-pandemic economic levels,” he said
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 prices are moderately down in midday U.S. trading Wednesday, pressured by a rebound in the U.S. dollar
With tough times ahead due to an economic downturn, Indians are pawning family gold for some much-needed quick cash… by Ramon Tomey via Natural News (Natural News) Many countries in the world were affected by the coronavirus pandemic in more ways than one – India being one of them. With tough times ahead due to an economic downturn, Indians
After the pandemic and economic hit in the first half of the year, the markets have found a clear path forward. The S&P 500 is up 8% year-to-date, and the NASDAQ has gained 30% this year. The gains are heading into the rarefied reaches of the financial stratosphere, and it’s important not to lose perspective.
Take a look at some of the biggest movers in the premarket: Facebook (FB) – Facebook announced it would not accept new political ads in the week before Election Day, and will remove posts that claim people will get Covid-19 if they take part in voting. Facebook will also add informational labels to any posts
by confoundedinterest17 The global economy never recovered from the carnage created by the financial crisis of 2008. One measure that shows how bad things have gotten is the Laubach Williams “Natural Rate of Interest” or R-star which is now at an all-time low. (R-star is the real interest rate expected to prevail when the economy is
The decision to refinance your home depends on many factors, including the length of time you plan to live there, current interest rates, and how long it will take to recoup your closing costs. In some cases, refinancing is a wise decision. In others, it may not be worth it financially. Because you already own
Elon Musk Jim Watson | AFP | Getty Images Tesla shares slid more than 6% during premarket trading on Thursday, building on the stock’s recent losses after the company’s largest outside shareholder reduced its position, and after the auto maker said it would raise up to $5 billion in a new stock offering. The stock
When riots broke out last month on 22nd Avenue in Kenosha, after a black man was shot seven times by a police officer in the Wisconsin city, Kammi Hively could see the smoke rising from her house less than a mile away. A day later, a few blocks from Ms Hively’s home, Kyle Rittenhouse, a
A sharp sell off among the world’s largest technology shares sent the US stock market tumbling on Thursday, marking an abrupt change of course for companies that had driven the rally to record highs in recent days. Apple shares were down more than 6 per cent in mid-morning trading in New York, while Amazon, Alphabet
A stock trader wearing a mask walks near social distancing signs the day a new IPO is launched at the New York Stock Exchange as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 27, 2020 in New York City. The fourth phase allows outdoor arts
The CARES Act, signed into law on March 27, has wide-ranging implications for clients with employer-sponsored qualified retirement plans and individual retirement accounts. Once this act was passed, the IRS then issued several notices with additional information and guidance related to the $2.2 trillion economic stimulus bill. Here are some important provisions:1. Permit an additional
During a virtual conference hosted by the Brookings Institute, Andrew Bailey, Bank of England’s (BoE) governor, stressed that crypto assets are just “unsuited to the world of payments.” In prepared remarks on the future of cryptocurrencies and stablecoins, Bailey qualified Bitcoin (BTC) as an asset that has “no connection at all to money.” Also, he
Boxes sit stacked near a moving truck outside Harvard University in Cambridge, Massachusetts. … [+] Photographer: Scott Eisen/Bloomberg © 2020 Bloomberg Finance LP Back in April, as it was becoming clear that the Coronavirus pandemic would have a lasting impact on everything from the future of work to religious worship, a Harris Poll survey found
Most renters in the U.S. are now protected from eviction until the end of the year, according to an order announced on Tuesday by the Centers for Disease Control and Prevention. The ban is unprecedented and could prevent millions of Americans from being forced out of their homes during one of the worst public health crises in
The verified Twitter account for Indian Prime Minister Narendra Modi’s personal website and mobile app has been hacked, Twitter has reportedly confirmed. Tweets asking for bitcoin donations for the Prime Minister’s National Relief Fund for Covid-19 were posted on the account. Twitter Account Tied to Indian Prime Minister Narendra Modi Hacked India’s Prime Minister Narendra
President Trump introduces Dr. Scott Atlas during a news conference on August 12, 2020. (Photo by … [+] NICHOLAS KAMM/AFP via Getty Images) AFP via Getty Images President Trump’s newest White House pandemic adviser, Scott Atlas, reportedly is advocating for the strategy of building “herd immunity” to stop the spread of coronavirus. Atlas, who is
Economic activity grew “moderately” in most districts of the country and while there is a majority of optimistic beliefs about the overall outlook, pessimistic thoughts remain for some, according to the Federal Reserve’s Beige Book, released on Wednesday. The pessimism stems from “continued uncertainty and volatility” related to the COVID-19 pandemic, and its “negative effect
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) – Bitcoin-U.S. dollar prices are weaker again in early U.S. trading Thursday. Bulls have faded a bit late this week but
Gold’s 1980 peak in today’s dollars is actually an eye-watering $18,000. Gold is much closer to inflation-adjusted ALL-TIME LOWS than all-time highs… by Peter Krauth via Streetwise Reports Make no mistake, higher gold prices are coming. By pulling yet another arrow from its quiver, the Fed’s just helped move us closer that target. The Fed
Shares of Ambarella are trading down 3.4% in Thursday’s pre-market session after the video and image processing chipmaker provided a lower-than-expected revenue outlook for 3Q. The company forecasts revenues between $52 million and $56 million, while analysts are projecting sales of $56.4 million. Nonetheless, Ambarella (AMBA) reported better-than-expected 2Q results. The company’s revenues of $50.1