A deal can completely change the narrative for a company. This just might be the case for NIO (NIO), so says Morgan Stanley analyst Tim Hsiao. Back in April, the Chinese electric vehicle company inked a deal with the city of Hefei in which it secured a $1 billion investment from several state-owned companies in
The Fed wants its policies to lift many more boats and go far deeper to get lower-income and underemployed Americans to work, before it pulls back from its easy policy stance. Fed Chairman Jerome Powell on Thursday announced that the central bank tweaked its inflation policy, indicating it would be willing to allow inflation to
Collecting vintage or antique items is a growing hobby, especially with sites like eBay making finding and purchasing as easy as a few clicks of a mouse. Collections can also be passed down from generation to generation. You may have inherited your grandmother’s thimble collection or your father’s set of hand-carved tobacco pipes. Many collectors
CNBC’s Jim Cramer on Thursday praised the Federal Reserve and its chairman, Jerome Powell, for updating their approach to monetary policy to help the U.S. economy recover from the coronavirus pandemic. “Powell is on the side of the bulls,” Cramer said on “Squawk on the Street.” The Fed earlier Thursday said it would be willing to
The US justice department has requested Covid-19 data from four states as it considers civil rights investigations into the deaths of nursing home residents. The department said it was requesting the data from New York, New Jersey, Pennsylvania and Michigan, citing orders in those states that required nursing homes to admit coronavirus-infected patients. Italy on
US stocks crept higher and Treasury yields rose on Thursday after Jay Powell, Federal Reserve chair, announced changes designed to give the central bank more flexibility on monetary policy. The S&P 500 closed up 0.2 per cent having set a new intraday high above 3,500 points. Ten-year US yields rose to 0.75 per cent, up
The ongoing economic impact of COVID-19 has resulted in historic unemployment and financial losses to individuals across the United States — with the pain disproportionately born by Black and Hispanic Americans. CFP professionals are in a unique position to help those Americans. But first, our organization must fully realize our vision of building diverse, equitable
“The Justice Department today filed a civil forfeiture complaint detailing two hacks of virtual currency exchanges by North Korean actors,” said an Aug. 27 statement from the U.S. Department of Justice, or DoJ. “These actors stole millions of dollars’ worth of cryptocurrency and ultimately laundered the funds through Chinese over-the-counter (OTC) cryptocurrency traders.” The hackers
Outdoor space sells. Good condition sells. Sensible pricing sells. Neighborhood sells. A … [+] well-located property with a terrace and a reasonable price may receive multiple offers within a few days of going live. getty No real estate market within recent memory offers both the challenges and opportunities inherent in this one. The longer-term impacts
In a major policy pivot, the Federal Reserve said it will allow inflation to run “hotter than normal” to help the economy bounce back from the coronavirus crisis. That means the Fed will be less inclined to hike interest rates, letting borrowers benefit from cheap money for an extended period of time. “This kind of
The U.S. Securities and Exchange Commission (SEC) has amended the definition of accredited investors, such as to include those with proven financial knowledge. The broader definition will enable more people to invest in private offerings of cryptocurrency investments. SEC’s New Accredited Investor Definition The SEC announced Wednesday that it has adopted amendments to the definition
There are potentially serious consequences if Social Security’s payroll taxes are permanently … [+] reduced or eliminated. getty President Trump has made statements recently about the possibility of reducing or eliminating the payroll tax that funds Social Security’s benefits. Understandably, these statements are generating a lot of concern among all quarters, due to the potentially
The Chicago Board of Education signed off on a $6.9 billion operating budget amid warnings that hard decisions lay ahead if the federal government doesn’t come through with more coronavirus-related fiscal relief. The budget banks on $343 million of future federal aid. The junk-rated district received $206 million from the CARES Act signed March 27.
Investors focused on the Basic Materials space have likely heard of Hecla Mining (HL), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company’s year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question. Hecla Mining
The agitators, rioters, and insurgents have pushed very hard, and now, push back is occurring. This may help quiet events for a little while… by Terry Trahan via The Organic Prepper I was finishing up the next two articles in the Survival Strategies series, when the world, particularly the US, started going even more nuts than
Right before the corona crisis, the NASDAQ peaked at 9,817. It closed yesterday at 11,665. The tech-heavy index has been setting records consistently since mid-June. The S&P 500’s post-crash performance has been almost as good. It’s clear that investors are in a buying mood. Despite all of the uncertainty in recent weeks – the resurgence
Take a look at some of the biggest movers in the premarket: Tiffany (TIF) – The luxury goods retailer reported a mixed quarter, with revenue below forecasts, but earnings beating analysts’ estimates. Tiffany’s results were helped by an improvement in sales in China, and the company said global sales trends are continuing to improve during
by Arkadiusz Sieron, PhD The epidemiological outlook improves, while the U.S. stock market reaches one record high after another. But the key question today for the gold investors is: what will Powell say? The U.S. stock market is in the bullish mood. Although Dow Jones is still a few percent below its February peak, the S&P
For aviation-minded investors with their heads in the clouds, there are plenty of investing options structured around the aviation and defense industries–if they’re open to the format. When it comes to mutual funds, the only aviation mutual fund that is directly targeted to the aerospace and defense sector is the Fidelity Select Defense and Aerospace
The New York Stock Exchange has won the approval from regulators to allow companies to issue new shares through direct listings, creating a cheaper alternative to the traditional initial public offering. The Securities and Exchange Commission said in an order Wednesday evening that it approved a new type of direct listing where companies can simultaneously
Military tension between Washington and Beijing is surging after China launched missiles capable of hitting US warships and military bases into the disputed South China Sea. The People’s Liberation Army on Wednesday “fired four medium-range missiles into [an] area between Hainan and the Paracel Islands,” said a US military official on Thursday. Another US military
Black athletes in US sports have led a boycott of games to protest against racial injustice and police brutality, in a show of player power that threatens a shutdown of America’s multibillion-dollar sports industry. The move was triggered when the Milwaukee Bucks pulled out a playoff match on Wednesday. The basketball team is based about
Protesters block a courthouse entrance in Los Angeles on Aug. 21, 2020. VALERIE MACON | AFP | Getty Images The rich really are getting richer. We know this, but two Federal Reserve economists have recently examined the evidence and concluded the gap is getting even wider. Federal Reserve Board economists Isabel Cairo and Jae Sim
The SEC is loosening rules on private market access, expanding who can invest in a sector that has been criticized over lack of transparency. Under the new order, SEC or state-registered advisors and certain brokerage license-holders, among other individuals and institutions, can now be considered accredited investors, giving them access to investments that include private
Japanese messaging company LINE has launched a blockchain development platform called LINE Blockchain Developers for decentralized applications and services. The company has also launched a digital asset wallet named BITMAX that will allow users to centrally manage all the fungible and non-fungible digital assets they obtain from various blockchain services on the LINE Blockchain. LINE’s
As a hurricane approaches, protecting your home becomes a priority. getty Hurricane Laura continues to strengthen to a Category 5 storm as it barrels toward Texas and Louisiana. Potentially devastating winds and storm surge threaten 1.1 million homes with over $265 billion in reconstruction cost value, reports CoreLogic, a global property data and analytics provider.
The Covid-19 crisis is requiring everyone to do something that former FBI hostage negotiator Chris Voss built a career on: make tough, stressful decisions. “I like action, I hate inaction and inertia, and with the pandemic, it is requiring us to make decisions,” said Voss, who now runs his own consulting firm, Black Swan Group.
Russia and China De-dollarization Approaching ‘Breakthrough Moment’ China and Russia are collaborating to reduce their dependence on the U.S. dollar. Trade settlements in USD between the two countries have fallen below 50% for the first time. De-dollarization in Russia and China The dollar’s share of trade between … read more. Why the Rise of the
getty In a positive development for bar applicants and the reputation of the Florida legal community, the Florida Supreme Court announced on Wednesday, August 26, 2020 that the Florida Board of Bar Examiners (“FBBE”) rescheduled the bar examination to take place on October 13th, with October 14th being reserved as a day to continue testing
Norman, Oklahoma, voters on Tuesday rejected a bond measure to fund an aquatics and multi-sport center.City of Norman Oklahoma voters shunned some bond proposals in local elections Tuesday, including $120 million proposed in the city of Norman. The bond vote was the first in the state since the coronavirus crisis struck the U.S. in March.