Donald Trump said the Covid-19 pandemic in the US will “get worse before it gets better”, in a marked change of tone during his first White House coronavirus press briefing in nearly three months. “Some areas of our country are doing very well, others are doing less well,” the president told reporters on Tuesday, hours
Snap said that its revenues this month were running close to one-third higher than in July last year, signalling a rebound in spending by pandemic-hit advertisers, but it warned of headwinds in the rest of the quarter. The Los Angeles-based social media group said that advertising sales growth had picked up after what was, for
Over the last three months, home mortgage rates have managed to achieve five (!) all-time lows. Currently, Freddie Mac, which buys mortgages from banks, reports an average 3.13% rate on 30-year fixed-rate mortgages, and there is a chance that we could see rates below 3% between now and the end of August. You should consider
A known gold enthusiast, financial commentator Peter Schiff said Bitcoin (BTC) holders are not actually looking to the asset as a storage of wealth — one of the most commonly touted use cases surrounding the coin. “I buy gold as a way to store my wealth, as a conservative place to keep liquidity, as opposed
COVID-19 is making people take a hard look at their investment strategies, estate planning, insurance and their real estate. Market volatility has given rise to “experts” who are coming out of the woodwork with spam emails and ads that offer assistance with stocks or investment opportunities in hard assets like gold coins. Bad decisions are
Kevin O’Leary told CNBC on Tuesday the U.S. government should not establish more relief programs for businesses impacted by the coronavirus and instead allow market forces decide which companies survive. “As a result of the pandemic and people’s changes in purchase behavior, there is a new America emerging and the only way to feel that out
Renters Threaten US Real Estate Market, 20 Million Americans Face Eviction The aftermath of the coronavirus-provoked business shutdowns in the United States caused a number of market observers to focus on the U.S. real estate and rental markets. As the federal moratorium on evictions reaches its expiry, a recent Aspen Institute … read more. Crypto
Next, we consider the joint impacts of rollup rates and payout rates on the amount of guaranteed income the annuity can support. When it comes time to begin taking guaranteed withdrawals, it is worthwhile to investigate whether applying the contract value of the annuity assets to a higher payout rate possibly available from other annuities
Municipals were steady Tuesday, with yields on the AAA muni scales a bit stronger on shorter maturities as traders and other market participants monitor the ongoing virus-related uncertainties. Muni bonds were little changed on Tuesday with a small uptick in volume, ICE Data Services said, adding that “taxable yields are about two basis points lower
TORONTO, July 21, 2020 (GLOBE NEWSWIRE) — Golden Tag Resources Ltd. (“Golden Tag” or the “Company“) (TSX.V: GOG) is pleased provide an update on the Company’s strategic opportunities and plans for growth. As silver prices continue to rebound, the Company’s 100% owned San Diego Project is well positioned as one of the largest undeveloped silver
What they don’t understand is inequality is America’s Monster Id: the more you try to suppress it, the more powerful it becomes… by Charles Hugh Smith via Of Two Minds What they don’t understand is inequality is America’s Monster Id: the more you try to suppress it, the more powerful it becomes… The word privilege is much
Logitech (LOGI) raised its 2021 annual profit outlook after operating income spiked 75% in the first quarter as stay-at-home orders tied to the coronavirus pandemic boosted demand for its computer products. Logitech’s non-GAAP operating income in the quarter ended June 30 surged to $117.3 million, up from $67 million in the year-earlier period. Q1 sales
A bottle of Diet Coke is pulled for a quality control test at a Coco-Cola bottling plant in Salt Lake City, Utah. George Frey | Getty Images Check out the companies making headlines in midday trading. Coca-Cola — Coca-Cola gained 2.5% after the beverage giant gave an optimistic view about its future. The company said it expects
by John Ward Revealed: The US Center for Disease control has zero confidence in Covid face masks. Does this make them denialist fanatics? Radio 4 thinks it does. I’m indebted to veteran Slogger Clive for drawing my attention to a slight cock-up here on the face-mask front: as this excerpt from the CDC’s view of the
Accrued Expenses vs. Provisions: An Overview In accounting, accrued expenses and provisions are separated by their respective degrees of certainty. All accrued expenses have already been incurred but are not yet paid. By contrast, provisions are allocated toward probable, but not certain, future obligations. They act like a rainy-day fund, based on educated guesses about
The Robinhood investment app is see on a smartphone in this photo illustration on June 24, 2020 in Washington,DC. Jim Watson | AFP | Getty Images Robinhood has postponed the launch of its popular stock-trading app in the U.K. indefinitely. The Menlo Park, California-based fintech firm told people signed up to its U.K. waitlist Tuesday that
The data indicates the spread of the virus in India’s big cities is more widespread than the government has acknowledged © EPA/Shutterstock New Delhi has reported one of the highest rates of coronavirus infection of any major city, surpassing a figure recorded in New York as nearly a quarter of people in the Indian capital
The US has accused two Chinese citizens of trying to uncover security weaknesses at American firms doing coronavirus research as part of a wider hacking scheme aimed at stealing trade secrets. In an indictment unsealed on Tuesday, the US Department of Justice claimed the alleged hackers had worked with an officer with China’s Ministry of
Carlyle Group co-CEO Glenn Youngkin is stepping down after less than three years at the helm, handing sole control of the private equity giant to Kewsong Lee in the midst of the coronavirus pandemic. Youngkin, 53, who joined Carlyle in his 20s and was long groomed by its founders, decided to give up his post
On July 21, legal representation for GNY, a firm focused on artificial intelligence and the issuer of LML, filed a final notice of liquidators’ failure to comply with duties. The liquidator in question is accounting firm Grant Thornton, which GNY accuses of botching their handling of hacked and defunct crypto exchange Cryptopia. Such a notice
Anasazi dwellings across the corners of Arizona, Utah, Colorado and New Mexico kept these first … [+] millennium Southwestern inhabitants in close touch with their natural surroundings. (Photo by Katie Falkenberg/Los Angeles Times via Getty Images) Los Angeles Times via Getty Images Humans lived for millions of years in natural environments, taking or creating rough
A house for rent in Corona Del Mar, California. Scott Mlyn | CNBC Back in February, just before the coronavirus hit the U.S. economy with a vengeance, rent growth for single-family homes had hit its highest pace in four years. Barely three months later, that growth plummeted to a decade low. Single-family rents grew just
Renters Threaten US Real Estate Market, 20 Million Americans Face Eviction The aftermath of the coronavirus-provoked business shutdowns in the United States caused a number of market observers to focus on the U.S. real estate and rental markets. As the federal moratorium on evictions reaches its expiry, a recent Aspen Institute … read more. Crypto
An alternative to gold Getty There are other ways to capitalize on future market mischief I think of gold this way: in times of market stress, own it…if you really have to. Gold has a reputation as a substitute for hard currencies. But there are many ways to invest to try to solve the problems
Texas faces a shortfall of $4.8 billion at the end of fiscal year 2021, Comptroller Glenn Hegar reported Monday. The revised the Certification Revenue Estimate represents a nearly $7.5 billion swing from the previous estimate of $2.89 billion positive year-end balance. Hegar attributed the dramatic reversal to COVID-19 pandemic and recent volatility in oil prices.
(Bloomberg) — Precious metals are shining, with both gold and silver hitting multi-year highs on the back of persistent concerns over the coronavirus and the outlook for further economic stimulus worldwide. Gold futures surged to an almost nine-year peak and silver touched the highest since 2014 after Hong Kong reported additional cases of the virus
We might see an initial move higher – back above the rising resistance line, and then a slide below it, perhaps through… by Przemyslaw Radomski via Sunshine Profits The mining stocks’ performance falls in line with what we wrote previously. Quoting yesterday’s analysis: Today, we would like to dig deeper into the analogy to the
Seven-year-old Hamza Haqqani, a 2nd grade student at Al-Huda Academy, uses a computer to participate in an E-learning class with his teacher and classmates while at his home on May 01, 2020 in Bartlett, Illinois. Scott Olson | Getty Images Last year at this time, many Americans were taking summer vacations, ahead of their children’s
Photo by Flickr.com| CC BY | Photoshopped From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: The Fed is in no position to respond to the spike in inflation, Swiss hedge fund is offering clients a precious metals shield against inflation, and Michigan jeweler
With both the stock market and housing prices in record territory, it’s easy to look back at the Great Recession as little more than an unhappy memory. Easy, that is, unless you’re a member of the generation that came of age in the middle of the economic meltdown. Key Takeaways The Great Recession has had