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    Bloomberg Baidu is back with ambition in electric cars (Bloomberg) – For two decades, Baidu Inc. has largely been viewed as an online marketing company that sells ads within its web search results. Now, the internet company is ready to argue it has more to offer. Shares in China’s largest search engine firm have tripled from their lows in mid-March, when the worst of the covid-19 pandemic forced its way. sellers and brands to adjust their budgets. Since then, advertising has seen a recovery, while Baidu’s years of investments in artificial intelligence are beginning to pay off as it monetizes the technology in electric vehicles and smart speakers. The rally has emboldened the 21-year-old company to tap into the capital markets with a series of financing plans, including a possible second listing in Hong Kong. Executives who will release results on Wednesday after the market close will seek to reaffirm...
    Investment funds that combine energy and sustainability
    Investment strategies Where is the mortgage market going in Spain? Talking about 30-year mortgages is talking about a long-term investment where, apart from interest rates, the situation and expectations of each consumer play a fundamental role. Participating in the fifth gathering of Investment Strategies on the real estate market, moderated by journalist Susana Burgos, José Luis Martínez Campuzano, spokesperson and head of communication for the Spanish Banking Association (AEB); Santos González, president of the Spanish Mortgage Association, and Juan Villén, director of Idealista Mortgages.
    Suspect in custody after shooting at Minnesota health clinic Vanessa Kirby uncovers lesbian pioneer history in The World to Come How to invest in real estate - 6 ways that offer a chance to make money and build long-term wealth Investing in real estate can offer individuals both immediate income and longterm appreciation.  REITs, RELPs, and crowdfunding are indirect ways to invest in real estate, without requiring hands-on management.  More direct real estate investments include buying your own home, a rental property, or a property to fix up and flip. Visit Insider's Investing Reference library for more stories. © Busà Photography/Getty You can't invest in real estate without cash. Busà Photography/Getty Channel-surfing these days will almost certainly lead you into some iteration of real estate, from realtors' million-dollar listings to DIY-ers house-flipping.  Load Error While it can be fun to see a dramatic home...
    One cool photo from all 55 Super Bowls Things you should (and shouldnt) buy in February This Stock Could Be Like Buying Amazon In 1997 Ad The Motley Fool Incredible Blanket Puts Humans In A Deep Sleep, Melting Stress Away Ad Odyssey Blanket Refinance rates at 1.89% APR (15yr). Calculate your rate now Ad LendingTree Full screen 1/16 SLIDES © Rawpixel.com / Shutterstock.com The value of a college degree often extends beyond the lecture halls as students gain soft skills, networking opportunities and more during their time on campus. However, with student loan debt totaling over $1.5 trillion in America, it might be wise to avoid less lucrative areas of...
    CDC Survey Shows Some Vaccine Reluctance Among Americans Giulianis voter fraud witness who went viral is running for Michigan office This Stock Could Be Like Buying Amazon In 1997 Ad The Motley Fool Incredible Blanket Puts Humans In A Deep Sleep, Melting Stress Away Ad Odyssey Blanket Refinance rates at 1.89% APR (15yr). Calculate your rate now Ad LendingTree Full screen 1/26 SLIDES © Drazen_ / Getty Images The economic slowdown triggered by the COVID-19 outbreak has been swift and deep. Most economists tie the length of the recession to...
    A star can attract other stars; the Tampa Bay Buccaneers just found out and are now enjoying the fallout. Paying more than $ 28 million to a 43-year-old quarterback was not an expense, but an investment, as giving Tom Brady that much money not only brought one of the best quarterbacks in the league to Florida. NFL (let’s leave the discussion about whether or not he is the best for now), that was the first step for other stars to choose Tampa Bay where they wanted to be. On March 20, 2020, the Buccaneers announced the brand-new two-year signing of the man who gave New England 20 years of triumphs that included six rings: Tom Brady. The contract was broken down starting with two bonuses of $ 10 million to be paid in 2020 and 2021, plus $ 28,375,000 in gross earnings per season (with a base salary of $...
    The relationship between Elon Musk and Bitcoin has always been as symbiotic as it is strange, almost like a meme. However, the matter has begun to take on an important turn. So much so that it has gone from being Elon’s simple topic of conversation on Twitter to a future investment by Tesla. In this direction, Tesla has announced a multi-million dollar investment in Bitcoin as a long-term asset. He has also confirmed that he will start accept this cryptocurrency as a payment method. Investment in Bitcoin and accepted as a payment method by Tesla The idea behind Tesla’s investment in Bitcoin has to do with his diversification strategy for your assets, with the intention of obtaining long-term capital returns. In his document to the SEC, he figures the investment in $ 1.5 billion in assets on Bitcoin. But there are more interesting things. The company will start accept payments...
            by Andrew Kerr  Hunter Biden is in the process of divesting his ownership stake in the Chinese private equity firm BHR Partners, White House Press Secretary Jen Psaki confirmed Friday. The confirmation follows a report from the Daily Caller News Foundation in January that Hunter Biden continues to hold a 10% stake in the firm despite multiple promises from President Joe Biden during his campaign that no one in his family would engage in foreign business if he won the election. Both the Daily Mail and Fox News reported in late December that Hunter Biden was in the process of offloading his stake in the firm. Both outlets cited an unnamed source with knowledge of Hunter Biden’s business dealings. However, Hunter Biden continues to own 10% of BHR through his company, Skaneateles LLC, as of Friday, according to Qixinbao and Baidu, two independent services that provide business records on Chinese...
    Hunter Biden is in the process of divesting his ownership stake in the Chinese private equity firm BHR Partners, White House Press Secretary Jen Psaki confirmed Friday. The confirmation follows a report from the Daily Caller News Foundation in January that Hunter Biden continues to hold a 10% stake in the firm despite multiple promises from President Joe Biden during his campaign that no one in his family would engage in foreign business if he won the election. Both the Daily Mail and Fox News reported in late December that Hunter Biden was in the process of offloading his stake in the firm. Both outlets cited an unnamed source with knowledge of Hunter Biden’s business dealings. However, Hunter Biden continues to own 10% of BHR through his company, Skaneateles LLC, as of Friday, according to Qixinbao and Baidu, two independent services that provide business records on Chinese corporations based on China’s National...
    The Scientologist founder of a New York private equity firm and two of his associates have been charged with running a $1.8 billion Ponzi-like scheme that used money from thousands of clients to cover fake returns and pay for sports cars, private jets and a $30,000 birthday dinner. GPB Capital Holdings Chief Executive David Gentile, 54, and his business partners, Jeffry Schneider, 51, and Jeffrey Lash, 52, were all arrested on Thursday on conspiracy to commit securities fraud and other charges. They are accused of cheating more than 17,000 retail investors who were falsely promised steady returns on their investments.  Federal prosecutors say the Manhattan-based GPB told the investors that their investment returns would be funded by revenue from the firm's holdings, including a group of car dealerships, but a 'significant' portion of money was actually coming from new investors.  The trio are also accused of siphoning millions of dollars for themselves, including...
    VIDEO4:1104:11Cannabis countdown: 3 big headlines moving pot stocks this weekCNBC This year is shaping up to be a pivotal one for the cannabis industry. Cannabis stocks have been climbing since the group began to show signs of profitability late last summer, with the onset of a blue wave igniting optimism around the possibility of nationwide legalization. A statement issued this week by Senate Majority Leader Chuck Schumer and two other Democratic senators furthered the possibility of a subsequent green wave, with the lawmakers proposing a path to federal legalization. The move "gives investors some sense that more institutional money is quickly going to be coming into the sector," Tim Seymour, the founder and chief investment officer of Seymour Asset Management, told CNBCs "ETF Edge" this week. "The timeline is pushed forward." That's "great news" for cannabis companies operating in states with some level of legalization, particularly Curaleaf, Green Thumb Industries,...
    Augusta National announces initiative to create COVID-19 vaccination site Jennifer Aniston Shared the One Thing Shed Never Do in a Relationship Best & Worst Refinance Mortgage Companies of 2021 Ad Microsoft Seniors Are Getting These Unsold 2020 SUVs For Dirt Cheap Ad Microsoft Full screen 1/11 SLIDES © claffra / Getty Images/iStockphoto In a world in which stocks like GameStop can more than double overnight based on nothing more than Reddit message board threads, it can seem out of step to buy old-school stocks like oil companies or utilities. Yet, these types of “boring” stocks might actually be what you need right now. With a stock market at all-time highs and investors piling into stocks with little to support them fundamentally, solid,...
    A woman who cancelled a first date because she had a 'bad feeling' about the man who asked her out after meeting on her commute has revealed her instincts were correct when she received a string of insulting messages.  TikTok user @sadzmadz, who lives in San Francisco, took to the site to share her experience, revealing a string of messages in which the investment banker described her as a 'joke' for cancelling on him.  'You're probably really young and not good with the social skills - possibly too much screen time,' he wrote.  'You'll never marry. You need more confidence. You're a joke. So timid and weak. Hope you grow up.' He went on: 'Are you rebelling? Do you not feel desired? Cuz I desire you. But you knew that when I talked to you. Or did you not catch that I was sexually attracted to you?'  The user,...
    Related news The president of the National Securities Market Commission (CNMV), Rodrigo Buenaventura, has advanced that in the coming months it is possible that some Spanish companies are encouraged to take the step of listing for the first time, overcoming the current drought phase in IPOs. During his speech at ‘Spain Investor Day’, which marked his debut in public as president of the supervisor of the Spanish financial markets, Buenaventura assured that there is demand and interest in investing in Spain. In his opinion, the shortage of IPOs has been caused by the existence of a abundance of liquidity that has offered attractive alternatives at low costs for companies that required financing. He has also attributed this situation to “extreme” market volatility, which has caused the conditions of the so-called ‘market windows’ to be so changing that the risk of failure in a placement was exceptionally high. Likewise, it...
              Live from Music Row Thursday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. –  host Leahy welcomed Maury County Mayor Andy Ogles to the newsmakers line. At the top of the second hour, Ogles explained his recent proposal to Governor Bill Lee suggesting Tennessee discontinue doing business or any investing in support of companies that advocate for censorship. He continued to voice his concern noting that the United States is in a situation where non-governmental agencies and government tell you what you can and can’t say and when you can and cannot say it. Leahy: And our guest on the newsmaker line Maury County Mayor Andy Ogles. Welcome, Andy. Ogles: Good morning. How are you? Leahy: I’m great. Yesterday you made some news and you sent a...
    Clippers have found unique way to throw off their opponents ‘I’m a Dermatologist, and This is the Ingredient You Should Look For in Your Body Wash According to Your Skin Type’ A custodial account is a financial account that parents manage in their childs name - a tool to transfer and build wealth that can invest in almost any asset © Image Source/Getty Images Custodial accounts are easy to set up and administer. However, contributions to them are irrevocable, and parents ultimately must give control of them to children. Image Source/Getty Images A custodial account is an investment account in a minor child's name that's managed by an adult. Custodial accounts are cheaper, more manageable, and less restricted than trusts or specialized education accounts. A custodial account irrevocably passes to the child when they come of adult age. Visit Business Insider's Investing Reference library for more stories. ...
    Pablo de la Peña Sánchez Source: Courtesy The latest forecasts from Bank of Mexico, ECLAC, OECD and other international financial organizations tell us that the economy of Mexico will grow in 2021 between 3.4 and 3.8 percent. After the fall of almost 10 points in 2020, growth of more than three percent is welcome. However, I believe that there are at least three relevant conditions that we must take into account that affect the performance of the Mexican economy in 2021. The first is undoubtedly the issue of the pandemic, infections continue to rise almost uncontrollably derived from the lack of effective containment measures, not only in Mexico, but throughout the world. According to data from the Johns Hopkins University, worldwide from December 9 to January 9, the total number of infections has increased by 30 percent, we are already exceeding 90 million cases. In the United...
    Fijis Raisuqe red-carded for lifting up French referee LEGO Just Dropped a Gorgeous Botanical Collection So You Never Have to Water a Plant Again These $19k SUVs Will Make You Trade in Your Car Ad Microsoft This is a slam dunk if you want a one-card wallet in 2021 Ad Microsoft Full screen 1/11 SLIDES © Shutterstock.com In few places does the phrase “hindsight is 20/20” apply as much as in the stock markets, where it’s easy to spot companies that could have made you a fortune well after it’s too late to do anything about it. Unfortunately for investors, identifying those companies before they’ve boomed is much more difficult. Still, it’s worth remembering that there are few options better for growing...
    Capitol police officer dies from injuries suffered during riots Netanyahu court date postponed amid virus lockdown How to Spot (and Squash) Nasty Fees That Hide in Your Investments It’s a new year, and now is the time to compile and look at all your year-end investment statements. You’re likely pretty happy to see some double-digit gains thanks to the stock market (especially tech stocks) hitting record highs. The statements that come from your self-directed brokerage company or your 401(k) plan tell a story of how much money you’ve made (or lost) in your stock, bond and mutual fund investments last year.  © Provided by Kiplinger SEE MORE How to Find a Good Financial Professional – or Dump a Bad One But you may not be getting the whole story from this snapshot. Beyond the numbers you can see, what are your investment statements not telling you? Load...
    Dallas company criticized for redesigning Chinese mahjong tiles Expert shopping: disposable face masks Amazon-backed EV startup Rivian is reportedly close to landing a massive new investment that could value it at $25 billion © Rivian Rivian R1S. Rivian Rivian may soon close on a funding round worth several billion dollars that could give it a $25 billion valuation, Bloomberg reported, citing unnamed sources familiar with the matter.  The funding round counts several existing investors, which include Amazon, Ford, BlackRock, Cox Automotive, and T. Rowe Price, according to the outlet.  The company told Business Insider it speaks to investors "often" and "no announcement to make at this time." Rivian is set to start delivering its R1T pickup and R1S SUV this summer.  Visit Business Insider's homepage for more stories. Rivian, an upstart electric-vehicle maker that counts Amazon as both an investor and a customer, may soon close a...
    A daredevil financier made the most of the New York City snowstorm by skiing the streets of Manhattan. Jordan Goldstein, 28, strapped on his skis, attached a tow rope to the back of his car and clung on for dear life as he sped down Essex Street in the Lower East Side at 11.30pm on Wednesday. The credit investment analyst was joined by three friends, Charlie Wemyss, 29, Jimmy Zumot, 30, and Dariush Ruch-Kamgar, 30, on his late night joy ride through the snow-covered Big Apple. Jordan Goldstein, a 28-year-old credit investment analyst, sped down Essex Street in the Lower East Side at 11.30pm on Wednesday
    Dr Anthony Fauci insisted again on Tuesday that the COVID-19 vaccine was safe and told skeptics who say it can't be full-proof because it was developed so quickly that the fast timeline was down to 'extraordinary' science and investment, not cutting corners.  Speaking on Good Morning America on Monday, Fauci said he would recommend to President-elect Joe Biden, Vice President-elect Kamala Harris, President Donald Trump and Vice President Mike Pence that they should all get the vaccine.  He says he plans to get it himself and may even do so on television to  prove that it is safe.  On Monday, the first people in the US received the vaccine after months of waiting.  But some - including healthcare workers - are dubious of the research behind it. The Pfizer vaccine was developed in less than a year - which is considerably less time than most other vaccines. Its safety was...
    Meghan Markle is investing in a female-founded start-up that makes the world's 'first instant oat milk latte' which she gifted to Oprah for Christmas. Meghan is investing in Clevr Blends, which has a range of lattes that come in powder form. It is run by CEO Hannah Mendoza and is based in Santa Barbara, California.  It's unclear how much money Meghan is putting into the company but she's already using her famous friends to promote it.  On Monday morning, Oprah revealed on Instagram that Meghan had sent her a hamper of products from the company.  In a statement to Fortune on Monday, Meghan said: 'This investment is in support of a passionate female entrepreneur who prioritizes building community alongside her business. Meghan appearing on CNN on Monday to thank the 'quiet heroes' of the pandemic. On the same day as her rare public TV appearance, she confirmed to Fortune that she'd...
    President Donald Trump signed an executive order Nov. 12 prohibiting Americans from investing in select Chinese firms that support China’s military, intelligence and security apparatus. “What his administration has done, particularly over the past one-and-a-half years, is basically throw the kitchen sink at China on these technology issues,” Sourabh Gupta, a senior fellow at the Institute for China-America Studies, told The Daily Caller News Foundation. The executive order “opened up a new front” in the economic war between the U.S. and China, said Eswar S. Prasad, a professor of trade policy at Cornell University, according to The New York Times. President Donald Trump’s latest executive order concerning China signaled his administration wouldn’t let up pressure even as his term comes to an, according to experts. President Donald Trump signed the executive order on Nov. 12 prohibiting Americans from investing in select Chinese firms that support China’s military, intelligence...
    VIDEO1:1701:17Market will see strong finish, Ally Invest's Lindsey Bell predictsTrading Nation There may be more juice left in the fourth quarter. Ally Invest's Lindsey Bell said she believes the backdrop supports December gains. "We're positive that it will be a good end to 2020," the firm's chief investment strategist told CNBC's "Trading Nation" on Wednesday. Bell sees optimism surrounding another coronavirus aid package providing a near-term upside catalyst to stocks. She also cites resilient consumer spending as a driver. But Bell, a CNBC contributor, acknowledges the gains may be lower than the historical average. "December is usually the third-best month of the stock market. You usually see the S&P 500 up about 1.5%," she said. "That might be a little more muted this year." While constructive coronavirus aid developments should help stocks, Bell warns it will also contribute to uncertainty regarding the size and timing. "It could make investors a...
    Magic Johnson: Career retrospective Cyber Monday 101: What to know about this years deals These are the 14 value stocks that top-performing investment newsletters like the most © Getty Images MARK HULBERT Load Error Would you be interested in a stock whose value is a fraction of its peers’ that’s recommended for purchase by three of the top-performing value-focused investment newsletters I monitor? Who wouldn’t? The stock is Comerica the Dallas-based financial-services company. Its price-to-earnings (P/E) ratio is six, which is one-sixth that of the benchmark S&P 500 Index, when calculated on the basis of trailing earnings. It has a dividend yield of 5.6% versus 1.6% for the S&P 500 Not interested in a company in the financial sector? Here are other stocks that also are recommended by three top value-focused newsletters, with P/Es well below the S&P 500’s: I’m focusing on highly recommended value stocks because...
    Former Army National Guardsman charged with supporting foreign terrorist organization GOP finds silver lining in Trump’s landslide California loss Subzero yields globally are at records, but Wall Street says that’s good for U.S. corporate credit © mladen antonov/Agence France-Presse/Getty Images THE TELL Load Error Blame—or thank — central banks. The pile of global debt now trading at yields below 0% has returned to record territory at about $17 trillion, after briefly dipping to nearly $10 trillion earlier this year, according to J.P. Morgan. The culprit? The staggering $17.1 trillion collective balance sheets of four key central banks. The Federal Reserve, European Central Bank, Bank of Japan and the Bank of England’s asset portfolios have grown by $5.2 trillion over the past 12 months, mostly in a bid to offset the economic carnage caused by the COVID-19 pandemic. Central banks have greatly expanded their asset holdings this year by...
    Maradona: the life and afterlife of a global icon Fixer-uppers around America in need of TLC Negative yields globally are back to record levels and Wall Street says that’s good for U.S. corporate credit Blame — or thank — central banks. © Joel Saget/Agence France-Presse/Getty Images The pile of global debt now trading at negative yields has returned to record territory at about $17 trillion, after briefly dipping to nearly $10 trillion earlier this year, according to J.P. Morgan. Load Error The culprit? The staggering $17.1 trillion collective balance sheets of four key central banks. The combined balance sheets of the Federal Reserve, European Central Bank, Bank of Japan and the Bank of England by $5.2 trillion over the past 12 months, mostly in a bid to offset the economic carnage caused by the coronavirus pandemic. Central banks have greatly expanded their balance sheets this year by ramping...
    Simon Haydon, ex-AP international sports editor, dies at 64 The Beanie Is My Winter Essential, and Its Going to Become Yours, Too Seniors On Medicare Are Getting a Big Pay Day in 2020 Ad Microsoft Expert: “This credit card is so good I signed up personally” Ad Microsoft The 23 Hottest Gifts of 2020 Ad Microsoft Full screen 1/15 SLIDES © JamesBrey / Getty Images It’s hard to resist seemingly good deals when we see them, whether it be a bargain home in a pricey neighborhood, a tempting cable company promotion or a $10 T-shirt. But sometimes deals that seem too good to be true actually are — although the initial investment...
    Opinion: The sexist rhetoric around the election proves women still have to fight for respect A strategy for winning the post-election narrative war These are the value stocks that top-performing investment newsletters like the most © Getty Images MARK HULBERT Load Error The stock is Comerica the Dallas-based financial-services company. Its price-to-earnings (P/E) ratio is six, which is one-sixth that of the benchmark S&P 500 Index, when calculated on the basis of trailing earnings. It has a dividend yield of 5.6% versus 1.6% for the S&P 500 Not interested in a company in the financial sector? Here are other stocks that also are recommended by three top value-focused newsletters, with P/Es well below the S&P 500’s: I’m focusing on highly recommended value stocks because of this week’s renewed hope that the long-suffering value factor is finally beginning to reassert its historical dominance over growth. Over the past...
    LONDON (Reuters) - Britain will intervene to block takeovers and corporate deals that threaten national security, the government said on Wednesday, publishing details of new laws covering potentially sensitive sectors such as defence and energy. The National Security and Investment Bill will give ministers new powers to scrutinise and intervene in "malicious" foreign investment, addressing long-standing concerns that some deals could compromise security or vital infrastructure. "Hostile actors should be in no doubt – there is no back door into the UK," said business minister Alok Sharma.   "This bill will mean that we can continue to welcome job-creating investment to our shores, while shutting out those who could threaten the safety of the British people." Earlier this year, ministers blocked Chinese communications firm Huawei from parts of its communications network over concerns about spying. In 2016 Britain delayed a nuclear power project in England over concerns about Chinese state funding....
    Google's former chief executive Eric Schmidt has applied for Cypriot citizenship, which would offer him visa-free travel in the EU and the ability to travel to Europe during the pandemic, local media says. Schmidt, 65, and his wife and daughter have all applied for naturalisation in the EU member state, according to a notice published in Cypriot newspaper Alithia.  The notice appeared just days after Cyprus suspended a controversial 'golden passport' scheme in which wealthy foreigners could buy citizenship in return for a €2.2million ($2.6million) investment.  While US citizens are currently banned from Cyprus because of Covid-19, Cypriot nationals who live on the island are allowed to enter with their families, and in normal times the passport allows unrestricted travel to 26 other EU nations.  Google's former CEO Eric Schmidt, pictured, is believed to have applied for Cypriot citizenship in a move which would allow him visa-free travel in...
    I dont wish Zeta on anyone: Storm upgraded to hurricane, takes aim at Gulf Coast A New Website Tracks Broken McFlurry Machines, Because Weve All Been Heartbroken Before Do you know these lucrative Social Security secrets? Ad Microsoft Incredible Blanket Puts Humans In A Deep Sleep, Melting Stress Away Ad Microsoft Full screen 1/11 SLIDES © Sergeeva / Getty Images Have you ever heard of the “Halloween Strategy” for your investments? What about terms like “harvesting” or “rebalancing”? Notable names aside, there are all kinds of ways that you can benefit from year-end trends to fine-tune your investment portfolio. Although not all of these investing tips will apply to every investor, at least a few of them should be able to benefit...
    SIAULIAI AIR BASE, Lithuania — The roar of a Eurofighter Typhoon fighter jet taking off echoes for miles around the peaceful countryside in central Lithuania, setting off car alarms and halting conversations among soldiers, who pause to admire its powerful thrusters and smooth flight line. This westernmost Baltic nation, which shares a border with Russia and its ally Belarus, does not have its own combat jets. Instead, it relies on NATO Baltic Air Policing and German and Italian pilots to ward off Russian territorial incursions. But before NATO could use this base and so many other Soviet-era military sites across the Baltics and Eastern Europe, upgrades were required. With Lithuania already spending above 2% of its GDP on its defense, the United States directed $20 billion since 2015 as part of its European Deterrence Initiative to modernize infrastructure used in common defense and prevent a repeat of Russia’s 2014...
    Where things stand one year from rescheduled Ryder Cup 15 Latinx-Owned Beauty Brands Doing It Pa La Cultura Is That Hot Investment Worth the Risk? Recently, we talked about how many folks are riding the wave of day trading activity that’s been encouraged by a climbing stock market. © Provided by Kiplinger Day trading was trendy decades ago and popular again today, helped along by apps like Robinhood. Many people feel it’s an easy way to make money and earn a return on your investments; many others who are out of work due to the pandemic feel it’s a viable way to earn an income while unemployed. SEE MORE 10 Timeless Investing Principles But despite what news articles (or your friends and co-workers) may say about this investing style, the fact is it’s extremely unsustainable. Investing in single stock positions introduces you to a much higher level...
    Daniel Pinto, head of the corporate and investment bank at JPMorgan Chase & Co.Simon Dawson | Bloomberg | Getty Images As Wall Street prepares for more of its traders and bankers to return to offices next month, a shift underway at JPMorgan Chase may have lasting implications for the entire industry. Workers in the firm's corporate and investment bank, an industry heavyweight with 60,950 employees, will cycle between days spent at the office and at home, keeping the ability to work remotely on a part-time basis, according to Daniel Pinto, head of the massive division and co-president of the biggest U.S. bank by assets. "We are going to start implementing the model that I believe will be more or less permanent, which is this rotational model," Pinto told CNBC in a Zoom call from London, where he is based. "Depending on the type of business, you may be working one week...
    Madrid, Aug 17 . .- The director of the Center for the Coordination of Health Alerts and Emergencies (CCAES), Fernando Simón, has warned this Monday that the measures to prevent coronavirus infections in the classrooms “require investment”, both in space as in resources and in time. This has been stated bluntly in the press conference offered every Monday to give the latest details of the evolution of the pandemic in our country, in which he added that “it is clear that the Ministry of Education and the ministries are working on it and they will have to close it in the next few days. “ Simón has argued that children should be in groups of no more than “15 or 20”; in dining rooms and patios, it will be necessary to set standards of behavior and “comply” and, “if not, the risks of infection will be the same as in...
    Barcelona, ​​Aug 9 (EFE) .- The Minister of Industry, Commerce and Tourism, Reyes Maroto, assured this Sunday that “there is will and consensus” both on the part of the social agents and the Government to extend the Temporary Regulatory Files of Employment (ERTE) beyond September 30. In an interview published in El Periódico, he explained that it will be within the framework of social dialogue where a date is set for this extension. The minister has assured that tourism “is recovering slowly”, but has said that, although they are controlling the outbreaks, they reduce consumer confidence. He has also recognized that “it is going to be a bad year” after the first issuing country, the United Kingdom, has imposed a quarantine on travelers coming from Spain or the recommendations of several countries not to travel to ours. According to Maroto, tourism is going to be one of the sectors that...
    Democratic U.S. presidential candidate and former U.S. Vice President Joe Biden visits a site of the protest over the death of George Floyd in Minneapolis police custody, in Wilmington, Delaware, in this social media image courtesy of Joe Biden's presidential campaign, May 31, 2020.Joe Biden for President | via REUTERS WASHINGTON – Former Vice President Joe Biden will unveil a far-reaching plan Tuesday aimed at narrowing the generational wealth gap that persists between White Americans and their Black, Latino, Asian and Native American neighbors. The economic equity plan is the fourth plank in the presumptive Democratic presidential nominee's "Build Back Better" economic platform, and Biden is scheduled to announce it an event in Delaware on Tuesday afternoon.  Here are some of the key points:  Create a new Small Business Opportunity Fund and seed it with $30 billion of Biden's proposed $300 billion domestic innovation funding. Expand the New Markets Tax...
    When you buy through our links, we may earn money from our affiliate partners. Learn more. Alyssa Powell/Business Insider Investment pieces are the timeless, versatile, high-quality staples in your closet that you can buy once and own for many years. While they cost more upfront, their price-per-wear is lower than cheaper, inferior products we often buy because they sound good in the short-term. Beyond being a more sustainable way to shop, filling your closet with the right investment pieces can save you money over time. Below, you'll find 16 investment pieces we suggest and why we think they're worth a higher price tag — plus recommendations from our own personal closets.  Read more: 19 places we shop for women's workwear — and the best styles to buy In my early twenties, I stopped buying fast fashion. The main reason was that I'd grown concerned about its...
    Entrepreneur and investor Eddie C. Brown is no stranger to adversity.  In an op-ed written for The Washington Post titled "I'm a black CEO. I've been discounted on Wall Street because of my skin color.," Brown detailed his rise through the Jim Crow South to the top of the finance world, all while being "doubted, discounted and judged reflexively" because of the color of his skin. Brown discussed the rampant inequities that exist in corporate America, and his reservations amid loud pledges to change from many of the country's top companies during a mass movement against racism.  Speaking on CBSN on Friday, Brown said "equity" is the "rocket fuel" that can propel Black households toward closing the racial wealth gap.  Get Breaking News Delivered to Your Inbox "That is sorely lacking in big percentages in corporate America," he said. "At Brown Capital, we made sure all our employees have...
    San Francisco (CNN Business)Oatly, the popular Swedish oat milk brand, has received $200 million from a Blackstone-led, star-studded investment group that included Oprah Winfrey, Natalie Portman, Jay-Z's entertainment agency, and former Starbucks CEO Howard Schultz.The equity investment represents a 10% share of the company, Sara Fletcher, an Oatly spokesperson, told CNN Business on Tuesday. The money will go toward expanding production and distribution capabilities in Europe, the United States and Asia.The investment puts Oatly's valuation at $2 billion, according to The Wall Street Journal, which first reported the news. The financial infusion could set the stage for Oatly to go public in the next 12 to 18 months or to be acquired, the Journal reported. Fletcher said reports of a future acquisition or IPO are "just rumors right now. We're keeping all options open."Sales of oat milk and plant-based dairy alternatives have soared in recent years and accelerated during the...
    Many financial advisers in the U.S. sincerely want to recruit a diverse workforce, combat racism and promote reforms that spur justice and equality. Yet such ideals can be tough to put into practice. Creating a pipeline of promising employees requires a firm’s ongoing outreach to attract stars and professional development opportunities to retain them. The demand for people of color in the financial advice business far outweighs the number of candidates. Fewer than 4% of certified financial planners are Black or Latino, according to the CFP Board and the National Association of Personal Financial Advisors. Overall, less than 6% of personal financial advisers in the U.S. are Black and only about 1.2% are non-white Hispanic, according to Data USA. “There aren’t many of us,” said Keith Beverly, a certified financial planner in Washington, D.C. Founder of financial advisory firm Grid 202 Partners, he knows of only 14 other Black...
    A white financier who called the police on a black man in Central Park and accused him of threatening her has been charged with filing a false police report.  Amy Cooper was asked in Central Park by birdwatcher Christian Cooper to put her dog on a leash, as park guidelines dictate. In a Facebook post, he claimed the dog was 'tearing through the plantings' in the Ramble area of the park, and told her she should go to another part of the park.  When she refused, he pulled out dog treats, causing her to scream at him to not come near her dog.  Amy then called the police on Christian. Amy Cooper called the police on Memorial Day after Christian Cooper asked her to put her dog on a leash, as per the Central Park rules. Amy accused Christian of threatening her life RELATED ARTICLES Previous 1 Next...
    Carlos Urzúa said that what Mexico perceives in tax collection is “too little money for the magnitude of the problems” they face Carlos Urzúa, former Secretary of the Treasury and Public Credit, stated that the COVID-19 pandemic sank the Economy of mexico; however, “the problem already he saw himself coming since before”. Understand what is happening in Mexico, at least in economic termsIt is not difficult because it has been very well diagnosed for a long time. Which is the main problem, be it the federal or state governments, what are you facing? Essentially you have no money“Said the former federal official in an interview with the Spanish newspaper El País. Urzúa Macías commented that while the vast majority of countries in Latin America have at least a 20 percent tax collection on gross domestic product, in Mexico said income is only 14 percent, “unless you have very large...
    In the photo, the United States Ambassador to Mexico, Christopher Landau. Photo by @USAmbMex The US ambassador to Mexico, Christopher Landau, reiterated that our country is “attractive for foreign investment” The United States Ambassador to Mexico, Christopher Landau, Clarified that our country is “attractive to the foreign investment“After expressing his rejection of the misrepresentation of the statements he made last Thursday to the Confederation of Industrial Chambers of the United Mexican States (Concamin). I said that I had come to such a conclusion. And in context, it is totally obvious that this is not the case. On the contrary, I said that “this is a GOLDEN MOMENT for Mexico to attract foreign investment”, and that “as a friend of Mexico I don’t want to see a confrontation … – Ambassador Christopher Landau (@USAmbMex) June 30, 2020 Through his Twitter account, the diplomat clarified that in that talk he commented...
    Expect investors to fixate more on pandemic-related data than economic reports in coming weeks — and the emerging picture is not looking good, JPMorgan Chases's chief global strategist, David Kelly, cautioned clients Monday. "Evidence is mounting that a second wave is indeed upon us, even before the first one has ebbed," Kelly wrote of the increasing spread of the coronavirus in the U.S. Data dispels the notion that rising COVID-19 infections in the U.S. are largely due to increased testing, the economist said. He cited numbers showing confirmed infections jumped by 70% from early-to-late June, while testing rose just 21% during the same period. Get Breaking News Delivered to Your Inbox The latest surge in COVID-19 infection rates illustrates the nation's inability to get a handle on the spread of the coronavirus, a failure that will continue to play havoc with people's lives and livelihoods, Kelly warned.  He faulted...
    L.A. Lakers star LeBron James has launched a new media empire with $100 million in investor backing, that is “designed to move the culture.” James and long-time business partner Maverick Carter quietly launched SpringHill Co. in March, but more details about the effort are now being reported. Bloomberg, for instance, noted the $100 million in funding last week. James told Bloomberg that SpringHill will be unapologetically political in its aims and will be “a maker and distributor of all kinds of content that will give a voice to creators and consumers who’ve been pandered to, ignored, or underserved.” “When we talk about storytelling, we want to be able to hit home, to hit a lot of homes where they feel like they can be a part of that story. And they feel like, Oh, you know what? I can relate to that. It’s very organic to our upbringing,” James added....
    SAN FRANCISCO (CBS SF) – A 36-year-old San Francisco man has been charged with 19 felony counts of wire fraud and other crimes, accused in connection with several alleged investment schemes from 2013 to 2016, according to a joint statement from the FBI, the U.S. Attorney’s Office and the Internal Revenue Service on Friday. According to the complaint, Michael Brent Rothenberg is alleged to have raised millions of dollars to invest in Silicon Valley start-up companies, but allegedly took much higher fees than those to which he formally agreed. Federal officials said Rothenberg also committed bank fraud with alleged schemes to obtain money to make up for shortfalls in one of the funds he managed. Federal officials allege that, since 2013, Rothenberg fraudulently obtained at least $18.8 million through illegal conduct. Rothenberg made his initial appearance in U.S. District Court Friday. Rothenberg founded a venture capital company, Rothenberg Ventures Management...
    In the wake of widespread outrage and protests about racial injustice, many people are looking at their stock portfolio and wondering: what can I do to support racial justice with my dollars? If you are an investor of any type — whether you have a 401(k), IRA, or trading account — there are a few things you could do to promote racial equity. ESG investing: the basics You may have heard of ESG investing, which stands for “environmental, social and governance.” It is also often called sustainable, socially responsible or simply “values” investing. It’s an investment strategy that selects stocks and bonds based not only on traditional financial criteria, but also based on the impact of different companies on society and the environment. Proponents of ESG investing point to a growing body of evidence that suggests sustainable investing may actually improve a portfolio’s performance, while also serving the...
    NBA star Lebron James and one of his childhood friends launched a media company earlier this year “designed to move the culture.” James and his business partner, Maverick Carter, launched SpringHill Co. on March 11, the same day that the NBA suspended its season because of the pandemic. The company launches with an initial $100 million in funding, Bloomberg reported on Thursday. James will continue his career in professional basketball and work on company projects such as staring in “Space Jam: A New Legacy,” a movie set for release next year. The basketball star will also use his image to promote and guide the company, while Carter will be directly involved with the company’s operations. “This is ultimately a company that’s about point of view, the community you serve, and empowerment,” said Las Angeles investment banker Paul Wachter, who aided James and Carter. “This is a company designed to move...
    Monterrey, Mexico (Alejandra Mendoza) – The Employers’ Confederation of the Mexican Republic (Coparmex) Nuevo León considered that it is worrying that the federal government does not give certainty to foreign investment. Iván Rivas Rodríguez, general director of the Coparmex, affirmed that the risk that the Country runs, by not allowing foreign investment to arrive, is that it will take longer to recover employment. This was pointed out after the Association of American Fuel and Petrochemical Manufacturers asked President Donald Trump for support in the face of Mexico’s restrictions on foreign investment. “Mexico in the last three months has lost more than 1 million jobs, and these are jobs that have been created in the last 2 years,” he said. It will take recovery of employment in Mexico, they warn. | Photo: Reforma “If we want to return to the levels before the pandemic, what we need is...
    The initiative is unique in the Mexican commercial real estate market. With it, clients will be backed by a team of specialists to actively manage efficiently and flexibly, supported by tailored global technology. It is also designed to adapt to the specific needs of customers. The services it offers are focused on financial institutions, investors, funds, developers or property owners, as well as administrative or guarantee agents dedicated to granting or receiving real estate financing, whether public or private. “Our clients will now be able to have experts to support them in the administration and oversight required for managing a financing or investment transaction, helping them maximize revenue while minimizing investment risk and reducing overhead,” added Daniels. In this way, CBRE Mexico’s Loan Services becomes the first local independent provider specialized in providing investment management, financing and real estate guarantees services. In addition, it carries out the supervision that the...
    The Bank of Spain announced yesterday that the Spanish economy could fall close to 20% in the second quarter, the biggest drop in the historical series after the stoppage of much of the activity in April, which has sunk business investment, consumption and employment measured in hours worked. The decrease in employment measured in terms of hours worked would have been approximately 20%, in line with that of GDP. The forecasts of the Bank of Spain maintain the range already advanced on June 8, which established a drop of 16% for an early recovery scenario and 21.8% for a gradual recovery scenario. In both scenarios, the collapse is explained by the negative contribution of national demand (consumption and investment), which would reach 13.8 points in the first and 18.8 points in the second. Household spending has been severely affected by confinement, which has also pushed confidence indicators to...
    President TrumpDonald John TrumpTrump rally sparks self quarantine of dozens of Secret Service agents GOP: Trump needs a new plan Trump faces ObamaCare court deadline as political ground shifts MORE traveled to the battleground state of Wisconsin on Thursday, touring a shipyard in Marinette and highlighting his efforts to bring back manufacturing jobs and to invest in the U.S. military. Trump toured the Fincantieri Marinette Marine on Thursday afternoon and viewed a model of a Navy ship being built there. He used his remarks, delivered outdoors, to highlight a federal contract worth up to $5.5 billion that was awarded to the shipyard to build the U.S. Navy Frigate FFG(X). “Under this administration, you know that American workers like you are a national treasure,” Trump said during his roughly 30-minute remarks. Trump said that the contract would yield 9,000 additional jobs in Wisconsin through the supply chain, noting that the employees...
    Ambassador Christopher Landau assured that with the T-MEC there is an opportunity to promote economic growth The United States Ambassador to Mexico,Christopher Landau, assured that with the T-MEC there is a opportunity to encourage economic growth. Landau assured that investors they seek certainty so the worst thing for them is the change of rules. With the entry into force of the TMEC, we have a golden opportunity to attract investment and supply chains to the three countries in North America. Hopefully we will take advantage of this opportunity to promote economic growth and prosperity in our region.
    Ambassador Christopher Landau indicated that this is not the right time to invest in Mexico, as there are devastating things for foreign investment The United States Ambassador to Mexico, Christopher Landau asserted that It’s not a good time for invest in Mexico due to the changes that the federal government has implemented for national and foreign investments. Landau indicated that the recent trade disputes of United States with China could give Mexico great opportunities in terms of foreign investment, but he pointed out that there are still problems for preserve existing investments. “Nor can I lie to you, nor can I tell you that it is an opportune time to invest in Mexico if you see very discouraging things for foreign investment,” he said. “In various sectors we have seen worrying things and, as I always say, Mexico is a sovereign country, as we are, and any country has...
    June 25 in sports history: Fundamentally speaking, he was great African American history you werent taught in school Are Index Funds Still a Good Investment in 2020? Index funds are the epitome of passive investing. © Getty Images Rather than trying to beat the market by selecting individual stocks, these funds own all stocks constituting the index, matching the performance of the underlying benchmark. There are plenty of advantages to this way of investing – lower fees, less reliance on the competence of a fund manager (many of whom fail to beat the market) and market-wide diversification make index funds one of the safest ways to invest your money. Load Error The greatest advantage index funds have offered over the last few years is their ability to capture the returns of the longest bull run in stock market history. Over the last 10 years, the SPDR...
    The Spanish company Iberdrola canceled an investment project for 1,200 million dollars in Tuxpan, Veracruz, after a disagreement with CFE The Spanish company Iberdrola canceled a project investment in Mexico for the construction of a power plant in Tuxpan, Veracruz. Spain Iberdrola S.A. It planned to build a combined cycle plant with an investment of 1.2 billion dollars, but due to differences with the Federal electricity commission canceled the project. According to the mayor of Tuxpan, Juan Antonio Aguilar, the Spanish company negotiated for nine months the supply of natural gas with the CFE, but did not reach an agreement. After the news was revealed, the Governor of Veracruz reported on social networks that he contacted the Secretary of Energy, Rocío Nahle, who confirmed that the project of the power station in Tuxpan will continue but now in charge of CFE. It will be the state company that will...
    CEO of Softbank Group Masayoshi Son attending a news conference in Tokyo on February 8, 2017.Alessandro Di Ciommo | NurPhoto | Getty Images SoftBank has come under renewed scrutiny about its investment strategy — but this time it's about one of the Japanese tech conglomerate's lesser-known bets. Last year, the company made a 900 million euros ($1 billion) investment in Wirecard, as part of a broader tie-up between the two on digital payments. But that deal has raised eyebrows now due to a deepening accounting crisis at the German payments processor. SoftBank has come under renewed scrutiny about its investment strategy — and this time it concerns one of the Japanese tech conglomerate's lesser-known bets. Last year, the company made a 900 million euro ($1 billion) investment in Wirecard, as part of a broader tie-up between the two on digital payments. But that deal has raised eyebrows now due to a deepening...
    Invest to emerge stronger from the crisis. That is the slogan of the president of Mercadona, Juan Roig, who is going to pay 1,700 million euros this year to transform Mercadona and others 220 million million to build the Arena Arena of Valencia Basket. Apart from these investments, Roig has also shown his commitment to entrepreneurs through Valencia Business Marina. “We are going to continue investing 1.7 billion this year in Spain in the brutal transformation of the company that we were developing before the arrival of the covid-19,” said the businessman recently at the business summit organized by the CEOE. Roig was also proud to be an entrepreneur and asked to start, among all, the necessary economic activation of the country. “I am convinced that it is a pride to be an entrepreneur and to contribute to the development of business and economic initiative, promoting a strong and committed...
    Portugal is still in vogue among real estate investors, despite the coronavirus. Olimpo Real Estate Portugal, (ORES Portugal), the Real Estate Investment and Management Company (SIGI) launched by Bankinter and Sonae Sierra in late 2019 It starts trading on the Portuguese stock exchange this Wednesday. It will do it in the stock market Euronext Access Lisbon, one of the alternative trading platforms operated by Euronext. ORES Portugal will be the first SIGI to be listed on the Portuguese market since the Portuguese Government created a specific legal regime for investment companies in 2019. ORES will be listed with a reference price of € 4 per share and a market capitalization of 50.2 million euros. Currently, 12% of the capital of the SIGI -the Portuguese equivalent of a Spanish socimi- belongs to Bankinter, 5.14% falls on the Portuguese group Sonae Sierra, and the remaining 82.86% is distributed among small shareholders. The...
            by Benjamin Nichols  A Seattle-based investment firm announced Monday that it will leave the city because of civil unrest and move south, taking billions with it. Smead Capital Management President and CEO Cole Smead, told KSTAR NEWS, that “the unrest that has taken place in the city of Seattle… there really is not a downtown community today.” Office buildings in the downtown are emptying out, according to Smead. “We’re hearing rumors of 40-story buildings that will be only 20-percent occupied by October,” he said. Seattle’s Capitol Hill Occupied Protest, formerly called the Capital Hill Autonomous Zone or CHAZ, spans several blocks and has caused a disturbance to downtown life. Multiple shootings, rapes, robberies and a death have been reported within CHOP, according to Seattle police chief, and law enforcement had not been able to respond. A signs reads “Capitol Hill Occupied Protest” in area that has been referred to by protesters...
    An investment management firm which oversees $1.5 billion in assets will leave Seattle and relocate to Phoenix due to the ongoing protests in the Pacific Northwest city, its CEO said. The announcement by Smead Capital Management CEO Cole Smead to Glendale, Arizona, FM radio station KTAR on Monday comes two weeks after protestors demonstrating against the death of a Black man in police custody in Minneapolis established the “Capital Hill Autonomous Zone,” or CHAZ, in a six-block downtown area of Seattle. Police abandoned a precinct within the zone and three people have been shot within the past three days, including a 19-year-old who died. “The unrest that has taken place in the city of Seattle … there is really is not a downtown business community today,” said Smead, who hopes to complete the move by July 1. Smead said his company is struggling to recruit new employees, and, while Seattle...
    An investment firm that manages more than $1.5 billion in assets announced that it would be leaving Seattle because of the continued protests near its office downtown. Cole Smead, the president and CEO of Smead Capital Management, told KTAR on Monday that the company would be relocating to Phoenix because of the "unrest" caused by protesters in the downtown area. Smead said the company was planning to carry out the move by July 1, with employees taking extra precautions to move during the coronavirus pandemic. "The unrest that has taken place in the city of Seattle, there is really is not a downtown business community today," he said. Smead explained that the company has struggled to recruit employees to the Seattle area because of the high cost of living and the continued protests that take place throughout the city. He said that the city of Phoenix will...
    A billion-dollar investment advisory company, fed-up with the instability of the city of Seattle, has decided to leave Seattle and move to Phoenix, Arizona. Cole Smead, the president and CEO of Smead Capital Management, which manages roughly $1.58 billion, told KTAR News 92.3 FM, “The unrest that has taken place in the city of Seattle … there is really is not a downtown business community today.” Smead continued, “We’re hearing rumors of 40-story buildings that will be only 20-percent occupied by October … My biggest concern for Seattle was what the business community is going to come back to, and what kind of businesses are going to come back for customers.” Smead asserted, “My colleagues can pick the socio-economic rung of life that they want … live their lives, build their households and have a family if they’d like. Where we’re coming from just wasn’t like that.” “We are playing...
    The suspension of dividends due to the coronavirus pandemic has impacted all Eurozone banksMany of whom based a good part of their strategy on continually increasing shareholder remuneration as a way to stop the fall in their share prices. He European central bank It has warned that it is not prudent to distribute dividends currently in a high-tension environment for banks, and that at least until January 1, 2021 it should not be done. However, it is still in the air which of the banks will be able to repay their owners in 2020. In recent days, several investment banks of the most important in the world have established their forecasts for European and Spanish banking. Crédit Suisse He assured Caixabank “as the best positioned to restart dividends, especially in 2020, which would be paid in 2021.” However, Santander and BBVA would return according to the Swiss investment bank already...
    The insolvency administrators of Sniace have informed the committee that thirteen companies or investment groupsThree nationals and the rest from abroad have shown interest in participating in the liquidation process of the company, although only two or three are expected to present concrete offers. For his part, the secretary of the committee, Francisco Plaza, He explained that it will be in late August or early September when possible offers to get Sniace are known, once the administrators conclude the liquidation plan and the company’s debts are known. The administrators have also informed the committee that, “if everything goes well” and in the end some “serious” purchase offer materializes, the operation could not be signed until the end of December of this year, which, at best cases it would delay mid 2021 the reopening of the Torrelavega facilities in Cantabria. Productive unit In addition, when the offers are presented, it...
    The California Public Employees Retirement System, the nation’s largest pension trust, benefited greatly from the runup in stocks and other investments during the last few years, topping $400 billion early this year. CalPERS needed it because it was still reeling from a $100 billion decline in its investment portfolio during the previous decade’s Great Recession and was tapping state and local governments for ever-increasing, mandatory “contributions” to keep pensions flowing and reduce its immense “unfunded liability.” But it faced a backlash from local officials who said vital services were being cut to make their CalPERS payments. Just when CalPERS appeared to be climbing out of its hole, the COVID-19 pandemic erupted early this year, sending the economy into a tailspin. Virtually overnight, the fund saw its value take a $69 billion hit as the stock market — CalPERS’ biggest investment sector — tanked. Stocks have since recovered, but CalPERS is still down...
    New York — The investment platform undertook to make changes to its structure During the pandemic, more than 3 million young people joined the Robinhood investment platform. Photo:Marc Piscotty / . Alexander Kearns, a student at the University of Nebraska, was killed by a train on June 12. A note that he left to his parents explained everything, he preferred to die before the collapse of his financial balance. The note read: How is it possible for a 20-year-old with no income to be assigned almost a million dollars of leverage? A painful lesson, fuck Robinhood. Forbes reported that what moved the young man to kill himself was the notification of having a negative balance of $ 730,000 dollars in his account of the investment platform Robinhood. Related: Why are millennials saving more money than other generations? According to the publication, Kearns had been selling...
    VIDEO2:4402:44Leon Cooperman: Robinhood traders speculation will 'end in tears'Halftime Report Some investors see recent volatility as a way to get rich quick. Trying to outsmart the market can end very badly. Last week, 20-year-old trader Alexander Kearns using the Robinhood platform committed suicide after a series of risky options trades left him deep in the red. In the note to his family, he said he had "no clue" what he was doing.  "Financial access without knowledge can destroy lives and, as seen here in its most extreme form, can tragically end them," said Douglas Boneparth, a certified financial planner and president of Bone Fide Wealth. Still, the number of young investors trying their hand at trading through Robinhood — and other major on line brokers — has spiked during the Covid-19 market sell-off and rebound. A spokesperson for Robinhood said they "are deeply saddened to hear this terrible news and we reached out to share...
    An artificial breast milk start-up that offers a green alternative to baby formula has received $3.5 (£2.8) million from an investment fund co-founded by Bill Gates. It has been estimated that around 10 per cent of the global dairy industry — a major producer of greenhouse gases — is used to manufacture baby formula. However, US firm BIOMILQ is working to artificially produce human breast milk from cultured human mammary epithelial cells on a commercially viable scale. The $1 billion (£800 million) fund, Breakthrough Energy Ventures, was established to help prevent the worst effects of climate change arising from carbon emissions. Alongside Mr Gates, the group's other members include Amazon CEO Jeff Besos, Virgin group founder Sir Richard Branson and Facebook chief Mark Zuckerberg. An artificial breast milk start-up that offers a green alternative to baby formula has received $3.5 (£2.8) million from an investment fund co-founded by Bill Gates (stock image) THE ENVIRONMENTAL IMPACT...
    This article is reprinted by permission from NerdWallet. Target-date investments are supposed to be an easier way to invest, and they’re a popular choice in 401(k) plans. But the recent market downturn showed that some target-date strategies suffered much bigger losses than others, especially for investors nearing retirement. Target-date investments did protect near-retirees from the full force of the selloff. While U.S. stocks overall lost 33% in the 30-day period ending March 20, the average target-date fund for people retiring in 2020 dropped 17%, says Leo Acheson, director of multi-asset ratings at Morningstar. But losses among some popular funds ranged from 13% to 23%, reflecting dramatic differences in how the investments are constructed. “Some of these 2020 funds, you might look at them and think they’re probably pretty similar to one another,” Acheson says. “But when you look beneath the hood, you find out that actually some 2020 funds are taking...
    The coronavirus crisis has significantly derailed financial markets lately, and the preferred security sector is no exception. The good news? This asset class has a good track record of rebounding strongly following past periods of distress. Furthermore, banks are the largest group within this sector, and we think they are poised to weather the storm. U.S. banks are different today Banks constitute over half of the preferred securities universe, so their stability is critical to the sector’s outlook. While some current market conditions remind us of the 2008 financial crisis, banks have since improved their ability to weather financial storms by: • Maintaining higher liquidity levels. As of March 2020, reserve balances with the Federal Reserve totaled $1.7 trillion, and banks had excess reserves of $1.5 trillion. At the start of 2007, reserve balances of were just $12 billion, with $9 billion of excess reserves. • Owning more securities...
    Trying to decide whether to hire a financial advisor is a difficult decision, and unfortunately there’s no one-sized-fits-all solution. First, it’s important to know that investment advisors can take away from your future wealth. This is because they usually charge a fee that amounts to roughly one percent of your assets every year. It may not sound like a lot, but every percentage point you lose is money you won’t have for retirement. If you have some basic investment knowledge — which might entail buying pieces of the market in mutual or exchange-traded funds, like the S&P 500 — you may not necessarily need an investment advisor. If you have a 401k, and you choose funds that are targeted toward your retirement date, or if you have a handful of funds that represent the US stock market and a portion of international markets, you may be fine. Investment advisors are...
    The top Republican on the House Judiciary Committee is asking the Government Accountability Office to review whether members of the Chinese Communist Party have exploited a program that allows foreigners to obtain green cards by investing in businesses in the United States. Reps. Jim Jordan and Guy Reschenthaler sent a letter Monday to Gene Dodaro, the comptroller general of the Government Accountability Office, inquiring whether the Chinese Communist Party (CCP) and its members have used the EB-5 program to gain a foothold in the United States. “It has become clear in recent years that the CCP may be abusing the program to gain access to U.S. permanent residency for their members,” the Republicans wrote. The EB-5 program, which Congress enacted in 1990, grants permanent visas to foreigners who invest at least $500,000 in U.S.-based businesses or real estate development projects. Both Republicans and Democrats have criticized EB-5 over the years,...
    FINANCIAL SERVICES North Sky Capital, a Minneapolis-based investment firm, announced that Patrick Kay and Ryan Fraser have joined the firm. Kay is a principal in the Boston office; Fraser is a vice president in the Minneapolis office. … Piper Sandler Cos., a Minneapolis-based investment bank and institutional securities firm, announced the addition of Mikki Mathews to its public finance investment banking team, specializing in municipal financings. … Thrivent, a Minneapolis-based diversified financial services organization, announced that Mary Jane Fortin will join the organization as senior vice president and chief commercial officer. HEALTH CARE Prime Therapeutics, an Eagan-based pharmacy benefit manager, has named Kyle Skiermont as senior vice president, specialty pharmacy and home delivery services. LAW Three attorneys in the Minneapolis office of Ballard Spahr have been recognized by Chambers USA in its 2020 rankings: James R. Walston, Real Estate; Laura L. Krenz, Real Estate, and Robert E. Tunheim, Corporate/M&A.Related...
    A top Tesla investor is betting that the next big thing is flying taxis. Ballie Gifford, a firm whose past investments include SpaceX and Amazon in addition to Elon Musk’s electric automaker, this week put $35 million into German aviation company Lilium, which is developing an aircraft it says will make intra-city travel as easy as hailing an Uber to go downtown. With Ballie Gifford’s investment, Lilium has raised more than $375 million, and is valued at over $1 billion. The Munich-based company hopes to be live in “multiple cities” around the world by 2025, chief commercial officer Remo Gerber told The Post. It’s angling to break into the Big Apple eventually, although no timeline has been set, he said. Lilium’s aircraft can take off and land vertically, making it as versatile as a helicopter but quieter and cheaper to operate thanks to its electric engines. The company claims that its...
    Monday, Congressman Mo Brooks (R-Huntsville) expressed his satisfaction with the news that Interstate 565 had begun a much-anticipated widening project. “Work is set to begin Monday on widening I-565 from 4 to 6 lanes between Madison and I-65! This milestone has been a long time coming,” Brooks said. “I am thankful to Governor Ivey for working with me over the last several years to make this a priority for the state. Widening I-565 is an investment in the Tennessee Valley’s future that will help meet the demands of residents, business owners, and those looking to invest in North Alabama.” Economic developer Dr. Nicole Jones told the Alabama Political Reporter, “Madison, Limestone, and Morgan counties have experienced exponential growth in recent years, the largest economic boom since the first space race, with more to come as a result of recent project announcements. An interstate with a smooth traffic flow is essential...
    Target date investments are supposed to be an easier way to invest, and they’re a popular choice in 401(k) plans. But the recent market downturn showed that some target date strategies suffered much bigger losses than others, especially for investors nearing retirement. Target date investments did protect near-retirees from the full force of the sell-off. While U.S. stocks overall lost 33% in the 30-day period ending March 20, the average target date fund for people retiring in 2020 dropped 17%, says Leo Acheson, director of multi-asset ratings at Morningstar. But losses among some popular funds ranged from 13% to 23%, reflecting dramatic differences in how the investments are constructed. “Some of these 2020 funds, you might look at them and think they’re probably pretty similar to one another,” Acheson says. “But when you look beneath the hood, you find out that actually some 2020 funds are taking...
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