Month: June 2020

The sharp rally we have seen across markets since the end of March is presenting a challenge to income investors. Yields across sectors are well below their highs during the March drawdown and CEF discounts have tightened making obvious bargains much more difficult to find. Add to this the fact that a number of states
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Fidelity Management & Research is one of the largest, most recognizable mutual fund and brokerage providers in the United States. Edward Johnson founded the company in Boston in 1946, and today it is led by his granddaughter, chairman and chief executive officer Abigail Johnson. Fidelity services 32 million investors and 75 million customer accounts. A
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Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania. Mark Makela | Reuters Check out the companies making headlines after the bell. Micron Technology — The technology company’s stock jumped as much as 6% in extended trading
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Marriage makes financial sense. If you have a significant other who believes that getting married is more of a financial liability than a benefit, that mindset is more common than you’d think. Many people, largely confused by the long-held belief that married couples pay more in taxes than those who are single—the marriage penalty—have held
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EY has told its partners how to prepare for difficult conversations with clients about its audits of Wirecard, the German payments company that has filed for insolvency after admitting that €1.9bn of cash probably never existed. In an internal note to senior partners on Friday, EY advised them to tell clients that the “objective” of
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Known to millions as the Queen of Domestic Arts, Martha Stewart is a successful entrepreneur who built a media empire from scratch out of the old adage “there is no place like home.” During her pinnacle moments as a prominent media mogul, she found her name among the world’s wealthiest and powerful business leaders on the Forbes
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London is big, brash and frequently annoying, but ultimately diverse in its energy and cosmopolitan … [+] way of life that keeps drawing people to this nation’s capital. Getty The past months under lockdown have led a unique and exploratory experiment in what it means to work from home, or to otherwise spend more time
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A passenger walks through Reagan National airport as the novel coronavirus (COVID-19) pandemic continues to keep airline travel at minimal levels and the U.S. economy contracts in the first quarter at its sharpest pace since the Great Recession, in Washington, April 29, 2020. Kevin Lamarque | Reuters Direction requests Data from navigation tool Apple maps
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The fine art market continues to boom. It seems that every day, another auction record is set for “the highest price ever paid [fill in artist’s name here].” So what does that mean for the painting you bought to match your sofa a few years back? It may increase in worth, or it may be
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The number of new daily coronavirus cases hit records in several US states on Saturday, as officials started closing venues they had recently reopened and workers demanded new safety protections. Florida’s cases increased by 9,636 to 132,545, the state’s health department said Saturday. The state, the third-largest in the US, reported 8,942 new cases on
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Getty Images Banks have pulled back from a popular credit card promotion on concerns that borrowers struggling during the coronavirus crisis may leave them with defaulting loans. Balance transfer offers, which typically entice borrowers to move their debt to a new lender in exchange for a temporary 0% interest rate, have been sharply reduced at banks
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Palm Springs’ luxury market is seeing increased activity Getty Here’s the luxury housing market update from realtor.com.  The latest numbers tell a positive story according to Javier Vivas, realtor.com’s director of research. “I was surprised when I saw the data telling us luxury buyers are back in full force.”  As stock market volatility continues Vivas,
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“There is an adage in politics,” says Heidi Heitkamp, a former Democratic senator from North Dakota. “When your opponent is shooting himself in the foot, don’t take his gun away.” As the presidential election campaign begins in earnest, Donald Trump should have an inbuilt advantage. Social distancing rules mean that his Democratic rival Joe Biden
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Philippine regulators said they are investigating the local partner businesses of Wirecard in a probe that may finally map out the full extent of the south-east Asian country’s exposure to one of Europe’s worst accounting scandals. The investigation by the country’s National Bureau of Investigation and Anti-Money Laundering Council comes after the dramatic collapse of
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The LKS Foundation is an Italian non-profit foundation that aims to promote initiatives that use the principle of sharing information through blockchain technology and spread the culture of fintech to innovate in sectors such as crowdfunding, ICO, and decentralized finance technologies. The Foundation’s President, Federico Olivo, is chairman and co-founder at Vistra SRL, a company
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