Richard Newstead | Moment | Getty Images Drones have arrived on Wall Street. Goldman Sachs, the world’s top mergers advisor, is among investment banks using drone technology to give its clients a bird’s-eye view of the companies they are bidding on, according to Stephan Feldgoise, the firm’s global co-head of mergers and acquisitions. After Covid-19
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This year has been a challenging one, as financial advisors and their clients have had to navigate unprecedented issues. As we near the Thanksgiving holiday, we asked several of our top advisors to share what has been most meaningful for them this year and how it has shaped their professional outlook. “I’m incredibly grateful for
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This is a crucial moment for the Invesco S&P 500 High Beta ETF (SPHB). The fund has been on an impressive winning streak. For the month of November alone, fueled by the end of the election cycle and back-to-back positive news on the rollout of a coronavirus vaccine, SPHB has been up an impressive 27%
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If it seems like free checking accounts are becoming a thing of the past, you’re not totally wrong. A number of large banks have either given them up altogether or started charging a fee if your account balance doesn’t exceed a minimum level. Bank of America was the latest domino to fall. In January, it
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Black Friday is the name given to the first day after Thanksgiving. It is one of the most important retail and spending events in the United States. Every holiday season prognosticators make predictions about the level of sales on Black Friday, and investor confidence may be affected by whether or not those expectations are met or
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Now that it’s been given a new lease on life after the passage of Proposition 14, a statewide $5.5 billion ballot measure, California’s bond-funded stem cell research agency will re-write its budget. The California Institute for Regenerative Medicine was created in 2004 when voters approve Proposition 71, allocating $3 billion in general obligation bond proceeds
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The utilities sector encompasses all companies whose core business involves producing, generating, or distributing basic utilities: gas, electricity, and water. The average debt-to-equity ratio, or D/E ratio, for the utilities sector in the first quarter of 2020 was 0.08. In the fourth quarter of 2018, it reached .15, which was enough for Moody’s Investors Service
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Donald Trump said on Monday his administration would begin co-operating with Joe Biden’s transition team, bowing to Republican pressure to start the transfer of power even as he vowed to continue contesting his election loss. The president’s statement, which stopped short of a formal concession, came after a Michigan board certified the state’s election results
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Former Federal Reserve Board Chairwoman Janet Yellen Joshua Roberts | Reuters President-elect Joe Biden’s choice of Janet Yellen as Treasury Secretary was seen as a win for markets, since the former Federal Reserve chair should focus on fixing the economy rather than the progressive Democratic agenda feared by some investors. The first woman Fed chief
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Raleigh, North Carolina is Knock’s newest market getty Knock Home Swap™ is a timely solution for home sellers who are also home buyers to bid competitively in today’s market.  By using Knock Home Swap homeowners can buy their new home before selling their old home knowing with approved Knock financing, they are essentially cash buyers.
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The Simplified Employee Pension IRA (SEP IRA) offered by the Vanguard Group is considered one of the best individual retirement account (IRA) products available. Though SEP IRAs are a popular retirement savings vehicle and are offered by many different financial institutions, the Vanguard SEP IRA offers a unique combination of affordability, diverse investment options, high-quality customer
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President-elect Joe Biden plans to nominate former Federal Reserve Chair Janet Yellen to serve as his Treasury secretary, a move that would put the first woman and a seasoned central banker into the nation’s top economic policy job as the coronavirus pandemic threatens another U.S. downturn, people familiar with the matter said. In Yellen, Biden
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The coronavirus vaccine developed by Oxford university and AstraZeneca has comfortably exceeded regulatory requirements for effectiveness in phase 3 trials, giving another boost to hopes that the pandemic can be defeated. The successful results follow the positive trials of rival treatments this month from Pfizer/BioNTech and Moderna, which have lifted global stock markets and signalled
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The periodic table represents the earth’s known chemical elements, and some of them make excellent investments. Rare earth metals, along with a selection of elements known as base and precious metals, provide today’s investors and active traders with a variety of trading opportunities. They’re also often formed into ingots for physical purchases. Key Takeaways Investors
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Jin Lee | Bloomberg | Getty Images Out on Wall Street, stocks are taking a breather from this month’s rally. Despite encouraging updates on a potential coronavirus vaccine, disappointing unemployment data and a spike in coronavirus cases have spooked investors. Not helping investor sentiment, New York City Mayor Bill de Blasio announced that schools would
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With COVID-19 protocols, most home buyers are more serious. getty The New York City real estate market has been in flux for months, but the safeguards created to protect homebuyers, agents and sellers from the novel coronavirus has created a silver lining — they’ve decreased the number of so-called “lookie loos,” the term for people
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