Month: November 2020

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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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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Beijing has warned it will show “zero tolerance” for financial misconduct after several high-profile bond defaults by state-owned companies roiled the Chinese debt market. Speaking at a meeting for the committee that oversees China’s financial sector over the weekend, vice premier Liu He said authorities would “severely” crack down on illegal behaviour on bond financing,
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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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What Are Costco’s Top 4 Subsidiaries? Costco Wholesale Corporation (NASDAQ: COST) often brags that it was the first company in history to grow from zero to $3 billion in sales in less than six years.  That was a while ago. The company’s net sales totaled $163.22 billion for its fiscal year 2020. The company
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With the proliferation of plastic and digital alternatives to hard currency, many people consider carrying cash a throwback to an earlier age. In the modern age, it’s all about fast transactions provided by credit cards. Cash may be king, but “buy now, pay later” reigns supreme. While there are many benefits to purchasing with a debit
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A federal judge on Saturday dealt a blow to Donald Trump’s attempt to overturn the results of the presidential election, throwing out a lawsuit in Pennsylvania with an excoriating opinion that cast his legal arguments as shoddy, without evidence and contrary to the US constitution. The dismissal of the Trump campaign’s lawsuit, which had sought
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Sales of existing homes in October soared well past expectations, rising 4.3% compared with September and 26.6% annually to a seasonally adjusted annualized rate of 6.85 million units, according to the National Association of Realtors. The NAR’s chief economist, Lawrence Yun, called the annual increase “a spectacular gain.” The annualized sales rate is the highest
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The Puerto Rico Oversight Board approved entering central government debt negotiations with a proposal that would include a 65.9% to 68.6% haircut for bondholders. The board voted 4-0 at Friday’s public meeting to adopt this position in negotiations with creditors. The Board considered the same resolution at a meeting on Oct. 30, and board member
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Donald Trump’s efforts to overturn the US presidential election result suffered significant setbacks on Friday after Georgia officially certified Joe Biden’s win and top Republican lawmakers in Michigan dismissed the idea they would throw the state to the president. The developments were the latest blows to Mr Trump’s unprecedented and long-shot effort to retain power
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Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Investors assess vaccine news against Covid-19 case spikes Traders work on the floor of the New York Stock Exchange. Source: NYSE U.S. stock futures pointed to a mixed open Friday, in an investor sentiment tug-of-war between more encouraging
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