When you think of Medicare, you probably assume that it’s for people of retirement age. That’s true, but the program covers more than just those who have worked all their life. You might be eligible right now and not know it. That’s because while the bulk of beneficiaries, more than 80%, are people aged 65 or
Month: August 2020
Warren Buffett has placed a $6bn contrarian bet on Japan’s five biggest trading houses, the century-old commodity specialists that are increasingly transforming into global venture capital and private equity businesses. Mr Buffett’s move follows an unprecedented $132bn exodus of foreign investment from Japanese equities over the past 32 months on fading optimism about Prime Minister
Pre-Qualified vs. Pre-Approved: An Overview Most real estate buyers have heard that they need to pre-qualify or be pre-approved for a mortgage if they’re looking to buy a property. These are two key steps in the mortgage application process. Some people use the terms interchangeably, but there are important differences that every homebuyer should understand.
In my coverage of the Sprott Physical Gold and Silver Trust (CEF) back in May, I shared various supporting ideas that justified the fund as a buy. The central thesis was, as a bullion-backed fund, CEF would move up naturally purely because of a bull move in the precious metals. It has been just under
DraftKings CEO and Co-Founder Jason Robins speaks during the unveiling of DraftKings headquarters March 26, 2019 in Boston, Massachusetts. Darren McCollester | Getty Images Stocks are once again at record high levels — with the S&P 500 now up over 21% on a one-year basis. That’s following Fed Chair Jerome Powell’s more-relaxed inflation targeting strategy,
Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – The beverage giant announced a reorganization which will see the current 17-unit business structure changed to nine business units. The realignment will result in an undetermined number of both involuntary and voluntary job cuts, with Coca-Cola planning to offer voluntary
A child learning mathematics from a computer at home. getty For countless American students, classrooms in the new school year will be next to the living room, or in the kitchen. For parents, this presents a new challenge: finding room and creating an environment conducive to in-house learning, often while they are working from home
A “For Sale by Owner” sign is posted in front of property in Monterey Park, California. Frederic J. Brown | AFP | Getty Images After improving markedly in July, the number of borrowers struggling to make their monthly mortgage payments has essentially flatlined and now threatens to move higher. As of August 25, 3.9 million
California wildfires that have scorched 1.5 million acres will compound the challenges for local governments already reeling from the coronavirus pandemic, but Moody’s Investors Service says in most cases they will emerge with their bond ratings intact. The latest burst of blazes was sparked by a rare, powerful storm that generated lighting strikes throughout northern
Over the course of 150 years, America’s oldest continuously running hotel has never been closed for this long. Yet, as stay-at-home orders took hold in March, all but one of the 1,641 rooms at the Palmer House Hilton in the centre of Chicago began to empty out, with the hotel eventually suspending operations on April
A master of business administration (MBA) degree is one of the most sought-after degrees for professionals looking to scale the corporate ladder, no matter whether they are in the business industry or a different one. While completing this degree, MBA candidates can make themselves even more employable by pursuing secondary degrees to complement an MBA.
China’s inclusion of new technologies on an export restrictions list could hamper TikTok’s sale in the US, according to state media reports, in the latest ratcheting up of trade tensions between the two countries. China’s Ministry of Commerce revealed late on Friday the government had added items including those related to computing and artificial intelligence
Are mutual fund performance numbers reported net of fees? In other words, is the reported performance of a mutual fund calculated after all expenses are taken out? The answer depends on how you define operating expenses. Let’s look at a cinematic metaphor to clear up this apparent ambiguity. A mutual fund‘s cost is similar to
Main Thesis The purpose of this article is to evaluate the iShares National Muni Bond ETF (NYSEARCA:MUB) as an investment option at its current market price. Munis continue to push higher through 2020, and MUB has registered a modest gain since my last review. With bullish momentum, it would be easy to expect further gains
A man wearing a protective mask sits on top of the Charging Bull sculpture near Wall St. amid the coronavirus pandemic on April 19, 2020 in New York City, United States. Alexi Rosenfeld | Getty Images Company: Evolent Health Inc. (EVH) Business: Evolent is a health-care delivery and payment company. It supports health systems and
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Ulta Beauty — Shares of the retailer gained 6% after the company’s second-quarter profit topped expectations. Ulta earned 14 cents per share during that time period, compared with the
Piggy bank on floor concept for saving, accounting, banking and business account getty This article was previously published in the August 2020 edition of the Forbes Real Estate Investor We believe that most REITs will survive the pandemic, continue to operate, continue to pay their cumulative preferred dividends, and have minimal impairment. This month we
Anna Vela had three days to pay her rent or her landlord would evict her and her three children. She didn’t have the money. When the pandemic hit, Vela’s boss at the supermarket where she worked in Davenport, Iowa, had cut her weekly hours to around 11 from 35. And when she learned that she’d
Experts asked many questions about the Federal Reserve’s new framework, which averages inflation and will not change monetary policy based on expected inflation, especially why they haven’t been able to hit the benchmark consistently since its January 2012 introduction. “Since the Fed established 2% as its inflation target in January 2012, inflation has been nearly
Steve Cohen, the billionaire hedge fund manager, has entered exclusive talks to buy the New York Mets baseball club after beating two rival bids, said people briefed about the matter. The Wilpon family, owners of the Mets for 40 years, has selected Mr Cohen’s bid over offers made by a consortium led by former athlete
Salesforce.com, Inc. (CRM) reports second quarter 2020 earnings after Tuesday’s closing bell, with analysts looking for a profit of $0.67 per share on $4.90 billion in revenue. The stock sold off 8% after beating top- and bottom-line estimates by small margins in May but recovered in June and broke out to an all-time high in
US stocks are poised for the best August since 1986, after the sharp technology-dominated rally since March sent blue chips to a record high. The S&P 500 index is up 6.8 per cent for the month and if the gains hold until trading closes on Monday, that would mark the best August since the index’s
U.S. Bank, one of the country’s largest banks with a history dating to 1863, offers banking products to customers nationwide. The company has two, unsecured, fixed-rate personal loans for existing U.S. Bank customers. In this review we will focus on the U.S. Bank Personal Loan, as well as cover a few key details of the
As you can see in the following chart, the Invesco DB Energy ETF (DBE) has continued trading higher on the back of strength in the energy commodities. It is my belief that this trend of recovery in DBE is going to continue. I believe that DBE is supported from both an instrument methodology perspective as
The New York Stock Exchange has won the approval from regulators to allow companies to issue new shares through direct listings, creating a cheaper alternative to the traditional initial public offering. The Securities and Exchange Commission said in an order Wednesday evening that it approved a new type of direct listing where companies can simultaneously
It’s been a great August, up 6% for the S&P 500, the best August since 1986. But then again, it was a great July. And a great June. May was pretty good, too, and April was downright eye-popping. The Summer Rally (S&P 500 Monthly Returns) April: up 12.7% May: up 4.5% June: up 1.8% July:
A child wearing a face mask sits on the Charging Bull statue, also known as the Wall Street Bull, following the outbreak of the coronavirus disease (COVID-19) in New York, August 19, 2020. Carlo Allegri | Reuters September is historically challenging for the market, but stocks could start the month on an upswing after what
Hurricane Laura hit with powerful winds causing extensive damage to homes along the Gulf Coast. Getty Images Hurricane Laura, the most intense hurricane to make landfall along the northwestern Gulf Coast since 1856, brings the threat of further economic uncertainty to the region. Data by CoreLogic, a global real estate and data analytics provider, has
valentinrussanov | E+ | Getty Images If the economic havoc from the coronavirus persists, distressed homeowners could find themselves facing a terrifying prospect next year: Foreclosure. The CARES Act, the pandemic relief act that became a law this spring, sought to keep millions of Americans in their homes. In particular, it gave borrowers with federally
Municipals were weaker on Friday, with yields on the long end finishing out the day up one basis point. Since Aug. 12, when the muni market correction began and yields moved off record low levels, the yield on 10-year muni has risen by 23 basis points while the 30-year yield is up 29 basis points,
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