What will the 2020 election mean for the markets? Photographer: Andrew Harrer/Bloomberg © 2019 Bloomberg Finance LP With the barrage of news on other topics, it’s just about possible to forget there’s an U.S. election just a few months away. There have been a surprising number of studies on what elections mean for the markets.…
Getty The Probable Next Round of PPP Loans Based on Necessity, Minority Outreach, and Exactly What Was Said About Automatic Forgiveness for Loans Under $150,000. On July 17, 2020, the House of Representative’s Committee on Small Business held a hearing with Steven Mnuchin, the United States Secretary of the Treasury, and Jovita Carranza, Administrator of…
Every new asset type results in a free-for-all between the various agencies in the US that control regulation and enforcement over instruments or assets that appear in the marketplace. Ostensibly, regulators exist for the protection of investors, by overseeing markets in such a way that fraud is rooted out and consumers protected. The argument for…
WASHINGTON, DC – JULY 17: Steven Mnuchin, U.S. Treasury secretary, speaks during a House Small … [+] Business Committee hearing on July 17, 2020 in Washington, D.C. The hearing is titled “Oversight of the Small Business Administration and Department of Treasury Pandemic Programs.” (Photo by Erin Scott-Pool/Getty Images) Getty Images To date, the Paycheck Protection…
Getty With the S&P 500 yielding just 1.8%, and 10-Year Treasuries paying a pathetic 0.7%, many folks are getting desperate for income—and they’re falling for dangerous dividends like exchange-traded notes (ETNs). Note I said “ETN” here, and not “ETF.” It’s a critical distinction—and overlooking it could cost you a fortune in gains and dividends. A…
SAN FRANCISCO, CA – SEPTEMBER 05: Livongo Health CEO Glen Tullman speaks onstage during Day 1 of … [+] TechCrunch Disrupt SF 2018 at Moscone Center on September 5, 2018 in San Francisco, California. (Photo by Kimberly White/Getty Images for TechCrunch) Getty Images for TechCrunch The Covid-19 pandemic has vastly expanded the number of employees…
A massive hack affected Twitter around 3pm EDT Wednesday (July 15th 2020), in which many high-profile accounts were used to tweet out a large-scale doubling scam. It is unclear exactly how the hackers gained access to make the tweets from these accounts, but Twitter posted an update which corroborated reports that indicated company personnel and…
The Fed is going to buy stocks. I don’t know precisely when (sorry day traders), but it will happen, and probably soon. The first half of the Fed’s dual mandate is to promote maximum employment – that means avoiding and mitigating recessions. Supporting the S&P 500 is central to this effort, not because a fall…
Bitcoin, thrust into the international spotlight this week by Twitter hackers trying to defraud people of their bitcoin, is hard to track but by no means impossible. Bitcoin, cryptocurrency and blockchain analytics companies are able to forensically examine crypto transactions and are often able to pinpoint exactly who made the transaction, where and when. Now,…
In these worst of times, your goals should be to combat powerlessness or hopelessness and learn as … [+] much as you can about your pension in preparation for its defense. Getty During the best of times, workers and retirees counting on pensions for their retirement security have had good reason to worry that the…