Bank of England officials are secretly researching the financial shocks that could hit Britain if there is a vote to leave the European Union in the forthcoming referendum.The Bank blew its cover on Friday when it accidentally emailed details of the project – including how the bank intended to fend off any inquiries about its work – direct to the Guardian.According to the confidential...Read More
Bank of England officials are secretly researching the financial shocks that could hit Britain if there is a vote to leave the European Union in the forthcoming referendum.The Bank blew its cover on Friday when it accidentally emailed details of the project – including how the bank intended to fend off any inquiries about its work – direct to the Guardian.According to the confidential...Read More
Conglomerates often get a bad rap for being a jack of all trades. But for investors seeking diversification, these multi-sector stocks can be just the ticket. That's the word from Edward Gardiner, a regular contributor to Investor's Digest of Canada and author of the book It Pays to Read the Boring Stuff: What the Ordinary Investor Needs to Know. And he says that rather than go out and buy a range...Read More
A collection of tech industry giants like Facebook, Google, Apple and Microsoft, as well as civil liberties organizations and Internet security experts, sent a letter to President Obama on Tuesday warning of the unintended consequences of any policy meant to weaken the encryption technologies that protect Internet communications.The White House has been weighing whether to mandate that companies u...Read More
A collection of tech industry giants like Facebook, Google, Apple and Microsoft, as well as civil liberties organizations and Internet security experts, sent a letter to President Obama on Tuesday warning of the unintended consequences of any policy meant to weaken the encryption technologies that protect Internet communications.The White House has been weighing whether to mandate that companies u...Read More
It was a lifetime ambition for 22-year-old Joseph Rivers to arrive in Los Angeles and become a big name in the music business.And he nearly made it…until a team of DEA agents put a stop to everything by snatching his life savings without even charging him with a crime.The aspiring businessman from the outskirts of Detroit had managed to scrape together $16,000 and was finally on the train to...Read More
It was a lifetime ambition for 22-year-old Joseph Rivers to arrive in Los Angeles and become a big name in the music business.And he nearly made it…until a team of DEA agents put a stop to everything by snatching his life savings without even charging him with a crime.The aspiring businessman from the outskirts of Detroit had managed to scrape together $16,000 and was finally on the train to...Read More
Last year, a city in North Texas banned fracking. State lawmakers want to make sure that never happens again.On Monday, Republican Gov. Greg Abbott signed a law that prohibits bans of hydraulic fracturing altogether and makes it much harder for municipal and county governments to control where oil and gas wells can be drilled. Similar efforts are cropping up in states including New Mexico, Ohio, C...Read More
Last year, a city in North Texas banned fracking. State lawmakers want to make sure that never happens again.On Monday, Republican Gov. Greg Abbott signed a law that prohibits bans of hydraulic fracturing altogether and makes it much harder for municipal and county governments to control where oil and gas wells can be drilled. Similar efforts are cropping up in states including New Mexico, Ohio, C...Read More
Credit Suisse analyst Anita Soni rates gold company stock Agnico Eagle Mines as likely to "outperform" its peers and she has set a 12-month price target on this top gold stock of $38USD a share. Eight other analysts surveyed by Investor's Digest of Canada also rate Agnico Eagle as a buy amongst the best gold stocks to invest in.Ammar Al-Joundi has spent the last 16 years shuttling between jobs at...Read More
Is cash still king? Based on data from the Federal Reserve Board, you might think so. The Fed routinely tracks M1, which covers cash plus checking deposits. In March, the cash component of M1 had a face value of $1.3 trillion, a record high.About $1 trillion of that $1.3 trillion is in $100 bills. Another $300 million is in denominations of $500, $1,000, $5,000 and even a gasp-provoking $10,000. (...Read More
Is cash still king? Based on data from the Federal Reserve Board, you might think so. The Fed routinely tracks M1, which covers cash plus checking deposits. In March, the cash component of M1 had a face value of $1.3 trillion, a record high.About $1 trillion of that $1.3 trillion is in $100 bills. Another $300 million is in denominations of $500, $1,000, $5,000 and even a gasp-provoking $10,000. (...Read More
In late 2013, Cisco chief executive John Chambers used a portentous phrase while telling analysts that sales in emerging markets were spiraling downward, forcing the networking equipment company to cut its three- to five-year revenue growth target: "We're the canary in the coal mine."… Cisco was just the latest victim of globalization, the tantalizing but perilous business prin...Read More
In late 2013, Cisco chief executive John Chambers used a portentous phrase while telling analysts that sales in emerging markets were spiraling downward, forcing the networking equipment company to cut its three- to five-year revenue growth target: "We're the canary in the coal mine."… Cisco was just the latest victim of globalization, the tantalizing but perilous business prin...Read More
Cuba has for several years had a promising therapeutic vaccine against lung cancer. The 55-year trade embargo led by the US made sure that Cuba was mostly where it stayed. Until—maybe—now.The Obama administration has, of course, been trying to normalize relations with the island nation. And last month, during New York Gov. Andrew Cuomo's visit to Havana, Roswell Park Cancer Institu...Read More
Cuba has for several years had a promising therapeutic vaccine against lung cancer. The 55-year trade embargo led by the US made sure that Cuba was mostly where it stayed. Until—maybe—now.The Obama administration has, of course, been trying to normalize relations with the island nation. And last month, during New York Gov. Andrew Cuomo's visit to Havana, Roswell Park Cancer Institu...Read More
Home solar and other off-grid technology is about to have its day. Tesla Chief Executive Elon Musk's announcement April 30 that his company would market $3,000 home batteries that can store solar power for nighttime use is just the latest twist in the rapid evolution of systems that will let homes and businesses unplug from utility companies.Tesla's $3,000 price point surprised experts at...Read More
Home solar and other off-grid technology is about to have its day. Tesla Chief Executive Elon Musk's announcement April 30 that his company would market $3,000 home batteries that can store solar power for nighttime use is just the latest twist in the rapid evolution of systems that will let homes and businesses unplug from utility companies.Tesla's $3,000 price point surprised experts at...Read More
The country's rapidly growing marijuana industry has a tax problem. Even as more states embrace legal marijuana, shops say they are being forced to pay crippling federal income taxes because of a decades-old law aimed at preventing drug dealers from claiming their smuggling costs and couriers as business expenses on their tax returns.Congress passed that law in 1982 after a cocaine and methamp...Read More
The country's rapidly growing marijuana industry has a tax problem. Even as more states embrace legal marijuana, shops say they are being forced to pay crippling federal income taxes because of a decades-old law aimed at preventing drug dealers from claiming their smuggling costs and couriers as business expenses on their tax returns.Congress passed that law in 1982 after a cocaine and methamp...Read More