(Adds comments from Latvian prime minister and finance minister)By Balazs Koranyi and Gederts GelzisFRANKFURT/RIGA, Feb 24 (Reuters) - Latvia's ABLV Bank is failing or likely to fail and will be wound up as saving it is not in the public interest, the European Union's Single Resolution Board and the European Central Bank (ECB) said separately on Saturday. Accused by U.S. authorities of large-scal...Read More
FRANKFURT, Feb 24 (Reuters) - Norway's $1 trillion sovereign wealth fund, the world's biggest, wants to invest in German medium-sized private companies if the Norwegian government allows it to do so this year, its head Yngve Slyngstad told German magazine Focus.The Norwegian fund is seeking permission to broaden its investments to include unlisted companies, and has in the past lamented its inabil...Read More
(Adds investor quote)By Jonathan StempelFeb 24 (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Saturday reported a record quarterly and annual profit, fueled by a big cut in the U.S. corporate income tax rate championed by President Donald Trump.Fourth-quarter net income increased roughly fivefold to $32.55 billion, or $19,790 per Class A share, from $6.29 billion, or $3,823 per share, a y...Read More
BEIJING, Feb 24 (Reuters) - The Chinese securities regulator said it will ramp up regulation of rejected "back-door listings", as part of a wider overhaul of initial public offerings by Beijing.In a brief question and answer published on its website late on Friday, the China Securities Regulatory Commission (CSRC) said companies that have their first listing rejected will have to wait at...Read More
By Jonathan StempelFeb 24 (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Saturday reported a record quarterly and annual profit, benefiting from a lower U.S. corporate income tax rate.Fourth-quarter net income increased roughly fivefold to $32.55 billion, or $19,790 per Class A share, from $6.29 billion, or $3,823 per share, a year earlier.Quarterly operating profit for the Omaha, Nebraska...Read More
(Recasts, adds details)BEIJING, Feb 24 (Reuters) - China's ruling Communist Party will hold a three-day meeting of its top officials starting on Monday to discuss deepening ofreform, and will also likely decide on key personnel decisions ahead of a government reshuffle next month.In a statement on Saturday following a meeting chaired by President Xi Jinping, who is also head of the party, the off...Read More
BEIJING, Feb 24 (Reuters) - China will continue to adopt a proactive fiscal policy and a prudent monetary policy to fulfill its 2018 economic and social development goals, state media Xinhua reported on Saturday, citing a statement from the ruling Communist Party's politburo.The politburo is the party's top political institution.China's economy grew 6.9 percent in 2017, the first annual accelerati...Read More
* China's Jan average new home prices rise 5 pct y/y* Jan new home prices +0.3 pct m/m - Reuters calculations* Beijing's prices +0.2 pct m/m, Shanghai and Guangzhou -0.4 pct* Tier-one cities' prices decline, first drop in more than 2 years (Updating to add analyst comment, background)By Josephine Mason and Pei LiBEIJING, Feb 24 (Reuters) - China's new home prices grew in January although major cit...Read More
3 Hot Things to Know About Stocks Right Now General Mills (GIS) will spend $8 billion to buy natural pet food player Blue Buffalo (BUFF) .For the week the Dow rose 0.36%, the S&P 500 gained 0.55% and the Nasdaq jumped 1.35%.Over the past nine weeks through last week, Wall Street analysts have lifted their 2018 profit estimates for S&P 500 companies by 7.7%, points out Yardeni Research....Read More
Adam HamiltonArchivesFeb 23, 2018 Gold is faring quite well today technically, though you sure wouldn't know it from the rampant bearish sentiment. Gold's price is in a strong uptrend over a year old, high in both its current upleg and young bull market. Gold isn't far from breaking out to its best levels since September 2013, a really big deal. The stock markets even finally sold off after years...Read More
Minister says laundering and trading rules need to apply'Digital prospectus' should be required for ICOs, Loeger saysAustria’s finance ministry is looking at the trading rules for gold and derivatives as inspiration for drawing up regulations on cryptocurrencies for the nation and for the European Union.The goal is to prevent Bitcoin and similar virtual currencies from facilitating money la...Read More
3 Hot Things to Know About Stocks Right Now General Mills (GIS) will spend $8 billion to buy natural pet food player Blue Buffalo (BUFF) .The S&P 500 is up 5.9% from the Feb. 8 correction lows.Over the past nine weeks through last week, Wall Street analysts have lifted their 2018 profit estimates for S&P 500 companies by 7.7%, points out Yardeni Research. Market Snapshot U.S. stoc...Read More
Volatility was down yesterday.So were yields on the 10-year Treasury.The result?A winning day on Wall Street.The Dow closed the day 165 points higher.The S&P scratched out a gain of its own.Only the Nasdaq finished the day in red - and by eight points.And so our crackpot theory lives yet:Stocks climb when both volatility and 10-year Treasury yields remain within certain thresholds.And stocks f...Read More
According to my colleague Ray Blanco,"the biggest blockchain stock explosion of 2018 is set to erupt, unleashing a tsunami of wealth for investors."After what I experienced last weekend at the Bitcoin, Ethereum, & Blockchain SuperConference, I couldn’t agree more.Expert after expert specifically noted that blockchain tech is the equivalent of the internet in 1996.And we're now just waiti...Read More
The stock market frustrated both the bulls and bears this week.For the second day in a row, a morning rally fizzled and stocks stumbled into the close. The Nasdaq Composite was the only one of the averages that managed to close in the red on Thursday. The S&P and the Dow both finished in positive territory.A choppy market's no fun for most investors. But some short-term traders are at their be...Read More
Look out, inflation is coming!Is your investment account ready?This week, the minutes from the most recent Fed meeting were released and “almost all participants” saw inflation moving towards their 2% goal.This is a very important topic to understand if you want to protect the wealth you’re building through dividend stocks.So today, I want to talk a bit about why investors are wo...Read More
The corporate media and deep state are desperately trying to silence independent news sites such as InfoWars from reporting anything that does not fallContinue...Read More
The global economy is booming again after years in the doldrums,commodities are back in a big way, and metals prices are for the most part, wayup. In our last article showing how commodities are the place to be in 2018, we lookedat five drivers: inflation, the low dollar, economic growth, the relativeundervalue of commodities versus other sectors, and tightness of supply. Thisarticle expands on th...Read More
Continue...Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventio...Read More
Mainstream economics uses a fairly simple equation when it comes to public policy: More government spending equals more growth, which is just about always a good thing.The problem is with the "just about always" part. At the bottom of recessions, tax cuts and higher government spending can indeed stop the shrinkage and get things going again. And fiscal stimulus might be relatively harmless when a...Read More