Month: August 2019

Savannah’s funds shrunk a bit with the approval of several pricey items on the regular city council agenda Thursday. Aldermen approved about $49 million in expenditures, plus $55 million in bonds. RCraig09 [CC BY-SA 3.0] Aldermen voted to allow the Downtown Savannah Authority to issue $10 million in general obligation bonds for the fund the
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On August 23rd, the Global X GURU Index ETF (NYSEARCA:GURU) underwent its quarterly rebalance. The August 2019 GURU Report can be found here. Notable observations from this rebalance period include the following: GURU’s index, the Solactive Guru Index, has outperformed the S&P 500, GURU’s broad-market benchmark, by 2.89% (289 bps) year to date through August
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Crypto-jacking campaigns increased substantially in the first quarter of 2019 according to a McAfee Labs Threats Report published yesterday. The prevalence of ransomware attacks climbed a massive 118% during Q1, while malware attacks increased by 29% in the same period. The report also states that the attacks were indiscriminate, meaning that both Windows and Apple
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Economic cycles happen. We’ve seen how they seem to exhibit a boom-bust pattern that repeats over time; and these cycles will inevitably affect specific markets in various ways, impacting both sides of the supply and demand equation. But something is different in 2019. That difference is the technology involved. A wide variety of fintech companies
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Here’s the good news on earnings: Despite much hand-wringing around tariffs and the global economic outlook, overall earnings for the S&P 500 in 2019 remain “flattish,” meaning they are likely to be little changed from 2018’s record pace. The bad news: Investors remain on edge because confidence in the estimates are not high. “The wild
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Michigan could face a government shutdown as the budget battle between Republican lawmakers and Democratic Gov. Gretchen Whitmer over school and road funding looks no closer to being resolved by the Oct. 1 deadline. Credit analysts at S&P Global Ratings and Fitch Ratings said that a temporary shutdown won’t impact the state’s credit. Michigan Gov.
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ETF Overview iShares PHLX Semiconductor ETF (SOXX) owns a portfolio of large and giant-cap semiconductor stocks. The fund seeks to track the investment results of the PHLX Semiconductor Sector Index. Stocks in SOXX’s portfolio should continue to enjoy favorable industry fundamental as the semiconductor industry is set to grow at a rate of 7.67% annually
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Nutanix IPO celebration at the Nasdaq market site in New York, September 30, 2016. Source: Nasdaq Check out the companies making headlines after the bell: Shares of Nutanix soared 18% in extended trading after the company announced a lower-than-expected loss for the fourth quarter. The cloud platform company reported a fourth-quarter adjusted loss per share of
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Ripple’s CEO, Brad Garlinghouse, has taken to Twitter in an attempt to clarify Ripple’s decision to sell XRP. Investments in the token have been dwindling, as many feel Ripple’s decision to continue selling its XRP is driving the price of the token down. Garlinghouse has previously explained that funds from the selling of XRP are funneled back
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