Deutsche Bank’s Jorge Beristain and Chris Terry released their earnings preview for the gold miners–including Barrick Gold (ABX), Goldcorp (GG), Franco-Nevada (FNV), and Coeur Mining (CDE)–and conclude that only one gold miner deserves a Buy rating: Newmont Mining (NEM). They explain why:
During 2Q16, the gold price averaged $1,255/oz, a $71/oz (6%)....More>>>
Small cap insurance software stock Ebix Inc (NASDAQ: EBIX) reported Q1 2017 earnings before the market opened this morning. Q1 revenue rose 11% to $79.1 million and decreased 1% over Q4 2016 revenue of $80.0 million. The year over year revenue improvement reflected growth in the Companys Exchange, Risk Compliance, and Broker Solution channels. On a constant currency basis, Q1 revenue increased 10%....More>>>
If Republican efforts to repeal and replace Obamacare are successful, one of the biggest winners would be the wealthy.
The Senate’s bill — released this week — differs in key ways from the House-passed version. But proposals eliminate the taxes imposed on high-income Americans to help pay for an expansion of health benefits under the Affordable Care Act. The legislation....More>>>
10 Best & Worst Broker-Dealers: Q2 Earnings, 2017
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Galvin Slams SEC’s Piwowar Over Anti-Fiduciary Rule Comments
The Securities and Exchange Commission said Monday that it has charged four former Atlanta-area brokers with fraudulently inducing federal employees to roll over holdings from their federal Thrift Savings Plan....More>>>
Millions of taxpayers will see a tax increase in 2017: they just won’t realize it immediately. That’s because the tax increase won’t be found with a bump in income tax brackets (more on tax brackets from Claudia Hill here) or a rate increase but a change in the cap on wages subject to Social Security taxes.
Here’s how that works. Wages and self-employment....More>>>