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Celsius begins second distribution of $127 million to eligible creditors

Celsius begins second distribution of $127 million to eligible creditors

Key Takeaways Celsius Network’s second distribution of $127 million raises recovery rate to 60.4% for creditors. Creditors will receive Bitcoin valued at $95,836.23, the weighted average price for this distribution. Share this article Celsius Network is distributing $127 million to eligible creditors in its second payout under bankruptcy proceedings, following the crypto lender’s collapse in […]
The Data Shows Three Market-Jolting Forces On The Move

The Data Shows Three Market-Jolting Forces On The Move

Image Source: Unsplash Maybe they thought we wouldn’t notice, what with it being the day before Thanksgiving and all, but we got more than 15 major and minor economic data reports today – everything from GDP to jobs to crude oil stocks inventories and just about everything in between.Not everything in the reports was big news, […]
Ares Commercial Real Estate: Problems Lurk For This 13.7% Yielder

Ares Commercial Real Estate: Problems Lurk For This 13.7% Yielder

We last looked at Ares Commercial Real Estate (Nasdaq: ACRE) nearly two years ago. At that time, its 12% dividend yield received an “A” rating for dividend safety.This was one of the rare times The Safety Net got an “A” rating wrong. But to be fair, the blame lies more with Ares Commercial Real Estate execution than with the […]
How To Invest In Starlink And SpaceX Before They Go Public

How To Invest In Starlink And SpaceX Before They Go Public

Image Source: Pixabay Many investors are interested in jumping on the Elon Musk bandwagon by investing in the companies he is involved with, other than Tesla (TSLA). With the success that Musk has been having with rockets and satellites, many investors see the growth potential in those areas.Fortunately, there are a few ways to participate in […]
Q3 2024 U.S. Retail Scorecard – Update

Q3 2024 U.S. Retail Scorecard – Update

Image Source: Unsplash To date, 169 of the 194 companies in our Retail/Restaurant Index have reported their EPS results for Q3 2024, representing 87% of the index. Of those companies that have reported their quarterly results, 63% announced profits that beat analysts’ expectations, while 4% delivered on-target results and 33% reported earnings that fell below estimates. […]
Turn Volatility Into Income With These Top Option-Income ETFs

Turn Volatility Into Income With These Top Option-Income ETFs

Image Source: Pixabay In February, we launched the ETF Income Edge service to help investors sort through the rapidly growing world of high-yield (mostly) option-strategy ETFs. To find the best ETFs to recommend, I maintain a database of this type of fund. As I write this, I have 82 option strategy ETFs on my results tracking […]
The Major Sector ETFs Talk Turkey

The Major Sector ETFs Talk Turkey

While this is the last Daily of this week, I want to start with a quick rundown of the Economic Modern Family. As Friday is a ½ day and Black Friday, we can only guess that based on a strong yet discerning consumer, Granny Retail XRT should hold the gap up it started this past week […]
Manufacturing And Trade Inventories And Sales: September 2024

Manufacturing And Trade Inventories And Sales: September 2024

Sales The combined value of distributive trade sales and manufacturers’ shipments for September is adjusted for seasonal and trading day differences but not for price changes. It was estimated at $1,881.2 billion, up 0.3 percent (±0.2 percent) from August 2024 and was up 0.5 percent (±0.3 percent) from September 2023. Inventories Manufacturers’ and trade inventories […]
Business Cycle Indicators For Biden’s Economy In October

Business Cycle Indicators For Biden’s Economy In October

One of the last snapshots of the Biden economy show real consumption and personal income rising, with consumption rising 0.6% (vs. consensus of 0.3%), and faster than inflation. Here are some key indicators followed by the NBER’s Business Cycle Dating Committee. Figure 1: Nonfarm Payroll (NFP) employment from CES (blue), implied NFP from preliminary benchmark (bold […]
It’s Not Just Corporate Profits, The Long Leading Housing Sector Is Also Under Pressure

It’s Not Just Corporate Profits, The Long Leading Housing Sector Is Also Under Pressure

I suspect that both hurricanes as well as mortgage rates somewhat distorted all of the housing reports for October.Last week with existing home sales I noted that “While sales remained in range, price appreciation increased and the pace of inventory accumulation decreased.“There was something of a mirror image in yesterday’s reports on both new and […]