Buying Archives - Zxcoachoutlet

Americans are ‘panic buying’ life insurance due to coronavirus pandemic

October 14, 2020

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Many firms have noted double-digit increases in the number of life insurance policies they’ve sold during the Covid-19 pandemic relative to last year.
The increase is largely due to a fear of death and greater awareness of financial risks associated with mortality, experts said.
Insurance sales have been dwindling for years. In 2020, just over half of American adults reported having a life insurance policy, down from 63% a decade earlier.

Life insurance is enjoying something of a renaissance as a result of the coronavirus pandemic.

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Consumers, especially younger adults, have been buying insurance in elevated numbers since the spring, when thousands of Americans began getting ill and dying from Covid-19.

That result is logical, experts said, given the core use of life insurance: as a financial backstop in the event of death.

More from Smart Tax Planning:

12 million people asked the IRS

Buying health insurance? Know which policy is best for you

October 13, 2020

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We are living in an era when buying a health insurance plan has become imperative. With COVID-19, healthcare expenses have skyrocketed, emphasising the need for a health insurance policy. Even routine medical check-ups can burn a hole in your pocket. In this situation, health insurance acts as an umbrella for financial security.

Investing in a good health insurance plan helps us to save our finances and get the best quality of health care services anytime. It not only saves money but also reduces expenses towards doctor consultation fees, costs for medical tests, hospitalisation, etc. But with the availability of various types of health insurance plans right from individual health policy, family floater to senior citizen policy, selecting the right plan can be quite confusing. Therefore, to help you understand better, here is a quick rundown of the different kind of health insurance plans with their

Morgan Stanley buying Eaton Vance in deal valued at $7B

October 8, 2020

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Morgan Stanley is buying Eaton Vance in a deal valued at about $7 billion

October 8, 2020, 1:01 PM

2 min read

NEW YORK — Morgan Stanley will buy the investment management firm Eaton Vance in a deal valued at about $7 billion.

Morgan Stanley has actively gone after potential targets this year. The prosed acquisition Thursday comes just days after it closed on one of the biggest deals on Wall Street since the 2008 financial crisis, the $13 billion takeover of E-Trade Financial.

Eaton Vance, based in Boston, has over $500 billion in assets under management.

Morgan Stanley Chairman and CEO James P. Gorman said in a prepared statement Thursday that Eaton Vance will add more fee-based revenues to its investment banking and institutional securities franchise. The deal will give Morgan Stanley’s investment management arm approximately $1.2 trillion of

An explosive new documentary details how Jared Kushner’s coronavirus task force consisted mainly of 20-something volunteers buying PPE with personal email accounts

October 8, 2020

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Jared Kushner, Kellyanne Conway standing next to a person in a suit and tie: White House senior advisor Jared Kushner and counselor Kellyanne Conway on April 30. AP Photo/Evan Vucci

© AP Photo/Evan Vucci
White House senior advisor Jared Kushner and counselor Kellyanne Conway on April 30. AP Photo/Evan Vucci

For several weeks in March and April, Max Kennedy Jr., then 26, served on Jared Kushner’s White House COVID-19 Supply Chain Task Force.
Kennedy, who is Robert F. Kennedy’s grandson, quit the task force in April. Soon after, he wrote an anonymous whistleblower complaint to Congress accusing the task force of corruption and ineptitude.
According to Kennedy, most members of the task force were young, inexperienced volunteers “cold emailing” Chinese factories from their personal email accounts.
Visit Business Insider’s homepage for more stories.

When Max Kennedy Jr. volunteered to help out on Jared Kushner’s White House COVID-19 Supply Chain Task Force, he thought he’d be helping out senior staff with rote tasks like data entry.

“My old boss called me and said he heard Kushner’s task force needed younger volunteers

South Florida rapper accused of buying Ferrari with federal COVID-19 relief money

October 7, 2020

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In one of the country’s largest coronvirus relief schemes, South Florida rapper and reality star Diamond Blue Smith has been charged and accused of pocketing more than $1 million from a federal loan program for struggling businesses and buying a $96,000 Ferrari with the proceeds.

Smith, 36, a cast member on “Love & Hip Hop: Miami” and a member of the group Pretty Ricky, was arrested this week along with a Pennsylvania tow truck operator for their roles in a $24 million COVID-19 relief fraud scheme.

Smith and Johnson both face federal charges of wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud in the Southern District of Florida. Smith could not be immediately reached for comment.

Eleven other defendants have also been charged in the alleged racket centered in South Florida to bilk the Small Business Administration’s Paycheck Protection Program approved by Congress as

3 Reasons Why You Should Consider Buying BAE Systems (OTCMKTS:BAESF)

October 5, 2020

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This year has been rather disappointing for shareholders in British-based defense firm BAE Systems (OTCPK:BAESY). Year to date, the stock has lost nearly 17% of its value, despite resilient growth in its order intake during the first half of 2020.

Looking ahead, however, there are three key reasons investors should consider buying BAE Systems.

1. Defense Spending Provides Stability

The defense sector is traditionally seen as a reliable safe haven for uncertain times. But fewer and fewer major defense firms are pure plays in the sector these days. In pursuit of what had been perceived as faster-growing markets, many in the sector increasingly earn revenues from commercial and other non-defense markets. Those firms with heavy commercial market exposure now face unprecedented economic headwinds.

Unlike many of its peers, BAE still earns nearly all of its revenues producing military equipment and providing military services. This contrasts with Airbus (OTCPK:EADSY) and Boeing

Dollar, Yen Gain as Trump’s Positive COVID Test Sparks Haven Buying | Investing News

October 4, 2020

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By Gertrude Chavez-Dreyfuss

NEW YORK (Reuters) – The safe-haven yen and dollar rose on Friday after President Donald Trump tested positive for COVID-19, rattling investors just a month before November’s U.S. presidential election.

By afternoon trading, markets had calmed down, with the dollar and yen still up but moved in narrow ranges.

Data showing U.S. nonfarm payrolls rising less than expected in September, but with a drop in the unemployment rate, had little impact on currencies, as markets focused on Trump’s health.

Trump, who had played down the threat of the coronavirus pandemic for months, said he and his wife Melania had tested positive for COVID-19 and were going into quarantine, upending the race for the White House.

The news sparked some selling on Wall Street, while U.S. Treasury prices were lower after an initial rally.

The yen made its sharpest gain in more than a month to reach a

Prices, market stabilizes for people buying ACA insurance

October 2, 2020

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Premiums for 2021 will be relatively flat for Ohioans who buy health insurance on the Affordable Care Act marketplace and more counties in Ohio will have more options to chose from this open enrollment period as well.

a screenshot of a person: Open enrollment starts Nov. 1 for 2021 marketplace insurance.

© Provided by Dayton Daily News
Open enrollment starts Nov. 1 for 2021 marketplace insurance.

Open enrollment begins on Nov. 1 and runs through Dec. 15. About 196,800 Ohioans bought their insurance through the marketplace for 2020.

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Now is the time to research for Medicare open enrollment

“Unfortunately, due to COVID-19′s impact on Ohio employers and communities, we expect to see increased demand for affordable individual health insurance plans, including on and off-exchange health plans,” said Jeff Blunt, local spokesman for Anthem.

He said Anthem is offering marketplace health plans in 76 of Ohio’s 88 counties in 2021 and in the Miami Valley, this includes new Anthem marketplace health plan offerings

Here’s Why I’m Not Buying Moderna

October 1, 2020

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Shares of Moderna (MRNA) shot higher at the open on Wednesday, but quickly pulled back. Why am I not a buyer of Modera? Let’s go to the charts to find out.

COMP CHART — Moderna (MRNA) vs S&P 500 vs. Nasdaq. Chart via TradeStation

After pulling back sharply in August, Moderna has been on a tear. In this comparison chart, we see that as of Wednesday morning, Moderna has climbed by 33% since September 8th.

Over that same period of time, the Nasdaq has gained just over 3%, and the S&P 500 has gained about 1%. But is that reason enough to buy the stock?

Since late August, Moderna has formed a technical pattern known as a cup and handle. The breakout point for the pattern was $70.50.

Now let’s get into the reasons why I don’t like this stock. First of all, the breakout from the cup and handle occurred

OneSpan: A Buying Opportunity Despite The Accounting Gaffe (NASDAQ:OSPN)

September 30, 2020

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(Source: OneSpan)

OneSpan Inc. (OSPN) combats identity fraud, primarily within the banking industry, where 60 of the top 100 global banks are using its products. The company is transforming from a hardware and perpetual licence software-based business model to cloud-delivered software services. But therein lies the problem for the most recent quarter. The pandemic is causing an acceleration of the business transformation which is blurring the financial picture for the company.

Q2 2020 Performance

On the surface, the performance appears to be pretty mediocre, with revenue decreasing by 2% YoY for Q2 2020. This is primarily the result of a faster-than-expected drop in hardware and perpetual license sales due to the pandemic. Of course, some of the lost product sales have migrated over to term license software or services. During the transition to Software-as-a-Service (SAAS), lower revenue is expected, along with margin compression, thus blurring the company’s performance.

(Source: OneSpan)