With tax cuts boosting consumer spending, the U.S. is poised for another good year

Stocks have just accomplished a Houdini – scorching to record highs while escaping volatility. The S&P 500, which accounts for 80 percent of the value of publicly traded U.S. companies, just scored an unprecedented 14 consecutive monthly gains. Investment professionals will tell ordinary folks a year like 2017 simply can’t repeat. Gains will slow or the… Please follow and like us:

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South Korea’s Bitcoin Crackdown Maybe Toned Down

The price of bitcoin, the world’s most popular cryptocurrency at present, took a beating Thursday after reports said South Korean Justice Minister Park Sang-ki was planning a ban on cryptocurrency exchanges in the country, which is a global hub for such trading platforms. But on Friday, the country’s finance minister reportedly made statements toning down the… Please follow and like us:

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China denies report it could halt US bond purchases

China denied on Thursday a report that it may slow or cease its purchases of US Treasury bonds, calling it a possible case of “fake news” after the dollar tumbled following the story. Bloomberg News reported Wednesday that officials reviewing China’s foreign-exchange holdings had recommended slowing or halting purchases of US Treasuries, citing people familiar with… Please follow and like us:

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Another Sign Of Cryptocurrency Regulations?

The noose of regulation seems to be closing around the Medusa’s head-like neck of cryptocurrencies. After months of monitoring by various agencies, the financial services panel of the Senate will meet top market regulators early in February to discuss bitcoin and other cryptocurrencies, as well as the possible risks their trading poses, Reuters reported Wednesday. Citing… Please follow and like us:

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Walmart Joins Bonus Bandwagon with $1,000 Checks

Walmart, the nation’s largest employer, said Thursday it will raise its minimum wage to $11 per hour, expand maternity leave options for workers and give $1,000 bonuses to hourly employees, based on their years of service. The bonus announcement comes as corporations and small businesses prepare for a corporate tax cut and a reduction in taxes… Please follow and like us:

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Merrill Lynch Bans Bitcoin Trading

Wealth management firm Merrill Lynch has blocked all of its clients and financial advisers who manage money for clients from trading Bitcoin over fears of instability relating to the cryptocurrency, the Wall Street Journal reported. The ban will keep the firm’s nearly 17,000 financial advisers from suggesting Bitcoin-related investments and advises against client requests to invest… Please follow and like us:

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More Businesses Raise Wages, Give Bonuses in Wake of Tax Cuts

More businesses are announcing bonuses, higher minimum wages, and new benefits for employees after passage by Congress of Republicans’ tax reform bill. An email from House Speaker Paul Ryan’s press office highlights 33 businesses—including Aflac, Associated Bank, and PNC Bank—that have announced raises, bonuses, and other improvements for employees. In moves that may defuse efforts to… Please follow and like us:

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Xi’s China rising, Trump’s America waning

In less than a year in office, US President Donald Trump has managed to alienate more allies and provoke more enemies faster and more decisively than any of his predecessors in recent history. All of a sudden, we face the simultaneous threats of war from the Korean Peninsula to the Middle East. Meanwhile, US’ chief rival,… Please follow and like us:

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4 Big Signs of a Trump Economic Recovery

The economic numbers clearly have improved on President Donald Trump’s watch, with unemployment down and consumer confidence stronger. “We are just getting started,” @POTUS says. “Economic growth has topped 3 percent,” Trump said Thursday at a White House event while addressing his administration’s reduction in regulations. “Two quarters in a row, except for the hurricanes, we… Please follow and like us:

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These Are the Biggest Threats to Investors, State Regulators Say

State securities regulators will be busy policing new and emerging scams in the new year. The North American Securities Administrators Association has just released its annual survey of state securities regulators’ top five current investment practices, products or schemes they’ve encountered over the past year as well as what they see as “emerging” threats in the… Please follow and like us:

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SOCIAL MEDIA – Former execs say Facebook ‘exploits’ psychology to addict users

Facebook responded Tuesday to criticisms from a former executive who said the social media giant’s addictive nature was “ripping apart the social fabric”, saying it was working to understand the platform’s effects on “well-being”. The social media giant issued its statement after Chamath Palihapitiya, a former Facebook vice-president for user growth between 2007 and 2011, said… Please follow and like us:

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Boom times arrive for city’s headquarters economy

Strategists burn the midnight oil, as they map out their national expansion projects The corporate headquarters economy is booming in Guangzhou, according to the city’s commission of commerce, with 287 of the Fortune Global 500 top companies this year hatching a record 921 projects in the city to expand their operations in China. Among them, at… Please follow and like us:

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Free trade studies agreed on as Li meets with Canadian PM Trudeau

Premier Li Keqiang and Canadian Prime Minister Justin Trudeau meet the press after the second meeting of the Annual Dialogue between the Chinese premier and the Canadian prime minister in Beijing, Dec 4, 2017. [Photo/Xinhua] China and Canada are willing to conduct feasibility studies toward a free trade agreement in an open and pragmatic manner, Premier… Please follow and like us:

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Navy Begs For Two-Year Budget (Not 2 Weeks)

Richard Spencer, Navy Secretary, at the Newseum WASHINGTON: Congress should strike a budget deal to fund the federal government for at least two years, the Secretary of the Navy said today. The armed forces and defense industry need at least 24 months of predictable, stable funding so they can make investments and operate efficiently, Richard Spencer… Please follow and like us:

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Americans Are So Over the Financial Crisis … Or Are They?

A decade after the Great Recession, Americans say that the event had no impact on their lives — yet their spending and investing behaviors tell a different story, according to new data from Hartford Funds. According to a survey of 1,006 American adults, 40% of respondents said that the financial crisis had no impact on their… Please follow and like us:

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