Bitcoin: IRS says ‘Less than 100 people have reported holdings so far’

Bitcoin: IRS says ‘Less than 100 people have reported holdings so far’

Bitcoin: IRS says ‘Less than 100 people have reported holdings so far’ $BTCUSD The Big Q: What will be the impact of last years digital currency boom be on US tax payers? Notably, Germany has declared Bitcoin Tax Exempt. In Y 2017, cryptocurrencies became among the very trendiest investment opportunities. And, after much debate and […]

President Trump’s Tax Reform has Consumer Sentiment Jumps at 14-Yr Highs

President Trump’s Tax Reform has Consumer Sentiment Jumps at 14-Yr Highs

President Trump’s Tax Reform has Consumer Sentiment Jumps at 14-Yr Highs US consumer sentiment in March unexpectedly jumped to a 14-year highs after tax cuts boosted disposable incomes, while new tariffs boosted inflation expectations and dimmed the outlook, a University of Michigan (MSI) survey showed Friday. Highlights of Michigan Sentiment (March, Preliminary) Sentiment index rose to […]

IRS Taps Bitcoin Traders’ Exchange Data Pool

IRS Taps Bitcoin Traders’ Exchange Data Pool

IRS Taps Bitcoin Traders’ Exchange Data Pool $BTCUSD Coinbase Inc., an online exchanges for digital currencies, has warned thousands of its customers that it will be reporting their financial data to the US tax officials. The request was part of a probe by the Internal Revenue Service (IRS) into alleged tax evasion and advoidence. The […]

Gold Rose Toward Largest Annual Gainer Since 2010 on Weakened USD

Gold Rose Toward Largest Annual Gainer Since 2010 on Weakened USD

Gold Rose Toward Largest Annual Gainer Since 2010 on Weakened USD $GLD, $SLV, $USD Gold extended its rally to a 3-month high last Friday, running toward its biggest 1-year rise in 7, as a softening USD, political tensions and dampened concerns over the impact of US interest rate hikes played into its rally. Gold’s gains […]

Japanese Yen (¥) Unmoved By Huge Manufacturer Gains

Japanese Yen (¥) Unmoved By Huge Manufacturer Gains

The Japanese Yen was steady against the US Dollar Monday, despite a survey of big manufacturers which found them more cheerful than they’ve been for more than three years and seemed to underscore the Bank of Japan’s relative economic optimism. The official ‘tankan’ survey for this year’s second quarter showed large manufacturers’ sentiment at 17, its […]

The Tech Sector is Hot, People Want Exposure, Money Flows

The Tech Sector is Hot, People Want Exposure, Money Flows

The Tech Sector is Hot, People Want Exposure, Money Flows $QQQ, $SPY, $FB, $AAPL, $AMZN, $NFLX, $GOOG Friday. the top-weighted technology sector (-3.4%) pushed the major averages down Friday afternoon but the S&P 500 show a loss of just 0.1%. Technology shares have led US stocks to record highs and are expected to continue to […]

Gold’s Price Rise Triggers Mining Stocks’ Rally

Gold’s Price Rise Triggers Mining Stocks’ Rally

Gold’s Price Rise Triggers Mining Stocks’ Rally $GDX, $SBLG, $GFI, $NEM, $EXCFF Just about a week ago it looked like Gold’s Y 2017 rally was running out of steam, and in danger of losing sight of the psych mark at 1,200 oz. A number of major Gold stocks which had outperformed the precious Yellow metal […]

Does Your Brain Get in the Way of Savvy Money Decisions?

Does Your Brain Get in the Way of Savvy Money Decisions?

Does Your Brain Get in the Way of Savvy Money Decisions? When it comes to money, many people make bad decisions. That is not because contributing to a 401(k) requires a PhD economy, it is often because the human brain is hard-wired to prioritize short-term money gains Vs long-term benefits. “Traditional economic theory suggests that […]