Top prosecutors from a group of US states are readying a joint investigation into whether major technology firms have violated antitrust law, the Wall Street Journal reported Monday. The alliance of state attorneys general could formally announce next month that they are delving into whether leading internet firms and technology platforms have used their clout […]
Today, the U.S. Food and Drug Administration issued a proposed ruleto require new health warnings on cigarette packages and in advertisements to promote greater public understanding of the negative health consequences of smoking. The proposed warnings, which feature photo-realistic color images depicting some of the lesser-known, but serious health risks of cigarette smoking, stand to represent […]
The support for cannabis legalization is growing every year as more countries continue to explore opportunities within the cannabis industry. In particular, the North American region is witnessing an immense swelling of support for legalization. For instance, last year Canada’s federal government decided to legalize adult-use cannabis, making it the second nation to ever do so. Now, […]
Singapore further cut its annual growth forecast on Tuesday as the escalating US-China trade war hammers exports, in another ominous sign for Asia’s trade-reliant economies. The government said it expected growth of 0.0-1.0 percent this year, sharply down from the 1.5-2.5 percent previously estimated, marking the second downward revision this year. The economy expanded 3.2 […]
Bitcoin (BTC) Seems Out of Favor In Here $BTCUSD The world’s biggest cryptocurrency is off more than 5% in the last week, now trading just below 7,700. Despite the latest decliner, 1 cryptocurrency trader says the sell-off is temporary. “Bitcoin has had a pretty good run from 5,800 up to 8,400ish”. So, while it might […]
Strong US Economic Growth Is Sustainable $DIA, $SPY, $QQQ, $RUTX, $VXX Friday, the White House chief economic adviser Larry Kudlow said strong economic growth is sustainable and will continue. President Donald Trump hailed the 4.1% Q-2 growth rate as proof that “we’ve accomplished an economic turnaround of historic proportion.” “I don’t think this is the end of […]
US Economy: Big Q-2 GDP Numbers are Expected $DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, investors will receive the 3rd estimate for Q-2 GDP +the weekly Initial Claims report. US Treasury Secretary Steve Mnuchin says he’s expecting a “big Q-2 GDP number.” Secretary Mnuchin said on TV Wednesday, that the US economy is strong due to President […]
World Health Organization Found Inadequate Evidence That Coffee Causes Cancer California Moves to Declare Coffee Safe From Cancer Risk California officials bucked a recent court ruling Friday and offered reassurance to concerned coffee drinkers that their fix will not give them cancer. The unprecedented action by the Office of Environmental Health Hazard Assessment to propose […]
Coins/Tokens: Security Vs Utility $BTC, $ETH Cryptocurrencies and Coins/Tokens has not been for the feint of heart. What with the volatility, changes on the market, plus some fraudulent projects makes for a lot of things to worry about. And now some coins/tokens are considered as securities and became subject to US federal regulations. In July […]
“Regulation of Social Media Firms Is ‘Inevitable’” $FB Facebook (NYSE:FB) CEO Mark Zuckerberg told a House oversight panel Wednesday that he believes it is “inevitable” there will be regulation of the social media industry and also disclosed to lawmakers that his own data was included in the personal information sold to malicious third parties. “The […]
Bitcoin Finished Up a Bit, Stocks Finished Down a Lot $BTCUSD Monday, Bitcoin prices rallied above $7,000 Monday after falling 25% last week, as major US stock markets fell. The world’s largest digital currency gained more than $500 from Easter Sunday, according to data from CoinDesk. Bitcoin hit a high of $7,108.20 Monday, and later dropped […]
Bitcoin, a Look at Where it is Going… $BTCUSD Saturday, Bitcoin finished + 1.61% at $6,950 then opened lower at $6,450.25 early Monday overseas. Currently, Bitcoin is trading at: 6,879.0049,+19.6797 or +0.29% as of 6:37a BST, the market is open. Saturday’s rise leaving Bitcoin off 17.8% from last Monday’s open through to Saturday’s close. For the Quarter and […]
IMF’s Christine Lagarde Urges Bitcoin Regulation $BCTUSD Regulation of Bitcoin and other cryptocurrencies must be considered now, Germany’s Bundesbank vice president Claudia Buch told Reuters Sunday, though she does not believe they pose a threat to financial stability. Ms. Buch said that speculation on volatile virtual coins and tokens does not pose a systemic threat […]
On The Crypto Age $BTCUSD At 1st when you heard of cryptocurrency and did an ICO (initial coin offering) then it was not a security and did not need to be registered with the US Securities and Exchange Commission (SEC). That did not last long Regulators and securities lawyers started looking at the ICOs getting […]
Bitcoin US Vs Bitcoin Asia $BTCUSD Bitcoin and the other major cryptocurrencies rebounded after a steep mid-week selloff on concerns about regulatory crackdowns in SKorea. After briefly dipping to near $9,000 during the week, Bitcoin traded near $12,000 on Friday as investors turned their attention away from Asian government crackdowns and focused on some new cryptocurrency-related options […]
America is Thriving, as The ‘Trump Effect’ Gains Traction $GS, $MCO Companies across the USA are enjoying a major boost from The Trump Administration’s tax reform package, which is expected to translate into job creation and higher wages, according to a new report. Goldman Sachs Group Inc. (NYSE:GS) economist Jan Hatzius, predicts GDP growth and […]
Taxation Kills Australia’s Auto Sector Weak politicians and hideous taxation has killed yet another Australian business. Companies are taxed at a flat rate of 30%. It doesn’t stop there, Australian employers after getting whacked with hefty payroll tax must pay the superannuation guarantee, a minimum of 9.5 per cent of their employees’ earnings, into a […]
Bitcoin’s Rally Flying in the Face of Central Bank Regulation $BTCUSD Wednesday, Bitcoin is trading at 3938+, rising about 20% from the lows marked last Friday, as concern eases that a crackdown by Chinese regulators will hinder the growth of the alternative method of exchange. After marking a record high at 4,921 on 1 September, […]
Lots of “Fast Growth” Ahead for the US Economy $DIA, $SPY, $QQQ, $VXX Economists and pundits daily nay-say President Donald Trump’s economic agenda and forecast of 3% growth as fantasy. The consensus is that the economy “can’t possibly grow at 3%,” according to The Wall Street Journal. “Slow growth is the new norm, so get […]
President Trump Right on Tax Reform, Slashing Regulation & Government Spending President Donald Trump has the right ideas about cutting taxes, regulation, and government spending. “If we want faster growth, the only recipe that gives you faster growth in the long run is increasing the productivity, the efficiency of your economy: Getting more output from […]
Poll: Optimism Among Small-Business Owners Soars on the Trump Effect $GE, $CAT, $F US small-business owners are the most optimistic they have been since July 2007, according to the latest Wells Fargo/Gallup Small Business Index. The overall index is now at 100, up 20 points since November and up 33 points from 1 year ago. […]
Donald Trump Scaling Back Hussein-Obama’s Business Regulatory System $DIA, $SPY, $QQQ US President Donald Trump orders a sweeping review of the Dodd-Frank Act rules enacted in response to the Y 2008 financial crisis, signing an executive action Friday designed to significantly scale back the overburdening business regulatory system put in place in Y 2010. President […]
Judge Andrew Napolitano, “Democrats are no longer laughing at Trump” President Donald Trump has committed the most revolutionary act I’ve seen in 45 years Within four hours of becoming president of the United States, Donald Trump signed an executive order intended to limit immediately the effects of the Patient Protection and Affordable Care Act […]
Congress Giving President Donald Trump Tools “to wipe out abusive regulation” Wednesday, Republicans passed a bill in the House of Representatives that touched on nearly every step US agencies take in creating and applying new rules, continuing their blitz to radically reform “abusive” federal regulation of areas from the environment to the workplace. In a […]
The Trump Rally Extends, DJIA in Record Territory “Again” $DIA, $SPY, $QQQ, $VXX Donald Trump’s promises to ramp up infrastructure spending and ease banking regulations are driving the DJIA North of the broader market. The DJIA drove to a fresh record Tuesday as the S&P 500 Index hangs 1.74 points below its all-time high and […]
Donald Trump’s Plan Will Ramp Up Growth in America When Donald Trump said last week that he will double the American growth rate, his skeptics scoffed. The left doesn’t think 4% growth is possible, because they never came close to that target under Barack Obama. But there is no law of nature or economics that […]
China’s Central Government Opens Up its Capital Market The volume of approved foreign institutional capital investing in China’s capital market picked up in October thanks to more opening-up policies. The accumulated volume of the approved Qualified Foreign Institutional Investors (QFII) program grew by US$2.7-B in October to reach about US$84.4-B as of 27 October. The […]
The US Economy is Fragile and Anemic in the Extreme $DIA, $SPY, $QQQ, $VXX If we were to believe US President Barack Hussein Obama and the Democrats nominee Hillary Clinton, the US economy is in great shape and safe from another financial crisis. And more liberal policies to better distribute the benefits would deliver Americans […]
Huge Risk Facing the Global Economy Global economy continued to face uncertainty and rising risks, Lou Jiwei, China’s Finance Minister, said on behalf of the G20 economies Friday. Uncertainty and risks, including elections in major economies, uncertain fallout of Brexit, rising expectation for rate hikes by the Federal Reserve, increased geopolitical risks and terrorist attacks, […]
Fed Official Cautions Colleagues on Raising Interest Rates $DIA, $SPY, $QQQ, $VXX Federal Reserve Bank of New York President William Dudley suggested the central bank should be cautious in raising interest rates, given limits on its ability to respond to a recession with borrowing costs close to Zero meaning out of tools. Noting concerns from […]
Donald Trump’s Fiscal Conservative Economic Plan Will Grow US GDP “Hillary Clinton’s economic plan will inhibit GDP growth.” Donald Trump’s economic plan will “significantly increase America’s real GDP growth rate” – resulting in trillions of dollars of additional revenues, according to a new study authored by iconic investor Wilbur Ross and Peter Navarro, a top […]
Entrepreneurship in America “Died” Under Obama $BAC The Y 2008 financial crisis buried US entrepreneurship, and it’s having a hard time coming alive again. A US economist at Bank of America Merrill Lynch (NYSE:BAC), recently said that the formation of new corporate firms and individual establishments has plunged since the financial crisis and remained low […]
Legal Cannabis Industry in the US Poised for Huge Growth $MO, $RAI, $COWN The legal cannabis industry in the US may grow to $50-B in the next 10 yrs, expanding to more than 8X its current size, as lawful marijuana sellers gain new customers and win over users from the illicit market, that according to […]
Donald Trump offers “the biggest tax revolution since the Reagan reforms” Monday in Detroit Donald Trump outlined his economic plan that he said will streamline the US tax code and lower the tax rate for working Americans, offering “the biggest tax revolution since the Reagan tax reform.” With a 55-min speech to the prestigious Detroit […]
Dying American Entrepreneurship is a National Emergency American entrepreneurship may well be dying a slow and undignified death. John Dearie, EVP for Policy at the Financial Services Forum said recently that, “New businesses are disproportionately responsible for the innovation that drives productivity and economic growth, and they account for virtually all job creation….I would say, […]
Regulators Cannot Protect The World From Financial Crisis “Much of it is very bad. Much of it gives so much power to the regulators that the bankers are unable to function,” Donald Trump said Dodd-Frank regulations. Yale University Economics Professor and Nobel Laureate Robert Shiller says that no amount of regulation can really protect the […]
Donald Trump, “Janet Yellen is Out if I Win.” Thursday, Donald Trump said that US Fed Chairwoman Janet Yellen will be out of a job in a few years if he is elected, and there is a “40% chance” that 1 of his former rivals for the GOP presidential nomination could be offered a new […]