Markets News 

It looks like Goldman Sachs is going to make money on one of the most controversial trades of the year

“Get the latest Goldman Sachs stock price here” writes Alex Morrell for businessinsider.com.au. Goldman Sachs inked the deal to legitimise and encourage trading of the controversial bonds, in hopes that prices will climb higher, the Journal reported.To be sure, Goldman Sachs is still holding a big chunk of the bonds, and the price could move up or down from here.Goldman Sachs has cashed out on a portion of the $US2.8 billion in Venezuelan bonds that the bank came under fire for purchasing from the cash-strapped country’s central bank back in…

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TOM LEE: The market will end the year lower — ‘we have a nominal GDP problem’

“I think the problem today is that market growth, the rise in the market has way been ahead of GDP growth” writes Kara Chin for businessinsider.com.au. Lee’s short-term concerns for the market revolve around nominal GDP which he expects to be at about 3% next year.So I think it’s really stretching valuations unless earnings really pick up.Tom, you recently cut your estimates on the S&P 500 and you’re saying the market will be lower, dare I say it, by the end of the year?.  Source: businessinsider.com.au Share This:

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Trump says ‘strategic patience’ with North Korea is over

“U.S. President Donald Trump said on Friday that North Korea’s nuclear and ballistic missiles program required a “determined response,” and that the era of “strategic patience” with North Korea’s government had ended” writes Tim Ahmann for businessinsider.com. “The era of strategic patience with the North Korean regime has failed. … Source: businessinsider.com Share This:

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The former US intelligence chief revealed a radical new approach to deal with North Korea

“In exchange, North Korea would get their own diplomatic presence in Washington D.C., and the US would require them to stop nuclear and missile tests” writes Alex Lockie for businessinsider.com. James Clapper, the former director of national intelligence, recently gave a speech detailing a somewhat radical new approach for how the US should deal with North Korea’s nuclear posturing while swiping at some elements of President Donald Trump’s approach to the situation. Source: businessinsider.com Share This:

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Forget Florida — here’s why you should consider retiring to Canada

“Here’s why you should consider Canada for retirement: The cost of living in Canada isn’t as low as what you see in developing countries” reports businessinsider.com. How to retire in Canada To enjoy the many privileges of retirement in Canada, you need to become a permanent resident.If you are looking for safety, and to have your rights respected, Canada is a good place to retire. Source: businessinsider.com Share This:

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Grand Theft Auto Online gets a new mulitplayer mode and supercar

“Grand Theft Auto Online is the multiplayer component of Grand Theft Auto V. Its online world and in-game store have kept Grand Theft Auto V a money-maker and top-seller long after its 2015 release” writes Mike Minotti for venturebeat.com. The success of GTA Online has helped publisher Take-Two make a lot of money in back-catalog sales and in-game transactions. Source: venturebeat.com Share This:

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Redfin files for IPO in search of new home on Nasdaq

“Last year, the company saw revenue grow by 43 percent to $267 million and its net loss decrease to $22.5 million from $30.2 million in 2015” writes Kevin Kelleher for venturebeat.com. Redfin says it has no specific plans for the IPO proceeds, but plans to keep the money in short-term investments for use in general corporate purposes, including technology and marketing.The company’s online agents use its technology to offer commissions it says are well below traditional brokerages. Source: venturebeat.com Share This:

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India pushes Microsoft for cheaper Windows 10 upgrades after cyberattacks

“The wide use of pirated Windows OS versions, which would not automatically receive security patches, exacerbate the vulnerabilities” reports venturebeat.com. Microsoft officials in India have “in principle agreed” to the request, Gulshan Rai, India’s cyber security coordinator, told Reuters over the phone on Friday. Source: venturebeat.com Share This:

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Markets News Stocks 

Stock market poised to kick off July 4th week with fireworks of its own

“It may be a holiday-shortened week in the stock market, but investors can expect plenty of fireworks to keep them on edge” writes Markets Reporter for marketwatch.com. Richard Hastings, macro strategist at Seaport Global Securities LLC, also believes the dramatic retreat in high-profile tech stocks will subside. “There’s just too much demand and the other sectors don’t have the futuristic talents that tech stocks enjoy,” he said.Meanwhile, investors can always count on President Donald Trump to animate markets, if the news cycle ebbs during the week.Against that backdrop, investors will…

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Doreen’s Deals: Top 10 retail pet peeves and customer service complaints

“The No. 1 name in the retail game is customer service” writes Doreen Christensen for sun-sentinel.com. I’m talking about poor customer service by chains and retail workers, and bad behavior by customers.A better system would be to send the customer to a dedicated employee to process the paperwork before checking out. 4. Source: sun-sentinel.com Share This:

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