News 

Pence meets Jordan king on trip clouded by Jerusalem move

“Arab and Muslim nations support the Palestinians’ claim to east Jerusalem, and the Trump administration’s shift ignited protests across the region” writes Salah Malkawi for cnbc.com. Israel views Jerusalem as its unified capital, while the Palestinians demand east Jerusalem, which was captured by Israel in the 1967 Mideast war, as the capital of their future state. Source: cnbc.com Share This:

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Washington Gov. Inslee signs capital budget, water bill

“Jay Inslee signed the so-called Hirst water fix privately in his office, followed by public signings of the budget and accompanying bonds bill later in the afternoon” writes Rachel La Corte for seattletimes.com. Inslee signed the so-called Hirst fix privately in his office, followed by public signings of the budget and accompanying bonds bill later in the afternoon.Jay Inslee on Friday signed a $4.2 billion capital budget that pays for construction projects across the state, as well as a compromise bill on a contentious water issue that had stalled the…

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Automakers Rev Up Venture Capital Engine With 38 Investments in 2017

“As such, automakers are hitting the venture capital highway in droves” reports pymnts.com. Peck is confident this will happen: “We believe they have the capability to quickly make self-driving, autonomous taxis in residential communities a reality,” Peck said in an announcement.In the rideshare arena, InMotion, Jaguar Land Rover’s venture capital arm, invested $25 million in a $600 million funding round for Lyft in 2017. Source: pymnts.com Share This:

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Deal reached on Washington state capital budget, rural water dispute

“New money for local water and sewer projects, school construction, mental-health facilities and other construction across Washington state have been on hold since lawmakers adjourned last year without approving the capital budget” writes The Associated Press for seattletimes.com. SEATTLE (AP) — The state Legislature approved more than $4 billion in construction projects across the state after reaching a deal on a contentious water issue that had stalled the capital budget for months.Lawmakers also approved a $4.2 billion construction spending plan that includes money for major projects across the state, including…

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Markets News 

Got the flu? Investing in these companies may make you feel better

“For example, an active flu season drove prescribing in 2013, while a weak flu season in late 2011 and early 2013 did the opposite, Raymond James analysts noted in a recent report” writes Emma Court for marketwatch.com. That demand is also expected to continue “as experts anticipate flu season getting worse over the next couple months,” RBC Capital Markets analyst George Hill said.However, flu-related business won’t necessarily be profitable across the board, RBC Capital Markets analyst Frank Morgan said. Source: marketwatch.com Share This:

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Crypto News 

French cryptocurrency storage startup Ledger raises $75 million

“Draper Esprit CEO Simon Cook said: “Blockchain, as evidenced by crypto assets, is a truly revolutionary technology” writes Oscar Williams-grut for businessinsider.com. Founded in 2014, the company has sold over 1 million of these devices since launch and is already profitable.Paris-based Ledger makes so-called “cold storage” devices for cryptocurrencies, allowing people to store their digital assets on offline hardware away from the reach of hackers. “Covering >20 coins/tokens including Bitcoin, Litecoin, Ether, Ledger also serves other secure blockchain use cases in autonomous vehicles and IoT, for instance,” Rumph wrote. Source: businessinsider.com Share…

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Crypto News 

Speculative bubble is bursting and has a long way to fall, economists warn

“Bitcoin has all the hallmarks of a classic speculative bubble and even after almost halving in value in a matter of weeks it still has further to fall, according to a leading team of economists” writes Martin Farrer for theguardian.com. The currency’s volatility has alarmed regulators around the world and suggestions that it could be banned triggered the latest falls.As regulators in South Korea again signalled on Thursday that they were considering a ban on cryptocurrency exchanges, Capital Economics also dismissed claims that bitcoin and its imitators could replace established…

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GE to take $6.2-billion charge tied to GE Capital

“General Electric is taking a $6.2-billion after-tax charge in the fourth quarter tied to its review and reserve testing of GE Capital’s runoff insurance portfolio” writes Associated Press for latimes.com. Flannery reiterated that the focus of the Boston company remains on making GE Capital “smaller and more focused.”. GE said last year that it would review its insurance reserves, particularly long-term polices generated by primary insurers, which were then re-insured by GE Capital and the holdings of its North American Live and Health. Source: latimes.com Share This:

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