News Stocks 

Dash to cash? The selloff may have created bargains in these stocks

“The punishing past month for stocks worldwide has sparked a dash to cash” writes Markets Writer for marketwatch.com. It also may have helped create bargains in the cash-handling industry, where bulls see an encouraging—and underappreciated—push into higher-end services.But the market might be underestimating its cash-handling business. “We believe the cash assets are [about] 30% undervalued, relative to pure-play listed peers,” the UBS analysts wrote.G4S isn’t a pure play on cash handling, since it generates most of its revenue from providing private guards and other security services. Source: marketwatch.com Share This:

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News 

We studied thousands of people with student loans — here’s how much money they have

“We analyzed cash, investment, and debt balances based on anonymized data from in tens of thousands of applications for student loan refinancing” writes Priceonomics Data Studio for businessinsider.com. Despite their low net worth, dentists and osteopathic doctors also have high cash balances, averaging about $29,000 and $25,000 respectively. Source: businessinsider.com Share This:

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Chegg CFO Warns That Upcoming R&D Tax Rules Could Strain Cash Flow

“Companies will be required to capitalize and amortize R&D expenses over five years starting in 2022 under one such change” writes Ezequiel Minaya for wsj.com. Chegg, for example, spent $82 million on R&D out of total operating expenses of $194 million in 2017, Mr.The U.S. tax overhaul reduced the corporate tax rate to 21% from 35% previously, but also introduced new provisions and changes to existing rules that govern how much companies can deduct from their federal tax bills.Companies currently can elect to claim a tax deduction for the entirety…

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Boeing CEO says ‘getting closer’ to a deal with Embraer: CNBC

“Employees are pictured as the first Boeing 737 MAX 7 is unveiled in Renton Thomson Reuters (Reuters) – Boeing Co is “getting closer” to a deal with Brazilian aircraft maker Embraer , the U.S. plane maker’s Chief Executive Officer Dennis Muilenburg said in an interview with CNBC television on Thursday” reports businessinsider.com. “We have structured a deal concept that will satisfy the needs of everybody involved… Source: businessinsider.com Share This:

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Hyperinflation meets tech: Cash-scarce Venezuela sees boom in payment apps

“Some 18 private Venezuelan banks last year launched an electronic payment app for consumers” writes Midwest Communications Inc for 95kqds.com. Vippo, a Caracas-based payment app, saw a more than thirty-fold increase in the number of people registering last year.”This is the way to solve the cash crisis,” she says, pointing to a Vippo sign.”The cash crisis is getting worse every day but is giving us the opportunity to capture more and more transactions with our solution,” said Citywallet co-founder Atilana Pinon, 29.In tech hubs from San Francisco to Tokyo, payment…

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Crypto News 

GpuShack Drops Bitcoin Support in Favor of Bitcoin…

“Unsurprisingly, these currencies include Bitcoin Cash” writes Jp Buntinx for livebitcoinnews.com. Several companies have dropped Bitcoin payment support over the past few months.It’s good to see them stick with cryptocurrency as an option in general.Newly supported coins include Ethereum, Bitcoin Cash, and Litecoin.Whether any of these three currencies accepted by GpuShack fits that bill, remains to be seen. Source: livebitcoinnews.com Share This:

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Markets News 

Wall Street needs to brace for an even bigger inflation scare

“The cost of service has since stabilized, and data from as recently as Wednesday shows that inflation is picking up” writes Akin Oyedele for businessinsider.com. This was puzzling, since the textbook said prices should have been rising in a tight labor market and low unemployment environment.The cost of physicians’ services was another drag on inflation last year that could add to the base effect in a few months. Source: businessinsider.com Share This:

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The tech sector has $2 trillion in firepower to do deals — and now’s the time to strike

“The technology sector has seen the largest increase, doubling from $1 trillion to $2 trillion in available dealmaking cash” writes Alex Morrell for businessinsider.com. While it may be temping to “simply accumulate cash,” Citi says companies with large cash balances become prime targets for the likes of Nelson Peltz and Paul Singer.Nearly half of that is from megadeals larger than $5 billion — such as the $18.7 billion Keurig-Dr. Source: businessinsider.com Share This:

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Cash is King No More in German as Cards Gain Ground

“Both argued that allowing money to be held directly at a central bank would worsen bank runs at times of trouble” writes Min Read for reuters.com. A German government plan to push for an upper limit of 5,000 euros to cash payments met fierce resistance two years ago, including by the country’s own central bank.Germans and Austrians are the biggest users of cash among countries in the euro zone’s richer “core”, according to a recent study by the European Central Bank (ECB).But a survey of about 2,000 people by the…

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