News 

Monday Memo: Retail conference, housing data

“TODAY: Executives from scores of retailers gather in Seattle for the Future Stores conference through Thursday at the downtown Sheraton” writes The Seattle Times for seattletimes.com. They’ll hear from executives of Nordstrom, Starbucks, Microsoft and other local and national retailers and technology providers on store design and new retail models.But no one from Amazon — the local company that has had the most disruptive impact on retail over the last two decades — is on the agenda, though attendees will have a chance to tour the cashier-less Amazon Go store,…

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House expects to finish work on opioid bills, with eye toward Senate

“The House expects to finish passage next week on nearly 20 bills aimed at fighting the opioid epidemic, with an eye toward a conference with the Senate over the summer” reports washingtonexaminer.com. Democrats, however, say the bills won’t make a dent in the epidemic without more funding.He added that he believes the Senate is “moving towards a package,” noting that committees are working on their own legislation over the next week. Source: washingtonexaminer.com Share This:

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NBA free agency rumors: Rockets forward Trevor Ariza looking for $50-$60…

“Ariza, who spent the last four seasons with the Rockets, is set to be a free agent this summer” writes Sporting News for sportingnews.com. The 32-year-old forward is looking for a contract paying him $50 million to $60 million over the next four to five years, according to a report from USA Today’s Rockets Wire.Rockets big man Clint Capela will be a restricted free agent.Houston guard Chris Paul will also be an unrestricted free agent this summer. Source: sportingnews.com Share This:

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Markets News Stocks 

Here’s what 5 top Wall Streeters told a conference for big investors about the best parts of the market to own over the next year

“Additionally, he saw non-agency mortgages, floating-rate bank loans, and preferred stock as attractive because they would earn more coupon as short-term rates increase” writes Akin Oyedele for businessinsider.com. “When we look at investors outside sophisticated ones like endowments, allocations to real assets are generally pretty low,” he said.He cited growth stocks as his top recommendation, and urged US investors to look elsewhere for opportunities in emerging markets. Source: businessinsider.com Share This:

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Ex-Tesla employees reveal the cryptic ways they learned they were getting laid off

“Once his colleague left the conference room, she gathered her belongings and was escorted out of the building” writes Mark Matousek for businessinsider.sg. At the time, he said Tesla would review its third-party contractors, though he didn’t discuss specific plans to lay off employees. If you’ve worked for Tesla and have a story to share, you can contact these reporters at [email protected] and [email protected] Source: businessinsider.sg Share This:

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Iran to host Regional Conference on Population Ageing 2018

“United Nations Population Fund (UNFPA) Iran, Welfare Organization, and HelpAge International will coordinate to co-host the Regional Conference on issues relevant to population ageing in the Asia Pacific” reports tehrantimes.com. According to UNFPA, the day one of the conference assesses the trends in population ageing and family dynamics, as well as how communities and governments across Asia have responded.Some 7.3 million people in Iran are ageing, of which 3.7 million are women and 3.6 million are men, IRNA quoted Mohseni-Bandpey as saying. Source: tehrantimes.com Share This:

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Scientists at USGS face new scrutiny from interior secretary on research presentations

“In recent years, USGS employees have had to apply for travel approval through an online database” writes Sarah Kaplan for sun-sentinel.com. Scientists at the U.S. Geological Survey must now submit their presentation titles for review by the Interior Department to get approval to attend two major conferences, and they will have to identify how their research relates to Interior Secretary Ryan Zinke’s priorities.Bruce Babbitt, interior secretary during the Clinton administration, used stronger language: “It’s a form of censorship.”.  Source: sun-sentinel.com Share This:

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News Regulators 

Fed chairman’s message in ‘plain English’: The economy is doing great

“Federal Reserve Chairman Jerome Powell delivered a clear message Wednesday: The economy is doing great” reports washingtonexaminer.com. Following Wednesday’s monetary policy decision, Fed officials released upgraded economic projections showing that they expect growth in the gross domestic product to clock in at 2.8 percent this year.Powell began his press conference by saying that he wanted to speak in “plain English.” He then proceeded to do so by stating that the “main takeaway is that the economy is doing very well.He also said that, starting next year, he would hold a…

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