News 

Hit to leading universities from new tax may be in tens of millions of dollars

“Some universities may have tens of millions of dollars fewer to spend on students due to a new tax on the returns of endowments” writes Matthew Sussis for marketwatch.com. The excise tax currently applies to about 27 colleges—with Ivy League schools such as Harvard, Princeton and Yale topping the list.However, only the excise tax on many university endowments was kept in the final legislation.The $1.5 trillion tax bill passed by Republicans in December and signed by President Donald Trump includes a 1.4% excise tax levied on the returns of any…

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Crypto Futures News Stocks 

Cryptocurrencies investor: ‘My neurons are fried … I’ll lose a million dollars in a day’

“Dow futures charge higher, with investors away for the U.S. holiday, gains are still potentially in line for Tuesday when they return, as the dollar slumps anew” reports marketwatch.com. But it may not be too late to ride the rally — you just have to buy energy stocks instead, strategists at J.P. Morgan says. Source: marketwatch.com Share This:

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Crypto News 

Blockchain and the Music Industry: Turning Pennies into Dollars

“Just about every industry has been significantly transformed in the past few decades” writes Irving Wladawsky-berger for wsj.com. But few have been as disrupted as the music industry.Everything seems to be changing at once, from the way content is produced and delivered, to the sources of revenue and profits.Digital technologies have literally turned dollars into pennies. Now, blockchain […].  Source: wsj.com Share This:

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Crypto News 

The one thing you need to buy a house with bitcoin

“Over 100,000 merchants worldwide accept bitcoin, including Microsoft, Expedia and at least one Subway sandwich shop” writes Alexander Demianchuk for cnbc.com. You just need one thing: For the buyer and seller to agree on exchanging bitcoin for the property.You can also buy a house with bitcoin, and it’s not as hard as you may think.The parties involved completed the transaction with BitPay, which turns bitcoin into dollars, because the seller wanted U.S. dollars, Olick reports. Source: cnbc.com Share This:

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Gold rallies on the dollars decline and moves back above $1300

“The move to the upside, has taken the price back above the 200 day MA (currently at $1270.82) and the 100 day MA (at $1287.34)” reports forexlive.com. Today, the price cracked the 50% of the move down from the 2017 high at $1297.08, the $1300 level and the high from October 16 at $1306.11.The high price today traded up to $1307.66. Source: forexlive.com Share This:

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Trump accuses Amazon of taking massive subsidies from the ‘Post Office’ — and it sets an ominous precedent for HQ2

“USPS subsidies are far from the only deal Amazon is brokering” writes Kate Taylor for businessinsider.com. “Why is the United States Post Office, which is losing many billions of dollars a year, while charging Amazon and others so little to deliver their packages, making Amazon richer and the Post Office dumber and poorer?”. He continued: “Should be charging MUCH MORE!” Trump appears to be referring to a deal that USPS has struck with Amazon, along with some other e-commerce retailers. Source: businessinsider.com Share This:

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Trump targets Amazon in call for postal service to hike prices

“The U.S. Postal Service is an independent agency within the federal government and does not receive tax dollars for operating expenses, according to its website” reports foxbusiness.com. “Why is the United States Post Office, which is losing many billions of dollars a year, while charging Amazon and others so little to deliver their packages, making Amazon richer and the Post Office dumber and poorer?.  Source: foxbusiness.com Share This:

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News Oil 

The Dark Bounty Of Texas Oil

“The grand story of Texas oil is really about three wells” reports newyorker.com. Houston personifies the Texas oil economy.Between January, 2015, and December, 2016, more than a hundred U.S. oil and gas producers declared bankruptcy, nearly half of them in Texas.In the nineteen-thirties, oil prices crashed, to the point that in some parts of the United States oil became cheaper than water. Maybe God, in His wisdom, will decide not to send Texas one more oil boom. ♦.  Source: newyorker.com Share This:

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Crypto Futures News 

Bitcoin Has Taken Another Tumble After South Korea Cracks Down

“The price of Bitcoin took yet another tumble as investors were spooked by the revelation that South Korean authorities were launching a fresh crackdown on cryptocurrency trading” writes Press Association for huffingtonpost.com. The measures have been floated as part of efforts to stamp out market speculation in a country that is believed to make up a significant portion of global cryptocurrency trading.Authorities in South Korea have reportedly put forward new legislation that would ban anonymous cryptocurrency accounts, stop banks from settling bitcoin exchange trades between parties that are unidentified, and…

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