Markets News Stocks 

End of an era as Hong Kong stock trading floor set to close

“The shutdown marks the end of an era for the stock market, which symbolized the city’s ascent as an Asian finance hub” reports foxbusiness.com. Hong Kong Exchanges stopped updating stats for floor trading in 2014, when it accounted for less than 1 percent of monthly turnover.”Hong Kong is one of the world’s financial centers, but if we don’t have the stock market trading hall, it will be a little sorrowful.He and the other few floor traders left have been moving out ahead of the closure.Hong Kong’s last remaining stock market…

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President Trump’s false claim that insurance companies ‘have made a fortune’ from Obamacare

“In 2014, insurance companies lost $3.6 billion, in 2015 $6 billion and in 2016 $4.7 billion, according to the analysis” reports washingtonpost.com. Contrary to the president’s claims, the insurance companies are not reaping billions off the Obamacare exchanges; they are losing billions.So why does the president say the insurance companies are making “a fortune” from Obamacare?. The insurance companies have absolutely taken advantage of this country and our people.We have explained before that CSRs are not a bailout for insurance companies. Source: washingtonpost.com Share This:

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Trump just made a huge move that could blow up Obamacare

“Some health-policy experts have said that without the payments, the individual insurance exchanges could be devastated as insurers leave and premiums skyrocket” writes Bob Bryan for businessinsider.sg. After multiple failures by Republicans to pass legislation to overhaul the US healthcare system, Trump has pursued measures to undermine the stability of the ACA, the landmark healthcare law also known as Obamacare.The Trump administration has kicked the can down the road on the appeal and appropriated the payments on a monthly basis, attempting to use them as leverage in multiple negotiations with…

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Crypto News 

Coinbase Finally Enables Instant Cryptocurrency Purchases With US Bank Accounts

“In the case of Coinbase, they now finally allow instant purchases of Bitcoin through bank transfers” writes Jp Buntinx for livebitcoinnews.com. This will help one of the largest Bitcoin exchanges grow even further.Coinbase is one of the biggest cryptocurrency exchanges in the world.It is always good to see cryptocurrency exchanges improve their services. Source: livebitcoinnews.com Share This:

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Crypto News 

Bitcoin price hits another record high above $5,800, now up 480% this year

“Holders of bitcoin will automatically receive bitcoin gold, which is essentially “free money.”” writes Arjun Kharpal for cnbc.com. Bitcoin hit another record high on Friday, continuing the rally seen in the previous day amid renewed bullish sentiment from investors.But profit taking from investors saw the bitcoin price fall as low as $5,396 in the following hours.Another so-called “fork” is on the way, and this will create “bitcoin gold”.The price of the cryptocurrency hit an all-time high of $5,856.10 in the early hours of Friday morning, according to data from industry…

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Crypto News 

Bitcoin Just Smashed Through the $5,000 Barrier Again. Here’s Why

“But for investors who held their nerve, the crash may as well have never happened” reports fortune.com. Remember bitcoin’s big crash in September?. It was caused by Chinese regulators cracking down on the cryptocurrency and figures such as Jamie Dimon talking it down.Japan, too, recently started keeping cryptocurrency exchanges under a watchful eye in order to stop bitcoin’s misuse, but its licensing scheme for exchanges also pointed to the cryptocurrency’s slow move toward the mainstream. Source: fortune.com Share This:

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How Trump’s Executive Order Might Raise Costs for the Sick

“This executive order might change that, allowing association health plans to follow much looser rules” writes Olga Khazan for theatlantic.com. There are challenges to expanding the use of association health plans, says Gary Claxton, vice president with the Kaiser Family Foundation.Short-term plans “draw in healthy people and spits them back into the marketplace when they’re sick,” Claxton said.It’s not yet clear from the order whether self-employed people are considered “small businesses” and would be allowed to buy association health plans.The far bigger shakeup could come from lifting limits on short-term…

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Crypto News 

Japan’s Financial Services Agency has approved 11 companies as operators of cryptocurrency exchanges

“The Japanese government recognized bitcoin as legal tender in April and required cryptocurrency exchange operators to register with it” writes Min Read for reuters.com. The move was aimed at avoiding a repeat of the failure in 2014 of Tokyo-based Mt Gox, the world’s largest bitcoin exchange at the time.REUTERS/Benoit Tessier/Illustration/File Photo TOKYO (Reuters) – Japan’s Financial Services Agency said on Friday it has approved 11 companies as operators of cryptocurrency exchanges, in a move that sets the country apart from its neighbors which are tightening their grip on virtual money.Beijing…

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