Crypto News 

Paying taxes on bitcoin isn’t nearly as hard as it sounds

“Disclaimer: This article is not a comprehensive list of how to pay taxes if you bought and sold bitcoin this year” writes Chris Weller for businessinsider.com. The breakdown is as follows: Taking all that into account, consider a sample bitcoin investor who makes $75,000 a year.Short-term gains are taxed like regular income, so the rate is equal to your federal income tax bracket.But as tax season approaches, it may not be immediately clear how the IRS imposes taxes on bitcoin: Are the gains considered income?. With some help from financial…

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News Oil 

Canola oil could cause weight gain and memory loss

“While foods like berries and salmon seem to stave off the disease, canola oil could be making it worse” writes Holly Van Hare for sun-sentinel.com. The new results are calling into question previous recommendations of canola oil as a healthful alternative to saturated fats.According to a recent study conducted on mice, just two tablespoons of canola oil per day can cause weight gain and severe progression of Alzheimer’s disease.Canola oil is often used for sautéing, baking, and other forms of cooking in the household and at restaurants.After six months on…

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Futures News Stocks 

Nasdaq flirts with weekly gain as tech futures lead U.S. stocks higher

“Technology stocks were poised to continue their push higher on Friday, as Nasdaq futures outperformed the other major benchmarks, giving the tech sector a chance to turn higher for the week” writes Markets Reporter for marketwatch.com. The rebound in tech stocks that started on Wednesday looked set to continue on Friday.The tech-heavy index on Thursday closed 0.5% higher, trimming its weekly loss to 0.5%.That means the benchmark could erase its weekly loss, if the optimism in the futures markets persists. Source: marketwatch.com Share This:

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News 

Corporate giants’ moves indicate shareholders, not workers, may gain most from tax cut

“With the corporate tax cut nearing final approval, Home Depot is far from alone in its buyback plans” reports washingtonpost.com. With extra cash freed up by the corporate tax cuts, buybacks could top the record value of $172 billion set in the third quarter of 2007.House and Senate conferees are working to reconcile competing tax cut packages in hopes of sending Trump a final bill before Christmas.The disappointing prospects for corporate investment echo prior tax-cutting episodes.The retailer’s announcement, which included no major hiring, was just the latest indication that the $1.5…

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Markets News Stocks 

Household wealth climbs $1.7 trillion on stock market, house price advances

“What happened: The stock market rally continued in the third quarter, and that $1.1 trillion gain was the big driver of the gain in net worth” writes D C for marketwatch.com. As the Federal Reserve prepares another rate hike, companies have 27.65% of their debt in short-term borrowings.To the extent the rise in household wealth helped middle-income families, it’s through the rise in real estate values. Source: marketwatch.com Share This:

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GBP News 

Dollar clings to gain against loonie after Bank of Canada strikes dovish tone

“The dollar was helped by the sudden turn in the loonie, as the Canadian dollar is also known” writes Markets Reporter for marketwatch.com. The U.S. dollar extended a modest gain against its rivals on Wednesday, and turned higher against the Canadian dollar after the Bank of Canada left interest rates unchanged and sounded more cautious than anticipated on future interest-rate increases.The buck rallied against the Canadian dollar USDCAD, +0.8592% buying C$1.2798, its highest level in three days, compared with C$1.2687 on Tuesday, after the Bank of Canada’s comments.The corporate AMT…

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Crypto Markets News 

finance.yahoo.com/news/12-000-ri…

“According to CoinDesk’s Bitcoin Price Index (BPI), the price of the world’s largest cryptocurrency by market capitalization is trading at $12,201.67 at press time” writes Stan Higgins for yahoo.com. The move above $12,000 also notably pushes bitcoin’s market capitalization beyond $200 billion for the first time, the BPI shows.The price of bitcoin has risen above $12,000 for the first time.As previously reported, markets had been eyeing the $12,000 earlier today when the price of bitcoin traded between $11,400 and $11,800.This represents a gain of just over $500 since the day’s…

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News Stocks 

Facebook will lead a surge in tech stocks next year with a 30% gain, Evercore ISI says

“To be sure, the analyst’s $210 price target does spell meaningful, 14 percent upside for the company over the next year” writes Scott Eells for cnbc.com. His $1,350 price target reflects 18 percent upside over the next 12 months.By issuing a $225 price target on Mark Zuckerberg’s social media giant Facebook, the analyst believes that the company’s shares will rise 30 percent over the next year.”Today’s leading tech companies are leveraging the internet to disrupt and take profits from large established industries, a dynamic that is driving real earnings and…

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News 

U.S. third-quarter productivity gain left at 3%

“Productivity rose by an average of just 1.2% from 2007 to 2016, below the average 2.6% gain from 2000 to 2007” writes Jeffry Bartash for marketwatch.com. What happened: The increase in third-quarter productivity was the strongest in three years, but part of the gain likely stemmed from how a trio of major hurricanes in the fall distorted the government’s calculations.Economists polled by MarketWatch had expected productivity to be reset at 3.3%.The numbers: The increase in productivity of American firms and workers was unchanged at 3% in the third quarter under…

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