Markets News 

CBO: Deficit would spike, premiums would rise if Trump ends Obamacare subsidies

“Premiums would rise, more insurers would leave markets in the immediate future and the federal budget deficit would soar if President Donald Trump were to cease funding a key set of Obamacare subsidies, according to the bipartisan Congressional Budget Office” writes Dan Stefano for thebostonchannel.com. Cost-sharing payments reimburse insurers for subsidizing out-of-pocket costs for lower-income people.The CBO’s report, “The Effect of Terminating Payments for Cost-Sharing Reductions,” is contingent on how the policy would be implemented, but it offers a rough scenario if Trump follows through on his threats to stop…

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Markets News 

Smartphone repair service CellSavers rebrands as Puls, raises $25 million to expand into the smart home

“CellSavers, a company specializing in on-demand repairs for mobile devices, has announced a name change and a fresh $25 million in funding as it looks to expand into all manner of domestic digital repair services” writes Paul Sawers for venturebeat.com. The $25 million round of funding was led by Red Dot Capital Partners, with participation from new investors, including Samsung’s emerging technology fund Samsung Next, Maverick Ventures, and Kreos Capital.In the process, the company has raised around $18 million in funding from such notable backers as Sequoia Capital and Carmel Ventures.To…

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Crypto Markets News 

Bitcoin Price Watch; Hedging The Decline

“Looking the other way, if we see price break above resistance, we are going to enter a long trade towards 4075” writes unknown author for newsbtc.com. As we noted in this morning’s coverage, we were well overdue a near-term correction in the bitcoin price and so long as wider markets don’t panic and sell off their longer-term holdings in anticipation of a deeper decline, everything will be all right. Source: newsbtc.com Share This:

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Markets News 

Obamacare is about to get some much-needed good news

“Centene is a relative success story in the Obamacare markets, using their slimmed down Medicaid-like plans to net profits in the exchange business” writes Bob Bryan for businessinsider.com.au. PT. The void was created after health insurer Anthem pulled out of the 14 counties on August 7, citing uncertainty surrounding the future of the Obamacare markets.Nevada Governor Brian Sandoval will announce that Centene, a low-cost health insurer, will enter the Obamacare markets in 14 rural Nevada counties that previously had no insurer for 2018, according to the Nevada Independent.President Donald Trump…

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Markets News Stocks 

U.S. stocks eye opening gains as North Korea pulls back on Guam threat

“Other markets: Stocks in Asia closed mostly higher, while European markets marched higher on continued North Korea relief” writes Markets Reporter for marketwatch.com. The gains come after an upbeat close on Monday, when the S&P 500 index SPX, +1.00%  gained 1% for the first time in three months as the verbal standoff between the U.S. and North Korea cooled off. Source: marketwatch.com Share This:

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Markets News 

European investors to return to equities as North Korean tensions show signs of subsiding

“European markets are on track to open higher Tuesday as tensions between the U.S. and North Korea show signs of subsiding, prompting investors to return to riskier assets” writes Karen Gilchrist for cnbc.com. Asian markets moved higher on the news, while U.S. stocks posted their best day of the summer during Monday trade. Source: cnbc.com Share This:

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Crypto Markets News 

Bitcoin has broken $4,000

“Elsewhere in the cryptocurrency space, Bitcoin Cash, the new cryptocurrency that was split off from bitcoin at the start of the month, is also rallying strongly” writes Oscar Williams-grut for businessinsider.my. The price of bitcoin broke through $4,000 per coin for the first time on Sunday and is posting new records on Monday.Bitcoin crossed the $4,000 mark at close to 1.00 a.m. on Sunday.Bitcoin Cash is up 2.88% to $307. The digital currency is up 6.68% to $317.49 on Monday morning. Source: businessinsider.my Share This:

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Markets News Stocks 

Jeff Reeves: Why ‘America first’ isn’t your best investment idea

“Strong second-quarter results included 22% earnings growth in Japan and 13% earnings growth in Europe” writes Jeff Reeves for marketwatch.com. According to a recent report from J.P. Morgan Cazenove, global earnings growth should hit double digits in 2017 — the first such occurrence since 2011.One big headwind to emerging markets over the past couple of years has been the strong U.S. dollar DXY, +0.25% which increases borrowing costs significantly for emerging markets.Global growth is looking up Aside from regional specifics, it’s important to remember that no country or continent can…

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Futures Markets News Stocks 

Dow futures flirt with 100-point gain as North Korea fears put on back burner

“See: North Korea could take back seat as stocks face big week for consumer data” writes Markets Writer for marketwatch.com. U.S. stock futures gained early Monday, with Dow futures at times trading higher by more than 100 points, signaling a rally for the blue-chip gauge after last week’s 234-point fall that was driven in part by North Korea fears.Dow Jones Industrial Average futures YMU7, +0.43%  were recently up by 93 points, or 0.4%, to 21,941, after earlier showing a rise of 106 points. Source: marketwatch.com Share This:

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