News 

Border wall hits Senate snag

“Instead, GOP senators are considering a broader plan to improve border security through a combination of infrastructure, technology and enforcement” writes Susan Ferrechio for washingtonexaminer.com. But this year, he must contend not only with Trump, but with his own rank-and-file members who want border wall money included in the 2018 spending package.The author of the legislation, Senate Majority Whip John Cornyn, R-Texas, backs a border wall, but is advocating his comprehensive approach over an immediate infusion of money. Source: washingtonexaminer.com Share This:

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Money Laundering Risk Rises in Annual Index of Countries

“As businesses become increasingly digital, corporate boards are beginning to realize that technology expertise is a powerful asset, according to new Deloitte research” writes Samuel Rubenfeld for wsj.com. The analysis shows that the number of technology-focused board members in all public companies remains low, although it has increased over the last six years. Consider how CIOs and other business-savvy technologists can help corporate boards understand and oversee technology-driven initiatives and opportunities. Source: wsj.com Share This:

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Renaissance’s Medallion Made Stunning Shift After Trump Election

“The in-house gold mine, the wildly lucrative Medallion fund, was suddenly looking for capital” writes unknown author for bloomberg.com. The firm told staff that they would be allowed to increase their Medallion stakes by at least 50 percent.The news sent millionaires who work at the hedge fund powerhouse Renaissance Technologies searching for cash. Source: bloomberg.com Share This:

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Markets News Stocks 

6 ways you may be sabotaging your relationship — with your investments

“I have always believed that you must treat your investments in the stock market as you would treat a personal relationship” writes Jeffrey S for marketwatch.com. How can you hope to change your relationship with money if you don’t tackle the factors that are undermining it?. But it may never happen, and the resulting cost of waiting for that extra small bit can be huge in both the stock market and in life.The list of potentially perilous stock market beliefs is lengthy.If you’re determined to retain that long-term family investment,…

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Report: Higher premiums if Trump halts ‘Obamacare’ subsidies

“But millions of others buy individual health care policies without any financial assistance from the government and could face prohibitive increases” writes The Associated Press for seattletimes.com. The subsidies are snared in a legal dispute whether the Obama health care law properly approved the payments to insurers.Trump has threatened to cut off the monthly payments, most recently after the collapse of the GOP health care bill. Source: seattletimes.com Share This:

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How millennials can be better investors than their parents

“Sure, bond funds are less volatile than stock funds, but over the years stocks have produced vastly better long-term returns” writes Paul A for marketwatch.com. You can get excellent stock funds (notably index funds) that charge expenses of 0.3% or less.Yet millions of people in your parents’ generation pay three or four times that much for funds that usually don’t do better.Here’s another guarantee: If you don’t save some of your money for the future, someday you will wish that you had.Save money vs. spend it. Source: marketwatch.com Share This:

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Crypto Markets News 

Bitcoin tumbles below $4,000

“Get the latest Bitcoin price here” writes Frank Chaparro for businessinsider.com.au. These kind of drops are part and parcel with bitcoin, according to Dwyer. “For everyone who is new to bitcoin, this is where we say ‘welcome to crypto-trading,’” he added.Bitcoin has been on a tear following the August 1 fork that split the cryptocurrency in two.Bitcoin has tumbled below $US4,000, down 7% at 3,996 a coin, after a strong surge pushed the cryptocurrency’s price to almost $US4,500 on Monday.Goldman Sachs told clients in a recent note that the cryptocurrency…

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Markets News 

Netflix renews financial drama series ‘Ozark’ for second season

“The series, written and created by “The Accountant” writer Bill Dubuque, stars Jason Bateman as a financial planner laundering money for a Mexican cartel” writes Trey Williams for marketwatch.com. Bateman directs “Ozark” and his production company Aggregate Films produces the show along with Media Rights Capital, which is also responsible for Netflix’s hit drama “House of Cards.”.  Source: marketwatch.com Share This:

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Crypto News 

Money Management Firm Calls Bitcoin a ‘Fad’ then Files for Bitcoin ETF

“Over the weekend, the digital currency jumped to over $4,000 for the first time, quadrupling its value since the beginning of 2017” writes unknown author for cryptocoinsnews.com. Most notable was the Winklevoss twins bitcoin ETF, which was rejected by the SEC in early March.Money management firm VanEck has filed for a bitcoin ETF despite claiming that the digital currency was a ‘fad.’ Regardless of the recent user activated hard fork (UAHF), which saw the creation of bitcoin cash, bitcoin’s value has soared. Foster concluded by saying that while the blockchain…

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News Stocks 

Young people: Be better investors than your parents

“Sure, bond funds are less volatile than stock funds, but over the years stocks have produced vastly better long-term returns” writes Paul A for marketwatch.com. You can get excellent stock funds (notably index funds) that charge expenses of 0.3% or less.Yet millions of people in your parents’ generation pay three or four times that much for funds that usually don’t do better.Here’s another guarantee: If you don’t save some of your money for the future, someday you will wish that you had.Save money vs. spend it. Source: marketwatch.com Share This:

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