News 

Canada mulls auto firms aid in response to U.S. tariffs threat

“The message I would convey to the auto sector workers is – we have your backs.”” writes Midwest Communications Inc for 95kqds.com. Trudeau’s Liberals will need support from auto sector workers to win re-election in October 2019.”We’d need to have an aid package; that’s for damn sure,” said Jerry Dias, head of the influential Unifor private sector union, when asked about auto tariffs. Source: 95kqds.com Share This:

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Crypto News 

Mastercard Considers Blockchain a Viable Asset…

“Do you think blockchain technology can help fight credit card fraud?” writes Jp Buntinx for livebitcoinnews.com. In fact, it has become apparent there are quite a few issues Mastercard can solve with this new technology.Utilizing blockchain technology for this specific purpose can yield surprising results.Even though cryptocurrencies remain somewhat controversial, their underlying blockchain technology is very different.For major credit card issues, dealing with payment fraud will be one of the top priorities. Source: livebitcoinnews.com Share This:

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Markets News 

Tech isn’t in a bubble — and one some measures show it’s actually undervalued

“Again, excluding the bubble years, the current relative valuation is actually a bit below the 15-year average (see Chart 1)” writes Russ Koesterich for businessinsider.com. With a return-on-equity of 20%, the sector remains profitable relative to both its history as well as the broader market.The technology sector trades at an 11% premium to the broader market.Since the start of 2010, the trailing price-to-earnings ratio (P/E) for the S&P 500 Technology Sector Index has risen approximately 20%, only slightly faster than the 14% for the S&P 500 Index.To be fair, the…

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Markets News Stocks 

Here’s what 5 top Wall Streeters told a conference for big investors about the best parts of the market to own over the next year

“Additionally, he saw non-agency mortgages, floating-rate bank loans, and preferred stock as attractive because they would earn more coupon as short-term rates increase” writes Akin Oyedele for businessinsider.com. “When we look at investors outside sophisticated ones like endowments, allocations to real assets are generally pretty low,” he said.He cited growth stocks as his top recommendation, and urged US investors to look elsewhere for opportunities in emerging markets. Source: businessinsider.com Share This:

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News Stocks 

Philip van Doorn: Tech stocks have a surprising new rival

“We pointed out in April that the consumer staples sector was the worst performer among the 11 S&P 500 sectors in 2018” writes Investing Columnist for marketwatch.com. Several consumer staples companies have posted double-digit gains during the period.However, the sector, which some investors view as a defensive play, is up 3.5% in the past month, in line with the technology sector. Don’t miss: These 6 stocks help you build an anti-FAANG portfolio that will beat the ‘Amazon effect’.  Source: marketwatch.com Share This:

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Fire at parts supplier for Ford trucks drags down U.S. industrial production in May

“The numbers: Industrial production fell in May for the first time in four months, but the drop-off was largely the result of a major fire at an auto-parts supplier for Ford F, +0.00% trucks instead any weakness in the U.S. economy” writes Jeffry Bartash for marketwatch.com. By and large, the industrial sector is quite healthy. Source: marketwatch.com Share This:

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One of the most hated sectors is showing signs of life, and two stocks could lead the recovery

“Costco shares have added 10 percent in the year to date, while the XLP consumer staples ETF has declined 10 percent” writes Keris Lahiff for cnbc.com. Costco shares hit a higher low in early June, roughly 2.6 percent above the previous low made in early May.”This is exactly the time when consumer staples should start to benefit.Sanchez anticipates slower U.S. economic growth by the end of 2018 and into 2019.”Costco has outperformed consumer staples eight out of the last 10 years.”.  Source: cnbc.com Share This:

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Crypto News 

LG CNS and KOMSCO Partner to Offer First Ever S. Korean Public Sector Blockchain

“On June 10, LG CNS (an IT service provider operating under LG Group) was granted an order to build a blockchain platform for the public sector that will be used to issue digital gift certificates in South Korea” reports financemagnates.com. Business Korea also reported that LG CNS is also offering an “anchoring” service that combines its blockchain database with cloud storage, enabling users to save their data from other services onto the KOMSCO blockchain.According to Business Korea, this is “the first public [sector] blockchain platform in South Korea.” The order…

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Markets News 

A wave of calm is about to wash over stocks, and Credit Suisse has a way to profit

“By sector, Golub says he has the greatest conviction in the technology space, a group already leading markets for the year” writes unknown author for cnbc.com. Jonathan Golub, U.S. equity strategist at Credit Suisse, expects a situation reminiscent of 2017, one of the smoothest periods of trading in Wall Street history.The tech sector is up more than 13 percent for the year and the best performer on the S&P 500.He anticipates this even as President Donald Trump lobs geopolitical curveballs at markets such as trade tariffs against some of the…

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News 

Jobs outlook for UK financial services hits worst level since 2009, poll shows

“Job hiring confidence in the United Kingdom’s crucial financial services sector has sunk into negative territory for the first time since the wake of the 2008 financial crisis, according to a survey compiled by the recruitment firm ManpowerGroup” writes Jack Taylor for cnbc.com. Manpower’s survey of hiring intentions for the 2018 third quarter described a Net Employment Outlook of -1 percent for the Business and Financial sector, suggesting job cuts rather than job hires are on the way during the summer.”As the U.K. is a global center for financial and…

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