News 

SNAP-SNAP-SNAP-SNAP-SNAP-SNAP: SAMSUNG unveils foldable phone with 6 cameras…

“Samsung put on a literal show on Wednesday, streaming the unveiling of its newest line of smartphones online for the world to see” writes Tim O’donnell for theweek.com. It is not, apparently, the first foldable smartphone produced, but it is expected to be the first made widely available when it hits shelves on April 26, per The Verge.The most startling new development in its line is the Galaxy Fold, a smartphone that literally folds into a tablet and back again, which would allow the user to view three apps at…

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Why buy a single smart plug for $26 when a smart power strip with 4 plugs costs the same price?

“Conico Smart Power Strip has been approved for safety and quality assurance (ETL and FCC certificate)” writes Maren Estrada for bgr.com. Surge Protection: This power strip surge protector supports surge protection, effective absorption of the sudden high voltage, protect the connection equipment from damage.You can voice control 4 smart AC plugs individually on Jinvoo app with Amazon Echo accessories.Easy to Operate: Just connect this usb power strip with your wall outlet, download the Jinvoo Smart app, add it into your account via 2.4G wifi network. Source: bgr.com

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News Stocks 

General Mills to close California yogurt making facility as part of restructuring

“The company expects the restructuring to be completed by the end of fiscal 2021” writes Reporter Editor for marketwatch.com. The expenses will also include about $105 million in exit and project-related costs, primarily asset write-offs.The consumer foods company said it expects to incur about $130 million in expenses, including $25 million in severance costs, as part of the restructuring, which will focus on consolidating production and “optimizing” labor, logistics and manufacturing operations. Source: marketwatch.com

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Crypto News 

Argo Blockchain Plans to Terminate Mining Contracts, Cut Costs by 35 Percent

“United Kingdom-based cryptocurrency mining provider Argo Blockchain announced it was refocusing its business as part of a major cost-cutting exercise, according to a strategy update published on Feb. 15” writes William Suberg for cointelegraph.com. Argo, which is headquartered in London with facilities in Quebec, said it would terminate its Mining-as-a-Service (MaaS) operations by April, focusing solely on direct mining.MaaS operators facilitate cryptocurrency mining on borrowed hardware remotely.Explaining its decision, Argo said the ongoing suppression of Bitcoin (BTC) prices and associated reduced profitability of mining had caused it to slim down…

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News 

Trump’s tariffs cost businesses $2.7 billion in just one month

“Indeed, as new data from the group Tariffs Hurt the Heartland shows, in November 2018 businesses paid $2.7 billion in tariffs” reports washingtonexaminer.com. That uptick in tariff costs, of course, is the direct result of Trump’s various tariffs, including those related to steel protectionism and to getting tough on China.The tariffs are not some special breed of tax that doesn’t cost U.S. businesses money.Those increased tariff costs have real effects on the U.S. economy.Those tariffs resulted in slowing export growth in November, with exports of products subject to retaliatory tariffs…

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Save thousands with these credits and deductions on your 2018 tax return

“If you’re trying to rush your tax return in to the IRS, be sure you don’t forget to take an inventory of these last-minute tax breaks” writes unknown author for cnbc.com. This season marks the first time taxpayers will submit their returns under the new Tax Cuts and Jobs Act.The law overhauled the tax system, doubling standard deductions, eliminating personal exemptions and limiting itemized deductions.In turn, some of those deductions – unreimbursed employee costs and tax prep costs, for instance – are no longer available. Source: cnbc.com

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News 

Baltic Dry Index collapses as global growth fears mount

“The Baltic Dry index, a closely watched global trade barometer, has sunk to a two-and-a-half-year low as the shipping industry grapples with stalling Chinese growth and the fallout from the dam disaster in Brazil” writes Tim Wallace for telegraph.co.uk. The trade bellwether, which measures shipping costs for raw materials such as iron ore and coal, has plunged 58pc in less than two months, suffering its worst start to a year since 2014.Shipping costs have tumbled amid mounting worries over the health of the global economy.China, the most important driver of…

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Futures Markets News 

A futures market is finally opening for the $726 billion trucking industry

“On March 29, the country’s first trucking freight futures market will sound its opening bell” writes Rachel Premack for businessinsider.com. Trucking transportation services are a $726 billion market, while petroleum refining total $501 billion in the US. And trucking is about to catch up to energy in one significant way.His response to that is to point out how trucking compares to, say, the energy industry.A futures market might be able to help transportation companies, and everyone who depends on trucking to move goods, ensure prices will remain stable.And there are…

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