Markets News 

The Hollywood ties of Treasury Secretary Steven Mnuchin have prompted questions about whether he has a conflict of interest in trade negotiations with China, the second-largest film market in the world.

“The Hollywood ties of Treasury Secretary Steven Mnuchin have prompted questions about whether he has a conflict of interest in trade negotiations with China, the second-largest film market in the world” reports washingtonexaminer.com. The transactions have raised conflict of interest concerns regarding Mnuchin’s role in trade negotiations with China and the possibility that he would benefit from increased Hollywood access to the Chinese film market. Source: washingtonexaminer.com

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Crypto Markets News 

Interest in OTC Trading May Become the Springboard for the New Cryptocurrency Market Boom

“According to data collected by Digital Asset Research, the global daily bitcoin OTC trading value is about $250 million” writes Guest User for livebitcoinnews.com. And the first thing that interests them is OTC trading as an instrument of quick and secure cryptocurrency trading.” He sees a lot of similarities between today’s keen interest in OTC cryptocurrency trading and the industry landscape in late 2017 – early 2018, when the market was burning with fever about Initial Coin Offerings.Over-the-counter trading in digital assets is rapidly gaining popularity with the crypto market…

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News 

This is how much bad credit affects your mortgage

“Borrowers who come to the table with lower credit scores can find that their mortgage loan costs more because of their bad credit scores” writes Scott Sheldon for marketwatch.com. A loan costs someone with a bad credit score more because of higher interest rates and the resulting higher monthly mortgage payments imposed on those with less-than-perfect credit.Generally, a good financial rule of thumb is to keep your credit card balances at no more than 30% of the credit limits per credit card—this is also known as your credit utilization ratio which…

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News 

The most convenient tools to help pay off credit card debt can ultimately save thousands of dollars

“For instance, you might consider: If you’re leery about using another credit card to get out of credit card debt, that’s totally understandable” writes Holly Johnson for businessinsider.com. So let’s say you open the Citi Simplicity Card and transfer your credit card debt within the first four months.With balance transfer credit cards, you get the option to break the cycle and pay down debt as fast as humanly possible.Now let’s imagine you transfer your high-interest credit card debt to the Citi Simplicity Card.Here’s why a 0% APR is such an…

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News 

NFL free agency rumors: Rams could have interest in bringing in Clay…

“Los Angeles might have interest in landing free-agent linebacker Clay Matthews, according to NFL Network” reports sportingnews.com. But Matthews is a former USC Trojan and currently lives in the Los Angeles area, so he could have interest in playing for the Rams, according to NFL Network.Matthews, 32, played out the final season of his five-year, $66 million deal with the Packers in 2018. Source: sportingnews.com

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News 

A closely watched outlook just predicted US economic growth is about to crawl at a ‘near-recession pace’

“Similarly, the ongoing US-China trade war and the potentially disastrous fallout from Brexit have increased uncertainty and has contracted global interest rates” writes Callum Burroughs for businessinsider.com. A well known bellweather economic report has predicted that the US economy will slow to recessionary levels in the next year.US growth will slow to 1.7% in 2019, “to a near-recession pace” of 1.1% in 2020, UCLA Anderson senior economist David Shulman wrote in the report.While the global economy started out strong in 2018, signs of its weakening will likely be everywhere by…

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A financial planner has advice for a 30-something with over $100,000 in student loans who wants to buy a house near San Francisco: don’t

“She wants to buy a house, have kids, and solidify her emergency fund, she told Schlesinger” writes Tanza Loudenback for businessinsider.com. “You are not buying a house right now — it will feel like you are drowning,” Schlesinger said.Linda, a 30-something Bay Area resident, is more than $100,000 in debt from student loans, she told certified financial planner Jill Schlesinger on an episode of her podcast “Jill on Money.”. By renting, Schlesinger said, “You’re not throwing money out the window, you’re buying flexibility, you’re buying opportunity, that’s how you have…

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News 

How Not to Fuel Anti-Semitism When Discussing Israel

“She is criticizing them all for pressuring politicians to put the special interest ahead of the public interest” reports realclearpolitics.com. Should critics of special interest groups and donors be held responsible for the violent actions of a few militant extremists?. The narrative that well-financed donors and special interest lobbies are what thwart the public will is deeply embedded in our discourse. Source: realclearpolitics.com

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Court tells binary options firm EZTD to respond to SEC’s claims about unpaid penalty

“The binary options that were the subject of these offers and sales were over the-counter, cash-settled option contracts” reports financefeeds.com. These binary options constituted securities under the federal securities laws.This matter concerns EZTD’s offers and sales of binary options to US customers, between June 2011 and August 2014, through EZTD’s two online trading platforms, eztrader.com and globaloption.com.A case brought by the United States Securities and Exchange Commission (SEC) against binary options firm EZTD continues at the Delaware District Court, as the US regulator is seeking to compel the firm to…

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