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Pelosi: Trump has ‘every opportunity to present his case’ on impeachment

“He has every opportunity to present his case,” Pelosi remarked, before pivoting to compare the president’s alleged crimes to the actions of disgraced President Richard Nixon” reports washingtonexaminer.com. Nancy Pelosi claimed that President Trump has “every opportunity” to explain himself and his actions in the current impeachment investigation in the House of Representatives. Source: washingtonexaminer.com

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Fed’s Daly says low inflation presents opportunity

“BERKELEY, Calif. (Reuters) – Sluggish U.S. inflation means the Federal Reserve can keep borrowing costs where they are without much cost and with a lot of potential benefit for workers, San Francisco Federal Reserve Bank President Mary Daly said on Saturday” writes Midwest Communications Inc for 95kqds.com. “We can keep the policy rate accommodative and we can both find full employment experientially, by waiting for it to show up in wage and price inflation, and we can treat the problem of muted inflation pressures and get ourselves back up to…

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Facebook is quietly setting the stage for an unprecedented new chapter in its business

“By investing in ecommerce and payments, Facebook gains an opportunity to cash in on its existing audiences in all-new ways” writes Rob Price for businessinsider.com. Facebook’s quarterly revenues have always been dominated by its advertising business.If Facebook can make its overall payments and ecommerce business even a quarter as successful as its ads business, that’s an extra $17 billion-plus in revenue every year.The $555 billion company’s escalating efforts in the financial sphere highlight how the company is in the midst of an unprecedented push to diversify beyond its core lucrative…

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EUR/USD Forecast: Potential selling opportunity Kudlow’s optimism, bearish technical outlook

“Are the US and China on the verge of signing a trade deal?” writes Yohay’s Google Profile for forexcrunch.com. Without confirmation from Trump, optimism may erode – the same happened in early November when a Chinese announcement of an upcoming deal was met with silence.See US October Retail Sales Preview: Consumers keep faith with the economy Overall, trade headlines, stimulus speculation, and US data are set to determine euro/dollar’s path today.It is followed by 1.1125, which served as support when the pair traded at the high ground two weeks ago.…

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Trump’s tax break to help the poor went to a superyacht marina owned by a rich GOP donor in Florida, according to reports

“The opportunity zone tax break was pitched as the prime anti-poverty measure of Trump’s signature legislative achievement, the Tax Cuts and Jobs Act of 2017” writes Justin Elliott for businessinsider.com. Vidueira added that “Rybovich has never planned the use of any Opportunity Zone tax deferment for its property.”. A week later, on April 19, Scott announced his selections for the opportunity zone tax break, the superyacht tract among them.Previous revelations about billionaires taking advantage of the opportunity zone program for already-planned developments in wealthy areas have spurred congressional scrutiny. Source: businessinsider.com

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A Trump tax break to help the poor went to a rich GOP donor’s superyacht marina

“In the newly designated opportunity zones, investors get a trio of subsidies” writes Justin Elliott for sun-sentinel.com. If investors take capital gains — generated, for example, by the sale of stock that has increased in value — and put it into a deal in one of the zones, they don’t have to pay capital gains tax up front.Later, their tax bills are trimmed. And, most important, any appreciation on the new investment in the opportunity zone is tax-free after a decade. Source: sun-sentinel.com

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The CEO of Freshworks had an idea 10 years ago when his TV was damaged by movers. Now his startup is worth $3.5 billion and is threatening Salesforce.

“He realized he had to capitalize on this opportunity and started a customer support company called Freshdesk in 2010” writes Paayal Zaveri for businessinsider.com. In 2010, Freshwork’s CEO Girish Mathrubootham saw a massive opportunity to change the way companies do customer support.He added that he thinks there is a better solution where customers don’t need to integrate services on top of a “bare bones” CRM platform. Mathrubootham said the company plans to use the money raised in this round to continue growing before looking towards an IPO.During the move his…

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Hedge fund firm Two Sigma just started selling a risk analysis tool, and it shows how secretive quants are now looking to make money sharing their tech

“Venn is the latest in a long line of products and services hedge funds have started pitching as they search for additional revenue streams” writes Dan Defrancesco for businessinsider.com. The immediate focus of Venn is large asset allocators, but Dwyer said some fellow hedge funds have shown interest in the product.Investors in the hedge fund wanted to take a more quantitative approach to their asset allocation process, Dwyer said.One of the world’s preeminent quantitative hedge fund firms is spinning out its data expertise into a product aimed at helping others…

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How to prepare for 5 important career moments, according to experts at Kellogg School of Management

“But Kellogg faculty have advice on how to be prepared for several common career situations (and perhaps even that calculus test in your dreams)” writes Kellogg Insight for businessinsider.com. When Wortmann launched his most recent company, his movie trailer became, “I run a firm called Sales Engine. Source: businessinsider.com

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Virginia’s speaker of the House will determine the path forward

“This leadership election, held mere days after the general election on Tuesday, will take place with private ballots behind closed doors” writes Wes Bellamy for washingtonpost.com. A Democratic trifecta gives Virginia the rare opportunity to enact real change, change that so many communities around the commonwealth desperately need. Source: washingtonpost.com

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