Economics And Finance

Companies Betting on Pot May Be Worse Off When the Smoke Clears (#GotBitcoin)

Beer and liquor companies are investing in marijuana in case customers imbibe less as legalization spreads, but their cannabis push might be a lose-lose proposition. Companies Betting on Pot May Be Worse Off When the Smoke Clears The cannabis investing frenzy has reached a fever pitch. With recreational marijuana use becoming…

The $210 Billion Risk In Your 401(k) (#GotBitcoin?)

Annual defaults on loans taken against investors’ 401(k)s threaten to reduce the wealth in U.S. retirement accounts by about $210 billion when the lost savings are compounded over employees’ careers. The $210 Billion Risk In Your 401(k) (#GotBitcoin?) Annual defaults on loans taken against investors’ 401(k)s threaten to reduce the…

The U.S.-China Trade Battle Spawns a New Era of Tariff Dodges (#GotBitcoin?)

Switching around the 18,927 codes that identify imported goods is an increasingly popular way some Chinese exporters are ducking American tariffs. The U.S.-China Trade Battle Spawns a New Era of Tariff Dodges One day in June, seven months after the U.S. imposed stiff tariffs on plywood from China, a wood importer…

Goldman Is Looking To Reduce “Marcus” Lending Goal On Credit (Recession) Caution (#GotBitcoin?)

Goldman Sachs Group Inc. is looking to restrain the rapid expansion of its online lending platform as the firm grows more cautious on the consumer debt market that’s a key area of growth. Goldman Is Looking To Reduce "Marcus" Lending Goal On Credit (Recession) Caution (#GotBitcoin?) The firm’s Marcus unit…

A Retirement Wealth Gap Adds A New Indignity To Old Age (#GotBitcoin?)

Many middle-class Americans are financially unprepared for retirement—and that is leading to an array of social tensions. A Retirement Wealth Gap Adds A New Indignity To Old Age Oakmont residents play pickleball—a game that’s like a gentler version of tennis, played with a paddle and a plastic ball with holes on…

Western Union Makes Digital Push Amid Fierce Competition for Money Transfers (#GotBitcoin?)

The company is looking to expand digital services to 200 countries. Western Union Makes Digital Push Amid Fierce Competition for Money Transfers (#GotBitcoin?) Western Union Co. is aggressively expanding its digital services as the money-transfer giant tries to keep pace with competitors vying for international transfers. Western Union Makes Digital Push…

Farmers Say Aid Won’t Cover Tariff And Recession Damage (#GotBitcoin?)

USDA has begun making payments to farmers affected by trade conflicts. Farmers Say Aid Won’t Cover Tariff And Recession Damage (#GotBitcoin?) The Trump administration has started compensating U.S. farmers for damage tariffs are doing to their business. Many farmers say the payments won’t make up for lost sales to China…

Used-Car And Motorcycle Sales Boom, New Vehicles Get Too Pricey For Many

Price gap between new and preowned cars has widened to a near decade high. Used-Car And Motorcycle Sales Boom, New Vehicles Get Too Pricey For Many The gap between the price of a new and used vehicle is as wide as it has been in years, pushing an increasing number…

Workers Strike Demanding Better Pay And Benefits While Corporations Use Excess Cash To Buy-Back Company Stock (#GotBitcoin?)

The strengthening economy and tight labor market are giving workers more confidence to demand employer concessions through strikes. Workers Strike Demanding Better Pay And Benefits While Corporations Use Excess Cash To Buy-Back Company Stock In recent weeks, unionized hotel housekeepers in Chicago, distillery workers in Kentucky and crane operators in Seattle…

Hedge Funds Investing Billions In Crypto (#GotBitcoin)

Billionaire investor Steven Cohen, once dubbed the "Hedge Fund King," has reportedly entered the crypto space. Hedge Funds Investing Billions In Crypto (#GotBitcoin) According to a Fortune article published July 12, Cohen has invested in cryptocurrency-focused hedge fund Autonomous Partners through his VC firm Cohen Private Ventures. Autonomous Partners was…

Ultimate Resource For Money Laundering, Spoofing, Market-Rigging, Etc. In Banking Industry (#GotBitcoin)

Bank of America To Pay $30 Million In Benchmark-Manipulation Settlement. Ultimate Resource For Money Laundering, Spoofing, Market-Rigging, Etc. In Banking Industry (#GotBitcoin) The bank was accused of trying to help its own derivatives positions.   Bank of America Corp. will pay $30 million as part of a settlement with the…

Social Security Fixes That Would Help Widows, The Oldest Old, And Low Earners (#GotBitcoin?)

Will We See Them Implemented? We all know the Social Security system needs reforming to keep it solvent so Americans will continue receiving their promised benefits. But Social Security also could be improved to better assist the economically vulnerable. Social Security Fixes That Would Help Widows, The Oldest Old, And Low…