South China Morning PostIs China set to lower its loan rate for the first time since early 2020?China's loan prime rate (LPR), which currently stands at 3.85 per cent, could be lowered for the first time since early last year on …4 hours ago

South China Morning PostIs China set to lower its loan rate for the first time since early 2020?China’s loan prime rate (LPR), which currently stands at 3.85 per cent,
could be lowered for the first time since early last year on …4 hours ago… Read More

Democrats’ Budget Would Finance Sweeping Clean-Energy Plan

The $3.5 trillion budget plan from congressional Democrats would finance a far-reaching transition to cleaner power, but it is expected to face opposition from parts of the energy industry and their industrial customers over provisions likely to raise their costs.

The plan calls for paying money to utilities that make a fast transition to cleaner fuels—and levying financial penalties for those that move slowly, one of several largely untested programs in the package. Others include tariffs on imports based on their production’s greenhouse-gas emissions, and creating first-of-their-kind fines on oil-and-gas producers for leaking greenhouse gases into the atmosphere from their … Read More

2 Bitcoin Stocks I’d Buy Right Now

I suggested that Bitcoin (CRYPTO:BTC) was a worthwhile buy two months ago, as long as you were prepared for some uncomfortable volatility. The leading cryptocurrency is 23% cheaper today, and it still strikes me as a reasonable investment, with the usual reminders to back up the truck very slowly and always be prepared for more volatility.

Maybe you’re not quite ready to take the Bitcoin plunge. Still, you’re interested in the cryptocurrency market and curious enough to dip your toes into the waters through more-traditional investment tools. Here are a couple of high-quality stocks with significant ties to Bitcoin.

These

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Investors bet on Kroger, Costco as Covid-19 cases spook Wall Street

As U.S. stocks plummeted Monday, investors bet on a familiar category that could grow if Covid-19 cases continue to rise: Grocery stores.

Shares of Kroger, Albertsons, BJ’s Wholesale Club were up as of midday Monday. Costco touched an all-time high of $415.32.

Those stocks were among the rare bright spots on Wall Street, as the Dow Jones Industrial average appears headed for its biggest drop of the year. Several other stay-at-home stocks, including Clorox and Peloton, were also in the green.

Grocers have been some of the biggest pandemic beneficiaries over the past year, as restaurants temporarily shut and shoppers

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Portman Letter to Wall Street Journal Highlights Economic Benefits of Bipartisan Infrastructure Proposal


July 14, 2021

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Portman Difference

Today in the Wall Street Journal, Senator Portman wrote a letter to the editor highlighting the bipartisan infrastructure proposal he is helping to write and how it will help the economy grow. This is in response to a Wall Street Journal article arguing that building new highways will not benefit the economy. As Senator Portman notes, the bipartisan infrastructure proposal is not just about improving our highway system, which will lead to greater economic efficiency, but also about broad investment in ports, freight rail, bridges, and other critical infrastructure like broadband. This approach

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Should You Take Out a Loan to Go to Disney World?

I didn’t take my children to Disney World until my oldest was 7, despite knowing many people who have been visiting yearly since their kids were in diapers. To be honest, Disney just wasn’t very high on my list of places to go, so instead of visiting there, we opted to take our kids to national parks and other parts of the country. But eventually, I caved, saying we’d go once to give our kids the experience.

Well, it turns out there’s a reason so many people talk up the Disney magic — my kids had such an amazing time

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Square’s Decentralized Finance Plan Could Go Mainstream, One Analyst Says

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Jack Dorsey, co-founder & CEO of Square, at a Bitcoin convention on June 04, 2021, in Miami.


Joe Raedle/Getty Images)

Jack Dorsey’s tweet late Thursday announcing a new business unit at

Square

dedicated to developing a decentralized finance platform set off a flurry of reactions from crypto junkies and mainstream consumers alike. Many wonder what this means for Square’s (ticker: SQ) business going forward. One analyst regards move as having potential for expanding decentralized finance to the general public.

While Dorsey’s tweet was vague regarding financial details, BTIG analyst Mark Palmer wrote in a note that he’s optimistic

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Andreessen Horowitz taps Arianna Simpson to help run $2.2B crypto fund

Andreessen Horowitz is adding a new, high-profile partner to help deploy its $2.2 billion cryptocurrency fund.

Thirty-year-old Arianna Simpson is being promoted to general partner from deal partner roughly a year after joining, the company announced Monday.

Simpson has become somewhat of a celebrity in the cryptocurrency world. She left a global marketing job at Facebook and joined BitGo in her early 20s. Then she launched her own venture capital firm at age 24 to invest in blockchain and crypto companies. Friends and mentors advised her not to.

“It was an unpopular decision,” Simpson told CNBC in an interview. “But

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Market’s violent moves will set stage for massive comeback: Art Hogan

Market bull Art Hogan is looking beyond the trading week’s rough start.

The National Securities chief market strategist expects the violent moves will set the stage for a massive comeback that will prompt him to hike his S&P 500 year-end target.

“Here we are with everything for sale in a risk-off mode. People piling into the Treasurys,” Hogan told CNBC’s “Trading Nation” on Monday. “Likely, all of that gets stretched.”

The Dow saw its worst day on Monday on jitters associated with Covid-19 Delta variant risks. The S&P 500 and tech-heavy Nasdaq saw their biggest drops since May. Plus, the

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Banks on Wall Street report bumper second-quarter profits

BANK BOSSES were full of good cheer as they reported their second-quarter earnings on July 13th and 14th. “The consumer…their house value is up, their stocks are up, their incomes are up, their savings are up…they’re raring to go,” said Jamie Dimon, the boss of JPMorgan Chase, when analysts asked about the risk that economic growth might slow in the coming months. David Solomon, the chief executive of Goldman Sachs, sounded upbeat when asked if an executive order from the White House seeking to increase competition among businesses might cool feverish dealmaking activity: “I’m encouraged by the fact that

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