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Latest 24 Hour Economy News
Source: Washington Post

Trump: Republicans planning tax cuts for middle-income earners before November

Today 18:09 GMT

President Trump said Saturday that Republicans are planning to implement a “very major tax cut” for middle-income earners before next month, even though Congress is out of session until after November’s midterm elections.

“We are going to be putting in and are studying very deeply right now, around the clock a major tax cut for middle-income people,” Trump said shortly before his departure back to Washington.

Source: Common Domain

Marijuana investors may lose 90% of their money in Canada, so consider the really big prize elsewhere

Today 18:09 GMT

With some skill, knowledge, patience, self-discipline and proper guidance, most investors have the potential to make millions, or a lot of money, in marijuana.

Why did the smart money sell when the news is positive — that Canada has legalized marijuana and the long-term potential is great? The answer is that the smart money always tries to get ahead of the curve — this is one thing that all investors should strive to do.

Source: Fox News

A Democratic House majority could be dangerous for our country – here’s why

Today 18:09 GMT

Slashing the defense budget, inciting violence, launching partisan fishing expeditions, and impeaching Kavanaugh may sound like heaven to the fringe corners of the Democratic base, but it’s hardly what swing voters interested in an effective federal government desire.

Voters who think that it may be time for a change should think again about how those changes will impact not only their lives, but the overall direction of the country.

Source: Global News

Foreigners sell over $1 billion in Saudi stocks amid killed journalist scandal

Today 18:10 GMT

Here’s why Canada’s ex-envoy to Saudi Arabia says sanctions for journalist killing wouldn’t work. The stock exchange data also showed Saudi individual investors such as retail investors and high net worth individuals sold a net 3.4 billion riyals worth of stocks during the week, however Saudi institutions bought a net 7.8 billion riyals worth of stocks.

Saudi credit default swaps, which investors buy as protection against default, rose to 100 basis points late last week for the first time since June, data from IHS Markit showed.

Source: Common Domain

The 10 most ‘valuable’ countries in the world in one chart

Today 18:09 GMT

Brand Finance, a company that specializes in putting value to corporate brands, attempted to do just that by evaluating the countries on three key metrics—goods and services, investment, and society.

Other countries of note that did not make the top 10 list was Spain at 12th, Mexico at 14th, Brazil at 17th and Russia at 18th. And for all its economic troubles, Italy still was the eighth most valuable brand while India was ninth and Korea came in at tenth.

Source: Common Domain

86% of 2017 ICOs are now in the red, Ernst & Young study finds

Today 18:09 GMT

In an Oct. 19 report titled “ICOs, The Class of 2017—one year later” Ernst & Young said in the first six months of 2018, 86% of the leading ICOs that listed on a crypto exchange in 2017 are below their initial listing price.

If you invested in an initial coin offering (ICO), a crowdfunding tool for crypto-related ventures, in 2017, there’s a very good chance your portfolio has been shredded, according to research from professional services firm Ernst & Young.

Source: DW

Israel postpones forced eviction of West Bank Bedouin village

Today 18:09 GMT

Israeli Prime Minister Benjamin Netanyahu has suspended plans to demolish a Bedouin village in the West Bank amid international concern.

A Bedouin village in the occupied West Bank scheduled for demolition by Israel has received a temporary reprieve after Israeli Prime Minister Benjamin Netanyahu put a hold on plans to evacuate and raze it. Israeli authorities say that the small village, Khan al-Ahmar, which is home to just 180 residents, was built illegally, and had ordered villagers to leave their houses and pull them down by October 1.

Source: Common Domain

The last days of Theranos — the financials were as overhyped as the blood tests

Today 18:09 GMT

That same month, Theranos agreed to pay $4,652,000 in consumer restitution — more than Theranos had in fact collected for all lab tests throughout the life of the company — and a civil penalty of $200,000 to settle a consumer-fraud suit brought by the Arizona attorney general.

Ultimately, it was the accountants, not the scientists, who were left with no choice but to deliver the bitter pill to the Theranos board: The company had even less money than time.

Source: Common Domain

The case for paying every American a dividend on the nation’s wealth

Today 17:14 GMT

Sharing the wealth, collective ownership and being handed a dividend check simply because of where you live runs counter to the rugged individualism that many see as a key feature of the American character.

A study by the Roosevelt Institute in New York, a left-leaning think tank, concludes that giving $500 a month to every adult American could meaningfully grow the U.S. economy and address its widening wealth gap.

Source: Common Domain

AMD earnings: Trade wars could harm assault on Intel

Today 17:14 GMT

Seymore, who has a hold rating and a $23 price target, believes the “goodness” at AMD is already baked into its share price and that bullish sentiments on the stock ignore potential competitive responses from Intel and Nvidia Corp. NVDA, -4.33%  . Earnings: Of the 28 analysts surveyed by FactSet, AMD on average is expected to post adjusted earnings of 12 cents a share, down from the 13 cents a share expected at the beginning of the quarter.

Source: Common Domain

Emerging Markets Roundtable: Today’s Pain Could Be Tomorrow’s Gain

Today 16:19 GMT

Our panelists are Ruchir Sharma, head of emerging markets and chief global strategist at Morgan Stanley Investment Management; Justin Leverenz, manager of the $35 billion Oppenheimer Developing Markets fund (ticker: ODMAX), the largest actively managed equity fund in the category; Richard Sneller, co-manager of the $1.9 billion Baillie Gifford Emerging Markets Growth fund (BGEHX), which has outperformed 96% of its peers over the past three years; and Laura Geritz, who built a strong investment record at Wasatch Advisors investing in frontier and smaller markets, and launched Rondure Global Advisors in 2016.

Source: Common Domain

The party’s far from over for the economy, as GDP will show

Today 15:24 GMT

If GDP generates the biggest headlines, the real story of where the economy is headed can be seen through the monthly tally on new orders for long-lasting products.

Later in the week the government is expected to report the economy grew 3% or more in the three-month period stretching from July to September. Another vigorous gain following a 4.2% burst of growth in the second quarter would position the economy for its best performance in 13 years.

Source: Common Domain

Here’s why you shouldn’t retire super early — even if you can

Today 14:29 GMT

Many individual retirement accounts and 401(k) plans aren’t available without penalty under age 59 ½, said John Middleton, a financial adviser at Brighton Financial Planning in Clinton, N.J.. “The early withdrawal penalties are severe enough to make it unlikely these income sources will sustain early retirement through age 62, at which point individuals could claim Social Security income,” he said.

Source: Common Domain

This is why baby boomers are divorcing at a stunning rate

Today 14:29 GMT

Of course, when they were younger, the rate of divorce among the baby boomer demographic was also quite high — “unprecedented,” Pew says — and that may be making things worse now. “Their marital instability earlier in life is contributing to the rising divorce rate among adults ages 50 and older today, since remarriages tend to be less stable than first marriages.”

Among U.S. adults ages 50 and older, the divorce rate has roughly doubled since the 1990s, according to a Pew Research Center report.

Source: Common Domain

Mortgage rates retreat, but housing supply crunch won't let up

Today 12:39 GMT

Rates for home loans fell in tandem with the bond market, a welcome respite for the housing market after a recent run-up in home financing costs.

The 30-year fixed-rate mortgage averaged 4.85% in the October 18 week, down 5 basis points, mortgage buyer Freddie Mac said Thursday. Rates for home loans fell in tandem with the bond market, a welcome respite for the housing market after a recent run-up in home financing costs.

Source: CBS News

NYPD makes arrest in connection with violent Proud Boys brawl

Saturday 04:14 GMT
Source: Fox News

Keith Urban gives private hospital concert to sick fan

Saturday 19:05 GMT
Source: Washington Post

“How could you” The day Jackie Kennedy became Jackie Onassis

Saturday 19:05 GMT
Source: The Guradian

Mohamed Salah strike settles nervy Liverpool win over Huddersfield

Saturday 19:05 GMT
Source: Washington Post

Turkish investigators expand search for missing journalist to forest, farm outside Istanbul

Friday 08:05 GMT
Source: Global News

Pot is legal, but that doesn’t mean Canadians think other drugs should be: Ipsos poll

Friday 08:05 GMT
Source: BBC

Mim Shaikh: I travelled 4000 miles to find my dad

Saturday 13:35 GMT
Source: ABC News

Mega Millions prizes keep skyrocketing as 'people want to see bigger jackpots'

Saturday 21:49 GMT
Source: ABC News

'It's madness,' store clerk says as Mega Millions jackpot soars to record $1 billion

Saturday 21:49 GMT
Source: Fox News

Parenting is hard work, but don't get discouraged -- remember this

Today 05:09 GMT
Source: The Guradian

Remains of 63 foetuses found in second Detroit funeral home

Today 18:09 GMT
Source: Fox News

Tim Allen reveals his ideal 'Home Improvement' revival plot

Today 14:29 GMT
Source: The Guradian

Drug mix ‘extends life of breast cancer patients’

Today 18:09 GMT
Source: Common Domain

Investors weigh whether to ditch stocks for bonds as yields finally offer an alternative

Today 11:44 GMT

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte