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As most of you probably noticed, last week saw a massive, online protest against FCC boss Ajit Pai's plan to completely ignore consumer welfare and gut popular net neutrality protections. Giant ISPs like AT&T, Comcast and Verizon responded to the protest in the way they've always done: by comically insisting that the press somehow got it wrong, and these companies actually really love net neutrality -- despite a decade of documented anti-competitive behavior, and the fact they've spent

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Samsung’s Galaxy S8 has been insanely successful. The device is selling much better than many expected, especially after the Note 7 disaster. The rumor mill is right now focused on Samsung’s upcoming Galaxy Note 8, which would be unveiled next […] The post Galaxy S9 Features Revealed In Massive New Leak appeared first on ValueWalk.

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Taking a break from his "big picture" macro observations, and - at least recently - bashing of complacent traders, algos and central planning, overnight Bloomberg's macro commentator focused on the FX market in general, and why he believes it is the "best" market for those "politically bent", noting five particular reasons for his adoration of FX trading: everything is fair game: "in today’s world there’s nothing local about almost any aspect of the process" and FX is the only place where

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After a pitiful drop in May, building permits rebounded galantly in June (+7.4% MoM - the most since Nov 2015)...   Both Single- and Multi-family jumped... and following three straight monthly declines, housing starts rose 8.3% MoM in June - the biggest jump since Dec 2016. Both Single- and Multi-family jumped... Starts bounced off unch YoY... The biggest gains were seen in Northeast Starts - which rose 83.7%!!! This rebound in building and prospective future building seems odd

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I have been participating a quarterly series at BusinessWeek the past year, titled Where to Invest $10,000 Right Now. Its an outstanding collection of 5 investors: Joe Brennan global head of Vanguard’s Equity Index Group, Russ Koesterich Portfolio manager, BlackRock Global Allocation Fund,  Sarah Ketterer Chief executive officer and fund manager, Causeway Capital Management, Richard Bernstein… Read More The post BW: Where to Invest $10,000 Right Now appeared first on The Big
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Very few investors caught on to it, but a few weeks ago the Fed made its single largest announcement in eight years. First let me provide some context. For eight years now, the Fed has propped up the stock market. In terms of formal monetary policy the Fed has: ·      Kept interest rates at ZERO for seven years making money virtually free and forcing investors into stocks and junk bonds in search of yield. ·      Engaged in over

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Authored by Mike Shedlock via MishTalk.com, Magazine covers tend to coincide with extreme sentiment. The Economist is particularly good at offering contrarian articles. In December of 2016, The Economist nailed the peak in the US dollar with its “Mighty Dollar” issue. The dollar has been gradually gaining strength for years. But the prompt for this latest surge is the prospect of a shift in the economic-policy mix in America. The weight of investors’ money has bet that Mr

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Online shopping: Retailers seek visibility in face of Google control Who Will Survive the Retail Reckoning of 2017? America’s Dying Malls Weigh On Retailers Can Retailers Escape The Scourge Of Free Shipping? PE Firms Shy Away From Struggling Retail Industry […] The post Online shopping: Retailers seek visibility in face of Google control appeared first on ValueWalk.

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The Morgan Stanley Q2 2017 earnings report was released before opening bell this morning. The firm posted earnings of 87 cents per share on $9.5 billion in revenue, compared to the consensus estimates of 76 cents per share and $9.15 […] The post Morgan Stanley Q2 2017 Earnings Beat Drives Shares High appeared first on ValueWalk.

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Authored by Mac Slavo via SHTFplan.com, When social security was first implemented in the 1930’s, America was a very different country. Especially in regards to demographics. The average life expectancy was roughly 18 years younger than it is now, and birth rates were a bit higher than they are now. By the 1950’s, the fertility rate was twice as high as it is in the 21st century. In other words, for the first few decades, social security seemed very sustainable. Most people would

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France's armed forces chief resigned on Wednesday, culminating a dramatic dispute with president Emmanuel Macron over defense budget cuts, in what Reuters called "an early test of the newly elected president's mettle and the tough presidential style he is cultivating." Last week, General Pierre de Villiers publicly complained about Macron’s proposed €850 million cuts to the military's budget, telling a parliament committee he would not "let myself be fucked like that," adding that "I may be

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I review the list of weekly dividend increases as part of my monitoring process. Over the past week, there were several companies that raised dividends to investors. I am going to discuss how I came up with the list of […] The post Four Dividend Paying Companies Raising Dividends. Which Ones Are Worth A Closer Look? appeared first on ValueWalk.

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After yesterday's stunning 40% plunge in Goldman's FICC revenue, market watchers and MS shareholders were nervously anticipating the release of today's Morgan Stanley Q2 earnings data. In retrospect, they had no reason to be worried, because moments ago MS reported revenue and EPS which both beat expectations, with Q2 EPS of $0.87 (est $0.76) on revenue of $9.5BN vs est. $9.13BN, up from $8.91BN a year ago. However, with both MS and GS the last two pure-play (more or less) trading houses, the

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As North Korea advances toward achieving its long-term goal of developing a nuclear-armed ICBM capable of reaching the US mainland (or at least Sarah Palin's home state), a host of defectors who've managed to escape from the isolated Communist state have gathered testimonies about the North’s human-rights abuses in hopes of "optically" pushing international diplomacy to their, and the US' diplomatic advantage. China and Russia have used their veto power at the

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“Time To Position In Gold Is Right Now” – Rickards   - "Time to position in gold is right now” - James Rickards- Fed has hit the ‘pause’ button; No more rate hikes for foreseeable future- Fed’s theories "bear no relation to reality" and has "blundered by raising rates"- Growth is weak, inflation is weak, retail sales and real incomes are weak- Tight money, weak economy & stock bubble classic recipe for market crash- Reduce allocations to stocks and

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After yesterday's stunning 40% plunge in Goldman's FICC revenue, market watchers and MS shareholders were nervously anticipating the release of today's Morgan Stanley Q2 earnings data. In retrospect, they had no reason to be worried, because moments ago MS reported revenue and EPS which both beat expectations, specifically Q2 EPS of $0.87 (est $0.76) on revenue of $9.5BN vs est. $9.13BN, up from $8.91BN a year ago. However, with both MS and GS the last two pure-play (more or less) trading

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This is just one of the stories from our "I've Always Wondered" series, where we tackle all of your questions about the world of business, no matter how big or small. Ever wondered if recycling is worth it? Or how store brands stack up against name brands? What do you wonder? Let us know here. Listener Cinthia Bonilla sent in this question: When cars, boats, campers or any other vehicle is left on the side of the highway and nobody picks it up who pays for its removal? If nobody claims it, can the highway authority sell it to use the funds to better the roads? Where do these forgotten vehicles end up? At first, this seemed like an easy set of questions to answer — except for the fact that roads and things found on the side of them fall under a number of different government agencies and bureaucracy is anything but simple. Who is responsible and where funds end up also varies depending on the state. Let’s break this down question by question: When cars, boats, campers or any other vehicle is left on the side of the highway and nobody picks it up who pays for its removal? Our first attempt to answer this question took us to the U.S. Department of Transportation. According to them, the responsibility to keep roads clean falls to state and local level officials. “Each state has a slightly different process, but — in general — items like the sort you describe are collected by the state highway patrol and disposed of,” said Doug Hecox, spokesman for the department. “This is also true of road kill — animals struck and killed by vehicles. Keeping the highways and the clear-zone on either side free from accumulated obstructions is an ongoing responsibility of state highway patrols.” Whether the responsibility falls to the state or the local government depends on what kind of the road it is. For example, highways would fall under the state’s highway patrol while local roads like those in your town would fall under the supervision of the local government. Let’s take a look at New York City, where local street removal is the responsibility of two city agencies. “Abandoned/stolen non-derelict vehicles are towed by the New York Police Department. Derelict vehicles are towed by the Department of Sanitation,” Alana Morales, spokeswoman for the New York City Department of Transportation, told Marketplace. A derelict car is any car that’s missing parts, has any exterior or interior damage, had been burned or is eight years or older, according to Belinda Mager, the director of digital media and communications at the Department of Sanitation of New York (DSNY). Additionally, the car must be without license plates. “Private tow and scrap yards are contracted by DSNY to remove the vehicles. We receive a fee for each vehicle removed,” Mager said. The proceeds from scrapping the vehicle are used to pay for the removal — the towing and any potential storage. A tow truck drivers walks past the damaged car. Mark Ralston/AFP/Getty Images Things are not that different in our other example, California, where we explored removals from highways rather than local roads. “If the California Highway Patrol (CHP) officer comes upon a car that is abandoned, a notice is placed on the vehicle. The driver or registered owner must remove the vehicle from the roadway within four hours. If the vehicle is not removed, the vehicle is stored at a tow yard,” said Mike Martis, Jr., a CHP spokesman. If the car is registered, the CHP notifies the owner about where their car is and how to retrieve it. When the owner picks up the car, they will be asked to pay the towing and storage fees. If the owner does not turn up within 30 days, “the tow yard begins the steps to auction off the vehicle,” said Martis. The funds are then used to cover the towing and storage fees for the car. Related Are smart cars only as good as the roads they're driving on? Let's build infrastructure, but we better make it smart Where do these forgotten vehicles end up? As mentioned above, many of them tend to be towed and stored for a specific period of time. Afterward, they are either sold for scrap or sold at an auction. If nobody claims it, can the highway authority sell it to use the funds to better the roads? Probably the most direct answer to this particular question came from the California Department of Motor Vehicle. “Abandoned vehicles are not a reliable source of revenue,” said Marty Greenstein, public information officer at the California DMV. “Their sale would barely cover the cost of towing, storing, and crushing them, let alone the cost of then selling them for reuse.” In California, when abandoned cars — whether they were found on the road, in a garage, in someone’s storage —  are sold at a lien sale, the proceeds are divided as follows: a portion goes to cover any towing costs, another portion to cover storage costs that might have been incurred and then the remainder is sent to the California Department of Motor Vehicles, not the local highway patrol. Here is how much money the Department has received from such sales over the past three fiscal years: FY 2014-15: $1,023,264 FY 2015-16: $620,555 FY 2016-17: $917,283 So what does the DMV do with that money? “The DMV doesn’t use those funds since they belong to the vehicle owners who had their cars sold at a lien sale,” Greenstein said. As for how much of that money goes unclaimed, he couldn’t say. “We don’t have any historical data on the rate at which those funds go unclaimed.” To summarize: most of the cars found on the side of the highway are not worth much and the proceeds from the cars that are worth selling are usually put aside just in case their owners turn up. We tried to track down similar data in New York only to have the New York State DMV tell us that it "does not receive financial compensation from the sale of abandoned vehicles. The sale of vehicles goes directly to the local towns, cities and other municipal authorities involved." If you know what happens to abandoned cars in your town/city, let us know in the comment section below. Related Where do infrastructure dollars produce the most gain? A lot of people are worried about crumbling infrastructure

Read more: Marketplace All Stories

In what has been a less exciting session than the previous two, the euro retraced some recent gains as traders grew concerned they may have overestimated the ECB's hawkish bias ahead of Thursday’s rate decision; in turn the dollar edged higher after the collapse of the GOP healthcare bill sent it to the lowest since September on Tuesday. Not even Citi could infuse any  excitement in the overnight session, which its called "Purgatorial": Markets are more or less flat so far today

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The only thing worse than this market is my current sinus infection, so I'm going to keep today's update brief.  There really isn't much to add, but the BKX chart is worth an update:INDU has left the b-c option alive.  I'm not updating anything on this chart, because when I try to, StockCharts deletes everything -- so it's only been auto-updated with the price action:In conclusion, this market's been harder to trade than a heavily-used Beenie Baby lately because there is a serious fracture occurring across markets.  This suggests that there is not enough liquidity available to
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It looks like China is continuing to set the gold standard for internet censorship. For a long time, the Great Firewall has been actively censoring content based on keywords. Activists and dissidents have worked around this filtering by placing text in images, but that doesn't appear to be working nearly as well as it used to. Toronto's Citizen Lab noticed some unusual things happening in days surrounding the death of China's only Nobel Peace Prize winner (and longtime political prisoner),

Read more: Techdirt.

Wise investors book profits…   Submitted by Stewart Thomson, Graceland Updates: Over the past week or so, gold and associated assets have rallied quite nicely. Please click here now.  Double-click to enlarge this daily gold chart. The $1237 price area is a good place to book partial profits on positions bought in my $1220 – $1200 buy […] The post Pruning The Golden Tree – Stewart Thomson appeared first on Silver Doctors.

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