Here's how lost furloughed federal worker paychecks could weigh on the US economy

Federal workers furloughed by the ongoing partial government shutdown have been bearing the brunt of the political standoff between President Donald Trump and Congress over funding for a border wall. Those federal employees are feeling the squeeze on their wallets. As the stalemate drags into its third week, the impact may soon be felt by…

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Bitcoin Community Celebrates the Appointment of the New Pro-Crypto White House Chief

Photo: Gage Skidmore / Flickr Last week, the Trump administration appointed the new White House Chief of Staff Mick Mulvaney. President Donald Trump himself made the announcement of Mulvaney’s appointment on his official Twitter handle. I am pleased to announce that Mick Mulvaney, Director of the Office of Management & Budget, will be named Acting White…

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After Powell comments, traders see just one rate hike next year

Market pros expected to hear dovish comments from Fed Chairman Jerome Powell so when he said the neutral rate is close, many took it to mean the Fed will stop hiking rates sooner than previously indicated. BMO U.S. rates strategist Jon Hill says that after Powell’s comments, the futures market went from pricing in 1.6…

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Frenemies? Trump Vs. The Fed

A reasonable US Federal Reserve rate is the key component to the US dollar value on international foreign exchange market. The higher the Fed’s rate is, the stronger the US dollar is. Subsequently, softer monetary policy result in a weaker greenback against majors and national currencies of emerging markets. However, the regulator’s monetary stance is…

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Former Trump Adviser, Gary Cohn, just made his Next Career Move to a Blockchain Startup

Cohn, who left the Trump administration in March, said he has always had interest in the blockchain. This prompted him to link up with Fintech blockchain start-up, as was disclosed by the company in a press release on Friday. Spring Labs, a  venture capital supported start-up, which has offices in Los Angeles and Chicago, is…

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Trump vows 'great and fast' economic retaliation on China if it goes after American farmers

Late Monday the U.S. officially announced tariffs on another $200 billion of Chinese imports in an escalating trade dispute with China. China said Tuesday it would slap duties on another $60 billion of American imports in response. In a pair of tweets Tuesday, President Donald Trump said China was trying to influence the U.S. election…

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China central bank official rebuts Trump's claim it is manipulating the yuan

China is not manipulating the yuan, the official, Li Bo, is quoted as saying in a report in the South China Morning Post. He told reporters in Beijing the country would not use its currency as a weapon in a trade war. The yuan has fallen sharply against the dollar as the trade war between…

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As the Fed meets, the specter of pressure from Trump and the market looms

President Donald Trump’s recent criticism of the Fed and its desire to keep raising rates was unusual from a historical perspective. The Fed has increased its interest rate benchmark five times since Trump has been in office and is on track for two more this year. However, it likely would take a market disruption for…

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Trump rips into 'The Amazon Washington Post' after report on North Korea talks

Shares of Amazon fell nearly 2 percent in early trading before paring half the losses. Trump has long called for greater taxes on Amazon, saying in January that the company’s dominance was hurting American retailers. President Donald Trump is again taking aim at Amazon for “using” the U.S. Postal Service as its “delivery boy,” raising…

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US trade talks with Mexico making 'good progress:' Kudlow

Larry Kudlow, the top White House economic advisor, said the U.S. is making “good progress” with Mexico in trade talks. Kudlow said he could not discuss specifics but called the discussion with Mexico area a “promising avenue,” unlike talks with China, which have stalled. The U.S. is making “good progress” in trade talks with Mexico,…

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Buy Nukes with Bitcoin, Get Free Crypto, & Africa Poised for Adoption – BTC & Cryptocurrency News

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Cryptos Mentioned in Earning Calls More Than Trump, Tariffs, And Just Little Less Than Even Interest Rates

Cryptocurrencies are seemingly talk of town in business halls across America and much of the western world according to sentiment data. For the first quarter of 2018, cryptocurrencies, which includes bitcoin, ICOs, ethereum, and so on, were mention in 6,000 earning calls documents. In contrast, Trump was mentioned in only 200. Interest in tariffs has…

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A stock rally will occur when Beijing and Washington agree a deal on trade, says Renaissance Capital. The investment bank claims the deal won’t be enough to satisfy President Trump’s protectionist instincts. Renaissance Capital compares Trump’s situation with China to that of Reagan and Japan in the 1980s. A relief rally in stocks will arrive…

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What World Leaders Think About Crypto, and How They Want Decentralization to Bolster Centralised Power

Given the apparent sensitivity of cryptocurrency markets to regulatory and political developments, it stands to reason that the world's leaders —  and what they think about crypto — will be vitally important in determining the direction the cryptocurrency market will travel in the future. Many leaders have been willing to sit back over the past…

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How Did I Become Interested in QAnon and Pizzagate?

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Cryptos Slightly Up Following Trump and Kim "Prelude to Peace" in Korea

Bitcoin, ethereum, bitcoin cash, and much of everything else, is slightly up today following a meeting in Singapore between Donald Trump and Kim Jong Un who called the historic shaking of hands a “prelude to peace.” The two agreed in a joint statement to “the promotion of peace, prosperity, and security of the Korean Peninsula and…

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Fed will ignore G-7 trade spat and announce new rate hikes, economist says

Market players are monitoring the rhetoric surrounding trade between the U.S. and the other six world-leading economies after divergences at the G-7 summit over the weekend. But, the trade tensions are likely to be ignored by the Fed given the positive economic data in the U.S., according to Jim O’Sullivan, chief U.S. economist at High…

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Analyst: Owning Washington Post makes Bezos target of Trump, and that's not great for Amazon investors

Owning the paper makes Amazon’s Jeff Bezos a “lightning rod” for attacks by President Trump, says Canaccord Genuity’s Michael Graham. Graham says Trump’s criticism is “partially political” and partially “well-placed” in terms of getting Amazon to pay “their fair share of taxes.” Amazon founder Jeff Bezos’ personal ownership of The Washington Post makes him a…

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BREAKING NEWS TODAY, CRYPTOCURRENCY NEWS, NORTH KOREA NEWS, PRES TRUMP BREAKING NEWS

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US-China trade agreements are ‘face-saving’ and ‘lose-lose,’ says Moody’s chief economist

Triumphant tones coming from the White House over the weekend are ‘face-saving’, Moody’s chief economist said Monday. Trade experts have argued that Chinese demand for U.S. products will not sufficiently increase to the point where it would significantly up its purchases of American goods. U.S. Treasury Secretary Steven Mnuchin announced Sunday that a looming trade…

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