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Latest: Confusion for LA dispensaries as legal pot begins

Mon, 01/01/2018 - 10:21am

The Latest on recreational marijuana sales in California (all times local): 7:00 a.m. Attorneys advising a group of Los Angeles dispensaries have concluded that those businesses can continue to legally ...

US VP Pence's Planned Visit to Israel Up in the Air Again

Mon, 01/01/2018 - 10:15am

Jerusalem (AP) -- Israel's Foreign Ministry on Monday said an expected visit by U.S. Vice President Mike Pence appears to have been postponed again.

The Winklevoss Twins Are The First Bitcoin Billionaires

Mon, 01/01/2018 - 10:09am - Tyler and Cameron Winklevoss – the brothers who alleged that Mark Zuckerberg stole the idea for Facebook (NASDAQ:FB) from them, own one of the largest Bitcoin portfolios in the world. After they won $65 million in a lawsuit against Facebook in 2011, the twins invested $11 million in Bitcoin. Back then, Bitcoin cost $120. The twins once bragged that they owned 1% of all Bitcoin, which amounts to approximately 1.5 million coins in all. They have reportedly not touched any of their holdings; they’ve just watched their wealth grow. Today, with a single Bitcoin valued at more than $15,000, the brothers’ Bitcoin investment is worth well over $1 billion. The brothers have launched the Gemini cryptocurrency exchange and also tried to create a Bitcoin ETF, but failed to get SEC approval. Perhaps now that Bitcoin futures has arrived, their ETF idea will get reconsidered and open the door for more institutional investing. Either way, with $1 billion in the digital bank, the brothers are the first Bitcoin Billionaires.

New year, new tax brackets. Here's where you stand

Mon, 01/01/2018 - 10:00am

The tax code will undergo major changes on Jan. 1, starting with your income tax brackets. Here's what it means for you.

Goldman Sachs Sees Economy Stregthening in 2018, Warns About Crypto, Credit

Mon, 01/01/2018 - 9:51am - Goldman Sachs (NYSE:GS) expects the U.S economy to be robust in 2018, but warns about potential detrimental effects from the credit and cryptocurrency markets. Jan Hatzius, economist at Goldman Sachs noted Friday in a report that "Asset valuations in some areas - especially credit - have risen to high levels by historical standards. While we have not seen the type of large credit expansions that would be most worrisome for Fed officials concerned about financial imbalances, there are now some signs of speculative behavior in financial markets, for example the cryptocurrency boom."Among other predictions made by Hatzius for 2018, he sees four Federal Reserve rate hikes, a 3.5% unemployment rate, and the GDP growing at 2.6%. According to the report, core inflation is expected to continue rising in 2018, and U.S wage growth is expected to resume.However, the crash of a potential bubble in cryptocurrency assets, fueled by returns of over 1290% for Bitcoin in 2017 could derail what is projected to be a strong year for the U.S economy.

Here's when Google, Samsung, and LG's 2018 flagships will potentially launch (GOOGL)

Mon, 01/01/2018 - 8:45am

The devices on the list are all expected to run Qualcomm's Snapdragon 845 processor. The release dates of many of the devices had already been rumored. As 2017 rapidly comes to a close, many smartphone manufacturers are likely in hyper drive, putting the finishing touches on their 2018 devices.

Recreational marijuana is now for sale in California — here's what you need to know

Mon, 01/01/2018 - 8:30am

Sales of non-medical marijuana began on Monday, January 1. Adults over the age of 21 can buy up to an ounce of marijuana and grow as many as six plants at home without a doctor's letter. California has issued temporary licenses to over 40 dispensaries, which allows them to sell non-medical marijuana starting January 1.

The Best Marijuana Stocks to Buy in 2018

Mon, 01/01/2018 - 8:21am

These pot stocks all have one big thing in common: location.

The First Thing You Should Do in 2018

Mon, 01/01/2018 - 8:19am

Here's a new twist on some well-worn advice.

Cutting Social Security Benefits Might Actually Be a Good Idea -- Hear Me Out

Mon, 01/01/2018 - 8:06am

Though the American public overwhelmingly supports raising tax revenue in order to fix Social Security, cutting benefits might also be a prudent choice.

The 3 Worst Dow Stocks in 2017

Mon, 01/01/2018 - 7:48am

Find out what's behind the slumps for these blue chip companies.

Air Force Could Test "Flying Aircraft Carriers" as Early as Next Year

Mon, 01/01/2018 - 7:03am

Next step: Building stealthy motherships.

Social Security: 3 Great Reasons to File for Benefits at 62

Mon, 01/01/2018 - 6:01am

Don't let pressure to wait stop you from making a smart decision in these three situations.

3 Secrets for a Better Retirement in 2018

Mon, 01/01/2018 - 6:00am

So you can improve your finances and have some fun.

David Bach’s Tips for Couples Who Want to Finish Rich

Mon, 01/01/2018 - 5:00am

Watch these tips from David Bach's updated book "Smart Couples Finish Rich."

Bitcoin Cash, Litecoin and Ripple Daily Analysis – 01/01/18

Mon, 01/01/2018 - 2:07am

Ripple eases up through the early part of the day, but remains the headline following the weekend’s record breaking rally. Volumes are on the lighter side, with the markets likely to see more action tomorrow.

This Week: Fed minutes, Walgreens results, Nonfarm payrolls

Mon, 01/01/2018 - 12:05am

A look at some of the key business events and economic indicators upcoming this week: BETWEEN THE LINES The Federal Reserve releases minutes from the recent two-day meeting of its policymakers on Wednesday. ...

THE REUTERS GRAPHIC-A visual that shows just how many Rohingya villages have been burned

Sun, 12/31/2017 - 10:57pm

In the four months since the Myanmar military began a crackdown after Rohingya militants attacked an army base and police posts on Aug. 25, around 655,000 members of the stateless Muslim minority have fled the western state of Rakhine and crossed into neighbouring Bangladesh. A Reuters graphic makes use of data from the U.N. Operational Satellite Applications Programme (UNOSAT) to show hundreds of villages in Rakhine state that were once inhabited by the Rohingya, but have now been burned down. A total of 354 villages have either been completely or partially destroyed, Human Rights Watch said on Dec. 18.

North Korea Signals Olympics Truce, Seeks Talks With Seoul

Sun, 12/31/2017 - 9:22pm

North Korean leader Kim Jong Un called for urgent talks with South Korea to make the Winter Olympics next month a success even while repeating claims that he could strike the U.S. with a nuclear bomb if ...