December 15, 2019

Business

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'Jumanji: The Next Level' ends 'Frozen 2' box office top spot run
Business

LOS ANGELES (AP) — “Jumanji: The Next Level” puts “Frozen 2” on second-place ice, while Clint Eastwood’s “Richard Jewell” opened with one of the worst box office debuts for the director.The Sony film starring Dwayne Johnson and Kevin Hart brought in $60.1 million in the U.S. and Canada to break a three-day record for a comedy in December for the production company. The sequel is a followup to 2017's "Jumanji: Welcome to the Jungle," which grossed $962 million worldwide.A week before it opened in North America, Sony's "Jumanji: The Next Level" debuted in 18 international countries where it made $52.5 million.“Frozen 2” dropped to second place with $19.2 million domestically after claiming top box office spot for three straight weeks, earning $367 million since its Nov. 22 release. The animated film following the adventures of Anna and Elsa crossed the $1 billion mark globally to become Disney Animation's third billion-dollar project along with “Frozen” and “Zootopia.” It also became Walt Disney Studio's sixth billion-dollar release in 2019.
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Museum exhibits worth planning a trip around in 2020
Business

If history, art and eclectic adventures are what you seek out when you travel, you'll have plenty of excuses to pull off the road in 2020.From a retrospective celebrating 25 years of outsider art to fresh shrines devoted to everything from eyesight to motion pictures, from shoes to rodeo culture, here are museum exhibitions worth planning a trip around this year.In early December, Macon, Georgia celebrated the reopening of the Capricorn Sound Studios, which captured the music of the Allman Brothers and other bands playing a new musical genre dubbed "Southern rock" during the 1970s.The new Mercer Music at Capricorn now operates as a music incubator, with the Museum at Capricorn opening on Jan. 2 to tell the history of the iconic studio with artifacts, photos, recordings, album art and music-filled interactive digital kiosks. (Museum admission: $7; Studio tour: $5)
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5 Security Trends to Watch in 2020
Business

Personal and corporate privacy continue eroding away as cyberattacks and data breaches become more common. In the first half of 2019 alone, more than 4.1 billion data records were exposed in known data breaches. The average cost of data breaches for affected companies is now nearly $4 million per business.Standing guard while our society becomes ever more dependent on technology is the $120 billion cybersecurity industry, which is expected to grow to $300-plus billion by 2024. With the coming ages of AI and IoT, we stand to benefit from having an internet-connected home, vehicle or daily schedule in order to further automate and organize our lives. But we have to ask ourselves: What are the potential hidden costs of becoming more connected? With a hacking attack occurring every 39 seconds, it’s imperative that companies have the necessary security measures in order to survive as a formidable business. With the end of 2019 quickly approaching, here are five of the top security trends to look out for in 2020.
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'Any growth is more than we can afford': Carbon dioxide pollution hits record high as planet warms
Business

It's been yet another decade of lost opportunity to act on climate change.The planet's average temperature has warmed over 1 degree Celsius since the Industrial Revolution, and is on pace to heat up by 1.5 degrees more within 20 years. The 2015 Paris Agreement to keep global temperature increases under 2 degree C during this century is now seen as unattainable. And the world has already experienced a slew of climate disasters in recent years, including: rapid ice melt and fires in the Arctic; wildfire destruction in places like Indonesia, Australia, California and Brazil; massive bleaching of the Great Barrier Reef; and deadly hurricanes, heatwaves and droughts.At the close of this decade, global carbon dioxide emissions are now projected to hit 37 billion tons in 2019. That sets another record for a third consecutive year and veers countries further off course from combating global warming.
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Sorry, Seniors: 2020's Social Security Raise Is a Big Disappointment
Business

If you're heavily dependent on Social Security to pay the bills in retirement, then you're no doubt aware of how important your annual cost-of-living adjustments, or COLAs, are. Without those raises, your monthly benefit would otherwise stay the same indefinitely, resulting in a situation where you lose significant buying power year after year as inflation rears its ugly head.But the news on the COLA front isn't so encouraging going into 2020: Seniors will only be getting a 1.6% boost in their benefits, which pales in comparison to the 2.8% COLA they received going into 2019. Considering the average beneficiary today collects $1,479 a month, that's a mere $23.66 extra on a monthly basis.But wait -- there's more to the story.Because the standard monthly Medicare Part B premium is climbing from $135.50 in 2019 to $144.60 in 2020, we need to subtract $9.10 from that $23.66 to account for that increase (keeping in mind that seniors on Social Security pay their Part B premiums directly from their benefits). After that's accounted for, beneficiaries are looking at just $14.56 extra per month, or $174.72 per year. That's hardly enough to keep up with rising living expenses, particularly medical costs, which explains why so many seniors are no doubt extremely disillusioned with their latest raise.
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China suspends planned tariffs scheduled for December 15 on some U.S. goods
Business

SHANGHAI (Reuters) - China has suspended additional tariffs on some U.S. goods that were meant to be implemented on Dec. 15, the State Council’s customs tariff commission said on Sunday, after the world’s two largest economies agreed a “phase one” trade deal on Friday. The deal, rumors and leaks over which have gyrated world markets for months, reduces some U.S. tariffs in exchange for what U.S. officials said would be a big jump in Chinese purchases of American farm products and other goods. China’s retaliatory tariffs, which were due to take effect on Dec. 15, were meant to target goods ranging from corn and wheat to U.S. made vehicles and auto parts. Other Chinese tariffs that had already been implemented on U.S. goods would be left in place, the commission said in a statement issued on the websites of government departments including China’s finance ministry.
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Chinese diplomats who drove onto military base kicked out of US: report
Business

Chinese Embassy officials who drove onto a military base in Norfolk, Va., in late September have been kicked out of the U.S., the first such expulsion since 1987.Two embassy officials and their wives entered a base that includes Special Operations forces, The New York Times reported on Sunday. The officials drove to a base checkpoint, and when they were denied entry, were allowed to pull in just to turn around and exit, people familiar with the incident told The Times.The two countries were in the middle of tense trade negotiations at the time. They agreed to a "phase one" deal last week.When fire trucks blocked them from driving deeper into the base, the officials blamed the situation on their lack of English understanding.One of the men was an intelligence officer operating under diplomatic cover, The Times reported. Chinese officials with such protections have been arriving unannounced at government facilities more and more, American officials told The Times.
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Prime Leverage: How Amazon Wields Power in the Technology World
Business

Software start-ups have a phrase for what Amazon is doing to them: ‘strip-mining’ them of their innovations.ByDaisuke WakabayashiSEATTLE — Elastic, a software start-up in Amsterdam, was rapidly building its business and had grown to 100 employees. Then Amazon came along.In October 2015, Amazon’s cloud computing arm announced it was copying Elastic’s free software tool, which people use to search and analyze data, and would sell it as a paid service. Amazon went ahead even though Elastic’s product, called ElasticSearch, was already available on Amazon. Within a year, Amazon was generating more money from what Elastic had built than the start-up, by making it easy for people to use the tool with its other offerings. So Elastic added premium features last year and limited what companies like Amazon could do with them. Amazon duplicated many of those features anyway and provided them free.
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UK's Johnson pushes for Brexit deal before Christmas
Business

By MIKE CORDER Associated PressLONDON (AP) — There will be no letup for U.K. lawmakers worn out after Britain's bruising election campaign. Prime Minister Boris Johnson is set to begin "before Christmas" the push to secure Parliamentary approval for his Brexit deal.Buoyed by its landslide victory in Thursday's election, Johnson's Conservative government plans to move fast to make good on his campaign mantra to "get Brexit done." That means ensuring legislation known as the Brexit withdrawal agreement bill is passed in time for the U.K. to complete its historic departure from the European Union by the current deadline of Jan. 31.Conservative Party lawmaker Rishi Sunak on Sunday told the BBC that Brexit-enabling legislation will be "back to Parliament before Christmas."The Conservatives won 365 of the 650 seats in the House of Commons. Labour took 203 seats, its worst total since 1935. With a Conservative majority of 80, the tortured wrangling that has been a hallmark of Brexit debates since Britain's 2016 referendum on its EU status should be consigned to history.
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U.S.-China trade deal 'totally done,' will expand U.S. exports: Lighthizer
Business

WASHINGTON (Reuters) - The “phase one” U.S.-China trade deal will nearly double U.S. exports to China over the next two years and is “totally done” despite the need for translation and revisions to its text, U.S. Trade Representative Robert Lighthizer said on Sunday. Lighthizer, speaking on CBS’ “Face the Nation” program, said there would be some routine “scrubs” to the text but “this is totally done, absolutely.” Lighthizer said a date and location for senior U.S. and Chinese officials to formally sign the agreement is still being determined. The deal, announced on Friday after more than two and a half years of on-and-off negotiations between Washington and Beijing, will reduce some U.S. tariffs on Chinese goods in exchange for increased Chinese purchases of U.S. agricultural, manufactured and energy products by some $200 billion over the next two years.
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China pulls English Premier League game after Arsenal player slams Uighur crackdown
Business

China's state broadcaster pulled Sunday's English Premier League match between Arsenal and Manchester City because of Arsenal's Mesut Ozil, who called out the Chinese government for its treatment of Uighur Muslims."Qurans are burned, mosques were closed down, Islamic theological schools, madrasas were banned, religious scholars were killed one by one. Despite all this, Muslims stay quiet," Ozil wrote on Twitter on Friday, according to a translation by NBC News.Ozil is a Muslim of Turkish descent.Arsenal responded by distancing itself from Ozil's remarks with a post on China's Weibo platform, according to Sky Sports."The content he expressed is entirely Ozil's personal opinion," the club wrote. "As a football club, Arsenal always adheres to the principle of not being involved in politics."
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3 High-Risk, High-Reward Stocks to Add to Your Watch List Rich Duprey | Dec 15, 2019
Business

While large rewards are reserved for those who take big risks, it's not a given that one will always follow the other. You can lose your shirt investing blindly. That's why smart investors will seek out such rewards only after first understanding the risks.Below are three companies that offer different kinds of risk for the wary investor. Knowing ahead of time what the potential pitfalls are will ensure that you can make an educated investment decision and possibly reap the windfall if their game plans pay off.Marijuana stocks are still a dicey proposition in the U.S., despite the growing number of states legalizing pot. Curaleaf(OTC:CURLF), though, is one of only a handful of pot stocks with a billion-dollar market valuation, and at $2.8 billion it is the largest U.S.-based one. It also enjoys rising sales with the potential to see them scale dramatically higher over the next year.
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Why Persistence Wins Out in Hollywood
Business

Actor and musician Ryan Ochoa provides insights on how to make it in Hollywood, the importance of having the right support system and the best way for artists to handle rejection.Ochoa and The Playbook host David Meltzer discuss a range of topics including the similarities between the competitive sports and entertainment industries, how to build a personal brand that appeals to people of all ages and making the most of your platform by giving back to your fans. The pair also talk about establishing a legacy for yourself and your family, as well as what it means to do things the right way.Related: These Philly Entrepreneurs Know the Value of Filling a Room With Creatives and Culture
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German union calls for pre-Christmas Amazon strike
Business

BERLIN (Reuters) - Trade union Verdi called for workers at a key Amazon (AMZN.O) logistics center in Germany to go on strike over the crucial final shopping days before Christmas, demanding better pay and conditions for workers there. Unions have staged repeated strikes in Germany, Amazon’s second-largest market after the United States, since 2013, hoping to force the retail behemoth to recognize collective bargaining agreements that apply to other retail employees. “Verdi wants to use the high-turnover days before Christmas to raise the pressure for collective wage bargaining at Amazon,” the union said in a statement on Sunday, saying that staff Christmas bonuses should be quadrupled from their current level of 400 euros ($441).
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Top-5 Cryptos This Week: ATOM, XTZ, LINK, BCH, NEO
Business

Tom Jessop, the president of Fidelity Digital Assets, said that the absence of a long track record is one of the main reasons that is keeping the institutional investors at bay from investing in cryptocurrencies. As the asset class is only 10 years old, Jessop said that the institutions question the durability and longevity and are unsure whether it would be around tomorrow. However, he said that these concerns are likely to be resolved with time. Even among the investors, the perception has been that crypto investing is largely male-dominated. Nonetheless, a survey by Bitcoin (BTC) fund operator Grayscale has found that 43% of the investors who showed interest in Bitcoin were women. Interestingly, 47% of women believe this is the right time to buy Bitcoin, compared to 39% of men who share the same opinion.
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Major states snub calls for climate action as U.N. summit wraps up
Business

MADRID (Reuters) - A handful of major states resisted pressure on Sunday to ramp up efforts to combat global warming as a U.N. climate summit ground to a delayed close, prompting sharp criticism from smaller countries and environmental activists. The COP25 talks in Madrid were viewed as a test of governments’ collective will to heed the advice of scientists to cut greenhouse gas emissions more rapidly in order to prevent rising global temperatures from hitting irreversible tipping points. But the conference, in its concluding draft, endorsed only a modest declaration on the “urgent need” to close the gap between existing emissions pledges and the temperature goals of the landmark 2015 Paris climate agreement.
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The 5 Best Tech Stocks of the Decade Nicholas Rossolillo | Dec 15, 2019
Business

In the aftermath of the financial crisis of 2008-09, technology took over as the driving force of the economy. Indeed, the last decade has been marked by massive changes in the way we work, play, and interact with each other. No part of our world has gone untouched, from banking services to entertainment, software to hardware, personal life to business life.The technology movement has since gone by various names: the age of mobility; the fourth industrial revolution; and a more recent buzzword, digital transformation. Whatever you want to call it, it's been a massive win for investors in the 2010s and is set to continue delivering big gains in the years ahead.Here's a look at the top performers from the last decade, and what they mean for the 2020s.When it comes to the best technology stocks, investors are quick to think of industry leaders and tech giants like Facebook, Amazon, Apple, Netflix, and Google parent Alphabet. These so-called FAANG stocks did lead the charge in reshaping the world we live in today, but only one of those names made it into the top-five best-performing technology plays.
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'Total disconnect': Voices from marathon Madrid climate summit
Business

MADRID (Reuters) - A U.N. climate summit closed on Sunday with major states snubbing calls for tougher action to combat global warming, prompting sharp criticism from smaller countries and environmental activists. Here are some key quotes from the final days of the COP25 summit: U.N. Secretary-General Antonio Guterres: “The international community lost an important opportunity to show increased ambition on mitigation, adaptation and finance to tackle the climate crisis. We must not give up and I will not give up.” Sofie Nordvik, Norway’s youth delegates: “We lack the ambition needed to avoid this climate emergency. Our leaders need to step up. The world would have looked very different if young people were in charge today.”
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Why You're Probably Underestimating How Much You'll Need in Retirement
Business

Figuring out how much you'll need to have saved for retirement can be really complicated. While there are a few different ways to calculate what's needed to support you, many people base their estimates on outdated rules or forget big expenses they'll likely incur. You don't want to set your savings goals too low and end up running out of money. So it helps to know some of the common reasons people often save too little. Here are four of them. This rule says you can make a withdrawal in your first year of retirement equal to 4% of your investment account balance. Then, you can increase withdrawals each year to match inflation. This is supposed to protect you from running out of money.But the 4% rule is outdated. Projected returns for invested funds are lower than they used to be thanks to falling bond rates, people are living longer, and healthcare costs have increased rapidly. There's now a pretty good chance you'll run out of money if you follow the 4% rule. 
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3 Marijuana Stocks to Buy Before the End of the Year Keith Speights | Dec 15, 2019
Business

For most marijuana stocks, 2019 has turned out to be a very disappointing year. Investors could be tempted to throw in the towel altogether. But there are still some marijuana stocks with plenty of room to run.Three marijuana stocks, in particular, look like smart picks to buy sooner rather than later: Cresco Labs(OTC:CRLBF), Innovative Industrial Properties(NYSE:IIPR), and Valens GroWorks(OTC:VGWCF). Initiating positions in these stocks before the end of the year makes sense. Here's why.Cresco Labs started off 2019 with a bang, rising more than 90% by late April. However, the stock ultimately gave up all of those gains and then some. But Cresco should have brighter days ahead in 2020.One reason to consider buying Cresco shares before the end of the year is that doing so would allow you to get in ahead of the acquisition of Origin House. Thanks to a revision of the acquisition agreement, the price tag is now more favorable for Cresco. Origin House shareholders vote on the deal on Dec. 31, 2019. Assuming the buyout wins shareholder approval, Cresco will soon become a much bigger company and gain a great cannabis distribution operation in California and several solid cannabis brands.
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If You Invested $5,000 in Microsoft's IPO, This Is How Much Money You'd Have Now
Business

Microsoft(NASDAQ:MSFT) is well known for its Windows and Office software. Its software is so widely used that Microsoft is one of the few companies to have reached a market capitalization of $1 trillion.The brand wasn't quite so ubiquitous 33 years ago. When Microsoft first sold shares to the public in 1986, the market cap was less than $700 million. That would make it a small-cap stock by today's standards.Obviously, Microsoft stock has created tremendous wealth for investors over the years. Let's look at how much a $5,000 investment would be worth today if you had bought the stock at the initial public offering (IPO) price.Microsoft had its IPO on Mar. 13, 1986. The original trading price was $21. The stock split nine times over the years, with two of those being 3-for-2 splits. (A quick note about how splits work: In a typical 2-for-1 split, shareholders receive two shares for every one share they own. The stock price is then adjusted proportionally so that the value of the investment remains the same as before the split.)
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Bitcoin Floats Around $7,100 as Top Altcoins See Slight Growth
Business

Sunday, Dec. 15 — most of the top 20 cryptocurrencies are reporting slight growth on the day by press time, as Bitcoin (BTC) hovers around the $7,100 mark again.Market visualization courtesy of Coin360Bitcoin price is currently up by 0.28% on the day, trading at around $7,097 at press time, according to Coin360. Looking at its weekly chart, the coin is down by about 6.17%.Bitcoin 7-day price chart. Source: Coin360As Cointelegraph reported yesterday, a report published on Dec. 4 by Bitcoin fund operator Grayscale suggested that 43% of investors interested in Bitcoin are women.Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $15.8 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $9.5 billion at press time.Coin360 data shows that ETH has seen its value increase by about 0.51% over the last 24 hours. At press time, ETH is trading around $143. On the week, the coin has also lost about 5.9% of its value.
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Why Did Philadelphia's Libraries Just Eliminate Late Fees?
Business

If you've got overdue books from the Philadelphia Free Library, then I've got good news: You can now return them and not have to pay any late fees. That's because the library’s Board of Trustees this week approved a measure that eliminates overdue fines. Philly isn't the only system to do this. Major cities like Chicago, San Francisco and Salt Lake City have also taken similar actions over the past few years.There are some caveats to this rule. For example, new books can't be checked out unless overdue ones are returned and lost, and damaged books must be paid for or replaced. But for the most part, as of sometime next year, library customers can start bringing back those older, overdue books without fear of being charged.
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'SNL' plugs Peacock streaming service in Johansson opening monologue
Business

Scarlett Johansson returned to "Saturday Night Live" over the weekend to host the show for her sixth time, and the writers managed to work in a cheeky plug for NBC's upcoming streaming service Peacock during the "Avengers: Endgame"-themed opening monologue.The service debuts in four months in an increasingly crowded field of streaming choices.Saturday night's opening monologue begins with the Marvel Cinematic Universe actress mentioning her fiancé, SNL co-head writer and Weekend Update co-host Colin Jost, before being joined by her longtime "Elf on the Shelf," Tweezil, played by Aidy Bryant.Tweezil turns into dust, as do "SNL" cast members Mikey Day and Beck Bennett, while Johansson and Kenan Thompson attempt to get to the bottom of it.PEACOCK WILL GET $2 BILLION TOWARD STREAMING CONTENT: COMCAST CFO
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12 Investing Tips From Charlie Munger That You Need to Hear
Business

Charlie Munger has helped Warren Buffett build Berkshire Hathaway(NYSE:BRK-A)(NYSE:BRK-B) into a $540 billion masterpiece of American capitalism. As the company's vice chairman, he has amassed a billion-dollar fortune and created vast wealth for Berkshire's shareholders along the way.Yet Munger's greatest contribution is arguably the incredible quantity of wisdom he's shared with investors over the past several decades. Here are a dozen pieces of this legendary investor's most valuable advice.Reading voraciously will make you a better investor and help you improve in many other areas of your life. Follow your interests, but read broadly and deeply.Staying within your circle of competence helps to reduce risk. It's good to continuously expand your base of knowledge and understanding, but venturing too far outside it when selecting investments is a recipe for disaster.
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Understand the Numbers in Your Business with This Intuit QuickBooks Training
Business

Every entrepreneur has to understand the numbers in his or her business. Data is one thing, but knowing how to effectively and responsibly manage the businesses' finances is even more important. Sure, you can hire an accountant, but if you're just starting out, that may not be a sustainable move. Try learning QuickBooks instead with The QuickBooks 2019 Master Class.Whether you're running an individual enterprise, a 10-person company, or a multi-national corporation, it's worth learning QuickBooks. (Although you probably have people to do the day-to-day accounting at a multi-national corporation.) Businesses of all sizes use QuickBooks because it's perhaps the most comprehensive accounting program on the market. In the 7-hour QuickBooks 2019 Master Class, you'll learn how to create and access profit/loss statements and balance sheets, customize reports, and even manage your taxes from start to finish using QuickBooks' tools. Before you know it, you'll be able to make sense of financial reports, instantly create accurate bookkeeping documents, and much more using QuickBooks.
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US will double exports to China under 'phase one' deal: Lighthizer
Business

U.S. Trade Rep. Robert Lighthizer told CBS "Face the Nation" that the U.S. will double its exports to China under the "phase one" trade deal."By the second year, we will just about double exports of goods to China, if this, if this agreement is in place," Lighthizer said. "Double exports. We had about 128 billion dollars in 2017. We're going to go up at least by a hundred, probably a little over one hundred.""Just massive numbers," he said.CHINA DELAYS TARIFFS ON US AUTOS, OTHER GOODS IN TRADE DEALThe U.S. and China agreed to a "phase one" trade deal Friday that would reduce tariffs on some Chinese goods and could be a boon to American farmers who have been hard hit by the 19-month trade war."This is totally done," Lighthizer said on Sunday after months of mixed signals that had the media and the public wondering if China and the U.S. would ever stay at the table long enough to make any kind of deal.
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Aramco shares up 1.6% in third consecutive day of gains
Business

DUBAI (Reuters) - Saudi Aramco (2222.SE) shares gained for a third consecutive day on Sunday, rising 1.63% to 37.4 Saudi riyal ($9.97), pushing the company’s value back toward the $2 trillion level it topped last week. The state-owned oil company listed 1.5% of its shares at 32 riyals on Riyadh’s Tadawul exchange .TASI on Dec 11 in the world’s largest initial public offering (IPO). Initially valued at $1.7 trillion, the shares topped $2 trillion, a value long sought by Saudi Crown Prince Mohammed bin Salman, last Thursday. The IPO is the centerpiece of the Saudi leader’s plans for diversifying the economy away from its dependence on oil. Additional demand, particularly from “passive” investors, is expected this week, as Aramco’s shares will join the Tadawul index and global benchmarks such as MSCI.
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Microsoft Revives Nonfungible Tokens, Sparks Industry's Imagination
Business

Ever since the game CryptoKitties was released in November 2017, the concept of nonfungible token has been ingrained in the minds of developers and investors in the crypto community. However, 2019 has been the year that NFTs have gained mainstream attention. And it should come as no surprise that even huge, multinational companies are currently developing NFT projects.Recently, Mirosoft’s blockchain-based cloud platform, Azure, released its own nonfungible tokens program called “Azure Heroes” with the aim of rewarding its developer community.Azure HeroesThrough Azure Heroes, Microsoft is on a mission to empower technical practitioners of all backgrounds. With that as the objective, it has created a tool to inspire the community to learn, coach and build on Azure while promoting healthy and inclusive behavior.
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Fidelity Digital Assets to Consider Rolling Out Ether Support in 2020
Business

Tom Jessop, the president of Fidelity Digital Assets, the cryptocurrency trading arm of United States financial services giant Fidelity, announced that the firm may add support for Ether (ETH) in 2020 is there is sufficient demand for it.During an interview with industry news outlet TheBlock published on Dec. 13, Jessop answered questions about the firm. When asked about the possibility Fidelity Digital Asset may support Ether in the future, he said: “We've done a lot of work on Ethereum. We intend to support it in the New Year. We're very led by our clients.”Institutional crypto adoptionJessop also said that the main obstacles to institutional crypto adoption are price volatility, lack of regulatory clarity, and perhaps most importantly, absence of track record. He explained that he believes these problems will be alleviated with time:
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Aramco shares inch up in early Sunday trade
Business

DUBAI (Reuters) - Saudi Aramco (2222.SE) shares were up 1% at 37.2 riyals ($9.89) in early trade on Sunday. The state-owned oil company listed 1.5% of its shares at 32 riyals on Riyadh’s Tadawul exchange .TASI on Dec 11 in the world’s largest initial public offering (IPO). Initially valued at $1.7 trillion, the shares have since hit $2 trillion, a value long sought by Saudi Crown Prince Mohammed bin Salman. The IPO is the centerpiece of the Saudi leader’s plans for diversifying the economy away from its dependence on oil. Some 406 million Aramco shares had traded as of 0841 GMT on Sunday, Refinitiv data showed. Additional demand, particularly from “passive” investors, is expected this week, as Aramco’s shares will join the Tadawul index and global benchmarks such as MSCI.
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Instacart workers plan week of protest over 'missing tips,' working conditions
Business

The popular grocery delivery app Instacart appears to be unpopular among a key group of people — its workers — who are launching a week of protest on Monday.Instacart workers, known as shoppers, plan to file a claim with the Department of Labor on Monday requesting an audit of Instacart over "missing tips," according to a post on Medium last week.COSTCO WINS BIG IN CHINA"Instacart has been caught misappropriating and manipulating tips several times over the course of years," the post said.The protesting workers will also contact the Occupational Safety and Health Administration about what they say is a "dangerous" lack of weight restrictions on the orders that shoppers fulfill."Many of us have been injured while working and are ineligible for state workers’ compensation programs," the post said.
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Over 70 and Still Working? Here Are 3 Important Things to Know
Business

An increasing number of Americans are working past the traditional retirement age, either because they love what they do or because they can't afford to retire sooner. Continuing to work into your 70s or beyond can provide socialization and a much-needed source of income. It can also affect your taxes, retirement savings, and Social Security benefits in ways you hadn't anticipated. Here are three key things you should know if you plan to work past 70.Required minimum distributions (RMDs) are government-mandated withdrawals from each of your retirement accounts, except Roth IRAs. Retirees must begin taking RMDs at 70 1/2, but you can delay RMDs from defined contribution plans, like 401(k)s, if you are still working and own no more than 5% of the company you work for. In that case, you must begin these RMDs in the year you retire. You can calculate yours by dividing your retirement account balance by the distribution period next to your age in this table.
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This Eco-Friendly Clothing Brand Can Help You Keep Those New Year's Workout Resolutions
Business

For women who like to show some skin without any chance of riding up — these TechSweat Two-Tone Kneecap Leggings hit just below the knee and feature flattering color block patterning in two complementary, muted tones. They’re on sale and perfect for running outdoors during winter and spring.TechSweat Two-Tone Kneecap Leggings — $45 (Outdoor Voices)Also on sale, the Athena Crop Top is a lower support bra top that’s perfect for yoga or pilates, and looks good enough to go to brunch afterward. It comes in multiple jewel tones and is made from a durable, midweight fabric with a high neckline.
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Aramco indicative share price up slightly to 37 riyals
Business

DUBAI (Reuters) - Saudi Aramco’s (2222.SE) shares went up slightly to 37 Saudi riyals ($9.87) in a pre-market auction on Sunday, Refinitiv data showed, putting the company’s market value slightly below $2 trillion. Aramco’s shares closed at 36.8 riyals on Thursday after hitting earlier in the day the $2 trillion price tag long sought by Saudi Crown Price Mohammed bin Salman. Reporting by Davide Barbuscia; Editing by Muralikumar Anantharaman
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Insiders Know Best? What Employee Ratings Reveal About Aurora Cannabis, Canopy Growth, and Cronos Group Keith Speights | Dec 15, 2019
Business

Do happy employees translate to happy investors? Not necessarily. However, happy employees often are more productive and interact better with other team members and customers. They're also more likely to stick around, reducing the company's costs related to turnover. Those should all be good for business and could be positive for investors over the long run.With this in mind, I looked at what the current and past employees had to say about the three biggest Canadian cannabis producers by market cap -- Canopy Growth(NYSE:CGC), Aurora Cannabis(NYSE:ACB), and Cronos Group(NASDAQ:CRON) -- on popular employment website Glassdoor. And what I found was eye-opening. Let's start with the positives. The employees posting reviews about Canopy Growth think quite highly of the company. Canopy received 4.2 stars out of a possible 5.0. That's pretty good -- and (as we'll soon see) a lot better than its top rivals' scores.
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SantaCon: One visit from St. Nick many Americans would rather skip
Business

Christmas is a time when families can come together, friends can exchange gifts and Santa Claus fanboys trade the cookies and milk for something a little stronger.Saturday was the date for at least 65 SantaCon events across the U.S., according to SantaCon.info. For anyone who has never experienced a SantaCon, it’s basically a bar crawl, but the participants dress as Santa Claus or in other holiday-themed costumes.In New York, where organizers say the world’s largest SantaCon is held every year, it’s popular to stay inside and deride the event on social media.Jason Selvig, who started a petition to cancel SantaCon, told FOX 5 New York that the event is “universally hated” in the city.“It’s the worst day of the year,” he told FOX 5. “There’s drunk people all over the city; they’re committing lewd acts.”
DailyHum News
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Run Windows Software on Your Mac and More with This 'Parallels' App Bundle
Business

You love your Mac, but you would probably love it more if it could, well, do more. Turns out, there isn't a whole lot a Mac can't do once you've added the right apps and software. From streamlining your workflow to running Windows programs on your machine, The 2020 Limited Edition Mac Bundle Ft. Parallels Desktop will help you get the most of your Mac.Headlined by Parallels Desktop, this bundle includes 13 award-winning apps. With Parallels Desktop, you can use your Mac to run Windows programs or even graphics-intensive games and CAD programs without compromising your Mac's performance. The bundle also includes PDF Editor, an Apple Editor's Choice winner that makes editing, searching, and scanning PDFs easier than ever. You'll also get productivity tools like XMind 8 Pro for mind mapping, TextExpander for faster typing, RapidWeaver 8 for website building, and more.
DailyHum News
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Turning 65 in 2020? 3 Things You Need to Know
Business

Your 65th birthday is a big milestone to celebrate. If you're turning 65 in the upcoming year, here are a few key points to take note of.Medicare coverage begins at age 65, and your initial window to enroll begins three months before the month of your 65th birthday and ends three months after. You can sign up for Medicare at 65 whether you're working or not, but know this: While Part A, which covers hospital care, is generally free for enrollees, Part B, which covers diagnostic and preventive care, costs money. As such, if you're still working at 65 and have heavily subsidized health insurance through your job, enrolling in Part B right away may not make sense.The way you handle Part A in that situation, however, could depend on whether you're taking advantage of a health savings account (HSA). Since Part A is free, it often pays to enroll as soon as you're eligible, even if you have existing health coverage. Part A will then serve as your secondary insurance, possibly picking up the tab where your primary insurance plan falls short.
DailyHum News
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Major states snub calls for climate action as U.N. summit grinds to close
Business

MADRID (Reuters) - A U.N. climate summit ground toward a delayed close on Sunday with a handful of major states resisting pressure to ramp up efforts to combat global warming, prompting sharp criticism from smaller countries and environmental activists. The Madrid talks were viewed as a test of governments’ collective will to heed the advice of scientists to cut greenhouse gas emissions more rapidly in order to prevent rising global temperatures from hitting irreversible tipping points. But the conference was expected to endorse only a modest declaration on the “urgent need” to close the gap between existing emissions pledges and the temperature goals of the 2015 Paris Agreement to tackle climate change.
DailyHum News
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Exclusive: China's BAIC raising Daimler stake to unseat Geely as top shareholder - sources
Business

BEIJING/HONG KONG/FRANKFURT (Reuters) - Daimler’s (DAIGn.DE) main China joint venture partner BAIC Group has set in motion a plan to double its stake to around 10% and win a board seat in the German luxury car maker, as it aims to upstage rival Geely, two sources told Reuters. State-owned Beijing Automobile Group Co Ltd (BAIC), which already owns a 5% shareholding in Daimler, has started buying the German company’s shares from the open market, said the sources who were briefed on the matter. BAIC is currently Daimler’s third largest shareholder but a stake of 10% will make it the biggest shareholder, surpassing its Chinese automaking rival Zhejiang Geely Holding Group which owns 9.69% of the German automaker and is seeking to expand its partnership with Daimler in China.
DailyHum News
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73% of Americans Are Making This Big Tax Mistake
Business

With 2019 coming to an end, it will soon be time to file your income taxes for the year. And if you're like most Americans, you might be excited to submit your tax returns because you're anticipating a refund.While it's undoubtedly nice to get a big chunk of change back from the IRS, it's actually bad news if you get a big refund. If you do, it means you overpaid the IRS and gave them interest-free use of your money. There's an opportunity cost to this, and it's one you should try to avoid by changing your withholding for next year so you don't make this mistake again.According to recent data from the IRS, around 73.2% of people received refunds after filing taxes in 2019. This is about 96 million people across the country. It's also a slight increase from the prior tax filing year, when just 73.1% of tax filers received a refund.
DailyHum News
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What's the Best Social Security Strategy for Me?
Business

Social Security is a major income source for millions of retired seniors. If you expect to depend heavily on those benefits during your golden years, then it's crucial that you claim them at the right time. Here, we'll help you devise a Social Security filing strategy that makes sense based on your financial needs and circumstances.The age at which you file for benefits will determine how much income you receive from Social Security on a monthly basis. But before we get into choosing the right age, let's understand how those benefits are calculated.To start, the Social Security Administration (SSA) takes your average monthly earnings over your 35 highest-paid years of income, and adjusts those wages to account for inflation. If you're a higher earner, it could be the case that not all of your income counts toward your benefits calculation. That's because Social Security imposes an earnings cap on wages that changes from year to year. Currently, it's $132,900, which means that any income above that level won't influence your benefits (plus, you won't pay Social Security taxes on earnings beyond that point).
DailyHum News
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Mexico objects to labor enforcement provision in North American trade deal
Business

MEXICO CITY (Reuters) - Mexico’s deputy foreign minister, Jesus Seade, said on Saturday he sent a letter to the top U.S. trade official expressing surprise and concern over a labor enforcement provision proposed by a U.S. congressional committee in the new North American trade deal. Top officials from Canada, Mexico and the United States on Tuesday signed a fresh overhaul of a quarter-century-old deal, aiming to improve enforcement of worker rights and hold down prices for biologic drugs by eliminating a patent provision. How labor disputes are handled in the new United States-Mexico-Canada Agreement (USMCA) trade deal was one of the last sticking points in the negotiations between the three countries to overhaul the agreement.
DailyHum News
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Telenor says Huawei will still play role in 5G rollout
Business

BRUSSELS (Reuters) - Telenor (TEL.OL) will use equipment from Huawei in building Norway’s 5G network, the telecoms operator said on Sunday, one of several companies to continue working with the Chinese company despite U.S. pressure. Huawei faces increased official scrutiny in Europe amid U.S. allegations that it poses a security threat. The company rejects the charges. State-controlled Telenor on Friday picked Sweden’s Ericsson (ERICb.ST) to help roll out its fifth-generation (5G) telecoms network. Huawei, with which Telenor has collaborated for more than a decade on 4G, will continue to play a role in modernizing its infrastructure, Hanne Knudsen, Telenor vice president for communications, told Reuters.
DailyHum News
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8 Sources of Income Social Security's Payroll Tax Can't Touch
Business

If you've ever wondered how important Social Security is to the financial well-being of our country, here's a fact to take to heart: Each month, roughly 64 million people receive a benefit check. Of these 64 million, more than a third (22.1 million) are being pulled above the federal poverty line solely because of this guaranteed monthly payout.It takes a lot to fund a program that divvies out 64 million checks a month, and Social Security's 12.4% payroll tax on earned income does much of the heavy lifting. Although Social Security has three sources of income -- the payroll tax on earned income, interest income on its asset reserves, and the taxation of benefits -- it's the payroll tax that was responsible for bringing in $885 billion of the $1 trillion the program collected in 2018.Yet, you might be surprised to learn that more than $1.2 trillion in earnings "escaped" the payroll tax in 2016. In fact, the amount of earnings not subject to the payroll tax has grown from a little over $300 billion in 1983 to $1.2 trillion by 2016. The fact is that not every source of income is taxable by Social Security's payroll tax, and it certainly pays to know which column your income might fall into.
DailyHum News
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The Week in Business: Striking Deals Left and Right
Business

While you were rushing around buying gifts this past week, lawmakers were busy getting along for once (well, at least when it came to international trade). Here’s all you need to know about the latest news in business and tech as we head into the holidays. After more than two years of legal wrangling, the case that kicked off the #MeToo movement may soon come to a conclusion. The film producer Harvey Weinstein has reached a tentative $25 million settlement with more than 30 actresses and former employees who accused him of offenses ranging from sexual harassment to rape. According to the settlement’s terms, Mr. Weinstein would not be required to admit any wrongdoing nor pay anything himself. Instead, the funds would be covered by insurance companies representing the producer’s former studio, the Weinstein Company, which is currently in bankruptcy proceedings. The deal still needs a final sign-off by all parties involved.
DailyHum News
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The 5 Best States to Retire in 2020
Business

Just about everybody likes the idea of retirement, but exactly what they like about it differs greatly. When it comes to deciding where to live in retirement, you'll get countless opinions. Places that seem ideal to one person might look completely unacceptable to another. That makes it tough to come up with a list of top states to retire, because no one will agree on everything that's important in making that key decision.Below, though, you'll find five states that score highly on a number of key areas, including taxes, healthcare, attractions and amenities, and overall affordability. They won't necessarily appeal to everyone, but what they have going for them explains why so many people choose them when it comes time to make good on their retirement plans.Tennessee has a quality of life that's especially attractive to those with musical tastes, as the key cultural center of Nashville attracts millions of visitors every year. Between the Grand Ole Opry and other country music attractions, the state's capital has global appeal, but many also like what smaller cities like Knoxville and Chattanooga have done to ramp up their reputations. From a tax standpoint, Tennessee has a state income tax that applies only on interest and dividend income, and even that tax is set to disappear within the next couple of years. That'll make it easier for those who live on investment income to make ends meet, and modest property taxes also make Tennessee more affordable.
DailyHum News
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Americans' Top 3 Financial Resolutions for 2020 All Hinge on Doing This 1 Thing Maurie Backman | Dec 15, 2019
Business

The start of a new year is a great time to resolve to do better in all areas of life, from improving eating habits to exercising to being more available to family and friends. As such, it's not surprising to see that 67% of Americans are considering a financial resolution going into 2020, according to Fidelity. But when we take a deeper dive into the specific goals that U.S. adults are aiming to achieve, it becomes pretty clear that hitting those targets boils down to one smart financial habit.Here are the three most popular resolutions on the personal finance front going into the new year:Clearly, these are all interrelated. And if you make one simple move, you'll be more likely to achieve these objectives.You don't need to win the lottery in 2020 to save more, spend less, and eliminate debt. You just need to get into the habit of budgeting.
DailyHum News
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China suspends planned tariffs scheduled for Dec. 15 on some U.S. goods
Business

SHANGHAI (Reuters) - China has suspended additional tariffs on some U.S. goods that were meant to be implemented on Dec. 15, the State Council’s customs tariff commission said on Sunday, after the world’s two largest economies agreed a “phase one” trade deal on Friday. The deal, rumors and leaks over which have gyrated world markets for months, reduces some U.S. tariffs in exchange for what U.S. officials said would be a big jump in Chinese purchases of American farm products and other goods. China’s retaliatory tariffs, which were due to take effect on Dec. 15, were meant to target goods ranging from corn and wheat to U.S. made vehicles and auto parts. Other Chinese tariffs that had already been implemented on U.S. goods would be left in place, the commission said in a statement issued on the websites of government departments including China’s finance ministry.
DailyHum News
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Villains or visionaries? Hedge funds short companies they say 'greenwash'
Business

LONDON (Reuters) - Tens of trillions of global investment dollars are pouring into companies touting robust environmental, social and governance credentials. Now short-sellers spy an opportunity. Such hedge funds, often cast as villains of the piece because they bet against share prices, scent a profit from company valuations they believe are unduly inflated by ESG promises or which they say ignore risks that threaten to undermine the company’s prospects. The fact short-sellers, who look to exploit information gaps, are targeting the ESG sphere underlines the complexities facing investors in accurately gauging companies’ sustainability credentials. Teenage climate activist Greta Thunberg last week spoke of CEOs masking inaction with “creative PR”.
DailyHum News
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Hallmark pulls gay-themed wedding ads amid controversy
Business

By JOCELYN NOVECK AP National WriterNEW YORK (AP) — Under pressure from a conservative advocacy group, The Hallmark Channel has pulled ads for a wedding-planning website that featured two brides kissing at the altar.The family-friendly network, which is in the midst of its heavily watched holiday programming, removed the ads because the controversy was a distraction, a spokesperson said in an interview Saturday."The debate surrounding these commercials on all sides was distracting from the purpose of our network, which is to provide entertainment value," said a statement provided by Molly Biwer, senior vice president for public affairs and communications at Hallmark.In an interview, she added: "The Hallmark brand is never going to be divisive. We don't want to generate controversy, we've tried very hard to stay out of it ... we just felt it was in the best interest of the brand to pull them and not continue to generate controversy."
DailyHum News
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Major states resist calls for bolder action as U.N. climate summit grinds to close
Business

MADRID (Reuters) - A U.N. climate summit ground toward a delayed close on Sunday with major economies reluctant to issue a bold new call for action to combat global warming, prompting sharp criticism from smaller states and environmental activists. The Madrid talks were viewed as an indicator of governments’ collective will to crystallize the decisive action scientists say is needed to slash greenhouse gas emissions in time to prevent rising global temperatures from hitting irreversible tipping points. But with the conference on track to endorse only a modest declaration lacking a clear, unambiguous call for countries to next year raise their targets to cut emissions, the mood was subdued.
DailyHum News
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Mercedes delays electric debut after disappointing Audi, Jaguar SUV sales
Business

Mercedes-Benz is delaying the rollout of its latest electric vehicle in the U.S. after disappointing sales for electric SUVs by Audi and Jaguar.The German luxury brand by auto corporation Daimler AG will introduce its EQC crossover model -- the first-ever electric SUV by Mercedes Benz -- to the U.S. in 2021 rather than 2020, as was initially expected.Its strategic decision to delay its U.S. debut by a year will allow Mercedes to address its "growing demand" for the EQC crossover in Europe, where sales began this year, the carmaker said in an emailed statement to The Los Angeles Times.Mercedes-Benz did not immediately respond to a FOX Business request for comment.MERCEDES-BENZ WORKING ON NEW RIDE-SHARE APP WITH SELF-DRIVING CARSThe decision to delay the EQC's release is likely a precautionary measure by Mercedes after electric SUVs introduced this year by Audi and Jaguar saw lackluster sales.
DailyHum News
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Free agent Antonio Brown says it's time to ghost white women
Business

NFL free agent Antonio Brown had a rocky 2019, getting sacked by the New England Patriots after accusations of sexual misconduct and later apologizing to fans for "inexcusable" behavior.He's planning to make changes in 2020, with not dating white women chief among them.CLICK HERE TO READ MORE ON FOX BUSINESSIt's a resolution he announced on Twitter during a week of posts that alternately expressed optimism about his career and frustration with his experiences so far.Earlier this month, the All-Pro wide receiver asked teams for a chance to continue playing in the wake of multiple sexual assault allegations."If I’m ever given the opportunity to play the game that I love, I’m going to work extremely hard to show the world how much I appreciate another chance,” he said in a lengthy Instagram post, in which he also apologized to "anyone who I offended."
DailyHum News
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1 Great Reason to Claim Social Security Benefits as Early as You Can
Business

One of the biggest decisions you'll face when it comes to Social Security is the age you should begin claiming benefits.The earliest you can start claiming is age 62, but you'll receive a reduction in benefits for every month you claim before you reach your full retirement age (FRA), which is either age 66, 66 and a few months, or 67, depending on the year you were born. If you wait until after your FRA to claim (up until age 70), you'll receive a boost to your full benefit amount. Because you'll receive fatter checks by delaying benefits by a few years, some experts advise waiting until age 70 to maximize your benefits. Although in some cases that may be the best decision, there's a really good reason for claiming as early as you can.Your decision about when to claim benefits shouldn't be based purely on finances; it should also be based on your overall quality of life.
DailyHum News
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How to Position Your Product in a Niche Market
Business

When you have a niche product -- something that positions a unique value proposition to a customer -- it can be hard to figure out your place in the product landscape and market competitively to your target customer. And despite the specificity of your business, you're still likely to have some competition. So, what’s the best way to position your product in a niche market?Although you’ve likely already perused their websites and gotten the inside scoop on who comprises your competition, you won’t learn much unless you do a full-blown deep dive. Create an entire document dedicated to competitor analysis. BDC recommends looking mainly at the following categories: products and services, pricing, positioning and branding and market reputation. You may need to also look at their online reviews and any press they’ve received to get a thorough understanding of their reputation.
DailyHum News
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‘This is Trump unleashed’ — These charts show that the president is tweeting and speaking more than ever
Business

Donald Trump really has become the commander-in-tweet. The president’s @realDonaldTrump account sent 115 tweets and retweets by late Thursday night, the Associated Press reported, which looks to be his busiest day ever on the social media platform.The record flurry of missives came as the House Judiciary Committee spent 14 hours debating the impeachment charges against the president on Dec. 12 before delaying the vote until Friday morning, when it approved the two articles of impeachment accusing Trump of abuse of power and obstructing Congress.The impeachment inquiry has ramped up Trump’s already prolific tweeting habit, the AP noted, counting 77 tweets on Wednesday and 105 last Sunday. The posts were “repeatedly declaring his innocence and retweeting comments and video of supporters defending his conduct.” They also included a dig against 16-year-old climate activist Greta Thunberg, who was named Time’s Person of the Year.
DailyHum News
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4 Cannabis Stocks to Play Illinois' Budding Marijuana Market Sean Williams | Dec 14, 2019
Business

Whether you realize it or not, this has been another historic year for the marijuana industry (even if the year-to-date performance of pot stocks doesn't reflect it). In September, the House voted on and passed the Secure and Fair Enforcement (SAFE) Banking Act, representing the first time cannabis reform legislation had made it to the congressional floor for vote. If the SAFE Banking Act were to become law, it would remove the potential for criminal or financial penalties for banks and credit unions that are providing basic financial services to cannabis businesses in legalized states.Then, less than two months later, the House Judiciary Committee voted 24-10 in favor of the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act, although it remains to be seen if the MORE Act will receive a full vote on the House floor. The MORE Act would completely decriminalize marijuana in the U.S., and further represents the shifting sentiment among the public toward legalization.
DailyHum News
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Here’s where the 10-year Treasury yield is headed in 2020 as Brexit and U.S. - China trade headwinds clear away
Business

Should investors jump back on the “reflation” train? That’s a question many have started to ask as two major sources of uncertainty which have long kept investors on edge in 2019 appear to be clearing away this week, smoothing the runway towards higher long-term government bond yields next year. With a U.S. - China phase one trade deal agreed and the U.K. Conservative Party sweeping to a landslide victory, the geopolitical headwinds may be fading, meaning demand for safe haven long-term government bonds may wane also. “We are beginning to chip away at the fear-inducing issues. Brexit is no longer a big confidence crusher, and trade is slowly going away as a worry,” said Michael Kelly, global head of multi-asset for PineBridge Investments.
DailyHum News
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These Philly Entrepreneurs Know the Value of Filling a Room With Creatives and Culture
Business

William Toms and David Silver, co-founders of REC, talk about how their dream has evolved from hosting their first music event and hoping to make $10 to building a 10,000-square-foot facility for local artists, musicians and creators. The duo share their thoughts on some of the challenges they faced fundraising for their venue and how tweaking their investment structure helped them secure the funding they needed to ultimately build their community of creators.Toms, Silver and The Playbook David Meltzer discuss some of the challenges associated with pitching an idea for investment, how to handle hearing “no” and making the most of your work/life integration.
DailyHum News
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‘Wild week’ as Washington works amid impeachment
Business

President Donald Trump and House Speaker Nancy Pelosi don’t see eye-to-eye on much these days, but in the throes of impeachment, they’re in lock step on the desire to close out the year by checking off items on their to-do lists.As the uncertain politics of the effort to remove Trump from office collide with critical year-end legislative deadlines, Washington, for the first time in recent memory, appears intent on demonstrating its capacity to multi-task. Lawmakers and White House officials are eager to project the image that they’ve been focused on anything but the polarizing proceedings that are increasingly consuming their days and nights. Even President Donald Trump, no stranger to unpredictability and drama, could only marvel at the week of Washington whiplash.
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Older Workers Are Being Pushed Out of Their Jobs, and It's a Problem
Business

Americans are often advised to work well into their 60s. Doing so gives them a prime opportunity to boost their retirement savings, all the while growing their Social Security benefits.Seniors are entitled to the full monthly Social Security payment their earnings history allows for at full retirement age, which is either 66, 67, or somewhere in between, depending on year of birth. As a result, many workers aim to keep earning a paycheck until full retirement age kicks in.But data from ProPublica and the Urban Institute reveals that job security is hard to come by for older workers. An estimated 56% of the workers whose careers they followed were either laid off from a job between turning 50 and retiring or pushed out of a job in some manner. And only 10% of those who managed to find work after being laid off or forced out of a job were able to command a high enough salary to match their previous earnings.
DailyHum News
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This 1 Common Thing Could Devastate Your Finances
Business

Overall, Americans are feeling optimistic about their finances. Nearly eight in 10 U.S. adults say they expect to be better off financially in 2020 than they were in 2019, according to a recent survey from Fidelity Investments.However, it's important to stay vigilant and not let your guard down. Even if you're feeling confident about your money right now, there's one thing that could potentially devastate your entire financial situation -- and it's more common than you may think.The No. 1 financial concern Americans have about the future is the threat of unexpected expenses, the Fidelity survey found. That's a valid concern, considering even relatively minor unexpected costs can cause major financial damage.Only around 60% of Americans have enough savings to cover a $400 unanticipated expense, the Federal Reserve Bank discovered. But these types of costs are more dangerous than they seem, because they can cause a domino effect of consequences.
DailyHum News
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Opinion: Phase 1 of U.S.-China talks was hard — and the next part will be even harder
Business

The U.S. and China have reportedly reached a so-called phase one deal in their ongoing trade war.While few details have been disclosed, the agreement principally seems to involve the U.S. calling off a new round of tariffs that were slated to take effect on Dec. 15 and removing others already in place in exchange for more Chinese purchases of U.S. farm products.Good news, right? The end of the trade war is nigh? Don’t get your hopes up.While business leaders in both countries will be temporarily relieved, the underlying tensions between them will not end easily.As an economist who closely studies the U.S. relationship with China, I believe there are fundamental issues that won’t be resolved anytime soon.
DailyHum News
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Programmers plead guilty to operating popular illegal streaming service sites
Business

Two Las Vegas-based computer programmers pleaded guilty Friday to operating two of the country's largest online TV show and movie streaming services after an FBI investigation led officials to the two men.Darryl Julius Polo, 36, pleaded guilty to five different counts of criminal copyright infringement and one count of money laundering for his operation of the streaming service iStreamItAll (ISIA), though he admitted to helping operate other streaming websites, according to the Justice Department.Luis Angel Villarino, 40, pleaded guilty in the same case to one criminal copyright charge for his role as a computer programmer for the streaming service Jetflix, which Polo also helped operate. Jetflix dates back to 2007 -- the same year Netflix launched its streaming service, according to Wired.
DailyHum News
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Why I'm Cutting Netflix -- and Millions of Americans Might, Too
Business

Netflix(NASDAQ:NFLX), Disney+(NYSE:DIS), Hulu, HBO Max, YouTube TV...there are so many streaming subscriptions, I can hardly keep up. So, I took stock of my household to see what we're watching now and where we should be investing our streaming dollars. My two-and-a-half-year-old would be devastated if we cut Disney+ from our home viewing experience. Hulu and HBO Max have a few shows my wife and I watch and nice catalogs to fall back on when we're doing the modern equivalent of flipping channels. And I would cut YouTube TV, but then how would I watch the few sporting events I want to catch every week? When I suggested cutting Netflix, there wasn't much resistance from anyone. Let's do it. And that may be Netflix's problem in a world where everyone is launching a streaming service. Despite spending billions of dollars on content, there's nothing specific keeping customers loyal to Netflix. 
DailyHum News
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This Retirement Mistake Could Cost You $433,915
Business

It's never fun to realize that you made a mistake, especially one that cost you something. For example, if you forgot to take that 20% off coupon to the drugstore, you might have ended up spending, say, $12 more than you had to.Some mistakes can cost you far more than that, though, and they're very much to be avoided. One particular retirement mistake, as an example, might cost you...$433,915! That mistake is not starting to save and invest for retirement soon enough.When it comes to amassing a war chest to live off of in retirement, three factors determine how much money you might retire with: how much you invest, how long your money is invested, and the rate at which your money grows. The following tables show how important each is.Let's start with this one:This table shows how much of a difference it makes if you're investing $5,000 versus $10,000 or $15,000 annually. Obviously, the more you invest, the more you will likely end up with. Don't think that you're stuck only being able to invest, say, $5,000 each year. There's a good chance that if you look into lots of ways to make more money and put a few into action, you might be able to increase that to $6,000, $8,000, or even $10,000 or more each year -- at least for some years. (Remember that the earliest dollars you invest can be your most powerful, as they have more time in which to grow.)
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3 Top Dividend Aristocrat Stocks to Buy Now Lee Samaha | Dec 14, 2019
Business

So you want to build a retirement portfolio with a smattering of dividend aristocrats -- companies that have raised their dividends for more than 25 consecutive year -- but don't know where to start? The following article is intended to help investors do just that, while providing a methodology from which investors can take away and apply to their investing elsewhere.I'll cut to the chase. The three picks are coatings company PPG Industries, food product company Hormel Foods and construction, resources, energy and transportation machinery company, Caterpillar.All three have a track record of dividend payments, and trade on favorable valuations with good initial yields and strong potential for good long-term growth. In addition, they all have relatively little risk to earnings growth in the future and a solid market position.
DailyHum News
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Swiss body considers ban on Swatch unit selling parts - Schweiz am Wochenende
Business

VIENNA (Reuters) - A Swatch (UHR.S) unit that supplies parts to much of the watch market faces a possible sales ban next year by Switzerland’s Competition Commission (Weka), newspaper Schweiz am Wochenende reported on Saturday. A decision on the matter is due next week, the paper said, without specifying a reason for the possible ban. Swatch reached a deal with Weka in 2013 to progressively cut the number of watch movements - the tiny mechanisms that make a watch tick without help of a battery - ETA sells each year so as to reduce its dominant market position. Under the agreement, which runs to the end of 2019, ETA undertook not to serve any new customers. After 2019 the assumption was that other suppliers would have filled gaps ETA left in the market, leaving the Swatch unit free to resume selling to whoever it chooses.
DailyHum News
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Bitcoin Price Diary: Long BTC and Profitable on Many Altcoin Positions
Business

Trading altcoins continues to be one of the most profitable strategies in the crypto market. The highlight of this week was the MATIC (MATIC) pump and subsequent dump, which I was lucky enough to time perfectly, securing a 60% profit near the all-time high. I closed a number of positions in profit, and am still trading EtherParty (FUEL), (IOST), Elrond (ERD), Chainlink (LINK), Zilliqa (ZIL), Verge (XVG) and FunFair (FUN).I failed to take profits on some of these coins at the first resistance and target, only to see them retrace to my entry and this presents an important lesson about being too greedy. Each setup looked good, but the MATIC movement spooked the market and caused a ripple effect that saw temporary price depreciation across the board. Lesson learned.BTC/USD updateBitcoin (BTC) has been chopping sideways with errant wicks both up and down throughout the past week, likely liquidating high leverage traders on both sides. I am presently long Bitcoin from $7,100 after taking two other positions that closed even or in a slight profit this week.
DailyHum News
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This is where rents have increased the most over the last decade. Hint: It’s NOT New York or San Francisco
Business

Feel like the rent’s gotten too damn high? Then you might just live in Austin, Texas.Residents in the Lone Star State’s capital saw the biggest increase in the total amount they paid in rent between 2010 and 2019, according to a new report from real-estate company Zillow ZG, -0.36%  that tallied the total amounts paid by all renters in cities across the U.S. Over the past decade, the amount Austinians pay in rent has risen a whopping 92.6%, a function both of the city’s growing population and the rising cost of rent.Raleigh, N.C., was next on Zillow’s Z, -0.63%  ranking — the total amount spent on rent has increased there by 91% since 2010, followed by Denver, where the total amount of rent paid has jumped 88.2%. Comparatively, nationwide the amount people pay in rent has only increased 46.5%.
DailyHum News
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Geoff Shepard: Remembering Paul Volcker – A man I was privileged to work for
Business

Paul Volcker, the legendary Federal Reserve Chairman who tamed rampant inflation in the 1970s, died one week ago at age 92. He was an intellectual giant, and I had a front-row seat to understanding his genius while working with and for him early in his career.I’d been awarded a White House Fellowship in 1969, and Treasury was my first choice for the year’s work assignment.I’d taken every business and tax course offered at Harvard’s law school, but the Tax Reform Act of 1969 had passed just before my arrival, removing those issues from Treasury’s table.PAUL VOLCKER, EX-FED PRESIDENT, DEAD AT 92Paul was undersecretary for international monetary affairs – third most senior in the Department and had just turned age 42.He’d first joined the Federal Reserve staff in 1953 and had served as deputy undersecretary for monetary affairs in the Johnson administration. He was a Democrat, but such a monetary affairs expert that Nixon wanted him, too.
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5 Bearish Candlestick Patterns Every Bitcoin Trader Must Know
Business

As discussed in a previous article on bullish candlestick patterns, trading using Japanese candlesticks is the most popular method for analyzing price action by crypto traders.There are many patterns worth learning and understanding — some of the most essential bearish patterns are discussed below. It is important to note, once again, that context and candle placement are essential in identifying patterns.The same exact candlestick can be bullish when located in a different place on the chart.Bearish HaramiThe Bearish Harami is a two candle pattern that signals a likely reversal in price. In this pattern, the first candle is large and green and is followed by a red candle with a smaller body.To be valid, the second candle must be completely within the range of the body of the first candle. Another notable version of this pattern is the Bearish Harami Cross, where the second candle is a perfect doji.
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Angelina Jolie’s employee says actress ripped off her idea for deaf superhero
Business

A former employee of Angelina Jolie, hired to teach her children sign language, is accusing the Hollywood star of ripping off her idea for a deaf superhero, the Daily Mail reports.Antoinette Abbamonte, who is deaf herself, made the claim after learning of a character in Jolie’s upcoming film ‘The Eternals’ with the same traits as her own.Abbamonte, who worked for the 44-year-old Jolie from 2016 through 2019, e-mailed her in May 2018 about her idea for a superhero who could read people’s intentions and minds after losing her ability to hear.Shortly after their email exchange, which was obtained by DailyMailTV, Jolie was tapped to star in the Marvel superhero flick ‘The Eternals,’ which is set for a 2020 release and features the deaf superhero Makkari, who will be played by ‘The Walking Dead’ actress Lauren Ridloff.
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PayPal Sues Consumer Protection Agency for ‘Confusing’ Digital Wallet Rules
Business

PayPal is suing the Consumer Financial Protection Bureau (CFPB) for requiring the firm to make “misleading and confusing” disclosures about its fees.The digital payments giant filed a lawsuit against the CFPB on Dec. 11, arguing that the agency has ignored critical differences between digital wallets and prepaid products like prepaid debit cards (GPR).CFPB makes PayPal provide disclosures about fees that it doesn’t charge, the suit saysAccording to a Dec. 11 court filing seen by Cointelegraph, the CFPB mandates that digital wallets and GPR cards should be regulated the same way, which allegedly resulted in a “fundamentally ill-suited” regulatory regime for PayPal digital wallets.Specifically, the lawsuit refers to a new CFPB rule known as the “Prepaid Accounts Under the Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z) Rule.” Adopted in April 2019, the rule allegedly requires PayPal to provide disclosures about fees that the company does not charge as well as misrepresent the actual fees paid by most customers, the firm claimed.
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Grubhub, Uber Eats and DoorDash drove an online food delivery boom, and restaurants aren't happy
Business

A decade ago, ordering in for dinner oftenmeant choosing between pizza and General Tso's chicken that may or may not show up lukewarm at the doorstep.The rise in online food delivery has changed that. Now, consumers can have anything from a steaming bowl of ramento filet mignon sent to their front doors.A 2011 Cornell survey of 372 U.S. restaurant operators found that less than 10% of takeout or delivery orders were done online. Since then, third-party delivery apps like DoorDash and Uber Eats have transformed the delivery market. Consumers looking for convenient meals ordered $10.2 billion from delivery aggregators in 2018, which would make the third-party delivery market the size of the fifth-largest U.S. restaurant chain, according to Technomic.
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Felix G. Rohatyn, Financier Who Piloted New York’s Rescue, Dies at 91
Business

Felix G. Rohatyn, a former child refugee from Nazi-occupied France who became a pillar of Wall Street and a trusted government adviser who engineered the rescue of a beleaguered New York City from insolvency in the 1970s, has died . He was 91.His death was confirmed by his son Nicolas Rohatyn.Mr. Rohatyn’s journey from war-ravaged Europe to the pinnacle of the illustrious investment house Lazard was a quintessential tale of immigrant success. As one of the world’s pre-eminent financiers, he brokered numerous mergers and acquisitions, leaving his stamp on Avis, Lockheed Martin, Warner Bros., General Electric and other corporations. He counseled innumerable business leaders and politicians.
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China welcomes preliminary deal in trade war it blames on US
Business

China expressed cautious optimism Saturday about a first-step trade agreement that dials down a trade war it blames the U.S. for starting. Chinese experts and news media joined government officials in saying the deal would reduce uncertainty for companies, at least in the short term. They remained cautious, saying both sides will have to show a willingness to compromise to resolve the more fundamental differences between them. “It at least stabilizes the situation and lays a foundation for the next round of trade talks or canceling additional tariffs in the future,” said Tu Xinquan, a professor at the University of International Business and Economics in Beijing. “I cannot predict what achievement can be made during the future talks.”
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If You Invested $5,000 in Disney's IPO, This Is How Much Money You'd Have Now
Business

Walt Disney(NYSE:DIS) has an invaluable collection of endearing entertainment franchises. The company generated nearly $70 billion of revenue in its most recent fiscal year, with contributions from various properties such as TV networks, Hulu, theme parks, merchandise, and several billion-dollar movie releases.It's amazing to think that this entertainment empire all started with a newspaper artist working in Kansas City nearly a century ago. Walt Disney's visionary ideas have made shareholders a lot of money. If you're thinking $1 million to $10 million, you're not even close.The first shares of Disney were issued on the over-the-counter (OTC) market on March 8, 1940, at $5 per share. A total of 600,000 shares were offered, which gave the company a total market value of only $3 million. Walter Disney himself owned 90,000 shares at the time. 
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Monero Compliance Workgroup Says XMR Exempt From Funds Travel Rule
Business

The Monero Compliance Workgroup has stated that the Monero (XMR) network is not subject to U.S. Financial Crimes and Enforcement Network (FinCEN) guidelines regarding the Funds Travel Rule, in a Dec. 5 blog post.What is the Funds Travel Rule?The Funds Travel Rule requires financial institutions who are sending and/or receiving funds to store and transmit certain information about the transfer if it is valued at over $3,000 or equivalent amount.However, in its May 2019 guidelines, FinCEN states that: “If a given transmission protocol is unable to accommodate such information, the obligated person may provide such information in a message different from the transmittal order itself."This suggests that there is no need to transmit this information on-chain.Compliance is the responsibility of exchanges, not cryptocurrencies
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Disney won at the box office in the last decade. Now it wants to conquer streaming
Business

It's been a tough decade for big media companies as more people stream content over the internet instead of paying for cable subscriptions. But this year in the movie business, the Force has been with Walt Disney.The company released six of the eight highest-grossing films so far in 2019, including titles such as "Avengers: Endgame," "The Lion King" and "Toy Story 4," helping it reach a record $10 billion at the global box office.The entertainment giant's success dates back to a series of strategic acquisitions over the past decade that set Disney up to win in movie theaters and beyond. In 2009, the company bought Marvel for $4.3 billion in a bid to widen its entertainment assets with comic book characters such as Iron Man, Captain America and Thor.
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Opinion: Stock investors’ No. 1 worry now is not what you’re probably thinking
Business

Higher interest rates are no longer investors’ biggest worry. That’s clear because of how the U.S. stock market reacted in the immediate wake of the better-than-expected December jobs report, released the morning of Dec. 6. The Labor Department reported that the U.S. economy added 266,000 new jobs in November, well-above the 180,000 figure that had been the consensus expectation of economists surveyed by MarketWatchYou’d have thought that this news would have upset investors, since it both reduces the likelihood the Federal Reserve will reduce rates and perhaps even increases the likelihood of an increase. In the wake of the jobs report, for example, gold bullion dropped 1.3% as investors realized that higher rates would cause the U.S. dollar DXY, -0.23%  to strengthen.
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5 Products to Help You With the Keto Diet
Business

It seems like there’s always a diet trend sweeping the nation and, currently, it’s the ketogenic (keto) diet. Popularized by Joe Rogan, the keto diet involves drastically reducing carbohydrate intake and replacing it with fat in order to put your body into a metabolic state called ketosis. In ketosis, your body becomes incredibly efficient at burning fat for energy. The keto diet can cause significant reductions in blood sugar and insulin levels, which can have numerous health benefits, and can help you lose large amounts of weight in relatively little time.No wonder it’s so popular, right? However, like any diet, adhering to the keto diet can be difficult. These products may help.
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13 Ways to Supercharge Your Focus, Increase Motivation and Boost Drive
Business

The following article is based on excerpts from Ben Angel's book, Unstoppable: A 90-Day Plan to Biohack Your Mind and Body for Success. Buy it now from Amazon | Barnes & Noble | iBooks | IndieBound. And stay tuned for The Unstoppable Journal, the only journal of its kind based on neuroscience, psychology and biohacking to help you reach your goals. (Coming January 2020.) Most of us have a good idea how to stay healthy and stay focused during stressful times, but there are 13 surefire ways you can supercharge your focus, increase motivation and boost drive for yourself and your employees. Be sure you are incorporating these into your weekly agenda.
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Tesla Model 3 Deliveries May Double This Year
Business

Tesla's (NASDAQ:TSLA) Model 3 looked like a hit from the beginning. Lines with hundreds of customers were forming at Tesla stores around the world on the day of the vehicle's unveiling in March 2016 -- a prototype was shown for the first time later that evening. And about a month and a half after Tesla took the wraps off the vehicle, 373,000 people had made deposit-backed reservations for it.While it was clear that initial demand was strong, doubts lingered about how sustainable this demand was and whether Tesla could actually build a vehicle in such high volumes. After all, Tesla was only delivering about 55,000 vehicles annually at the time of the Model 3's unveiling.Fast-forward more than three years later and Tesla is now shipping hundreds of thousands of Model 3 units a year -- and demand continues to grow.
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The real reason a Baltimore company’s $10 million holiday bonus is such an outlier
Business

A Baltimore commercial real estate developer floored its 198 employees with a surprise $10 million bonus at the firm’s holiday party this past weekend.But while St. John Properties workers wiped away tears of joy, the chances are many other U.S. workers aren’t doing the same thing. Fewer companies have been doling out performance-based bonuses in recent years, according to a survey from Challenger, Gray & Christmas, an outplacement firm.The Baltimore company, St. John Properties, was celebrating the overall production of 20 million square feet of office, retail and warehouse space, and awarded employees based on how many years they have worked at the 48-year-old company. The average bonus check came to $50,000 for each employee; as context, median household income in America — per year — is now just over $63,000.
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Weekend Sip’s 12 bottles of Christmas
Business

Ah, the inevitable challenge of finding the perfect holiday gift. Should you go the luxury route or keep it practical? Should you buy one present or many? Our advice: Buy a bottle. There are enough options in the world of all things alcoholic to find a gift to suit every sipper on your list. With that in mind, we present our 12 bottles of Christmas once again, with choices to suit every taste. In case you don’t find something on this list, see our picks from 2018, 2017, 2016, 2015, 2014, 2013and 2012. And happy holidays!In recent years, the ugly sweater has been a holiday meme of sorts, celebrated for all its seasonal ticky-tacky glory. So it was only a matter of time before an enterprising spirits maker would find a way to booze-ify this new tradition. Savage & Cooke, a California-based distillery, has done just that with its Bad Sweater release ($28), a holiday offering of whiskey smartly flavored with seasonal spices, including cinnamon and nutmeg. It’s a bit like a plum pudding in liquid form.
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Opinion: 11 Grinch-worthy thoughts that could save your money — and sanity — this holiday season
Business

I’m guessing our credit cards are excited. It’s the holidays, so they’ll get to see the light of day more often. December is a time for spending, for throwing caution to the wind, for rationalizing what we and our children need or deserve. It doesn’t help that we’re barraged with advertising tugging at our heart strings.Perhaps it’s time to counterattack, to apply logic and to think not about the joys of Christmas morning presents or the next Hanukkah gift, but about January and February’s credit card statements. It isn’t going to be easy. Santa driving down a snowy road in a red Mercedes is pretty appealing, especially when they’re promoting what appears to be an affordable lease.
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Here Are Americans' Top 5 Financial Concerns for 2020 Maurie Backman | Dec 14, 2019
Business

The start of a new year can bring about some degree of uncertainty. Different policies might take place at work, or your health insurance plan might change, and not necessarily for the better. Fidelity recently asked Americans of all ages what they're worried about going into 2020, and here are the top financial concerns they identified.For 51% of Americans, unanticipated bills are a major source of concern for 2020. Given that an estimated 39% of U.S. adults don't have enough money in savings to cover a mere $400 emergency, that makes sense. If you don't have enough money saved up to cover at least three months' worth of living expenses, start cutting back on your spending. Map out a budget and live more frugally until you've amassed some cash reserves. And if there's only so much you can cut back on, think about getting yourself a second job to pad your bank account.
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Opinion: This is the tax break America’s 1% will cling to — even after death
Business

If Congress truly wants to address the concerns about taxing the wealthy, it needs to start by repealing the current rules that automatically step up the tax basis of capital assets at death. By collecting capital gains taxes on appreciated assets at death, Congress can generate significant tax revenues by increasing the top rate on realized capital gains, while preventing wealthy families from passing down appreciated assets from generation to generation without ever paying capital gains taxes on these assets. As things stand, the highest-income-earning Americans — the .001% whose incomes top $50 million a year — derive most of this income from investments, rather than salaries or other forms of ordinary income. Yet the maximum tax on capital gains and dividends is now 23.8%, much lower than the maximum rate of slightly more than 40% on wages and interest income. 
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Want $15,000? This Midwest city will pay you to relocate
Business

The city of Topeka, Kansas, is offering prospective residents as much as $15,000 to move to the city.The new program called "Choose Topeka" will match employer funds to provide performance-based incentives to those willing to relocate to the state capitol and work for a year, development agency GO Topeka announced Wednesday.CLICK HERE TO READ MORE ON FOX BUSINESS"Choose Topeka was created with the intention of investing in employees to live and work in Topeka and Shawnee County, so that we may foster an 'intentional community,' one of community support builders," GO Topeka Vice President of Business Retention and Talent Initiatives Barbara Stapleton said in a statement.Topeka will pay $15,000 to those looking to buy a home in the city and $10,000 to those looking to rent.GENDER PAY GAP FUELED BY 'OLD BOYS' CLUB,' STUDY FINDS
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Top stock picks for 2020: The best of the biggest
Business

(This is the first in a three-part series listing highly rated stocks that sell-side analysts expect to rise the most over the next 12 months. This article covers large-cap stocks. Part 2 covers mid-cap stocks and part 3 covers small-caps.)What a difference a year makes. At this time in 2018, investors were in the midst of a crumbling stock market on fears of an impending recession. Fast-forward to Dec. 9, 2019, and the S&P 500 Index SPX, +0.01%  was up 27.5% for this year, while the Dow Jones Industrial Average DJIA, +0.01%  was up 22.5%. The estimated GDP growth rate for the third quarter was 2.1%, and the November employment figures were full of very good news.With hourly wages continuing to rise at a faster rate than the economy is growing, and unemployment at its lowest rate (3.5%) in 50 years, Goldman Sachs recommended investors focus on companies with low labor costs relative to revenue.
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This $15 million Christmas tree dripping in diamonds may be the most expensive in the world
Business

Bough down. A Spanish hotel claims to have the most expensive Christmas tree in the world: a 19-foot fir worth $15 million after being strung with pink, red, white and black diamonds. The Kempinski Hotel Bahia near Marbella, Spain first revealed its decadently decorated tree on Nov. 30, but it’s been gaining more buzz over the past week as more details about its ostentatious ornaments have been revealed. Perhaps the most extravagant is a $5.5 million red oval diamond — which the New York Post noted could buy a lifetime of clean water for about 385,000 villagers in Tanzania, or build at least 1,000 homes for Habitat for Humanity. (MarketWatch is owned by the same parent company as the New York Post.)
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Costco's exotic hit list: 6 weirdest items you can buy at bulk-shopper's nirvana
Business

When people who have never visited Costco try to imagine it, they often picture a warehouse with super-sized portions of everything you might ever buy from a supermarket.And there's plenty of that, from laundry detergent canisters that can handle 146 loads to five-packs of toothpaste and four-packs of hand lotion.There's also quite a bit more. The mind-boggling quantities are coupled with high-end electronics and exotic eats and drinks that would appeal to even the hardest-hearted foodie.Think six-gallon buckets of Mac & Cheese or 7-pound containers of Nutella spread. And those are on the lower end of the price spectrum. Here's a look at some of the unique items, according to the website Mashable:6. 72-pound wheels of Parmigiano ReggianoAccording to the Mashable, you can actually find some pretty expensive, if not weird, items at Costco. While most consumers shop at Costco to save money, shoppers can just as easily drop $900 on massive 72-pound wheels of Parmigiano Reggiano.
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5 Ways to Reduce Your Required Minimum Distributions
Business

Tax-deferred retirement account contributions reduce your taxable income for the year, but you don't get out of paying taxes on that money indefinitely. Even if you don't really need to withdraw these funds in retirement, the government forces you to once you turn 70 1/2. The amount you must withdraw is your required minimum distribution (RMD), and it depends on your retirement account balance and your age. You can calculate your RMD by dividing each retirement account balance by the distribution period next to your age in this worksheet.RMDs might force you to withdraw more money from your accounts than you want to, but failing to take them results in a 50% penalty on the amount you should have withdrawn, so it's not a smart option. The best thing you can do is take steps to reduce them using one or more of the strategies below.
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This 5.7%-Yielding Stock Just Joined an Elite Group
Business

Enbridge(NYSE:ENB) announced its 2020 financial guidance this week. One of the highlights was that it plans to increase its dividend by another 9.8% next year. It will mark the energy company's 25th consecutive year of raising its payout. That puts it into an elite class as that's one of the main characteristics of a Dividend Aristocrat. With that raise, Enbridge's dividend yield will go up from its currently well-above-average level of 5.7% to an even more attractive 6.3%. Not only is that a sustainable level for the company, but it should continue to grow at a healthy rate for the next several years. Enbridge has been an exceptional dividend stock throughout the years. The Canadian pipeline giant has paid dividends to its investors for the last 65 years, increasing it in each of the past 25 years. Furthermore, it has grown its payout at a healthy rate of 11% compounded annually during that time frame.
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Payments Platform ‘Adds Utility’ to EOS by Integrating Coin Into Services
Business

A payments platform that has the vision of delivering “cryptocurrency in every wallet” says it has now added EOS support in its productsCrypto.com says it has a determination to make buying, selling, sending, paying, tracking and even earning cryptocurrencies far easier than it is now.According to the company’s executives, the platform is also boosting the utility of EOS by integrating the cryptocurrency into several of its flagship services.The world’s seventh-largest cryptocurrency is now supported by Crypto Earn, a tool that enables users to receive interest on their coins and tokens. Savers can deposit their crypto for a one- or three-month period, or opt for a more flexible arrangement if they prefer.EOS is now also supported by Crypto.com’s MCO Visa Card, which gives consumers the much-needed freedom to spend digital assets in everyday life. The card can be used at any shop, restaurant, hotel or business that accepts Visa worldwide, unlocking access to 50 million possibilities. Users now have the choice of seven different cryptocurrencies when they are topping up their cards — and other options include BTC, LTC, ETH, XRP, PAX and TUSD. To begin with, users in 38 U.S. states will be able to top up with EOS, including California, Ohio, Texas and Virginia.
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Opinion: Here’s the one Dow stock to buy now if you believe that what goes down must come up
Business

If you’re a gutsy contrarian investor, consider betting that Walgreens Boots Alliance will have a far better 2020 than it has this year. This isn’t because the company is supposedly in the crosshairs of some private equity firms — though if such a firm did make an offer to take the company private, Walgreens’ stock would likely jump.Instead, the reason you might want to consider Walgreen’s WBA, -1.19%  stock in 2020 is because it’s the worst year-to-date performer in the Dow Jones Industrial Average DJIA, +0.01%  , with a loss (per FactSet) of 11.5% (through Dec. 6). That compares to a gain (including dividends) of 22.7% for the Dow itself — and a gain of 74.2% for the best performer of the Dow 30 (which is Apple AAPL, +1.36%  ).
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Dreaming of Retiring Abroad? This Country Is the Most Popular Retirement Destination
Business

Retirement is the perfect opportunity to have new adventures and start fresh. With no job to tie you to a particular city, you're free to move wherever you please. And for an increasing number of Americans, that means moving to a brand new country.Roughly one in five Americans say they'd like to retire abroad, according to a survey from Provision Living. And the most popular retirement destination for those dreaming of moving to a new country? That honor belongs to Italy. That's no surprise, as Italy offers breathtaking views, sunny beaches, and more culture and history than anyone could ever take in over a lifetime.However, retiring abroad is more complex than simply packing your bags and buying yourself a plane ticket. There are a lot of factors to consider before you choose to spend your golden years in a different country. For some people, it may not be a good idea. But for others, it could be one of the best decisions you'll ever make.

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