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How to Invest in Stocks Like a Venture Capitalist for Triple the Upside

What Will Trump’s Immigration Fight Cost You?

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By Harry Dent via Just like investors tend to buy high and sell low, politicians tend to react to most major issues (ahem… immigration) by doing the wrong thing at the right time. It’s no secret that almost all developed countries, and China in the emerging world, are slowing in workforce and demographic growth – many outright […]

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Dow closes up 263 points, stocks notch best week of the year as jobs report fuels hopes of a Fed rate cut

U.S. stocks close significantly higher after weaker-than-expected jobs report adds to argument for Fed rate cut See full story.

As May jobs report reveals that wage growth has slowed, we highlight surprising jobs that pay well. See full story.

Shares of Microsoft Corp. surged into record territory Friday, enough to push the software giant’s market capitalization above the $1 trillion mark. See full story.

Uber Technologies stock is down in the extended session after CEO Khosrowshahi shakes up the ride-hailing company’s executive team a month after the IPO. See full story.

As federal regulators sharpen their focus on big tech, expect to see and hear more from Rep. Ro Khanna (D., Calif.), a Silicon Valley Congressman who is shaping legislation that is tantamount to an internet Bill of Rights. See full story.

Credit-card companies are offering more generous dining-oriented rewards. See full story.

Man dead after single-vehicle crash in Flamborough

Hamilton police say a man is dead after a single-vehicle car crash in Flamborough.

Emergency crews responded to a vehicle collision call near Woodhill Road at the 4th Concession around 4:31 a.m. on Sunday morning.

The man was pronounced dead on the scene, police say.

Woodhill Road between the 4th Concession and Highway 5 is currently closed for the ongoing investigation.

There are no other details at this time.

Goldman Now Sees Yuan Breaching 7 Per Dollar Within Three Months

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Goldman Sachs Group Inc. expects the yuan to weaken past 7 per dollar in the next three months — a level the currency hasn’t breached in more than a decade.

The bank revised its forecasts for the yuan against the dollar because it sees the currency’s decline as a natural offset to higher U.S. tariffs, even if policymakers are reluctant to see it breach the “psychologically important level of 7.00,” strategists including New York-based Zach Pandl wrote in a June 8 note.

  • Goldman sees the yuan at 7.05, 6.95 and 6.80 in three, six and 12 months, respectively, from 6.95, 6.65 and 6.65
  • NatWest Markets’ Mansoor Mohi-uddin, a Singapore-based senior macro strategist, also said that the currency could breach 7 if a meeting between President Donald Trump and President Xi Jinping this month fails to bring a trade deal

People’s Bank of China Governor Yi Gang last weekhinted that there is no line in the sand for the currency, which has fallen 2.6% since the end of April to 6.9118 per dollar on Thursday after a trade war between Beijing and Washington flared up again.

Since a weaker exchange rate makes Chinese goods cheaper, there’s a risk the trade war could spiral into a currency war. However, effective capital controls will probably limit the yuan’s depreciation, Goldman analysts said.

President Donald Trump Tweetstorm – The Sunday Edition

President Donald Trump had much to tell us on Sunday, but kept running into the 280 character limit on Twitter.

Thus, the President had his own thread, carefully laying out how the “fake media” in general, and the New York Times and CNN in particular, got it wrong on his deal with Mexico to avoid the imposition of tariffs and stem the tide of illegal immigration.

One point in particular seemed to be at the root of the tweetstorm from the co-author of The Art of the Deal: getting credit for making the Mexico agreement.  He pointed out that if his predecessor had made similar deals, “a National Holiday would be immediately declared. With me, despite our record setting Economy and all that I have done, no credit!”

The President is trying to work out that frustration on the golf links this morning. We’ll update as more observations roll in.

The tweetstorm so far:

No injuries reported so far at blaze at block of flats in London: ambulance service

LONDON (Reuters) – No injuries have so far been reported at a fire in east London, a London Ambulance spokesman said on Sunday, adding that ambulance units were still at the scene.

The fire brigade earlier said around 100 firefighters were dealing with the blaze, which had set alight six floors of a residential block.

Cruise line says search for passenger in Mediterranean ended

A cruise operator says a passenger went overboard during a voyage in the Mediterranean Sea and a search for the missing Korean woman has been called off without her being found.

Norwegian Cruise Line tweeted a photographed statement Sunday that said the woman went into the sea Saturday while the Norwegian Epic was sailing from Cannes, France to Palma de Mallorca, Spain.

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The short statement says authorities were alerted and a search and rescue operation was launched, but no trace of the woman was seen and the search was abandoned Sunday.

Norwegian Cruise Line did not immediately reply to phone calls and emails requesting further information.

How to Invest in Stocks Like a Venture Capitalist for Triple the Upside

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By Marin Katusa via What I’m about to show you is frightening to some people… And will become lucrative to a select few others. So there’s no way to sugar-coat this. The mining industry loaded itself up to the gills with low-cost debt when commodity prices were a lot higher than they are today. This […]

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