Month: July 2019

ASSOCIATED PRESS Malaysia’s Prime Minister Mahathir bin Mohamad is standing up to China, at home and at sea. The South China Sea, that is. That raises geopolitical risks for financial markets in the region. At home, Malaysia has dared to do something Sri Lanka, Pakistan, The Maldives and the Philippines didn’t: canceling or re-negotiating inflated
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(Photo by / Richard Drew, AP) Last January, MoneyShow.com asked the leading newsletter advisors to select their favorite stocks for 2019. Healthcare was a popular sector in that survey, with several big first half winners. Here’s a check-up on 6 financial favorites for the second half. Adrian Day, Global Analyst I selected Gladstone Investment (GAIN)
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PillPack co-founders TJ Parker and Elliot Cohen. Just over a year after buying online pharmacy PillPack for $753 million, Amazon is engaged in a bitter battle with an incumbent player in the pharmacy industry, which sources tell CNBC is working behind the scenes to prevent the company from accessing important patient data. PillPack’s pharmacy delivery
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Getty Images Credit card issuer American Express beat analysts’ estimates for quarterly profit on Friday, as a healthy U.S. economy fueled higher spending by its customers. Customer spending rose 7% in the United States, the company’s biggest market, and 5% globally in the second quarter. U.S. consumer spending increased in May and April. Debit and credit card
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David Marcus, Head of Calibra at Facebook, testifies about Facebook’s proposed digital currency called Libra, during a Senate Banking, House and Urban Affairs Committee hearing on Capitol Hill in Washington, DC, July 16, 2019. Saul Loeb | AFP | Getty Images Lawmakers interrogated David Marcus, Facebook’s cryptocurrency chief, asking how the company will educate the
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Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column examines whether higher retirement benefits prevent smaller spousal benefits, when spousal benefits can be paid, potential effects of government pensions on widow’s benefits, benefits after divorce and remarriage and whether
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UnitedHealthcare office Michael Nagle | Bloomberg | Getty Images UnitedHealth reported a 12.7% rise in second-quarter profit on Thursday, as the company added more members to its health plans and revenue climbed in its Optum unit, which includes its pharmacy benefit management business. Net earnings attributable to shareholders rose to $3.29 billion, or $3.42 per share,
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Are cryptocurrencies reportable for FBAR? For Fatca? No and maybe. Bitcoin, 5yr Forbes Turns out there’s no FBAR mandate on your offshore bitcoin account. Is the government making a tactical retreat in its war on money launderers and tax cheats? In response to a request for guidance from an accountants’ group, the Treasury Financial Crimes
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