Is Tesla a Threat to Utilities?

If Musk’s plan works out utility stocks might no longer be a good long term investment. Don’t sell utilities just yet, but keep the Solar Roof in mind when you do your long term portfolio planning. It just might make utilities, coal and natural a lot less valuable in the near future.

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Tim Cook: Apple Pay Grew by 450%

Tim Cook is hiding some important data about Apple Pay, for example he did not say how many users the digital wallet actually has. Cook’s omission of that important detail was deliberate; because it would show small Apple Pay’s footprint really is.

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Bitcoin Approaches $1,500 and Ethereum Nears $90

This indicates that bitcoin has replaced gold as the world’s hedging mechanism of choice. Average investors may actually prefer bitcoin to gold in uncertain times which is very bad news for gold bugs and gold-mining stockholders.

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Uber Driver accused of Driving without a License

Uber’s fare structure deliberately shortchanges drivers a lawsuit filed in US District Court by driver Sophano Van alleges.

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Hedge Fund Billionaire has 10% of Money in Bitcoin and Ethereum

That means Novogratz might own around $230 million worth of the popular cryptocurrencies. The Forbes 500 named Novogratz as the 407th richest person in the world with a fortune of $2.3 billion.

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The Strange Relationship between Apple Pay and Western Union

The growth is driven by millennials who are more likely to use digital payment solutions such as Venmo and less likely to have traditional bank accounts or credit cards. These people can get through their days with electronic solutions and cash but still need to receive funds from home and send the occasional money order.

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Are Home Improvement Stores a Bubble?

Is improvement really a growth industry or is it a bubble? After all The Home Depot had 2,274 stores in February 2016, and Lowes and its subsidiaries were operating 2,365 locations in 2015. That adds up to 4,639 stores which raises the obvious question: how many stores can the market support.

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Tesla Planning Electric Semi-Truck and Pickup

If Musk can really build an electric big rig he’ll demonstrate that Tesla has some amazing design and manufacturing capabilities. Creating such a machine and getting it running will be an amazing feat.

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Famed Investor Predicts $500,000 Bitcoin in 13 years

Therefore half a million dollar bitcoin is possible but getting there will be a rocky road. One thing is certain though, volatility is the norm for cryptocurrency prices so get used to it.

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Is Canada due for a Financial Crisis?

The debt to GDP ratio is a comparison of the amount of debt in a nation to national wealth. The BIS team considers any ratio over 10% dangerous and a signal that a financial crisis is brewing, The Financial Post reported. Canada’s ratio now exceeds the danger level by 7.4% and it has risen since Fall 2016.

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