Goldman Sachs is on a Roll

A nightmare for GS would be competitors trying to label it as Trump’s bank or racist. Goldman Sachs will need to address the Trump links and find some way to distance itself from the President. If it cannot those political ties might damage the business.

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Alphabet, Avis & Chrysler Team Up to Offer Ride-Hailing with Self-Driving Vans

The deal is potentially a big one because Waymo plans to deploy up to 600 self-driving Pacificas in Phoenix. A big winner here is Fiat Chrysler Automobiles (NYSE: FCAU) which will supply the vans and undoubtedly get a boost for its stock.

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How Medicare for All Might Work

Use the existing infrastructure of the Centers for Medicare and Medicaid as the basis for the system. Since most pharmacies and medical clinics already accept Medicare, simply expand that system. The Medicare brand is also well known and widely respected.

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Cryptocurrency’s Crazy Prices, why is Ethereum Surging?

The best answer to the above query is that cash is flowing out of bitcoin and into ethereum. The other is that is cryptocurrencies are so easy to buy and sell it makes them inherently unstable.

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Things Americans Get Wrong about Russia

Conflict between the United States and Russia is inevitable. Not true. It would be fairly easy to work out compromises and devise a peaceful coexistance. The problem is that unlike the Cold War, there is no fear of nuclear war which inspired compromise in the 1970s and 1980s. Instead there is little incentive in either Russia or the United States for leaders to develop the kind of effective working relationship that Ronald Reagan and Mikhail Gorbachev had.

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1,443 Financial Institutions Accept Apple Pay, Chase Pay at Phillips 66

There is an interesting reason for the widespread acceptance of Apple Pay among U.S. banks and credit unions that many Americans do not realize. Your Uncle Sam is partially subsidizing Apple Pay; by underwriting its insurance costs, through the Federal Deposit Insurance Corporation or FDIC.

The FDIC provides $250,000 in deposit insurance for every depositor at most banks and credit unions. That means it; and not Apple or the bank, might be responsible for the losses that might be incurred if Apple Pay failed or got hacked.

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Big News, Snapchat & Hulu change Digital Entertainment while Unions Back Republican

In a related move Hulu is planning to pull the plug on its free streaming service, Variety reported. Instead the service owned by a consortium of Time Warner (NYSE: TWX), The Walt Disney Company (NYSE: DIS), Comcast and 21st Century Fox will only offer $7.99 and $11.99 monthly subscriptions.

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Is the Walgreens’ Rite-Aid Deal Dead?

Another possibility is that Walgreen will dismember Rite Aid in order to comply with the FTC’s wishes. The larger drug store operator might sell off a large percentage of Rite Aid’s stores, and keep just the ones it wants.

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