Trump Rattles Emerging Markets With Threat of China Tariffs

Emerging-market currencies had their best weekly gain since July 2017 lat week and stocks strengthened for a fourth consecutive week as major central banks adopted a more dovish stance, improving investors appetite for risk assets. Bonds also gained, with yields on local government notes nearing an all-time low as the drumbeat for an interest rate cut in the U.S. got louder. Read here, our emerging-market week ahead story.

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  Amazon’s Merchants Are Feeling the Pain of a Trade War With China

  Bloomberg
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  Under Trump, currencies may become next global battleground

  AFP

New York Landlords in a Financial Bind From New Rent Law

Some New York City landlords are being forced to re-evaluate their businesses, as a new law could leave many properties worth less than their mortgages and put building owners at risk of default.

Millennials, you've got this all wrong. You need to stop 'saving' for retirement.

All personal finance books harp on why it's critical to save for retirement. Brokerage firms publish studies about how much people are saving for retirement. OK, I get it: You're putting money aside for the future and letting it accumulate as a reserve, which is the very definition of saving.

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  Tax Season May Be Over, but You Can Make These 4 Moves to Lower Your 2019 Taxes

  Motley Fool
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  Here's What the Average Older American Has in a 401(k)

  Motley Fool

Why Safe Haven Gold ETFs Are Soaring as Trump-Xi Trade Talks Loom

Gold ETFs, widely regarded as safe havens when equities are expected to fall, are soaring in tandem with the precious metal itself even as stocks reach record highs. The SPDR Gold Shares ETF (GLD), VanEck Vectors Gold Miners ETF (GDX), SPDR Gold Minishares Trust (GLDM), iShares Gold Trust ETF (IAU) and the GraniteShares Gold ETF (BAR) have all taken off over the past month as gold reaches highs not seen since 2013, according to Barron's. All eyes will be on U.S. President Donald Trump and Chinese President Xi Jinping as the two leaders are expected to meet at some point during the G-20 summit, which is set to kick off Friday in Japan.

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  Trump-Xi Take Center Stage as Central Banks Shift: Economy Week

  Bloomberg
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  Global Markets: Asian stocks climb pre-G20, oil up on U.S.-Iran feud

  Reuters

Facebook’s Libra Is a License to Print Money

A bunch of big companies have agreed to pony up $10 million each to take part, and it is easy to see why: On some reasonable-sounding assumptions about its takeup, it could be insanely profitable in real money, too.

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  The rise of stablecoins. Will banks ever learn?

  Coin Rivet
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  Amazon tells customers: No crypto for you!

  Coin Rivet

Time for Investors to Move Some Holdings Into India Mid-Caps, Says HDFC Securities's CEO

Dhiraj Relli, chief executive officer at HDFC Securities, discusses Indian stocks and where he's putting his money. He speaks on “Bloomberg Markets: Asia. Corrects guest's title in headline.

JP Morgan: Our 3 Top Energy Stock Picks Right Now

JP Morgan has just held its fourth annual Energy Conference in New York with ~140 energy companies participating. Luckily for investors, following the conference, the firm revealed its top energy stock picks to buy now. Note that two of these stocks also boast a 'Strong Buy' consensus from the Street.

Lira Rallies Most in World as Istanbul Vote Result Stuns Traders

Opposition candidate Ekrem Imamoglu won the redo of the Istanbul mayor's race by a landslide, which suggests President Recep Tayyip Erdogan's AK Party won't challenge the result again. The original vote in March had been overturned after the ruling AK Party narrowly lost, fueling concerns that Turkey's democratic foundations were fraying and spurring a drop in the lira. While the market is rightly welcoming the fact the results of this election won't be contested, investors will be looking for answers for what comes next, said Inan Demir, an economist at Nomura Plc in London.

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  Istanbul voters turn out for mayoral election rerun as Erdogan bids to reverse defeat in Turkey's largest city

  The Telegraph
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  Turkish lira stabilizes as opposition candidate wins Istanbul mayor’s race, dealing blow to Erdogan

  MarketWatch

Dow Jones Futures: 5 IBD 50 Stocks In Buy Range As Stock Market Awaits China Trade News

Dow Jones futures rose slightly Monday morning, along with S&P 500 futures and Nasdaq futures. The stock market rally had a strong week on hopes for Fed rate cuts and China trade talks. President Donald Trump and Chinese President Xi Jinping meet later this week.

• Nikkei edges higher as markets braced for G20, focus on Xi-Trump meet

  Reuters
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  Trump Blacklists More Chinese Companies

  Bloomberg

The Koch Brothers: 2nd Wealthiest Family in America

Koch Industries was founded by Fred Koch in 1940 and is majority owned by his sons, better known as the Koch Brothers—David and Charles, with each owning 42% of the company. David, 79 years old, stepped down from his role with the company in 2018 due to health issues, while Charles, 83, remains Chairman and CEO. Koch Industries is the second-largest privately held company in the U.S., per Forbes annual rankings, generating $110 billion in annual revenues.

Cement Produces More Pollution Than All the Trucks in the World

Manufacturing the stone-like building material is responsible for 7% of global carbon dioxide emissions, more than what comes from all the trucks in the world. After wresting deep cuts from the energy industry, policymakers looking to extend the fight against global warming are increasingly focusing on construction materials and practices as a place to make further reductions. “There is so far too little demand for sustainable materials,” said Jens Diebold, head of sustainability at LafargeHolcim.

The Man Who Brought Fila Back From Dead Is Worth $830 Million

Gene, as he's known in English, is estimated to be worth about $830 million through his stake in Fila Korea Ltd., which acquired the global Fila brand in 2007 in what South Korean media called a shrimp swallowing a whale. Yoon went on to oversee a revival in Fila's fortunes, sending shares of his company surging. Central to Fila's comeback was its move to bring back iconic products from the '90s, targeting shoppers craving classic looks.

Goldman Sachs plans to disrupt banking like Amazon did retail, Apple in music

With its startup consumer bank Marcus, Goldman Sachs (GS) wants to disrupt banking the way Amazon (AMZN) disrupted retail and and Apple (APPL) upended music. Specifically, the 150-year old bank's goal is to transform "the distribution and consumption experience of financial services," according to Harit Talwar, the head of global consumer business for Goldman Sachs. The diapers she buys at Walgreens or the diapers she buys at Amazon are the same diapers,” Talwar explained Yahoo Finance last week, on the sidelines of the Fortune Brainstorm Finance event in Montauk, New York.

4 Cheap Stocks Ready for Gains

The company reported revenues for Q1 2019 at $26.8 million, for a 39% year-over-year gain, and a 44% year-over-year gain in customer bookings. Wall Street's analysts are impressed, by both the company's prospects and its recent history. ASUR shares are up more than 50% year-to-date, and the company's revenue guidance represents an 18% increase over FY18.

Danske Bank Fires Star Executive Who Overcharged Retail Clients

Danske Bank A/S said Monday that it had dismissed Jesper Nielsen, head of banking in Denmark, after it emerged that tens of thousands of domestic customers were improperly charged. Nielsen, 50, ran the bank as interim CEO following the $230 billion dirty-money debacle and was tipped as a potential permanent leader before Danske picked Chris Vogelzang, a former ABN Amro banker, for the top job. Nielsen “did not to a sufficient degree ensure that the Flexinvest Fri product was suitable for the bank's customers,” Chairman Karsten Dybvad said in a statement.

Market Weekly Review: Record Highs Ahead of Trade Talks

The major U.S. stock market averages gained 2% to 3% across the board this week, as the S&P 500 index set a new record high on Thursday. Rates Likely Headed Lower The FOMC held firm with interest rates on Wednesday, but traders are saying it's just a matter of time before the Fed reverses its controversial rate hike from last December. Fed funds futures are now pricing in a 100% chance of a rate cut at the next meeting on July 31, up from just 18% a month ago.

G20 leaders meet, Powell speaks — What to know in the week ahead

The two leaders will be holding an “extended” meeting to discuss trade. Consensus among analysts remains that no significant deal will be reached at the meeting, and thus, it is still very likely that the next round of U.S. tariffs on Chinese imports will be imposed. Even if both leaders decide to resume the talks, there are too many bridges to be crossed to get a deal quickly,” ING wrote in a note Friday.

Want to save more in your 401(k) retirement plan? Ditch these stock market myths

Making investment decisions based on seasonal proverbs could squash your 401(k) retirement savings. U.S. stocks dropped more than 6% last month – their worst May since 2010 and second-worst since 1962. That sour four-week stretch seemed to prove the old adage, “Sell in May and go away.

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  Here’s How to Become a 401(k) Millionaire

  Motley Fool
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  Maxed Out Your 401(k)? Here's Where to Park Your Extra Retirement Cash

  Motley Fool

Time to Take Profits on Roku Stock

In that light, the incredible bullishness that's driven Roku stock price higher by more than 600% since its 2017 IPO isn't all that shocking. Monthly Dividend Stocks to Buy Today If you missed the boat thus far though, now's not the time to jump into Roku stock. While it feels like the 300% advance of Roku stock price just since the end of last year is never going to stop, the fact of the matter is, big swings are the norm for this name.

Must-Know Rules for Converting a 401(k) to a Roth IRA

Roth vs. Traditional IRA A traditional IRA allows an individual to defer the income tax owed on the portion of income that is saved for retirement. If the person is saving through an employer plan, the money is deducted from pre-tax salary. The self-employed can open an IRA account and contribute pre-tax income to it.

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  The Vast Majority of Workers Aren't Making the Most of Their 401(k)

  Motley Fool
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  Only 15% of Older Workers Are Taking Advantage of This 401(k) Perk

  Motley Fool