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Trading Ideas

Is This the Best Place to Retire?

Would you rather retire to a beautiful beach house in sunny South Florida… or stay in the house you’ve lived in for years?

The choice may sound obvious (75-degree winters and sunrises over the water are pretty tempting)… but apparently it’s not.

According to a recent survey, more than half of Wealthy Retirement readers plan to remain in their current homes in retirement.

It goes along with the recent trend of what’s called “aging in place,” which is exactly what it sounds like: growing old right where you are.

Why would you choose aging in place over an exotic location or even a downsized …read more […]

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Trading Ideas

Indonesia's Inalum close to acquiring Freeport's Grasberg copper mine

Indonesia’s state-owned mining holding company PT Inalum is close to finalising a multi-billion-dollar deal to acquire a majority stake in the giant Grasberg copper mine, government officials said on Saturday. Situated in Indonesia’s eastern-most province of Papua, Grasberg, the world’s second-largest copper mine, is owned and operated by Freeport Indonesia (PTFI), a subsidiary of U.S.-based Freeport McMoRan Copper & Gold Inc. (FCX.N). Global miner Rio Tinto has a joint venture with Freeport for a 40 per cent share of Grasberg’s production above specific levels until 2021, and 40 per cent of all production after 2021. …read more […]

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LeBron James weighing many options as free agency looms

LeBron James posted a video of himself jumping off a cliff while on a Caribbean vacation with his family. James told the Cleveland Cavaliers on Friday that he will not exercise his $35.6 million contract option for next season, making him an unrestricted free agent on Sunday when NBA teams can begin negotiations with players before signing them on July 6. By declining his option, James positioned himself to be able to choose where he’ll play next and Cleveland, his basketball home for 11 of the past 15 seasons, remains a strong possibility. …read more […]

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Business News

Missouri appeals court tosses $55 million J&J talc-powder verdict

(Reuters) – A Missouri appeals court on Friday threw out a $55 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using talc-based products, including J&J’s baby powder, citing a U.S. Supreme court ruling on where such cases can be brought.

…read more […]

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Bitcoin Bloodbath Nears Dot-Com Levels as Many Tokens Go to Zero

Bitcoin’s meteoric rise last year had many observers calling it one of the biggest speculative manias in history. The cryptocurrency’s 2018 crash may help cement its place in the bubble record books. Down about 70 percent from its December high after sliding for a fourth straight day on Friday, Bitcoin is getting ever-closer to matching the Nasdaq Composite Index’s 78 percent peak-to-trough plunge after the U.S. dot-com bubble burst. …read more […]