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Fed is set to leave rates alone but to hike later in year

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WASHINGTON (AP) — The Federal Reserve is all but sure to leave interest rates unchanged this week, though steady economic growth and inflation pressures will likely keep the Fed on a path toward further rate hikes later this year….

Source: http://hosted.ap.org/dynamic/stories/A/APFN_US_FEDERAL_RESERVE_LOOK_AHEAD?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT

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Weed bank proposal passes first legislative hurdle in California

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California would license special banks to handle billions of dollars generated by the legal marijuana market under legislation buoyed by recent comments from the Trump administration and given initial approval by state lawmakers on Wednesday.

The measure gained momentum just days after President…

Source: http://www.latimes.com/la-pol-ca-state-pot-banks-20180418-story.html

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Richest 1% on target to own two-thirds of all wealth by 2030

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World leaders urged to act as anger over inequality reaches a ‘tipping point’

The world’s richest 1% are on course to control as much as two-thirds of the world’s wealth by 2030, according to a shocking analysis that has lead to a cross-party call for action.

World leaders are being warned that the continued accumulation of wealth at the top will fuel growing distrust and anger over the coming decade unless action is taken to restore the balance.

Continue reading…

Source: https://www.theguardian.com/business/2018/apr/07/global-inequality-tipping-point-2030

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Third-largest cryptocurrency donates $29 million to teachers in need

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You can’t say cryptocurrencies have never done anything good. 

Wednesday, education crowdfunding website DonorsChoose.org announced an enormous donation from cryptocurrency company Ripple, and its eponymous cryptocurrency ripple. The company behind the unique crypto, which has quickly risen to be the third-largest alternative currency behind ethereum and bitcoin, announced that it has donated $29 million to fund every project currently posted on DonorsChoose.

DonorsChoose allows teachers to ask for crowdfunded donations to give their classrooms books, educational technology, field trip assistance, and more. With Ripple’s donation, DonorsChoose said in a statement that all 35,000 classroom requests on the site have been funded. The donations will affect roughly 1 million students and teachers in about 1 in 5 of all American public schools. Read more…

More about Donations, Ripple, Donorschoose, Culture, and Kids

Source: https://mashable.com/2018/03/28/ripple-donates-donorschoose-cryptocurrency/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial

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Mega Millions jackpot surpasses $500M for 4th time in game’s history

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Petro-yuan helps Russia & China dump US dollar in oil trade

Preview China is the world’s biggest crude consumer and buys most of its oil from Russia. However, most settlements are still in US dollars. The launch of the petro-yuan now allows Moscow and Beijing to use national currencies instead.

Read Full Article at RT.com

Source: https://www.rt.com/business/422472-russia-china-petro-yuan/?utm_source=rss&utm_medium=rss&utm_campaign=RSS