Yes, commuters can still save money under the new tax law Our beloved elected representatives in Washington established some nice tax breaks for transportation-related employee fringe benefits. They are intended to encourage you to give up your evil, gas-guzzling, pollution-spewing vehicle when commuting to work. If your employer still offers these tax-favored fringes, you should probably take advantage by signing up. But after an unfavorable change included in the Tax Cuts and Jobs Act (TCJA), your company may have pulled the plug on these goodies.
Your company may still provide moving allowances to cover job-related relocation expenses. But the TCJA eliminates tax-free treatment for these allowances.
Here are the details on how the new tax law treats these fringe benefits. Unlike most of the TCJA changes affecting individuals, it’s not good news.
Transportation benefits: Still favorable tax treatment for you, but no more deductions for your employer The transportation fringe be..Read More →

Venmo announces debit card in latest bid to monetize the service PayPal Holdings Inc. said Monday that it would be rolling out a debit card for Venmo users, as the company explores a new way to make money off of the peer-to-peer service.
The new Venmo debit card will allow users of the popular money-transfer service to spend their balances in physical and online locations. Venmo said in a release that if you have a low balance, the card will reload using your preferred funding source to allow you to make your purchase. It will also work with ATMs.
Venmo users will see their Venmo card purchases in the app, which will give them the ability to split those charges among friends. The card comes in six color options—white, yellow, pink, blue, green, and black—and is currently only available in “limited release.”
The Mastercard Inc.-branded MA, -2.12% debit card is PayPal’s PYPL, -2.97% latest attempt to generate revenue from Venmo, as most peer-to-peer transactions between users are don..Read More →

‘Death cross’ appears in gold for first time since 2016, even as stock market slumps A bearish chart pattern has materialized in gold trading, indicating that the embattled precious metal is likely to extend a recent downtrend that has dragged it to its lowest level in 2018, even as signs of global uncertainty have intensified.
Most recently, August gold GCQ8, -0.18% was trading $1.30, or 0.1%, lower at $1,269.40 an ounce, trading near the lowest levels of 2018. It shaved off 0.6% for last week despite an uptick during Friday’s subdued session and is tracking a 2.6% June drop.
Read: Here’s what may be eroding gold’s traditional haven status
The current downdraft has resulted in the 50-day moving average for gold prices, currently at $1,306.26 an ounce, falling below its longer-term 200-day moving average at $1,307.20, according to FactSet data.
That forms a technical pattern known as a death cross, where the short-term trend line slips beneath the long-term moving average. Many c..Read More →

Opinion: Investors are making stoner moves by buying marijuana stocks at the wrong time Mom-and-pop investors have become excited about the use of marijuana and cannabis. They have been aggressively pouring their savings into marijuana stocks with stars in their eyes about how rich they are about to become.
Unfortunately, those investors have not had the proper guidance or expertise about when and how to buy marijuana stocks. The smart money, or professional investors, has been picking their pockets.
Let’s explore with the help of three charts:
• Please click here for the annotated day chart of Canopy Growth CGC, -2.60%
• Please click here for the annotated intraday chart of Canopy Growth.
• Please click here for the annotated chart of Neptune Technologies NEPT, -2.37%
Please note the following from the charts:
• The VUD indicator is the most sensitive measure of net supply and demand in real time. The orange on the chart means net selling. The VUD indicator shows heavy net..Read More →