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Guggenheim's Minerd Warns of 'Significant Correction'

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U.S. stocks should ‘terrify’ Yellen, Paul Tudor Jones says. Alarm bells have been ringing, and today they continue, with news of a billionaire investor offering a warning: Be very afraid. The legendary macro trader says that years of low interest rates have bloated stock valuations to a level not seen since 2000, right before the Nasdaq tumbled 75 percent over two-plus years. Jones is voicing what many hedge fund and other money managers are privately telling investors: Stocks are trading at unsustainable levels.

The murder of a policeman in a Paris forced an early end to campaigning for the leading candidates in France’s presidential election, as they head into Sunday’s first-round of voting with the race wide open. Police haven’t released the identity of the attacker, who was shot dead by officers on the Champs Elysees. Trump predicted the terrorist attack would have a “big effect” on the upcoming election, without naming which candidates he believed would benefit.

Trump’s tax plan is coming next week. U.S. President Donald Trump said in February he would release a “phenomenal” plan to overhaul the tax code within two or three weeks. Sources told Bloomberg that plan will be presented in the latter part of next week. In an interview with the AP, Trump said the plan would result in tax cuts for both businesses and individuals.

Should DeVos block an embattled student loan giant’s expansion? Months after state and federal regulators sued Navient Corp. for “systematically” cheating student debtors, the company wants to add more borrowers. If authorities stop the sale, the move would be comparable to regulators blocking transfers of home loans between big banks and mortgage companies.

Global Entry passengers were swept up in Trump’s travel ban and U.S. citizen “Trusted Traveler” members had their privileges revoked. American citizens certified for Global Entry often learned of the issue only when they sought to travel, according to the American-Arab Anti-Discrimination Committee, which says it received “dozens” of complaints. U.S. senators are now demanding answers, too.

Justice Gorsuch took his first major action on the U.S. Supreme Court by casting the deciding vote to let Arkansas begin executing a group of death-row inmates. The high court cleared the state to execute Ledell Lee, one of eight convicted murderers that Arkansas has been trying to put to death before one of its lethal-injection drugs expires at the end of the month. Arkansas executed Lee minutes after the court rejected the last of his requests. Lee consistently claimed he was innocent.

These are the best undiscovered beaches in the world. At these six under-the-radar destinations, you won’t know a soul anywhere in a hundred-mile radius—and the locals will make you feel like one of their own. Not just that: These untrammeled landscapes are postcard-perfect, free of photo-bombing tourists and full of secret coves just waiting for you to discover them.

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