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Why The Stock Market’s Rise Isn’t Just A Trump Rally

In Business, Education, Finance, Government, Healthcare by National Public RadioLeave a Comment

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Enlarge this image Traders and financial professionals work on the floor of the New York Stock Exchange on Tuesday. Major stock indexes are in record territory. Drew Angerer/Getty Images hide caption toggle caption Drew Angerer/Getty I... Read More
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LI attorney charged in fraud scheme

In Business, Emerging Technology, Finance, Government, Legal by Long Island Business NewsLeave a Comment

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A Long Island attorney has been charged in a scheme to fraudulently register shell companies with the U.S. Securities and Exchange Commission and secretly sell stocks, authorities said. David Lubin, of West Hempstead, was charged with one count of conspiracy to unlawfully sell unregistered securities with regard to his role at Entertainment Art Inc., according to the U.S Attorney’s Office in Southern District of Florida. The company, Entertainment Art later became Biozoom Inc. Authorities said Lubin participated in the fraudulent re-sale of Entertainment Act on behalf of the buyer, including triggering false filings with the SEC. He now faces up to five years in prison and a fine of up to $250,000 or double the proceed... Read More
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Tech sector helps Wall Street reach record highs

In Business, Finance, Video by Fox Business NewsLeave a Comment

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Published on Jul 19, 2017Belpointe Asset Management strategist David Nelson on tech stocks and Wall Street’s latest record close. Category News & Politics License ... Read More
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Chipotle Stocks Dip After Some Va. Customers Report Illness

In Education, Healthcare, Science & Nature by National Public RadioLeave a Comment

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Enlarge this image A Chipotle restaurant in Starling, Va., was temporarily closed. This sign is from a location in Fairfax, Va. Paul J. Richards/AFP/Getty Images hide caption toggle caption Paul J. Richards/AFP/Getty Images... Read More
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Amazon Bursts Blue Apron’s Bubble, as the Market Checks Tech’s Hype

In Business, Finance, Government, Science & Nature, Start Up by Wired NewsLeave a Comment

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The tech bubble that 2016 threatened didn't burst, prompting observers to heave a sigh of relief. But it turns out, there was a bubble, it was just growing slightly out of sight, in private start-up funding. Now, the public market is showing just where it exists. Exemplifying this trend are two of the once hottest startups in Silicon Valley: Snap and Blue Apron. And to make matters worse, today Blue Apron's nightmare is coming true, as Amazon launches its ... Read More
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Amazon tanks Blue Apron’s stock with one trademark filing

In Business, Finance, Government by Venture BeatLeave a Comment

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Blue Apron shares fell as much as 12 percent Monday following an ominous sign that Amazon is preparing a move into its niche market for meal-kit deliveries. On July 6, about a week after Blue Apron priced its IPO, Amazon applied to register a trademark with the U.S. Patent and Trademark Office for the slogan “We do the prep. You be the chef.” The phrase could be a stand-in slogan for Blue Apron, which has registered “A better way to cook.” The application, ... Read More
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Stocks at current levels are worrisomely high: Jim Grant

In Finance, Government, Video by Fox Business NewsLeave a Comment

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Jim Grant, founder and editor of Grant’s Interest Rate Observer, discusses the current state of the stock market and the Federal Reserve.... Read More
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Finding stocks with potential

In Finance, Video by Fox Business NewsLeave a Comment

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Published on Jul 14, 2017Alan B. Lancz & Associates President Alan Lancz on lukewarm stocks that have the potential to heat up. Category News & Politics ... Read More
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14 Nabbed in $147M Long Island-based Stock Scam

In Finance, Government, Legal by Long Island PressLeave a Comment

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Fourteen people were arrested Wednesday for their roles in an alleged Long Island-based stock manipulation scheme that targeted mostly elderly investors who were conned out of $147 million, federal authorities said. The suspects were charged with conspiracy to commit securities fraud, conspiracy to commit wire fraud, conspiracy to commit money laundering and securities fraud. They were arraigned at federal courts in Brooklyn, California and Florida. “The defendants designed an elaborate, fraudulent scheme, to defraud the investing public, preying, in particular, upon unsuspecting and elderly investors,” said Bridget Rohde, acting U.S. Attorney for the Eastern District of New York.  Prosecutors said the suspects ... Read More
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Snap’s post-IPO debacle has investors and analysts wondering how low stock price can go

In Business, Finance by Venture BeatLeave a Comment

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Things have gotten so bad for Snap since its IPO that investors and analysts have begun looking for historic comparisons to get some perspective on the company’s fall from grace. Consider this fun headline from Barron’s earlier this week: “How Snap’s Post-IPO Flop Compares to Other Tech Giants.” That is the stuff of PR nightmares. The chart with the story asks how long it took various other mega-tech companies to fall below their offering price. Facebook led the pack with two days, though that’s not a great comparison. For one thing, Face... Read More
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10 LIers charged in $147M pump-and-dump scheme

In Emerging Technology, Finance, Government, Legal by Long Island Business NewsLeave a Comment

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Ten Long Islanders have been charged with allegedly manipulating $147 million in stocks sold to elderly investors at artificially inflated prices through a brokerage called the Boiler Room in Melville. They are among 14 people charged with conspiracy to commit securities fraud, money laundering in connection with stocks such as National Waste Management Holdings, CES Synergies, Grilled Cheese Truck, Hydrocarb Energy Corp. and Intelligent Content Enterprises. Those involved with trades were charged with artificially generating price movements and trading volume, material misrepresentations and omissions in communications. The Long Islanders are: Erik Matz, 44 of Mt. Sinai; Ronald Hardy, 42 of Port Jefferson; Brian He... Read More
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Stocks rebound following Trump Jr. email release

In Business, Government, Video by Fox Business NewsLeave a Comment

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Published on Jul 11, 2017FBN’s Gerri Willis, Turning Points USA founder Charlie Kirk and WSJ Senior Video Reporter Shelby Holliday on whether Donald Trump Jr.’s email is continuing to delay the White House agenda. Category License Standard YouTube License ... Read More
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Snap falls below $17 IPO price for the first time

In Business, Emerging Technology, Finance, Government, Mobile Technology by Venture BeatLeave a Comment

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Snap stock has fallen below its IPO price of $17 for the first time, roughly four months after the maker of Snapchat went public in March. After briefly touching the $17 threshold in mid-June, Snap’s stock price fell to an all-time low of $16.99 at market close on Monday. That means all the investors who bought into the disappearing-message app company’s much-hyped stock market debut have officially lost money. Mo... Read More
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Amazon eyes Best Buy’s Geek Squad with smart home consultations

In Business, Finance, Government, Security by Venture BeatLeave a Comment

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Amazon is offering in-home consultations to customers interested in installing smart-home technologies. The service, first reported by Recode, is aimed at consumers interested in new Internet of Things gear but perhaps intimidated about setting them up. The move is consistent with a pattern Amazon has shown this year of introducing offerings or taking bold steps that offer new competition for its retail-chain rivals. The company announced plans to ... Read More
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Dow Jones Industrial, S&P, Nasdaq hit session highs

In Finance, Video by Fox Business NewsLeave a Comment

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Stifel Nicolaus Market Strategist, Kevin Caron gives his opinion on stocks in Europe, the U.S., transportation, commodities, and technology.... Read More
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Could lack of tax, health care reform cause a market selloff?

In Finance, Video by Fox Business NewsLeave a Comment

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Oxbow Advisors Managing Partner Ted Oakley on the outlook for stocks.... Read More
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Glitch caused Apple, Amazon, Microsoft and other stock prices to spike or plummet

In Business, Finance by Venture BeatLeave a Comment

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(Reuters) — The prices of several big-name Nasdaq-listed stocks appeared on some websites to either spike or plummet well after the closing bell on Monday, seemingly due to a glitch related to the market data that runs the largely automated markets. At around 6:30 p.m., the prices of Amazon and Microsoft stocks appeared to have lost more than half their value, while Apple shares appeared to more than double. Google parent Alphabet and eBay shares were among others that all appeared to be priced at $123.47 on some financial news websites on Monday evening. The actual prices of the stocks were not affected and no trades were completed at that price, a Nasdaq spokesman confirmed. Nasdaq said in a statement i... Read More
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Tech stocks fall after Trump scores win on his travel order

In Video by Fox Business NewsLeave a Comment

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FBN’s Charles Payne on the state of the technology sector.... Read More
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Markets not expecting tax reform in 2017?

In Business, Finance, Government, Video by Fox Business NewsLeave a Comment

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Published on Jun 23, 2017RegentAtlantic CEO Chris Cordaro on the outlook for oil and stocks and the potential market impact of the Republican agenda. Category License Standard YouTube License ... Read More
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Many struggle over China’s extended fishing ban

In Business, Finance, Government, Video by Al Jazeera EnglishLeave a Comment

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Many struggle over China’s extended fishing banBeijing’s annual fishing ban on all Chinese waters has been extended in a bid to revive depleting fish stocks. But one month into the three-and-a-half month ban, Hong Kong fishermen are struggling with the longer blockade and are asking for government help. More than half of all fishing vessels in the world operate in the South China Sea. But some experts say the ban is not enough to revive fish stocks.Al Jazeera’s Divya Gopalan reports from Hong Kong.- Subscribe to our channel: http://aje.io/AJSubscribe... Read More
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Why banks need to start offering cryptocurrency wallets

In Business, Finance, Government, Security by Venture BeatLeave a Comment

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With the recent surge in value of cryptocurrencies, ordinary people and traditional investment firms are paying more attention to the space. The market cap of cryptocurrencies has grown from less than $30 billion in March 2017 to over $110 billion in June 2017, and this is just the beginning. Cryptocurrencies are quickly becoming a new global market for assets, similar to stocks, bonds, mutual funds, and government backed-currencies. But the immediate settlement of currency transfer on blockchains (such as Bitcoin and Etherium) is a double-edged sword. On the one hand, it’s incredibly efficient at money movement; on the other, it allows bad players to transfer your cryotcurrency with the same speed. And if the wrong person gets ... Read More
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Amazon is buying Whole Foods

In Business, Finance, Government, Mobile Technology, Video by CBS NewsLeave a Comment

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Amazon announced it is buying Whole Foods for $13.7 billion. Hilary Kramer of GameChanger Stocks joins CBSN with more on what this means for the retail space.Subscribe to the "CBSN" Channel HERE: http://bit.ly/1Re2MgSWatch "CBSN" live HERE: http://cbsn.ws/1PlLpZ7Follow "CBSN" on Instagram HERE: http://bit.ly/1PO0dkxLike "CBSN" on Facebook HERE: ... Read More
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Today’s Amazon discount: Grocery-chain stocks

In Business, Finance, Government, Start Up by Venture BeatLeave a Comment

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Amazon’s proposed $13.7 billion purchase of Whole Foods Market caught stock market investors off guard. Their initial reaction — bidding up share prices of the two companies and selling off those of grocery chains — suggests a bleak future for an industry being reshaped by on-demand delivery. Shares of Walmart were down 4.4 percent in mid-day trading after falling as much as 7 percent. Walmart, which has been trying to compete against Amazon by leveraging its retail stores as mini-distribution centers for deliveries of grocery and other goods, was holding up pretty well compared to its peers, however. ... Read More
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Amazon-Whole Foods deal hammers grocery stocks

In Business, Emerging Technology, Finance, Government by Long Island Business NewsLeave a Comment

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U.S. stocks are lower Friday as Amazon’s $13.4 billion deal for Whole Foods Market is sending grocery stores, big retailers, and food makers and distributors sharply lower. Amazon and Whole Foods are both climbing. Energy companies are rising as the price of oil moves higher and smaller companies are down. The Standard & Poor’s 500 index lost 7 points, or 0.3 percent, to 2,424 as of 11:15 a.m. Eastern time. The Dow Jones industrial average edged down 29 points, or 0.1 percent, to 21,330. The Nasdaq composite fell 38 points, or 0.6 percent, to 6,127. The Russell 2000 index of smaller company stocks shed 11 points, or 0.8 percent, to 1,399. Online juggernaut Amazon said it will buy organic grocery company Whole Foods ... Read More
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Will tech stocks get their mojo back?

In Finance, Government, Video by Fox Business NewsLeave a Comment

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Sandy Spring Bank's Rob Morgan on the Federal Reserve and the outlook for stocks.... Read More
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Stocks little changed after GOP baseball shooting

In Legal, Security, Video by Fox Business NewsLeave a Comment

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Published on Jun 14, 2017Varney & Co. on the Dow hitting an all-time record high despite a mass shooting in Alexandria, Virginia where Rep. Steve Scalise was shot in the hip. Category License Standard YouTube License ... Read More
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Sometimes inertia helps: More workers save in their 401(k)

In Emerging Technology, Finance, Government by Long Island Business NewsLeave a Comment

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Workers are more likely to be saving for retirement, at least among those eligible for a workplace plan, and lower-income employees have made some of the biggest gains in recent years. Those are two of the encouraging trends borne out of numbers from Vanguard, which looks each year at how participants are behaving in 401(k) plans and similar retirement accounts for which it keeps records. Vanguard is one of the nation’s big record keepers, working with 4.4 million participants in defined-contribution plans. The outlook for retirement in the country is by no means cloudless: Many workers, particularly those in low-income households, still have no access to a 401(k) plan or similar account. And among those who do, experts s... Read More
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AP Top Stories June 10 P

In Business, Finance, Government, Legal, Video by Associated PressLeave a Comment

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Here are the top stories for Saturday, June 10th: Anti-Sharia marches drew counter protests across the US; Dramatic video of rape victim Kala Brown's rescue is released; Qatar stocks supermarkets with Turkish products; 'Batman' star Adam West is dead.Stay up to date with daily round ups: http://smarturl.it/APTopStoriesSubscribe for more Breaking News: http://smarturl.it/AssociatedPressThe Associated Press is the essential global news network, delivering fast, ... Read More
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Abdulaziz al-Horr: Business as usual – Counting the Cost (feature)

In Business, Education, Finance, Gaming, Government, Video by Al Jazeera EnglishLeave a Comment

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Qatar says its citizens and residents won't face economic hardship, despite the sea, air and land embargo imposed by its Gulf neighbours Saudi Arabia, the United Arab Emirates and Bahrain.Thus far, the blockade has forced trucks laden with food supplies to turn back at Qatar's only land border with Saudi Arabia; similar action has also meant construction materials intended for the FIFA World Cup 2022 stadium developments have also been rerouted. Saudi and Emirati ports have also enforced bans on Qatari vessels and products moving to and from their hubs, whilst Qatar Airways flights have taken lengthy detours over Iranian and Omani airspace, impacting thousand of daily business travellers and f... Read More
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Behind the major reversal on Wall Street

In Business, Finance, Video by Fox Business NewsLeave a Comment

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KBW Director of Equity Trading RJ Grant on the major reversal on Wall Street, tech stocks, and financials.... Read More
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Major tech stocks tumble, and it’s nothing to shrug off

In Business, Events, Finance, Government by Venture BeatLeave a Comment

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After months of quietly climbing higher and higher, tech stocks began to tumble Friday, with the Nasdaq Composite falling as much as 2.8 percent during mid-day trading. More disconcertingly, the selloff hit hardest some of the largest-cap and best-known names in tech. Microsoft fell as much as 4.6 percent, while Alphabet and Facebook lost as much as 5 percent. Amazon fell as much as 5.3 percent, Apple 5.6 percent, and Netflix 6.5 percent. Such declines aren’t unheard of in the history of technology stocks, which have a long record of volatile performances because of their focus on growth and the cyclical nature of the industry. But the selloff was notable not only for its sudden onset but also because most of these stock... Read More
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Thought Bitcoin Was Dead? 2016 Is the Year It Goes Big

In Business, Finance, Gaming, Government, Security, Start Up by Wired NewsLeave a Comment

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Bitcoin was going to change the world until it wasn't. But now it is again. Oh sure, you've heard this before. Back in 2013, everyone was sure bitcoin was the next big thing. Then the world's largest bitcoin exchange, Mt. Gox, imploded, and everyone was sure bitcoin was dead. Pundits tend to think that way: you're It, or you're not. The reality of it is a little different. Despite the travails of Mt. Gox—and the Silk Road, the online drug bazaar that relied so heavily on bitcoin—the digital currency never went away. Today, it's th... Read More
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Big firms join race for investors looking to make an impact

In Business, Education, Emerging Technology, Finance, Government, Healthcare, Science & Nature by Long Island Business NewsLeave a Comment

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If you haven’t heard of impact investing yet, just wait. It’s one of the hottest areas in investing, and the industry is racing to offer more opportunities for people to put their money into investments that deliver a positive impact on the world, along with positive returns. Think: projects and stocks of companies that are providing clean water or looking to prevent disease. This formerly niche corner of investing has become increasingly mainstream, partly because it offers a tantalizing opportunity to target millennial customers. Big-name players are getting involved, such as Morgan Stanley, which has created an Institute for Sustainable Investing and recently raised more than $125 million for a global impact fund. Th... Read More
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What are the major market risks right now?

In Finance, Video by Fox Business NewsLeave a Comment

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Paul Christopher, head global market strategist at Wells Fargo Investment Institute, on the outlook for stocks.... Read More
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Macy’s warns about profit margins, sending shares lower

In Business, Emerging Technology, Finance, Government by Long Island Business NewsLeave a Comment

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Macy’s has warned investors that its profit margins would keep shrinking this year, sending shares in the chain tumbling more than 8 percent and affecting other department store stocks. Randal J. Konik, a stock analyst at Jefferies, said the struggling department store chain told analysts at an investor meeting Tuesday that its gross profit margin could be 0.6 percent to 0.8 percent lower than last year. Konik said in a note that Macy’s is expecting its gross profit margins in the second quarter to be down 1 percent from a year ago. The warning dragged down shares of other major retailers including J.C. Penney, Nordstrom and Kohl’s. It also underscored the challenges ahead for traditional chains, particularly c... Read More
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Counting the Cost – Big tobacco’s big profits – Counting the Cost

In Business, Finance, Government, Healthcare, Video by Al Jazeera EnglishLeave a Comment

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Smoking kills. So if you're in an industry where your product is damaging the health of people who buy it and they know it, then you should in theory go out of business. But shares in companies listed in the Bloomberg tobacco producers index have risen 351% since 2009, making it one of the best investments of the past decade.Graphic warning labels and taxes seem to have some impact on reducing the number of smokers but less so on industry profits which keep rising. And investors can't quit buying the stocks because operating profits continue to go up.Different tax regimes around the world mostly account for the difference in price. But governments are not as hooked as the consumers who buy ciga... Read More
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Keiser Report: Dotcom Bubble 2.0? (E1079)

In Business, Finance, Video by RTLeave a Comment

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Check Keiser Report website for more: http://www.maxkeiser.com/In this episode of the Keiser Report Max and Stacy discuss whether or not stock prices will zigzag lower for decades to come; or whether they will go out with a bang. In the second half Max talks to Karl Denninger of Market-Ticker.org about tech stocks and why they are rising so rapidly - are we in Dotcom Bubble 2.0?Keiser ReportWATCH all Keiser Report shows here:http://www.youtube.com/playlist?list=... (E1-E200)... Read More
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Amazon’s Brick-and-Mortar Bookstores Are Not Built for People Who Actually Read

In Business, Education, Finance, Government by New YorkerLeave a Comment

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... Read More
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North Korea a potential risk to stocks?

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Chase Chief Economist Anthony Chan on the impact of the economy and geo-political risks on stocks.... Read More
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Fast Food & Soft Drink Company Stocks Hit Record Highs Friday

In Finance, Video by CBS New YorkLeave a Comment

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If the stock markets are any indication, Americans love their junk food!... Read More
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Bitcoin Has Come Roaring Back—But So Have the Risks

In Education, Finance, Gaming, Start Up by Wired NewsLeave a Comment

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The bitcoin boom is back. This week, the digital currency leapt to record heights, peaking at nearly $2,800 before tumbling back down to around $2,400—by far the most dramatic run in its history.While bitcoin didn’t maintain its record price for long, it’s been trading feverishly this year, breaking the $2,000 threshold just last week. Other “cryptocurrencies” like Ripple and Ether (the medium of exchange on the decentralized network Ethereum) have also soared. “People are piling in. I think it’s fear of missing out,” says Campbell Harvey, a pro... Read More
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US stock indexes waver Friday, keeping market near record highs

In Business, Emerging Technology, Energy, Finance, Government by Long Island Business NewsLeave a Comment

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U.S. stocks are little changed Friday, keeping indexes near record highs following a six-day winning streak. Technology companies, which have led the market’s recent rally, are flat overall. Video game companies are falling as Wall Street was disappointed by forecasts from GameStop. Consumer-focused companies rose. KEEPING SCORE: The Standard & Poor’s 500 index held steady at 2,414 as of 10:40 a.m. Eastern time. The Dow Jones industrial average was little changed at 21,082. The Nasdaq composite stayed at 6,204. The Russell 2000 index of small-company stocks sank 6 points, or 0.4 percent, to 1,377. GAME OVER: GameStop’s first-quarter results were stronger than analysts expected, but sales of wireless devices were w... Read More
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Consumer stocks help Wall Street hit record highs

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FBN’s Charles Payne on which stocks helped the S&P 500 and Nasdaq hit new record highs.... Read More
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US home equity is back, so why aren’t more people borrowing?

In Business, Education, Emerging Technology, Finance, Government, Healthcare by Long Island Business NewsLeave a Comment

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Alicia Johnson and her husband wanted to renovate their home last fall but ran into a roadblock: When they tried to refinance their mortgage and borrow against their equity, five banks said no. Problem was, the Johnsons’ mortgage covered their home in Christiansburg, Virginia, and some adjacent land — a deal-breaker. “They all pointed to the same thing: The rules have changed,” she said. The banks refused to lend against both the home and the land. Their frustration reflects a major factor slowing a still-sluggish U.S. economy: The inability of many to tap their home equity. Americans have long borrowed against the ownership stakes in their homes to buy cars, build decks and renovate houses. That borro... Read More
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Retailers lead US stocks higher Thursday

In Business, Emerging Technology by Long Island Business NewsLeave a Comment

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A strong batch of earnings from retailers including Best Buy is sending stock prices higher in early trading on Wall Street. Best Buy soared 12 percent early Thursday after reporting earnings and sales that came in well ahead of what analysts were expecting. Williams-Sonoma gained 3.9 percent and PVH, which owns Calvin Klein and Tommy Hilfiger, rose 5.4 percent. The market has risen for five straight days. If it closes higher again on Thursday it will mark the longest winning streak in three months. The Standard & Poor’s 500 index increased 4 points, or 0.2 percent, to 2,409. The Dow Jones industrial average rose 52 points, or 0.3 percent, to 21,064. The Nasdaq composite climbed 16 points, or 0.3 ... Read More
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Geo-political concerns the biggest market risk?

In Finance, Video by Fox Business NewsLeave a Comment

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Raymond James' Jeff Saut on the outlook for stocks.... Read More
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US stocks extend gains into a 5th day

In Business, Emerging Technology, Finance by Long Island Business NewsLeave a Comment

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U.S. stocks are posting their fifth straight gain, setting another record high for the Standard & Poor’s 500 index. The slow but steady gains over the past several days were enough to erase most of the losses the market took in a sharp downturn last Wednesday. Technology companies, the best-performing sector this year, continued to put up big gains. Facebook added 1.3 percent and Google parent Alphabet rose 0.7 percent. TurboTax maker Intuit jumped 6.7 percent after beating analysts’ forecasts for earnings, while Tiffany slumped 8.7 percent after its results fell short. The S&P 500 index increased 5 points, or 0.3 percent, to 2,404. The Dow Jones industrial average rose 74 points, or 0.4 per... Read More
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US stocks extend gains into a 5th day Wednesday

In Business, Emerging Technology, Finance by Long Island Business NewsLeave a Comment

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U.S. stocks are up for the fifth straight day as materials and real estate companies move higher. Technology companies are making some of the largest gains Wednesday while retailers of home improvement products, jewelry and car parts are all falling. Stocks continue to recover the steep losses they suffered a week ago. Intuit jumped 6 percent after beating analysts’ forecasts for earnings, while Tiffany slumped 8 percent after its results fell short. The Standard & Poor’s 500 index increased 2 points, or 0.1 percent, to 2,400. The Dow Jones industrial average rose 30 points, or 0.2 percent, to 20,968. The Nasdaq composite gained 11 points, or 0.2 percent, to 6,150. Bond prices fell. The y... Read More
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Why stocks are unfazed by Manchester terrorist attack

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Published on May 23, 2017FBN’s Ashley Webster, S&P Global Markets Portfolio Manager Erin Gibbs and Kaltbaum Capital Management’s Gary Kaltbaum discuss the impact the terrorist attack has on the economy and the markets. Category License Standard YouTube License ... Read More
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CEOs got biggest raise since 2013

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The typical CEO at the biggest U.S. companies got an 8.5 percent raise last year, raking in $11.5 million in salary, stock and other compensation last year, according to a study by executive data firm Equilar for The Associated Press. That’s the biggest raise in three years. The bump reflects how well stocks have done under these CEOs’ watch. Boards of directors increasingly require that CEOs push their stock price higher to collect their maximum possible payout, and the Standard & Poor’s 500 index returned 12 percent last year. Over the last five years, median CEO pay in the survey has jumped by 19.6 percent, not accounting for inflation. That’s nearly double the 10.9 percent rise in the typical weekly paycheck... Read More
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Technology stocks lead market higher Monday

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Technology companies led U.S. stock indexes broadly higher on Wall Street. Ford rose 2.1 percent Monday after replacing its CEO. Defense contractors also made gains as the market bounced back from a turbulent week. Consumer-focused companies also rose. Amazon climbed 1 percent. Energy companies bucked the broadly higher trend and ended slightly lower. The Standard & Poor’s 500 index increased 12 points, or 0.5 percent, to 2,394. The Dow Jones industrial average gained 90 points, or 0.4 percent, to 20,894. The Nasdaq composite rose 49 points, or 0.8 percent, to 6,133. Two stocks rose for every one that fell on the New York Stock Exchange. Bond prices fell. The yield on the 10-y... Read More
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Many women think men are the better investors; they’re not

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Many men and women think men are the better investors. They’re wrong. After checking how 8 million of its customers did during 2016, Fidelity Investments found that women did better than men by an average of 0.4 percentage points. The difference in performance is small, and it’s always dangerous to make big generalizations out of small slices of data. But it slots in with other research that suggests women tend to take a longer-term view of investing. They are more likely to buy and hold their investments, and they take fewer risks, for example. Researchers are generally loathe to declare one gender as absolutely better than the other in investing, and other studies have shown men doing slightly better than women... Read More
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The best way to handle your tax refund

In Business, Finance, Government, Mobile Technology, Video by CBS NewsLeave a Comment

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GameChanger Stocks founder Hilary Kramer has the best financial tips for taxpayers who received a refund.Subscribe to the "CBSN" Channel HERE: http://bit.ly/1Re2MgSWatch "CBSN" live HERE: http://cbsn.ws/1PlLpZ7Follow "CBSN" on Instagram HERE: http://bit.ly/1PO0dkxLike "CBSN" on Facebook HERE: ... Read More
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Industrials lead US stocks broadly higher Monday

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Industrial and materials companies are leading stocks broadly higher in early trading on Wall Street. Chemicals maker Huntsman rose 2.6 percent early Monday after agreeing to be acquired by Clariant. Ford rose 1.5 percent after replacing its CEO. The Standard & Poor’s 500 index increased 7 points, or 0.3 percent, to 2,390. The Dow Jones industrial average gained 81 points, or 0.4 percent, to 20,887. The Nasdaq composite rose 26 points, or 0. percent, to 6,110. Share this: ... Read More
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Ransomware WannaCry causes fewer tears than feared

In Business, Finance, Government, Healthcare, Legal, Science & Nature, Security, Start Up by Venture BeatLeave a Comment

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It’s been a week since the WannaCry ransomware attack began infecting computers running Windows software. And things are strangely silent again. It’s almost as if the wake-up call that WannaCry set off was heard by global IT managers – and then those IT managers hit the snooze button. In a way, that’s not a bad thing. The cybersecurity community worked quickly and effectively to defuse the threat, while the kill switch demanded by digital kidnappers, ... Read More
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Industrials lead US stocks broadly higher Friday

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Industrial companies led U.S. stocks broadly higher, extending the market’s modest gains from the day before. Investors were cheering solid earnings from several companies Friday. Banks and materials stocks were also up sharply. Energy companies also moved higher as the price of crude oil rose. Deere & Co. jumped 7 percent after delivering a strong earnings report, and Chesapeake Energy climbed 4 percent. Foot Locker plunged 17 percent after its profits fell short of analysts’ forecasts. The Standard & Poor’s 500 index increased 16 points, or 0.7 percent, to 2,381. The Dow Jones industrial average gained 141 points, or 0.7 percent, to 20,804. The Nasdaq composite rose 28 points, or 0.5 per... Read More
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US stock indexes edge higher in afternoon trading; oil down

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Phone companies led U.S. stock indexes modestly higher in early afternoon trading Thursday, a day after the market posted its biggest loss in eight months. Real estate and materials stocks declined. Investors were weighing quarterly results from Wal-Mart Stores and other big retailers. KEEPING SCORE: The Standard & Poor’s 500 index rose 5 points, or 0.3 percent, to 2,362 as of 12:29 p.m. Eastern Time. The Dow Jones industrial average added 30 points, or 0.2 percent, to 20,637. The Nasdaq composite index gained 28 points, or 0.5 percent, to 6,040. The Russell 2000 index of smaller stocks was up 1 point, or 0.1 percent, to 1,357. EYES ON WASHINGTON: The stock market was coming off its worst day since September. The slid... Read More
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Markets slide on Comey’s Trump memos, and other MoneyWatch headlines

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Stocks sink as Comey news rocks D.C., another global cyberattack emerges, and IBM orders remote workers back to the office. These headlines and more from CBS MoneyWatch.... Read More
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US stocks open slightly higher Thursday

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Stocks are modestly higher in early trading on Wall Street as traders were relieved to see some positive results from retailers. Wal-Mart Stores, L Brands and Ralph Lauren all rose early Thursday after reporting better results than analysts were expecting. The slight gains came a day after the market had its worst drop since September as deepening political tumult in Washing got investors worried that President Donald Trump will have trouble enacting tax cuts and other business-friendly policies. The Standard & Poor’s 500 rose 1 point to 2,358. The Dow Jones industrial average was little changed at 20,608. The Nasdaq gained 10 points to 6,022. Small-company stocks fell. ... Read More
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Stocks Fall Sharply Amid Turmoil In Washington

In Business, Finance, Government, Video by Associated PressLeave a Comment

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Stocks fell sharply as investors worried that the latest turmoil in Washington could hinder President Trump's pro-business agenda. The steep drop Wednesday was the market's worst since September. (May 17)Subscribe for more Breaking News: http://smarturl.it/AssociatedPressGet updates and more Breaking News here: http://smarturl.it/APBreakingNewsThe Associated Press is the essential global news network, delivering fast, unbiased news from every corner of the w... Read More
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Stocks Fall Sharply Amid Turmoil In Washington

In Business, Finance, Government, Video by Associated PressLeave a Comment

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Stocks fell sharply as investors worried that the latest turmoil in Washington could hinder President Trump's pro-business agenda. The steep drop Wednesday was the market's worst since September. (May 17)Subscribe for more Breaking News: http://smarturl.it/AssociatedPressGet updates and more Breaking News here: http://smarturl.it/APBreakingNewsThe Associated Press is the essential global news network, delivering fast, unbiased news from every corner of the w... Read More
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Stocks fall sharply Wednesday, worst since September

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Stocks fell sharply as investors worried that the latest turmoil in Washington could hinder President Donald Trump’s pro-business agenda. The steep drop Wednesday was the market’s worst since September and ended an unusually long period of calm. Banks, which soared in the months since the election, slumped. Bank of America lost 5.9 percent. Bonds, utilities and gold rose as traders shunned riskier assets. The dollar fell. The Standard & Poor’s 500 dropped 43 points, or 1.8 percent, to 2,357. The Dow Jones industrial average lost 372 points, or 1.8 percent, to 20,606. The Nasdaq fell 158 points, or 2.6 percent, to 6,011, a day after its latest record high. Small-company stocks, which wou... Read More
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Stocks are down amid Trump agenda derailment

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Published on May 17, 2017Divine Capital CEO Dani Hughes and SunAmerica Funds Vice President Heather Zumarraga weigh in on the financial markets amid fears of President Trump’s agenda is derailed. Category License Standard YouTube License ... Read More
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Banks lead an early decline for US stocks Wednesday

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Stocks are opening lower on Wall Street as banks and industrial companies fall. Banks were sliding along with bond yields early Wednesday. Bank of America sank 2.7 percent and Wells Fargo lost 2 percent. Falling bond yields mean lower interest rates on loans and tighter profits for banks. Among industrial companies, United Rentals fell 3 percent. Target jumped 3.6 percent after posting surprisingly strong earnings for the first quarter. The Standard & Poor’s 500 index slumped 16 points, or 0.7 percent, to 2,383. The Dow Jones industrial average lost 159 points, or 0.8 percent, to 20,817. The Nasdaq composite fell 49 points, or 0.8 percent, to 6,120. ... Read More