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Day: February 16, 2018

Russian stocks tumble on Mueller indictments

Russian stocks tumbled Friday afternoon after a federal grand jury indicted 13 Russian nationals and three Russian entities for alleged interference in the 2016 presidential election. The VanEck Vectors Russia exchange-traded fund (RSX), which tracks a host of publicly-traded Russian companies, fell 1.6 percent following news of the indictments. The fund is largely comprised of …

Russian stocks tumble on Mueller indictmentsRead More

Banks are the sweet spot of this market that’s about to get a lot tougher

Investors are gravitating toward a new favorite part of the stock market, which seems to have just about everything going for it right now: banks. The sector is nipping on the heels of the technology sector, which has been the best performer since the 2016 presidential election, as investors bet that higher rates, lower taxes, …

Banks are the sweet spot of this market that’s about to get a lot tougherRead More

Waste Management CEO: 80% of company’s tax cut going back into the economy

Waste Management CEO Jim Fish on CNBC Friday disputed the narrative that major companies are using most of the new corporate tax cut to buy back stock. Fish cited the trash and recycling giant’s plans as case and point, saying the company he leads is giving special bonuses of $2,000 to about 34,000 employees. He …

Waste Management CEO: 80% of company’s tax cut going back into the economyRead More

US regulator warns of ‘pump-and-dump’ cryptocurrency frauds

The U.S. Commodity Futures Trading Commission (CFTC) joined other regulators sounding the alarm on “pump-and-dump” cryptocurrency investing schemes. “Customers should not purchase virtual currencies, digital coins, or tokens based on social media tips or sudden price spikes,” the CFTC wrote in a statement Thursday. “Thoroughly research virtual currencies, digital coins, tokens, and the companies or …

US regulator warns of ‘pump-and-dump’ cryptocurrency fraudsRead More

U.S. regulator warns of ‘pump-and-dump’ cryptocurrency frauds

The U.S. Commodity Futures Trading Commission (CFTC) joined other regulators sounding the alarm on “pump-and-dump” cryptocurrency investing schemes. “Customers should not purchase virtual currencies, digital coins, or tokens based on social media tips or sudden price spikes,” the CFTC wrote in a statement Thursday. “Thoroughly research virtual currencies, digital coins, tokens, and the companies or …

U.S. regulator warns of ‘pump-and-dump’ cryptocurrency fraudsRead More

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