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Monthly Archives: December 2018

Goldman Sachs says it was lied to in 1MDB scandal that has plagued its stock

Chris Jung | NurPhoto | Getty Images Logo of 1MDB (1Malaysia Development Berhad) on a bus window in Kuala Lumpur, Malaysia. Goldman Sachs is fighting back against criminal charges from the Malaysian government, saying it was the victim of deceptive Malaysian officials in a scandal that has rocked the bank’s …

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Twitter support form leaked data to IPs in China and Saudi Arabia

Anushree Fadnavis | Reuters Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018.  Twitter tanked more than 7 percent Monday after disclosing that one of its support form leaked user data to IP addresses in …

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Small cap stocks enter bear market, with Russell 2000 benchmark down 20% from highs

Shares of U.S. small-cap companies officially entered bear market territory Monday. The names are the most sensitive to fluctuations in the economy and market sentiment because of their small size, and could signal larger caps would soon join them. “The sell-off comes from the risk-off sentiment. Small caps are riskier …

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Bitcoin jumps 11%, rebounding above $3,400

Bitcoin staged a minor recovery on Monday, finally topping the $3,400 level after weeks of pain. The cryptocurrency has nosedived by more than 80 percent from the all-time high hit exactly a year ago. On December 17, 2017 bitcoin peaked just above $19,475, according to CoinMarketCap.com. It has struggled to …

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U.S. airlines bristle at expansion of Qatar-backed Italian airline

Pier Marco Tacca | Getty Images A view of the Boeing 737 Max plane of Air Italy during the unveiling of Air Italy’s Boeing 737 Max at Malpensa airport on May 14, 2018 in Varese, Italy. An Italian airline is now caught in the middle of a simmering dispute over …

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Russia trolled people worried about Russian trolls on social media: Report

Russian intelligence officials waged a campaign to spread disinformation and exploit social fractures during the 2016 U.S. presidential election, two new reports prepared for the Senate Intelligence Committee show. But the social media disinformation campaign didn’t end with the election of President Donald Trump. When reporters began to uncover evidence …

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MSG shares rise after Chairman James Dolan hints to ESPN he’d sell Knicks for a ‘bona fide’ offer

Nathaniel S. Butler | NBAE | Getty Images Kristaps Porzingis #6 of the New York Knicks goes to the basket against the New Orleans Pelicans on January 14, 2018 at Madison Square Garden in New York. Madison Square Garden Co. shares rose on Monday after executive chairman James Dolan told …

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‘Incredible’ the Fed is considering hiking interest rates again

Yuri Gripas | Bloomberg | Getty Images U.S. President Donald Trump speaks after signing bill H.R. 390, the Iraq and Syria Genocide Relief and Accountability Act of 2018, in the Oval Office of the White House in Washington, D.C., U.S., on Tuesday, Dec. 11, 2018.  President Donald Trump took another shot …

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Best Buy shares drop after Bank of America downgrades

Best Buy shares dropped Monday after Bank of America Merrill Lynch downgraded the stock to underperform (the firm’s equivalent of a sell rating), citing slowing sales of electronics, including the iPhone. The firm cited “deceleration in industry growth trends and continued caution on key product categories such as TVs, Apple …

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Goldman shares fall again on ‘1MDB’ fund scandal

Olivia Harris | Reuters Authorities around the world, including the United States, Switzerland and Singapore have looked into anti-money laundering breaches relating to 1MDB. Goldman Sachs shares fell, plumbing new lows for 2018, as the money laundering probe involving Malaysia’s state investment fund “1MDB” took a more serious turn for …

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