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Monthly Archives: December 2017

Prosecutors are reportedly seeking Kushner records from Deutsche Bank

Nicholas Kamm | AFP | Getty Images Jared Kushner, son-in-law and senior adviser of President Donald Trump. Federal prosecutors are seeking information about Trump senior advisor Jared Kushner’s real estate business, The New York Times reported Friday, citing four sources. Prosecutors in the United States attorney’s office for the Eastern …

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Cboe files to list 6 bitcoin ETFs

Getty Images A computer screen at the Cboe Global Markets exchange (previously referred to as CBOE Holdings, Inc.) shows Bitcoin cash and futures prices on December 19, 2017 in Chicago, Illinois. Cboe Global Markets has applied with the SEC to list six bitcoin-related exchange-traded funds as the company bets further …

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Sen. McConnell mocks Steve Bannon’s ‘political genius’ after Moore defeat

Nicole Craine | Bloomberg | Getty Images Steve Bannon, chairman of Breitbart News Network LLC, speaks during a campaign rally for Roy Moore, Republican candidate for U.S. Senate from Alabama, not pictured, in Fairhope, Alabama, U.S., on Tuesday, Dec. 5, 2017. Senate Majority Leader Mitch McConnell is mocking Steve Bannon …

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5 companies that will help you pay off your student debt

Michael Nagle/Bloomberg | Getty Images Aetna Inc. headquarters in Hartford, Connecticut Healthcare company Aetna offers full-time and part-time employees both tuition reimbursements and student loan repayment. Their student loan repayment program matches part-time employee student loan payments up to $1,000 per year with a lifetime maximum of $5,000. For full-time …

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Steve Bannon asked to testify before House Intelligence Committee: Report

Chip Somodevilla | Getty Images Former White House Chief Strategist Steve Bannon attends a ceremony at the White House April 10, 2017 in Washington, DC. Steve Bannon, a former top White House strategist and a former chief campaign aide to Donald Trump, has been asked to testify before the U.S. …

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Investors yank billions out of market following tax bill win

As Congress moved the tax bill forward, investors pulled the highest amount out of equities funds in more than three years, suggesting some investors may see “tax cuts” as already priced in. According to Bank of America Merrill Lynch, redemptions from equities funds and ETFs totaled $14.5 billion, the fourth …

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Bitcoin-mania stock volatility shows the fallacy of ‘efficient markets’

SeongJoon Cho | Bloomberg | Getty Images Pedestrian look at monitor showing the prices of virtual currencies at the Bithumb exchange office in Seoul, South Korea, on Friday, Dec. 15, 2017. The extreme volatility in bitcoin or blockchain-related shares proves once again stock prices are not always efficient, but can …

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Financials, health care, consumer discretionary? Here’s the one to buy

Three sectors have seen the same amount of gains this year, but one will come out on top, according to one technician. Financials, health care and consumer discretionary sectors have rallied about 21 percent this year. Piper Jaffray’s Craig Johnson says that from a technical standpoint, financials are looking the …

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Trump says tax bill is ‘the rage’ in corporate America, but this scorecard shows it’s too early to tell

Jonathan Ernst | Reuters President Donald Trump celebrates with Congressional Republicans after the U.S. Congress passed sweeping tax overhaul legislation on the South Lawn of the White House in Washington, U.S., December 20, 2017. It may be too early to tell if a tax bill that just cleared Congress is …

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will pay $1,000 to almost 9,000 employees

Gary Gershoff | Getty Images Sinclair Broadcast Group’s subsidiary Tennis Channel rings the NASDAQ bell, led by President Ken Soloman. Sinclair Broadcast Group announced Friday it will pay a one-time $1,000 bonus to nearly 9,000 of its employees as a result of the recent tax reform bill’s passage in Washington. …

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