Shares of WisdomTree Investments jumped more than 6 percent Friday after reports that JP Morgan Chase is shopping for an exchange-traded fund firm. The U.S. bank’s asset-management unit is looking to up its presence in the growing $3 trillion-plus ETF market, Bloomberg reported, citing two people who asked not to …
Read More »Monthly Archives: February 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 nearly 2 percent following news of the indictments. …
Read More »PayPal, YouTube, Facebook used to sway US politics
Andrew Harrer | Bloomberg | Getty Images Rod Rosenstein, deputy attorney general, speaks during a news conference at the Department of Justice in Washington, D.C., U.S., on Friday, Feb. 16, 2018. Russian actors had a complex system of search engine optimization, virtual private networks, and engineers dedicated to data analysis, …
Read More »Commerce Dept calls for steep tariffs or quotas on steel, aluminum
Krisztian Bocsi | Bloomberg An employee beside a blast furnace cast house at ThyssenKrupp AG’s steel plant in Duisburg, Germany. Among the recommendations in the reports are a global tariff of 24 percent on all steel imports. An alternative option would impose a tariff of at least 53 percent on …
Read More »Flu kills 22 more children, bringing toll to 84 kids as worst season in a decade continues
David Goldman | AP Reed Olson, 8, gets a flu shot at a Dekalb County health center in Decatur, Ga., Monday, Feb. 5, 2018. The worst flu season in a decade continues to take a grim toll, with 22 more child deaths reported Friday, bringing the total to 84. The …
Read More »FBI says it did not properly follow-up tip on accused Florida shooter
Susan Stocker | Reuters Nikolas Cruz (C) appears via video monitor with Melisa McNeill (R), his public defender, at a bond court hearing after being charged with 17 counts of premeditated murder, in Fort Lauderdale, Florida, U.S., February 15, 2018. The FBI said on Friday that a tip it received …
Read More »Wright Simpson, aide to VA chief Shulkin, retires amid travel scandal
Getty Images U.S. Veterans Affairs Secretary David Shulkin talks to reporters in the Brady Press Briefing Room at the White House May 31, 2017 in Washington, DC. IG investigators had referred Wright Simpson’s conduct to the Justice Department for possible criminal prosecution. But the DOJ declined to bring charges. When …
Read 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 …
Read More »Brexit deal should strike ‘fair balance,’ says Germany’s Merkel
John Macdougall | AFP | Getty Images German Chancellor Angela Merkel and British Prime Minister Theresa May shake hands during a joint press conference after talks on February 16, 2018 in Berlin. A Brexit deal should strike a balance that ensures Britain clearly diverges from the European Union’s single market …
Read More »Struggling Gibson guitar company speaks out about its finances
David Paul Morris | Bloomberg | Getty Images The Gibson Brands Inc. G Force Automatic Tuning System is seen on a Gibson Les Paul guitar at the 2017 Consumer Electronics Show (CES) in Las Vegas. Struggling Gibson speaks out about its finances Amid reports that the company is “running out …
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