Comey facing ‘three-pronged legal attack’ after Kasowitz’s detailed investigation
Trump's legal pit bull is doubling down on the former FBI director.
British PM Theresa May's election gamble: what's next?
After losing her party's majority in the U.K. parliamentary election, British PM Theresa May is starting a new minority government. What does it mean for the United Kingdom and Brexit? FOX Business' Ashely Webster reports
Making your bed means the little things in life matter: Ret. Navy Adm. William McRaven
Retired Navy Admiral William McRaven shared an important life lesson he learned in SEAL training that is still applicable in both business and your personal life.
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Sears says some Kmart customer credit card numbers compromised
Sears Holdings said on Wednesday it found a security breach involving "unauthorized" credit card activity following some customer purchases at its Kmart stores.
Impact Insight: Exxon Mobil, Climate Change, and Positive Progress
By SNW Asset Management via Iris.xyz Last week a non-binding shareholder resolution was passed at Exxon Mobil with over 62% of eligible investors voting in favor and against management’s recommendation. While this type of a result in itself is unusual, what is particularly noteworthy about this vote is that it was all about climate change. The…
The Cost Effective Way to Merger Arbitrage
By Yazann Romahi via Iris.xyz The hedge fund landscape is changing. Recent research has made it clear that a significant component of the returns from the main hedge fund styles are generated not only by fund managers’ skill, but as compensation for taking on some form of risks itself, or “beta.” The process is analogous to that…
How to Predict the Future of Financial Services
By Jordan Waxman via Iris.xyz Financial advisors know better than anyone how hard it is to predict the future, especially when it comes to the markets. But by taking a closer look at emerging trends both within our industry and beyond, we can begin to get a sense of what lies ahead for the world of financial…
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Photo Gallery: Mr. Studio 54, Ian Schrager, opens new hotel
Ian Schrager co-founded Studio 54 and is credited with creating the concept of boutique hotels.
Iran company finalizes deal with Boeing to buy 60 planes
Iran's official IRNA news agency is reporting that the country's Aseman Airlines has finalized a deal to purchase 60 planes from the American company Boeing.
How to Manage a Conversation About President Trump With Your Clients
By Carol Pocklington via Iris.xyz Whether you are talking to your financial advisor, doctor, therapist, friend, partner or in line at the supermarket, somewhere the conversation will turn to President Trump. Coping with significant change is difficult for most people. Then add a sense of disappointment in outcomes, and people feel unsettled. When organizations make changes, the…
ETF Liquidity: Four Rules to Consider
By Direxion via Iris.xyz Liquidity, transparency, real-time trading, and relatively low management fees are the reason why ETFs are becoming more and more popular as investment vehicles. Still, there are key characteristics that investors should better understand, in order to trade them properly and seek the best order execution. Of course the largest ETF names are the…
Toshiba to pay $3.68 billion for Westinghouse reactors in US
Money-losing Japanese nuclear and electronics company Toshiba Corp. will be paying $3.68 billion toward the construction of two reactors in Georgia by its U.S. unit Westinghouse, which has filed for bankruptcy protection.
Government seeks dismissal of suit over Trump's businesses
Justice Department lawyers sought the dismissal Friday of a lawsuit alleging that Republican President Donald Trump is violating the Constitution by letting his businesses accept money from foreign governments.
The Latest: Trump says he looks forward to working with May
The Latest on Britain's parliamentary election (all times local): 7:55 a.m. Britain's news media says Theresa May has no intention of giving up the post of prime minister even though her Conservative Party lost its majority in the House of Commons in Thursday's general election.
Sirius XM buys stake in music streaming site Pandora
Online music service Pandora is selling a nearly 20 percent stake to satellite radio company Siriuus XM for $480 million as part of moves aimed at raising cash to help take on Spotify and other streaming music services.
U.S. tech stock selloff leaves investors eyeing end of rally
A steep drop in technology stocks on Friday, led by Apple's worst plunge in 14 months, has left investors concerned that a rally may be over for high-flying Silicon Valley names that have pushed Wall Street to record highs this year.
Apple CEO to MIT grads: Tech without values is worthless
Apple CEO Tim Cook is delivering the commencement address at the Massachusetts Institute of Technology.
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Figures on government spending and debt
Figures on government spending and debt in millions of dollars.
Business Highlights
___ Apple unveils 'HomePod' speaker, first new product in years SAN JOSE, California (AP) — Apple nodded to several up-and-coming technology trends, unveiling an internet-connected speaker and new device features touching on virtual reality, online privacy and a form of artificial intelligence called machine learning.
How major US stock market indexes fared on Friday
Wall Street turned in an uneven finish Friday as investors sold off shares in technology companies and bid up energy and financial stocks.
Dow, Russell 2000 hit new highs; uneven finish for US stocks
U.S. stock indexes moved higher in early trading Friday, adding to the market's modest gains from a day earlier.
Comerica and DuPont Fabros climb while Endo dives
Stocks that moved substantially or traded heavily Friday: Endo International Inc., down $2.29 to $11.49
Understand ETFs to More Effectively Access Markets
Exchange traded funds are relatively new in the industry, and to efficiently and effectively trade the instrument, investors should adequately familiarize themselves with the investment tool. ETFs try to passively reflect the performance of a benchmark index, providing investors exposure to a portfolio of assets or securities, but not every ETF is blessed with deep…
Retirement
New England's largest commercial greenhouse changing hands
A Canadian produce company has purchased tomato grower Backyard Farms, the largest commercial grower of year-round tomatoes in New England.
The Diversification Benefits of Gold ETFs to Mitigate Short-Term Risks
As investors look for investment options to potentially diversify portfolios in an extended bull market environment, consider a gold exchange traded fund to help smooth out bumps that could shake traditional stock and bond positions. “Seek to mitigate episodic volatility due to policy uncertainty with an allocation to gold,” Michael Arone, Chief Investment Strategist US…
Markets Right Now: Tech stocks slump, but Dow sets new high
The latest on developments in financial markets (All times local): 9:35 a.m.
Medical marijuana dispensaries, patients wait through delays
Medical marijuana dispensaries are beginning to open in Hawaii, but they're not allowed to sell their products.
CNN dumps host Reza Aslan after anti-Trump tweet
CNN has dumped author Reza Aslan less than a week after he profanely referred to President Donald Trump in a tweet.
Grain higher, livestock mixed
Grain futures were higher Friday on the Chicago Board of Trade.
US rig count rises this week to 927; Oklahoma gains 5
The number of rigs exploring for oil and natural gas in the U.S. rose by 11 this week to 927.
Poland ETFs Among Best Single Country Performers This Year
Exchange traded funds that track Polish markets are among the best performing country-specific ETFs of the year as strong domestic consumption helped lift the economy and a strengthening zloty currency supported further investment interest. Year-to-date, the VanEck Vectors Poland ETF (NYSEArca: PLND) gained 36.5% and iShares MSCI Poland Capped ETF (NYSEArca: EPOL) rose 34.5%. Supporting…
Businesses should cut ties with Qatar, Egyptian billionaire says
Egyptian billionaire investor Naguib Sawiris on Friday discussed why Arab investors should pull their money out of the oil rich country of Qatar.
How RIAs Are Utilizing ETFs
Supporting the rapid growth of the exchange traded fund industry, a larger number of registered investment advisors, or RIAs, have come to appreciate the benefits of the nifty investment vehicle and plan to increase their exposure ahead. According to a recent Wealth Management report on RIA investment trends as of the end of 2016, ETFs…
Oil Ends Higher, But Still Marks a Third Weekly Decline
Oil prices finished with a gain Friday, finding support after suffering back-to-back losses.
Conservative: GOP stuck on budget, threat to tax overhaul
An influential conservative lawmaker says Republicans controlling the House are simply stuck and are unable to pass a party budget.
Appeals court upholds $11 million jury award in Toyota crash
An appeals court has affirmed an $11 million jury award related to a Minnesota crash that killed three people and resulted in the wrongful imprisonment of a driver.
AMD's Stock Tumbles, Bringing Win Streak To An Abrupt End
Shares of Advanced Micro Devices Inc. sank 5.2% in afternoon trade Friday, marking an abrupt end to the recent win streak, amid a broad selloff in the technology sector.
Man sentenced for interfering with commercial flight crew
A man who disrupted an American Airlines flight from the Los Angeles area, forcing it to make an unscheduled landing in Lubbock, Texas, has been sentenced to 36 months in federal custody.
Plunging Tech Shares Pulls U.S. Stock ETFs From Record Highs
U.S. equities and stock exchange traded funds were rallying Friday but a drop in technology stocks dragged markets away from the record heights it hit earlier in the day on a strengthening financial sector. The S&P 500 Index, along with related funds including the SPDR S&P 500 ETF (NYSEArca: SPY), iShares Core S&P 500 ETF…
Honda to roll out all-new Accord with no V6 option
Honda says its Accord midsize car will be offered only with four-cylinder or gas-electric hybrid engines when an all-new version comes out later this year.
Gold Marks First Weekly Loss In 5 Weeks
Gold prices settled lower Friday to a tally a loss of 0.7% for the week.
Tillerson Calls On Saudis, Others To Ease Blockade On Qatar
U.S. Secretary of State Rex Tillerson called on Saudi Arabia and other countries to end their "blockade" of Qatar, after they accused the country of backing terrorist activities.
Greek anti-austerity protesters pelt police with fish
Protesters outside parliament have thrown boxes of fish at police during a demonstration ahead of a vote on new austerity measures.
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