Archive for May 2nd, 2017

“For now, however, simply being in an index fund provides automatic exposure to the big winning stocks and groups. And active managers are crowding into the big tech winners. It remains an almost circular argument; that to keep pace with the relevant index (which is weighted by market cap), a manager has to load up on the biggest names, which in turn pushes those stocks higher. Which is how it was in the last tech bubble when the Nasdaq Composite first hit 5000.
To be sure, it’s a different tech boom, with actual profits instead of just eyeballs. And only the As in FAANG-Apple and Amazon-were…

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The already large wage gap between the coal industry’s top executives and average coal workers is expanding further.

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Here's how Ivanka Trump reacted behind closed doors after seeing the Access Hollywood tapeAfter a 2005 Access Hollywood tape of President Donald Trump describing how he would “grab” women…

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The Boston Celtics have a 25% chance of landing the No. 1 pick in the NBA Draft lotteryThe Boston Celtics had the best record in the Eastern Conference this year. Yet, thanks to a…

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Watch the US missile defense in Korea that has China spooked knock out an incoming missileUS defense officials confirmed on Tuesday that the Terminal High Altitude Area Defense, or THAAD…

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<p>Apple reported a surprise fall in iPhone sales for the second quarter Tuesday, indicating customers had held back purchases in anticipation of the 10th-anniversary edition launch of the company's most important product.</p>

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Apple Inc reported a surprise fall in iPhone sales for the second quarter on Tuesday, indicating that customers had held back purchases in anticipation of the 10th-anniversary edition launch of the company's most important product.

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Wells Fargo just lost a $2 billion government contract with the City of Philadelphia, at least partly due to the bank's "fake account" scandal.

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<p>Major automakers on Tuesday posted declines in U.S. new vehicle sales for April in a fresh sign the long boom cycle that lifted the American auto industry to record sales last year is losing steam, sending carmaker stocks down.</p>

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Soon after William N. Finley IV got off the bus to the festival grounds late Thursday afternoon, he realized something was very wrong.&nbsp;

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If you got $10,000 in free money, how would you spend it?

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McDonald’s Corp. should be investigated for gouging franchisees on rents and deceiving them about how the amounts are calculated, a labor union said in letters to two attorneys general.

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Before dawn, a coal miner named Cameron Justice stopped at a gas station in Mingo County, West Virginia, grabbing two cans of Monster Energy drink before heading into the pits.

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Splitting commercial and investment banking with a new version of the 1930s Glass-Steagall law would be a tough sell

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As he stepped onto the stage at the annual meeting of the National Association for Business Economics, Peter Navarro knew he was facing a tough crowd.

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