Kushner Real Estate Company Investigated By SEC

The real estate company run by the family of White House senior adviser Jared Kushner is under investigation by the Securities and Exchange Commission for its use of a federal visa program, according to a Wall Street Journal report. The SEC issued a subpoena to the company, Kushner Companies, requesting information regarding its use of the… Please follow and like us:

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Apple Experienced More Product Delays Under Tim Cook Compared To Steve Jobs

Product delays under Apple CEO Tim Cook’s tenure have more than doubled compared to his predecessor Steve Jobs, according to analysis by the Wall Street Journal. The report comes as customers wait for the new HomePod, which was revealed in September. The speaker’s release date was initially in December but was pushed back. Delays have led… Please follow and like us:

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Merrill Lynch Bans Bitcoin Trading

Wealth management firm Merrill Lynch has blocked all of its clients and financial advisers who manage money for clients from trading Bitcoin over fears of instability relating to the cryptocurrency, the Wall Street Journal reported. The ban will keep the firm’s nearly 17,000 financial advisers from suggesting Bitcoin-related investments and advises against client requests to invest… Please follow and like us:

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Corporate Tax Rate Changes Might Result In Company Deleveraging

Since the financial crisis, the total value of debt owed and issued by US corporations has ballooned. Bingeing on low-interest rates, companies have borrowed heavily to finance acquisitions, buybacks, and dividends with few, if any repercussions. Get Our Icahn eBook! Get our entire 10-part series on Carl Icahn and other famous investors in PDF for free!… Please follow and like us:

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Boeing discussing potential multibillion-dollar takeover of jetmaker Embraer

SEATTLE — Boeing is discussing a potential multibillion-dollar takeover of regional jetmaker Embraer of Brazil, the two companies said Thursday. A deal is by no means certain since the Brazilian government would have to approve the sale of a company considered the crown jewel of the country’s manufacturing sector. A successful transaction would be Boeing’s largest… Please follow and like us:

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YouTube says 10,000 will review videos

In a tacit admission that its artificial intelligence still lags behind humans, Google said it would increase the number of people it has monitoring YouTube for offensive and extremist content to 10,000. YouTube has faced a revolt by advertisers over ads paired with disturbing videos, such as those made by hate groups and religious extremists. Subsequent… Please follow and like us:

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Report: Wells Fargo may face more federal sanctions

Wells Fargo & Co. may face new sanctions from a federal regulator over bad practices the bank has over the past last several months, including forcing auto loan customers into unneeded insurance policies and charging improper fees on some mortgage borrowers, the Wall Street Journal reported this week. The Journal said the Office of the Comptroller… Please follow and like us:

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YouTube Apologizes For Autocomplete Suggestion ‘How To Have S*x With Your Kids’

YouTube tweeted an apology hours after one of the worst instances of autocomplete was reported Sunday on the Google-owned video platform. A user shared a videograb with YouTube which shows her typing in the words “how to” on the site’s search bar even as Youtube’s autocomplete suggestions crop up — from “how to tie a tie”… Please follow and like us:

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Would tax cut bring higher wages?

WASHINGTON — Gary Cohn, the top White House economic adviser, was onstage making the Trump administration’s case that a huge cut in corporate taxes would trigger a surge of business investments. Then came an off-the-cuff question to business leaders listening to Cohn at The Wall Street Journal CEO Council meeting last week: How many will increase… Please follow and like us:

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Tech Industry Responds to FCC’s Plan To Kill Net Neutrality

United States Federal Communications Commissioner Ajit Pai announced Tuesday his proposal to repeal net neutrality protections passed in 2015. Chairman Pai introduced the proposal in an op-ed published in the Wall Street Journal, in which he called the current net neutrality rules put in place during the Obama administration “heavy-handed internet regulations” that have stifled broadband… Please follow and like us:

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Report: Jones requests a league meeting to discuss Goodell’s contract extension

FRISCO, Texas — Dallas Cowboys is not backing down on his attempt to block a contract extension for NFL commissioner Roger Goodell, despite “threats of retaliation” from other NFL owners. Jones on Thursday requested a special league meeting to discuss Goodell’s contract extension negotiations, according to the Wall Street Journal. According to the report, Jones sent… Please follow and like us:

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Is NASDAQ “Selling Out” To HFT Or Playing By The Rules?

When the Nasdaq exchange decided to close down its Market Velocity and Market Forces products on October 30, it ended an 11-year run for a data feed that had received limited customer traction but garnered much attention recently. The controversy that surrounded the product’s end, news first reported by The Wall Street Journal, raises questions about… Please follow and like us:

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Kaspersky blames NSA hack on infected Microsoft software

Embattled computer security firm Kaspersky Lab said Thursday that malware-infected Microsoft Office software and not its own was to blame for the hacking theft of top-secret US intelligence materials. Adding tantalizing new details to the cyber-espionage mystery that has rocked the US intelligence community, Kaspersky also said there was a China link to the hack. The… Please follow and like us:

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Quantopian Test Backfires Or Just Too Early To Make a Determination?

Steven Cohen’s experiment at diving into quantitative investing may have hit a speed bump on his way to launching a new hedge fund with the widely hailed Quantopian platform. The Wall Street Journal reported that the experiment at unleashing a horde of mathematicians, engineers, and computer programmers onto the market panoply has been met with anemic… Please follow and like us:

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Uber board agrees to clear path for SoftBank investment, reports say

Uber’s board agreed Sunday to a deal opening the way for a consortium of investors led by Japanese conglomerate SoftBank to buy a significant stake in the ride-hailing company, moving Uber toward going public, according to press reports. The Softbank-led consortium’s investment in Uber could be worth up to $10 billion, Reuters reported, citing two unidentified… Please follow and like us:

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