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Ex-CEO, COO of biotech firm MiMedx charged with securities fraud

Two former executives of biotech company MiMedx Group Inc were criminally charged on Tuesday with fraudulently inflating the company’s revenue. Former MiMedx Chief Executive Officer Parker Petit and former Chief Operating Officer William Taylor were charged with securities fraud and conspiracy in an indictment in Manhattan federal court. “Pete Petit adamantly denies the charges levelled against him today, and he will vigorously defend himself in court,” Petit’s lawyer, Eric Bruce, said in a statement. …read more […]

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New Gold Bull Market Is on the Horizon

Editor’s Note: 2020 is almost upon us… And many investors are asking: “Is now the time to buy gold?”
To answer, we turned to fellow gold bug and close friend of The Oxford Club Rich Checkan.
Rich is president and COO of Asset Strategies International – a leader in precious metals, foreign currencies and rare tangible assets since 1982.
Below, Rich shares his outlook for gold in 2020 and why you should consider adding it – above all other asset classes – to your portfolio today.
I know you’ll find his advice useful.
– Rebecca Barshop, Managing Editor

Back in July, I wrote about gold’s long-anticipated …read more […]

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UPDATE 1-Pompeo: Turkey's test of Russian weapons system 'concerning'

Turkey carrying out tests with the Russian defense system it purchased was “concerning,” U.S. Secretary of State Mike Pompeo said on Tuesday, but added that talks between Washington and Ankara to resolve the issue were still underway. Speaking at a news conference, Pompeo said the United States has made it clear to Turkey that Washington wants to see Ankara move away from full operation of the S400 air defense system. …read more […]

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The Greatest Investor in History

Who is the greatest investor in history? It’s not Warren Buffett or George Soros…
Nicholas Vardy explains how this lesser-known investor ignored modern financial theory and created the best-performing quant fund ever.

So who is the greatest investor in history?
Most investors would say Warren Buffett.
Despite trailing the S&P 500 over the past 15 years, Buffett has a cult-like following across the globe. A search for Buffett’s name on Amazon reveals more than 4,000 results.
Those in the hedge fund world would point to George Soros. His high profile – and highly profitable currency bets – have certainly earned him a place on the …read more […]

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Disney+ reaches 15.5M subscribers since its launch

Disney’s streaming service is thriving after the entertainment powerhouse has close to 1 million new subscribers a day, a total of 15.5 million subscribers according to Apptopia. The research claims that Disney brought in $5 million from in-app purchases. Yahoo Finance’s Brian Cheung, Scott Gamm and Sibile Marcellus discuss on YFi AM. …read more […]

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Dollar Tree misses Q3 earnings forecasts

Dollar Tree reported quarterly results that missed expectations despite revenue topping Wall Street’s consensus. Dollar Tree expects tariffs to increase cost of goods sold by about $19 million for the fourth quarter if the full level of tariffs are put in place. Yahoo Finance’s Brian Cheung, Scott Gamm and Sibile Marcellus discuss on YFi AM. …read more […]

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UPDATE 1-U.S. banking sector profits dip 7.3 pct to $57.4 bln in Q3 2019 – FDIC

Profits across U.S. banks dipped by $4.5 billion to $57.4 billion in the third quarter of 2019, as “nonrecurring events” at three large financial institutions drove down sector growth, the Federal Deposit Insurance Corporation reported Tuesday. Absent those events, which the FDIC said were previously diclosed asset writedowns by Bank of America, Wells Fargo, and Mufg Union Bank, the banking sector would have continued its march to record profits by posting a slight increase to its all-time high of $62.6 billion record in the second quarter. The decline drove profits 7.3% lower than where they stood one year …read more […]