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Business News

FCC to propose $200 million fines for U.S. cellphone carriers over consumer data disclosures

February 28, 2020 admin Comments Off on FCC to propose $200 million fines for U.S. cellphone carriers over consumer data disclosures

The U.S. Federal Communications Commission is set to propose fining four major U.S. mobile phone companies at least $200 million in total for improperly disclosing some consumer real-time location data, two people briefed on the matter said on Thursday.

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Trading Ideas

Occidental posts quarterly loss on impairment, charges

February 27, 2020 admin Comments Off on Occidental posts quarterly loss on impairment, charges

The company has been aggressively cutting costs by laying off staff and selling assets to pay down its $38.54 billion debt pile following its $38 billion acquisition of Anadarko Petroleum. Occidental had also previously lowered its spending plans for the year and trimmed production goals to safeguard its dividend at a time when investors have been pressuring oil and gas companies to boost shareholder returns. Occidental reported fourth quarter production of 1.42 million barrels of oil equivalent per day (boepd), in line with its preliminary expectations announced earlier this month. …read more […]

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Trading Ideas

Quick-Hit Strategies Resulting In Back-to-Back Winners

February 27, 2020 admin Comments Off on Quick-Hit Strategies Resulting In Back-to-Back Winners

Now let’s talk about all the red we’ve been seeing this week.
What you’re witnessing in the market right now is a combination of three things…

The market was priced for perfection. That means there was no room for “error” or a virus.
The market fears a lack of continuity of government with the elections coming this fall. Like him or hate him, President Trump is a known quantity. His potential opponent is unknown at this point.
The machines that account for 80% of the trading on Wall Street and the fund managers who must sell to mimic the market cause the type of …read more […]

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Trading Ideas

Exchange-Traded Funds: The Good, the Bad and the Profitable

February 27, 2020 admin Comments Off on Exchange-Traded Funds: The Good, the Bad and the Profitable

I get a lot of questions from investors about exchange-traded funds, or ETFs. Many investors are curious about whether exchange-traded funds should have a place in their portfolios.
Perhaps the best place to start in this discussion is to define what an ETF is.
An ETF is a set of securities put together to track a certain index. One of the more popular ETFs, for example, was constructed to track the performance of the S&P 500. This is the SPDR S&P 500 ETFTrust (NYSE: SPY).
Prior to the creation of ETFs, it was very difficult for an individual investor to actually invest in …read more […]