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'This is a pro-Amazon ruling': Here's what Wall Street is saying about Google's record-breaking $5 billion fine (GOOGL)

Google has been fined a record $5 billion by the European competition watchdog for abusing the dominance of its mobile operating system, Android. The search giant was accused of forcing smartphone makers like Samsung and Huawei to preinstall its services, such as Google Search and Google Maps, on Android. Most Wall Street analysts aren’t concerned about the company’s ability to pay the fine, but say Amazon will benefit the most from the decision. …read more […]

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'I always knew this day would come': Read the memo outgoing Goldman Sachs CEO Lloyd Blankfein just sent to staff

David Solomon will succeed Lloyd Blankfein as CEO of Goldman Sachs, the firm said Tuesday. Solomon will officially take the reins from Blankfein, the longest-serving Wall Street CEO after JPMorgan’s Jamie Dimon, in October. Blankfein will become senior chairman when he retires, the firm said. …read more […]

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Why You’re Not Investing Enough

In June, we asked readers to tell us what’s keeping them from investing more… or investing at all.

As illustrated in this week’s chart, almost 28% feel like they’re investing what they can. But a whopping 43% either don’t know where to start investing… or won’t invest for fear of losing money.

The remaining 30% or so had other reasons, including not having enough money, being in debt and not understanding the markets.

A 2015 Bankrate Money Pulse survey found that 73% of the more than 1,000 Americans polled didn’t own stocks at all, primarily because they didn’t know enough about the markets… …read more […]