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Morgan Stanley to get $375 million termination fee if E*Trade walks away from deal

On Thursday, Morgan Stanley entered into a deal to buy E*Trade, the biggest acquisition by a major Wall Street bank since the 2007-2009 financial crisis. E*Trade has been the subject of M&A speculation for some time, especially after Charles Schwab Corp said it would buy TD Ameritrade Holding Corp last year. If Morgan Stanley terminates the deal due to antitrust issues, E*Trade would receive $525 million, Morgan Stanley said in a regulatory filing https://www.sec.gov/ix?doc=/Archives/edgar/data/895421/000095010320003111/dp121716_8k.htm. …read more […]

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Wells Fargo Pays $3 Billion, Avoids Prosecution Over Abuses

(Bloomberg) — Wells Fargo & Co. will pay $3 billion to settle U.S. investigations into more than a decade of widespread consumer abuses under a deal that lets the scandal-ridden bank avoid criminal charges.The deferred-prosecution agreement with the Department of Justice spares the company a potential conviction that can create serious complications for banks, if it cooperates with continuing probes and abides by other conditions for three years. The accord also resolves a complaint by the Securities and Exchange Commission.Investigators found Wells Fargo’s overly aggressive sales targets led thousands of employees to open millions of bogus accounts for customers or …read more […]

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Federal prosecutors investigating whether Boeing pilot knowingly lied to FAA: NYT

Boeing said it was cooperating with the U.S Department of Justice investigation. The prosecutors in recent months questioned several Boeing employees focusing on whether Mark Forkner, a top pilot at the company, intentionally lied to the regulator about the nature of new flight control software on the jet, according to the report. A lawyer for Forkner did not immediately respond to Reuters request for comment. …read more […]

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We’re Killing It in The War Room

The market’s negative tone as we end this week would have you thinking all is wrong with the world.
With the coronavirus, recessionary signals out of Japan, a slowdown in exports from China, political land mines back in the U.S. and a fear of a melt-up in U.S. stocks coming to an end… you would think we’d all find comfort hiding in a cave somewhere!
Not so in The War Room. This week we locked in a slew of winners, and just yesterday Bryan showcased his amazing trading skills by opening and closing four winners in one day alone with strong double-digit …read more […]

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Can Beyond Meat (BYND) Stock Keep Surging Higher? Analysts Remain Skeptical

If volatility was a vegan patty, the Beyond Meat (BYND) offering would be selling by the truckload. Shares of the meat industry disruptor are up by 54% year-to-date. The wild ride continues last year’s action-packed performance; following its public listing in May, the stock surged by more than 420% to a high of $239.71 in July, before crashing all the way down to $73.6 in mid-December.The jury is still out on whether Beyond Meat really has what it takes to become a marquee name in the 2020s, as a number of questions regarding its road to long-term success still remain …read more […]

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How to Invest in Stocks for Beginners with Little Money

Many people want to get invested, but they don’t think they have enough money. It’s a shame, because anyone can open a position with relatively little money and still reap the benefits of market growth. So Investment U put together this guide on how to invest in stocks for beginners with little money.
Start by looking at how much you can invest—money you won’t need for at least one year. If you’ve got a couple hundred dollars, you’ve got more investing power than you might realize.
And if you’re pinching pennies to try and invest, be diligent about saving until you …read more […]