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UPDATE 1-Influential U.S. doctors group calls for ban on vaping products

The American Medical Association (AMA) on Tuesday called for a total ban on all e-cigarette and vaping products that are not approved by the U.S. Food and Drug Administration as smoking cessation tools. The AMA is urging regulators and legislators at the state and local levels to ban the sale and distribution of all e-cigarette and vaping products, and stipulates that those products should only be available by prescription. …read more […]

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Morgan Stanley pushes advisers to boost revenue in 2020 pay plan -sources

Morgan Stanley told financial advisers on Tuesday that they could be paid less if they do not generate more revenue or get customers to sign up for comprehensive financial plans next year, people familiar with the bank’s 2020 compensation plan said. Morgan Stanley made several changes to the incentive structure, including its 16-tier “pay-out grid” that determines what percentage of fees and commissions brokers get to take home. Anyone generating less than $5 million in annual revenue will have to deliver another 10% to reach the payout they received in 2019, according to material reviewed by Reuters. …read more […]

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Kylie Jenner-Coty Deal Led by Little-Known Adviser Tiger Chark

(Bloomberg) — A deal by one the world’s largest makeup brands to back a venture by a member of reality television’s royal family was a coup for a little-known firm that advised Coty Inc.When Coty announced its $600 million investment for the majority stake in Kylie Jenner’s cosmetics company this week, it said it tapped Tiger Chark LLC, an adviser that had not been publicly connected to a deal before.Tiger Chark acted as a matchmaker connecting Coty to Kylie Jenner, a member of the Kardashian-Jenner clan, and also as a brand consultant, people familiar with the matter said, asking not …read more […]

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UPDATE 1-California toughens drilling oversight in setback for industry

California, the seventh-biggest U.S. oil-producing state, on Tuesday unveiled new regulations for drillers as it seeks to wind down its reliance on fossil fuels. The regulations, which were applauded by environmental groups, sent shares of California-based oil drillers Berry Petroleum Corp and California Resources Corp down sharply. The announcement by Governor Gavin Newsom underscored the sharp differences between the heavily Democratic state and the Trump administration’s energy dominance agenda, which has sought to ease oil and gas regulations and boost U.S. production. …read more […]

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3 Reasons to Be Bullish on THIS Market

Cue Rita Coolidge and the theme song from Octopussy.
U.S. stocks hit a series of their own “all-time highs” last week, and they seem poised to continue higher in the near term.
A number of things have stirred the animal spirits on Wall Street, including…
1. The Fed
You might not like what the Fed is doing. I could argue there was no need for the recent round of rate cuts, especially with the unemployment rate so low.
But the phrase “don’t fight the Fed” is a cliché for a reason.
The Fed’s October rate cut was its third since June. When the Fed previously cut …read more […]

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INTERVIEW: TCV Partner Woody Marshall Explains the Key to a Winning Technology Growth Story

Woody Marshall, General Partner at TCV By John Jannarone Investing in a growth company requires a view that a business can be fundamentally profitable over an extended time horizon. But in some cases, public-market investors simply don’t have the patience to see a business blossom. That’s according to Woody Marshall, General Partner at Menlo Park-Based […] …read more […]

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Disney responds to data breach after thousands of Disney+ accounts hacked

Disney+ customers are reporting that their accounts have been hacked — just one week after the streaming platform’s launch. TrustedSec GRC Practice Lead Alex Hamerstone joins Yahoo Finance’s Zack Guzman and Heidi Chung, along with Black Hawk Financial Founder Leanna Haakons, to discuss on YFi PM. …read more […]

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California Bans High-Pressure Steam Oil Wells, Reviews Fracking

(Bloomberg) — California halted approvals of new oil wells that use high-pressure steam extraction techniques following recent leaks at a Chevron Corp. facility in Kern County.Regulators will consult with experts to determine whether the process can be done safely during the moratorium, the state’s Department of Conservation said in a statement Tuesday. California also said it will have an independent audit of its permitting process for hydraulic fracturing and other methods of stimulating crude flows.Shares of California Resources Corp. tumbled as much as 32% on the news while Berry Petroleum Corp., which operates in the state as well, slumped 18%.“These …read more […]

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UPDATE 1-U.S. housing finance agency to revisit key Fannie, Freddie capital rule

The U.S. housing finance regulator on Tuesday said it planned to re-issue new capital rules for mortgage giants Fannie Mae and Freddie Mac next year, in a development that is likely to slow the pair’s removal from government control. The Federal Housing Finance Agency (FHFA) said it would again propose the rule first unveiled in July 2018 in light of the administration’s decision to begin rebuilding the mortgage giants’ capital bases as part of a broader plan to ultimately remove them from government conservatorship. “In fairness to all interested parties, the comments submitted during the previous rulemaking were …read more […]

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7 of the Best Brokerages for Handling Cash Reserves

Investors should know what their money earns. Cash that remains in your brokerage account after buying and selling stocks, exchange-traded funds or mutual funds is typically moved into a sweep account. Recent price wars that eliminated fees also increased the varied interest rates in these accounts. …read more […]