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Why Paul Tudor Jones Thinks Capitalism May Need to Be Overhauled
Capital Markets
With a net worth estimated by Forbes to be about $4.7 billion, there's no argument that capitalism has been very good to Paul Tudor Jones. But the billionaire hedge fund manager and philanthropist on Tuesday told CNBC's "Squawk Box" that he believes the growing income inequality in the United States proves that capitalism probably needs "modernizing." Per the interview: "Capitalism
Net Neutrality Repeal is Official: Will You Notice?
Capital Markets
Net neutrality rules were officially stripped Monday, eliminating laws that prevented internet service providers from charging more for specific content or favoring particular applications. Why It’s Important Telecommunications and cable firms — Verizon Communications Inc. (NYSE: VZ), AT&T Inc. (NYSE: T), Sprint Corp (NYSE: S), T-Mobile US Inc (NASDAQ: TMUS), Comcast Corporation (NASDAQ: CMCSA) and DISH Network Corp (NASDAQ: DISH)
Dennis Rodman is in Singapore For the Historic U.S./North Korea Summit - and to Promote a Marijuana Cryptocurrency
All eyes are on Donald Trump and Kim Jong-un this week as the two leaders meet in Singapore for a historic discussion on nuclear disarmament. While we wait to see whether the two volatile leaders will be able to reach an agreement on nuclear weapons, there is one man who might be able to bring the two men together: Former
Report: Apple Bans Cryptocurrency Mining on its iOS Platform
First things first: The staggering amount of processing power and electricity it takes to mine Bitcoin pretty much assures that no one will ever be mining it on their iPhone or iPad. However, Apple has taken the preemptive step to assure that no one tries to mine any cryptocurrency on its devices, updating its developer guidelines to ban it on
Where Is Amazon Investing In Fintech?
Amazon.com, Inc. (NASDAQ: AMZN) has become a massive success over time by taking an aggressive approach to exploring and adopting cutting-edge technology. In recent months, Amazon has been investing heavily in fintech initiatives with a particular focus on the huge, high-growth Indian market. Betting On Fintech Back in February, Amazon was one of several investors that provided $16 million in
International Equities and the U.S. Dollar: Is It Time to Hedge?
In a reversal from last year, the U.S. dollar has strengthened against other major currencies in 2018, reflecting rising U.S. rates, expectations of more Federal Reserve rate hikes and recent sluggish economic data outside the U.S. While U.S. dollar strength has broad implications for earnings and markets, it also has a direct impact on the performance of international equity allocations
Paul Singer Talks Corporate Governance and 'Business Ethics'
Hedge Funds
Notes from The Deal Corporate Governance Conference which took place on the 7th of June, 2018. Find the previous coverage here and full notes here. For the third year, Jim Cramer and The Deal will host an exclusive gathering of corporate decision makers and their key advisors to discuss the best strategies to meet and master the latest and most
The Simple Method to Keep Employees Happier at Their Jobs
Lifestyle
An estimated 42 million employees will leave their jobs in 2018, according to a Work Institute’s 2018 Retention Report released in 2018. The top reason employees gave for leaving was lack of opportunity to learn or develop skills (21%). Whether they have a formal development program or not, cross-training can be one solution to improving retention, says Jason O’Neill, head
SEC Names its First Advisor on Cryptocurrencies
The Securities and Exchange Commission announced this week that it has named Valerie A. Szczepanik as Associate Director of the Division of Corporation Finance and Senior Advisor for Digital Assets and Innovation, making her the agency's first advisor on cryptocurrencies. In the newly created position Szczepanik will be charged with coordinating "efforts across all SEC Divisions and Offices regarding the
Deutsche Bank Analyst Sees Improvement at Snapchat
Capital Markets
Investors continue to pay close attention to user metric trends at Snap Inc (NYSE: SNAP) in light of Europe's General Data Protection Regulation (GDPR) taking effect and a loss of users as of the first quarter. The Analyst Deutsche Bank's Lloyd Walmsley maintains a Hold rating on Snap with an unchanged $12 price target. The Thesis Snap's recent first-quarter report