Phillip Frost Charged By SEC For Market Scheme

The Securities and Exchange Commission (SEC) charged Billionaire Phillip Frost with participating in a classic pump-and-dump scheme. The Miami resident and founder of the Phillip and Patricia Frost Museum of Science made his billions through his large pharmaceutical company OPKO Health. The charge suggests that Frost and 9 other investors participated in the scheme from […]
  • Peter Boyer
  • September 9, 2018
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Prime Day marks biggest shopping event for Amazon

Amazon continues to roll This year’s Amazon Prime Day was the biggest shopping event in the history of Amazon. Sales on the day eclipsed that of Cyber Monday, Black Friday, and other major shopping days. According to the company, Amazon Prime members purchased over 100 million products. Items varied but popular sales included video games, […]
  • Ben Norman
  • July 19, 2018
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Stock markets on the up-and-up

The stock market is currently thriving The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all closed at brilliant levels on Friday. The Dow reached 25,000 points, its highest in the past 30 days. Secondly, the S&P 500 hit its highest point in the past five months. And finally, the Nasdaq closed at a […]
  • Ben Norman
  • July 17, 2018
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Markets rise as Irma weakens, North Korea anniversary passes without nuke test

Markets around the world are rising as Florida missed the worst of Irma this weekend, and as North Korea’s founding celebration, which took place Saturday, did not include a missile test, Reuters reports. Irma hit the Florida keys Sunday as a Category 4 hurricane, then came into Miami, damaging several buildings and creating a storm […]
  • William Van-Lear Black
  • September 11, 2017
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US Stock Market Reacts to Political Gridlock, Quarter Two Earnings Reports

As earnings reports for the second quarter of 2017 continue to roll in, the stock market remains strong despite “political gridlock,” disappointing quarterly statistics from a number of financial institutions, and uncertainty in the healthcare sector, Reuters’ Kimberly Chin reports. The S&P financial sector is trending downward as shares of banks like JP Morgan, Wells […]
  • William Van-Lear Black
  • July 19, 2017
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Blue Apron Goes Public With an IPO of $10/share

Blue Apron, the $1 billion dollar online food delivery startup that sells “meal kits” containing everything the customer needs to make a meal at home, opened on the New York Stock Exchange Thursday at $10 a share. The company initially anticipated pricing its IPO in the range of $15-17 per share. The decision to enter […]
  • William Van-Lear Black
  • June 30, 2017
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Toshiba Receives High Bids On Its Chip Business

The Japanese corporation, Toshiba, has been looking to raise around 300 billion yen from the sale of 19.9 percent stake toward its flash memory chip business. So far, Toshiba has only received bids of 200 million yen to 400 million yen ($1.8-3.6 billion) according to Reuters. The price of 300 million would aid in the […]
  • Sharnita Sanders
  • February 10, 2017
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Dollar Slips Against Yen After Trump’s Policies

President Trump’s  executive order to curb immigration into the U.S. spread concern on the impact the administration could have on global trade and the economy. On Monday, major world equity markets fell and the dollar fell below the yen. After the executive order came down on Friday, stocks on Wall Street experienced their worst day of […]
  • Anahit Moumjian
  • January 31, 2017
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Will Apple, Amazon, Facebook, and Google’s Parent Company Meet High Expectations?

The four tech giants (Apple, Amazon, Facebook, Alphabet) are reaping in tons of profit this year.The companies are valued at $1.8 trillion combined. All four will report their earnings for the quarter next week. These four tech giants may boost the Nasdaq, the American stock market, to an all-time high. Nasdaq is only 3% away […]
  • Joanna Mei
  • July 25, 2016
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