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The Best in Alternative News

The Dow Is on the Verge of Busting Out of Correction Phase…

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The Dow Jones Industrial Average was on the brink of bursting out of correction territory for the first time in more than six months, underscoring some signs of renewed optimism on Wall Street. The blue-chip benchmark has so far failed to trade 10% above the closing low of 23,533.20 hit on March 23, but could […]

Facebook Has Worst Day in Wall Street History…

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A historic drop in Facebook stock pulled technology stocks lower on Wall Street, even as other sectors climbed. Facebook plummeted 19 percent Thursday after warning of slower growth ahead, erasing more than $100 billion in value. The drop was the largest one-day loss in value of any publicly traded company in history, according to the […]

Small Banks Trump Wall Street on Dodd-Frank Rewrite…

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Congress on Tuesday rolled back some of the restraints imposed on banks after the 2007-2009 global financial crisis, but big players like Goldman Sachs Group Inc (GS.N), Morgan Stanley (MS.N) and JPMorgan Chase & Co (JPM.N), will not be breaking out the champagne. While Wall Street banks lobbied hard for a range of provisions that […]

U.S. Stocks Snap Selling Spree to Close Higher in Volatile Trading…

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The U.S. stock market halted its death spiral to close higher Tuesday after a wild day of trading that saw the Dow ricocheting more than 1,000 points, underscoring a new regime of volatility on Wall Street. The turnaround, which follows on the heels of the blue-chip index’s worst one-day point decline on Monday, helped to […]

The Decline and Fall of General Electric, the Poster Child of Obamanomics…

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Sometimes we look back a decade or so and reconsider our word choice. For instance, I used to call General Electric — with its heavy lobbying, its intimate ties to the White House, all its bets on green energy, on embryonic stem cells, on Obamacare, on industrial policy — the “for-profit arm of the Obama […]

Trump Transition Team Emails: Here’s Why Washington Insiders Are Freaking Out…

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On Saturday, the news broke that Kory Langhofer, counsel to Donald Trump’s transition team known as Trump for America, Inc. (TFA), had sent a 7-page letter to House and Senate Committees stating that Special Counsel Robert Mueller’s office had improperly received “tens of thousands of emails” from the General Services Administration (GSA), a Federal agency, […]

How to Wipe Out Puerto Rico’s Debt Without Hurting Bondholders by Ellen Brown…

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During his visit to hurricane-stricken Puerto Rico, President Donald Trump shocked the bond market when he told Geraldo Rivera of Fox News that he was going to wipe out the island’s bond debt. He said on October 3rd: You know they owe a lot of money to your friends on Wall Street. We’re gonna have […]

Wall Street Banks Sued Again for Conspiring to Control a Market…

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As summer draws to a close and the Wall Street titans enjoy the last of their lazy long weekends in the Hamptons, summering next door to the army of lawyers that keep them out of jail, it’s a curious time to be reading about a major new lawsuit that has the potential to shake Wall […]

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