Evan Vucci / AP, NurPhoto via Getty Images The stock market has a strong track record of predicting the winner of the United States presidential election, according to LPL Financial. Since 1984, the S&P 500 has correctly predicted the outcome of each presidential election based on its price movements in …
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Drew Angerer / Getty Images Facebook shares fell about 1% on Monday as more advertisers boycotted its platform. The drop followed an 8.3% drop on Friday amid the first round of withdrawn advertising. The two-day decline in shares has resulted in approximately $ 60 billion in market value being erased …
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Flickr / JD Lasica Venture capitalist billionaire Chamath Palihapitiya is modeling his Social Capital firm at Warren Buffett’s company. “My ambition is to be the Berkshire Hathaway of our generation,” said the president of Virgin Galactic in a recent Fortune interview. Palihapitiya hopes to make the Capital Stock public and …
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Welcome to FTW Explains: A guide to catch up and better understand the things that happen in the world. You may have noticed people online talking about Under Armor and UCLA on Saturday because the sportswear company is trying to pull out of its massive clothing deal with the Bruins. …
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REUTERS / Danny Moloshok Bank stocks fell on Friday after the Federal Reserve capped dividends and banned stock buybacks until at least the end of the third quarter. Goldman Sachs and Wells Fargo fell more than 5%, while Bank of America, JPMorgan and Citibank fell between 3.9% and 4.4%. The …
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