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Teamsters, state treasurers call for changes at McKesson in wake of opioid crisis

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Labor union says drug distributors exist to safely distribute drugs, but McKesson failed to do so.
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Need to Know: Here’s why Amazon, Facebook and the gang are not going to take down this market

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The next few days will see a slew of big name tech darlings report. And Alphabet is down in premarket after worries about higher costs. But our call of the day says this market is bigger than these stocks. So chill.

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Mark Hulbert: What the solar eclipse on Aug. 21 will mean for stocks

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Might the solar eclipse coincide with the final bull-market top? Mark Hulbert investigates and finds some studies show stock markets are indeed affected by astronomical (if not astrological) phenomena.
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FA Center: Teaching people how to invest is one of the best marketing moves an adviser can make

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Educating people is the best way to build a thriving financial advisory business while serving the greater good.

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Market Snapshot: S&P 500 jumps to record on bullish earnings, but Alphabet weighs on Nasdaq

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U.S. stocks mostly rose on Tuesday, with the S&P 500 hitting an intraday record on the back of better-than-expected results from bellwether companies, the latest sign that equity valuations may be supported by activity on Wall Street.
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The UK’s 12 most shorted stocks revealed: Carillion tops the list, with several household names filling in the ranks – City A.M.

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City A.M.

The UK's 12 most shorted stocks revealed: Carillion tops the list, with several household names filling in the ranks
City A.M.
He added that the hedge funds had been focusing on a variety of issues including a declining order book and decreased revenue visibility. Added to this, there were fears that Carillion's balance sheet was becoming increasingly stretched due to a ...

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Post Brexit collapse in value of the pound helped boost nest egg of pro-Remain Guardian to over £1bn – Press Gazette

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Press Gazette

Post Brexit collapse in value of the pound helped boost nest egg of pro-Remain Guardian to over £1bn
Press Gazette
The pro-Remain Guardian was given a significant financial boost by a collapse in the value of the pound following the UK's vote to leave the European Union in June 2016. The value of Guardian Media ... In the 2015/2016 financial year the fund went down ...

and more »
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Acacia Mining bill that will take 180 years to pay rocks shares – Evening Standard

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Evening Standard

Acacia Mining bill that will take 180 years to pay rocks shares
Evening Standard
That translates into a major windfall for hedge fund Marshall Wace, the only short-seller with a bet against the shares of more than 0.5% of its share capital. Barrick Gold, which owns 44% of Acacia, which was formerly its African arm, agreed to lead ...

and more »
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Market Snapshot: S&P futures fight for direction, as Alphabet sets downbeat tone

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U.S. stock futures point to little change at the open, as investors wait for a raft of earnings reports from household names such as McDonalds, and as shares in Google parent Alphabet fall premarket after its own financial update.
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Outside the Box: Investing lessons from Edward Thorp, quant pioneer and card counter

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Ed Thorp reminds Tren Griffin of that other ultra-rational decision-maker, Charlie Munger.
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