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T-Mobile to Pay a $40M Settlement
T-Mobile Inc. agreed on Monday to pay $40 million to the U.S. Treasury. This is to resolve the government claims that the company failed to fix problems of connecting calls in rural places and using false ring tones, according to the Federal Communications Commission (FCC). The company, which is a unit of Deutsche Telekom AG, agreed to the changes and acknowledged that they used false ring tones on hundreds of millions of long-distance rural calls and violating the rules of FCC. Meanwhile, Mignon Clyburn, the Democratic FCC Commissioner, stated that T-Mobile’s “massively deceptive and harmful violations” of the rules likely impacted “billions of telephone calls to rural areas over the past several years.” Read more about it on FSMSmart.
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Oil Prices Surge Amid Possible Supply Disruptions
Oil prices surged on Tuesday as worries of disruptions to supply arose. Traders believe that the disruptions have a high possibility of happening, most especially in the Middle East. Brent Oil Futures for June delivery was up at $71.80 per barrel, adding 38 cents or 53 percent at 0317 ET (0717 GMT). Crude Oil West Texas Intermediate (WTI) Futures for May delivery traded at $66.69 per barrel, adding 44 cents or 66 percent from their last close. Read more about it on FSMSmart.
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Apple Inc. Warns its Employees about Leaking Information
Apple Inc. has warned its employees to stop leaking internal information of the company’s future plans. It also raised the specter of possible legal action and criminal charges, which is one of the most-aggressive moves of Apple to control information about its activities.
According to the lengthy memo of the Cupertino, California-based company, Apple has “caught 29 leakers,” in 2017 and highlighted that 12 of those were arrested.
“These people not only lose their jobs, they can face extreme difficulty finding employment elsewhere,” stated the company.
Read more about it on FSMSmart.
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Johnson & Johnson Set to Pay $117M for Settlement
Johnson & Johnson, along with its supplier Imerys Talc America, must pay additional $80 million to two plaintiffs, Stephen Lanzo and his wife, as was announced by jury on Wednesday. The Lanzo couple claimed that the iconic Johnson’s Baby Powder brand contained asbestos which caused Stephen Lanzo’s cancer. Johnson & Johnson won the first asbestos-related talc case faced by the company.
The family was previously awarded $37 million; having the additional payment will ramp up the settlement to $117 million.
On Thursday, a New Jersey state court jury said that Lanzo claims that he developed cancer due to being exposed to asbestos in talc-based products including Johnson’s Baby Powder since his birth in 1972. Read more about it on FSMSmart.
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Fundamental Analysis: Intrinsic Value and Market Value
The ultimate goal of fundamental analysis is to find an asset’s intrinsic value. Investors analyze a stock’s intrinsic value along with its current market value to determine what to do with that stock.
However, not everybody is familiar with fundamental analysis. And some of them are already doing some fundamental analysis without them knowing it. Some choose technical analysis.
What it Intrinsic Value?
When we say intrinsic value, we are simply referring to a company’s stocks’ actual value.To find the intrinsic value of a stock or a business, you have to consider all the aspects of the industry under which it belongs. And those aspects include both tangible and intangible factors that may directly and indirectly a business.
Read more about it on FSMSmart.
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Fundamental Analysis: Intrinsic Value and other Basics
We can say that fundamental analysis is the polar opposite of technical analysis. Where technical analysts use indicators and technical charts, fundamental analysts use micro- and macro-economic factors. Fundamental analysts typically find a stock’s intrinsic value. They also use different quantitative and qualitative factors. Most of the time, fundamental analysis applies to the stock market, but you can also use it for other securities such as currencies, derivatives, or bonds. Let’s break fundamental analysis and see if this one’s the best investing approach fit for you. Read more about it on FSMSmart.
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Volkswagen Names Herbert Diess as its New CEO
Volkswagen, a German automaker, announced on Thursday that the company’s board has ousted Mattias Müller, CEO of Volkswagen. Müller will be replaced by the Volkswagen brand Chief Herbert Diess as the new CEO of the automaker company. Diess joined the company in July 2015, after previously working at BMW. Last Tuesday, Volkswagen stated that it was considering replacing Müller. The move is seen as the company effort to make a break with the diesel emission scandals that rocked the automaker and led to large penalties. Read more about it on FSMSmart.
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JP Morgan CEO Notes That U.S. Economy is Still “Pretty Good”
JPMorgan Chase & Co.’s Chief Executive Officer, Jamie Dimon, noted on Wednesday that the economy of the United States is still looking “pretty good.” He added that no existing law can hinder the economy’s growth. Dimon then retracted some optimism from his statement when he said that there will be a downturn at some point; speaking at the John F. Kennedy Jr. Forum at Harvard University. When he was asked to assess the possibility of a recession occurring in the U.S. economy, Dimon was quick to respond that a recession will certainly happen. When it will happen is something that he couldn’t yet answer. “I think it should be OK through 2018 and part of 2019,” Dimon said before adding that the economy is looking “pretty good.” Read more about it on FSMSmart.
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GM, Tesla Shares Surge After Xi Announces Plans To Lower Tarrifs
Shares of U.S. automakers were up following the Chinese President Xi Jinping’s announcement of plans to open the economy to other countries. Tesla shares added 5.2 percent while Fiat Chrysler was up by 2 percent. Ford Motor increased by 1.8 percent and General Motors climbed 3.3 percent. China has been proven itself to be a key market for U.S. automakers. European automakers were also affected by the plans which can be seen with BMW’s added 3 percent. GM reported that it was able to sell more than 4 million cars in China last year, which was a first for the carmaker. Tesla, on the other hand, was able to double its revenue from China to $2 billion in 2017. Learn more about it on FSMSmart.
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Crude Oil Prices Decline on Increasing U.S. Supplies
The oil prices fell on Wednesday, from 2014 highs reached the last session as mounting Middle East tensions were offset by growing inventories and production in the U.S.
Brent crude futures tumbled $70.80 per barrel, it went down 23 cents, or 0.3 percent, from their previous close. Brent, however, increased more than 3 percent on Tuesday hitting its highest levels since 2014, at $71.34 a barrel.
U.S. WTI crude futures were at $65.40 a barrel, it fell 11 cents or 0.2 percent from their previous settlement.
Read more about it on FSMSmart.
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Markowitz’s Modern Portfolio Theory Explained: What is MPT?
Markowitz’s Modern Portfolio Theory, just like the efficient market hypothesis, is a tough nut to crack for new investors. It’s not an absolute enigma—that’s exaggeration—but it’s also not an easy concept to fully absorb.
A Quick Trip Down Memory Lane In the year 1952, some dude named Harry Markowitz came up with an idea to write an essay. And the essay was about the Modern Portfolio Theory. This essay made Markowitz famous. It let him win a Nobel Prize in economics.
Markowitz’s model, however, also received many criticisms. We’ll tackle that later on. For now, let’s break down the key concepts of the MPT. Read more about it on FSMSmart.
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NTSB Chair Robert Sumwalt and Elon Musk Discuss Fatal Autopilot Accident
Robert Sumwalt, Chairperson of National Transportation Safety Board, and Elon Musk, Chief Executive of Tesla, had a “constructive conversation” on the investigation of the agency about the fatal crash involving a Tesla car that was operating in semi-autonomous Autopilot mode, according to the agency. Last week, the NTSB had stated that it was “unhappy” that Tesla had made public information about the crash of a Model X vehicle that killed the driver. According to Peter Knudson, spokesman of the agency, NTSB Chairperson “had what he described as a very constructive conversation with Mr. Musk over the weekend.” Read more about it on FSMSmart.
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Pros and Cons of Having Forex Trading as a Career in 2018
Having a solid forex trading career is something you need to work hard on. There are different factors that can help you decide on whether it’s a career that you should pursue or not. Here are some of the pros and cons that you should consider when taking on a forex trading career. Pros of Having a Forex Trading Career You can begin trading easily. There are numerous offers of free training online. You can easily learn what you need to begin trading in the forex market and building your forex trading career. Learning to trade is a considerably straightforward business. There’s a plethora of historical data you can try and use to lessen risk. There are also plenty of brokerages online which offers demo accounts; with these accounts, you’ll be able to try trading for free before actually beginning to risk your own money. Read more about it on FSMSmart.
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Asian Shares Close Higher on Xi Jinping Economic Plans
On Tuesday, Asian shares were seen to trade lower during the trading session mostly pressured by the decline in Wall Street shares during the earlier session on news of the office of U.S. President Donald Trump’s lawyer being raided by the FBI which may heightens market concerns regarding the U.S. economy which has also suffered from the current tension between the United States and China. Despite trading lower, Asian shares recovered at the end of Tuesday’s trading session following an announcement from China’s President Xi Jinping regarding plans or measures in able to open up the economy of China further. Xi mentioned this during his speech at the Boao Forum for Asia which included pointers on tariffs being placed on automobile imports as well as other products. Xi also mentioned the enforcement of legal intellectual property on foreign firms. Read more about it on FSMSmart.
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Dollar Rises Against Yen After Xi Speech
The dollar gained momentum against the yen on Tuesday, supported by improved broader risk appetite following Chinese President Xi Jinping’s speech, wherein he promised to cut import tariffs. This lessened concerns that a trade war is about to ensue between the world’s two largest economies. The dollar rose by 0.3 percent at 107.130 yen after climbing to as high as 107.245. During the past two sessions, the greenback had fallen as Chinese and U.S. policymakers express different outlooks which have kept the markets wary. Yen is often sought out during times of market turmoil and political tensions. As the risk sentiment continues to shift, the Australian dollar has risen by0.5 percent at $0.7737. The Aussie is known to have increased sensitivity when it comes to shifts in the risk sentiment.
Read more about it on FSMSmart.
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Boeing Recovers From Trade War Threats
Despite Boeing’s positive earnings and the upbeat overall outlook for its performance this year, threats of a possible trade war caused by tariffs being imposed on imports between the United States and China has slightly pushed shares of the aircraft company during a number of trading sessions last week.
More than two weeks ago, Boeing shares also slipped by around 5% as the markets raised its concerns on U.S. President Donald Trump’s plans of imposing heavy tariffs on aluminum and steel imports on top of $50 billion worth of tariffs placed on Chinese imports. During the same time, Boeing shares has also recorded a decline of more than 9% over the month also due to market fears of a trade war possibly having a negative effect on American company profits.
Last week, Boeing shares suffered after Beijing announced tariffs on more than a hundred American products that will affect mostly whiskey production companies and automobile makers. This announcement was in response to U.S. President Trump’s own tariffs imposed on Chinese imports.
Read more about it on FSMSmart.
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