Wall Street weighs split government after debate
Wall Street sees divided government as a hedge against extreme policies but a post debate note flags a slim chance Democrats could win the White House Senate and House. If realized, Hillary Clinton would push taxes and regulation while markets might react to potential 2017 tax hikes and tougher pharma, financials and oil policy.
MENTIONED IN THIS ARTICLE
Wall Street
White House
Senate
House
Hillary Clinton
Dan Clifton
Washington
Strategas Research Partners
Clifton
Pharma
Galaxy Note 7 halts production amid overheating reports
Apple shares rise to a 2016 high as Galaxy Note 7 production is halted after repeated battery fire concerns. Twitter faces investor doubt over a sale. Merck's Keytruda shows strong phase 3 results, boosting its stock while Bristol-Myers Squibb falls to a 2016 low.
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Apple Samsung
Apple
Merck
Bristol-Myers
SigFig reveals investor activity across half a million portfolios
SigFig tracks over 500000 investors nationwide with assets totaling about 200 billion. The data reflect five day and six month averages and show top holdings and activity, based on SigFig analysis.
MENTIONED IN THIS ARTICLE
America
SigFig
Trump Taj Mahal Closes After Years of Losses
The Trump Taj Mahal casino hotel on the Atlantic City boardwalk shut down after ongoing losses and failed union negotiations leaving 3,000 employees out of work. Owner Carl Icahn cited about 350 million dollars in losses over a few years and said continuing would cost over 100 million more next year. The Unite Here Local 54 union highlighted stagnant wage hikes and rising living costs for workers.
MENTIONED IN THIS ARTICLE
Atlantic City Boardwalk
Carl Icahn
Ment
Atlantic City
Icahn
Unite Here Local 54
Taj Mahal
Tony Rodio
Tropicana Entertainment Inc
Icahn Enterprises
Tropicana Entertainment
Revel
Atlantic Club
Trump Plaza Hotel
Trump Entertainment Resorts
Donald Trump
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