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The Indian government said that over 100 international and national e-commerce websites, including Amazon.com, Inc , eBay Inc and Alibaba Group Holding Ltd , are involved in selling rare animals and wildlife products. India’s Wildlife Crime Control Bureau (WCCB) collected a list of 106 online portals, being used for the illegal trade. The alleged shopping portals are either…
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Direxion Shares Exchange Traded Fund Trust lost its footing today and the ETF is ending this week on a highly pessimistic note because of the gloomy outlook for gold. As at 1:19PM EDT, the ETF has lost 2.13% to $86.99 after it had earlier touched a session low of $82.28. Gold is being mauled in…
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Direxion Shares Exchange Traded Fund Trust is back to winning ways after starting this week on a worrisome note because of weakness in global gold prices. As at 11:33AM EST, the ETF was up 3.44% $92.03 after it had touched an intraday high of $94.09. However, the gains in the yellow metal today can be…
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Direxion Shares Exchange Traded Fund Trust is having it rough in today’s session after a profit-taking induced selloff sent gold prices lower. As at 11:14AM, the ETF was down 6.02% to $59.75 in sharp contrast to the gains that it recorded in yesterday’s session. On Monday, I noted that the ETF is suffering from the…
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It is unlikely that the Syrian civil war will be ending anytime soon. However, in recent weeks, there has been a surge in diplomatic efforts to end the conflict, with major international and regional players working together, to find common ground and start a political process. Furthermore, towards the end of September 2015, the Russian…
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KaloBios Pharmaceuticals Inc shot up close by almost 50% in Friday pre-market trading. CEO Martin Shkreli said on Twitter that he would not lend any more of his stock to short sellers. Popular blogger The Fly cited Markit data to indicate that 49% of KaloBios stock is being held in short positions. This means that…
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SPDR Gold Trust (ETF) buyers are in a risky situation. Those that have been holding onto shares in the ETF have lost more than 7 percent since the start of the year. “Store of value” may no longer be the best way to think about gold and nothing scares gold bugs more than whispers of…
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Apple Inc. (NASDAQ: AAPL) has had its fair share of problems breaking into the music streaming market in recent years, but the biggest challenges may yet be ahead. According to a report from Bloomberg published early on Wednesday, the Federal Trade Commission is investigating the company’s business for antitrust violations. The FTC is apparently trying…
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Tesla Motors Inc (NASDAQ: TSLA) biggest enigma is how to scale the business having already faced some strings of hurdles in the sale of already manufactured cars. The fact that its products are not as disruptive as they ought to be, further raises concerns whether the company will be successful in scaling the business, going…
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Stock seekers who wade outside the land of indexed equity into individual stocks typically start with a gravitation towards large-cap, household name dividend stocks.
