The Traderszone Network

Two brokers claim they were cut out of nearly $4 million in commissions when SMI USA purchased Thor Equities’ 520 Fifth Avenue alongside Ceruzzi Properties two years ago. Ajaypal Saran and Ayesha Khan, both brokers registered in New York, are suing SMI for allegedly tricking them into providing information on the property without signing a broker agreement, according to a lawsuit filed in state Supreme Court on Monday. The brokers claim they introduced the property … [more]

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Up $0.43 or +0.82%
WTI crude oil futures are settling at $53.18 for the day. That is up $0.48 or +0.82%
The high for the day reached $53.56. The low reached $52.67.

Image source: Motley Fool. 

2016 was an ugly year for Chipotle Mexican Grill, Inc. (NYSE: CMG) and its shareholders. Not only did the stock lose 21% of its value, but the company’s attempt to bounce back from 2015’s food safety crisis gained little traction. In the 12 months following the worst of the E. coli outbreak, comparable sales fell more than 20%, a slide that’s unprecedented in the restaurant industry.

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Days after the Apple chip supplier saw its stock rise 15%, analysts and crowd ratings reverse.

eCommerce giant Alibaba Group Holding found continued strength in spending by Chinese consumers helped lift fiscal third-quarter results.

Revenues were up 54 percent in the period to 53 billion yuan, compared to the 50 billion yuan that had been expected by analysts’ consensus (translating into $7.8 billon U.S. dollar [USD]). Net income stood at roughly $1 USD, or 9.09 yuan, where the Street had been at 7.70 yuan.

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Morgan Stanley and Citi Smith Barney teamed up in 2009 to create Morgan Stanley Smith Barney LLC as a joint venture.

Dijsselbloem feeling threatened by May’s hint she could cut UK taxes to take on EU
In the aftermath of the Brexit vote, the EU dug in and hinted at punishing Britain with a tough trade deal. Britain hit back by threatening to compete with lower taxes.