News 

SOURCES: Announcement Thursday…

“21st Century Fox and Disney are on a “glide path” for a Thursday deal announcement, sources familiar with the deal said” writes unknown author for cnbc.com. Disney became the sole suitor after Comcast dropped its bid for the majority of Fox assets on Monday.The enterprise value of the Fox assets in the Disney deal is seen as above $60 billion, sources said a week ago, but that exact amount is still not firm.A week ago, CNBC reported that Disney and the Rupert Murdoch-controlled media company were closing in on a…

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Crypto Markets News 

Regal Assets Launches Its Long-Awaited Crypto IRA to Service US Retirement Accounts

“Regal Assets is now one of the rare custodians in the US to offer all major digital currencies in a retirement account” writes unknown author for cryptocoinsnews.com. Regal Assets was started in 2009 and is known for helping individual investors allocate part of their existing or previous retirement accounts into alternative assets without incurring any taxes or penalties. Source: cryptocoinsnews.com Share This:

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Markets News Stocks 

AI is better at picking stocks than the stock market

“With just $2.5 million in assets, it could invest in micro capitalization stocks without having a pronounced impact on their share movements” writes Ryan Vlastelica for nypost.com. Like the AI fund, it enjoys a first-mover’s advantage, as it was the first ETF to offer exposure to a particular sector or theme, the medial marijuana industry in this case.The S&P 500 is up 1.8 percent over the same period, while the Russell 2000 index of small-cap stocks is up 2.1 percent. Source: nypost.com Share This:

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RBC: 21st Century Fox will keep going up as Disney acquisition talks simmer

“Combined, the RemainCo and Fox SpinCo assets would be worth about $37 per share, according to Cahall’s estimates, which is about 11.6% higher than the company’s current price of $33.15” writes Finanzen Net Gmbh for businessinsider.com. “Assuming that Fox bonds don’t travel, Fox could potentially spin off Fox News/Broadcast/FS1-2 etc. as ‘Fox SpinCo’ while leaving the rest of the assets and the debt for Disney to acquire,” Cahall predicts.Creating a spin-off company before selling to Disney could be a clean way for Disney and Fox executives to package the deal.The…

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21st Century Fox nears sale of assets to Disney

“Fox News, FOX Business, the Fox broadcast network and the Fox Sports 1 channel are not part of the sale. 21st Century Fox is the parent company of FOX Business and Fox News” reports foxbusiness.com. A deal between 21st Century Fox (FOXA) and Disney (DIS) is imminent, FOX Business has confirmed and may come as early as next week.After weeks of speculation, Disney has emerged as the lead media company to purchase select 21st Century Fox assets, including the film and television studio and the company’s stake in U.K. pay-tv provider…

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Disney deal to acquire Fox’s entertainment assets could come as early as next week: report

“Shares of Fox are up nearly 22% in the year to date, and Disney shares are up about 5%” writes Trey Williams for marketwatch.com. Shares of Disney were down close to 2% during intraday trade.DIS, -2.45% CNBC, citing sources familiar with the talks, reported a deal could come as early as next week, and that the value of Fox’s assets are seen as being more than $60 billion.Reports of potential deal talks between Disney and Fox came to light last month, and at the time some employees at Fox’s 20th…

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Crypto News 

SEC steps up scrutiny of digital coin sales with order to freeze ‘PlexCoin’ founders’ assets

“The agency said Monday it has obtained an emergency court order to freeze the assets of two individuals and a company to “halt a fast-moving Initial Coin Offering (ICO) fraud.”” writes unknown author for cnbc.com. The asset freeze is the latest SEC effort to increase its oversight of initial coin offerings, a hot fundraising trend that gained popularity over the summer.China also banned initial coin offerings in September.On Nov. 1, the commission also warned that celebrity endorsements of initial coin offerings may be illegal if the celebrities do not disclose…

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News 

Turkey to seize assets of gold trader testifying in US

“Turkish prosecutors have ordered the seizure of assets of a wealthy Turkish-Iranian businessman who is the star witness in the U.S. trial of a Turkish banker charged with violating sanctions against Iran” reports foxbusiness.com. Turkey’s official Anadolu Agency said late Friday that Istanbul prosecutors demanded the seizure of the assets of gold trader Reza Zarrab and 22 others as they investigate claims of “espionage for a foreign country” and an “attempt to smuggle assets.”. Halkbank executive Mehmet Hakan Atilla, jailed in the U.S., has pleaded not guilty to charges alleging…

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Federal prosecutors want to seize the Wu-Tang Clan album that Martin Shkreli paid $2 million for

“Federal prosecutors have reportedly asked a Brooklyn Federal Court judge that the former pharmaceutical executive Martin Shrekli turn over his one-of-a-kind Wu-Tang Clan album as part of an assets seizure” writes Finanzen Net Gmbh for businessinsider.com. According to CNNMoney, Shkreli’s prosecutors are seeking to seize $7.4 million in assets from Shkreli, who was convicted of securities fraud in August and later imprisoned. Source: businessinsider.com Share This:

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The Tax-Bill Provision That Would Cost Harvard Millions

“In 2016, the wealthiest colleges spent on average just 4 percent of their endowment income; the rest remained in investment portfolios” writes Alia Wong for theatlantic.com. If the endowment tax is enacted, many institutions will decide to draw what they owe to the feds from the pot of money that would otherwise be spent.But if Schneider were to have his way, revenue from the endowment tax would be earmarked for community colleges.The country’s budget deficits and colleges’ frugal handling of their assets are good cause for a tax on endowment…

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