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Anglo American dividend cut bucks the trend for rewarding shareholders

“Anglo American has defended a small cut to its dividend, in contrast to rival miners, telling shareholders there will be more rewards to come” writes Jon Yeomans for telegraph.co.uk. The FTSE 100 giant trimmed its full-year dividend to 1 US cent a share despite reporting a rise in profits.Anglo chose to buck the trend of its peers, which have been showering shareholders in cash payouts and share buybacks to make up for several years of dividend cuts.Chief executive Mark Cutifani said that if market conditions were “favourable” the mining giant was “open…

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American Eagle launched a new clothing rental service, and it’s just the latest sign that fast fashion as we know it is dying

“They continued: “This is a fundamental evolution in consumer behavior and we expect it will have an impact in the fashion business in the years ahead.”” writes Mary Hanbury for businessinsider.com. Companies such as Rent the Runway, which allows customers to rent designer pieces one-off or sign up for a monthly subscription service, are paving the way in the rental market, and mainstream brands are increasingly joining in. Source: businessinsider.com

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Japanese internment was wrong. Why do some of our leaders still try to justify it?

“Despite the passage of time, there continues to exist a misinformed perspective on this order and its ramifications” writes Mitchell T for latimes.com. Too often, including in the letters pages of the Los Angeles Times, some still contend that the imprisonment of Japanese American citizens and legal residents without due process has some legal, rational or moral standing. Source: latimes.com

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Sen. Ron Wyden, D-Ore., called on the White House Tuesday to release a confidential internal report on the potential need for auto and auto parts tariffs.

“Ron Wyden, D-Ore., called on the White House Tuesday to release a confidential internal report on the potential need for auto and auto parts tariffs” reports washingtonexaminer.com. Trump has interpreted that authority broadly to justify imposing tariffs on steel and aluminum imports and has threatened to impose a 25 percent tariff on auto and auto parts imports. “Decreased sales will mean fewer American jobs with wide-ranging effects across our economy that could prove catastrophic.”. The Commerce Department delivered the report to the White House Sunday, but the administration has indicated…

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News Stocks 

How trillion-dollar stock-market index funds are vulnerable to manipulation that ‘could harm American investors’

“A recent op-ed in the New York Times cautions that passive index funds may be vulnerable to bias and, possibly manipulation, as interest in those funds has ballooned over the past decade” writes Mark Decambre for marketwatch.com. Dangers may lurk in index funds, a popular area of the stock-market known for its recent and consistent record of outperformance against actively managed funds, according to experts. Nearly $6.7 trillion, or a third of those assets resided in passive funds at that time, the data provider said.Such passive ETFs track an index…

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Payless ShoeSource files for bankruptcy as expected, liquidating 2,500 North American stores

“It is likely to be the largest retailer liquidation by number of stores to date, the Wall Street Journal reported” writes Rachel Koning Beals for marketwatch.com. The filing comes less than two years after the retailer’s previous restructuring, when it shut approximately 500 locations.Payless ShoeSource Inc. filed for chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Missouri, the Topeka, Kan.-based discount footwear retailer said in a statement late Monday. Source: marketwatch.com

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Anglo American Platinum earnings leap

“Anglo American Platinum said it has increased its dividend payout ratio to 40% of headline earnings from 30% previously” writes Adam Clark for marketwatch.com. Anglo American Platinum Ltd. (AMS.JO) said Monday that its earnings almost doubled in 2018 and it hiked its dividend, after benefiting from increased production and rising platinum-group metal prices.The mining company, which is majority owned by Anglo American PLC (AAL.LN), said its headline earnings per share came to 28.93 rand ($2.05), up 95% from the prior year.Headline earnings rose to ZAR7.59 billion from ZAR3.89 billion. Source: marketwatch.com

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Rush Limbaugh backs Trump on wall declaration: ‘Culture’ at risk from ‘parade of illegal people who are uneducated’

“After Democrats balked at providing $5.7 billion for a wall, Trump broke two months of political gridlock Friday by declaring a national emergency to redirect military funds without Congress” reports washingtonexaminer.com. During the interview, Limbaugh brushed off suggestions that he helped steer Trump toward a harder line on the wall funds, including in December when Trump abruptly said he would not sign a funding bill without wall funds, triggering a 35-day government shutdown.”Why does nobody talk about the fact that millions and millions and millions of people are breaking the…

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