Markets News Stocks 

A ‘tug-of-war’ is pulling the stock market in 2 distinct directions — and how investors combat it will determine whether they survive the next meltdown

“While global stocks have gained 11% this year, $46 billion has been pulled from equity funds, according to Bank of America Merrill Lynch” writes Akin Oyedele for businessinsider.com. This risk helps explain why some investors have stood on the sidelines of this rally, and even pulled money from equity funds.According to Alain Bokobza — Societe Generale’s head of global asset allocation and equity strategy — investors must posture for the ongoing “tug-of-war” between the bullish and bearish forces pulling on the stock market.Several investors have kept their enthusiasm tempered even…

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GBP News 

Why Hammond’s Brexit war chest is smaller than it looks

“A tantalising glimpse of a golden future is on offer, if MPs play their cards right” writes Tim Wallace for telegraph.co.uk. Easy cash is within their grasp, just waiting to be unlocked.Philip Hammond dangled the prospect of £26.6bn before their eyes, telling Parliament that if they behave themselves and back a Brexit deal the taps can be turned on.The ‘end of austerity’ can turn from simply an end to restraint into a new age of cash for all. “If we leave the EU with a deal and an orderly transition…

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News 

Details of Le’Veon Bell contract with Jets reveal he made mistake sitting out 2018 season

“The deal includes an $8 million signing bonus as part of the $25 million guaranteed right now” writes Manish Mehta for nydailynews.com. Bell will earn $14.5 million in cash in 2019 and $26 million in cash through the first two years.That’s the fully guaranteed portion of the deal.In essence, it’s a two-year, $26 million deal. Source: nydailynews.com

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News Stocks 

What General Electric investors want from CEO on Thursday

“Culp has a chance to attract more investors by providing greater clarity on GE’s strategy when he and other GE leaders lay out their 2019 financial forecast on Thursday” writes Midwest Communications Inc for 95kqds.com. GE’s power unit has cut 12,000 jobs and 30 percent of facility space but plans to spend more on restructuring this year, he added.NEW YORK (Reuters) – Portfolio manager Michael Kon began buying General Electric Co shares about a year ago and got more last fall after GE Chief Executive Larry Culp outlined plans to…

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Crypto News 

$20M Cash Airdrop and a Free Tesla by Justin Sun

“What do you think of the planned $20M cash airdrop by Justin Sun?” reports mybitcoinnews.co. Justin Sun, the founder of TRON (TRX), has tweeted that he is “planning” to do a $20M free cash airdrop.All users have to do to apply is to follow Justin Sun on Twitter and retweet the announcement tweet. “To celebrate BTT & USDT-TRON success, I am planning a $20M free cash airdrop. Source: mybitcoinnews.co

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News 

This city just banned cashless stores. Good.

“But on Feb. 27, Philadelphia mayor Jim Kenney signed into law a bill requiring that stores accept cash” writes Jack Morse for mashable.com. The bill, which takes effect July 1, represents the first time a major U.S. city has codified into law the requirement for most businesses to accept cash.But back to the more tangible idea of cashless societies discriminating against the poor. Source: mashable.com

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News 

Applied Materials raises quarterly cash dividend to 21 cents a share from 20 cents

“AMAT, -1.31% said Friday it’s raising its quarterly cash dividend to 21 cents from 20 cents a share” writes Ciara Linnane for marketwatch.com. The new dividend will be payable June 13 to shareholders of record as of May 23.Shares fell 1.3% in premarket trade, and are down 36.7% in the last 12 months, while the S&P 500 SPX, -0.81% has gained 0.4%. Source: marketwatch.com

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News Stocks 

GE’s stock tumbles again after downbeat cash flow outlook and analyst call

“GE, -3.44% tumbled 6.8% in premarket trade Wednesday, to extend the previous session’s 4.7% selloff following a downbeat cash flow outlook for the year” writes Reporter Editor for marketwatch.com. He reiterated his neutral rating and stock price target of $6, which is 39% below Tuesday’s closing price, but Tusa said is starting to look “generous.”. The stock has plunged 29.7% over the past 12 months, while the Dow Jones Industrial Average DJIA, -0.04% has gained 3.7%.CFRA analyst Jim Corridore said while he’s not surprised by the negative cash flow outlook…

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