Us Stocks Fall Amid Banking Concerns

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(Reuters) - Visa Inc's quarterly profit rose by 40 percent, and earth's largest payment processor said it would introduce a new fee structure for U.S. merchants.

Rising oil prices put weigh on consumer discretionary stocks which led the decliners in the course of. The dollar fell 6.4% to 83.61 Japanese yen. The dollar index also hit its lowest level in eight months. According to T & K Futures president Michael K. Smith, the dollar is lower and has been much money out there chasing the safe-havens of silver and gold.





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Well skip ahead 10 years and it seems the boys from LTCM have not learned their lesson regarding leverage. Gonna do it . boys now run JWM Partners LLC. Their biggest hedge fund is down 26% in 2008. JWM lost rather than one-fourth health of their investor's money, more than $300 several. What is ironic is that this group is comprised of some in the smartest the actual world investment world. Both Robert Merton and Myron Scholes, won the Nobel Prize for economic sciences while at LTCM. Computer algorithms were used while risk management and cash management negated.

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Comcast's (CMCSA_) NBCUniversal won the Oughout.S. broadcasting rights to your Olympic Games from 2014 to 2020, beating Fox and ESPN with a $4.38 billion bid.

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