By Staff Reporters
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An ETF centered around the bullish stock picks of CNBC’s Jim Cramer is shutting down.The Long Cramer Tracker ETF was launched in February and attracted just $1.3 million in assets.
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Charles Schwab intends to cut jobs and downsize its corporate office space, looking to save upwards of $500 million annually. Investors are underwhelmed, sending Schwab shares down about 3% yesterday.
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British antitrust officials said they were reviewing a revised offer by Microsoft to win approval of its $69 billion merger with Activision Blizzard, an effort to clear the biggest remaining regulatory hurdle to the major video games deal. To address the concerns of British regulators that the deal would stunt the development of a new area of gaming technology, Microsoft said it would transfer the cloud streaming licensing rights for all current and new Activision Blizzard games to Ubisoft Entertainment, a rival game publisher.
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Here is where the major benchmarks ended:
- The S&P 500® Index (SPX) fell 12 points (0.28%) to 4,387.55; the Dow Jones Industrial Average (DJIA) fell 175 points (0.51%) to 34,288.83; the NASDAQ Composite rose 8 points (0.06%) to 13,505.87.
- The 10-year Treasury note yield (TNX) edged down to 4.332%.
- CBOE’s Volatility Index (VIX) fell 0.1 points to 17.04.
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Funding Basics, Investing | Tagged: ActivisionBlizzard, CBOE, DJIA, DOW, Long Cramer Tracker ETF, microsoft, MSFT, NSDAQ, S&P 500, Schwab, SPX, stock markets, TNX, UbiSoft, Vox | Leave a comment »