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The Capitalist Newsletter – May 24, 2017

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MONTHS AFTER VW’S EMISSIONS SCANDAL, FIAT CHRYSLER SUED BY U.S. GOVERNMENT OVER EXCESS EMISSIONS

As U.S. automakers struggle with diminishing demand and a glut of vehicles, revenues and profits continue to drop, resulting in casualties such as Ford’s release of CEO Mark Fields this past week. So it makes sense that Fiat Chrysler would look for advantages wherever it can. However, just months after Volkswagen’s emissions scandal wrapped up with a $4 billion fine, Chrysler is following in VW’s footsteps and coming under fire for the exact same thing. Just how bad is it going to get for Chrysler?

Read The Capitalist’s Take Here

Read More at the Washington Post Here

Read More at Reuters Here


BELIEVING ANOTHER ATTACK IMMINENT, UK RAISES THREAT LEVEL FROM “SEVERE” TO “CRITICAL”

British Prime Minister Theresa May announced Tuesday that the country’s terror threat level has been raised to its highest level based on evidence gathered during the investigation of the deadly attack at a Manchester Ariana Grande concert, signifying that another attack may be imminent. “The threat level should be increased, for the time being, from severe to critical,” May said, adding the assessment is “a further attack may be imminent.” Raising the country’s threat level means that armed military personnel will replace police officers at some public events, such as sports matches, according to May.

Read More at Fox News Here

Read More at CNN Here

Read More at ABC Here

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UBER SHORTCHANGED NEW YORK CITY DRIVERS FOR MORE THAN TWO YEARS

Uber has come out and said that it accidentally underpaid drivers in New York City over the past two and a half years, The Wall Street Journal reports. On Friday, Uber announced a nationwide change to how drivers see their earnings. While going through that process, the company realized it had been underpaying drivers in New York, TechCrunch has learned. Here’s what happened. Uber was…

Read More at TechCrunch Here

Read More at Reuters Here

Read More at Quartz Here


Closing Bell

– Tuesday, May 23rd

Markets Close UP as Financials Thrive

Big Insider Trades

– Netflix, Inc. (NFLX) CEO Reed Hastings Sells $16m

– Sally Beauty Holdings, Inc. (SBH) CEO Christian Brickman Buys $180k

Winners & Losers

– Helios and Matheson Analytics, Inc. (HMNY) Soars UP (55.51%) After Acquiring License to Facial Recognition Technology from Israeli Biometrics Tech Company

– Cerus Corp. (CERS) Tanks DOWN (25.00%) After Updating Investors of an Upcoming Supply Shortage of a Platelet Additive Solution

Most Talked About

Helios and Matheson Analytics, Inc. (HMNY) Considered a Near Unanimous Strong Buy After Acquiring License to Facial Recognition Technology from Israeli Biometrics Tech Company

The TIP Sheets

– Tuesday, May 23rd

– Fiat Chrysler Automobiles N.V. (FCAU) Slips DOWN (4.09%) After U.S. Government Sues the Automaker Over Emissions Cheating. Expect Shares to Continue DOWN

Unusual Volume

Nokia Corp. (NOK) Ticks UP (5.31%) on 40m Shares Traded After Company Settling Lawsuit with Apple and Licensing its IP to Apple. Expect Shares to Continue UP

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