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$LM said that industry headwinds impacted 4Q16 as it experienced the second quarter of long-term outflows following six straight quarters of inflows. Revenues fell $40MM from 3Q16 mainly due to lower average AUM and revenue yields, as well as lower performance fees which came in at $6MM driven by Brandywine, Martin Currie and Western.
Mr. Trump may introduce policies that could help dollar reach record highs, which could even drive Bitcoin more than $2,000 in the near future. Bitcoin adoption is increasing, and if emerging economies like China and Russia also accept Bitcoin as an alternative to dollar, Bitcoin will see this rise soon.
Seems like $AMD has hit the right wind. Its stock was up almost 9% to $9.45 on Tuesday following reports that it signed a licensing deal with Intel.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.