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Investment firm $BLK reported a 4% decline in 2Q16 earnings due to slowdown in client activity backed by political and macroeconomic uncertainty, historically low yields and elevated market volatility. Net income fell to $789MM or $4.73 per share from $819MM or $4.84 per share. Revenue dropped 3% to $2.8Bil. Adjusted EPS fell by 4%.
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.
$TSLA opening a showroom in Michigan. A bold move !!