• ‘Wolf of Wall Street' Jordan Belfort Isn't Paying Debts, Prosecutors Say

    7 days ago - By Fortune

    Jordan Belfort, the “Wolf of Wall Street,” isn't just a con, but also a deadbeat, prosecutors say, and they want him to pay up.
    For those who've forgotten, Belfort operated a penny-stock boiler room on New York's Long Island called Stratton Oakmont Inc. His brash behavior was glorified on screen by Leonardo DiCaprio in the movie based on Belfort's memoir. The 2013 film made about $100 million and helped start Belfort's second career as a motivational speaker.
    At his sentencing in 2003, Belfort was ordered to pay $110.4 million in restitution and other penalties, but the government says he...
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  • Wall St. gains on Macy's boost, Russell 2000 hits record

    7 days ago - By Reuters

    Wall Street rose on Wednesday, with the small cap Russell 2000 index hitting a record, as Macy's strong results lit up the retail sector and Micron led gains in the technology sector. Macy's shares surged 10.5 percent, hitting a 52-week high, after the department store operator reported strong results and raised its profit forecast.
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  • US stocks veer higher in midday trade; oil slides

    7 days ago - By Chron

    U.S. indexes rose in afternoon trading Wednesday, led by gains in big technology names, health care companies and retailers. Macy's led a rally among retailers after reporting surprisingly strong results. Consumer goods companies also posted gains. Safe-play stocks like utilities and real estate companies lagged the market. Energy stocks also fell as crude oil prices declined.
    KEEPING SCORE: The S&P 500 index rose 14 points, or 0.6 percent, to 2,726 as of 12:45 p.m. Eastern Time. The Dow gained 79 points, or 0.3 percent, to 24,785. The Nasdaq composite added 57 points, or 0.8 percent, to...
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  • S&P, Nasdaq climb on retail, chip gains

    7 days ago - By Reuters

    Wall Street edged higher on Wednesday, helped by gains in retail and chip stocks, while investors weighed the impact of rising bond yields.
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  • Wall Street edges higher as retail stocks gain

    7 days ago - By Reuters

    Wall Street edged higher on Wednesday as Macy's strong results helped drive gains in retails stocks and more than offset losses in energy shares.
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