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Nasdaq accuses IEX of copying expensive trading technology

Nasdaq is suing its relatively new exchange rival IEX Group, claiming it infringed on several patents for electronic trading technology that took millions of dollars to develop. In a lawsuit filed Thursday in New Jersey federal court, Nasdaq says IEX, also known as the Investor's Exchange, employs several former Nasdaq workers who were familiar with…

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‘The president is proposing a massive tax increase’: Conservatives tee off on Trump for tariff move

Sen. Ben Sasse, R-Neb., said "the president is proposing a massive tax increase on American families." In a statement, Sasse said he would not expect the policy from a "supposedly Republican" administration. Sen. Orrin Hatch, R-Utah, in a statement called the tariffs "a tax hike the American people don't need and can't afford." Hatch, who…

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More than half of the S&P is in correction territory. Here are names to buy on the dip

Markets tumbled on Thursday following President Trump's trade tariff announcement earlier in the session. The S&P 500, Dow Jones industrial average and Nasdaq composite all logged losses of nearly 2 percent each. As more than half of S&P stocks sit in correction territory from losses incurred last month, some market participants are recommending bargain buys…

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