Monday, June 20, 2016
#USA - Stocks Surge on 'Brexit' Votes Shifting in Favor of Remaining in Union - TheStreet
Published on 20 Jun 2016
Stocks are in rally mode as opinion polls shift toward remaining in the European Union. British residents head to the polls Thursday to vote on whether to stay or not to stay in the E.U. A big move in the polls happened in the weekend with unity in Europe, gaining traction, however the polls are still very close. Facebook (FB) is holding its annual shareholder meeting today and the biggest news may involve one of its board members. Peter Thiel, generated a barrage of headlines over his secret funding of a lawsuit against Gawker media. Thiel bankrolled the Hulk Hogan suit against the provocative online media group and it was revealed after the verdict was reached. The board of Facebook has also engineered a structure that puts founder and CEO Mark Zuckerberg on control of its destiny. The switch from American Express (AXP) to Visa (V) for Costco (COST) membership credit cards goes live today. Shoppers can use Visa to pay for items as well as cash or check. Last year, the retail giant signed an exclusive agreement with Citigroup to provide Costco-branded Visa credit cards for Customers, ending its 16 year relationship with American Express.