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.
