Straight Path Communications Buyout Blindsides Short Sellers

Shares of Straight Path Communications Inc STRP 2.02% were seen skyrocketing more than 150 percent Monday morning after AT&T Inc. T 0.7% announced a $1.6 billion all-stock buyout of the communications company. The buyout price of $95.63 is an incredible premium to where Straight Path was trading just three years ago. Straight Path spent most…

Where Could All The Retail Employees Go?

The U.S. Department of Labor reported that the U.S. economy lost 61,000 retail jobs in the past two months. Fortunately for all the displaced retail sales employees, the economy as a whole is performing exceptionally well at the moment. The overall unemployment rate is down to just 4.5 percent, its lowest level in a decade.

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Oil Investors Nervous About Syria Strike Fallout

U.S. oil prices rose to their highest levels in a month Friday following a U.S. missile strike on a Syrian airbase. Oil exchange-traded funds such as the United States Oil Fund LP (ticker: USO) and the United States Brent Oil Fund LP (BNO) were also higher on Friday after WTI crude prices pushed above $52…