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USA stocks plunge further, Dow drops 830 points

USA stocks plunge further, Dow drops 830 points

The index was down 832 points, or 3 percent, at the end of trading Wednesday. Wall Street stocks plunged Wednesday, with major indices losing more than three percent in a selloff prompted by the s...

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Trump reluctant to slash weapons sales to Saudis

Trump reluctant to slash weapons sales to Saudis

Saudi officials have denied Kashoggi was killed within the consulate and say he left shortly after arriving to retrieve a document related to his upcoming wedding. The uniform nature of these report...

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Trump, Kudlow sing different tunes on the Fed amid market drop

Trump, Kudlow sing different tunes on the Fed amid market drop

But Trump loves to tout good economic news , and either dismisses bad economic news or blames it on the Fed. "I think the Fed has gone insane". But one unintended effect is that raising interest ...

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Khashoggi case: 'Everything points to' Saudi involvement, United States senator says

Khashoggi case: 'Everything points to' Saudi involvement, United States senator says

But in a statement Wednesday, White House Press Secretary Sarah Sanders said that National Security Advisor John Bolton and Trump advisor Jared Kushner spoke to Saudi Arabian Crown Prince Mohammed bin...

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International Monetary Fund cuts global economic growth target to 3.7%

International Monetary Fund cuts global economic growth target to 3.7%

As Washington and Beijing trade tariffs, economic growth is slowing for both countries and others. Among emerging market and developing economies, the growth prospects of many energy exporters hav...

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USA may grant waivers on Iran crude sanctions

USA may grant waivers on Iran crude sanctions

India imported around 10 million barrels of Iranian oil in October, with the November shipment expected to be around 1 million barrels less than this. And Saudi Arabia and OPEC and non-OPEC countrie...

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Dancing May upbeat about Brexit deal

Dancing May upbeat about Brexit deal

He said she was doing an excellent job in what was a near-impossible task. "If we all go off in different directions in pursuit of our own vision of the ideal Brexit , we risk ending up with no Br...

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Trump hails 'wonderful new trade deal' with Mexico and Canada

Trump hails 'wonderful new trade deal' with Mexico and Canada

But he noted that the agreement would need to be ratified by Congress, a step that could be affected by the outcome of the fall elections as Democrats seek to regain majorities in the House and Sena...

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Greenlight comment adds to Tesla losses from Musk mocking SEC

Greenlight comment adds to Tesla losses from Musk mocking SEC

Musk renamed the SEC in a tweet as the Shortseller Enrichment Commission . Venting out on Twitter is nothing new for Musk . "Granted it has only been three days, but it may have been sensib...

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Assam Govt slashes prices on petrol and diesel; reduces Value-Added Tax in state

Assam Govt slashes prices on petrol and diesel; reduces Value-Added Tax in state

That's aimed at checking a rise in retail prices which hit new highs every day as the Brent crude surged 28 percent his year. "Apart from tax reduction in oil companies, if we also include a cut in ot...

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Nigerian cargoes struggle for buyers as oil prices hit $84

Nigerian cargoes struggle for buyers as oil prices hit $84

West Texas Intermediate (WTI) crude CLc1 futures settled at $73.25 a barrel. Total volume traded was about 18 percent below the 100-day average. The 15-member Organisation of the Petroleum Exportin...

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Amazon just raised its minimum wage to $15 for all employees

Amazon just raised its minimum wage to $15 for all employees

The wage increase takes effect next month. It will climb to $13 in July 2019. Arizona: Minimum wage in Arizona jumped by $3.60 in the past decade, from $6.90 to $10.50 an hour. The move follows...

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Elon Musk reaches deal with United States regulators

Elon Musk reaches deal with United States regulators

USA securities regulators settled a lawsuit against Musk alleging that he made false and misleading statements about plans to take the company private in August. In its statement releasing the pro...

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Facebook Could Face $1.63 Billion Fine Over Latest Hack Under GDPR

Facebook Could Face $1.63 Billion Fine Over Latest Hack Under GDPR

Facebook says it doesn't know who is behind the attacks or where they're based. This latest hack involved bugs in Facebook's " View As " feature, which lets people see how their profiles appear to oth...

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A Look at Larry Culp’s Career

A Look at Larry Culp’s Career

GE will need to take a goodwill impairment charge of almost all the $23 billion in its goodwill balance, according to the company. While noting that while Culp has work to do, "I wouldn't want to be...

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Boeing awarded $9.2B contract for Air Force T-X trainer aircraft

Boeing awarded $9.2B contract for Air Force T-X trainer aircraft

USAF has been training pilots in the Northrop T-38 for five decades, and while that venerable jet can still do the job (and the Air Force has plenty of experience with keeping planes in the air many...

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Elon Musk reportedly backed out of SEC deal at the last second

Shares in Tesla Inc dived 11% after USA regulators accused chief executive Elon Musk of fraud and sought to remove him from his role in charge of the electric vehicle company. Tesla had disclosed ...

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Oil eases, but Iran sanctions keep Brent above $80 a barrel

The WTI Crude Oil market rallied during trading on Tuesday, but it seems to be struggling with the idea of $73 a barrel. "It's good for peace and it's good for the shape of the global price of oil". ...

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Versace on verge of sale to Michael Kors

Versace on verge of sale to Michael Kors

Sources told the newspaper the official announcement from Milan would come Tuesday, when creative director Donatella Versace has scheduled a staff meeting, but that confirmation of the news could c...

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China says can’t hold U.S. trade talks with 'knife to the throat'

China says can’t hold U.S. trade talks with 'knife to the throat'

A new round of US imposed duties on $200 billion worth of Chinese goods, and a retaliatory set of tariffs imposed by Beijing on $60 billion worth of USA goods, took effect at 12:01 a.m. It's normal ...

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Instagram co-founders quit

Instagram co-founders quit

The co-founders of photo-sharing giant Instagram, Kevin Systrom and Mike Krieger, are both leaving the firm. While Systrom writes that they "remain excited for the future of Instagram and Facebook ...

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Gold miners Randgold and Barrick agree $18bn all-share merger

Gold miners Randgold and Barrick agree $18bn all-share merger

Randgold shareholders will hold the rest. The new company will keep the Barrick name and be listed in NY and Toronto, while Randgold's London listing will be cancelled. The deal marks the biggest ...

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Chennai Petroleum cancels Iran oil imports

Chennai Petroleum cancels Iran oil imports

President Donald Trump said on May 8 the U.S. would withdraw from the Iran nuclear deal and re-impose sanctions that have been frozen since January 2016 as part of the Joint Comprehensive Plan of ...

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European leaders pour scorn on British PM's Brexit plan

European leaders pour scorn on British PM's Brexit plan

Speaking at a news conference in Brussels, Barnier said: 'It is then we shall see whether agreement we are hoping for is in our grasp. But Mrs May insisted her plans remained the "only proposal on t...

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China trade war escalating? - Danske Bank

The tariffs will start at 10 per cent, beginning Monday of next week, and then rise to 25 per cent on January 1. Trump told reporters earlier on Monday his impression is that Beijing wants to talk...

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Coca-Cola looking at cannabis-infused drinks

Coca-Cola looking at cannabis-infused drinks

Aurora Cannabis Inc. led pot stocks higher after Coca-Cola Co. said it's eyeing the cannabis drinks market, becoming the latest beverage company to tap into surging demand for marijuana products as...

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Australia Warns Consumer to Cut Strawberries After Needles Found Inside Some Samples

Six brands of strawberries are now believed to be affected by needle and pin contamination according to police, including Donnybrook Berries , Love Berry , Delightful Strawberries , Oasis brands,...

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Teenagers' use of e-cigarettes at epidemic levels - US health officials

Teenagers' use of e-cigarettes at epidemic levels - US health officials

Officials say to date, the problem of underage use is at "epidemic proportions ". "The disturbing and accelerating trajectory of use we're seeing in youth, and the resulting path to addiction, must ...

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U.S., Canada slug it out as deadline looms to clinch NAFTA

U.S., Canada slug it out as deadline looms to clinch NAFTA

Chrystia Freeland , Canada's foreign minister, returned to Washington on Tuesday for talks with U.S. Trade Representative Robert Lighthizer . "It is very important to inform" Prime Minister Just...

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Despite Trump's Suggestion, Ford Won't Produce This Vehicle In The US

Despite Trump's Suggestion, Ford Won't Produce This Vehicle In The US

It's not just Ford. It makes many of its products for the USA market in China , and it also sells gadgets including the iPhone in China, making them a potential target for Chinese retaliation aga...

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'Stop BEZOS Act' introduced in Senate targeting large employers

'Stop BEZOS Act' introduced in Senate targeting large employers

Anecdotes shared by current and former Amazon employees corroborate these findings. Sanders claimed that such corporate welfare costs the American taxpayer $ 150 billion a year, citing a study...

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Tesla erupts in chaos after senior executives leave, Musk tokes up

Tesla erupts in chaos after senior executives leave, Musk tokes up

Overall, Morton appears to have parted ways with Tesla amicably, stating that he still believes in the company's overall mission, as well as its future prospects. It's not clear whether the reshuf...

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Goldman drops bitcoin trading plans for now

Goldman drops bitcoin trading plans for now

Up until now, the digital currency was already facing problems with holding the gains on a monthly basis, but now it seems to be dropping by 1 percent on the weekly losses too. Ethereum took an even ...

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Trump claims he fell asleep watching Obama speech

Trump claims he fell asleep watching Obama speech

In a speech at the University of IL at Urbana-Champaign, Obama said Americans were living in "dangerous times " and accused Republicans of undermining global alliances, cozying up to Russian Federa...

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US crude rises on Gulf of Mexico shut ins

US crude rises on Gulf of Mexico shut ins

USA light crude jumped $1.60 a barrel from Friday's close to a peak of $71.40, its highest since mid-July, before easing to around $70.65 by 1340 GMT. Japan's major oil wholesalers are preparing to ...

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