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30m Market Snapshot: Stock market climbs as health-care shares extend rally
Market Watch
U.S. stocks benchmarks trade slightly higher Thursday, with afternoon gains driven by a rally in the health-care and biotechnology sectors.
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30m Bitcoin makes up nearly half of the $100 billion cryptocurrency market cap. What’s the rest?
Market Watch
Bitcoin makes up nearly half of the $100 billion cryptocurrency market cap. So what makes up the rest? Here’s a chart breaking it down.
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37m Updated In One Chart: How big is bitcoin, really? This chart puts it all in perspective
Market Watch
Bitcoin burst into our financial consciousness like a fiery comet, setting the internet ablaze with visions of upending the existing global money system. Yet, by its nature as a cybercurrency, whose legitimacy only exists in the ether, its credibility leaves much room for debate.
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49m The biggest difference between baseball and football fans? We asked a beer vendor
Market Watch
Kevin Zelko sells beer at Safeco Field and CenturyLink Field in Seattle. Here’s what he’s learned.
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Preview: Fisker’s unbelievable new electric car49m Updated Preview: Fisker’s unbelievable new electric car
USA Today
There’s a lot of excitement around Fisker’s upcoming electric luxury sedan, the EMotion. Even at $130,000, the industry is impressed with its large battery pack and advanced lidar sensors, carbon fiber wheels, and much more.
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These Bose headphones are the lowest price they’ve ever been on Amazon54m These Bose headphones are the lowest price they’ve ever been on Amazon
USA Today
You can get the signature comfort of Bose headphones at a rare, low price.
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By keeping money for subsidies, Senate health care bill may lower premiums55m By keeping money for subsidies, Senate health care bill may lower premiums
USA Today
Uncertainty over whether the administration would fund out of pocket costs caused rate hikes
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56m A Risky Bet By Investors---That the Health-Care Bill Fails
The Wall Street Journal
The Better Care Reconciliation Act of 2017 is here, and investors aren’t remotely concerned.
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How caddying helped me earn a full ride at a prestigious college56m How caddying helped me earn a full ride at a prestigious college
USA Today
Despite suffering from a painful disease, this student won a full ride by caddying.
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57m Exclusive: Uber hires law firm to probe how it handled India rape case - source
Reuters
SAN FRANCISCO/NEW DELHI (Reuters) - Uber Technologies Inc [UBER.UL] has hired a law firm to investigate how it obtained the medical records of an Indian woman who was raped by an Uber driver in 2014. The review will focus in part on accusations from some current and former employees that bribes were involved, two people familiar with the matter told Reuters.
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1h 9m Updated Boeing wins hot Paris order race
Reuters
PARIS (Reuters) - Boeing won a race for new business at the Paris Airshow, rolling out a new model of its best-selling 737 airliner that helped it claim back the order crown from rival Airbus
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1h 11m This chart shows that stocks may be primed for a pullback
CNBC
Investors, brace yourselves. A market pullback may be coming soon.
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Qatar Airways wants to buy 10% stake in American Airlines1h 14m Updated Qatar Airways wants to buy 10% stake in American Airlines
USA Today
American announced Qatar Air intends to buy a 10% stake, but added the offer was unsolicited and would have to be approved in advance by the board.
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1h 17m Updated Deep Dive: These dividend stocks are down a lot, but there’s plenty of cash flow to raise payouts
Market Watch
Here are some possible bargains for income-seeking investors willing to consider contrarian plays.
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1h 17m Wall St. rises on oil rebound, gains in healthcare stocks
Reuters
(Reuters) - Wall Street moved higher in early afternoon trading on Thursday as health stocks got a boost after Republicans unveiled a bill to repeal Obamacare and the energy sector rebounded as oil prices rose from multi-month lows.
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Nike is going to start selling directly through Amazon’s website1h 18m Nike is going to start selling directly through Amazon’s website
USA Today
The move could further rattle brick-and-mortar retailers that have depended on big brands like Nike to drive sales.
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1h 19m The Wall Street Journal: Obamacare gets higher marks than House GOP overhaul, poll finds
Market Watch
More Americans approve of Obamacare than the House Republican bill to repeal and replace it, according to new Wall Street Journal/NBC News poll released Thursday.
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1h 19m Key Words: Trump: No Comey tapes
Market Watch
About those tapes President Donald Trump suggested (or warned) that he (or someone) may have had of his one-on-one conversations with then–FBI Director James Comey: They don’t exist. The president said as much, via Twitter, on Thursday.
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1h 23m Key Words: Private-equity billionaire has some advice for Elon Musk that we could all use
Market Watch
Blackstone Chairman and CEO Stephen Schwarzman says Musk should have remained in White House councils.
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1h 23m Updated Grow: 7 easy tricks to help you save money
Market Watch
These seven savers prove that you don’t have to make a painful lifestyle change to save thousands.
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1h 25m Outside the Box: Trump would further damage U.S. manufacturing if he restricts steel imports
Market Watch
Concerns about national security as the justification aren’t credible, costs for steel-consuming firms would rise, and retaliation would hit export-competitive industries, says a former head of the U.S. International Trade Commission.
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How debt — yes, debt — can help you jumpstart your business1h 34m How debt — yes, debt — can help you jumpstart your business
USA Today
Debt can help a business thrive. It can be used to your advantage if you know how to manage it. Here are four tips for using debt to help grow your business.
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1h 38m Your Digital Self: Startup accelerators are aiming to disrupt these industries
Market Watch
Airbnb was helped by a startup accelerator, which provides funding for a chunk of equity.
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1h 42m Here’s one way women should be more like men in the workplace
Market Watch
A new report says women are making a mistake in the way they look for role models
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1h 43m Oil bounces up off 10-month lows; crude glut still weighs
Reuters
NEW YORK (Reuters) - Oil rose on Thursday, a day after sliding to 10-month lows, but market sentiment remained negative due to ongoing pressure from a persistent supply glut despite OPEC-led efforts to balance the market.
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1h 44m Beer Goggles: The biggest difference between baseball and football fans? We asked a beer vendor
Market Watch
Kevin Zelko sells beer at Safeco Field and CenturyLink Field in Seattle. Here’s what he’s learned.
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1h 50m Updated Why this is the most anticipated NBA Draft day in decades
Market Watch
Plus: How much Markelle Fultz, Lonzo Ball and the other top picks will earn this season.
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1h 51m The Tell: What caused the ethereum flash crash?
Market Watch
It was a rough day for traders of the world’s second-largest cryptocurrency on Wednesday as ethereum plunged as low as a dime before rebounding back above $300.
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By keeping money for insurance subsidies, GOP health bill may lower premiums1h 51m By keeping money for insurance subsidies, GOP health bill may lower premiums
USA Today
Uncertainty over whether the administration would fund out of pocket costs caused rate hikes
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1h 53m 7 ways to live within your means now so you can enjoy retirement later
Market Watch
You’ll have a lot to look forward to if you plan well.
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1h 54m The Wall Street Journal: Reddit is getting a makeover and video ads to attract advertisers
Market Watch
While Snapchat had its Ferris wheel and Google and Facebook had their beach setups, Reddit was low-key at the Cannes Lions ad festival this year, renting a modest apartment near the action on the busy coastline.
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2h Blackstone or BlackRock, confused? CEOs Steve Schwarzman and Larry Fink actually did it on purpose
CNBC
Blackstone's Schwarzman tells the behind-the-scenes story about the names. BlackRock started as part of Blackstone.
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2h Beer Goggles: What if Amazon disrupts the heavily regulated beer industry with Whole Foods?
Market Watch
It could be done — and just might happen — but there are many political hoops, says Jason Notte.
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2h Market Snapshot: U.S. stocks edge higher as health-care, biotech shares extend rally
Market Watch
U.S. stocks benchmarks trade slightly higher Thursday, with afternoon gains driven by a rally in the health-care and biotechnology sectors.
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2h Updated Uber: Too Big to Flail
The Wall Street Journal
The investors who have sunk many billions into Uber can take at least some comfort in the reality that scale still matters—by a lot.
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2h Updated Home Capital to get C$2 billion loan from Berkshire Hathaway
Reuters
(Reuters) - Home Capital Group Inc said billionaire Warren Buffett's Berkshire Hathaway Inc will provide a new C$2 billion ($1.50 billion) line of credit to its unit Home Trust Co, ending the Canadian lender's strategic review process.
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2h Qatar Airways wants to buy 10 percent stake in American Airlines
Reuters
(Reuters) - American Airlines Group Inc said on Thursday that Qatar Airways, the Gulf country's state-owned airline embroiled in a airspace row, had expressed interest in buying as much as a 10 percent stake worth at least $808 million in the U.S. airline.
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2h The Margin: Donald Trump may finally have gone too far
Market Watch
To almost half of America, Trump apparently can do no wrong. But tolerance has its limits, and the president’s latest offense is pushing them.
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2h Updated NewsWatch: This play beats bitcoin with 100%-plus returns — and it’s less risky
Market Watch
Investors are getting a gutful of cybercurrencies lately. The highs and lows that are on offer from bitcoin and its rivals are very tempting. Hedge funds are in on it, but this isn’t for the faint-hearted investor.
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2 Tennessee inmates bilked IRS out of $310K in tax refund scheme2h 2 Tennessee inmates bilked IRS out of $310K in tax refund scheme
USA Today
The Tennessee inmates used the Social Security numbers of fellow inmates to claim refunds for hundreds, most of whom had been unemployed for years.
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2h The New York Post: Senate Republicans unveil new health care bill
Market Watch
Senate Republicans unveiled Thursday their plan to repeal and replace ObamaCare.
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2h Tesla moves a step closer to building electric cars in China
Reuters
(Reuters) - Tesla Inc took a step closer toward establishing an electric vehicle manufacturing plant in China with its announcement on Thursday that it is in exploratory talks with the Shanghai municipal government.
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2h Top advisers pull their clients’ investments out of hedge funds
CNBC
Leading advisers have cut their clients’ allocations to such funds by as much as a third over the past year, Financial Times reports.
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2h Gains in healthcare stocks lift Wall Street
Reuters
(Reuters) - Wall Street was higher in late morning trading on Thursday as health stocks got a boost after Republicans unveiled a bill to repeal Obamacare and the energy sector took a breather with oil prices edging up from multi-month lows.
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2h Tax reform roadblocks taking a big bite out of M&A this year
CNBC
Companies are making fewer and smaller deals in the U.S. as they wait for action on the Trump administration's plans.
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JP Morgan: Walmart could enter a bidding war with Amazon over Whole Foods2h JP Morgan: Walmart could enter a bidding war with Amazon over Whole Foods
USA Today
JPMorgan analysts said Walmart could be drawn to Whole Foods for its relatively wealthier customers and strong brand, not to mention the chance to thwart Amazon's ambitions.
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2h Updated Money Brain: Stocks don’t really become less risky the longer you hold them
Market Watch
A belief that stocks pose no risk if held for the long run is false, but it can keep investors who are frightened by a stock-market crash from dumping all their stocks, writes Meir Statman.
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3h Futures Movers: Oil climbs as U.S. supplies fall a second week
Market Watch
Oil prices look to recoup some of their recent losses Thursday, buoyed a second weekly decline in U.S. crude supplies, but rising domestic production continues to spook investors.
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3h All the companies in Jeff Bezos’s empire, in one (large) chart
Market Watch
With a net worth of $84.7 billion, Bezos has made a number of investments and acquisitions. Here is a snapshot of the empire.
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3h Metals Stocks: Gold aims for back-to-back wins, leaving behind 5-week lows hit this week
Market Watch
Gold aims Thursday for back-to-back session gains, clawing up from the five-week lows struck earlier this week, as the metal’s safe-haven appeal drew at least short-term demand.
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3h Outside the Box: Why the Fed’s opportunistic tightening campaign could be a hawkish mistake
Market Watch
Pimco’s Joachim Fels gives a glimpse into the debate within the giant fund manager about the Federal Reserves’s thinking.
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3h Market Snapshot: U.S. stocks bounce as biotech shares extend rally
Market Watch
U.S. stock-market indexes staged a modest rebound with the main indexes trading higher on Thursday, driven by gains in health-care and energy sectors.
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Driverless shuttles arrive at University of Michigan this fall3h Driverless shuttles arrive at University of Michigan this fall
USA Today
The University of Michigan will implement two driverless shuttle buses on its campus this fall.
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3h Updated Qatar Airways interested in buying 10 percent stake in American Airlines
Reuters
(Reuters) - American Airlines Group Inc said on Thursday that Qatar Airways, the Gulf country's state-owned airline, had expressed interest in buying as much as a 10 percent stake worth at least $808 million in the U.S. airline.
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3h U.S. banks look to rebuild European football from the ground up
Reuters
LONDON (Reuters/IFR) - U.S. banks that have carved out a lucrative niche financing the construction and renovation of sports stadia are making a push into Europe, signing a major deal with English Premier League soccer club Tottenham Hotspur last month.
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3h Nordstrom family moves ahead with finding a private equity buyer
CNBC
The Nordstrom family, which owns 30 percent of the department store chain, hires bankers and lawyers in pursuit of take-private deal.
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JP Morgan: Wal-Mart could enter a bidding war with Amazon over Whole Foods3h JP Morgan: Wal-Mart could enter a bidding war with Amazon over Whole Foods
USA Today
JPMorgan analysts said Wal-Mart could be drawn to Whole Foods for its relatively wealthier customers and strong brand, not to mention the chance to thwart Amazon's ambitions.
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3h Updated Need to Know: This play beats bitcoin with 100%-plus returns — and it’s less risky
Market Watch
Investors are getting a gutful of cybercurrencies lately. The highs and lows that are on offer from bitcoin and its rivals are very tempting. Hedge funds are in on it, but this isn’t for the faint-hearted investor.
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3h Why the falling oil price isn’t hurting markets
The Economist
INVESTORS could easily get confused about the impact of oil-price rises on the economy and markets. The story seemed to be clear: high prices bad, low prices good. The two great oil shocks in the 1970s were unambiguously bad for Western economies—ushering in stagflation and transferring spending power to the oil-producing countries. In turn, low oil prices in the late 1990s coincided with the dotcom boom. But when oil fell in the second half of 2015, that was seen as a bearish sign for the global economy and markets. Now oil is falling again, with both Brent crude and West Texas intermediate dropping more than 20%. But the decline has barely made a dent in the upward march of the S&P 500 index. The key to the differing market reaction is the oil price is falling. Back in 2015, the fear was falling demand. Investors worried in particular that the Chinese economy was slowing. If that assumption had been right, demand for much more than oil would have suffered. The equity markets did not...
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3h Capitol Report: Treasury official: The next financial crisis could look nothing like the last one
Market Watch
Treasury official Craig Phillips, charged with reviewing regulation of banks, says next financial crisis will come from new places that may require new regulation.
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3h Key Words: Steven Brill: Republican ‘repeal and replace’ health-care efforts do neither
Market Watch
Lawyer, author and longtime media entrepreneur and watchdog Steven Brill has this to say about the Senate “repeal and replace” health-care law set for its big reveal late Thursday:
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3h Wall Street opens little changed as oil edges up
Reuters
(Reuters) - U.S. stocks opened little changed on Thursday as oil prices remained near multi-month lows, undermining efforts by major producers to stabilize the market.
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4h Foxconn plans U.S. display making plant for over $10 billion, scouting for location
Reuters
TAIPEI (Reuters) - Foxconn , the world's largest contract electronics maker and a major Apple Inc supplier, plans to invest more than $10 billion in a display-making factory in the United States and will decide on the location of the plant next month.
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4h AT&T unclear what final merger conditions Justice Department will seek
Reuters
WASHINGTON (Reuters) - AT&T Inc was confident it would win regulatory approval for its $85.4 billion acquisition of Time Warner Inc before year's end as the Justice Department continues its review, but was still awaiting details about any final requirements for the deal, a senior executive said.
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4h Brent crude oil bounces back above $45, but excess weighs
Reuters
LONDON (Reuters) - Oil edged up from multi-month lows on Thursday, but prices remained under pressure from a supply glut that has persisted despite OPEC-led efforts to balance the market.
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4h The Wall Street Journal: Cable Operator Altice Delivers Biggest U.S. Telecom IPO in 17 Years
Market Watch
The IPO of cable company Altice USA raised more money than any other U.S.-listed telecom since the year 2000, an encouraging sign for the beleaguered sector.
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4h Updated Uber IPO prospects may be helped by resignation of CEO Travis Kalanick
Market Watch
The resignation of Travis Kalanick, chief executive of Uber Technologies Inc., may have helped the company’s prospects of going public.
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Berkshire Hathaway extends $1.8B rescue plan for troubled Canadian mortgage lender4h Updated Berkshire Hathaway extends $1.8B rescue plan for troubled Canadian mortgage lender
USA Today
Berkshire Hathaway offers a $1.8 billion rescue plan to troubled Canadian mortgage lender, Home Capital Group.
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4h Market Snapshot: U.S. stocks struggle for direction, but biotech shares extend rally
Market Watch
U.S. stock-market indexes bounce around on Thursday, with investors struggling to shake off the recent gloom hanging over the oil market even as crude futures headed modestly higher.
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Guess how many parents owe more than $40,000 in student debt4h Guess how many parents owe more than $40,000 in student debt
USA Today
A growing number of parents are borrowing money to send their kids to college.
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4h Updated American Airlines says Qatar Airways interested in buying 10 percent stake
Reuters
(Reuters) - American Airlines Group Inc said on Thursday that Qatar Airways, the Gulf country's state-owned airline, had expressed interest in buying a 10 percent stake worth at least $808 million in the No.1 U.S. airline.
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4h Mortgage rates back near lowest levels of 2017 after short-lived rebound
Market Watch
Mortgage rates followed Treasury yields down again in the latest reporting week, Freddie Mac said, keeping average rates shy of where economists thought they’d be in 2017.
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4h Credit.com: The paint colors that will increase your home’s value
Market Watch
The colors that added value to your home just a year ago can now be hurting its sale price.
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4h Updated Market Extra: Imagination puts itself up for sale as it battles Apple over chip designs
Market Watch
Imagination Technologies Group shares surge 17% after the British chip designer says it is talking with potential bidders, after its shares lost half their value on the Apple news.
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4h Cisco adapts to the rise of cloud computing
The Economist
WHEN John Chambers ran Cisco, the world’s biggest maker of networking gear, his hyperactivity nearly matched that of the high-speed switches and routers that made the firm’s fortune. He pushed Cisco into dozens of new businesses, from set-top boxes to virtual health care. He travelled the world preaching the virtues of connectivity. In interviews it was hard to get a word in edgeways. Conversations invariably ended on a restless question: “What should we do differently?” Chuck Robbins, who succeeded Mr Chambers in July 2015, has two decades of experience selling Cisco gear and seems more comfortable talking about its core business than about diversifications. He avoids the limelight and comes across as almost shy. But he, too, is aware of the need to keep moving. “Networking is getting complex. We need intuitive networks that are secure and can learn and adapt.” Different times require different bosses. Mr Chambers led Cisco to the top during the dotcom boom; in...
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4h The prospects for the world’s biggest IPO
The Economist
THE proposed sale of 5% of Saudi Aramco is not just likely to be the biggest initial public offering (IPO) of all time. “It’s like Gibraltar selling the rock,” as one expert on Saudi Arabia’s oil policy puts it. The world’s biggest oil company keeps the House of Saud in power, bankrolled 60% of the national budget last year, and is a paragon of efficiency in an economy otherwise mired in bureaucracy. The elevation on June 21st of Muhammad bin Salman, the 31-year-old architect of the IPO, to crown prince is likely to add more momentum to a sale planned for the second half of 2018. The news will further sideline domestic critics of the IPO, some of whom wonder whether it would be better to borrow the money than sell the family silver. But the success of the IPO is not guaranteed. The tendency of MBS, as the prince is known, to micromanage the listing runs counter to the spirit of openness and liberalisation that he says he wants for Saudi Arabia. That could backfire on the IPO...
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4h General Motors is getting smaller but more profitable
The Economist
THE headquarters of General Motors (GM) tower over the other skyscrapers in Detroit’s city centre, a reminder that the carmaker still rules the American market. Yet GM’s domestic might increasingly contrasts with its position elsewhere in the world. Although most other carmakers see becoming ever bigger everywhere as the answer to the industry’s multiple challenges, GM is in retreat. It, too, long vied with the world’s largest carmakers for the global crown. Along with Volkswagen, Toyota and Renault-Nissan, it made around 10m cars last year. Investors have been unimpressed. Although GM had record profits in 2015 and 2016 and has performed solidly this year, its share price has barely budged since its IPO of 2010, after the financial crisis had forced it into bankruptcy. Such is the frustration that Greenlight Capital, a hedge fund with a 3.6% stake in GM, proposed splitting its shares into two classes—one keeping the current dividend and the other...
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4h Amazon’s big, fresh deal with Whole Foods
The Economist
JEFF BEZOS does not like sitting still. In his annual letter to Amazon’s shareholders this year, he warned of “stasis. Followed by irrelevance. Followed by excruciating, painful decline. Followed by death.” Competitors are toiling to avoid the same fate but it is hard to keep up. On June 16th Amazon said it would pay $13.7bn for Whole Foods, an upscale grocer known for its organic produce. Lest be accused of sloth, four days later Amazon announced a new service to let shoppers try clothes at home, for no fee, then return those they don’t like. The news that Amazon would make clothes shopping even easier is a blow to America’s apparel chains, many of which are already in the middle of that excruciating decline. Yet it was the Whole Foods deal, more than ten times bigger than any acquisition Amazon has made so far, that caused the bigger stir.
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4h Investors snap up Argentina’s 100-year bonds
The Economist
ONE hundred years ago, Argentina was not the country it is today. Thanks to a of lavish foreign investment, rapid inward migration and bountiful agricultural exports, its GDP per person in 1917 was comparable to that of Germany and France. Although the first world war brutally interrupted international trade and investment, the country profited from filling the bellies of soldiers on the front with tinned corned beef. No one knows how Argentina may change over the next 100 years. But many investors seem willing to bet on one forecast: that its government will in 2117 repay $2.75bn-worth of dollar-denominated, 100-year bonds, sold to enthusiastic investors on June 19th. Since Argentina has defaulted six times in the past 100 years, that belief seems brave. But instead of looking backwards, investors are looking from side to side, at the miserable yields on offer elsewhere. Argentina’s “century” bonds yield almost 8%. That...
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4h A trendy Asian lifestyle chain opens in North Korea
The Economist
WHEN Miniso said in January that its stores would “bring the happiness of stress-free shopping to the Koreans”, you would be forgiven for thinking they were referring to emporium-loving Seoulites. In fact, the home-goods store, co-founded by a Chinese entrepreneur and a Japanese designer, was announcing that it would be taking its capitalist trinkets into (ostensibly socialist) North Korea. In a joint-venture deal with one of the country’s state-owned enterprises, it agreed to establish the first foreign-branded chain store in Pyongyang, the destitute country’s showcase capital. The first Miniso store opened there in April, eight months after its first shop in South Korea began operating, and just before it launched in America. Its arrival is remarkable in a place where displays of branding are rare (the exception is a handful of billboards advertising a local car firm, Pyeonghwa Motors). Miniso’s coup in the secretive...
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4h A hybrid startup offers AI services to business
The Economist
BOSSES are more likely to groan than feel giddy about advances in artificial intelligence (AI). They need a strategy, but few companies can hope to own a unit like Google’s DeepMind, whose algorithms not only beat the world’s best Go players but made a 40% improvement in the energy efficiency of its parent’s data centres. A Canadian startup, Element AI, wants to let all businesses tap into the world’s best AI minds. The brain behind the new firm is Yoshua Bengio, a pioneer in “deep learning”, a branch of AI. As firms such as Google and Facebook lured dozens of AI academics, some in the field expressed fears about a brain drain from academia. In 2015, for example, Uber, a ride-hailing startup, poached 40 researchers from Carnegie Mellon University. Mr Bengio meanwhile stayed at the University of Montreal (though in January he became an adviser to Microsoft). Element AI will let researchers stay in their university...
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4h Travis Kalanick steps down as chief executive of Uber
The Economist
“WE HAVE a lot of attention as it is. I don’t even know how we could get more,” Travis Kalanick, the boss of Uber, said last year. The ride-hailing giant found a way. Mr Kalanick failed to manage the fallout from a series of high-profile blunders and scandals. On June 20th he resigned as chief executive officer of the firm he co-founded in 2009. Uber is facing several crises, including senior executive departures, a lawsuit over alleged intellectual-property theft, claims about sexual harassment and a federal probe into its use of potentially illegal software to track regulators. Mr Kalanick had previously said he would take a leave of absence, in part to deal with a personal tragedy—the death of his mother in a boating accident. That was not enough for investors in Uber, who asked him to make his leave permanent. Uber will not change overnight. Mr Kalanick trained it to be unrelentingly competitive, aggressive and ready to break...
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4h Klarna, a Swedish fintech unicorn, gets a full banking licence
The Economist
BANKS moan incessantly about over- regulation. Yet their banking licences come with perks: in most places only licensed institutions can accept deposits and offer current accounts; within the EU, “passporting” means a bank licensed in one country may operate across the single market. So some European financial-technology (“fintech”) upstarts have started to seek banking licences. On June 19th, Klarna, a Swedish payments firm valued at $2.25bn, became the latest—and the largest so far—to get one. European fintech firms have various reasons for seeking approval as a bank. Bunq, a Dutch firm and one of the first to get a licence, started out in payments, like Klarna, but expanded to deposit accounts. Some, like N26 in Germany or Atom Bank in Britain, sought to be full-service, online retail banks from the outset. Others, such as ClearBank, a new British clearing and settlement bank, want to offer services to other firms. Of those focused on the retail market, Klarna...
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4h The Federal Reserve risks truncating a recovery with room to run
The Economist
WHEN it comes to inflation, the Federal Reserve sometimes resembles a child freshly emerged from an age-inappropriate horror film. To its members, runaway price increases seem to lurk in every oddly shaped shadow. On June 14th America’s central bank raised its benchmark interest rate for the third time in six months, even as inflation lingered below its 2% target, as it has for most of the past five years. Some critics reckon the Fed’s 2% inflation target is too constraining. Indeed, in recent comments on a letter from prominent economists calling for a higher target, Janet Yellen, the chairman, signalled openness to the idea. But the Fed’s problem is less its target than an unforgiving pessimism about American productivity. If its bleak view is wrong, the Fed itself is partly to blame for slow growth. Economists generally treat productivity growth as a “real” factor, outside central-bank control. Thus, it is thought to depend on things such as technological progress, workers’ skill levels and the flexibility of the economy. But productivity growth is cyclical: it varies depending on whether an economy is booming or busting. Central banks might therefore have more influence over it than they are prepared to admit. Economies have a growth speed limit, determined by changes in population and productivity. When unemployment is high, the economy...
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4h The Wall Street Journal: Deaths prompt millionaire Forrest Fenn to rethink legendary treasure hunt
Market Watch
An eccentric millionaire, who claims to have hidden gold and gems in the mountains of northern New Mexico, is considering calling off the legendary treasure hunt after a man died recently looking for the bounty.
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4h Your first trade for Thursday, June 22
CNBC
The "Fast Money" traders share their first moves for early hours of the trading day.
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4h Wall St. flat at open as oil prices edge up
Reuters
(Reuters) - U.S. stocks opened little changed on Thursday as oil prices remained under pressure even as they edged up from multi-month lows.
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5h Updated The Wall Street Journal: Making this one move now can boost your retirement by thousands a year
Market Watch
Employees who choose a Roth 401(k) might end up with more purchasing power in retirement than if they pick a traditional 401(k).
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Problems plague student loan forgiveness program5h Updated Problems plague student loan forgiveness program
USA Today
Borrowers face problems qualifying for student loan forgiveness for those in public service jobs
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5h Next Avenue: How the U.S. lags behind other countries in retirement
Market Watch
Americans may not be as prepared for retirement as they think they are.
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5h Updated 7 money hacks that could jack up your savings
Market Watch
These seven savers prove that you don’t have to make a painful lifestyle change to save thousands.
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5h Updated Market Extra: 4 things to know about Saudi Arabia’s new crown prince
Market Watch
With his promotion to crown prince, Mohammed bin Salman is consolidating his influence over Saudi Arabia’s oil industry and the economy. Here’s what investors need to know.
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5h Citi hires two senior UBS Asia bankers for China, EMEA roles
Reuters
HONG KONG (Reuters) - Two senior bankers working for UBS Group AG in Asia have left to join Citigroup Inc , adding to other top bankers who have left the Swiss bank in the region in the last few months.
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5h Updated Commodities Corner: This is the real reason we’re ‘drowning in oil,’ says Ed Yardeni
Market Watch
Yardeni Research’s Ed Yardeni explains what he believes is the real reason the world is suffering from a glut of oil
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5h Updated Currencies: Dollar drops against yen as Japan upgrades economy for first time since December
Market Watch
The dollar slipped against the yen and stood virtually unchanged against other major rivals for a second day Thursday. Investors digested next steps for Brexit and monitored signs about corresponding policy at respective central banks, as European and Japanese economic data continues to improve while U.S. reports mostly reveal what the Federal Reserve claims is a short-lived slowdown.
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What all those cups of coffee, or that new car, really cost5h Updated What all those cups of coffee, or that new car, really cost
USA Today
The cost of a cup of coffee or other small outlays can exert a tremendous financial drain over time.
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5h Updated Exclusive: China Unicom counts Alibaba, Tencent among investors in drive to raise $10 billion - sources
Reuters
HONG KONG (Reuters) - Chinese tech giants Alibaba Group Holdings and Tencent Holdings will be among new investors pouring a total of around $10 billion into mobile carrier China Unicom, sources said, part of efforts by Beijing to rejuvenate state behemoths with private cash.
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Tips for tracking your expenses, establishing an effective budget5h Tips for tracking your expenses, establishing an effective budget
USA Today
Budgeting can be boring and difficult to stick to, but establishing one is the basic foundation of personal finance. Think about it: How can you save money each month if you don't know the ins and outs of your spending habits?
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5h Bond Report: Treasurys steady as jobless-claims data extend streak of strong reports
Market Watch
were looking mixed for the week, as investors digested talk from Federal Reserve speakers amid a downdraft for crude-oil prices that was putting pressure on near-term inflation expectations.
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5h The Wall Street Journal: Foxconn in talks with mostly midwest U.S. states over building new plant
Market Watch
Foxconn Technology Group is looking at several U.S. states as potential sites for its investment plans and wants to announce the first match as early as July, Chairman Terry Gou said.
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5h Market Snapshot: Stock market set to struggle, but oil market turns slightly higher
Market Watch
U.S. stock futures point to a soft start for Wall Street, with investors struggling to shake off the recent gloom hanging over the oil market even as crude futures rebounded in choppy trade.
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5h Updated U.S. jobless claims rise, labor market still tight
Reuters
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits increased slightly last week, but remains at levels consistent with a tight labor market.
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5h Updated One Almost-Certain Risk for Investors in the Health-Care Bill
The Wall Street Journal
As investors struggle to understand the overhaul of the Affordable Care Act, one area to watch is insurance deductibles, which are likely to rise and could increase pressure on the health-care industry to control costs.
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5h Brent crude oil edges back above $45, but excess weighs
Reuters
LONDON (Reuters) - Oil edged up from multi-month lows on Thursday, but prices remained under pressure from a supply glut that has persisted despite OPEC-led efforts to balance the market.
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5h American Airlines says Qatar Airways interested in buying 10 pct stake
Reuters
(Reuters) - American Airlines Group Inc said on Thursday that Qatar Airways, the Gulf country's state-owned airline, had expressed interest in buying a 10 percent stake worth at least $808 million in the No.1 U.S. airline.
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5h Economic Report: U.S. jobless claims edge up 3,000 to 241,000
Market Watch
Fewer than 250,000 Americans applied for unemployment benefits in mid-June, underscoring the strength of a U.S. jobs market whose biggest problem is a growing shortage of qualified workers.
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5h Capitol Report: Senate Republican support for Obamacare repeal wavers | White House shows no sign of reopening climate talks
Market Watch
At least a half-dozen Republican Senators express reservations about health-care bill; Foreign allies and U.S. officials are uncertain about the White House plans to move forward on climate policy.
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5h Updated Amazon Wardrobe is another blow to department stores
Market Watch
Amazon Wardrobe is one more headwind facing the struggling department store sector, experts say.
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Report: Staples could be sold to private equity investors6h Report: Staples could be sold to private equity investors
USA Today
Office products retailer Staples is negotiating a deal to potentially sell itself to private-equity firm Sycamore Partners.
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6h Key Words: N.J.’s Chris Christie on his abysmal approval rating: ‘The fact is, who cares?’
Market Watch
When it comes to polls, some politicians cherry pick. New Jersey Gov. Chris Christie has a novel approach.
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6h Updated Project Syndicate: El-Erian: Greece has been robbed by IMF and eurozone’s failure to agree
Market Watch
Greek citizens have waited, and suffered, long enough, says Mohamed A. El-Erian, chief economic adviser at Allianz and a former deputy director at the International Monetary Fund.
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6h The Wall Street Journal: Islamic State militants blow up historic and symbolic Nouri Grand mosque in Mosul
Market Watch
Islamic State militants bombed the historic Nouri Grand Mosque in Mosul late Wednesday, Iraq’s military said, destroying the site where Islamic State’s leader first announced the creation of a self-declared caliphate straddling Iraq and Syria.
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6h Updated London Markets: FTSE 100 faces third day of losses as oil shares, miners struggle
Market Watch
Stocks in the U.K. fell Thursday, on track for a third session of declines as oil prices extended losses.
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6h Updated MarketWatch First Take: Oracle leaps to record as cloud transition hits turning point
Market Watch
Oracle posts earnings and revenue growth for fiscal year after two straight years of shrinkage, indicating that the transition to cloud-software delivery has reached a new level.
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Home Depot, Menards face lawsuits over lumber size description6h Updated Home Depot, Menards face lawsuits over lumber size description
USA Today
Lawsuits accuse retailers of deception for misrepresenting the size of their four-by-four boards.
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6h Sales chief says Boeing won 571 orders and commitments
Reuters
PARIS (Reuters) - Boeing said it had won 571 orders and commitments for jetliners at the Paris Airshow, upstaging European rival Airbus after the launch of a new model of its 737 MAX passenger jet.
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7h Updated Airbus concedes defeat to Boeing in Paris order race
Reuters
PARIS (Reuters) - Airbus conceded defeat to rival Boeing in the race for new business at the Paris Airshow on Thursday, as a late haul of almost 100 aircraft failed to close a gap opened up by the launch of the American firm's new 737 model.
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7h Citi hires UBS banker as China head of corporate, investment banking: memo
Reuters
HONG KONG (Reuters) - Citigroup Inc has appointed UBS Group AG senior China banker Jiang Guorong as its chairman and head of China corporate and investment banking, according to an internal memo seen by Reuters on Thursday.
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7h Stock futures flat as oil prices remain under pressure
Reuters
(Reuters) - U.S. stock index futures were little changed on Thursday as oil edged up from multi-month lows but prices remained under pressure.
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7h Metals Stocks: Gold tries for back-to-back wins, leaving behind 5-week lows hit this week
Market Watch
Gold gained in back-to-back sessions Thursday, clawing up from the five-week lows struck earlier this week, as the metal’s safe-haven appeal drew at least short-term demand.
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7h Updated Deep Dive: No. 1 mutual fund, which made a killing off Amazon and Tesla, is now focused on these stocks
Market Watch
Joshua K. Spencer of the T. Rowe Price Global Technology Fund has sold some big winners and says where he’s leading the fund now.
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Clooney sells his tequila business7h Updated Clooney sells his tequila business
USA Today
The Money Monster star is selling his tequila company Casamigos — that he owns with entertainment mogul Rande Gerber and real estate developer Michael Meldman — to the British alcohol company Diageo for somewhere in the neighborhood of one billion dollars.
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China opens door to more foreign stock investors7h China opens door to more foreign stock investors
USA Today
American investors will be able to get exposure to domestic Chinese stocks after an index provider added more than 200 of them to a key emerging markets index.
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How to turn an unexpected windfall into so much more7h How to turn an unexpected windfall into so much more
USA Today
When Susan Rose's dad passed away, he left her enough money to start dreaming big. See how she nurtured her inheritance into even more than she imagined.
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7h Asia Markets: Chinese shares swing lower, led by financials
Market Watch
Major Asia-Pacific stock markets turned lower Thursday, with a decline for the Shanghai Composite led by financial shares.
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8h Tesla reaches agreement with Shanghai to explore production: Bloomberg
Reuters
Tesla's revenue from China more than tripled to over $1 billion last year, according to its annual report.
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Uber board shake-up as Bill Gurley leaves8h Updated Uber board shake-up as Bill Gurley leaves
USA Today
Venture capitalist Bill Gurley, whose firm Benchmark was one of Uber's earliest investors, will be replaced by his partner Matt Cohler.
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8h Futures Movers: Oil turns higher, but jump in U.S. supplies keeps traders on edge
Market Watch
Crude futures turned higher in choppy trade Thursday, but investors are still spooked by rising production in the U.S.
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8h Indian IT sector lobby group sees export growth at 7-8 percent for 2017-18
Reuters
(Reuters) - A leading lobby group for India's IT industry on Thursday forecast the sector's export revenues to grow at 7-8 percent for the year to March, around the growth levels seen last year, as the industry faces continued headwinds from the U.S. market.
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Tipping: Is it ever OK to skip the tip?8h Tipping: Is it ever OK to skip the tip?
USA Today
Tipping etiquette for (almost) every situation you can think of.
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8h Updated Market Snapshot: U.S. stocks face a struggle to pull out of oil-driven selloff
Market Watch
U.S. stocks were headed for another day in the red Thursday, with futures struggling to shake off gloom over the oil market as crude futures sank deeper into a bear market.
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8h China regulator orders checks on loans to acquisitive firms - sources
Reuters
BEIJING (Reuters) - China's banking regulator has ordered a group of commercial banks to assess their exposure to offshore purchases by a handful of acquisitive Chinese corporate groups, two people familiar with the matter said on Thursday.
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8h China regulator orders checks on loans to acquisitive firms: sources
Reuters
BEIJING (Reuters) - China's banking regulator has ordered a group of commercial banks to assess their exposure to offshore purchases by a handful of acquisitive Chinese corporate groups, two people familiar with the matter said on Thursday.
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8h India’s huge buffalo-meat industry is in limbo
The Economist
IN A corner of the state of Uttar Pradesh (UP) stands a gleaming building dedicated to animal slaughter on an industrial scale. Neatly mown lawns lead the way to a corral for hundreds of the curly-horned Murrah buffalo typical of the region. Nearby is a lorry-sized, stainless-steel machine in which the animals are killed. A Muslim cleric stands ready to oversee the incantation that ensures each carcass will be halal. Upstairs a microbiology lab monitors the progress of each beast through stages of chilling, deboning and deglanding. Each pile of disaggregated buffalo is then frozen solid and put into a loading chamber. Such facilities are common in UP, although they do not advertise their whereabouts for fear of antagonising “cow vigilantes”, Hindu militants who harass and extort in the name of protecting cows, which a majority of Indians hold to be sacred. India earns around $4bn a year from exporting beef, and last year was the world’s biggest exporter of the product....
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8h Updated Futures Movers: Oil steady, but jump in U.S. supplies keeps traders on edge
Market Watch
What spooked traders and analysts was the rising production from the U.S. despite falling prices.
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9h Oil prices slip as physical excess overpowers OPEC
Reuters
LONDON (Reuters) - Oil slid back toward multi-month lows on Thursday, after a brief recovery early in the session, as traders warily eyed a glut of physical supply that has persisted despite OPEC-led efforts to balance the market.
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9h Belgium drops case against business of LVMH chief Arnault
Reuters
BRUSSELS (Reuters) - Belgian prosecutors said on Thursday they have closed an investigation into a 2.9 billion euro ($3.24 billion) capital increase in a Belgian company owned by billionaire and chief executive of LVMH Bernard Arnault.
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9h Europe Markets: European stocks dragged down by oil shares for third session
Market Watch
A third day of declines was in store for European stocks Thursday, as the energy sector grappled with the slide in oil prices.
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9h The paint colors that will increase your home’s value
Market Watch
The colors that added value to your home just a year ago can now be hurting its sale price.
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9h How the U.S. lags behind other countries in retirement
Market Watch
Americans may not be as prepared for retirement as they think they are.
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10h Updated Market Extra: This is what elite fund managers are watching closely — and it’s not Trump or Brexit
Market Watch
Political risks such as the U.K.’s Brexit and the Trump presidency are still prominent points of discussion, but they aren’t driving markets anymore — corporates are instead, fund managers say.
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10h Updated Market Extra: Why a multibillion-dollar fund manager sees another 10% rally for U.S. stock market
Market Watch
U.S. stock benchmarks may have consistently set fresh all-time highs over the past weeks, but the rally isn’t over yet, according to Jim McCaughan, who oversees $424 billion in assets under management as chief executive at Principal Global Investors.
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10h European stock markets stumble as oil languishes near lows
Reuters
LONDON (Reuters) - European stock markets fell for a third straight day on Thursday, as battered oil prices hovered near seven-month lows hit overnight on worries about a supply glut and falling demand.
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11h Eyes on AirAsia as Airbus looks for airshow comeback: sources
Reuters
PARIS (Reuters) - Airbus has seen its rival Boeing grab most of the headlines at the Paris Airshow this week, but it could turn to AirAsia - one of its largest customers - to narrow the gap after the launch of a new Boeing plane, industry sources said.
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11h UK will clearly lose financial passports if it quits the single market, says European commissioner
CNBC
The U.K. cannot hope to retain its financial passporting benefits if it pursues a hard Brexit, says European Commission vice president Valdis Dombrovskis.
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11h Bill Gates and Warren Buffett agree all entrepreneurs need this one quality
Market Watch
The two billionaires agree on the reason for their early success.
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11h Paul Brandus: 5 alternative plutocrats to run America better than Trump
Market Watch
If we’re going to put a rich guy with no political experience in the White House, can’t we do better than Donald Trump?
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11h Updated Why did these generic drugs’ prices jump as much as 85%?
Market Watch
The price hikes were made the day of a Senate hearing on expensive drugs.
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11h Updated Here’s why most Americans prefer to be a ‘big fish in a small pond’
Market Watch
New study shows why we choose these life-altering paths
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11h Updated Outside the Box: Uber’s housecleaning needs to go beyond the C-suite to actually work
Market Watch
Companies need to root out a bad leader’s followers among the rank and file. Otherwise, a moral meltdown is likely to happen again.
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11h Updated It’s not just Amazon and Whole Foods: Here’s Jeff Bezos’ enormous empire, in one chart
Market Watch
With a net worth of $84.7 billion, Bezos has made a number of investments and acquisitions. Here is a snapshot of the empire.
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11h The Wall Street Journal: Berkshire Hathaway buys big stake in Canadian mortgage lender Home Capital Group
Market Watch
Berkshire Hathaway has agreed to indirectly acquire a 38.39% stake in the troubled Canadian mortgage lender as part of a rescue package that includes a 2 billion Canadian dollar loan.
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12h Updated Key Words: Teenage bitcoin millionaire can see the cryptocurrency’s value shooting as high as $1 million
Market Watch
What’s bitcoin going to be worth? An 18-year old bitcoin millionaire in Idaho says $100,000 to $1 million.
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12h UK competition watchdog clears Standard Life-Aberdeen deal
Reuters
(Reuters) - Britain's competition watchdog said it had cleared Standard Life's 11 billion pound ($14 billion) deal to buy Aberdeen Asset Management , paving the way for the tie-up which will create the country's biggest listed asset manager.
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12h Takata to file for bankruptcy Monday, SMFG to provide bridge loan: sources
Reuters
TOKYO (Reuters) - Takata Corp will seek bankruptcy protection from creditors on Monday, two sources said, as the Japanese company faces billions of dollars in liabilities stemming from the biggest recall in automotive history.
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12h Asian stocks rise, oil languishes near 10-month low on glut fears
Reuters
SINGAPORE (Reuters) - Asian stocks advanced on Thursday, but oil futures hovered near a 10-month low hit overnight on concerns over a supply glut and falling demand.
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13h Takata to file for bankruptcy Monday, SMBC to provide bridge loan: sources
Reuters
TOKYO (Reuters) - Takata Corp will seek bankruptcy protection from creditors on Monday, two sources said, as the Japanese company faces billions of dollars in liabilities stemming from the biggest recall in automotive history.
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13h Wisconsin one of six U.S. states Foxconn, Sharp considering for plant
Reuters
TAIPEI (Reuters) - Foxconn , the world's largest contract electronics maker, is looking at six U.S. states including Wisconsin as locations for a display-making plant and would make a decision next month, top executives said on Thursday.
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14h Home Capital to get C$2 billion credit facility from Berkshire Hathaway
Reuters
(Reuters) - Canadian lender Home Capital Group Inc said Berkshire Hathaway Inc will provide a new C$2 billion line of credit to its unit Home Trust Co and indirectly buy C$400 million ($300.2 million) of its common shares in a private placement.
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14h Wisconsin one of six states Foxconn, Sharp considering for display plant
Reuters
TAIPEI (Reuters) - Foxconn , the world's largest contract electronics maker, is looking at six U.S. states including Wisconsin as locations for a display-making plant, a top executive said on Thursday.
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14h Why a law to help nurses and firefighters pay back student loans is backfiring
Market Watch
Consumer watchdog accuses student loan companies of preventing public servants from accessing loan forgiveness
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Wanted: A new CEO to remake Uber14h Updated Wanted: A new CEO to remake Uber
USA Today
A new management team still has to contend with eroding brand image — and big questions on its business model.
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15h Asia Markets: Metals help Australian stocks rebound; other Asian markets calm
Market Watch
Australian shares, with a lift from rebounding metals, outperformed other Asian-Pacific equities after U.S. stocks were little changed.
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15h Asian stocks rise as oil tries to claw up from 10-month low
Reuters
SINGAPORE (Reuters) - Asian stocks advanced on Thursday as oil prices struggled to climb off a 10-month low hit overnight on concerns over a supply glut and falling demand.
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16h The New York Post: Trump basks in GOP wins, bashes Democrats at Iowa rally
Market Watch
President Donald Trump took a victory lap in Iowa on Wednesday night — boasting that Republicans were “5-0 in special elections” — after notching wins in South Carolina and Georgia.
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16h Updated Ethereum drops 15% as increased demand sparks fear of growing pains
CNBC
Ethereum fell amid higher demand and worries the currency system may face a divisive debate on how to upgrade its network.
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China factory for Ivanka Trump brand shoes criticized for labor violations16h Updated China factory for Ivanka Trump brand shoes criticized for labor violations
USA Today
China factory that has produced Ivanka Trump brand shoes criticized for labor violations
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Uber CEO ouster just latest in history of investor mutinies17h Updated Uber CEO ouster just latest in history of investor mutinies
USA Today
Uber CEO Travis Kalanick's resignation is just the latest case of investors stepping in.
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17h Toshiba shares slip as it gears up for chip unit sale
Reuters
TOKYO (Reuters) - Shares of Toshiba Corp skidded on Thursday, as the company aims to seal a deal worth some $18 billion by next week for the sale of its chip business needed to cover massive losses.
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17h Asian stocks climb as oil crawls up from 10-month low
Reuters
SINGAPORE (Reuters) - Asian stocks advanced on Thursday as oil prices inched up after hitting a 10-month low overnight on concerns over a supply glut and falling demand, dragging U.S. and European shares lower.
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Kia tops J.D. Power initial quality survey. See how other cars rank18h Updated Kia tops J.D. Power initial quality survey. See how other cars rank
USA Today
South Korean brands scored well in a top auto industry quality survey
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18h Exclusive: Sycamore Partners close to deal to acquire Staples - sources
Reuters
(Reuters) - Private equity firm Sycamore Partners is in advanced talks to acquire Staples Inc following an auction for the U.S. office supplies retailer, people familiar with the matter said on Wednesday, in a deal that could top $6 billion.
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18h Updated Uber CEO Travis Kalanick resigns under investor pressure
Reuters
SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] Chief Executive Travis Kalanick, co-founder of one of the most influential technology companies of its generation, resigned on Tuesday under pressure from investors after a string of setbacks.
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Intel signs Olympics deal to show off drones and virtual reality19h Intel signs Olympics deal to show off drones and virtual reality
USA Today
Intel teams up with the IOC to showcase 5G, VR, 3D, drones, and and other tech during the Olympics
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19h The Wall Street Journal: Kushner talks ‘next steps’ to Middle East peace with Netanyahu, Abbas
Market Watch
President Donald Trump’s son-in-law and senior White House adviser, Jared Kushner, met Wednesday with Israeli Prime Minister Benjamin Netanyahu and his senior advisers to try to advance U.S. efforts to reach an Israeli-Palestinian peace deal.
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19h Oracle profit beats as cloud shift gains steam, shares at record
Reuters
(Reuters) - Oracle Corp's quarterly profit blew past Wall Street estimates and the business software maker forecast an upbeat current-quarter earnings, indicating that the company's transition to cloud is starting to pay off.
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Americans take on this much debt to pay for a vacation20h Updated Americans take on this much debt to pay for a vacation
USA Today
About 74% of Americans have gone into debt to pay for a getaway and on average charge up about $1,100, according to a new study.
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20h Updated S&P, Dow hurt by energy, banks; biotech boosts Nasdaq
Reuters
NEW YORK (Reuters) - The S&P 500 and Dow stock indexes were weighed down by falling energy shares as oil prices fell on Wednesday and added to investor concerns about low inflation, while healthcare and technology stocks helped lift the Nasdaq Composite index.
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5 smart gadgets that make household chores easier20h 5 smart gadgets that make household chores easier
USA Today
Work smarter to cross tasks off your honey-do list.
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Concerns about fidget spinners highlight unsafe toys report20h Updated Concerns about fidget spinners highlight unsafe toys report
USA Today
A consumer watchdog group says those wildly popular fidget spinners aren't as harmless as they might appear.
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21h Updated Deep Dive: This tech fund manager has stellar returns — and says the sector’s valuations are fine
Market Watch
Rahul Narang of Columbia Threadneedle Investments shares his investing philosophy.
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21h Updated Caroline Baum: Service industries could use a disrupter like Amazon
Market Watch
Hear the pain of consumers who wait in vain for the electrician or the contractor to return calls, let alone show up, writes Caroline Baum.
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21h Updated Outside the Box: The U.S. and Iran are headed for a collision in Syria
Market Watch
It’s unclear whether U.S. policy is ready for such an outcome.
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21h Updated BookWatch: To be a better investor, read more good novels
Market Watch
If you are going to bet on how the stock market will move, you better have an appreciation for what drives people, and nothing explains human behavior better than great literature.
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21h Updated Project Syndicate: El-Erian: Time for IMF, eurozone to agree on a real solution for Greek debt crisis
Market Watch
Greek citizens have waited, and suffered, long enough, says Mohamed A. El-Erian, chief economic adviser at Allianz and a former deputy director at the International Monetary Fund.
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21h The Wall Street Journal: Russian cyberattack targeted voting systems in 21 states, U.S. officials say
Market Watch
Russian government hackers targeted voting systems in nearly two dozen states, seeking vulnerabilities to exploit in future elections and aiming to undermine public faith in the integrity and legitimacy of U.S. democratic elections, current and former U.S. officials testified Wednesday.
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21h Updated Earnings Outlook: Nike earnings: Cozying up to consumers in the face of competition from Adidas, Under Armour
Market Watch
Nike Inc. is expected to announce fourth-quarter earnings on June 29, just a couple of weeks after announcing a major reorganization that includes a 2% workforce reduction and a focus on enhancing its direct-to-consumer sales.
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21h NewsWatch: This is the real reason we’re ‘drowning in oil,’ says Ed Yardeni
Market Watch
Yardeni Research’s Ed Yardeni explains what he believes is the real reason the world is suffering from a glut of oil
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21h Bond Report: 30-year Treasury yield sets 7-month low
Market Watch
Treasury yields rose slightly before the release of a key housing number that could help influence the thinking of senior Fed officials as an argument between the bond market and the central bank over the need for further monetary tightening gains apace.
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21h Trump Today: Trump Today: President takes Georgia victory lap, talks terrorism with Saudi prince
Market Watch
President Donald Trump on Wednesday took another victory lap after a Republican election win in Georgia, discussed anti-terrorist strategy with the future leader of Saudi Arabia and stepped up U.S. efforts to protect the nation’s energy grid from cyberattacks.
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George Clooney, partners sell tequila company in $1 billion deal21h Updated George Clooney, partners sell tequila company in $1 billion deal
USA Today
Diageo agrees to pay as much as $1 billion for George Clooney's tequila company, Casamigos.
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21h The Wall Street Journal: Nike to start selling some products directly on Amazon
Market Watch
Nike Inc. has agreed to sell some of its products directly to Amazon.com Inc., a person familiar with the matter said, a concession by the sneaker giant that it can no longer afford to ignore the online retailing behemoth.
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21h Oracle beats profit estimates on cloud push, shares jump
Reuters
(Reuters) - Oracle Corp's quarterly profit blew past analysts' estimates as the business software maker's big push toward cloud-based products and services paid off.
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Why Amazon-Whole Foods may not be a prime union target21h Updated Why Amazon-Whole Foods may not be a prime union target
USA Today
Grocery is heavily unionized, but labor organizers fear Amazon will tilt away from them
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WSJ fires foreign correspondent over ethics conflict21h WSJ fires foreign correspondent over ethics conflict
USA Today
The Wall Street Journal on Wednesday fired its highly regarded chief foreign affairs correspondent after evidence emerged of his involvement in prospective commercial deals — including one involving arms sales to foreign governments
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21h Market Snapshot: Stock market ends mostly lower as oil slumps
Market Watch
Stocks are putting in a mixed performance as investors keep an eye on slumping oil prices.
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21h Currencies: British pound bounces back after sinking to 2-month low
Market Watch
Sterling finds support after sinking to a two-month low versus the greenback.
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Lenovo ThinkPad X270 Laptop Review22h Lenovo ThinkPad X270 Laptop Review
USA Today
No outlet in sight? This laptop can run without ever plugging it in
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22h The Ratings Game: Chesapeake Energy’s stock rocked as oil-price plunge turns analyst bearish
Market Watch
Chesapeake Energy’s stock plunges in active trade after Macquarie turns bearish, citing concerns over lower oil prices and liquidity.
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More teenagers choosing summer studies over jobs22h Updated More teenagers choosing summer studies over jobs
USA Today
The teenage summer job is disappearing as more teenagers focus on their school work, even during the summer.
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22h Updated The Ratings Game: AMD’s stock takes another ‘Epyc’ leap
Market Watch
AMD’s stock rockets on heavy volume, as analysts gave upbeat reviews of the new “Epyc” server chips.
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22h Updated Diageo buys George Clooney’s Casamigos tequila, values brand up to $1 billion
Market Watch
Diageo is adding Casamigos tequila, which was founded by George Clooney, Rande Gerber and Mike Meldman to its portfolio of brands, which includes Ketel One and Johnnie Walker
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22h Updated Biotech stocks are on fire as Obamacare repeal vote looms
CNBC
Biotech has already outperformed the broader market year to date, rising 30 percent in the period.
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22h Updated Oil drops to 10-month low; biggest first-half slide in 20 years
Reuters
NEW YORK (Reuters) - Oil prices ended down more than 2 percent on Wednesday after hitting a 10-month low in volatile trade, as growing U.S. production and reduced Chinese refinery activity fed mounting concern over the stubborn global crude glut.
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22h Outside the Box: 24 money-manager clichés — and what they really mean
Market Watch
Keep digging — these platitudes don’t tell you anything beyond what you want to hear as an investor, says Ben Carlson.
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Higher prices squeezing both renters and would-be homeowners22h Higher prices squeezing both renters and would-be homeowners
USA Today
The tight supply of homes and a shortage of affordable rental housing are still an issue, according to a new report. Here are some major findings documented in the report.
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22h Judge approves temporary stop to DraftKings, FanDuel merger
Reuters
WASHINGTON (Reuters) - A federal judge has approved a temporary halt of a merger between sport fantasy companies DraftKings and FanDuel.
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22h Updated Capitol Report: Donald Trump takes a $100-million tumble on the Bloomberg Billionaires Index
Market Watch
Donald Trump’s net worth has dropped below the $3-billion mark, with Bloomberg placing the blame on three New York buildings, including Trump Tower, that are coming up short of appraisal targets.
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22h Updated Futures Movers: Oil spirals to 10-month low as U.S. crude output climbs
Market Watch
Oil prices fall to the lowest finish in more than 10 months after U.S. government data revealed a rise in domestic crude production, intensifying concerns over the glut of global supplies even as domestic stockpiles fell for a second straight week.
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22h For thousands of U.S. auto workers, downturn is already here
Reuters
LORDSTOWN, Ohio (Reuters) - Wall Street is fretting that the U.S. auto industry is heading for a downturn, but for thousands of workers at General Motors Co factories in the United States, the hard times are already here.
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23h Updated Harley-Davidson enters race to buy Italian rival Ducati: sources
Reuters
LONDON (Reuters) - U.S. motorcycle maker Harley-Davidson is lining up a takeover bid for Italian rival Ducati, potentially bringing together two of the most famous names in motorcycling in a deal that could be worth up to 1.5 billion euros ($1.67 billion), sources told Reuters.
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Camp comfortably this summer with up to 61% off camping gear on Amazon23h Camp comfortably this summer with up to 61% off camping gear on Amazon
USA Today
Camping can be comfortable with the right camping gear, and you can take advantage of Amazon's Deal of the Day on Klymit sleeping pads, pillows, and more before your big excursion.
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Intel to showcase 5G, VR, drones during Olympics23h Updated Intel to showcase 5G, VR, drones during Olympics
USA Today
Intel teams up with the IOC to showcase 5G, VR, 3D, drones, and and other tech during the Olympics
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23h Exclusive: Qatar sovereign fund moves stakes to government, may sell assets - sources
Reuters
DOHA (Reuters) - Qatar's sovereign wealth fund has transferred over $30 billion worth of its domestic equity holdings to the finance ministry and may sell other assets as part of a restructuring drive, people familiar with the matter told Reuters.
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American Airlines to seek new uniform maker after illness complaints23h American Airlines to seek new uniform maker after illness complaints
USA Today
Some of the carrier’s workers - mostly flight attendants - complained something in the new uniforms was making them ill.
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23h Updated Boris Becker, who made over $25 million as a tennis player, is declared bankrupt
Market Watch
“He is not a sophisticated individual when it comes to finances,” his lawyer said.
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23h Updated Adobe Is a Bright Spot in the Cloud
The Wall Street Journal
Adobe has proven that the cloud can have a silver lining. The cloud software company has grown per-share earnings on a year-over-year basis every quarter for the last three years -- and that’s based on generally accepted accounting principles.
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23h Financial advice from the man drafted one spot after Peyton Manning
Market Watch
Ryan Leaf was selected No. 2 in the 1998 NFL draft. He’s learned many life — and financial — lessons since then.
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23h Key Words: Ed Snowden talks with Ron Paul about the ‘deep state’ and who’s really in control
Market Watch
Trump supporters have been outspoken about how the so-called deep state has been working behind the scene to undermine the president. But what exactly is the deep state and is it really even a thing?
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23h Apple adds Virgin to U.S. carrier lineup as Virgin ditches Android
Reuters
(Reuters) - Apple Inc will soon start selling wireless plans from Virgin Mobile USA, the first new carrier offered by the iPhone maker's since 2013, the companies said on Wednesday.
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23h Market Extra: This ‘irrational exuberance’ indicator could spell trouble for the stock market
Market Watch
The current setup of the market when few believe it’s trading at a bargain but nearly all expect it to be higher next year is a recipe for trouble if earnings or economic data disappoint, according to analysts at Bespoke Investment Group
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23h Why this leading shareholder advisory firm is now studying climate change
CNBC
Institutional Shareholder Services has been aggressively investing in companies that analyze social and environmental risks to businesses.
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Customer satisfaction: Full-service restaurants have a big problem23h Customer satisfaction: Full-service restaurants have a big problem
USA Today
A new report shows that the industry's biggest problems may not be easy to fix.
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24h Twitter shares pop 6.5% on report of strong advertiser outlook
CNBC
Twitter shares popped Wednesday after a research firm said advertisers gave "more constructive" feedback on the social media company's strategy.
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24h Oil tumbles again as analysts start to throw in the towel
CNBC
Analysts are still forecasting average oil prices of $60 this year. It is now clear that is not going to happen.
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24h Metals Stocks: Gold rebounds after 2-session drop to lowest since mid May
Market Watch
Gold prices end higher Wednesday, rebounding from what was their lowest settlement in five weeks a day earlier, as the dollar eased, boosting the appeal of haven investments.
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24h Updated Rampaging Oil Bears Are Missing Half the Picture
The Wall Street Journal
Oil has a U.S. supply problem, but unlike in previous downturns, demand still looks firm—for now.
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Kia tops J.D. Power initial quality survey. See how other cars rank.24h Kia tops J.D. Power initial quality survey. See how other cars rank.
USA Today
Two South Korean brands gained top spots in one of the auto industry's most closely watched quality surveys
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24h Updated Key Words: Uber wants Facebook’s Sheryl Sandberg to take the wheel after CEO Travis Kalanick bails out
Market Watch
Sheryl Sandberg, Facebook’s acclaimed chief operating officer, reportedly tops Uber’s list to replace lightning-rod chief executive Travis Kalanick, who surrendered his job overnight in the midst of a shareholder revolt over company management.
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This teen is reportedly earning 24K doing this as his summer Job24h This teen is reportedly earning 24K doing this as his summer Job
USA Today
Some teenagers think of summer as snoozing in till Noon, others use the extra months to earn some serious cash. Angeli Kakade (@angelikakade) has the story.
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24h Updated Earnings Outlook: Oracle earnings: Time for results to match the bluster
Market Watch
Oracle Corp. has been talking about the strength of its cloud transition for years, but analysts believe the software giant is ready to actually show its cards.
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24h Updated Financial advice from the man selected right after Peyton Manning
Market Watch
Ryan Leaf was selected No. 2 in the 1998 NFL draft. He’s learned many life — and financial — lessons since then.
 Like Reply
24h On the very day of a Senate hearing on drug costs, the prices of these common generics were raised as much as 85%
Market Watch
The price hikes speak to why drug prices keep rising, and why it’s so hard to find out who is behind it.
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24h The Wall Street Journal: Anthem will pull out of Obamacare exchanges in Wisconsin and Indiana
Market Watch
The health insurer said the individual market was “shrinking and deteriorating.”
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Tesla self-driving car software chief exits after six months25h Updated Tesla self-driving car software chief exits after six months
USA Today
Tesla's self-driving car software team is getting a new boss after the latest person in the job lasted only about six months.
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25h Argentine peso hits record low on MSCI disappointment, stocks fall 5%
CNBC
Argentina's stock market hit by MSCI disappointment, with the Merval index falling nearly 5 percent.
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Kia, Genesis, Porsche top J.D. Power car quality study25h Kia, Genesis, Porsche top J.D. Power car quality study
USA Today
Two South Korean brands gained top spots in one of the auto industry's most closely watched quality surveys
 Like Reply
25h Currencies: British pound consolidates after sinking to 2-month low
Market Watch
Sterling finds support after sinking to a two-month low versus the greenback.
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25h Intel looks to revamp Olympic Games with virtual reality and other technologies
Market Watch
Intel Corp. and the International Olympic Committee said on Wednesday the chip maker will become a world-wide sponsor of the Olympic Games through 2024 in a partnership to bring technologies, such as virtual reality, 360 video and artificial intelligence to the Olympic viewing experience.
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25h Americans are treating their beds like couches — here’s why that’s a problem
Market Watch
60% of people now prefer to watch television or movies in bed rather than on the couch.
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25h Nasdaq boosted by biotechs; energy, banks weigh on Dow, S&P
Reuters
(Reuters) - The Nasdaq Composite index was higher in early afternoon trading on Wednesday, boosted by biotechnology stocks, while the Dow Jones Industrial Average and the S&P 500 were dragged lower by energy and bank shares.
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25h The Tell: S&P 500 companies slash share buybacks despite record cash levels
Market Watch
Despite strong earnings and record levels of cash on balance sheets, large U.S. companies are spending less money on share repurchases, according to S&P Dow Jones Indices
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What to do when your emergency fund runs out25h What to do when your emergency fund runs out
USA Today
You’ve cut spending to the bone, sold excess stuff and hustled every side gig imaginable. But your emergency fund is on fumes.
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25h Updated The Wall Street Journal: Forget ping pong, this is the hot new work perk
Market Watch
More employers are trying to teach employees financial basics, and are offering personalized coaching on financial matters.
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Jaguar teases new E-PACE compact SUV25h Updated Jaguar teases new E-PACE compact SUV
USA Today
Jaguar plans to introduce a new vehicle in the auto industry's hottest segment: compact sport-utility vehicles.
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25h London Markets: FTSE 100 ends lower as oil prices fall, pound climbs on rate-hike hopes
Market Watch
U.K. energy shares fall Wednesday as oil prices drop into a bear market, while the pound advances on hawkish comments by the Bank of England’s chief economist
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Popular Washington D.C. ice cream shop owner balances motherhood, a thriving business25h Popular Washington D.C. ice cream shop owner balances motherhood, a thriving business
USA Today
Ice Cream Jubilee, a popular D.C. sweet treat shop, is entering its first summer with two locations.
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26h Updated Metals Stocks: Gold prices rise from 5-week lows as dollar eases
Market Watch
Gold prices crawl higher Wednesday from what was their lowest settlement in five weeks a day earlier, as the dollar eased, boosting the appeal of haven investments.
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26h Updated Europe Markets: France’s CAC slides as key Macron ally departs, pulling European stocks lower
Market Watch
European stocks close lower Wednesday, as the energy sector was dragged down by sliding oil prices and as the departure of a key ally of President Emmanuel Macron hit French equities.
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26h Updated MSCI Inclusion Should Intensify Scrutiny of Chinese Shares
The Wall Street Journal
China has won a longed-for trophy with admission of its domestically-listed stocks to MSCI’s global benchmarks. Don’t hold your breath that it will lead to a more open market.
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26h Tesla hires AI expert to help lead team in charge of self-driving software
Market Watch
Tesla has hired a Stanford computer science to play a role on its Autopilot division.
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26h This is what siblings argue about when it comes to money
Market Watch
Fights are usually about caregiving, inheritance and how to support mom and dad.
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26h Capitol Report: Why Karen Handel — and President Trump — won and Jon Ossoff lost Georgia congressional race
Market Watch
Here are six key takeaways from the most expensive congressional race in U.S. history. Democrats are in the dumps after their latest loss and President Trump is gleeful, but Republicans are still on thin ice.
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26h Oil slips, headed for weakest first half in two decades
Reuters
NEW YORK (Reuters) - Oil prices slipped on Wednesday despite a larger-than-expected decline in U.S. crude and gasoline inventories, as investors remained concerned about high global crude output and the nagging supply glut.
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26h Updated NewsWatch: These stocks may be ready to pick up the bullish baton from techs
Market Watch
The last thing investors need to worry about is a meltdown for oil. But investors may take comfort in the fact that one hefty S&P 500 sectors is showing signs of life, and could give this bull market a heave ho higher.
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26h When should you convert to a Roth IRA?
Market Watch
Before trying to understand the many rules surrounding Roth conversions, first ask if a Roth conversion is worthwhile.
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26h The New York Post: FBI: Congressional baseball practice shooter acted alone
Market Watch
The FBI on Wednesday said the Illinois man who opened fire on Republican lawmakers at a baseball field “acted alone.”
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How much should you tip your delivery driver?26h Updated How much should you tip your delivery driver?
USA Today
To tip or not to tip? That's the question on a lot of customer's minds.
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Are you tipping your deliver driver enough?26h Are you tipping your deliver driver enough?
USA Today
How much is the right amount to tip your delivery driver. Buzz60's Sam Berman has the full story.
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26h Futures Movers: Oil pulls back as U.S. crude supply falls, but output climbs
Market Watch
Oil prices turn slightly lower after U.S. government data reveal a second weekly decline in a row for crude inventories, along with a rise in domestic production.
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26h Nasdaq boosted by biotechs; banks weigh on Dow, S&P
Reuters
(Reuters) - The Nasdaq Composite index was higher in late morning trading on Wednesday, boosted by biotechnology stocks, while the Dow Jones Industrial Average and the S&P 500 were dragged lower by financial stocks.
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26h Updated 75% of Americans have done this to pay for a vacation
Market Watch
It could be putting their retirement savings in jeopardy.
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Walmart wants its partners off Amazon web services27h Walmart wants its partners off Amazon web services
USA Today
As the war between Walmart Stores Inc. and Amazon.com Inc. heats up following Amazon's acquisition of Whole Foods Market , Walmart wants its tech partners to get off of Amazon Web Services. Full Story: Walmart to Tech Industry: Get Off Amazon's Cloud, Or Else More of What's Trending on TheStreet: 10 Great Dividend Stocks to Own Should the Surging Stock Market Plunge This Summer Costco Sees an Extremely Damaging Flush In Aftermath of Amazon's Big Whole Foods Deal 'Walmart Rx' Takes Center Stage as Walgreens Rite Aid Saga Nears Homestretch Video provided by TheStreet
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27h Airbus to fit ejectable black boxes to A350 from 2019
Reuters
PARIS (Reuters) - European planemaker Airbus will fit ejectable flight recorders to its long-range A350 jets from 2019, meaning they could float in the event of a crash at sea, the company said on Wednesday.
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27h Updated Trump Plan a Potential Bonanza for Trust Banks
The Wall Street Journal
Custody banks like Bank of New York Mellon and State Street would benefit from Trump’s deregulation plans.
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Uber CEO Travis Kalanick resigns amid mounting pressure from investors27h Updated Uber CEO Travis Kalanick resigns amid mounting pressure from investors
USA Today
The embattled CEO was asked to leave by some of the biggest investors in the company.
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27h Economic Report: Existing-home sales rebound in May despite record-low supply
Market Watch
Sales of previously owned homes beat economist forecasts in May even though low supply continues to hamper the market.
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27h Broadcom backs away from $20 billion bid for Toshiba chip business
CNBC
Broadcom backs away from a $20 billion bid for rival Toshiba's memory chip business.
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Queen Elizabeth outlines U.K. government agenda in scaled-down speech28h Queen Elizabeth outlines U.K. government agenda in scaled-down speech
USA Today
Queen Elizabeth II outlined the government's legislative program in a speech to Parliament on Wednesday after the prime minister slimmed down her plans and promised "humility" in negotiating Britain's exit from the European Union.
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Uber hits some mammoth potholes28h Uber hits some mammoth potholes
USA Today
Uber faces a lawsuit over self-driving technology, sexual harassment claims and allegations of a toxic corporate culture
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Turmoil in Washington: Should investors be nervous?28h Turmoil in Washington: Should investors be nervous?
USA Today
Why The Motley Fool says shareholders need to take a longer view
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5 things to ask yourself before starting your own business28h 5 things to ask yourself before starting your own business
USA Today
Many aspire to be their own bosses, but these days more Americans are making that dream a reality.
 Like Reply
28h Market Snapshot: Stock market struggles to return to record territory
Market Watch
Stocks are putting in a mixed performance as investors keep an eye on slumping oil prices.
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28h U.S. existing home sales unexpectedly rise in May
Reuters
WASHINGTON (Reuters) - U.S. home resales unexpectedly rose in May to the third highest monthly level in a decade and a chronic inventory shortage pushed the median home price to an all-time high.
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28h Wall St. slightly higher on healthcare; oil steadies
Reuters
(Reuters) - U.S. stocks opened higher on Wednesday as healthcare stocks rose and oil prices steadied but gains were limited as the commodity continued to hover near seven-month lows.
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28h Bond Report: Treasury yields travel higher ahead of key housing number
Market Watch
Treasury yields rose slightly before the release of a key housing number that could help influence the thinking of senior Fed officials as an argument between the bond market and the central bank over the need for further monetary tightening gains apace.
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28h Updated Toshiba picks Bain-Japan government group to buy chip unit, big hurdles remain
Reuters
TOKYO (Reuters) - Toshiba Corp has chosen a consortium of Bain Capital and Japanese government investors as the preferred bidder for its chip business, aiming to seal a deal worth some $18 billion by next week as it scrambles for funds to cover massive losses.
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29h Updated Need to Know: These stocks may be ready to pick up the bullish baton from techs
Market Watch
The last thing investors need to worry about is a meltdown for oil. But investors may take comfort in the fact that one hefty S&P 500 sectors is showing signs of life, and could give this bull market a heave ho higher.
 Like Reply
29h Oil headed for weakest first-half performance in two decades
Reuters
LONDON (Reuters) - Oil was mostly flat on Wednesday, after paring earlier losses, but was set for its biggest price drop in the first half of the year since 1997, a sign that investors are discounting evidence that major producers are sticking to a deal to cut output.
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29h U.S. home refinancing activity climbs to seven-month high: MBA
Reuters
NEW YORK (Reuters) - U.S. applications to refinance an existing home reached a seven-month peak last week as mortgage rates were unchanged to higher, the Mortgage Bankers Association said on Wednesday.
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29h Updated Avocado Toast Looks a Better Bet Than Australian Housing
The Wall Street Journal
Australia’s housing market is particularly vulnerable as Chinese buyers are stymied by capital controls.
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29h Updated What Virtual Reality Needs to Get Real
The Wall Street Journal
High-end VR hasn’t created a large enough installed base of customers for game publishers to commit major development dollars. And without must-have games, virtual reality just won’t break out of its niche.
 Like Reply
29h Your first trade for Wednesday, June 21
CNBC
The "Fast Money" traders share their first moves for the first day of summer.
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29h Quitting Tobacco Stocks Is Easier at These Prices
The Wall Street Journal
Another big investor is giving up cigarettes. Regret has stalked similar decisions in the past, but the timing looks better this time.
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29h Futures Movers: Oil turns slightly higher as traders await fresh U.S. supply data
Market Watch
Oil futures reverse a decline to turn slightly higher as investors await an update on U.S. inventory levels and Iran’s oil minister says the Organization of the Petroleum Exporting Countries are weighing deeper production cuts.
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29h Wall St. set to open slightly higher as oil steadies
Reuters
(Reuters) - U.S. stocks were set to open slightly higher on Wednesday as oil prices steadied but continued to hover near seven-month lows and were on track for their biggest slide in the first half of any year since 1997.
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29h Updated 15 jaw-dropping predictions for workers over 50
Market Watch
Older workers will be surprisingly attractive to many employers. Here’s why.
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29h Next Avenue: Don’t let an ugly divorce ruin your finances
Market Watch
A software tool uses economics to calculate an equitable settlement, without running up legal fees.
 Like Reply
29h Market Snapshot: U.S. stock-index futures point to lackluster open
Market Watch
U.S. stocks are set for a second straight day in negative territory, as a recent selloff in oil prices is zapping the investment mood and raising concerns more losses could be in store.
 Like Reply
29h Updated Money can buy happiness, if you spend it right
Market Watch
it may be possible to get a bigger bang for your “happiness” buck—It’s all about how you spend your resources.
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29h Updated Complete this 11-point exercise and learn when you can retire
Market Watch
And afterward, craft an action plan, says Paul A. Merriman.
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Her parents taught her to save, now she plans to retire at 4029h Her parents taught her to save, now she plans to retire at 40
USA Today
A 32-year-old saver says, 'Live in the now, but plan for the future.'
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29h Updated The secret to investing isn’t much of a secret
Market Watch
'Closet indexers' massively overpay for investment advice.
 Like Reply
29h Updated Do you need to pay off your mortgage before you retire?
Market Watch
For some people it’s better to keep that debt.
 Like Reply
29h Updated How to protect your family members — or yourself — from elder abuse
Market Watch
Financial mistreatment is one of the most commonly reported form of abuse.
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Fed-up with your cable company? Consumer Reports survey confirms you are not alone29h Updated Fed-up with your cable company? Consumer Reports survey confirms you are not alone
USA Today
Most pay-TV providers do a poor job of leaving their customers feeling like their service is worth the money, according to the latest ratings from Consumer Reports.
 Like Reply
29h Oil flat as bulls discount OPEC cuts, set for worst H1 since 1997
Reuters
LONDON (Reuters) - Oil steadied on Wednesday, paring earlier losses, but was set for its largest price slide in the first half of any year for the past two decades, as investors discounted evidence of strong compliance by major producers with a deal to cut global output.
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30h The Wall Street Journal: Queen outlines U.K.’s Brexit goals in speech to hung parliament
Market Watch
Britain’s Queen Elizabeth II unveils the Conservative government’s legislative agenda, including the negotiating aim in Brexit talks, as the government still works to reach a policy-support deal with Northern Ireland lawmakers.
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30h Lockheed wins U.S. Air Force deal for radar threat simulators
Reuters
PARIS (Reuters) - Lockheed Martin Corp said on Wednesday it had won a $104 million U.S. Air Force contract to develop, produce and field a threat simulator to train combat aircrews to recognize and deal with rapidly evolving threats, such as surface-to-air missiles.
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30h Updated Airbus scoffs at Boeing wins, plays down bounce-back hopes
Reuters
PARIS (Reuters) - Airbus sales chief John Leahy scoffed at Boeing's claims about the efficiency of a new 737 jet that has been grabbing orders and headlines at the Paris Airshow, but played down expectations of a last-minute comeback to win the event.
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30h Updated How the Republican health plan could hurt those with employer health insurance
Market Watch
Nearly 30 million people could lose important financial protections.
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30h Updated Avoid these chemicals found in everything from shampoo to kitchen counters: 200 scientists
Market Watch
The scientists call for the labeling of all products containing triclosan, triclocarban and other antimicrobials.
 Like Reply
30h Capitol Report: Trump gets lift from easy Republican win in Georgia | Senate GOP hits gas on bill to repeal Obamacare
Market Watch
President Donald Trump’s hopes of steadying his presidency got a lift Tuesday when a Republican easily won a special congressional election in Georgia. Plus, Senate GOP pushes ahead on Obamacare repeal and wants a July vote on debt-ceiling increase.
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Dogs in the workplace: Good for you, your employees, your bottom line30h Dogs in the workplace: Good for you, your employees, your bottom line
USA Today
You’ll help the dogs, and the dogs will help you through the rough, rough world of business.
 Like Reply
30h Updated El Al to buy three more Boeing Dreamliners for $729 million
Reuters
JERUSALEM (Reuters) - El Al Israel Airlines is buying three more Boeing 787 Dreamliners in a deal worth more than $729 million, firming up additional commitments made in 2015, the companies said on Wednesday.
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30h Oil falls as bulls discount OPEC cuts, set for worst H1 since 1997
Reuters
LONDON (Reuters) - Oil steadied on Wednesday, paring earlier losses, but was set for its largest price slide in the first half of any year for the past two decades, as investors discounted evidence of strong compliance by major producers with a deal to cut global output.
 Like Reply
31h Market Snapshot: U.S. stocks set for 2nd day in red as oil extends bear-market tumble
Market Watch
U.S. stocks are set for a second straight day in negative territory, as a recent selloff in oil prices is zapping the investment mood and raising concerns more losses could be in store.
 Like Reply
31h Stock futures lower as oil hovers near seven-month lows
Reuters
(Reuters) - U.S. stock index futures were lower on Wednesday as oil prices hovered near seven-month lows and were headed for their largest slide in the first half of any year since 1997.
 Like Reply
Learn this now and retire a millionaire31h Learn this now and retire a millionaire
USA Today
When it comes to interest, don’t take your time. Start doing this now so you can retire in style.
 Like Reply
31h The Wall Street Journal: Russia election hacking hearings to focus on state level
Market Watch
The Senate and House intelligence committees on Wednesday will hold two open hearings examining Russian hacking efforts during the 2016 election, featuring testimony from current and former Department of Homeland Security and Federal Bureau of Investigation officials as well as state election directors.
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31h Asia Markets: Global oil slump weighs on Asian shares, but China equities outperform
Market Watch
Stocks fell across the Asia-Pacific region Wednesday, as global price declines for oil hurt energy companies, though equities in China were resilient after MSCI Inc. said it would include Chinese stocks in its emerging-markets index.
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How a Millennial plans to retire at age 4031h Updated How a Millennial plans to retire at age 40
USA Today
A 32-year-old saver says, 'Live in the now, but plan for the future.'
 Like Reply
31h The Wall Street Journal: Comcast’s NBC Sports jumps on Spanish-language esports bandwagon
Market Watch
Comcast Corp.’s NBC Sports plans to announce Wednesday it will televise an esports tournament later this summer, the latest broadcaster turning to competitive videogaming to grow viewership at a time when many consumers are cutting the cord.
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31h Updated China shares get MSCI nod in landmark moment for Beijing
Reuters
NEW YORK/HONG KONG (Reuters) - China's stocks took a major step toward global acceptance on Wednesday, finally winning a long campaign for inclusion in a leading emerging markets benchmark, in what was seen as a milestone for global investing.
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Powell: How to make your own financial wellness program31h Powell: How to make your own financial wellness program
USA Today
What if you don’t have a financial wellness program at work? Well, you’ll have to build your own.
 Like Reply
31h Brexit one year after vote: Here are the 5 possible scenarios for the EU divorce
Market Watch
Almost a full year after the U.K.’s Brexit referendum, the divorce talks between Brussels and Britain finally kicked off this week, but the outcome of the final agreement remains extremely uncertain.
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Uber to allow tipping for drivers31h Updated Uber to allow tipping for drivers
USA Today
On Tuesday, Uber Technologies Inc. will, for the first time, allow drivers to collect tips through the Uber smartphone app.
 Like Reply
31h The Wall Street Journal: Theranos, Walgreens to settle lawsuit for less than $30 million
Market Watch
A seven-year relationship between Theranos Inc. and Walgreens that soured into a costly feud for the drugstore giant will soon come to a close.
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Oil prices hit the skids, slips back into bear territory32h Oil prices hit the skids, slips back into bear territory
USA Today
After climbing to a recent peak of $54.45 per barrel Feb. 23, the price of U.S.-produced crude has tumbled more than 20% to $43.23.
 Like Reply
32h Currencies: Pound hits 2-month low as doubts over support for U.K. government weigh
Market Watch
The dollar rose against the pound Wednesday, pushing the British currency to its lowest in two months as the Conservative Party struggled to find political support as the new legislative season opens with a hung parliament.
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32h Market Snapshot: U.S. stocks set for 2nd day in red as oil continues to roil markets
Market Watch
U.S. stocks are set for a second straight day in negative territory, as a recent selloff in oil prices is zapping the investment mood and raising concerns more losses could be in store.
 Like Reply
32h Updated Toshiba picks Japan government-Bain group to buy chip unit, big hurdles remain
Reuters
TOKYO (Reuters) - Toshiba Corp has chosen a consortium of Japanese government investors and Bain Capital as the preferred bidder for its chip business, aiming to seal a deal worth some $18 billion by next week as it scrambles for funds to cover massive losses.
 Like Reply
33h Oil falls as bulls discount OPEC cuts, set for worst first-half since 1997
Reuters
LONDON (Reuters) - Oil fell to seven-month lows on Wednesday, set for its largest price slide in the first half of any year for the past two decades, as investors discounted evidence of strong compliance by OPEC and non-OPEC producers with a deal to cut global output.
 Like Reply
33h Don’t let an ugly divorce ruin your finances
Market Watch
A software tool uses economics to calculate an equitable settlement, without running up legal fees.
 Like Reply
33h Updated Uber CEO Travis Kalanick steps down after shareholder revolt
Market Watch
Travis Kalanick, who co-founded ride-sharing service Uber, has stepped down from his post as chief executive officer after pressure from major shareholders and after allegations of sexual harassment at the company.
 Like Reply
33h The Wall Street Journal: France’s justice minister François Bayrou, a key Macron ally, quits government
Market Watch
The departure of François Bayrou deprives French President Emmanuel Macron of a key ally who rallied centrists to his campaign, as other Mouvement Démocrate government members head out the door.
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33h Op-Ed: Why this investing model makes sense for real estate in Asia
CNBC
When thinking of investing in Asian real estate, investors should take a close look at opportunities in mezzanine debt, says InfraRed NF's Stuart Jackson.
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33h Oil spill sends global stocks, bond yields sliding
Reuters
LONDON (Reuters) - A renewed slump in oil prices to seven-month lows dragged down world stocks on Wednesday and flattened bond curves as bets that inflation and interest rates will stay lower for even longer began to build again.
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34h Emirates looking at Saudi Arabia to make up for drop in U.S. demand
Reuters
PARIS (Reuters) - Emirates, the Middle East's largest airline, is looking to the region's biggest economy, Saudi Arabia, to help make up for a drop in demand that has forced it to keep five aircraft grounded.
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34h London Markets: FTSE 100 pulled lower with oil prices, Queen’s Speech in focus
Market Watch
U.K. stocks slipped Wednesday, with energy shares lower as oil prices fell further into a bear market, while investors are looking forward to hearing the government’s agenda even as the Conservative Party has yet to secure a support deal.
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34h Futures Movers: Crude futures slide deeper into bear market, eyeing $43 a barrel
Market Watch
Money managers had placed a record number of bets that oil would rise even after topping $50, but that optimism has since led to strong downside momentum as those traders backtrack.
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34h Airbus sales chief plays down prospect of blockbuster order
Reuters
PARIS (Reuters) - Airbus sales chief John Leahy on Wednesday played down expectations of a last-minute blockbuster order to win the Paris Airshow, while dismissing a flurry of deals for a new Boeing jet as the result of heavy conversions from existing models.
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34h Updated Futures Movers: Oil finishes at a 9-month low, in bear-market territory
Market Watch
Oil finishes Tuesday at its lowest level since mid September, with prices sinking into bear-market territory as investors remain concerned that rising output from the U.S. and Libya will offset OPEC-led production cuts.
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34h Emirates sees demand returning on U.S. routes weakened by Trump policies
Reuters
PARIS (Reuters) - Emirates, the Middle East's largest airline, is seeing a return in demand on routes to the United States that it had started to retreat from in May, President Tim Clark said on Wednesday.
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35h Oil languishes near multi-month lows on glut fears
Reuters
TOKYO (Reuters) - Oil prices held near multi-month lows on Wednesday as investors discounted evidence of strong compliance by OPEC and non-OPEC oil producers with a deal to cut a global output.
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Uber CEO Travis Kalanick resigns35h Updated Uber CEO Travis Kalanick resigns
USA Today
The embattled CEO was asked to leave by some of the biggest investors in the company.
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35h Updated Uber adds tipping to its app as it tries to make broader changes to its culture
Market Watch
Amid an effort to turn around its brand, Uber Technologies Inc. said that it has added a tipping option to its app, starting in Seattle, Minneapolis and Houston Tuesday.
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35h Updated Uber has lost its inevitability, and that may hurt the company most of all
Market Watch
As Uber faces a cultural reinvention, the executives who established its real edge will be gone as Apple, Tesla, General Motors-backed Lyft and others redefine the ride-share business to accommodate driverless cars, says Tim Mullaney.
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35h Lyft has been quietly catching up to Uber
Market Watch
Uber Technologies Inc.’s misfortune’s may have created an opening for its underdog rival Lyft Inc. to take greater market share.
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35h Global M&A activity is slowing, but Japanese firms are aggressively acquiring overseas
CNBC
Japanese firms will continue to acquire overseas assets more aggressively to increase their market share in the global economy, a JPMorgan report says.
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35h Updated After Uber’s sexual harassment probe, why such lawsuits haven’t fallen since the 1990s
Market Watch
Allegations of misconduct have not improved substantially since Anita Hill’s testimony 25 years ago.
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36h Uber co-founder Kalanick resigns as chief executive
Reuters
(Reuters) - Uber Technologies Inc co-founder Travis Kalanick stepped down as chief executive of the ride-hailing service, following intense pressure from investors, a company spokesman said on Wednesday.
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36h Oil slump spooks investors; China stocks get MSCI nod
Reuters
SYDNEY (Reuters) - A renewed slump in oil prices to seven-month lows put Asian investors on edge on Wednesday, overshadowing a decision by U.S. index provider MSCI to add mainland Chinese stocks to one of its popular benchmarks.
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Uber CEO Traivs Kalanick resigns: report36h Uber CEO Traivs Kalanick resigns: report
USA Today
The embattled CEO was asked to leave by some of the biggest investors in the company.
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36h Uber co-founder Travis Kalanick resigns as chief executive: NYT
Reuters
(Reuters) - Uber Technologies Inc co-founder Travis Kalanick stepped down as chief executive of the ride-hailing service, the New York Times reported on Wednesday.
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36h Asian central banks have cause to keep holding rates while the Fed hikes
Reuters
(Reuters) - Asian central banks have not blinked since the Federal Reserve raised U.S. rates for the third time in six months last week.
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37h The Wall Street Journal: Saudi king names son as new crown prince in royal shake-up
Market Watch
Saudi Arabia’s new crown prince, Mohammed bin Salman, known by his initials MbS, is seen as the architect of Saudi Arabia’s attempt to overhaul the kingdom’s oil-dependent economy.
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37h Updated Oil slump spooks investors; China stocks underwhelmed by MSCI
Reuters
SYDNEY (Reuters) - A renewed slump in oil prices to seven-month lows put Asian investors on edge on Wednesday, overshadowing a decision by U.S. index provider MSCI to add mainland Chinese stocks to one of its popular benchmarks.
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37h Futures Movers: Crude futures hold steady after falling into a bear market
Market Watch
Money managers had placed a record number of bets that oil would rise even after topping $50, but that optimism has since led to strong downside momentum as those traders backtrack.
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38h Changing of the guard: China Vanke founder Wang Shi steps down
Reuters
HONG KONG (Reuters) - China Vanke Co Chairman Wang Shi, one of the best known people in Chinese business, will step down from the board after a years-long power struggle saw the nation's No.2 property developer fall under state control.
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