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49m Updated U.S. inflation path since 2012 is worrisome, policymaker says
Reuters
TOKYO (Reuters) - The current level of U.S. prices is noticeably lower than what it would be if the Federal Reserve had delivered on its 2-percent inflation target, St. Louis Federal Reserve President James Bullard said, calling the trend "worrisome."
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Financial News Online

Currencies in USD
GBP 1,30 0,000%
EUR 1,12 +0,178%
CHF 1,03 +0,389%
1h 26m Asia Markets: Nikkei slips below 20,000, Aussie stocks also fall on weak oil prices
Market Watch
Underperformance has become the norm of late, with Japan’s Nikkei Stock Average stalling just below 20,000, a level it hasn’t reached since December 2015.
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1h 33m Updated OPEC disappointment hits oil, stocks; sterling down on UK vote jitters
Reuters
SINGAPORE (Reuters) - Oil prices weakened on Friday, prompting a move away from riskier assets and depressing Asian stocks, after an OPEC agreement to extend cuts in crude production for a further nine months disappointed investors who had bet on bigger output cuts.
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1h 55m The Wall Street Journal: Trump wants an investigation into leaks over Manchester terror attack
Market Watch
The president said leaking sensitive information has been happening for a long time and vowed on Thursday to “get to the bottom of this.”
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2h The Wall Street Journal: Republican Greg Gianforte wins Montana special election despite assault charge
Market Watch
Greg Gianforte, a tech entrepreneur and political novice, wins hotly contested Montana special election, despite facing an 11th-hour charge of assaulting a reporter.
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2h Updated Oil drops after OPEC-led output cut extension falls below expectations
Reuters
SINGAPORE (Reuters) - Oil extended falls on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs.
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2h The Wall Street Journal: Jared Kushner will cooperate in probe over Russian interference in U.S. election
Market Watch
FBI agents would eventually like to speak to senior White House aid Jared Kushner about his meetings in December with a Russian ambassador and banker
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3h California says VW clean car spending plan has shortcomings
Reuters
SAN FRANCISCO (Reuters) - California regulators said Volkswagen AG's spending plan on clean vehicle infrastructure had shortcomings and that it lacked details on how it would help disadvantaged communities as well as promote hydrogen fuel cell technology.
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3h Citi cuts Lenovo earnings outlook on higher costs, but other analysts remain neutral
CNBC
Citi analysts expect rising components costs to put pressure on Lenovo's margin.
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3h Forget New York or San Francisco, Chinese investors are looking at balmy Miami
CNBC
Despite tight capital control measures from Beijing, Miami has emerged as a safe haven for Chinese investors in the U.S.
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3h Republican charged in assault on reporter leads in bellwether Montana congressional race
Market Watch
DRepublican Greg Gianforte, who became embroiled in a last-minute tempest over his alleged assault of a newspaper reporter, held a solid lead over Democrat Rob Quist, a folk singer and songwriter who wears a trademark Stetson hat, in a special election in Montana to fill a vacant U.S. House of Representatives seat late Thursday.
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4h U.S. court fines UPS $247 million over illegal cigarette shipments
Reuters
(Reuters) - A federal judge ordered United Parcel Service Inc to pay nearly $247 million in damages and penalties for "illegally shipping" large volumes of untaxed cigarettes in New York state and City, a court filing showed on Thursday.
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4h Early vote shows tight race in bellwether Montana congressional race
Market Watch
Democrat Rob Quist, a folk singer and songwriter who wears a trademark Stetson hat, held the early lead Thursday night in a special congressional election in Montana in which the Republican candidate, Greg Gianforte, became embroiled in a last-minute tempest over his alleged assault of a newspaper reporter.
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OPEC agrees to extend oil production cuts5h Updated OPEC agrees to extend oil production cuts
USA Today
The cartel is seeking to regain market power amid a surge of U.S. shale output.
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How I became a political commentator: Jessica Tarlov5h How I became a political commentator: Jessica Tarlov
USA Today
Jessica Tarlov says to know your worth -- and ask for it.
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5h Updated Memorial Day Weekend is No. 1 for fatal traffic accidents
Market Watch
This weekend, traffic could hit a new high.
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5h Updated The lower your self-esteem, the higher your credit card fees
Market Watch
New research says platinum credit cards are more popular than those with identical benefits.
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5h Updated Costco versus Amazon Prime — which membership offers more value?
Market Watch
Preferences for one over the other tend to vary with age.
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5h Updated Where do you get better deals — Costco or Amazon?
Market Watch
Sometimes it’s important to see and feel the product in person.
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5h Read this before jumping into a swimming pool this summer
Market Watch
The Centers for Disease Control and Prevention has issued a warning about recreational water.
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5h Updated Eating chocolate may be good for your heart (and your relationship)
Market Watch
This research looked at the eating habits and cardiovascular histories of 55,500 people.
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6h Oil remains weak after OPEC-led output cut extension falls below expectations
Reuters
SINGAPORE (Reuters) - Oil markets remained weak on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs.
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Lawsuit alleges GM rigged diesel pickups to pollute6h Lawsuit alleges GM rigged diesel pickups to pollute
USA Today
DETA lawsuit was filed Thursday in federal district court in Detroit, accuses General Motors trying to circumvent pollution control devices in diesel-powered heavy-duty pickups, echoing similar claims against Volkswagen and Fiat Chrysler Automobiles
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6h Oil languishes after OPEC fails to deepen supply cuts, Asia stocks retreat
Reuters
SINGAPORE (Reuters) - Crude prices remained subdued early on Friday after an agreement by OPEC to extend existing supply curbs disappointed many who had hoped for larger cuts.
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Mark Zuckerberg has a Harvard degree and a mission: create a sense of purpose6h Mark Zuckerberg has a Harvard degree and a mission: create a sense of purpose
USA Today
Facebook CEO says 'it's time for our generation to define a new social contract.'
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6h MarketWatch First Take: Nutanix spikes as bigger customers sign on to hybrid cloud
Market Watch
Nutanix Inc. enjoyed a strong quarter of sales growth fueled by an increased number of big-name corporate customers buying into its hybrid-cloud strategy, regaining some of its credence with investors.
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Mark Zuckerberg tells Harvard grads: we need a new social contract 7h Mark Zuckerberg tells Harvard grads: we need a new social contract
USA Today
Facebook CEO tells millennials to create a world where everyone has a sense of purpose.
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Amazon opens first brick and mortar New York bookshop7h Amazon opens first brick and mortar New York bookshop
USA Today
Online retail giant Amazon opens its first bricks and mortar bookstore in New York, selling a limited range of its highest-rated books and allowing customers to browse, as in times gone by. Video provided by AFP
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8h Updated 40 travel companies ask Trump not to reinstate Cuba travel restrictions
Market Watch
The president has threatened to roll back trade agreements made by Barack Obama.
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Mark Zuckerberg to Harvard grads: Create world where everyone has sense of purpose8h Updated Mark Zuckerberg to Harvard grads: Create world where everyone has sense of purpose
USA Today
Facebook CEO calls for new social contract that embraces equal opportunity.
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8h Fred Wilson throws a little cold water on bitcoin enthusiasts
CNBC
Despite all the excitement around digital currencies, venture capitalist Fred Wilson said it will probably take much longer for bitcoin to go mainstream.
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This is Mark Zuckerberg’s advice to Harvard’s graduation class9h This is Mark Zuckerberg’s advice to Harvard’s graduation class
USA Today
Mark Zuckerberg was the commencement speak for Harvard’s 2017 graduation, and he doled out some advice to the graduates.
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9h Mutual Funds Weekly: Avoid these trading and investing traps
Market Watch
Stubbornness, overconfidence, and other trading and ego traps can have painful consequences for investors.
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9h Wall Street hits record highs, helped by consumer stocks
Reuters
NEW YORK (Reuters) - The S&P 500 and Nasdaq hit record closing highs on Thursday, with the market propped up by gains in the consumer discretionary sector after strong reports from Best Buy and other retailers.
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9h Updated 16 energy stocks that company executives love, regardless of what OPEC does
Market Watch
Insiders at certain oil companies have been buying shares all year long, writes Michael Brush.
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9h Updated The Moneyologist: My ex-husband asked our sons to pay off his life insurance policy — contrary to our divorce decree
Market Watch
This woman wonders whether her ex-husband has violated the terms of their divorce decree.
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9h Popina on an ETF’s Boom in Price, Plunge in Assets (Audio)
Bloomberg
(Bloomberg) -- Bloomberg’s Elena Popina discusses an unusual situation where an ETF’s share price is soaring, even as its assets dwindle. It’s the iShares MSCI Mexico Capped ETF (tickers: EWW, IEMG). This is a daily ETF podcast from Bloomberg’s Catherine Cowdery.
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9h Beer Goggles: Anheuser-Busch, Molson Coors and other big brewers will be filling your Memorial Day craft beer cooler
Market Watch
Multinational brewers are flexing their muscles after buying up dozens of craft companies, writes Jason Notte.
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9h Updated The Tell: Wall Street laughed at a call for bitcoin at $25,000—but after a 400% surge, the laughter is fading
Market Watch
As the digital currency, bitcoin, has surged a breathtaking 400% over the past year, Wall Street may be apt to take Yves Lamoureux’s call a little more seriously. At least, that is the hope of the 54-year-old former retail broker and trader who established what he describes as macroeconomic research firm, Lamoureux & Co., about four years ago.
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9h Market Extra: Here’s a lesson OPEC could learn from soybean farmers
Market Watch
U.S. soybean growers could tell OPEC oil ministers a thing or two about the dangers of ceding market share.
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9h Bond Report: Treasury yields edge lower as crude plunges in wake of OPEC meeting
Market Watch
Treasury yields edged lower as oil prices slump despite an agreement by the Organization of the Petroleum Exporting Countries and its allies to extend production cuts.
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9h These two airlines are benefiting handsomely from United’s woes
Market Watch
The airline’s approval rating ‘bottomed out,’ YouGov BrandIndex said.
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9h Updated Read this before jumping into a public swimming pool this summer
Market Watch
The Centers for Disease Control and Prevention has issued a warning about recreational water.
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10h Updated Currencies: U.S. dollar rises against commodity currencies after OPEC agreement
Market Watch
The U.S. dollar was slightly lower on Thursday, though it rose against so-called commodity currencies as crude oil prices fell following an OPEC deal to extend oil-production cuts.
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10h Trump proposal would allow the government to track, hack and destroy drones
Market Watch
The Trump administration wants to allow the federal government to track, hack and destroy drones flying in the U.S.
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Feds halt alleged student loan debt relief scam10h Updated Feds halt alleged student loan debt relief scam
USA Today
Strategic Student Solutions is accused of bilking at least $11M from consumers.
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Bill introduced to bring benefits to Uber drivers, other gig workers10h Bill introduced to bring benefits to Uber drivers, other gig workers
USA Today
Senators Mark Warner and Representative Suzan DelBene introduced the very first federal bill that deals specifically with gig workers. Veuer's Nick Cardona (@nickcardona93) has that story.
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10h Updated Money Brain: What you don’t know about investing can hurt you
Market Watch
These mental tricks can trip up even professional traders, writes Meir Statman.
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10h NewsWatch: 16 energy stocks that company executives love, regardless of what OPEC does
Market Watch
Insiders at certain oil companies have been buying shares all year long, writes Michael Brush.
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10h Market Snapshot: S&P 500, Nasdaq close at records as stock market extends win streak to a 6th day
Market Watch
The S&P 500 and Nasdaq Composite close at fresh records on Thursday as U.S. stocks advanced for a sixth straight session, thanks in part to big gains in shares of Best Buy after quarterly results.
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10h Updated The 21-year-old star of ‘Miss Saigon’ on skipping college and saving for retirement
Market Watch
Eva Noblezada is nominated for a Tony Award for her portrayal of Kim.
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10h Updated Baby boomer congressman: The way I paid for college is ‘very different from what we see today’
Market Watch
Rep. Scott Peters introduced a bill that he hopes will make life easier for today’s student loan borrowers
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10h Bitcoin plunges more than $300 after earlier hitting all-time high
CNBC
In another intraday jump of more than $300, bitcoin surged to a record. Then it rolled over.
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10h Big drop in U.S. oil stocks finally on the way, traders say
Reuters
NEW YORK (Reuters) - Oil traders and analysts are expecting large volumes of crude to draw from storage tanks across the United States in coming weeks, in what would be the most tangible sign of an inventory overhang reduction that has punished prices over the last two years.
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10h Viacom networks to return to Suddenlink customers
Reuters
NEW YORK (Reuters) - A number of Viacom Inc's networks, which include Nickelodeon, Comedy Central and MTV, will be available to Altice NV's Suddenlink subscribers more than two years after the cable provider dropped them in a carriage dispute, the companies said on Thursday.
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10h S&P 500 hits record high after upbeat retail results
Reuters
NEW YORK (Reuters) - The S&P 500 and Nasdaq hit record closing highs on Thursday, with the market propped up by gains in the consumer discretionary sector after strong reports from Best Buy and other retailers.
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10h After-hours buzz: COST, ULTA, GME & more
CNBC
These are the stocks posting the largest moves after the bell on Thursday: Costco, Ulta Beauty, GameStop & more.
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11h Donald Trump considers congestion pricing for American cities
The Economist
DONALD TRUMP made a splash during the American presidential campaign when he called for a trillion-dollar investment in infrastructure. But when he actually released his first major budget proposal this week, funds for roads and bridges hardly attracted notice. Though the document does lay out a target of $200bn in direct federal spending, to be augmented by private investments, it provides only $5bn in 2018. “President Trump’s campaign promises on infrastructure are crumbling faster than our roads and bridges,” said one senior Democrat. Yet tucked away in the proposal is one short paragraph that ought to intrigue the country’s city-dwellers, who overwhelmingly vote Democratic, as well as business travellers who often find themselves visiting American cities. In a paragraph titled “Incentivize Innovative Approaches to Congestion Mitigation”, there is a proposal to “provide valuable incentives for localities to think outside of the box in solving long-standing congestion challenges,” modeled after...
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This Logitech touch screen remote is a great home upgrade for under $15011h This Logitech touch screen remote is a great home upgrade for under $150
USA Today
Get your home entertainment in sync with an easy to use touch screen remote for under $150.
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Tell Alexa or Google Home to clean the floors, and this robot vacuum will obey11h Updated Tell Alexa or Google Home to clean the floors, and this robot vacuum will obey
USA Today
With Alexa or Google Home, this robot vacuum will follow voice commands
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11h Futures Movers: Oil drops nearly 5% as OPEC’s 9-month output-cut extension disappoints
Market Watch
Oil prices suffer a drop of nearly 5% Thursday, marking their lowest finish in a more than a week, as traders show disappointment with the OPEC deal.
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11h Market Extra: Short-changing bonds, snubbing the globe and other diversification mistakes to avoid
Market Watch
One of the most important mantras in finance — diversification — is also one of the hardest to adhere to, according to Charlie Bilello, director of research at Pension Partners LLC.
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11h Updated Oil plunges 5 percent on disappointment with OPEC cuts
Reuters
NEW YORK (Reuters) - Oil prices tumbled 5 percent on Thursday as the extension of output curbs by OPEC and other producing countries disappointed investors who had hoped for larger cuts, leading to the biggest daily percentage slide in crude prices since early March.
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11h Updated Best Buy is capitalizing on troubles at Sears and HHGregg in one particular category
Market Watch
Best Buy’s appliance sales were helped by troubles with Sears, as well as store closures from HHGregg, which has filed for bankruptcy
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11h Updated This is how Best Buy gets so many of its customers to come into its stores
Market Watch
Best Buy customers often take advantage of the buy-online-pickup-in-store option for a variety of reasons
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11h Wall Street hits records, helped by consumer stocks
Reuters
NEW YORK (Reuters) - The S&P 500 and Nasdaq hit record closing highs on Thursday, with the market propped up by gains in the consumer discretionary sector after strong reports from Best Buy and other retailers.
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How to save money to start your own business11h How to save money to start your own business
USA Today
When saving up to make the self-employment switch, don’t sell yourself short.
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Best Buy shares surge as turnaround moves result in higher online sales11h Updated Best Buy shares surge as turnaround moves result in higher online sales
USA Today
Best Buy's first quarter earnings fell on higher costs but sales rise on e-commerce business.
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Here’s a look inside Elvis Presley’s private jet11h Here’s a look inside Elvis Presley’s private jet
USA Today
The plane goes up for auction this weekend.
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11h The Wall Street Journal: U.S. appeals court refuses to reinstate Trump’s travel ban
Market Watch
A Virginia-based federal appeals court on Thursday rejected President Donald Trump’s request to reinstate his revised executive order on immigration.
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11h Updated As bitcoin prices soar, messaging app Kik launches cryptocurrency payment service
CNBC
Bitcoin and other so-called decentralized currencies are riding a fresh wave of interest.
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11h Trump Today: Trump Today: President doesn’t affirm mutual-defense pact in speech to NATO leaders
Market Watch
President Donald Trump told leaders of NATO member nations that their countries must pay their “fair share,” but did not explicitly endorse the alliance’s mutual defense pact during a speech in Brussels. Trump also ordered an investigation into leaks of sensitive information from U.S. government agencies, after British officials expressed outrage about leaks of material related to the bombing at a pop concert in Manchester, England.
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11h Key Words: Tonight’s the night to get your best sleep of the week, statistically speaking
Market Watch
Tonight’s the night. According to recent research, the single best night of the week in terms of sleep quality is.
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12h Updated OPEC, non-OPEC extend oil output cut by nine months to fight glut
Reuters
VIENNA (Reuters) - OPEC and non-members led by Russia decided on Thursday to extend cuts in oil output by nine months to March 2018 as they battle a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.
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12h Capitol Report: Greg Gianforte’s alleged assault shows politicians held to lower standard than CEOs
Market Watch
Commit an assault as a CEO and you are almost certain to get fired in disgrace. Do so as a politician and you might just live to fight — no pun intended — another day. That could be one of the lessons to emerge from Montana’s special election if controversial favorite Greg Gianforte wins.
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12h GM is accused in lawsuit of cheating on diesel truck emissions
Reuters
(Reuters) - General Motors Co was accused in a lawsuit on Thursday of rigging hundreds of thousands of diesel trucks with devices similar to those used by Volkswagen AG , to ensure they pass emissions tests.
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12h Updated Commodities Corner: Why oil is plunging even after OPEC extended its landmark output-cut deal
Market Watch
OPEC agreed to extend production cuts through the first quarter of next year, as many had expected, but in traders’ eyes that wasn’t enough.
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12h Wall Street gains on upbeat retail results
Reuters
NEW YORK (Reuters) - U.S. stocks rose on Thursday, with the S&P 500 and Nasdaq Composite hitting new highs, helped by gains in the consumer discretionary sector after strong reports from Best Buy and other retailers.
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Making a major purchase? Wait for Memorial Day12h Making a major purchase? Wait for Memorial Day
USA Today
Memorial Day is a prime time for deals on appliances, furniture, mattresses and other big-ticket items.
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12h Updated Where to sit in every MLB ballpark if you want to catch a home run
Market Watch
SeatGeek ran the numbers so you know where to sit the next time you go to a game.
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12h U.S. lawsuit accuses GM of cheating on diesel truck emissions
Reuters
(Reuters) - General Motors Co was accused in a lawsuit on Thursday of rigging hundreds of thousands of diesel trucks with devices similar to those used by Volkswagen AG , to ensure they pass emissions tests.
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12h Market Snapshot: S&P 500, Nasdaq set fresh records as stock market aims for 6-day win streak
Market Watch
The S&P 500 and Nasdaq Composite trade in record territory on Thursday as U.S. stocks advance for a sixth straight session, thanks in part to big gains in shares of Best Buy and HP after earnings reports.
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12h Updated Capitol Report: How Paul Ryan and other lawmakers responded after House candidate Gianforte was accused of ‘body slamming’ reporter
Market Watch
House Speaker Paul Ryan calls on a Montana Republican running in a special election for the House of Representatives to apologize after allegedly “body slamming” a reporter, but did not call on him to drop out of the race.
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12h Updated Bitcoin plunges more than $300, goes negative after earlier hitting all-time high
CNBC
In another intraday jump of more than $300, bitcoin surged to a record. Then it rolled over.
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12h Metals Stocks: Gold prices halt two-session skid as dollar stalls
Market Watch
Gold end higher Thursday, snapping back-to-back losses as a closely followed dollar index stalled.
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12h Updated Ballooning Chinese dollar borrowing a dilemma for index trackers
Reuters
LONDON/HONG KONG (Reuters) - Record-breaking dollar bond sales from Chinese companies are steadily increasing China's weight in global indexes, raising concerns about overexposure among investors who track them.
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12h Updated Mortgage rates swing below 4% as investors flee risky assets
Market Watch
Rates for home loans fell in the most recent week, following the benchmark Treasury note, as investors sought safe assets in the wake of more information about President Trump’s dealings with Russia.
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13h Capitol Report: Assaults spell the end for CEOs but not politicians like Gianforte
Market Watch
Commit an assault as a CEO and you are almost certain to get fired in disgrace. Do so as a politician and you might just live to fight — no pun intended — another day. That could be one of the lessons to emerge from Montana’s special election if controversial favorite Greg Gianforte wins.
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13h BlackRock to pay $1.25 billion over 20 years for New York headquarters
Reuters
NEW YORK (Reuters) - BlackRock Inc will initially pay about $60 per square foot in rent for its future headquarters in the Hudson Yards district on the far west side of midtown Manhattan, the company said in a filing on Thursday.
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Armour Eckrich Meats recalls sausages that might contain metal13h Updated Armour Eckrich Meats recalls sausages that might contain metal
USA Today
A Kansas food distributor has recalled nearly 100,000 pounds of sausage products that might contain metal.
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13h Updated Where the China Credit Crunch Could Really Bite
The Wall Street Journal
What Moody’s didn’t say this week is that China’s sovereign bailout of troubled state companies is in fact already well under way, with a little help from provincial governments.
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13h These two airlines are benefiting from United’s woes
Market Watch
The airline’s approval rating “bottomed out,” YouGov BrandIndex said.
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13h Updated The Latest Drug Pricing Threat: The FDA
The Wall Street Journal
FDA Commissioner Dr. Scott Gottlieb is the latest public official to signal a tougher environment for drug pricing.
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13h Updated Outside the Box: 4 tips for finding good charities that support veterans
Market Watch
While some veterans’ charities do squander donors’ dollars, others make the most of donations in meeting their mission
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13h Updated Rex Nutting: America’s most successful companies are killing the economy
Market Watch
Winner-take-all companies, including Alphabet and Wal-Mart, are driving down wages and destroying communities, writes Rex Nutting.
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13h These startups will help you make a down payment — by taking a stake in your house
Market Watch
New companies will offer down payment assistance in return for a share of equity in the home.
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T-Mobile is changing how you use your phone number13h T-Mobile is changing how you use your phone number
USA Today
T-Mobile’s Digits service launches on May 31 and it totally changes how you use your phone number.
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13h Updated Market Snapshot: S&P 500, Nasdaq in record territory as stock market aims for 6-day win streak
Market Watch
The S&P 500 and Nasdaq Composite trade in record territory on Thursday as U.S. stocks advance for a sixth straight session, thanks in part to big gains in shares of Best Buy and HP after earnings reports.
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Why your 401(k) can be a cash drain13h Updated Why your 401(k) can be a cash drain
USA Today
Putting too much money in your 401(k) can cause cash flow problems if unexpected expenses arise.
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13h OPEC, non-OPEC extend oil output cut by 9 months to fight glut
Reuters
VIENNA (Reuters) - OPEC and non-members led by Russia decided on Thursday to extend cuts in oil output by nine months to March 2018 as they battle a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.
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13h Bitcoin plunges $315 after surging to an all-time high above $2,700
CNBC
In another intraday jump of more than $300, bitcoin surged to a record. Then it rolled over.
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13h Retailers rebound to boost S&P, Nasdaq to record highs
Reuters
(Reuters) - U.S. stocks rose on Thursday, with the S&P 500 and Nasdaq Composite scaling new highs, buoyed by strong earnings reports from the embattled retailer sector.
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13h Updated The Tell: Did this not-safe-for-work internet sensation just signal a top in bitcoin?
Market Watch
Dan Bilzerian’s penchant for automatic weapons, high-stakes poker, fast women and faster cars has made him an internet sensation. Now you can add go ahead and bitcoin to his list.
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13h ETF Focus: Here’s how blindingly fast bitcoin has been surging
Market Watch
Bitcoin is up nearly 500% over the past 12 months, a sixfold rise, according to pricing site CoinDesk. Thus far in 2017, it is up 187%. Over just the past 10 days, it is up more than 60%.
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14h Updated MarketWatch First Take: HP boosted by double whammy of PC and printer growth
Market Watch
HP Inc. executives sounded the most optimistic since the separation from HP Enterprise, thanks in part to renewed growth in its printing business and its continued gains in the PC business, even as it raised prices due to rising memory costs.
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14h Updated Ride-hailing industry expected to grow eightfold to $285 billion by 2030
Market Watch
The large valuations of Uber Technologies Inc. and Lyft Inc. may be justified as analysts see the ride-hailing industry growing to $285 billion by 2030.
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Sears loss deepens as sales keep slipping 14h Updated Sears loss deepens as sales keep slipping
USA Today
Sears Holding (SHLD) continued to lose revenue and sales for yet another quarter. 
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14h Updated New Ford CEO relies on veterans to reboot profits
Reuters
BENGALURU/DETROIT (Reuters) - Ford Motor Co on Thursday reshuffled senior management and brought back a former executive from Uber Technologies Inc, signaling its new chief executive officer will rely on tested company veterans to turn Ford around rather than outside talent.
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14h Updated Lawsuit accuses GM of rigging diesel truck emissions
Reuters
(Reuters) - General Motors Co was accused in a lawsuit on Thursday of rigging hundreds of thousands of diesel trucks with devices similar to those used by Volkswagen AG , to ensure they pass required emissions tests.
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14h Oil plunges 4 percent on disappointment with OPEC cuts
Reuters
NEW YORK (Reuters) - Oil prices fell about 4 percent on Thursday, on track for their biggest daily drop in three weeks, after OPEC's decision to extend production curbs fell short of expectations of deeper or longer cuts.
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14h Trump budget could have big news for Fannie and Freddie
CNBC
Within the details of the $4.1 trillion spending plan is a change in language regarding Fannie Mae and Freddie Mac.
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In Uber echo, Lyft rolls out high-end rides14h In Uber echo, Lyft rolls out high-end rides
USA Today
The ride-hailing company launches Lyft Lux and Lyft SUV in five markets with 20 more to follow.
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Sanders: Rich get richer under Trump budget plan14h Sanders: Rich get richer under Trump budget plan
USA Today
Vermont Senator Bernie Sanders challenged President Donald Trump's proposed budget for next year, saying it slashes programs for needy Americans across the country, while giving massive tax breaks to the wealthy. (May 25)
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14h Futures Movers: Oil sinks to 1-week low as OPEC’s 9-month output-cut extension disappoints
Market Watch
Oil prices sink below $50 a barrel as traders show disappointment over an agreement by OPEC to extend an output accord by nine months.
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14h Netflix could hit 180 million international subscribers by 2020
Market Watch
Analysts at PiperJaffray, led by Michael Olson, believe that current estimates for Netflix’s international penetration and profitability are too low.
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14h Another study suggests chocolate is good for your heart
Market Watch
This research looked at the eating habits and cardiovascular histories of 55,500 people.
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14h Exclusive: Bankrupt Westinghouse ends pensions for ex-CEOs, executives
Reuters
WILMINGTON, Del (Reuters) - Bankrupt Westinghouse Electric Co LLC, the U.S. nuclear technology firm owned by Toshiba Corp , has stopped making pension payments to former executives, according to a letter seen by Reuters, removing a benefit that has helped the company retain top talent.
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14h Tim Mullaney: On Trumpcare, it’s time for women to prove they really do ‘govern better’
Market Watch
Three moderate Republican senators need to step up and prove they really are better at governing by stopping the Republican health-care bill, writes Tim Mullaney.
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15h Europe Markets: European stocks end lower, led by Petrofac’s 30% plunge
Market Watch
European stocks finish with a small loss Thursday, hampered by lower volume and a slide in oil prices following news the Organization of the Petroleum Exporting Countries will hold back from making deeper production cuts.
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15h Wilbur Ross seeks bigger budget for trade enforcement
Reuters
WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross said on Thursday that a $5.5 million increase requested for the agency's enforcement budget this year will have a "real impact" in cracking down on unfair trade practices and export security violations.
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15h Updated The smart way to fine-tune your portfolio
Market Watch
How much should you have in equities vs. bonds?
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15h The Tell: Did one of the internet’s biggest ‘stars’ just signal a top in bitcoin?
Market Watch
Dan Bilzerian’s penchant for automatic weapons, high-stakes poker, fast women and faster cars has made him an internet sensation. Now you can add go ahead and bitcoin to his list.
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15h NewsWatch: 9 signs the housing market will only get hotter in 2017
Market Watch
Just look at the data, says Jeff Reeves. The housing market has nowhere to go but up.
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The Census Bureau shows the fastest-growing cities in the U.S. are ...15h Updated The Census Bureau shows the fastest-growing cities in the U.S. are ...
USA Today
Cities in the South are growing at a faster rate than any other region in the United States, according to the U.S. Census Bureau.
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15h London Markets: FTSE 100 ends slightly higher, but energy shares curb gains after OPEC decision
Market Watch
After flipping between small gains and losses, U.K. stocks end slightly higher on Thursday as the impact from a weaker pound outweighs a drop for energy companies after the latest OPEC decision.
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15h Payless to try fending off creditor probe of owners with own review
Reuters
CHICAGO (Reuters) - Discount retailer Payless ShoeSource is investigating whether its leveraged buyout by private equity firms and the dividend payments they received led to its bankruptcy, according to court papers.
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Alphabet’s Waymo could be worth billions15h Alphabet’s Waymo could be worth billions
USA Today
Alphabet’s self-driving car unit, Waymo, could be worth $70 billion. That’s more than Ford, GM, and Tesla.
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15h Updated Best Buy beats on profit, sales; shares at 11-year high
Reuters
CHICAGO (Reuters) - Best Buy Co Inc reported an unexpected rise in first-quarter comparable sales and the No. 1 U.S. electronics retailer said it planned to save $600 million in costs by the end of fiscal 2021, sending shares to an 11-year high on Thursday.
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Uber got off to a slow start on driving diversity. Can it catch up?15h Updated Uber got off to a slow start on driving diversity. Can it catch up?
USA Today
The ride-hailing company is changing its tune and its tone on diversity.
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15h Updated OPEC extends oil output cut by nine months to fight glut
Reuters
VIENNA (Reuters) - OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018 as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.
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15h Here’s how easily hackers can copy your fingerprints
Market Watch
Biometrics can be less safe than you might think
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15h Rare retail bright spot boosts S&P, Nasdaq to records
Reuters
(Reuters) - The S&P 500 and Nasdaq Composite were in record territory in late morning trading on Thursday, buoyed by strong earnings from the embattled retailer sector.
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16h Updated Jobless claims edge up; goods trade deficit widens
Reuters
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose slightly last week and the four-week moving average of claims hit a 44-year low, suggesting a further tightening of the labor market that could encourage the Federal Reserve to raise interest rates next month.
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16h Bitcoin surges 12% to all-time high above $2,700; has now doubled in May
CNBC
Bitcoin jumped more than 12 percent to an all-time high of $2,791.70, more than twice its April 30 price of $1,347.96.
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16h Updated Deep Dive: At these three restaurant companies, the stock is the main course
Market Watch
Unlike 54 competitors, they have increased sales per share by double digits while improving profit margins.
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16h Updated Deep Dive: 20 big winners in the S&P 500 this earnings season
Market Watch
These companies posted the largest sales increases while also expanding profit margins.
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Best Buy earnings beat estimates on higher online sales16h Updated Best Buy earnings beat estimates on higher online sales
USA Today
Best Buy's first quarter earnings fell on higher costs but sales rise on e-commerce business.
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16h Futures Movers: Oil falls below $51 as OPEC’s 9-month output-cut extension disappoints
Market Watch
Oil prices recoup some of their earlier losses Thursday as traders assess an agreement by OPEC to extend an output accord by nine months, but stopped short of taking on deeper production cuts.
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16h The Wall Street Journal: Google tries again in China using AlphaGo event that targets the young
Market Watch
A friendly game of Go in the picturesque city of Wuzhen this week has given Google an opening to return to China’s good graces, seven years after it left the country over government censorship of its namesake search engine and hacks of its Gmail service.
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16h U.S. Treasury sees business taxes as fruitful ground for bipartisan deal
Reuters
WASHINGTON (Reuters) - The Trump administration is particularly hopeful it can reach a bipartisan tax deal when it comes overhauling laws for business taxes, Treasury Secretary Steven Mnuchin said on Thursday.
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Despite recent controversies, more people will fly this summer16h Updated Despite recent controversies, more people will fly this summer
USA Today
With a laptop ban on the table and a stockpile of airline-passenger scandals, you would think less people would fly this summer, but ticket sales are actually booming.
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16h Netflix still gets booed at Cannes
The Economist
THE rise of Netflix has been greeted frostily by some of the old guard at the Cannes film festival, where the American streaming giant’s disregard for releasing films in cinemas wins it few friends. It looked a bit more at home on May 21st, as the lights went up at the Louis Lumière theatre. The stars of its own film, “The Meyerowitz Stories (New and Selected)”, a comedy drama, accepted a standing ovation from the audience. Ted Sarandos, Netflix’s head of content, stood alongside Dustin Hoffman, Ben Stiller and other cast members. Festival-goers jostled for a word with him at a swanky after-party. This is the first year that Netflix has been admitted into the festival’s competition, with two films, “The Meyerowitz Stories” and “Okja”, directed by Bong Joon-ho of South Korea. Still, cries of protest from French film-industry executives prompted Thierry Frémaux, the festival director, to declare that, in future, only films guaranteed a theatrical release in...
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16h Why companies in the chemicals industry are mixing
The Economist
AS SPRING arrives, the hills of Languedoc in southern France turn green with the leaves of grapevines. This is helped along by chemicals—lots of them, confides a winemaker based near the town of Thuir in the Pyrenees. In their absence, vineyards would need natural fertilisers and to be weeded by hand, both costly. French farmers use more chemicals than anyone else in Europe: 65,000 tonnes of pesticides alone each year. Even the smallest of vine-growers has an interest in a series of takeovers proposed between their chemicals suppliers. After a decade without any big deals, since 2015 three mega-mergers, collectively worth around $240bn, have been proposed. When they were first announced, many doubted that regulators would allow the mergers because of competition worries. If all three proceed, as now seems likely, four companies will produce 70% of the world’s pesticides instead of six today. The first mega-merger, announced in December 2015, was between Dow Chemical and...
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16h Machine-learning promises to shake up large swathes of finance
The Economist
MACHINE-LEARNING is beginning to shake up finance. A subset of artificial intelligence (AI) that excels at finding patterns and making predictions, it used to be the preserve of technology firms. The financial industry has jumped on the bandwagon. To cite just a few examples, “heads of machine-learning” can be found at PwC, a consultancy and auditing firm, at JP Morgan Chase, a large bank, and at Man GLG, a hedge-fund manager. From 2019, anyone seeking to become a “chartered financial analyst”, a sought-after distinction in the industry, will need AI expertise to pass his exams. Despite the scepticism of many, including, surprisingly, some “quant” hedge funds that specialise in algorithm-based trading, machine-learning is poised to have a big impact. Innovative fintech firms and a few nimble incumbents have started applying the technique to everything from fraud protection to finding new trading strategies—promising to up-end not just the humdrum drudgery of the back-office,...
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16h A trade deal between the EU and east Africa is in trouble
The Economist
THE winds that waft along the Swahili coast change direction with the seasons, a boon to traders in times past. Shifts in the political winds are harder to predict. Last July a proposed trade deal between five countries of the East African Community (EAC) and the EU was thrown into disarray when Tanzania backed out at the last minute. An EAC summit, scheduled for months ago, was meant to find a way forward. Held at last on May 20th in Dar es Salaam, after many postponements, only two presidents showed up. The deal is in the doldrums. The pact is one of seven “Economic Partnership Agreements” (EPAs) the EU wants to sign with regional groups in Africa, the Caribbean and the Pacific. The first was agreed with the Caribbean in 2008; southern Africa followed suit last year. But progress in west Africa has also stalled, with Nigeria raising objections. The EPAs were promoted as a new breed of trade deal, and...
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16h A new code aims to clean up the foreign-exchange market
The Economist
FINANCIAL-MARKET traders have earned a pretty shocking reputation in recent years. From manipulating LIBOR, a benchmark interest rate, to rigging the daily fix of foreign-exchange (FX) rates, traders have shown themselves ready not just to stretch the rules, but to collude in outright illegality. A global code of conduct for the FX market, unveiled on May 25th, aims to put things on a sounder footing. Drawn up over the past two years by a coalition of central bankers, known as the FX Working Group (FXWG), and supported by a panel of industry participants, the code’s 55 principles lay down international standards on a range of practices, from the handling of confidential information to the pricing and settlement of deals. Such standards seem long overdue in the massive FX market. Roughly $5trn is traded every day (see chart). Many companies, pension funds and money managers depend on banks to hedge their exposure to currency fluctuations. Yet in the past traders colluded with one another...
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16h How becoming a Hong Kong pensioner can save you tax
The Economist
THE global war on tax evasion rumbles on. What began as an American onslaught, with the Foreign Account Tax Compliance Act (FATCA) of 2010, has been joined by more than 100 countries through an initiative called the Common Reporting Standard (CRS). Under this, governments will exchange tax information on their financial firms’ clients on a regular, “automatic” basis, without having to be asked for it, starting this year. Holdouts such as Panama, the Bahamas and Lebanon have, one by one, been frogmarched into line. But tax-dodgers and their advisers are enterprising sorts, eager to clamber through the smallest loophole—and gaps in the CRS there are. One involves becoming a pensioner in Hong Kong. The territory, home to a big financial centre, has a type of pension known as an ORS (for Occupational Retirement Scheme). The beauty of ORS from a tax evader’s point of view is that anyone can get one and they are not...
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16h One bitcoin is worth twice as much as an ounce of gold
The Economist
Fans of bitcoin, a crypto-currency, have long called it digital gold. Now this sounds like an insult: continuing its stellar rise, and adding more than 30% to its value in just a week, one bitcoin is worth more than $2,600, over twice as much as an ounce of gold. As went to press all bitcoins in circulation were worth over $43bn. A sum of $1,000 invested in bitcoins in 2010 would now be worth nearly $36m. Other crypto-currencies are also marching upward: together this week they were worth $87bn. But if the history of gold is any guide, what goes up will come down—and then go up again.
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16h What the German economic model can teach Emmanuel Macron
The Economist
IT IS heartening that the euro area has a knack for surviving near-fatal crises. Yet confidence in the durability of the single currency might be stronger if it suffered fewer of them. Europe dodged its latest bullet on May 7th in France, when Emmanuel Macron, a liberal-minded (by local standards) upstart centrist, defeated Marine Le Pen for the presidency. Even so, an avowed nationalist and Eurosceptic captured 34% of the vote, leaving Mr Macron with five years to assuage widespread frustration with the economic status quo. An obvious model lies just across the Rhine, where the unemployment rate—below 4%, down from over 11% in 2005—is testimony to the potential for swift, dramatic change. Yet Germany’s performance will not be easy to duplicate. It would be unfair to call France the sick man of Europe; half the continent is wheezing or limping. Yet there is certainly room for French improvement. Real output per person has barely risen in the past decade. Government spending stands at 57% of GDP, outstripping the tax take; France’s budget deficit, at 3.4% of GDP, is among the largest in the euro area’s core. The biggest worry, however, is the labour market. The unemployment rate, now 10.1%, is stubbornly high. Nearly a quarter of French young adults are unemployed. Worklessness, especially among young people, is a source of rising social tension and a...
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16h Masayoshi Son and Saudi Arabia launch a monster technology fund
The Economist
“I HAVEN’T accomplished anything I can be proud of in my 60 years on Earth,” Masayoshi Son, the boss of SoftBank, a Japanese telecoms group, recently confided. Now he has enough money to make a dent in the universe: on May 20th SoftBank and Saudi Arabia’s Public Investment Fund (PIF), along with smaller investors including Apple and Sharp, launched the world’s largest technology-investment fund, worth nearly $100bn. How will Mr Son and his team deploy these riches? He has a vision to match his vehicle. Within 30 years, he predicts, the world will be populated by billions of robots, many of them more intelligent than humans. Several of SoftBank’s recent acquisitions, most of which are expected to be part of the fund’s portfolio, should be seen in this light. ARM, a British chip firm acquired for a whopping $32bn last year, will design the brains for the robots. OneWeb, a satellite startup in which SoftBank acquired a 40% stake for $1bn in December, will connect them. Nvidia,...
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16h The market for rare trainers
The Economist
WHEN Marty McFly donned his self-lacing Nike trainers in the distant future of 2015, he really should have kept them in the box. Almost 30 years on from “Back to the Future II”, Nike’s real-life version, released in 2016, is the most expensive training shoe on the planet, with an average resale price of $32,275. These rarest of shoes (only 89 pairs were made) are at the apex of a resale market that has been carefully nurtured by Nike and other trainer titans since the late 1980s. Every Saturday morning across America, queues of “sneakerheads” form outside trainer shops. Many are adding to their hundred-pair collections, but the rest are seeking shoes to sell in the secondary market. As brands try to strike a balance between generating instant revenue and restricting supply (which creates demand, and more revenue later), the secondary trade thrives. In America it is worth an estimated $1.5bn a year, a tenth of the trainer...
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16h Noble Group, a big Asian commodities trader, is teetering
The Economist
THE difficulties facing Noble Group, a beleaguered Hong Kong commodities trader, are multiplying. On May 23rd the firm was forced to suspend trading of its shares in Singapore after their value slumped by more than 28% in half an hour. The panicked selling came after S&P Global, a ratings agency, warned that Noble was at risk of defaulting on large debt repayments that are due within the next 12 months. Investors were also rattled by reports from Reuters and the suggesting that Sinochem, a Chinese conglomerate at one time tipped to take a stake in Noble, had lost interest in a deal. Founded in 1986 by Richard Elman, a former scrap-metal merchant from London, Noble grew from an initial investment of $100,000 to be worth more than $10bn at its peak in 2010. But investors took fright in 2015 when a previously unknown group called Iceberg Research began publishing reports questioning Noble’s accounting practices (Noble has vigorously defended its...
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16h Is efficient-market theory becoming more efficient?
The Economist
BUILD a better mousetrap, the saying goes, and the world will beat a path to your door. Find a way to beat the stockmarket and they will construct a high-speed railway. As investors try to achieve this goal, they draw on the work of academics. But in doing so, they are both changing the markets and the way academics understand them. The idea that financial markets are “efficient” became widespread among academics in the 1960s and 1970s. The hypothesis stated that all information relevant to an asset’s value would instantly be reflected in the price; little point, therefore, in trading on the basis of such data. What would move the price would be future information (news) which, by definition, could not be known in advance. Share prices would follow a “random walk”. Indeed, a book called “A Random Walk Down Wall Street” became a bestseller. The idea helped inspire the creation of index-trackers—funds that simply buy all the shares in a benchmark like the S&P...
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16h Anthem battle behind it, Cigna gives stock to 40,000 workers
Reuters
NEW YORK (Reuters) - Cigna Corp , which recently won court approval to break off its failed deal with Anthem Inc , on Thursday said it would give its more than 40,000 employees five Cigna shares each and expand its paid leave, as it embarks on its next phase of growth.
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16h Market Snapshot: S&P 500, Nasdaq hit records as stock market aims for 6-day win streak
Market Watch
The S&P 500 and Nasdaq Composite trade in record territory on Thursday as U.S. stocks advance for a sixth straight session, thanks in part to big gains in shares of Best Buy and HP after earnings reports.
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17h Updated Robert Powell: How to find out what your broker is charging you
Market Watch
Brokers are starting to disclose certain account and service fees in uniform manner, but more is needed.
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17h Prosecutors investigate Bosch employees in Daimler probe: Handelsblatt
Reuters
FRANKFURT (Reuters) - German prosecutors who searched Daimler's offices this week as part of a probe into diesel pollution are also investigating employees at automotive supplier Bosch [ROBG.UL], daily Handelsblatt reported, citing the prosecutor's office.
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17h Most Americans have no clue when it comes to financial decisions
Market Watch
Americans’ knowledge of personal finance is low even among people who have already made important financial decisions.
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17h Updated 5 ways to help a friend or family member with dementia
Market Watch
There’s a lot that can be done to break negative and avoidant behaviors that impede quality of life for those with dementia.
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17h Updated As down-payment needs swell, these companies step in to help — in exchange for a small stake
Market Watch
New companies will offer down payment assistance in return for a share of equity in the home.
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Removed from the land before, Ponca nation vows to protect the Earth from Keystone XL17h Removed from the land before, Ponca nation vows to protect the Earth from Keystone XL
USA Today
Unlikely allies find common ground in opposition to Keystone XL pipeline that will bring tar sands oil from Canada to Texas.
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4 simple ways to pay off your mortgage early17h 4 simple ways to pay off your mortgage early
USA Today
Imagine how wonderful it would feel to have no monthly house payment. What could you do with all that extra money every month?
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17h Updated Need to Know: Bitcoin $3,000? Ex-fugitive cybersecurity legend sees ‘enormous momentum’
Market Watch
The story that just won’t go away is bitcoin. And the latest run has many chattering that the cybercurrency’s epic run is far from over. And a once-fugitive tech name is the latest to climb aboard.
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Alphabet’s Waymo could be worth $70 billion17h Alphabet’s Waymo could be worth $70 billion
USA Today
Alphabet’s self-driving car unit, Waymo, could be worth $70 billion. That’s more than Ford, GM, and Tesla.
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17h How to avoid being replaced by a robot
Market Watch
Technology doesn’t just eliminate jobs, it also creates them. Here’s how to stay relevant.
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17h Updated How to launch your own beer brand for $5,000
Market Watch
Starting a craft brewery is pricey. Here’s what you need to know about a lower-cost alternative: contract brewing.
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Never run out of USB ports again with this $5 Amazon lightning deal17h Never run out of USB ports again with this $5 Amazon lightning deal
USA Today
This Sabrent 4-port USB hub is a serious savior for the tech gadget lover, and right now it's a super cheap Amazon lightning deal.
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17h Key Words: Newt Gingrich: Media on Trump’s overseas trip fail to spot a ‘titanic’ shift in U.S. policy
Market Watch
The Trump team is trashing the media again, with former House Speaker Newt Gingrich firing off a zinger.
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17h Market Snapshot: S&P 500, Nasdaq hit records as stocks aim to extend gains to a 6th day
Market Watch
The S&P 500 and Nasdaq Composite trade in record territory on Thursday as U.S. stocks advance for a sixth straight session, thanks in part to big gains in shares of Best Buy and HP after earnings reports.
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17h Bitcoin surges 11% to all-time high above $2,700; Has now doubled in May
CNBC
Bitcoin rose more than 11 percent to an all-time high of $2,776.63, more than twice its April 30 price of $1,347.96.
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17h S&P, Nasdaq open at record levels after Fed minutes
Reuters
(Reuters) - The S&P 500 and Nasdaq Composite opened at record highs on Thursday after minutes of the Federal Reserve's latest meeting showed policymakers expected the economy to pick up momentum.
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17h Updated Tesla factory has had higher injury rate than industry average, study finds
Market Watch
A report issued Wednesday by a California nonprofit claims that Tesla Inc. factory workers are injured at a higher rate than the industry average, and spend nearly twice as many days away from duty than the norm.
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17h Updated Sick of renting? 5 signs you’re ready to buy a home
Market Watch
Is it better to rent or buy? Here are five signs you’re ready to be a homeowner.
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17h The Wall Street Journal: BlackRock, Vanguard mull pressuring Exxon to disclose risk of climate change
Market Watch
Two of the world’s largest asset managers are strongly considering a public rebuke to Exxon Mobil Corp. over climate change at the company’s annual meeting next week, according to people familiar with the matter.
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Reports: OPEC agrees to extend oil production cuts17h Updated Reports: OPEC agrees to extend oil production cuts
USA Today
The cartel is seeking to regain market power amid a surge of U.S. shale output.
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OPEC reportedly agrees 9 month extension to production cuts17h OPEC reportedly agrees 9 month extension to production cuts
USA Today
Global oil prices turned sharply lower Thursday, reversing solid early gains, after Saudi Arabia's Oil Minister appeared to rule out deeper production cuts as ministers from the OPEC cartel meet in Vienna to hammer-out a deal on the extension a prior agreement that have kept 1.8 million barrels of oil each from the market each day.
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17h Economic Report: U.S. trade gap widens in April, raising doubt for Q2 GDP rebound
Market Watch
The trade deficit for goods deteriorated in April and inventories sank, suggesting that an expected economic rebound in the second quarter may not be as robust as thought.
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17h Sears posts quarterly profit on Craftsman sale, cost cuts
Reuters
(Reuters) - Sears Holdings Corp reported its first quarterly profit in nearly two years, as the retailer benefited from the sale of its Craftsman brand and a program to cut $1.25 billion in costs, amid doubts about its ability to continue as a going concern.
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17h Bond Report: Treasury yields budge up above 2.25% after OPEC meeting
Market Watch
Treasury yields fell after a meeting of the Organization of the Petroleum Exporting Countries showed members had agreed on a 9-month extension to its production cuts.
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17h The Wall Street Journal: EU’s Tusk: No common position with Trump on Russia
Market Watch
European Council President Donald Tusk met U.S. President Donald Trump on Thursday and said there are differences between Brussels and Washington on a number of issues, including their views on Russia.
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18h Metals Stocks: Gold attempts rebound after back-to-back declines
Market Watch
Gold tipped higher Thursday, on track to snap back-to-back losses as a closely followed dollar index stalled. But gains could be limited in the lead up to what’s widely expected to be another Federal Reserve interest-rate hike next month.
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18h Updated Lack of new launches leaves Ford playing catchup with GM
Reuters
DETROIT (Reuters) - James Hackett spent the last year plotting Ford Motor Co's long-term self-driving car strategy. In his first week as chief executive, he has more immediate concerns: stopping a skid in North American sales and fending off a market share grab by resurgent archrival General Motors Co.
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18h BlackRock CEO Larry Fink says global growth accelerating
Reuters
(Reuters) - BlackRock Inc Chief Executive Officer Larry Fink said global growth was accelerating and that corporate earnings were keeping pace with higher stock prices.
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18h Updated Most sunscreen products don’t actually work
Market Watch
Watch out for overly high (or low) SPF values and read the list of ingredients closely.
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87% of Americans are ignoring this warning18h 87% of Americans are ignoring this warning
USA Today
You probably know less about this trillion-dollar market than you think…
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18h NewsWatch: Bitcoin $3,000? Ex-fugitive cybersecurity legend sees ‘enormous momentum’
Market Watch
The story that just won’t go away is bitcoin. And the latest run has many chattering that the cybercurrency’s epic run is far from over. And a once-fugitive tech name is the latest to climb aboard.
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Picking up the financial pieces after a divorce18h Picking up the financial pieces after a divorce
USA Today
Heather Monahan's divorce left her in the worst financial position she's ever faced as an adult. Here’s how she got back up on her feet.
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18h Updated Economic Report: U.S. trade deficit in goods widened in April
Market Watch
American’s goods trade deficit widened in April as exports slipped and imports rose, advanced data issued by the Commerce Department showed Thursday.
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18h Economic Report: Low jobless claims look like rerun of early 1970s
Market Watch
The number of Americans applying for and receiving unemployment benefits continue to drop to levels last seen nearly a half century ago, a sign the U.S. labor market remains quite robust eight years into an economic expansion
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18h Updated Capitol Report: The nation’s newest hot housing market — Philadelphia
Market Watch
Philadelphia is in the sweet spot as its long-time strengths play into a recovering housing economy and one big local employer expands.
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18h Updated Market Snapshot: U.S. stocks poised for 6 wins in a row, even as oil falls on OPEC news
Market Watch
U.S. stocks on Thursday looked on track to achieve their sixth up session in a row, setting up the S&P 500 for a fresh record close even as oil prices fell as traders tracked a much-anticipated meeting of key producers.
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18h Updated This man will help you get out of expensive medical bills
Market Watch
Most people, even if they don’t understand a hospital bill, pay it anyway. He’s trying to change that.
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18h Capitol Report: House conservative says Trump budget built on ‘lie’ | Republicans to drop debit-rule repeal
Market Watch
Trump’s budget built on a ‘lie,’ according to House conservative; Republicans to drop debit-rule repeal; administration resets search for FBI director; and more.
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18h Jobless claims up slightly; four-week average at 44-year low
Reuters
WASHINGTON, May 25 (Reuters) - The number of Americans filing for unemployment benefits rose less than expected last week and the four-week moving average of claims fell to a
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19h Updated Bad news, energy bulls and bears: Oil is not going to either $25 or $75 a barrel
Market Watch
There are opportunities to trade, but not to invest in, oil at this time, says Nigam Arora.
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19h Updated Some Uber and Lyft riders are giving up their own cars: Reuters/Ipsos poll
Reuters
SAN FRANCISCO (Reuters) - Wally Nowinski got his first car when he turned 16 in Michigan, the home of the U.S. auto industry. But after two years of living in New York City, he sold his wheels, using ride services, carsharing and bike sharing to get around.
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19h Best Buy beats on profit, comparable sales; shares jump
Reuters
CHICAGO (Reuters) - Best Buy Co Inc, the No. 1 U.S. electronics retailer, reported an unexpected rise in first-quarter comparable sales on Thursday, helped by demand for gaming and mobile products.
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19h Updated Futures Movers: Oil slides below $51 as OPEC agrees on 9-month output extension
Market Watch
Oil prices move sharply lower on Thursday after members of the Organization of the Petroleum Exporting Countries agree on a nine-month extension to their output accord, but stopped short of taking on deeper production cuts.
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19h Abercrombie posts smaller-than-expected drop in same-store sales
Reuters
(Reuters) - U.S. teen apparel retailer Abercrombie & Fitch Co , which has put itself up for sale, posted smaller-than-expected drop in comparable-store sales, helped by strong demand for its California beach-themed surfwear brand Hollister.
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19h Updated The Wall Street Journal: OPEC says it will extend production cuts through March 2018
Market Watch
With over a dozen other countries expected to join the cartel’s efforts, the agreement is likely to cut off about 2% of the world’s oil supply through March 2018.
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19h Updated Europe Markets: European stocks grapple with lower liquidity, oil-price volatility
Market Watch
European stocks have been looking for firm direction Thursday, with oil prices sliding as it appears OPEC won’t be making deeper cuts in oil production.
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19h The New York Post: Montana Republican candidate Gianforte accused of ‘body slamming’ reporter, faces assault charge
Market Watch
Republican congressional candidate Greg Gianforte has been charged with misdemeanor assault for allegedly body slamming a reporter who was trying to ask him a question on the eve of a special election, law enforcement authorities hae said.
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Uber cultural change will take time: HR boss19h Uber cultural change will take time: HR boss
USA Today
Uber's chief of human resources, Liane Hornsey, tells USA TODAY a 200-session listening tour of the company after allegations of pervasive sexism found employees concerned about pay and performance reviews, but not sexual harassment.
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19h Best Buy quarterly comparable sales rise unexpectedly
Reuters
CHICAGO (Reuters) - Best Buy Co Inc, the No. 1 U.S. electronics retailer, reported on Thursday an unexpected rise in quarterly comparable sales, helped by demand for gaming and mobile products.
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20h London Markets: FTSE 100 wobbles with OPEC decision in focus; British growth slows
Market Watch
U.K. blue-chip stocks are seesawing Thursday, with oil shares moving lower ahead of a production decision from the Organization of the Petroleum Exporting Countries.
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20h Oil falls as OPEC prepares to extend output cuts
Reuters
LONDON (Reuters) - Oil prices fell on Thursday as OPEC ministers met to decide how long to extend oil production cuts in an attempt to drain a global glut that has depressed markets for almost three years.
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Reached your savings goals? Here’s what to do next20h Reached your savings goals? Here’s what to do next
USA Today
Push yourself beyond basic savings goals by taking on these steps.
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20h OPEC extends oil output cut by nine months: delegate
Reuters
VIENNA (Reuters) - OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, an OPEC delegate said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.
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20h Sears posts first quarterly profit in nearly two years on cost cuts
Reuters
(Reuters) - Sears Holdings Corp reported its first quarterly profit in nearly two years, helped by the retailer's $1.25 billion cost-cutting plan amid doubts about its ability to continue as a going concern.
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Ask a Fool: How do the stock funds in my 401(k) differ?21h Ask a Fool: How do the stock funds in my 401(k) differ?
USA Today
Most 401(k) fund choices for investing in stocks fit into specific categories.
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21h The Wall Street Journal: Brexit fan Trump meets EU leaders for the first time
Market Watch
President Trump is holding his first meetings with French President Emmanuel Macron and senior European Union leaders on Thursday, visiting the capital of a bloc whose future he has questioned and whose opponents he has feted.
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21h Market Snapshot: U.S. stocks poised for 6 wins in a row, but OPEC lies in wait
Market Watch
U.S. stocks on Thursday looked on track to achieve their sixth up session in a row, setting up the S&P 500 for a fresh record close even as oil prices fell as traders tracked a much-anticipated meeting of key producers.
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21h Futures Movers: Oil slides below $51 as Saudis rule out deeper output cuts
Market Watch
Oil prices are on a roller-coaster ride Thursday trade as the highly anticipated meeting of the Organization of the Petroleum Exporting Countries about whether or not to extend production cuts kicks off in Vienna.
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21h Banks and funds will never quite be forex friends
Reuters
LONDON (Reuters) - On U.S. election day last November, banking executive David Puth stood in line behind Woody Allen to vote in his Manhattan neighborhood and then got on a plane to be shouted at for the rest of the day by a group of rich fund managers.
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21h : British police stop sharing Manchester attack info with the U.S. after leaks: report
Market Watch
U.K. police investigating the suicide bombing in Manchester, England, have stopped sharing information with their U.S. counterparts, according to a BBC report. Theresa May is expected to express concerns to President Trump.
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21h Futures Movers: Oil erases pre-OPEC summit gains as Saudis rule out deeper output cuts
Market Watch
Oil prices are on a roller-coaster ride Thursday trade as the highly anticipated meeting of the Organization of the Petroleum Exporting Countries about whether or not to extend production cuts kicks off in Vienna.
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22h OPEC meets to extend oil output cut, fight global glut
Reuters
VIENNA (Reuters) - OPEC and non-member oil producers began talks in Vienna on Thursday to extend output cuts, most likely by nine months, in an effort to clear a global stocks overhang and prop up crude prices.
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22h World stocks hit record after Fed minutes, oil up as OPEC meets
Reuters
LONDON (Reuters) - World stocks hit record highs on Thursday and the dollar dipped after the U.S. Federal Reserve signaled caution in raising interest rates, while oil prices rose in anticipation of top producers agreeing to extend output cuts for up to a year.
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22h Not all jobs will be taken by robots
Market Watch
Technology doesn’t just eliminate jobs, it also creates them. Here’s how to stay relevant.
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22h Most Americans are driving blind when it comes to financial decisions
Market Watch
Americans’ knowledge of personal finance is low even among people who have already made important financial decisions.
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22h Updated OPEC meets to extend oil cuts for up to one year
Reuters
VIENNA (Reuters) - OPEC and non-member oil producers are gearing up to extend output cuts on Thursday, possibly by as long as 12 months, to help clear a global stocks overhang and prop up crude prices.
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22h The New York Post: Montana GOP candidate Greg Gianforte accused of ‘body slamming’ reporter — and now faces assault charge
Market Watch
Republican congressional candidate Greg Gianforte has been charged with misdemeanor assault for allegedly body slamming a reporter who was trying to ask him a question on the eve of a special election, law enforcement authorities hae said.
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22h The Wall Street Journal: Police hunt for Manchester suicide bomber’s terror network
Market Watch
A suicide bomber who killed 22 people at a Manchester pop concert likely had the help of a terror network, U.K. authorities have said, and his brother confessed to a Libyan militia that the two of them belonged to Islamic State.
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23h London Markets: FTSE 100 wobbles with OPEC decision in sight
Market Watch
U.K. stocks dipped Thursday, with oil shares moving lower ahead of a production decision from the Organization of the Petroleum Exporting Countries.
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23h Futures Movers: Oil rallies as investors gear up for key OPEC meeting on output cuts
Market Watch
Investors take their last position ahead of the OPEC meeting on Thursday, as oil recoups some losses following a pullback.
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24h Updated Oil prices rise in anticipation of extended OPEC-led output cut
Reuters
SINGAPORE (Reuters) - Oil prices rose ahead of an OPEC meeting on Thursday that is expected to extend output cuts into 2018, adding at least nine months to an initial six-month curb in the first half of this year.
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25h Updated Slide Show: Forget Paris, these are the European spots you should visit this summer
Market Watch
The top ten European destinations this summer from Lonely Planet. And Paris isn’t one of them.
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25h The New York Post: Montana GOP candidate charged with assault after allegedly body slamming a reporter
Market Watch
Republican congressional candidate Greg Gianforte has been charged with misdemeanor assault for allegedly body slamming a reporter who was trying to ask him a question on the eve of a special election, law enforcement authorities hae said.
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25h Asia shares race to two-year high as Fed signals no rush to tighten
Reuters
TOKYO (Reuters) - Asian shares scaled two-year highs on Thursday while the dollar and U.S. bond yields slipped after the U.S. Federal Reserve signaled a cautious approach to future rate hikes and the reduction of its $4.5 trillion of bond holdings.
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25h U.S. oilfield service firms lag shale recovery; old deals hold
Reuters
HOUSTON (Reuters) - U.S. oil services companies have been doing a lot more work as recovering oil prices have lifted the shale industry from a two-year slump, but producers have been pocketing much of the new cash generated by rising output and squeezing service providers to keep costs down.
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26h Asia Markets: Asia stocks higher; South Korea shares soar as interest rates hold steady
Market Watch
South Korea’s stock market has been on a roll, hitting record highs as strong local corporate results and economic optimism propelled gains.
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26h Futures Movers: Oil reverses some losses as investors get ready for OPEC meeting
Market Watch
Investors take their last position ahead of the OPEC meeting on Thursday, as oil recoups some losses following a pullback.
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27h Harley-Davidson plans a Thailand factory to serve SE Asian market
Reuters
BANGKOK (Reuters) - Motorcycle maker Harley-Davidson Inc (HOG.N) said on Thursday it will build a plant in Thailand, a major Asian automotive hub, to serve the growing Southeast Asian market, a move criticized by a U.S. labor union.
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