Back News Friday, October 20, 2017
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40m Updated Key Words: Sean Penn rips Netflix over ‘reckless’ El Chapo documentary
Market Watch
Actor Sean Penn is lashing out at Netflix Inc. for its upcoming documentary series about Mexican drug lord Joaquin “El Chapo” Guzman for implying that he tipped his location to the U.S. Justice Department.
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41m Bond Report: Treasury yields jump as Senate passes budget bill, juices risk appetite
Market Watch
Treasury prices tumble early Friday, pushing yields firmly higher, as the Senate passed a budget late Thursday that was seen as a key bridge to reforming the U.S. tax code, delivering a further jolt to appetite for assets perceived as risky on Wall Street and away from the safety of government bonds.
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42m Updated Tim Mullaney: Does this market have another 10% to run?
Market Watch
It’s not farfetched to think the market could go up another 10% by the end of next year, writes Tim Mullaney.
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42m Updated MarketWatch First Take: Atlassian heads toward $10 billion market cap with a story to tell
Market Watch
Nearly two years after its initial public offering, Atlassian Inc. is heading toward a market cap of $10 billion and is unlikely to stop there.
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43m Market Extra: S&P 500 is set to match uncanny stock-market history on Friday—for doing almost nothing
Market Watch
How quiet is this record-setting stock market? By at least one measure, the S&P 500 index is on pace to register is lengthiest period of quiescence in more than two decades—and perhaps ever.
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49m Updated Key Words: Mnuchin has an important warning for stock-market investors
Market Watch
Beware stock market investors. Tax cuts are critical to maintaining their record-setting ascent, according to Steven Mnuchin.
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49m Trump tax reform hopes boost dollar, stocks, bond yields
Reuters
LONDON (Reuters) - European stocks, the dollar and bond yields climbed on Friday as investors speculated that the "Trumpflation trade" could be back in play, after the U.S. Senate approved a budget blueprint that paves the way for tax cuts.
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49m Market Snapshot: Dow, S&P 500 set to resume record run as Senate clears hurdle to tax reform
Market Watch
U.S. stocks were poised to open higher on Friday after news that the Senate has passed a budget for the next fiscal year, which will help pave the way for tax reforms seen as vital to keeping the stock market rally going.
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Playboy features model Ines Rau as first transgender Playmate52m Playboy features model Ines Rau as first transgender Playmate
USA Today
Ines Rau, 26, will be the centerfold in the first issue to publish since Playboy's founder Hugh Hefner died in September.
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55m Updated Key Words: Paul Ryan gets in a few Trump burns at Al Smith charity roast
Market Watch
Targeting Trump and Schumer, House Speaker Paul Ryan let the jabs fly at the 72nd annual Alfred E. Smith memorial charity dinner Thursday night.
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1h GE stock drops as profit misses, CEO cuts forecast
Reuters
(Reuters) - General Electric Co's third-quarter profit missed Wall Street estimates by a wide margin on Friday and the industrial conglomerate slashed its earnings forecast, sending the year's worst-performing Dow stock down another 6 percent.
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1h 3m Market Extra: ‘Trump trade has been reignited’ — analysts on what the Senate budget vote means for investors
Market Watch
Appetite for riskier assets may have gotten a big boost after the Senate passage a budget blueprint, paving the way for tax reform. Here’s what analysts are saying right now.
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1h 5m Updated Is Amazon getting into the pharmacy business? This is what you need to know
Market Watch
The massive online retailer with a reputation for disruption could be coming for the notoriously complex, opaque drug industry.
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1h 5m 3 reasons Express Scripts could be headed for trouble
Market Watch
Threatened by Amazon and having lost its biggest client, Express Scripts stock has dropped nearly 18% in three months.
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1h 7m Futures up after Senate clears a hurdle to tax cuts
Reuters
(Reuters) - U.S. stock index futures edged higher on Friday after the Senate cleared a budget blueprint, taking the Trump administration a step closer to fulfilling its promise of lowering taxes to stimulate growth.
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1h 22m Schlumberger warns of moderating North American activity
Reuters
(Reuters) - Schlumberger Ltd posted a bigger quarterly profit on Friday as its North American business continues to be helped by strong shale drilling, but the oilfield services giant said that investments in the region was moderating.
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1h 24m Updated London Markets: FTSE 100 gains as U.S. budget vote pushes pound lower
Market Watch
U.K. stocks on Friday marched higher, in part courtesy of a sagging pound against the U.S. dollar, with the moves swinging the benchmark FTSE 100 toward a potential weekly rise
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1h 25m Updated Key Words: George W. Bush decries ‘forces pulling us apart’
Market Watch
Like many others of his political leaning, Senator Jim Dabakis found himself in unfamiliar territory on Thursday morning.
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Why your 2018 Social Security check might not grow as much as you'd like1h 46m Why your 2018 Social Security check might not grow as much as you'd like
USA Today
A hidden cost could eat up much of your cost-of-living adjustment next year.
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How to shop smart for Medicare during annual enrollment1h 49m How to shop smart for Medicare during annual enrollment
USA Today
Every year, as sure as the sun rises in the east with mundane regularity, Medicare’s open enrollment period runs from Oct. 15 to Dec. 7.
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Pay: New service allows U.S. workers to get paid daily instead of weekly1h 49m Pay: New service allows U.S. workers to get paid daily instead of weekly
USA Today
The service lets employees tap half the pay they earn on a given day as soon as their shifts end.
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1h 49m Market Extra: ‘The Trump trade has been reignited’ — analysts on what the Senate budget vote means for investors
Market Watch
Appetite for riskier assets may have gotten a big boost after the Senate passage a budget blueprint, paving the way for tax reform. Here’s what analysts are saying right now.
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1h 49m Updated Amazon’s second headquarters could be curative or curse for winning city’s real-estate market
Market Watch
The housing market—as it relates to Amazon’s economic reach, its probable boost to demand for diverse housing types and the tension between homeowners sitting on higher home values versus buyers and renters pushed entirely out of the market—must be a major consideration as metro areas march forward in their pursuit to become the e-commerce giant’s second home.
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1h 56m Low pay, no bonus: U.S. retailers struggle with hiring
Reuters
(Reuters) - U.S. retailers are finding it increasingly difficult to hire employees for stores and for middle and higher management as low pay and a feeling of uncertainty clouds the industry following a spate of bankruptcies and store closures.
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2h Futures Movers: Oil selloff continues as traders question OPEC strategy
Market Watch
Oil prices move sharply lower for a second straight day on Friday, as traders worry that the current OPEC-led production cuts won’t be enough to reduce the global supply glut that’s keeping a lid on prices.
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2h Asia Markets: Japan’s Nikkei stretches winning streak; Hong Kong stocks in recovery mode
Market Watch
Early weakness in Japan and New Zealand stocks faded Friday, allowing benchmarks in those countries to narrowly continue their run of wins.
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2h Market Snapshot: Dow, S&P rev up for more records after Senate clears hurdle to tax reform
Market Watch
U.S. stocks were poised to open higher on Friday after news that the Senate has passed a budget for the next fiscal year, which will help pave the way for tax reforms seen as vital to keeping the stock market rally going.
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2h Updated Kobe Steel crisis deepens as plant inspected for breach of industrial law
Reuters
TOKYO (Reuters) - One of Kobe Steel Ltd's copper plants was being inspected for a possible breach of industrial standards, the government said on Friday, while the company said it was investigating reports it continued shipping products after discovering widespread tampering of product data.
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2h Europe Markets: European stocks nudge higher as Volvo rallies
Market Watch
European stocks edged higher Friday, with shares of Swedish truck maker Volvo leaping the most in six months after a bullish earnings report, but Spanish stocks were held back by tensions surrounding the Catalonia region.
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3h What Jack Bogle and Richard Thaler know about smart investing
Market Watch
A nudge is great, but sometimes, the best advice is to do nothing.
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3h Volvo shares hit record as earnings top forecasts on surging truck demand
CNBC
Sweden's AB Volvo reported a bigger-than-expected rise in quarterly core earnings on Friday as stronger demand for heavy trucks more than offset costs stemming from strains on its supply chain.
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3h Mark Hulbert: This tech giant is the No. 1 stock for top newsletter advisers
Market Watch
IBM’s shares are outperforming Apple’s and getting investors’ attention, writes Mark Hulbert.
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3h Metals Stocks: Gold drops to 2-week low, as dollar gains strength on tax reform hopes
Market Watch
The gold selloff resumed on Friday, with the metal falling to a two-week low as the dollar rallied on news that the Republican-controlled Senate passed a budget blueprint.
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3h The Wall Street Journal: Will these new retirement funds catch on?
Market Watch
The latest target-date funds focus on the task of managing a nest egg once retirement has started, including RMDs.
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3h NerdWallet: You won’t believe what it takes to sort out a pro athlete’s tax bill
Market Watch
Three tax experts who specialize in pro sports reveal a few surprises that routinely blindside new players.
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3h U.S. tax reform move boosts dollar, stocks, bond yields
Reuters
LONDON (Reuters) - European stocks, the dollar and bond yields climbed on Friday as investors speculated on the return of the "Trumpflation trade", after the U.S. Senate approved a budget blueprint that paves the way for tax cuts.
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3h Why you shouldn’t trust the recent gains in oil prices
Market Watch
While a warming of relations between Saudi Arabia and Russia is a positive for crude prices in the long term, but serious risks remain in the short term.
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3h Currencies: Dollar storms higher on revived hopes for tax cuts
Market Watch
The dollar kicked off trading on Friday in positive territory across the board, gaining after the U.S. Senate approved a budget blueprint for the 2018 fiscal year, which is seen as opening the door to tax reform. The pound fell as investors weighed up comments from a Bank of England official.
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3h Next Avenue: More people are taking part in drug trials. Should you?
Market Watch
The number of clinical drug trials has increased recently and researchers are looking for participants.
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3h UK business minister travels to Canada for talks on Bombardier deal
Reuters
LONDON (Reuters) - British Business Secretary Greg Clark will hold talks in Canada on Friday to discuss Airbus SE's plans to buy a majority stake in Bombardier's C-Series jetliner program aimed at helping it avoid high U.S. import tariffs.
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End of an era as Hong Kong stock trading floor set to close4h End of an era as Hong Kong stock trading floor set to close
USA Today
The bourse's operator says it will close the trading hall by the end of the month.
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4h Updated Tax Guy: 6 taxes only rich people have to pay
Market Watch
The wealthy pay their fair share — and then some.
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5h The Wall Street Journal: Senate Republicans push through budget proposal, clearing path to tax overhaul
Market Watch
Senate Republicans adopted a budget for the next fiscal year, clearing a critical hurdle in the GOP push to overhaul the tax code
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5h Updated Market Extra: OPEC beware: The rebound in U.S. shale oil production hasn’t peaked yet
Market Watch
The sharp rebound in U.S. shale oil production is showing no signs of tapering off and will likely keep a lid on oil prices in coming years even as OPEC continues to cut production, according to a number of industry experts.
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5h Updated Amazon’s ‘HQ2’ dance-off included a Dear John letter, a huge tax sweetener and a whole lot more
Market Watch
Most of the municipalities meeting Jeff Bezos and company’s stated criteria for the home of a secondary headquarters, and some falling short, have expressed at least provisional interest in attracting the planned 50,000 jobs, their $100,000 typical salary and the $5 billion initial investment proffered. On Thursday, the proposals were due.
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5h Market Snapshot: Dow, S&P shape up for more records after Senate clears big hurdle to tax reform
Market Watch
U.S. stocks were poised to open higher on Friday after news that the Senate has passed a budget for the next fiscal year, which will help pave the way for tax reforms seen as vital to keeping the stock market rally going.
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5h Updated Singapore Airlines to finalize $13.8 billion Boeing order next week
Reuters
SINGAPORE (Reuters) - Singapore Airlines Ltd said on Friday it will finalize an order for 39 Boeing Co aircraft worth $13.8 billion at list prices when Singaporean Prime Minister Lee Hsien Loong visits Washington D.C. next week.
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6h Australian car manufacturing ends as GM Holden closes plant
Reuters
SYDNEY (Reuters) - Australia's near 100-year automotive industry ended on Friday as GM Holden Ltd, a unit of U.S. carmaker General Motors Co , closed its plant in South Australia to move manufacturing to cheaper locations.
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6h Asian shares, dollar gain after U.S. Senate passes budget plan
Reuters
TOKYO (Reuters) - Asian shares and the dollar gained on Friday after the U.S. Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a tax-cut package without Democratic support.
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6h Updated Kobe Steel data fabrication continued after misconduct discovered: Nikkei
Reuters
TOKYO (Reuters) - Data fabrication at Kobe Steel Ltd continued at its aluminum and steel unit after an internal investigation discovered the misconduct, the Nikkei newspaper reported on Friday.
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7h Smart devices everywhere could start doing all the shopping and bill paying, firm says
CNBC
The expansion of the Internet of Things means smart devices could start doing the shopping and paying the bills.
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7h There’s a big change coming in Brussels — and it could be crucial for the euro zone
CNBC
The jobs of both the president of the Eurogroup and Euro Working Group will soon be up for grabs as incumbents step down at the end of the year.
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8h Updated The scary thing Hollywood does when it runs out of reboots
Market Watch
‘Happy Death Day’ is a genre-bending movie marketed as ‘Groundhog Day’ meets ‘Scream.’
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8h Updated This six-figure tech job had the biggest bump in salary over 10 years
Market Watch
A new study analyzed over 10,000 salary records to compare pay raises.
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9h Asia Markets: Asia-Pacific stocks start lower, edge back into positive territory
Market Watch
Early weakness in Japan, Australia and New Zealand stocks faded Friday morning, but Asia-Pacific markets overall lacked direction following weakness in Europe and swings on Wall Street.
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9h Asian shares perk up after U.S. Senate passes budget plan
Reuters
TOKYO (Reuters) - Asian shares shrugged off early sluggishness and gained on Friday, and the dollar rose after the U.S. Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a tax-cut package without Democratic support.
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10h Updated Asian shares edge higher, Fed chief speculation tempers appetite
Reuters
TOKYO (Reuters) - Asian shares inched slightly higher on Friday, but grappled for firmer leads as speculation about who the next U.S. central bank chief will be kept global investors wary.
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10h Ackman urges ADP to consider acquiring Ceridian amid proxy fight
Reuters
BOSTON (Reuters) - Activist investor William Ackman, currently battling for board seats at Automatic Data Processing Inc , on Thursday said the human resource software company should buy rival Ceridian, in a move that could woo customers with a better product.
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10h The Wall Street Journal: Senate Republicans approve budget proposal, clearing path to tax overhaul
Market Watch
Senate Republicans adopted a budget for the next fiscal year, clearing a critical hurdle in the GOP push to overhaul the tax code
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10h Japan government wants to get actively involved in Kobe Steel issue: trade minister
Reuters
TOKYO (Reuters) - The Japanese government wants to get actively involved in the issue of Kobe Steel's data fabrications, Hiroshige Seko, the minister of economy, trade and industry, said on Friday.
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11h The Wall Street Journal: Wal-Mart nears deal to add Lord & Taylor to its website
Market Watch
Wal-Mart Stores Inc. is near a deal to add Lord & Taylor to its website, part of a broader effort by the retail giant to build an online shopping destination that can compete with Amazon.com Inc., according to people familiar with the matter.
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11h The Wall Street Journal: Richard Spencer speaks in Gainesville amid heavy police presence
Market Watch
A speech on Thursday at the University of Florida by a white nationalist occurred amid a heavy law-enforcement presence.
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12h The Wall Street Journal: FBI joins investigation into deaths of U.S. troops in Niger
Market Watch
The Federal Bureau of Investigation has joined the investigation into how militants killed four American soldiers in Niger two weeks ago, an unusual move that comes as U.S. officials face growing criticism over their struggle to answer questions about the incident.
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Some cities are going to extraordinary lengths for Amazon HQ212h Some cities are going to extraordinary lengths for Amazon HQ2
USA Today
These places really want to host Amazon's second headquarters. Video provided by Newsy
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12h The Wall Street Journal: No breakthrough as May tries to revive Brexit talks with EU leaders
Market Watch
European leaders rebuffed British Prime Minister Theresa May’s pitch to revive stalled Brexit talks on Thursday, but German Chancellor Angela Merkel said she was confident negotiations would advance by December.
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Next to Nestlé bottled water pipeline, creek slows to a trickle12h Next to Nestlé bottled water pipeline, creek slows to a trickle
USA Today
The stark difference between two creeks may be result of Nestlé’s bottled water operation.
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13h California wildfire losses exceed $1 billion, insurance commissioner says
Market Watch
California’s recent wildfires have caused more than $1 billion in damage, according to a preliminary estimate Thursday from the state’s insurance commissioner, and that total is only expected to rise.
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Vermont businesses credit 25 percent of sales to Amazon13h Vermont businesses credit 25 percent of sales to Amazon
USA Today
Amazon says there are more than 5,000 "authors, sellers and developers" in Vermont selling on its website.
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4 wildest stunts for Amazon's second headquarters: Cities compete for 50,000 jobs13h Updated 4 wildest stunts for Amazon's second headquarters: Cities compete for 50,000 jobs
USA Today
Several American cities are delivering prime pitches to Amazon as the retail tech giant weighs its option for a second headquarters in North America.
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13h PayPal tops profit estimates, lifts target on mobile payments growth
Reuters
(Reuters) - Sharp growth in mobile payments led PayPal Holdings Inc to report a better-than-expected third-quarter profit on Thursday and lift its guidance for earnings through the rest of the year.
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13h Key Words: Quentin Tarantino admits he ‘knew enough’ about Harvey Weinstein, should have done something
Market Watch
Filmmaker Quentin Tarantino admitted Thursday that he knew about Harvey Weinstein’s alleged sexual misconduct for decades, and now wishes he had done something about it.
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5 IRS tax benefit adjustments you'll want to know about in 201814h Updated 5 IRS tax benefit adjustments you'll want to know about in 2018
USA Today
The IRS has raised the standard tax deduction for individuals and married couples, and made other tax changes for the 2018 tax year
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Target ramps up delivery, opens new stores14h Target ramps up delivery, opens new stores
USA Today
The big box retailer will expand delivery to neighborhoods throughout New York and is opening its newest small format store in the heart of Manhattan
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14h Dow, S&P 500 eke out record highs, turn up after Fed Powell report
Reuters
NEW YORK (Reuters) - The Dow and S&P 500 eked out record closing highs on Thursday, turning higher at the last minute after a Politico report that Federal Reserve Governor Jerome Powell is the leading candidate for the nominee for Fed chair.
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14h The Wall Street Journal: Bill targeting online political ads would close disclosure loophole
Market Watch
Driven by concerns about Russian online activity during the 2016 election, two senior Senate Democrats introduced new campaign finance legislation on Thursday that would force greater disclosure about the political advertising that runs online.
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Shares of United Airlines tumble after 3Q financial report14h Updated Shares of United Airlines tumble after 3Q financial report
USA Today
Analysts for evidence that adding more flights and slashing prices to match budget carriers are boosting the company’s financial performance.
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14h Updated MongoDB shares rally 34% in first day of trading above elevated IPO price
Market Watch
MongoDB Inc. shares rally out of the gate on their first day of trading Thursday, following in the footsteps of recent booming tech IPOs like Roku Inc. and Switch Inc.
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14h Updated S&P 500 ekes out record high, turns higher after Fed Powell report
Reuters
NEW YORK (Reuters) - The Dow and S&P 500 eked out record closing highs on Thursday, turning higher at the last minute after a Politico report that Federal Reserve Governor Jerome Powell is the leading candidate for the nominee for Fed chair.
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New McDonald's McCafe drinks a nightmare for franchisees14h New McDonald's McCafe drinks a nightmare for franchisees
USA Today
According to franchisees, McDonald's new McCafe beverages are a "mirror of Starbucks" and it's causing some problems.
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14h The Wall Street Journal: Hedge-fund billionaire Seth Klarman says canceling Puerto Rico debt ‘impractical’
Market Watch
Billionaire hedge-fund manager Seth Klarman questioned the wisdom of expunging Puerto Rico’s financial obligations in a Wednesday letter to his investors.
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Hey coffee drinkers: McDonald's McCafe drinks slow down service, drive-thrus14h Updated Hey coffee drinkers: McDonald's McCafe drinks slow down service, drive-thrus
USA Today
Some franchisees complain the more complex drinks take too much time for workers to make.
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14h Updated PayPal quarterly profit beats on higher mobile transaction volume
Reuters
(Reuters) - Payment processor PayPal Holdings Inc reported a better-than-expected quarterly profit on Thursday, helped by growth in mobile payments volume.
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15h Market Extra: Why are investors told to buy inflation protection, despite negligible risk since the recession?
Market Watch
The wealth management industry continues to push clients to buy a product intended to hedge against inflation, an increasingly illusory threat.
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15h Mexican auto lobby rejects U.S. NAFTA proposal on rules of origin
Reuters
MEXICO CITY (Reuters) - The Mexican Auto Industry Association (AMIA) on Thursday rejected U.S. proposals to increase North American content for autos produced in the region and require, under a new NAFTA deal, that half of all content come from the United States.
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Consumer Reports: Toyota tops for reliability -- and Cadillac is last15h Updated Consumer Reports: Toyota tops for reliability -- and Cadillac is last
USA Today
Asian automakers take the top three places, but Detroit shows some improvement
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15h Stocks making the biggest moves after hours: PYPL, CELG & more
CNBC
See which stocks are posting big moves after the bell.
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15h Market Extra: Hedge-fund assets hit record, even as fund closures continue to outpace launches
Market Watch
The hedge-fund industry, while still struggling with performance and fund closures, appears to be turning a quarter after a horrendous 2016.
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15h Updated Market Extra: Black Monday anniversary: How the 2017 stock market compares with 1987
Market Watch
It is the 30th anniversary of Black Monday, and while worries about market structure abound, investors shouldn’t compare the 2017 rally to the 1987 surge that preceded the most cataclysmic single day in Wall Street history.
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15h Updated Market Extra: 30 years after Black Monday, could stock market crash again?
Market Watch
It has been three decades since the most disastrous single day in U.S. stock market history, and investors can be forgiven for wondering if Wall Street learned its lesson.
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15h Whirlpool seeks 50 percent duties on LG, Samsung washers in U.S. trade case
Reuters
WASHINGTON (Reuters) - Whirlpool and GE Appliances asked a U.S. trade panel on Thursday to recommend 50 percent import duties on large residential washing machines to ensure that rivals LG and Samsung follow through on plans to shift washer production to the United States.
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15h NewsWatch: Amazon’s second headquarters could be curative or curse for winning city’s real-estate market
Market Watch
The housing market—as it relates to Amazon’s economic reach, its probable boost to demand for diverse housing types and the tension between homeowners sitting on higher home values versus buyers and renters pushed entirely out of the market—must be a major consideration as metro areas march forward in their pursuit to become the e-commerce giant’s second home.
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15h Airbus CSeries deal unlikely to spur quick boost in sales: Air Lease CEO
Reuters
MONTREAL (Reuters) - Airbus SE's deal with Bombardier boosts confidence in the CSeries jet program but may not spur many new sales until it is finalized and a U.S. trade dispute is resolved, the head of a major aircraft leasing firm said on Thursday.
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15h Bond Report: Treasury yields slip as geopolitical tensions rise; Trump seen favoring Powell for Fed boss
Market Watch
Treasury prices rose, pulling yields lower, on Thursday after the Spanish government said it would suspend Catalonia’s autonomy if the breakaway region doesn’t hold off on its independence bid.
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16h Market Snapshot: S&P 500, Dow shake off ghost of 1987 crash to finish at records
Market Watch
The S&P 500 and the Dow overcame selling pressure Thursday to finish at records as Wall Street quietly commemorated the 30th anniversary of the 1987 crash.
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16h Wall Street ends flat; late gains on Fed Powell report
Reuters
NEW YORK (Reuters) - U.S. stocks closed flat on Thursday, coming back from sharp losses after the open, while Apple fell more than 2 percent to lead a decline in technology shares.
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Black Monday: How this market differs from 1987 crash16h Updated Black Monday: How this market differs from 1987 crash
USA Today
Today's stock market has built-in shock absorbers designed to slow a market meltdown
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16h Under Armour, Gap add personal touch with subscription service launches
Market Watch
Companies like Stitch Fix, Trunk Show and Le Tote are taking market share from other online apparel retailers, reflecting the popularity of online styling and subscription services
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16h Updated Earnings Outlook: McDonald’s earnings: $1 drinks, premium sandwiches and digital will drive growth
Market Watch
McDonald’s Corp. is expected to announce third-quarter earnings on Oct. 24 before the opening bell.
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16h Why student loan companies are in danger of becoming like airlines
Market Watch
A new merger brings the number of major companies servicing government student loans down from 4 to 3
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16h Updated Dan Brown faces possible new plagiarism lawsuit over ‘The Da Vinci Code’
Market Watch
Author Jack Dunn prepares new case against Brown in U.K.
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16h Updated GE stock options point to big move after earnings, dividend cut
Market Watch
GE stock options are pricing in the biggest one-day, post-earnings move in over four years, and are implying a dividend cut.
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16h Paypal third-quarter profit rises 17.6 percent
Reuters
(Reuters) - Payment processor PayPal Holdings Inc reported a 17.6 percent rise in quarterly profit, helped by higher ecommerce spending.
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16h Facebook to launch news subscription feature, some big names opt out
Reuters
(Reuters) - Facebook Inc said on Thursday it has signed up 10 news publishers including the Washington Post and The Economist to take part in a trial that gives its mobile app users access to a limited number of articles a month and then the option to subscribe via the publishers' own websites.
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iPhone 8 seems to have an iPhone X problem. Awkward.16h Updated iPhone 8 seems to have an iPhone X problem. Awkward.
USA Today
Reports indicate that smartphone buyers are holding out for the iPhone X, sparking fears that demand for the iPhone 8 isn't as strong as anticipated.
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16h Updated The Margin: 10 ‘unexpected’ bargains at Costco
Market Watch
A virtual lovefest erupted in Reddit’s “Frugal” message board this week after a contributor known as yellowraincoat said she pocketed some “unexpected” savings when she finally decided to give a Costco membership a whirl.
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Qualcomm CEO is staying confident through trying times16h Qualcomm CEO is staying confident through trying times
USA Today
Steve Mollenkopf believes Qualcomm’s investment in the 'internet of things' positions them for unlimited potential.
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16h The Wall Street Journal: Wal-Mart close to deal that would add Lord & Taylor to its e-commerce site
Market Watch
Wal-Mart, in yet another effort to battle Amazon, is closing in on a deal that would give department store Lord & Taylor dedicated space on its site.
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16h U.S. auto reliability dented by new technology; electric cars fare better: report
Reuters
DETROIT (Reuters) - New technology to stream music into dashboards or boost fuel efficiency is making cars less reliable, although electric cars such as the Tesla Model 3 and the Chevrolet Bolt should fare better than many conventional models, Consumer Reports magazine said on Thursday.
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16h Medill News Service: The wage gap will always trump immigration barriers, World Bank official says
Market Watch
No matter what roadblocks are put in place, at the end of the day it’s economics and in particular wage gaps that drive immigration flows, a World Bank expert said Thursday
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17h Tesla’s Model 3 likely to be ‘average’ in reliability, Consumer Reports says
Market Watch
Consumer Reports predicts the Tesla Model 3 will be ‘average’ in reliability, and Tesla shots back.
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17h Wall Street pauses after record highs; tech a drag
Reuters
NEW YORK (Reuters) - U.S. stocks were flat on Thursday, pausing after their recent run of record highs, as technology shares dragged and some earnings disappointed.
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17h PayPal earnings expected after the market close
CNBC
PayPal is expected to report earnings after the bell Thursday a week after its stock closed at a 52-week high.
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17h Earnings Outlook: Internet TV platforms expected to soften cord-cutting blows for media in third quarter
Market Watch
Cord-cutting is still at the forefront of third-quarter earnings for media companies, the majority of which begin reporting next week.
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17h Updated Market Extra: S&P 500 a day away from matching uncanny stock-market history—for doing almost nothing
Market Watch
How quiet is this stock market? By at least one measure, the S&P 500 is on pace to register is lengthiest period of quiescence in more than two decades.
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17h The New York Post: Kelly defends Trump’s call to Gold Star widow
Market Watch
White House Chief of Staff John Kelly, who lost his Marine lieutenant son in Afghanistan, on Thursday defended President Trump’s handling of a controversial call to a Gold Star widow
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Did you know that Amazon has wind and solar farms?17h Did you know that Amazon has wind and solar farms?
USA Today
Jeff Bezos just christened a new one in Texas.
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17h Futures Movers: Oil ends lower after 4-session climb sends prices to highest levels in weeks
Market Watch
Oil futures end lower Thursday, pulling back after four-consecutive sessions of gains lift prices to their highest levels in weeks.
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Coffins and 9 other 'unexpected' Costco finds17h Coffins and 9 other 'unexpected' Costco finds
USA Today
We've picked out the greatest deals Costco offers shoppers... one of them is a coffin! Nathan Rousseau Smith (@FantasticMrNate) has the story.
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Leonardo Da Vinci's 'Male Mona Lisa' can be yours for just $100M (or more)17h Updated Leonardo Da Vinci's 'Male Mona Lisa' can be yours for just $100M (or more)
USA Today
The painting vanished for centuries, then turned up in England in 1958 where it sold for £45 as a work from another artist.
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Verizon sees more signs of pay-TV cord cutting17h Updated Verizon sees more signs of pay-TV cord cutting
USA Today
Verizon saw more evidence of consumers' embrace of broadband-delivered TV with additions of new Fios broadband customers, but a decline in Fios video.
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Kohl's fights back in retail battle by aligning with Amazon17h Kohl's fights back in retail battle by aligning with Amazon
USA Today
Kohl's is offering Amazon a physical foothold to promote its increasingly popular smart-home devices.
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17h UnderArmour, Gap add personal touch with subscription service launches
Market Watch
Companies like Stitch Fix, Trunk Show and Le Tote are taking market share from other online apparel retailers, reflecting the popularity of online styling and subscription services
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Delta 'in fabulous shape' as CEO discusses upgrades, Bombardier and more17h Updated Delta 'in fabulous shape' as CEO discusses upgrades, Bombardier and more
USA Today
CEO addressed topics such as Boeing’s contentious battle with Canadian jetmaker Bombardier and Delta's efforts to distance itself from U.S. rivals on service.
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17h Updated Key Words: Goldman’s Blankfein loves Frankfurt, trolls U.K. over Brexit
Market Watch
Lloyd Blankfein’s Twitter troll game is strong Thursday, with the Goldman boss firing a shot at the U.K. over Brexit by extolling the virtues of Germany’s financial capital.
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See the cities hoping to land 50,000 Amazon jobs, headquarters17h Updated See the cities hoping to land 50,000 Amazon jobs, headquarters
USA Today
Dozens of cities bidding for the second Amazon headquarters, where the company has promised to invest $5 billion and add up to 50,000 jobs.
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17h In One Chart: BlackRock is worried about North Korea, but not as much as it’s worried about this
Market Watch
There’s plenty for investors to chew their fingernails down to the nub over in today’s unsettled global landscape, but nothing poses more of a geopolitical risk to markets than the North American trade negotiations, according to Isabelle Mateos y Lago, BlackRock’s chief multiasset strategist.
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17h Updated When he’s not on the field, pro soccer’s Amobi Okugo is the ‘Frugal Athlete’
Market Watch
The Major League Soccer star’s year-old site combines financial advice, media analysis and consumer-friendly news-you-can-use.
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17h Capitol Report: Trump gives Puerto Rico response a ‘10’ as most of island remains without power
Market Watch
President Donald Trump gave the federal response to hurricane-battered Puerto Rico a “10” on Thursday, but by several measures the island is operating at much lower than a perfect score.
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18h The New York Post: This list of Hollywood’s most profitable stars is hard to believe
Market Watch
Analysts from PartyCasino have studied box-office data from 1980 to 2017 and found that Emilio Estevez delivered the best return of any top-billed male actor who has starred in at least 10 films.
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18h Updated In One Chart: All of the important Dow milestones in one chart
Market Watch
Just over two months after hitting 22,000, the Dow Jones Industrial Average made history again on Wednesday closing above the psychologically significant level at 23,000. Here’s a look at the other 1,000-point milestones
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18h What Americans of every age should know about the state of retirement today
Market Watch
Exercise really does help and Social Security might still be around when millennials retire.
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Mass EV adoption could lead to $10 oil18h Mass EV adoption could lead to $10 oil
USA Today
The adoption of electric vehicles could lead to global peak oil demand as soon as 2023, which will result in oil prices crashing to $10.
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18h Microsoft expands rural U.S. campaign with Green Bay Packers tie-up
Reuters
SAN FRANCISCO (Reuters) - Microsoft Corp has teamed up with the National Football League's Green Bay Packers in a $10 million partnership intended to spur tech innovation in Wisconsin, the software company said on Thursday.
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Is Black Friday no longer relevant?18h Is Black Friday no longer relevant?
USA Today
There probably won’t be much of a frenzy at the mall this upcoming Black Friday. Veuer's Natasha Abellard(@NatashaAbellard) has the story.
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18h Market Snapshot: Dow trades off session lows but slumps on 30th anniversary of 1987 crash
Market Watch
U.S. stock benchmarks on Thursday trim early losses but are still in negative territory a day after posting a trio of all-time highs and closing above the psychologically important level of 23,000 for the Dow.
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Hey coffee drinkers: McDonald's McCafe drinks slow down service, drive-thrus: Analyst18h Hey coffee drinkers: McDonald's McCafe drinks slow down service, drive-thrus: Analyst
USA Today
Some franchisees complain the more complex drinks take too much time for workers to make.
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18h Updated This fund manager says avoid Netflix altogether—don’t even short the stock
Market Watch
Netflix Inc. shares set a fresh record in early trade Tuesday after stronger-than-expected third-quarter revenue growth, but one investor is not impressed.
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18h Updated Retailers should get ready for another stressful year in 2018
Market Watch
The stress in the retail sector that has triggered a string of bankruptcies this year is unlikely to get much better in 2018, according to Fitch Ratings.
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Family that got creepy letters from house ‘Watcher’ has day in court18h Family that got creepy letters from house ‘Watcher’ has day in court
USA Today
Current owners of the New Jersey 'Watcher' home accused the previous owners of not disclosing information about a series of disturbing letters.
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18h The 5 best movies featuring Black Monday
Market Watch
The best film depictions of that fateful day.
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McDonald's McCafe drinks slow down service, drive-thrus: Report19h McDonald's McCafe drinks slow down service, drive-thrus: Report
USA Today
Some franchisees complain the more complex drinks take too much time for workers to make.
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19h Updated Called to Account: SEC is once again ‘guiding’ companies on their use of non-GAAP numbers
Market Watch
The Securities and Exchange Commission published a lengthy update Tuesday to its May 2016 guidelines for non-standard accounting metrics, the supplemental numbers companies use to explain their results that can confuse and mislead investors.
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19h Why HR isn’t necessarily your friend if your boss has sexually harassed or bullied you
Market Watch
Workers facing situations like Harvey and Bob Weinstein’s employees have limited options for recourse.
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19h Updated Hollywood’s box office failures go beyond Rotten Tomatoes ratings
Market Watch
Studios blamed critics and Rotten Tomatoes for box office bombs this summer, but critically-adored films that are struggling show it’s more complicated than that.
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19h Updated The Ratings Game: Ebay shares sink 6% after weak guidance, but analysts say growth is on the way
Market Watch
Ebay is on the path to growth, optimistic analysts say, but its soft guidance has sent shares down
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19h Target CEO says small-format stores twice as productive as traditional
Reuters
NEW YORK (Reuters) - Sales per square foot at Target Corp's 44 small-format stores are "easily double" that at traditional stores, Target Chief Executive Brian Cornell said on Thursday, after the retailer announced 11 new small-format stores opening this week.
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This bagel will cost you $1,00019h This bagel will cost you $1,000
USA Today
New York City is really big on bagels, but this one takes the ... bagel.
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19h Apple drags down Wall Street from record highs
Reuters
(Reuters) - Losses in Apple stalled Wall Street's record run on Thursday as worries over slack demand for iPhone 8 sent its shares down 2.5 percent.
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19h Updated GM to settle state ignition claims for $120 million
Reuters
WASHINGTON (Reuters) - General Motors Co on Thursday agreed to pay $120 million to resolve claims from 49 U.S. states and the District of Columbia over faulty ignition switches, state attorneys general said.
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SeaWorld is laying off 350 workers19h SeaWorld is laying off 350 workers
USA Today
SeaWorld lays off 350 people. Elizabeth Keatinge (@elizkeatinge) has more.
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Tesla improves in Consumer Reports survey -- but what about Model 3?19h Tesla improves in Consumer Reports survey -- but what about Model 3?
USA Today
The electric car automaker sees a higher rating for the Model S -- and a prediction for the Model 3
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Kohl's makes move in retail battle with Amazon devices19h Kohl's makes move in retail battle with Amazon devices
USA Today
Kohl's is offering Amazon a physical foothold to promote its increasingly popular smart-home devices.
 Like Reply
Kohl's is now selling Amazon devices and accepting returns19h Updated Kohl's is now selling Amazon devices and accepting returns
USA Today
Kohl's is offering Amazon a physical foothold to promote its increasingly popular smart-home devices.
 Like Reply
These award-winning Bose headphones are nearly half off right now19h These award-winning Bose headphones are nearly half off right now
USA Today
The Bose QuitComfort 25 over-ear wired headphones are great for noise cancellation, but it's even better when you can save nearly 50%.
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20h U.S. jobless claims hit 44-1/2-year low; mid-Atlantic factories humming
Reuters
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits dropped to its lowest level in more than 44-1/2 years last week, pointing to a rebound in job growth after a hurricane-related decline in employment in September.
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20h The Fed: Don’t kid yourself — John Taylor’s a hawk, analyst says
Market Watch
Is John Taylor really as much as a hawk as he sounds? Yes, the Fed chief candidate is.
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20h Why are so many romance novelists white?
Market Watch
The authors, as well as the characters, are rarely people of color
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20h Updated London Markets: FTSE 100 gives up ground; Unilever falls after hurricanes hurt sales
Market Watch
U.K. stocks end lower Thursday as shares of Unilever weigh and as weaker-than-expected retail-sales data cool buying appetite.
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20h United Airlines shares tumble as fourth quarter guidance underwhelms
Reuters
(Reuters) - United Airlines shares fell sharply on Thursday, losing as much as 11.5 percent in midday trading as investors sold the carrier's shares after it released disappointing forecasts for the fourth quarter.
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20h New York Yankees venture into esports industry with new partnership
CNBC
The New York Yankees just became the latest in a growing number of traditional sports franchises to jump into esports.
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20h How scans of your brain could change the future of retail
Market Watch
Researchers found that brain activity was a better predictor of consumer preferences than questionnaires.
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20h 3 reasons Anthem’s latest move could signal long-term trouble for Express Scripts
Market Watch
Threatened by Amazon and having lost its biggest client, Express Scripts stock has dropped nearly 18% in three months.
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20h Market Extra: These are the countries that treat investors the best (and the worst)
Market Watch
The U.S. has been a good place to invest this year, based on returns. It is also the best country to be an investor, according to a Morningstar survey.
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20h Europe Markets: European stocks dragged to 3-week low by Catalonia, China concerns
Market Watch
An escalation of political tensions in Spain, a clutch of disappointing corporate updates and concerns about growth in China prompted investors on Thursday to yank down European stocks.
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20h Updated : Standoff in Spain intensifies, as government gears up to strip autonomy from Catalonia
Market Watch
Spain’s crisis with Catalonia deepens Thursday as the government says it will take action to start implementing Article 155 in which it removes powers from the region. That comes after the Catalan government refused to back away from an independence proclamation.
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20h Outside the Box: Americans are still terrible at investing, annual study once again shows
Market Watch
It’s not about fees or unscrupulous advisers — it’s that we lack the patience to hold investments for more than a few years. By Lance Roberts.
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20h NewsWatch: Black Monday anniversary: How the 2017 stock market compares with 1987
Market Watch
It is the 30th anniversary of Black Monday, and while worries about market structure abound, investors shouldn’t compare the 2017 rally to the 1987 surge that preceded the most cataclysmic single day in Wall Street history.
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4 ways to save on Halloween costumes, candy and more20h 4 ways to save on Halloween costumes, candy and more
USA Today
Halloween spending will reach scarry levels this year at $9.1 billion. Here are a few tricks to save.
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20h Updated Deep Dive: Three money managers who lived through the 1987 stock-market crash warn of danger today
Market Watch
‘I would take some money off now because ... there are clear signs of deranged valuations,’ says Gabelli fund manager Lawrence Haverty.
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21h Stocks retreat from record, U.S. Treasury yields slip
Reuters
NEW YORK (Reuters) - World stock markets broadly retreated amid investor caution after a flurry of tepid corporate earnings reports from around the globe, stoking demand instead for safer assets like U.S. Treasuries, pushing yields lower.
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21h Key Words: 41-year-old Donald Trump’s take on Black Monday? Exactly what you’d expect it to be
Market Watch
If Twitter had existed in the aftermath of Black Monday back in 1987, his comment to The Wall Street Journal would have made for the most Donald Trump tweet ever.
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Verizon gains wireless subscribers21h Verizon gains wireless subscribers
USA Today
The U.S.' largest carrier added more phone subscribers than Wall Street expected in the latest quarter. Fred Katayama reports. Video provided by Reuters
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New Microsoft Windows 10 update adds to 3D, security21h Updated New Microsoft Windows 10 update adds to 3D, security
USA Today
Along with the release of the Windows 10 Fall Creators update, Microsoft unleashes the pricey Surface Book 2 laptop
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21h Economic Report: Mortgage rates snap their streak higher as Fed chair auditions heat up
Market Watch
Rates for home loans slid lower alongside bond yields in the most recent week, according to Freddie Mac data.
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Retail credit cards can be worthwhile if used properly21h Retail credit cards can be worthwhile if used properly
USA Today
Retail, or store-branded, credit cards have high interest rates, but they could still be worthwhile if you use them properly.
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21h Apple stock’s worst day in 2 months accounts for over half of Dow’s drop
Market Watch
Apple’s stock tumbles toward its worst day in over two months, amid a broad selloff in the tech sector.
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21h Metals Stocks: Gold prices on pace to end streak of declines
Market Watch
Gold prices trade higher on Thursday, on track to snap a three-session skid as political drama in the eurozone rattles investor confidence and the U.S. dollar and equities decline, lifting investment demand for the haven asset.
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21h Updated Verizon quarterly revenue tops estimates as subscribers rise
Reuters
NEW YORK (Reuters) - Verizon Communications Inc's quarterly revenue topped Wall Street analyst estimates on Thursday and the company added more phone subscribers than expected, sending shares of the No. 1 U.S. wireless carrier up in mid-morning trading.
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The 5 youngest billionaires in America21h The 5 youngest billionaires in America
USA Today
They may be young, but they're loaded. Here are the 5 youngest billionaires in America
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21h Market Snapshot: Dow slips as stocks retreat from records on 30th anniversary of 1987 crash
Market Watch
U.S. stock benchmarks on Thursday slump after posting a trio of all-time highs and closing above the psychologically important level of 23,000 for the Dow. Modest losses are driven by a slump in technology and financials shares.
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21h Visitors are still flocking to Mexico despite U.S. warnings
Market Watch
Big tourist hubs were affected by the latest travel advisory.
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21h Updated Did you hear about the Whole Foods data breach?
Market Watch
Whole Foods announced a data breach as consumers were scrambling to understand a much bigger breach at Equifax. Was that timing merely a coincidence?
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21h Updated Thirty years ago this week, Wall Street slid into the abyss
Reuters
NEW YORK (Reuters) - Thirty years ago, before heading to work at the New York Stock Exchange, Peter Kenny left his home in lower Manhattan and made a detour to the nearby Our Lady of Victory church to pray to St. Jude, the Roman Catholic patron saint of desperate and lost causes.
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21h Updated Could the 1987 stock market crash happen again?
Reuters
NEW YORK (Reuters) - On the 30th anniversary of the 1987 stock market crash, U.S. stocks are at a record high and investors are concerned that steep valuations may mean a correction is overdue, despite healthy corporate earnings and economic growth.
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21h This is how much time your kids should spend in front of a screen
Market Watch
Most parents don’t know how to regulate their children’s use of gadgets.
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21h Updated MongoDB IPO: 5 things to know about database-software company
Market Watch
MongoDB Inc. is the next big tech initial public offering after booming debuts from Roku Inc. and Switch Inc., as the database software startup valued at more than $1.5 billion looks to increase its “financial flexibility.”
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21h Updated The Fed: With Trump set to meet Yellen, Pence reportedly backs Taylor to lead Fed
Market Watch
On the day Federal Reserve Chairwoman Janet Yellen is set to meet President Donald Trump, a published report suggested that Vice President Mike Pence favors Stanford economist John Taylor.
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21h ETF Focus: Investors pile into overseas ETFs, as U.S. stocks test records
Market Watch
U.S. investors are increasingly looking abroad as they consider how to construct and position their portfolios, a trend that continued over the past week as exchange-traded funds for emerging markets and other overseas regions were among the most adopted.
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21h Key Words: Attorney General Sessions tells senators he won’t forswear the jailing of journalists
Market Watch
Head of Justice Department in Senate testimony paid none of the traditional obeisance to the important role played by a free press in a democratic society, says Sen. Amy Klobochar.
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21h This simple investment strategy could protect you if the U.S. stock market cracks
Market Watch
The key is neutralizing risk, and you can do that with a ‘short’ ETF, says Thomas H. Kee Jr.
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21h A geopolitical row with China damages South Korean business further
The Economist
IN A cosmetics emporium in central Seoul, rows of snail-slime face-masks sit untouched. Not long ago, visiting Chinese tourists would snap these up as avidly as a designer handbag in New York or anything from London featuring the Queen. Yet now their rejuvenating properties are failing to lure the country’s shoppers. Seo Sung-hae, a salesman, says business has slowed to a snail’s pace, because of a drop in the number of Chinese visitors. “We used to have 100 customers a day, but after THAAD, there are almost none,” he says.   THAAD, or Terminal High Altitude Area Defence, is an American missile-defence system designed to guard against North Korea that was installed in South Korea starting in March. Chinese authorities protest that its radar could be used to spy on its territory. Chinese newspapers have encouraged consumers to boycott South Korean goods. The plan was to “bully” Korea into ditching...
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21h A property billionaire rescues Harvey Weinstein’s studio
The Economist
AS DISTRESSED assets go, the Weinstein Company (TWC) is uniquely distressing. Much of its value was bound up in the brands of its eponymous founding brothers, one of whom, Harvey Weinstein, has been accused of sexual harassment and of assault by dozens of women in the film industry in America and elsewhere. Amazon Studios, Apple and some television networks have hastened to cut ties with the studio, unwind production deals and remove Mr Weinstein’s name from credits. Mr Weinstein’s accusers may well sue the company. It was already heavily indebted after a recent string of box-office flops. Who would see an opportunity? Aside from TWC’s particular troubles, independent films are a tough business, and the studio has had to haggle with creditors. But for a vulture investor some of the studio’s assets hold value. On October 16th Thomas Barrack (pictured above), chairman of Colony Capital, a private-equity firm, said he would immediately put an undisclosed sum of cash into TWC and look...
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21h Saudi Aramco’s IPO is a mess
The Economist
THE proposal to sell shares in Saudi Aramco, the world’s biggest oil company, stunned the financial markets last year. Muhammad bin Salman, now Saudi Arabia’s crown prince, promised that it would be the biggest initial public offering (IPO) of all time, valuing Aramco at $2trn. It was to be the centrepiece of his plan to transform the Saudi economy, reducing its dependence on oil. It was meant to foster financial transparency and accountability in one of the world’s most hermetic kingdoms. Above all, it would cement the young prince’s image as a bold moderniser soon to inherit the throne. Alas, youthful impatience appears to have got the better of him. His tendency to micromanage the IPO and vacillate over where Aramco should be listed has caused delay and confusion. Matters came to a head this week when advisers, speaking anonymously, and company executives doing the same, gave conflicting reports, suggesting a mutinous atmosphere. The kingdom’s advisers say...
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21h Why Airbus’s tie-up with Bombardier is so damaging for Boeing
The Economist
LIKE an airliner in service, Bombardier’s C-Series programme has had multiple highs and lows. In 2008 the Canadian firm began its attempt to break Airbus and Boeing’s duopoly on smaller jets, spooking the pair into upgrading their own models. Costs and delays pushed it near bankruptcy in 2015, followed by a bail-out from the Quebec government worth C$2.8bn ($2.2bn). The next year an order for 75 C-Series jets from Delta, the world’s third-biggest carrier, kept the programme aloft. But decisions in September and October by America’s Commerce Department to agree to demands by Boeing, an aerospace giant, to impose a total tariff of 300% on importing those planes into America risked the C-Series project crashing once and for all. On October 16th came a surprise surge. Bombardier said it would hand over half the project to Airbus, a European aerospace firm, free of charge. Bombardier and Investissement Québec, the province’s...
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21h An Indian aviation visionary runs into bureaucratic turbulence
The Economist
ALL great aviation ventures start with mavericks willing to defy both the laws of physics and the scepticism of their peers. William Boeing, Oleg Antonov and Howard Hughes are some of the best-known examples. Next, perhaps, is Amol Yadav, who for much of the past decade has been building aeroplanes on the roof of the Mumbai flat he shares with 18 family members, and battling the Indian authorities to let him fly them. Admittedly, only experts would be able to distinguish the six-seater propeller plane (pictured) Mr Yadav has designed from scratch from a run-of-the-mill Cessna. But his plane is the only one in decades with wholly Indian credentials, he says. Much larger outfits have tried but struggled to get an indigenous craft certified for production, including National Aerospace Laboratories, one of several state-owned aviation mastodons. Self-identified visionaries are commonplace in...
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21h IBM lags in cloud computing and AI. Can tech’s great survivor recover?
The Economist
TECHNOLOGY giants are a bit like dinosaurs. Most do not adapt successfully to a new age—a “platform shift” in the lingo. A few make it through two and even three. But only a single company spans them all: IBM, which is more than a century old, having started as a maker of tabulating machines that were fed with punch cards. Yet after 21 quarters with falling year-on-year revenues (see chart), doubts had been growing about whether IBM would manage the latest big shifts: the move into the cloud, meaning computing delivered as an online service; and the rise of artificial intelligence (AI), which is a label for...
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21h Multilateral lenders vow openness about their carbon footprints
The Economist
THE World Bank gets a lot of flak. Developing countries clamour for a bigger role in its management. President Donald Trump’s administration lambasts it for lending too much to China. Employees are in open rebellion against their boss, Jim Yong Kim. Now the embattled institution faces criticism from a traditionally friendlier quarter: environmentalists. They accuse it and other multilateral development banks (MDBs) of not being upfront about their true carbon footprint. That must hurt. After all, MDBs pioneered climate-friendly finance. Ten years ago the European Investment Bank issued the world’s first green bond to bolster renewables and energy-efficiency schemes. The World Bank has not backed a coal-fired plant since 2010. In 2011-16 it and the five big regional lenders in the Americas, Asia, Africa and Europe offered developing countries a total of $158bn to help combat climate change and adapt to its effects. They disclose the amount of carbon dioxide emitted by their day-to-day...
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21h A Lloyd’s report urges insurers to ask “what if?”
The Economist
ON JULY 7th disaster was narrowly averted when an Air Canada passenger plane, trying to land on a full taxiway at San Francisco airport, pulled up just in time. Five seconds longer, and it might have crashed into fully loaded planes and killed over 500 people, in potentially the deadliest aviation disaster ever. Instead, the incident became a non-event—not just in collective memory but also in insurance. With no losses, there was nothing to log. Yet ignoring such near-misses, argues a report published this week by Lloyd’s of London, an insurance market, and RMS, a risk-modeller, is a missed opportunity. Counterfactual “what if” thinking may be an enjoyable pastime for historians—“What if Hitler had been assassinated?” being one favourite—but is not common among underwriters. They prefer to base estimates of future risk—and hence premiums—on hard data of what happened in the past, eg, the number of aeroplanes that crashed and the total losses incurred. Since actual...
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21h A rash of bankruptcies hits Chinese lenders backed by state firms
The Economist
THE Communist Party dominates China’s economy and uses state-run companies, which it controls with an iron fist, to enforce its diktats. Or so the theory goes. Reality is messier: the party often struggles to monitor state-owned enterprises (SOEs), let alone to get them to toe its line. As it convenes its five-yearly congress, one of the financial system’s dodgiest corners has served up a reminder of the limits to its power. In the past two months at least seven online lenders backed by SOEs have collapsed. It was a business none should have been in, far removed from the industries they were supposed to focus on. The money potentially lost is trivial—roughly 1bn yuan ($150m), compared with government assets worth more than 100trn yuan. Still, these cases highlight how hard it is for the party to stamp its authority on the vast state sector. The troubled SOEs include distant subsidiaries of the national nuclear company, an aviation company and a big energy company in...
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21h Workers are not switching jobs more often
The Economist
EVERYBODY knows—or at least thinks he knows—that a millennial with one job must be after a new one. Today’s youngsters are thought to have little loyalty towards their employers and to be prone to “job-hop”. Millennials (ie, those born after about 1982) are indeed more likely to switch jobs than their older colleagues. But that is more a result of how old they are than of the era they were born in. In America at least, average job tenures have barely changed in recent decades. Data from America’s Bureau of Labour Statistics show workers aged 25 and over now spend a median of 5.1 years with their employers, slightly more than in 1983 (see chart). Job tenure has declined for the lower end of that age group, but only slightly. Men between the ages of 25 and 34 now spend a median of 2.9 years with each employer, down from 3.2 years in 1983. It is middle-aged men whose relationship with their employers has changed most dramatically. Partly because of a collapse in the...
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21h Economic Report: Mortgage rates snap their higher streak as Fed chair ‘reality show’ heats up
Market Watch
Rates for home loans slid lower alongside bond yields in the most recent week, according to Freddie Mac data.
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21h Market Extra: Here’s how the 2017 stock market compares with 1987 on 30th anniversary of Black Monday crash
Market Watch
It is the 30th anniversary of Black Monday, and while worries about market structure abound, investors shouldn’t compare the 2017 rally to the 1987 surge that preceded the most cataclysmic single day in Wall Street history.
 Like Reply
21h Updated The Margin: Court sides with John Deere in barring farm-equipment rival’s use of green and yellow
Market Watch
It took 107 pages to publish a ruling that bans any farm-machinery maker except Deere & Co. from using green in combination with yellow for their equipment.
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22h Updated In One Chart: The death of the gas-powered car, in one chart
Market Watch
A global tipping point for electric cars could come as early as 2022, analysts at Bank of America Merrill Lynch said in a note.
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22h Updated Hollywood has never seen competition like Netflix
Market Watch
Netflix Inc. is planning to release 80 films in 2018, which by Hollywood standards seems inconceivable.
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22h Updated Is your hedge-fund manager a psychopath? Why that could be bad for your returns
Market Watch
Researchers’ findings challenge the popular image of cold and calculating Wall Street titans.
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U.S. unemployment claims fall to 222,000, lowest in 44 years22h U.S. unemployment claims fall to 222,000, lowest in 44 years
USA Today
The overall number of Americans collecting unemployment checks dropped to 1.89 million, lowest since December 1973 and down nearly 9% from a year ago.
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22h Updated Nissan to suspend domestic production of cars for Japan market
Reuters
TOKYO (Reuters) - Nissan Motor Co Ltd is suspending domestic production of vehicles for the Japanese market for at least two weeks to address misconduct in its final inspection procedures that led to a major recall, it said on Thursday.
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22h Market Extra: Here’s how the stock market stacks up on 30th anniversary of 1987 crash
Market Watch
It is the 30th anniversary of Black Monday, and while worries about market structure abound, investors shouldn’t compare the 2017 rally to the 1987 surge that preceded the most cataclysmic single day in Wall Street history.
 Like Reply
Wind turbine technician is the fastest-growing job in America22h Wind turbine technician is the fastest-growing job in America
USA Today
Wind energy is booming in Middle America and creating a huge demand for workers who can keep turbines spinning. Video provided by Newsy
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22h Updated More than half of LGBT workers face repeated bullying
Market Watch
Why LGBT discrimination is bad for business.
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22h Updated The Wall Street Journal: Try these 4 exercises to start the money conversation with your spouse
Market Watch
Money is often one the biggest topics that separates couples. Here’s how to break the ice.
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22h Economic Report: Mortgage rates snap rising streak as Fed chair reality show heats up
Market Watch
Rates for home loans slid lower alongside bond yields in the most recent week, according to Freddie Mac data.
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22h Updated Next Avenue: Most Americans are unprepared for the skyrocketing cost of long-term care
Market Watch
The cost of long-term care keeps rising, and most Americans mistakenly think that Medicare will pay for it.
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22h Updated Next Avenue: How to recover from a financial setback
Market Watch
These financial resilience strategies can help you rebound faster and stronger.
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22h Updated NerdWallet: How to build a CD ladder
Market Watch
A CD ladder will get you higher interest rates without sacrificing accessibility.
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22h Updated Grow: Earn passive income: 4 people share their successful strategies
Market Watch
Say hello to passive income—a low-effort cash flow that’s steady, predictable and relatively easy to maintain.
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22h Market Snapshot: Dow stumbles on 30th anniversary of 1987 crash
Market Watch
U.S. stock benchmarks on Thursday slump after posting a trio of all-time highs and closing above the psychologically important level of 23,000 for the Dow. Modest losses are driven by a slump in technology and financials shares.
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23h Unilever Cost-Cutting Turns Out to Be Twisty Path to Profits
The Wall Street Journal
The Anglo-Dutch consumer giant has been hit by upstart competitors like ice-cream brand Halo Top, as brand-building is a less predictable business than it used to be.
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23h Updated Major League Soccer’s Amobi Okugo has a side hustle: He’s the ‘Frugal Athlete’
Market Watch
His year-old site combines financial advice, media analysis and consumer-friendly news-you-can-use.
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23h Currencies: Dollar pares losses after jobless claims, Philly Fed
Market Watch
The U.S. dollar moved up from an intraday low to pare some losses against its major rivals on Thursday after the release of weekly jobless claims and the Philadelphia Federal Reserve’s manufacturing report.
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23h Wall Street opens lower as tech stocks slide
Reuters
(Reuters) - U.S. stocks opened lower on Thursday, a day after scaling record highs, amid a fall in technology stocks led by Apple.
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23h Strategist Jeff Saut: The 8-year-old bull market still has up to nine more years left
CNBC
It's not even close to being too late to buy into stocks, says the veteran Wall Street expert.
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23h U.S. jobless claims hit more than 44-year low
Reuters
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits dropped to its lowest level in more than 44 years last week, pointing to a rebound in job growth after a hurricane-related decline in employment in September.
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23h Updated Stocks stumble off all-time highs, kiwi takes a dive
Reuters
LONDON (Reuters) - World stocks set a fresh record high before stalling in Europe on Thursday, as the longest winning streak for Japanese stocks since 1988 and the first close above 23,000 for Wall Street's Dow index helped to offset nerves about Spain.
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23h Your first trade for Thursday, October 19
CNBC
The "Fast Money" traders share their first moves for the market open.
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23h Saudi needs Aramco billions as recession slows austerity drive
Reuters
DUBAI (Reuters) - Saudi Arabia's plans to sell state assets - including a stake in energy giant Saudi Aramco - are becoming even more important to its finances as a recession slows Riyadh's effort to close a budget deficit caused by low oil prices.
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23h Key Words: Chinese central bank official Zhou warns of sudden collapse in asset prices
Market Watch
Zhou Xiaochuan, speaking on the sidelines of China’s 19th Communist Party congress Thursday, uttered a more cautious assessment than government officials have offered.
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Workplace worries: 10 jobs with the highest divorce rates23h Workplace worries: 10 jobs with the highest divorce rates
USA Today
One of the worst side effects of a job is when it interferes with marriages.
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23h NewsWatch: As Dow clings to 23K, this broader benchmark is running into a roadblock
Market Watch
The Dow is finally dropping today after a four-session runup that has taken it above 23,000 and surprised lots of folks. Today’s call looks at a far broader stock benchmark and sees a reason it could stumble.
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23h Updated Six differences in the stock market between today and 1987
Market Watch
The market environment is wholly different from 30 years ago, writes Nigam Arora.
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23h Updated Need to Know: As Dow clings to 23K, this broader benchmark is running into a roadblock
Market Watch
The Dow is finally dropping today after a four-session runup that has taken it above 23,000 and surprised lots of folks. Today’s call looks at a far broader stock benchmark and sees a reason it could stumble.
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23h Market Snapshot: Dow poised to stumble on 30th anniversary of 1987 crash
Market Watch
U.S. stock benchmarks on Thursday looks set to stumble after posting a trio of all-time highs and closing above the psychologically important level of 23,000 for the Dow.
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23h Updated Market Extra: Retail investors see this as the ‘best time ever’ to jump into stocks. Time to worry?
Market Watch
The “most hated bull market in history” is starting to get some love, which isn’t necessarily something to cheer.
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23h Updated ETF Focus: A new ETF uses IBM’s AI technology to help it pick winning stocks
Market Watch
The AI Powered Equity ETF, which launched on Wednesday, uses the big-data processing abilities of IBM’s Watson to develop a portfolio of stocks that its sponsors argue will be able to offer results that aren’t only better than what human stock pickers would be able to deliver, but also the overall market.
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24h Capitol Report: Senate Republicans on track to pass budget plan | Facebook’s general counsel to testify to Congress in Russia probe
Market Watch
Senate Republicans are on track to pass a budget plan that paves the way for a tax bill; Facebook’s general counsel to testify before Congress in Russia probe; President Donald Trump will host Puerto Rico Gov. Ricardo Rossello at the White House Thursday; and more.
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24h Economic Report: Initial jobless claims slump to 44-year low
Market Watch
The number of Americans who applied for unemployment benefits in mid-October fell to the lowest level since the spring of 1973. The upshot: The strongest labor market since at least 2000 shows no sign of weakening.
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24h Economic Report: Philly Fed manufacturing index lurches to a 5-month high in October
Market Watch
Factory activity in the Mid-Atlantic surprised to the upside in October, the Philadelphia Fed said.
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24h U.S. jobless claims drop to more than 44-year low
Reuters
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell to its lowest level in more than 44 years last week, pointing to a rebound in job growth after a hurricane-related decline in employment in September.
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24h Updated Is the most hated bull market in stocks becoming dangerously over-loved?
Market Watch
An ‘enthusiasm’ phase would probably signal an end to the rally, says Simon Maierhofer.
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24h Updated Baron Funds money manager goes all in to beat the stock market
Market Watch
Alex Umansky makes concentrated bets — Amazon accounts for 15% of his Baron Fifth Avenue Growth Fund. By Michael Brush.
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24h Updated Dr. Copper Needs Lessons in Chinese Medicine
The Wall Street Journal
Copper is testing three-year highs and the Dow has just broken 23000. Is global growth about to go through the roof? Unlikely: take a closer look at China.
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24h Updated Box Stacks Up its Cloud Gains
The Wall Street Journal
Young tech companies like to move fast and break things, but humbled upstart Box has discovered the value of taking things slow and steady.
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24h Updated BookWatch: Amazon, Apple, Google and Facebook will all go away within 50 years, says author
Market Watch
Scott Galloway, a professor and former entrepreneur, sees an uncertain future for Amazon.com, Apple Inc., Facebook and Alphabet Inc.’s Google in his new book on the powerful tech giants, “The Four.”
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Planting trees could cut emissions as much as quitting oil24h Planting trees could cut emissions as much as quitting oil
USA Today
Planting more forests and managing land use better could be the biggest natural climate solution.
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24h Updated Verizon quarterly profit meets estimates as subscribers rise
Reuters
NEW YORK (Reuters) - Verizon Communications Inc's quarterly profit met Wall Street analyst estimates as the No. 1 U.S. wireless carrier added subscribers.
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24h IBM’s stock surge is one for the history books
Market Watch
IBM’s stock surge after third-quarter results will stand out in history, as it produced its second-biggest-ever price gain, and the biggest percentage gain in nearly nine years.
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24h Market Snapshot: Dow poised for shaky open on 30th anniversary of 1987 crash
Market Watch
U.S. stock benchmarks on Thursday looks set to stumble after posting a trio of all-time highs and closing above the psychologically important level of 23,000 for the Dow.
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24h Updated Earnings Outlook: GE earnings: Can CEO Flannery’s first report break a string of disappointing results?
Market Watch
Investors may not care so much if GE can beat earnings expectations, since it usually does. The real question is whether new CEO John Flannery’s first quarterly report can finally get the stock to rally.
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24h The Wall Street Journal: Apple Watch cellular feature cut off in China
Market Watch
Apple Watch’s new feature of having an independent cellular connection was abruptly cut off in China, without explanation.
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25h The Wall Street Journal: Embattled Kobe Steel’s aluminum clears safety checks at Toyota, Honda, other auto makers
Market Watch
Auto makers’ statements suggest that the documentation problems first revealed by Kobe Steel on Oct. 8 may not lead to widespread recalls, although the car manufacturers cautioned that investigations were continuing.
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25h Futures lower as technology stocks dip
Reuters
(Reuters) - U.S. stock index futures pointed to a lower start for Wall Street led by a drop in tech stocks Apple and eBay, on a day that marks 30 years since the 1987 Black Monday stock market crash.
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Open enrollment: How Medicare Advantage will change in 201825h Open enrollment: How Medicare Advantage will change in 2018
USA Today
Medicare plans change every year, but 2018 will likely include more changes than usual.
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25h Updated Market Extra: Dow’s historic close above 23,000 belies a flicker of weakness
Market Watch
The Dow Jones Industrial Average punched firmly higher on Wednesday, to a historic close above 23,000. However, the record-setting advance for the more than 120-year old stock-market gauge might hint at some softness in its latest climb to a 1,000-point milestone.
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American Express CEO Kenneth Chenault to step down25h Updated American Express CEO Kenneth Chenault to step down
USA Today
Kenneth Chenault, 66, is among the first African Americans to run a Fortune 500 company, and he recently completed a two-year turnaround.
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25h Private jets are getting cheaper
The Economist
ONE of the first corporate jets was owned by Harry Ogg, the president of a washing-machine company. Bought in 1929, the four-passenger plane was named “Smilin’ Thru” and was decked out with a desk, a typewriter and space for washing machines. On sales trips Ogg told the pilot to fly low over a town, with the plane’s siren wailing. The commotion drew residents to the airport, where Ogg demonstrated the benefits of his white goods in a slick sales pitch. Most aspects of corporate jet setting have changed since Ogg’s day. Planes are more likely to be owned by a hedge-fund manager than a white-goods salesman. They are kitted out with televisions rather than typewriters. Moreover, they tend to be too costly for entrepreneurs to use as clever marketing tools. Yet even though such stunts remain a dream for many, their revival may be edging slightly closer. That is because the price of private jets has tumbled in the last few years,
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25h Amazon offered billions in tax breaks for second U.S. headquarters
Reuters
(Reuters) - U.S. cities are offering Amazon.com Inc at least as much as $7 billion in tax breaks ahead of a Thursday deadline as they compete to house its second headquarters.
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25h Updated Market Extra: Why ETFs won’t cause, or worsen, an 1987-style stock-market crash
Market Watch
The stock market of 2017 is very different than the market of 1987, when a historic one-day collapse occurred, and one of the biggest changes is the now-ubiquitous presence of ETFs.
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Black Friday sales timing may be based on trying to pre-empt Amazon25h Black Friday sales timing may be based on trying to pre-empt Amazon
USA Today
We’re more than a month away from the Black Friday shopping extravaganza and the predictions are rolling in.
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25h Updated Japan carmakers vouch for safety of some Kobe Steel parts; company future uncertain
Reuters
TOKYO (Reuters) - Three Japanese automakers on Thursday said they found no safety issues with aluminum parts made by Kobe Steel Ltd , allaying some concerns that falsified quality data on products from the steelmaker had compromised their vehicles.
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25h Futures Movers: WTI crude, Brent pull back from highest point in weeks
Market Watch
Oil prices were sticking to tight ranges on Thursday, but holding at levels not seen since September. U.S. supply data and tensions in Iraq remain the focus for the market.
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25h Fancy being a landlord? Here are 10 metros offering double-digit rental returns
Market Watch
Several cities offer would-be landlords double-digit returns, according to an analysis out Thursday.
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26h Nissan says to suspend all Japanese car production
Reuters
YOKOHAMA (Reuters) - Nissan said on Thursday it was suspending all car production in Japan after finding that some final vehicle checks were still being carried out by uncertified inspectors at three of its plants.
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26h The New York Post: New York’s most iconic buildings go orange in bid to woo Amazon
Market Watch
Officials lit up some of the city’s most iconic landmarks—including the Empire State Building and One World Trade Center—in Amazon’s signature color Wednesday night in a bid to court the Seattle-based mega-online retailer, which is looking to build a second corporate campus.
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Ask a Fool: How are my dividends taxed?26h Ask a Fool: How are my dividends taxed?
USA Today
Dividend taxes depend on your total income and the nature of the dividend payments.
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Black Monday 1987: Memories of the stock market's worst day26h Updated Black Monday 1987: Memories of the stock market's worst day
USA Today
Wall Street pros that worked on Black Monday in 1987 share their memories from the worst day in stock market history.
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Black Monday: Can a 1987-style stock market crash happen again?26h Updated Black Monday: Can a 1987-style stock market crash happen again?
USA Today
Black Monday's 30th anniversary raises question: is stock market at risk of another 1987-style crash.
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30 years on: Could there be another Black Monday?26h 30 years on: Could there be another Black Monday?
USA Today
On the 30th anniversary of the 1987 stock market crash, U.S. stocks are at a record high and investors are concerned that steep valuations may mean a correction is overdue. Video provided by Reuters
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26h Unilever sales disappoint as competition bites big brands
Reuters
LONDON (Reuters) - Unilever reported lower-than-expected third-quarter sales, losing market share to smaller competitors and dampening hopes that an aborted takeover offer from Kraft Heinz would spark a swift improvement.
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26h Updated This simple investment strategy will protect you if the U.S. stock market cracks
Market Watch
The key is neutralizing risk, and you can do that with a ‘short’ ETF, says Thomas H. Kee Jr.
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26h Updated Earnings Outlook: PayPal earnings: Expect double-digit growth from behind a sturdy moat
Market Watch
The digital payment company PayPal reports its third-quarter earnings this week and analysts expect strong growth and a positive outlook.
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Why so many automakers are ditching spare tires26h Why so many automakers are ditching spare tires
USA Today
Better replacement options make all the difference
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26h Market Snapshot: Dow 23,000 on the line as eBay, Apple help drive U.S. stock futures lower
Market Watch
U.S. stock futures took a sharp tumble before paring some of those losses on Thursday, with weakness concentrated in the tech sector, such as eBay, which cut its forecast late Wednesday and Apple. Others pointed to news that the Spanish government will strip Catalonia of independence this weekend as a trigger.
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26h Asia Markets: Hong Kong stocks drop nearly 2% as Chinese growth slows
Market Watch
China stocks extended losses Thursday as data rolled in showing a slowdown for growth, but in Japan, the Nikkei was notched another two-decade high.
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27h Companies that burn up $1bn a year are sexy, dangerous, and statistically doomed
The Economist
YVES SAINT LAURENT, Lady Gaga, David Bowie. Some people do not operate by the same rules as everyone else. Might the same be true of companies? Most bosses complain of being slaves to short-term profit targets. Yet a few flout the orthodoxy in flamboyant fashion. Consider Tesla, a maker of electric cars. This year, so far, it has missed its production targets and lost $1.8bn of free cashflow (the money firms generate after capital investment has been subtracted). No matter. If its founder Elon Musk muses aloud about driverless cars and space travel, its shares rise like a rocket—by 66% since the start of January. Tesla is one of a tiny cohort of firms with a licence to lose billions pursuing a dream. The odds of them achieving it are similar to those of aspiring pop stars and couture designers. Investing today for profits tomorrow is what capitalism is all about. Amazon lost $4bn in 2012-14 while building an empire that now makes money. Nonetheless, it is rare for big companies to...
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27h Novartis to shut U.S. generics plant, cut 450 jobs
Reuters
ZURICH (Reuters) - Swiss drugmaker Novartis is to cut 450 jobs in the United States over the next two years as it gradually shuts a generics manufacturing plant in Colorado and discontinues some products in the face of intense price pressures.
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27h Europe Markets: European stocks hit by cocktail of worries over Catalonia, China
Market Watch
An escalation of political tensions in Spain, a clutch of disappointing corporate updates and concerns about growth in China prompted investors to yank down European stocks on Thursday.
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27h Airbus A330neo takes off on maiden flight
Reuters
TOULOUSE, France (Reuters) - Airbus on Thursday began the maiden flight of its A330neo jetliner, an upgraded version of its profitable A330 line designed to sharpen competition with the latest version of Boeing's 787 Dreamliner.
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27h World stocks stumble after all-time high, kiwi takes a dive
Reuters
LONDON (Reuters) - World stocks set a fresh record high before stalling in Europe on Thursday, as the longest winning streak for Japanese stocks since 1998 and the first close above 23,000 for Wall Street's Dow index helped to offset nerves in Spain.
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27h Airbus A330neo successfully takes off on maiden flight
Reuters
TOULOUSE, France (Reuters) - Airbus on Thursday began the maiden flight of its A330neo jetliner, an upgraded version of its profitable A330 family designed to sharpen competition with the Boeing 787 Dreamliner.
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28h London Markets: FTSE 100 gives up ground; Unilever slips after hurricanes hurt sales
Market Watch
U.K. stocks lost ground Thursday, with shares of consumer products heavyweight Unilever after its earnings report, while investors waited for figures on spending by British consumers.
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28h Currencies: Euro rises as Spain-Catalonia showdown remains a worry
Market Watch
The shared currency moves higher ahead of a deadline for Catalan officials to declare independence or now, and a possible decision by the Spanish government to strip the region of its autonomy. The dollar largely flattened.
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28h Updated Nestle accelerates restructuring as sales growth stays tepid
Reuters
ZURICH (Reuters) - Swiss food giant Nestle expects organic sales growth to stay muted in the fourth quarter and is speeding up its restructuring program as it seeks to improve profit margins.
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29h Financial News: LSE’s Xavier Rolet to step down as CEO
Market Watch
Xavier Rolet will leave the London Stock Exchange by the end of 2018 after almost a decade leading the iconic British institution, having helped turn the business into a post-trade and information powerhouse.
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29h Nasdaq, SGX in pact to woo firms interested in listing on both boards
Reuters
(Reuters) - Singapore Exchange Ltd (SGX) and Nasdaq Inc said on Wednesday they were teaming up to woo fast-growing Asian tech firms interested in listing on both their exchanges, as they look to better compete for mid-sized IPOs.
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29h Nissan Motor says CEO Saikawa to brief on uncertified inspection issue
Reuters
TOKYO (Reuters) - Nissan Motor Co Ltd said Chief Executive Hiroto Saikawa will hold at news conference 1000 GMT on Thursday to brief on its uncertified inspection scandal.
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30h Backroom battle imperils $230 million cryptocurrency venture
CNBC
Tech project Tezos, which raised $232 million in an initial coin offering, could fall apart over a backroom battle.
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30h Updated Toyota, other Japanese carmakers say hoods containing Kobe Steel aluminum are safe
Reuters
TOKYO (Reuters) - Three Japanese automakers on Thursday confirmed the safety of aluminum components made by Kobe Steel Ltd, allaying some concerns that Kobe's falsified quality data had compromised the safety of the products.
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30h Updated Market Extra: OPEC deal needs to last at least 2 years: Total CEO
Market Watch
OPEC’s efforts to boost prices and balance the oil market are working, but will need to run for at least another year, according to Total chief executive Patrick Pouyanné.
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30h Updated Market Extra: The world’s largest oil trader sees Brent plunging to $45 in 2018
Market Watch
Brent oil prices could tumble more than 20% by 2018, as U.S. output surges and adds renewed pressure on an oil market that is already battling with a persistent oversupply, according to Ian Taylor, chief executive officer at Vitol Group, the world’s largest oil trader.
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30h Updated 1 in 5 white women who use indoor tanning are addicted to it
Market Watch
The practice increases the risk of melanoma, the deadliest form of skin cancer.
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30h Futures Movers: WTI crude, Brent prices hover at highest levels in weeks
Market Watch
Oil prices were sticking to tight ranges on Thursday, but holding at levels not seen since September. U.S. supply data and tensions in Iraq remain the focus for the market.
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30h Asia Markets: China stocks extend declines as growth slows; Nikkei aims at two-decade high
Market Watch
China stocks extended losses Thursday as data rolled in showing a slowdown for growth, but in Japan, the Nikkei was pushing towards another two-decade high, thanks to a weaker yen and robust trade data.
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30h London is the European hotspot for venture capitalists when it comes to fintech
CNBC
Investors have poured more than $1 billion into British fintech companies since the beginning of the year, London & Partners said Thursday.
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31h Nestle expects 2017 margin to decline on higher restructuring costs
Reuters
ZURICH (Reuters) - Food group Nestle said it expected its operating margin to slip by 40 to 60 basis points in 2017 due to higher restructuring costs and said full-year organic sales growth should be in line with the 2.6 percent seen in the first nine months. Its underlying margin was set to improve.
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31h Asia stocks shed gains after data shows slower China growth
Reuters
TOKYO (Reuters) - Asian stocks shed early gains on Thursday, pulling back from decade highs, with Chinese equities leading the way lower after data showed growth in the world's second largest economy slowed slightly in the third quarter.
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32h Toshiba probed by Japan securities watchdog over results filing: source
Reuters
TOKYO (Reuters) - Japan's securities watchdog is investigating Toshiba Corp's accounting in its latest earnings statement to see if it properly handled losses incurred by its U.S. nuclear unit, a source with knowledge of the matter said on Thursday.
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