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US stock futures, Asian markets sink after Trump threatens tariffs on Mexico New York (CNN Business) Tariff Man has struck again. US stock index futures and Asian stock markets, including shares of Japanese and South Korean automakers, tumbled Thursday after President Donald Trump said the United States will impose a 5% ...
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Oil set for biggest monthly fall since November as trade conflicts spread SYDNEY/SINGAPORE (Reuters) - Oil prices fell on Friday and were on track for their biggest monthly fall since November as trade conflicts spread and U.S. crude output returned to record levels. FILE PHOTO: Pumpjacks are seen against the setting sun at ...
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Uber Cites Tight Competition After Posting $1 Billion Loss Uber Technologies Inc. UBER -0.35% executives sought to reassure investors about its growth as an onslaught of competition from ride-hailing and delivery rivals led to a $1 billion loss in the first quarter. The San Francisco company issued its first quarterly ...
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China May factory activity shrinks more than expected as exports falter BEIJING (Reuters) - China's factory activity in May slumped into a deeper contraction than markets had expected, heaping pressure on Beijing to roll out more stimulus to support an economy hit hard by a bruising trade war with the United States.
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Trade issues 'won't cause a bear market' as US economy is in 'very good shape, says Blackstone's Wien Nothing much to see here. That's the position of Byron Wien, the famed market strategist and vice chairman of Blackstone Group L.P. BX, -0.56% , on the recent weakness in the stock market, which has seen the S&P 500 SPX, +0.21% lose roughly 5.5% ...
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Dollar near flat, heading for fourth straight month of gains NEW YORK (Reuters) - The dollar was little changed on Thursday, on track to post a fourth straight month of gains, as the trade stand-off between China and the United States prompted traders to put money into perceived safe currencies including the ...
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Costco Sales Rise as Tariff Uncertainty Looms Costco Wholesale Corp. booked another quarter of sales gains, boosted by increasing visits to its warehouse clubs as the retail giant tries to navigate the U.S.-China trade fight. Comparable sales—those in stores and through websites in operation for at least ...
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FDA, Hemp Industry Prepare for Friday Hearing on CBD Regulation The popularity of CBD, the non-psychoactive compound found in cannabis plants, has exploded: There are CBD tinctures, CBD oils and CBD-infused creams promising pain relief. It's added to gummies, chocolates, cold drinks, beer and lattes. Walgreens and ...
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Williams-Sonoma's Strategic Investments Start to Pay Off Williams-Sonoma (NYSE:WSM) released fiscal first-quarter 2019 results on Thursday after the market closed, trouncing expectations and building on the momentum we saw last quarter, when the home-furnishings retailer outlined efforts to position itself to ...
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Mark Zuckerberg's personal security chief accused of sexual misconduct, racist and homophobic comments Facebook CEO Mark Zuckerberg's personal security chief has been accused of sexual misconduct and making racist and homophobic remarks about Zuckerberg's wife, Priscilla Chan, and members of his staff, NBC News has confirmed with a spokesperson ...
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Tesla Opens Orders for Made-in-China Model 3, Lowers Price Tesla Inc. started taking orders for the Model 3 cars it will make in China, its second-largest market, and lowered the price of the vehicle. The Palo Alto, California-based company set the base price at 328,000 yuan ($47,523), including value added taxes, ...
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The China government may want fewer iPhones sold, but intent to buy is still solid Despite the U.S.-China trade war, and loud anti-Apple sentiment on Chinese media, the iPhone is still in demand in China, according to a survey of purchase intent in the country. Bank of America Merrill Lynch published a survey on Thursday that showed that ...
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MGM Resorts says layoffs complete with final round of job cuts LAS VEGAS — Casino giant MGM Resorts International says it's completing planned layoffs with 779 job cuts, mostly in Las Vegas. CEO Jim Murren told employees the last affected workers would learn Thursday their positions were eliminated. Company ...
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FedEx to deliver 7 days a week to satisfy online shoppers (AP) - FedEx plans to deliver packages seven days a week starting next January as it tries to keep up with the continuing boom in online shopping. The company is also taking back nearly 2 million daily deliveries to homes that are currently handled by the ...
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TikTok-Owner ByteDance Plans First Foray Into Consumer Gadgets ByteDance Ltd., owner of popular video app TikTok, is making its first foray into consumer hardware by developing educational gadgets. The Chinese startup intends to release "educational hardware" in future, it said in a statement without elaborating.
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GM is investing $24 million to build more pickups in Indiana, the heart of Trump country (GM) GM. General Motors announced on Thursday that it would invest $24 million in its Fort Wayne, Indiana, factory. The factory builds full-size Chevy and GMC pickups and has received a total investment of over $1.2 billion. Politics matter in the announcement.
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More major studios will consider leaving Georgia over anti-abortion bill ATLANTA - A third major studio has now gone on record that it will "reconsider Georgia as the home to any new productions" if the state's abortion law goes into effect. [READ: Disney CEO: Filming in GA will be 'difficult' if heartbeat law goes into effect].
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Downtown Portland's Biggest Food Cart Pod Is Closing at the End of June to Make Way for a Huge New Hotel The end is near for one of Portland's biggest food cart pods. As first reported by The Daily Journal of Commerce, the occupants of the iconic Alder Street pod between 9th and 10th avenues downtown were given notice today to vacate the property by June 30 ...
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Crown's new prince: Meet Lawrence Ho, the controversial new force in Australian gambling There's a new force in Australian gambling. But Lawrence Ho is no stranger to those in the casino industry, nor to the regulators charged with keeping it clean. The Hong Kong-based billionaire's Melco Resorts & Entertainment became a major shareholder in ...
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Coca-Cola thinks Americans are finally ready for Coke with coffee New York (CNN Business) In 2006, Coca-Cola launched Coca-Cola Blak, a coffee-flavored version of its signature product. People didn't like it, and the beverage flopped. Coke stopped selling the product in 2008, just two years after it launched. Bad timing ...
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Metro Adds Electric Bikes to Fleet, with Echo Park and Silver Lake Stations to Come LOS ANGELES — More than 300 electric bicycles were added to the Los Angeles Metropolitan Transportation Authority's fleet today. The Metro bicycles will be available throughout the summer at Classic Metro Bike Share stations. More than 20 new stations ...
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