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Dow slides 300 points as US tariffs on Mexico amplify trade fears New York (CNN Business) US stocks slumped on Friday after President Donald Trump opened another front in the trade war. The Dow declined 300 points, or 1.2%, on Friday morning following Trump's threat to impose tariffs on Mexico. The S&P 500 fell ...
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Global stocks decline, bonds surge on Trump's Mexico threat LONDON (Reuters) - European stocks tumble and sovereign bonds surged on Friday as investors feared President Donald Trump's shock threat of tariffs on Mexico risked tipping the United States into recession while disappointing China data added to the ...
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Trump's Economy Is Really Running Below 2% The U.S. Bureau of Economic Analysis or BEA released its second estimate for March Quarter's GDP and its first estimate for gross domestic income. They show that the "real" economy of personal consumption and business investment is growing at just over ...
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Ben & Jerry's wants to make CBD-infused ice cream Last month, Ben & Jerry's encouraged its consumers to use marijuana, which is still illegal in 17 states. Now the ice cream maker says it "can't wait" to create CBD-infused ice cream, once it's legal. On Thursday, the Vermont-based frozen dessert firm said on ...
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Uber's food delivery business is the company's biggest weapon against rivals like Lyft: Wedbush Uber published its first earnings since its IPO, beating Wall Street expectations. In a note to clients on Friday, Wedbush made a bull case for the company, saying its secret sauce its food delivery arm, Uber Eats. Wedbush said Uber Eats sets Uber apart from ...
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Melco buy-in triggers regulatory review of Crown's $1.5 billion Sydney casino SYDNEY (Reuters) - An Australian regulator said it will review its approval for Crown Resorts' $1.5 billion casino being built in Sydney, after the gambling giant's founder James Packer sold nearly half his stake in the company to Hong Kong's Melco Resorts.
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Foursquare to Buy Location-Data Specialist Placed From Snapchat Parent Foursquare Labs Inc., the onetime social-media darling that has transformed into a specialist in providing location data to other companies, is buying another location-data powerhouse in a bid to dominate the business of helping advertisers track foot traffic to ...
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China's Factories Take a Bigger-Than-Expected Hit From US Trade Battle BEIJING—Activity in Chinese factories slumped in May, according to a key measure, as new orders for goods fell in response to uncertainties created by the escalating trade dispute with the U.S.. The official manufacturing purchasing managers index fell to ...
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Allianz seals two deals to become UK's second largest general insurer Allianz is to become the second biggest general insurer in Britain after taking over the general insurance businesses of Legal & General and LV= in transactions worth more than £800m. The deals will give the combined business 12 million general insurance ...
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Kraft Heinz Stock Is Sliding Because the Worst May Not Be Over Kraft Heinz stock (KHC) is falling to fresh 52-week lows on Thursday following a price cut from Credit Suisse , which cited ongoing uncertainty for the packaged food giant stemming from the Securities and Exchange Commission's investigation into its ...
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FCA CEO Manley sold shares for $3.5 million this week to cover personal expense Fiat Chrysler Chief Executive Mike Manley sold shares in the car maker for $3.46 million on May 28, the day after the announcement of a merger proposal to French rival Renault, a regulatory filing showed. An FCA spokesman said Manley sold the shares to ...
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Report: Indy Star owner Gannett talks merger with Gatehouse Shares of Gannett Co., the publisher that owns The Indianapolis Star, USA Today and more than 100 other newspapers, rose Thursday after The Wall Street Journal reported it has had recent merger talks with Gatehouse Media—a deal that would unite the ...
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New subway pay system launches today Sometime after noon on Friday, customers waving "tap and pay" debit cards, or the Apple or Google pay app on their phones, will be the first to board the subway using a new contactless payment system. Called OMNY, for One Metro New York, the system is ...
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Vedanta starts arbitration against Zambia after mines seized Vedanta Resources has taken the government of Zambia to international arbitration following the seizure of its copper mines in the country. The company, which is controlled by Indian metals tycoon Anil Agarwal, said a shareholder agreement with the ...
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Maine passes bill requiring ISPs to ask permission before selling data The current federal government might not be keen on privacy rules for internet providers, but Maine certainly is. The state's Senate has passed a bill that requires consent before ISPs can sell or offer access to their customers' private data, paralleling an earlier ...
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Worldwide renewable energy prices drop The cost of renewable energy worldwide fell to a record low last year and is expected to continue to decline over the next decade. The United Arab Emirates-based intergovernmental organization International Renewable Energy Agency reported that the ...
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Someone Bought a $400000 Diamond Ring at Costco Look out, Tiffany -- Costco is coming for you. Quarterly sales at the U.S. warehouse-club retailer got a boost from a customer who made a "significant diamond ring purchase, in the $400,000 range," Costco Wholesale Corp. Chief Financial Officer Richard ...
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Sprint: KC will attract innovation with mobile 5G At a Thursday event to kick off the mobile 5G era in Kansas City, Sprint Corp. Chief Technology Officer John Saw said that "as the center of the universe," no launch was more exciting than in the Overland Park-based wireless carrier's hometown. Sprint (NYSE: ...
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America must secure its supply chains against a vulnerability of its own making Over the past few decades, through an intentional dominance of the global rare earth market, China has cultivated immense leverage over the United States. As the current trade war escalates, China is poised to capitalize on its strategic plan — and indeed ...
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