Economy

US home sales fall 1.7% with prices high and supply low

US home sales fall 1.7% with prices high and supply low

June existing-home sales in the Northeast increased to an annual rate of 680,000 and were up 4.5% compared with June 2018 sales. Mike Fratantoni, SVP and chief economist of the Mortgage Bankers Ass...

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Frenzied debut of China's Nasdaq-style board adds $44b in market cap

Frenzied debut of China's Nasdaq-style board adds $44b in market cap

Approaching the end of pre-noon trading, at 11:03 a.m., semiconductor maker Anji Technology led with a gain of almost 450%. China Railway Signal & Communication Corp posted the sharpest decline of...

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Microsoft pays $25 million to settle corruption charges

Microsoft pays $25 million to settle corruption charges

Microsoft's President and Chief Legal Officer Brad Smith said the "employee misconduct was completely unacceptable ... and wholly unethical". Federal prosecutors said that from 2013 through 2015, a ...

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Microsoft has record profits

Microsoft has record profits

On an earnings call with investors, Microsoft CFO Amy Hood revealed the company is expecting Surface revenue to decline next quarter, likely because of a lack of new hardware. The cloud computi...

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Production and Market Share by Type and Top Companies, Market Size, Growth

Production and Market Share by Type and Top Companies, Market Size, Growth

The Low Density SLC NAND Flash Memory Market report acquire strategically crucial competitor information, and Low Density SLC NAND Flash Memory insights to build effective R&D strategies. How Low ...

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Vail Resorts acquires Mount Snow as part of $264 million deal

Vail Resorts acquires Mount Snow as part of $264 million deal

The purchase price of approximately $264 million is subject to conditions and regulatory review, and Peak Resorts' shareholder approval. "The acquisition fully embodies our philosophy of Epic for E...

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Around 6,000 Irish-owned Volvo cars recalled over engine fault fear

Around 6,000 Irish-owned Volvo cars recalled over engine fault fear

A spokesman for the Swedish company said it has received reports of "a very small number" of cars catching fire, but no-one has been injured. Volvo is recalling 507,000 cars worldwide to rectify a...

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Amazon officially announces plans to open fulfillment center in Rossford; Akron

Amazon officially announces plans to open fulfillment center in Rossford; Akron

They will be used to pick, pack and ship small items to customers such as books, electronics and toys. According to Ohio .com., officials anticipate to hire within 60 days of equipping the $100 mil...

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AT&T drops CBS channels in carriage dispute

AT&T drops CBS channels in carriage dispute

CBS programming went dark for AT&T customers in 14 major markets last Saturday amid a business dispute between the two corporate giants, marking the latest instance of an impasse between telecom co...

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Equifax to pay up to $700 million in data-breach settlement

Equifax to pay up to $700 million in data-breach settlement

Equifax signed a settlement today to lay to rest lawsuits brought forward by the US Federal Trade Commission (FTC), state attorneys, and a class-action case relating to the firm's 2017 data breac...

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Whirlpool recalls half a million tumble dryers from United Kingdom homes

Whirlpool recalls half a million tumble dryers from United Kingdom homes

Whirlpool has so far reached 1.7 million consumers and resolved their tumble dryer issues, Mr Noel stressed. The move was mandated by the United Kingdom government last month and follows the discove...

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Cryptocurrency Crimes Costed South Korea $2.28B Since July 2017

Cryptocurrency Crimes Costed South Korea $2.28B Since July 2017

Over 400 criminals have been given charges of crimes to do with crypto, over 130 were taken in custody by law enforcement agencies. According to the South Korean Justice Ministry, the country has in...

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Heat wave hits NY, causing blackout

Heat wave hits NY, causing blackout

From the Carolinas to ME, daylight highs reached the greater 90s Sunday. Con Edison was cutting off power "temporarily" across parts of Brooklyn on Sunday night due to the ongoing heatwave - wit...

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Equifax near deal to pay about $700 million over data breach

Equifax near deal to pay about $700 million over data breach

The agreement with authorities including the Federal Trade Commission (FTC) and state attorneys general may be announced as soon as Monday, the person said, asking not to be identified discussing conf...

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National Ice Cream Day deals in Bakersfield and Kern County

National Ice Cream Day deals in Bakersfield and Kern County

It's National Ice Cream Day and with all of this heat, a day set aside for these frozen treats is just what's needed. Police fielded some 911 calls over the hot weekend from residents upset over ice...

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Tesla opens solar-topped V3 Supercharger station on the Vegas strip

Tesla opens solar-topped V3 Supercharger station on the Vegas strip

Caesars aims to reduce greenhouse gas emissions by 30% by 2025 because of which it houses the new charging station. The Powerpacks are to be charged with solar power during the day and supply ...

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Fed's Rosengren U.S. economy 'reasonable,' no need to cut rates

Fed's Rosengren U.S. economy 'reasonable,' no need to cut rates

Rosengren acknowledged that growth had slowed since last year and that global risks had increased, but said he still expects the USA economy to expand by about 2 per cent this year. "It is quite possi...

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Make cars, not waste

Make cars, not waste

The plan is to take the plastic waste that can not be recycled and develop a way to re-use it. ChemCycling transforms the plastic into pyrolysis oil using a thermochemical process. The new showroom of...

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Israeli Security Firm's Spyware Tool Can Harvest Cloud Data of Targeted User

Israeli Security Firm's Spyware Tool Can Harvest Cloud Data of Targeted User

The report further states that while NSO Group denied building hacking or mass-surveillance tools for cloud services, it did not specifically deny that it had developed the new surveillance feature....

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Wall Street rises as Fed's Williams cements rate-cut expectations

Wall Street rises as Fed's Williams cements rate-cut expectations

Williams said that when rates and inflation are low, policymakers can not afford to keep their "powder dry" and wait for potential economic problems to materialise. IXIC added 17.75 points, or 0.22%,...

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Camera lens worth $13000 sold for $94 during Amazon Prime Day

Camera lens worth $13000 sold for $94 during Amazon Prime Day

The $94.48 price caught the attention of the customer, who posted about the discount on Slickdeals . But some found an error that left very expensive camera equipment at less than $100. There were re...

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Pelosi Sees Clear Understanding with Mnuchin On the Budget Deal

Pelosi Sees Clear Understanding with Mnuchin On the Budget Deal

Pelosi said on Wednesday she would like to have a proposal on raising the US debt ceiling on the House floor by July 25. "I think that the (blockchain) technology has certain uses, (but) I want to b...

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Google to Pay Millions Over YouTube Child Privacy Violations

Google to Pay Millions Over YouTube Child Privacy Violations

Per the settlement, Google will pay several millions of dollars in fines, but exact figures remain undisclosed, the report says. Over 1.8 billion users logged-in on YouTube every month, according ...

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Asia stocks firm as Fed props up rate cut expectations

Asia stocks firm as Fed props up rate cut expectations

Investors are now pricing in a 24.5% chance of a 50-point cut in US rates later this month, according to CME Group's FedWatch tool, easing off the 60.2% probability hit on Thursday. Surveys showed b...

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World Bank 'Drops' $300 Million Amaravati Project

World Bank 'Drops' $300 Million Amaravati Project

The official said the worldwide organisation's board of directors was informed that the project was no longer under preparation. He said World Bank representatives had toured the area in 2017 and held...

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The dreaded middle seat may become the coveted seat on planes

The dreaded middle seat may become the coveted seat on planes

Molon Labe Seating's new S1 "Space Seat" design, which was approved by the FAA in June, arranges its rows of economy airline seating so that the middle seat is slightly staggered behind, and below,...

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Bitcoin slips as CFTC probes BitMEX over client trades

Bitcoin slips as CFTC probes BitMEX over client trades

In March, Marshall Islands-based firm 1pool Ltd . agreed to pay nearly United States dollars 1 million to settle CFTC charges that it broke rules when offering contracts that used Bitcoin as collater...

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Pepsi gains foothold in Africa with $1.7 billion Pioneer deal

Pepsi gains foothold in Africa with $1.7 billion Pioneer deal

Pioneer and PepsiCo have worked together before, and PepsiCo knew the business, and that may have been the attraction for the deal. The companies on Friday issued a joint statement indicating P...

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AB InBev agrees to sell Australian business to pay down debt

AB InBev agrees to sell Australian business to pay down debt

The deal gives Asahi a major foothold in Australia, furthering its strategy to build a global presence. AB InBev said once completed , the divestiture of CUB would help accelerate its expansion i...

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All-New Corvette Replaces Shift Stick With Touchscreen Technology

All-New Corvette Replaces Shift Stick With Touchscreen Technology

Prices of other versions weren't announced but the current auto can run well over $100,000 with options, still thousands cheaper most than European competitors. Opatowsky, whose father was absent due ...

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Toys 'R' Us is coming back with a high-tech twist

Toys 'R' Us is coming back with a high-tech twist

Toymakers will also be encouraged to design and set up branded shops within the new stores, creating another potential revenue stream for Tru Kids. The first two stores will be located in Paramus, N...

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Fake Ferrari and Lamborghini workshop shut down by police

Fake Ferrari and Lamborghini workshop shut down by police

Images of the workshop were shared online by Polícia Civil de Santa Catarina and show at least four replica Lamborghini Huracan models and an orange Gallardo LP560-4 replica. According to police, th...

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Premarket: Fed rate cut bets lift stocks, US dollar steadies

Premarket: Fed rate cut bets lift stocks, US dollar steadies

However, the New York Fed clarified later that Williams' speech were not indicative of the central bank's future moves. Asian stocks are flashing green after gains on Wall Street . Additionally, in...

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Ohio Legislature Passes Bill To Legalize Hemp And CBD Oil

Ohio Legislature Passes Bill To Legalize Hemp And CBD Oil

The bill was passed by the Senate in March and approved earlier this week in an 88-3 vote, showing the state's growing approval for the cannabis industry within Ohio. Presently, CBD products can be pu...

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RBS chief Ross McEwan tapped to run National Australia Bank

RBS chief Ross McEwan tapped to run National Australia Bank

Royal Bank of Scotland boss Ross McEwan, who completed one of the biggest United Kingdom corporate turnarounds in history, has been hired to help fix one of Australia's biggest banks. "Customer servic...

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