Economy

Trump Authorizes Release of Oil from US Strategic Reserve

Trump Authorizes Release of Oil from US Strategic Reserve

Yemen's Iran-aligned Shiite Huthi rebels claimed responsibility for the drone strikes , but Pompeo said "there is no evidence the attacks came from Yemen". "For now, markets are well supplied with a...

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UAW Extends Contracts with Ford and FCA

UAW Extends Contracts with Ford and FCA

The union's national agreements with GM, Ford and Fiat Chrysler end at 11:59 p.m. Saturday, and the union has picked GM as its target company . - As the clock rolls to 11:59pm on Saturday night, th...

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France urges EU rules on cryptocurrencies, warns of Libra risks

France urges EU rules on cryptocurrencies, warns of Libra risks

I, therefore, want to say with plenty of clarity: "in these conditions, we can not authorize the development of Libra on European soil". The head of the Libra Association, the nonprofit entity b...

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GM is Recalling 3.4-million Trucks and SUVs

GM is Recalling 3.4-million Trucks and SUVs

As the vehicles grow older, the pump may not produce sufficient vacuum power, which could increase the stopping distance, and increase the risk of a crash. The issue revolves around the vacuum assist ...

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Oil producers pledge to respect output cuts

Oil producers pledge to respect output cuts

Boosting the market's good mood, the US Energy Information Administration said on Wednesday that US crude oil stockpiles fell last week to the lowest in almost a year, as refineries raised output ...

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Retail inflation rose to 3.21% in August - the highest in 10 months

Retail inflation rose to 3.21% in August - the highest in 10 months

According to data released by the government's statistics wing, the rate of industrial production, as reflected by the Index of Industrial Production ( IIP ), came in at 4.3 per cent in July as agains...

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Pilot Spills Coffee, Forces Emergency Landing Of Plane With 326 People

Pilot Spills Coffee, Forces Emergency Landing Of Plane With 326 People

The report also notes that Airbus "highly recommends" that every item in the cockpit go in its assigned place. All for the want of an acceptable cup holder. The AAIB report notes that the flight cre...

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Markets Right Now: Stocks rise on hope for progress on trade

Markets Right Now: Stocks rise on hope for progress on trade

As the series of data including trade and the latest PPI numbers had shown, China's economic conditions had continued to trend downwards to reflect the deterioration. SHORT HEM: Tailored Brands plunge...

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Company in trouble as worker dies during

Company in trouble as worker dies during "atopa" session on official trip

A Frenchman who died of a heart attack while having sex during a business trip for a railway company was the victim of a workplace accident, a court ruled earlier this year. "During the entire per...

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European Central Bank lowers deposit rate to minus 0.5 percent

U.S. President Trump reacted negatively. And the Fed sits, and sits, and sits. The purchases pump newly created money into the financial system to lower borrowing costs and raise inflation. Christin...

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OPEC Cuts 2020 Oil Demand Forecast

OPEC Cuts 2020 Oil Demand Forecast

New York-traded West Texas Intermediate crude, the U.S. benchmark blend, was down $1.61, or 2.8%, at $55.79 per barrel by 12:52 PM ET (16:52 GMT) despite the U.S. Saudi Arabia and Russian Federation o...

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China says firms have started inquiring about US agriculture buys

China says firms have started inquiring about US agriculture buys

The Chinese Finance Ministry announcement earlier the in day mostly impacts small items such as fish food, cancer medicine, lubricant oil and various chemicals. Speaking at a weekly news briefing in B...

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Hy-Vee recalling Asian meals due to label mistake

Hy-Vee recalling Asian meals due to label mistake

Hy-Vee says it's conducting the recall out of an abundance of caution. Expiration dates can be found on the label on the top of the plastic lid. Hy-Vee mealtime Sweet Orange Chicken, which was sol...

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Trump's Softer Line On Iran Could Tank Oil Prices

Trump's Softer Line On Iran Could Tank Oil Prices

Ali Shamkhani, a top Iranian security official and secretary of the Supreme National Security Council, said Bolton's exit has "no impact" on how Tehran views USA policy. Earlier this year, Trump als...

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Stocks climb on trade hopes, bond yields rise ahead of European Central Bank

Stocks climb on trade hopes, bond yields rise ahead of European Central Bank

That was tamped down somewhat by White House trade advisor Peter Navarro on Tuesday, when he urged patience about resolving the two-year trade dispute between the world's two largest economies and sai...

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Fed should cut rates to zero or less

Fed should cut rates to zero or less

US President Donald Trump in the last minutes argued that the Federal Reserve should get the policy rate down to zero or even lower and should then start to refinance the debt. The Fed's benchmar...

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Tesla claims one track record, plans to go for another

Tesla claims one track record, plans to go for another

That said, Tesla-and Elon Musk in particular-really need to stop making random promises with the latest concerning a supposed Nurburgring Record Lap. At first it was believed that Musk was challengi...

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GameStop is closing up to 200 stores worldwide

GameStop is closing up to 200 stores worldwide

The company reported a decrease in global sales of 14.3 percent to $1.3 billion. Same-store sales fell 11.6%. GameStop said it is undergoing a cost-savings that is expected to return an annual o...

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Trump’s approval rating sinks amid worry over economy, poll finds

Trump’s approval rating sinks amid worry over economy, poll finds

On Tuesday, President Trump unloaded on a new ABC News/Washington Post poll showing him losing to all five leading Democratic presidential candidates in 2020. While most of the final polls taken a...

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Hong Kong exchange makes £30bn offer for London Stock Exchange

Hong Kong exchange makes £30bn offer for London Stock Exchange

The proposed 31.6 billion pounds cash-and-share transaction would only go ahead if the LSE's takeover of Refinitiv does not proceed, HKEX said. HKEX chairman Laura Cha said: "We believe a combinat...

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China keeps penalties on United States pork, soy, eases some others

China keeps penalties on United States pork, soy, eases some others

Applications for the second tranche of exclusions started on September 2 and will close on October 18, China's finance ministry said earlier on its website. These products will be exempt from ad...

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Former Labour MPs tear into Jeremy Corbyn over antisemitism during debate

Former Labour MPs tear into Jeremy Corbyn over antisemitism during debate

Corbyn later met leaders of the key Labour-affiliated unions, and agreed the party should stick to its policy of backing a referendum, but ensuring they have something to offer leave supporters. After...

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Mercedes-Benz Vision EQS concept EV unveiled

Mercedes-Benz Vision EQS concept EV unveiled

It tops out at slightly over 200kmph . The battery pack with give it a WLTP range of 700 kilometers (435 miles) and it'll support charging at up to 350kw so it can go from zero to 80 percent in less t...

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Wendy's Reveals Plan To Launch Breakfast Menu Nationwide In 2020

Wendy's Reveals Plan To Launch Breakfast Menu Nationwide In 2020

President and CEO of The Wendy's , Todd Penegor, stated that "We are well-positioned to pursue it". "Launching breakfast in our US restaurants nationwide provides incredible growth opportunities", ...

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CNN's latest poll on President Donald Trump

CNN's latest poll on President Donald Trump

But after a Trump staffer leaked the results of an internal poll taken in May that reportedly showed the president trailing former Vice President Joe Biden in key battleground states, the president al...

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USA and China have a 'conceptual' agreement on enforcement: Mnuchin

USA and China have a 'conceptual' agreement on enforcement: Mnuchin

Mnuchin said that the Trump administration will be looking at tax cuts 2.0 for the middle class. "We see very health robust growth for the balance of the year". An additional 15% tax on Chinese impo...

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3m BA pilots strike over pay

3m BA pilots strike over pay

Regardless, British Airways says passengers scheduled to fly today and tomorrow should still check their flight status in the Manage My Booking section of their BA account. British Airways' paren...

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Softbank urges WeWork to shelve IPO over valuation worries:The Asahi Shimbun

Softbank urges WeWork to shelve IPO over valuation worries:The Asahi Shimbun

The company's business model has been criticized as its losses increased by 25% to $905 million during the first half of this year, even though WeWork's revenue doubled to more than $1.5 billion for...

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Govt will respond to automobile industrys demand, says FM Sitharaman

Govt will respond to automobile industrys demand, says FM Sitharaman

Describing abrogation of Article 370 as a path breaking decision of the Centre, Union finance minister Nirmala Sitharaman on Tuesday said the Congress should speak in one voice on Jammu and Kash...

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Juul 'ignored law' in USA e-cigarette adverts

Juul 'ignored law' in USA e-cigarette adverts

In letters to the vaping giant on Monday, the FDA ordered Juul to stop making unproven claims to children and adults that its vaping devices are safer than cigarettes. A young man wears a shirt th...

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Labour Rebel Scorches Corbyn in Brexit Parliament Debate

Labour Rebel Scorches Corbyn in Brexit Parliament Debate

Watson will insist that it is not too late to win back remainers attracted by the Lib Dems' simpler "stop Brexit" message. 'We want an election as soon as possible and we will oppose a national unit...

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Donald Trump fires national security adviser John Bolton

Donald Trump fires national security adviser John Bolton

Bolton insisted that he attempted to resign before Trump's announcement. Bolton often agreed with Trump and regularly praised him on Fox News before getting the job. Bolton was too controversial t...

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Uninsured rate rises for first time since 2009

Median household income in the U.S. stalled in 2018, even as median earnings rose and the poverty rate fell to its lowest level in almost two decades, according to new data released by the U.S. This ...

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Tesla driver appears to be asleep in moving car

Tesla driver appears to be asleep in moving car

Despite Tesla issuing numerous clarifications and warnings against such acts, uneducated, misinformed, and/or stubborn or Tesla-smitten customers continue to test the limits of the technology. "Many...

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Apple may spark upgrade rush with new iPhones, tight pricing

Apple may spark upgrade rush with new iPhones, tight pricing

While Apple did not reveal what it will announce at the event, the market has widely anticipated that the USA consumer electronics giant will unveil three new iPhones with Hon Hai expected to serve ...

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