Economy

Oil prices fall on record USA output, stock build

Oil prices fall on record USA output, stock build

WTI was trading up 0.35% at $67.99 on the news, with Brent crude still trading down 0.82% at $72.30 at 2:24pm EDT. In fact, Russian Federation and Saudi Arabia have both started to increase ...

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DOJ Takes AT&T-Time Warner Merger Appeal To DC Circ.

DOJ Takes AT&T-Time Warner Merger Appeal To DC Circ.

AT&T argued, during the trial, that it needed to grow to survive in the era of Google, Amazon and Netflix. The logos for Time Warner and AT&T appear in June above trading posts at the New York Stock...

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Murdoch's Fox ups Sky bid to $32.5 billion, all eyes on Comcast

Murdoch's Fox ups Sky bid to $32.5 billion, all eyes on Comcast

Fox offered £14 per share to value Sky at £24.5 billion ($32 billion), 12% more than Comcast's rival £22 billion offer. Sky's shares have risen 95 percent since Fox made its first bid in 2016, and ...

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Tory vice chairs quit over Brexit

Tory vice chairs quit over Brexit

However, Mrs May's ability to squeeze concessions out of Brussels is likely to be undermined if the Commission and the 27 other member states doubt her ability to get her proposals through Parliamen...

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Trump says gas prices are up, OPEC 'doing little to help'

Trump says gas prices are up, OPEC 'doing little to help'

Saudi Arabia cut pricing for August sales of its light oil grade to Asia as the world's biggest crude exporter is increasing production to assure buyers there is sufficient supply following US Pres...

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Saudi Arabia says ready to boost oil production, taking aim at Iran

Saudi Arabia says ready to boost oil production, taking aim at Iran

The move lower is attributable to Saudi Arabia's willingness to increase demand at the request of US President Donald Trump . Saudi Arabia said it would "use its spare capacity when needed to d...

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European Union 'possibly as bad as China' on trade with US, Trump says

European Union 'possibly as bad as China' on trade with US, Trump says

European Commission spokesman Margaritis Schinas said the US investigation into the possibility of auto tariffs "lacks legitimacy, factual basis and violates global trade rules", just like last month'...

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Amazon Prime Day on July 16; to become bigger this year

Amazon Prime Day on July 16; to become bigger this year

Amazon ( AMZN ) on Tuesday said it will start its fourth annual "Amazon Prime Day " on July 16 - an online event that the company says a year ago was the busiest shopping day in its history. You can ...

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Want a replica LeBron James Lakers jersey? That'll be $75

Want a replica LeBron James Lakers jersey? That'll be $75

McGee doesn't have quite the same history with James, but he did apparently get on the latter's bad side enough to have been blocked by James on Instagram. "The acquisition of LeBron James means tha...

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China and India want to buy more U.S. oil to counter Opec

China and India want to buy more U.S. oil to counter Opec

Iran's share of OPEC production increased slightly last month, possibly a sign that the country's crude exports have not yet been affected by the USA decision to ditch a landmark global nuclear accor...

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Trump wants those who 'invade' sent right back

Trump wants those who 'invade' sent right back

The United States Border Patrol on Sunday allowed reporters to briefly visit the facility where it holds families arrested at the southern U.S. border, responding to questions over the Trump administr...

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President Trump continues criticism of Harley Davidson on Twitter

President Trump continues criticism of Harley Davidson on Twitter

U.S. President Donald Trump accused Harley-Davidson Inc. of using new tariffs on trade as cover for an existing plan to shift some production abroad and threatened the motorcycle manufacturer with a...

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Saudi Arabia persuades Iran and OPEC to agree increase in oil production

During the meeting, the group is expected to raise crude output after more than a year of cutting it to stabilize once-falling prices. The initial public offering of Saudi oil giant Aramco-which has...

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Cryptocurrencies fall as South Korean crypto exchange says US$32m stolen

Cryptocurrencies fall as South Korean crypto exchange says US$32m stolen

Melissa Lee went on to ask the question about "when" the market is expected to recover from the bear market, and the Litecoin founder has made a decision to take a more diplomatic stance and distance ...

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Trump Threatens 20% Tariff on European Cars, Seeks More U.S. Production

Trump Threatens 20% Tariff on European Cars, Seeks More U.S. Production

The move confirms a tit-for-tat dispute that could escalate into a full trade war, particularly if US President Donald Trump carries out his threat to penalise European cars. The White House has inv...

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Supreme Court Decides Wayfair Online Sales Tax Case

Supreme Court Decides Wayfair Online Sales Tax Case

Bean. A level playing field is what North Dakota businesses wanted with their online competitors. That has long meant cheaper online purchases with no sales tax to pay , especially on big-ticket it...

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FTSE flounders, pound falls on trade and Brexit fears

FTSE flounders, pound falls on trade and Brexit fears

Iran faces renewed US sanctions that will impact its oil industry and Iraq has production constraints. Oil prices rose on Monday in volatile trade as this week's OPEC meeting raised the specter of...

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Trump threatens China with new tariffs on $200 billion in goods

Trump threatens China with new tariffs on $200 billion in goods

Security guards walk in front of containers at the Yangshan Deep Water Port in Shanghai, China on April 24, 2018. In contrast, the United States exported only about $130 billion worth of goods to ...

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German authorities arrest Audi CEO Rupert Stadler in ‘dieselgate’ investigation

Stadler's arrest was confirmed by a spokesperson of the greater Volkswagen Group, adding that the presumption of innocence applied to his case. The Munich prosecutors said Stadler's arrest was n...

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Chinese phone maker ZTE saved from brink after deal with U.S.

Chinese phone maker ZTE saved from brink after deal with U.S.

In line with recent speculation , the tech giant agreed to what Commerce Secretary Wilbur Ross aptly labeled as " the strictest and largest settlement fine that has ever been brought by the Commerce ...

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Porsche's first electric car will be called the Taycan

Porsche's first electric car will be called the Taycan

That, if you haven't been paying attention to EVs, is some direct snark at Tesla. " Taycan " refers to a " lively, young horse ", explained CEO Oliver Blume at a Porsche 70th anniversary event Jun...

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Tesla involved in fatal crash sped up before hitting road barrier

Tesla involved in fatal crash sped up before hitting road barrier

He said the vehicle would be unveiled in March and begin production in 2020 along with Tesla Semi and the new Roadster. Tesla's semi-autonomous Autopilot mode has come under scrutiny following...

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Roseanne Barr Denies She's Racist, Calls Valerie Jarrett Tweet a 'Stupid Joke'

Roseanne Barr Denies She's Racist, Calls Valerie Jarrett Tweet a 'Stupid Joke'

She also apologised to "the hundreds of people and wonderful writers...and talented actors who lost their jobs on my show due to my stupid tweet". Trump tweeted that maybe he "just didn't get the cal...

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Starbucks Chairman Schultz to retire from the coffee giant | CMO Strategy

Starbucks Chairman Schultz to retire from the coffee giant | CMO Strategy

He said that will become chairman emeritus. Last year, Schultz stepped down as chief executive officer to become executive chairman, handing the top job to Kevin Johnson. "For some time now, I hav...

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Canada to impose tariff 'countermeasures' on US

Canada to impose tariff 'countermeasures' on US

Ostensibly, the tariffs - which have also been applied to metals from the European Union and Japan - are created to protect USA national security. "Members continue to make progress on behalf of o...

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Vermont will pay people $10000 to move there and work remotely

Vermont will pay people $10000 to move there and work remotely

The bill, signed by Vermont governor Phil Scott, has budgeted grants for almost 100 new remote workers in the first three years of the program , and 20 additional workers per year for every year af...

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Italy heads for populist government after months of stalemate

Italy heads for populist government after months of stalemate

Prime Minister-designate Giuseppe Conte presented his list of ministers to President Sergio Mattarella for the second time in a week and the new government will be sworn in on Friday. Realizing ...

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Dunk your donuts, or is it doughnuts? | Community

Dunk your donuts, or is it doughnuts? | Community

Beginning on National Doughnut Day , Papa John's will offer a caramel creme-filled, cinnamon sugar-coated donut hole dessert at participating locations . To celebrate the 80-year-old holiday, Kri...

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Trump to impose steel, aluminum tariffs on EU, Europe ready to retaliate

Trump to impose steel, aluminum tariffs on EU, Europe ready to retaliate

U.S. Commerce Secretary Wilbur Ross says the U.S. will slap tariffs on Canadian, Mexican and European Union steel and aluminium as of midnight tonight. In 2002, president George W. Bush imposed tari...

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Rising oil prices feeding into increase in headline inflation - Saxo Bank

Rising oil prices feeding into increase in headline inflation - Saxo Bank

Saudi Arabia and Russia's potential policy shift doesn't materially change Goldman Sachs Group Inc.'s bullish oil outlook, the bank's analysts including Damien Courvalin said , reiterating the b...

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Restart your router now to stop Russian malware attack

Restart your router now to stop Russian malware attack

Among the affected networking equipment it found during its research were devices from manufacturers including Linksys, MikroTik, Netgear and TP-Link. The most affected country is Ukraine, which recen...

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No end in sight as fuel price surges for 13th day

No end in sight as fuel price surges for 13th day

Chennai also entered the Rs 73 per litre club after Mumbai, as the price was hiked by 15 paise available at Rs 73.18 per litre on Monday, compared to previous price of Rs 73.03 per litre. In April, Pr...

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Starbucks shuts 8,000 stores for anti-bias training

Starbucks shuts 8,000 stores for anti-bias training

Last month, two men-Donte Robinson and Rashon Nelson-sat down in a Philadelphia Starbucks. The Seattle-based chain will shutter its company-owned locations and corporate offices within the United Sta...

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Carlo Cottarelli, the 'Mr Scissors' technocrat who could become Italy's PM

Carlo Cottarelli, the 'Mr Scissors' technocrat who could become Italy's PM

Shortly afterwards, the president's office summoned Mr Cottarelli, the IMF's former director of fiscal affairs, for a meeting on Monday. Mr Conte, took his list of his preferred cabinet candidates t...

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PayPal buys iZettle for United States dollars 2.2 bln

PayPal buys iZettle for United States dollars 2.2 bln

It was less than a month ago when iZettle announced it would go public, with hopes that new funding would help the company grow and expand. PayPal made a last minute approach the person said, who ...

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