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Monthly Archives: April 2018

Ditch steel stocks as the industry nears ‘the end of the line’ despite Trump’s efforts, says UBS

The United States steel sector has reached “the end of the line” despite efforts by the Trump administration to revive the industry, UBS told clients on Tuesday, advising investors it may be time to ditch the metal stocks. U.S. steel prices should decline 17 percent through the end of 2019, …

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Abbott’s quarterly profit, sales beat Street estimates

Daniel Acker | Bloomberg | Getty Images An employee walks near an Abbott Laboratories sign at the company’s headquarters complex in Abbott Park, Illinois. Abbott Laboratories reported better-than-expected quarterly profit and sales, helped by growth across its businesses and device launches. The diversified health-care company reported net earnings of $418 …

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Facebook’s future growth market may be outside the US

Susana Bates | AFP | Getty Images Indian Prime Minister Narendra Modi (L) and Facebook CEO Mark Zuckerberg attend a town hall meeting at Facebook headquarters in Menlo Park, California in September 2015. Overall, whether in the developed or developing world, consumers are showing few signs of being very bothered …

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Facebook’s future growth market may be its least valuable ‘product’

Susana Bates | AFP | Getty Images Indian Prime Minister Narendra Modi (L) and Facebook CEO Mark Zuckerberg attend a town hall meeting at Facebook headquarters in Menlo Park, California in September 2015. Overall, whether in the developed or developing world, consumers are showing few signs of being very bothered …

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The charts aren’t ruling out a return to triple-digit oil prices: Yamada

August 2014 was the last time oil prices above $100 a barrel, but technical analyst Louise Yamada says the charts aren’t ruling out a return to triple digits. During an interview Tuesday on CNBC’s “Futures Now,” Yamada qualified that call by emphasizing that oil must first pass a few key …

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Forget India as a consumer market, here’s what Delhi wants to sell you

Peter Adams | Photolibrary | Getty Images Crawford Market in Mumbai, India. India, home to 1.3 billion people, offers a huge consumer market. But, according to one business expert in the country, the capacity of the world’s second largest population to sell is undervalued. “I think one of the areas …

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Facebook brings back facial recognition to Europe after closing it in 2012

Getty Images Facebook co-founder, Chairman and CEO Mark Zuckerberg testifies before a combined Senate Judiciary and Commerce committee hearing in the Hart Senate Office Building on Capitol Hill April 10, 2018 in Washington, DC. Facebook is bringing its facial recognition technology back to Europe, despite agreeing with regulators to drop …

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Facebook lays out changes to comply with EU privacy law GDPR

Zach Gibson | Getty Images Facebook co-founder, Chairman and CEO Mark Zuckerberg testifies before a combined Senate Judiciary and Commerce committee hearing in the Hart Senate Office Building on Capitol Hill April 10, 2018 in Washington, DC. Facebook will begin asking users if their data can be used to power …

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President Donald Trump says he doesn’t like TPP deal for US

Kevin Lamarque | Reuters President Donald Trump gestures during a roundtable on tax cuts for Florida small businesses in Hialeah, Florida, April 16, 2018. After recently indicating he could consider rejoining the massive Pacific trade pact, President Donald Trump said he now doesn’t think the Trans-Pacific Partnership is good for …

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BAIC, Dongfeng, other automakers down on market changes

Getty Images Employees work in a plant of FAW-Volkswagen Automotive Company on September 25, 2013 in Foshan, China. Chinese automakers, especially those in ventures with foreign firms to manufacture vehicles in China, traded in the red on Wednesday following Beijing’s announcement that it would open its car market. The Hong …

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