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Monthly Archives: June 2018

Trump says Saudi king has agreed to his request to raise oil production ‘maybe up to 2 million barrels’

Jonathan Ernst | Reuters President Donald Trump welcomes Saudi Arabia’s Crown Prince Mohammed bin Salman in the Oval Office at the White House in Washington, U.S. March 20, 2018. President Donald Trump said in a tweet on Saturday that Saudi Arabia’s King Salman had agreed to his request to increase …

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Thyssenkrupp, Tata Steel seal landmark steel joint venture deal

Getty Images Coils of steel stand on trains in front of the ThyssenKrupp steel mill on March 5, 2018 in Duisburg, Germany. Germany’s Thyssenkrupp and India’s Tata Steel signed a final agreement on Saturday to establish a long-expected steel joint venture, the European steel industry’s biggest shake-up in more than …

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NSA deleting phone call and text records it wasn’t supposed to have

Bloomberg | Bloomberg | Getty Images Paul Nakasone, director of the National Security Agency, arrives to a Senate Armed Services Committee confirmation hearing in Washington. The National Security Agency (NSA) on Friday announced it has been deleting hundreds of millions of records of phone calls and text messages dating back …

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China’s Shanghai benchmark on pace for worst year since 2011

VCG | Getty Images HANGZHOU, CHINA – FEBRUARY 09: An investor watches the electronic board at a stock exchange hall on February 9, 2018 in Hangzhou, China. Chinese shares plunged on Friday with the benchmark Shanghai Composite Index down 132.20 points, or 4.05 percent, to close at 3,129.85. The Shenzhen …

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Congress unlikely to pass immigration reform border separation bill

Justin Sullivan | Getty Images News | Getty Images President Donald Trump speaks to supporters during a campaign rally at Scheels Arena on June 27, 2018 in Fargo, North Dakota. President Trump held a campaign style ‘Make America Great Again’ rally in Fargo, North Dakota with thousands in attendance.  The …

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Emerging markets are in a death cross, and more losses may be looming

Emerging markets are feeling the heat. China is in a bear market, Brazil is closing in on one, and the EEM emerging markets ETF could close out its worst quarter in nearly three years on Friday. Brace for more pain, says one technical analyst. “There’s really a time to own …

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LeBron James doesn’t opt in to final year with Cavs, will become unrestricted free agent

Getty Images LeBron James #23 of the Cleveland Cavaliers looks on in the second half against the Golden State Warriors during Game Four of the 2018 NBA Finals at Quicken Loans Arena on June 8, 2018 in Cleveland, Ohio. LeBron James informed the Cleveland Cavaliers he will not opt in …

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Tesla’s nearly 2,000% gain from its IPO shows the power of disruption

Tesla CEO Elon Musk has made the electric car maker’s shareholders a lot of money. The company’s stock is up nearly 2,000 percent from its $17 per share initial public offering, which was held eight years ago on June 29, 2010. The stock market is rewarding companies that have a …

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Nervous investors exiting US stocks at near-record pace on trade-war fears

Investors bailed out of U.S. stocks at a near-record pace in the last week, as money flowing into Treasury bills surged to a 10-year high. Outflows from U.S. stock funds and ETFs totaled $24.2 billion, the third-highest ever, and the $30 billion that came out of global stock funds in …

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New Apple Maps coming starting with California

David Paul Morris | Bloomberg | Getty Images Eddy Cue, senior vice president of internet software and services at Apple Inc., speaks during a keynote session at the South By Southwest (SXSW) conference in Austin, Texas, on Monday, March 12, 2018. Apple is building a brand new version of Apple …

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