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Monthly Archives: July 2018

Facebook’s $100 billion-plus rout is the biggest loss in stock market history

Facebook was on track Thursday to post the largest one-day loss in market value by any company in U.S. stock-market history after releasing a disastrous quarterly report. Through midday Eastern Time, the social media giant’s market capitalization had plummeted by about $120 billion to about $508 billion as its stock …

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Mueller looking at Trump tweets in obstruction probe: report

Oliver Contreras | Getty Images News | Getty Images President Donald Trump crosses the South Lawn upon arrival at the White House on July 8, 2018 in Washington, DC. The First Family spent the weekend at the Trump National Golf Club in Bedminster Township, New Jersey.  Special counsel Robert Mueller …

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Yum China soars more than 16% after report Hillhouse Capital wants to buy fast-food company

Qilai Shen | Bloomberg | Getty Images Pedestrians walk past a KFC restaurant in Shanghai, China. Shares of Yum China shot up more than 16 percent on Thursday after The Information reported that Hillhouse Capital Group, one of China’s major investors in tech, is in talks to acquire the fast-food …

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Former Trump aide Omarosa has ‘explosive’ book coming

Dominick Reuter | AFP | Getty Images Omarosa Manigault, a staffer for US President-elect Donald Trump, listens as Martin Luther King III speaks to the media after meeting with the President-elect at Trump Tower in New York City on January 16, 2017. Former President Donald Trump aide and “Apprentice” contestant …

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Jerry Moran tells Trump to end EU, NAFTA trade conflicts, focus on China

Chip Somodevilla | Getty Images News | Getty Images Sen. Jerry Moran (R-KS) (C) talks with reporters before stepping into the weekly Republican policy luncheon at the U.S. Capitol April 17, 2018 in Washington, DC. Vice President Mike Pence joined the GOP senators for their meeting.  Trump took one major …

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Trump accuses Twitter of silencing Republicans, calls it ‘illegal’

Jabin Botsford | The Washington Post | Getty Images President Donald J. Trump speaks with Jean-Claude Juncker President of the European Commission during a joint statement. President Donald Trump accused Twitter Thursday of “discriminatory and illegal practice,” vowing in a tweet to “look into” the matter. Twitter shares added roughly …

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ECB keeps rates unchanged with its massive stimulus program set to end this year

Jasper Juinen | Bloomberg | Getty Images Mario Draghi, president of the European Central Bank (ECB). The European Central Bank (ECB) decided to keep its key interest rates unchanged Thursday, with policymakers showing little appetite for change after a flurry of activity at their last meeting. The ECB’s interest rate …

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11 Republicans move to impeach deputy attorney general Rod Rosenstein

Joshua Roberts | Bloomberg | Getty Images Rod Rosenstein, deputy attorney general, speaks during a House Judiciary Committee hearing on Capitol Hill in Washington, D.C., on Thursday, June 28, 2018.  Eleven House Republicans have introduced articles of impeachment against Deputy Attorney General Rod Rosenstein, who oversees special counsel Robert Mueller’s investigation …

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Comcast earnings Q2 2018

Justin Sullivan | Getty Images Brian Roberts, CEO of Comcast Comcast is set to report second-quarter earnings before the bell Thursday. Here’s what Wall Street expects: Earnings: 60 cents per share, according to Thomson Reuters consensus estimates Revenue: $21.86 billion, according to Thomson Reuters consensus estimates Net increase of 195,000 …

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Roche raises outlook for 2018 as new drugs gain traction

Gianluca Colla | Bloomberg | Getty Images The headquarters of Roche AG in Basel, Switzerland. Swiss drugmaker Roche lifted its 2018 outlook on Thursday for the second time this year, after first-half sales and profit easily beat analyst expectations on the strength of newer drugs including multiple sclerosis (MS) treatment …

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