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Monthly Archives: October 2018

Oregon claws back $13 million from Tesla over tax credits, report says

George Rose | Getty Images An array of solar panels, located near McMinnville, Oregon.  The state of Oregon has recovered $13 million it paid to Tesla for solar power projects, after an investigation concluded the company inflated prices to qualify for higher tax credits, said a report in the Oregonian/OregonLive …

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The Fed is not acting crazy, it’s just responding to new economic realities brought on by Trump

Is the Federal Reserve, as President Donald Trump suggests, crazy? A look at the changes to both its policy and its forecasts over the past two years shows very modest moves in response to new economic realities of stronger growth and lower unemployment — outcomes for which the president has …

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Senators asks Google to explain delay in disclosing vulnerability

Adam Berry | Getty Images The Google Plus (G+, or Google +) social network logo. On Thursday, three influential Republican U.S. senators asked Alphabet’s Google to explain why it chose to delay disclosing vulnerabilities with its Google+ social network. Google said this week it would shut down the consumer version …

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Nasdaq falls to correction levels led by Amazon, Netflix

The Nasdaq Composite Index on Thursday became the first major U.S. stock market benchmark to fall into a correction, dragged down by losses across all the major technology-related companies. A correction on Wall Street is defined as down more than 10 percent from its high. The Nasdaq fell as low …

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Facebook removes 559 ‘inauthentic pages’ ahead of U.S. midterms 

Chesnot | Getty Images News | Getty Images Facebook founder and CEO Mark Zuckerberg has assigned several top executives to blockchain development efforts. Facebook on Thursday announced the removal of 559 Pages and 251 accounts that it says broke the company’s rules against spam and “coordinated inauthentic behavior.” The company …

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Delta is getting travelers to shell out more for seats

Mario Tama | Getty Images A Delta Air Lines plane lands at Los Angeles International Airport on July 12, 2018 in Los Angeles, California.  Delta Air Lines’ fuel bill surged in the last quarter and travelers were willing to pick some of the tab. Higher airfares and brisk sales of …

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Gundlach says the global stock market is signaling ‘something bad’ is happening

Jeffrey Gundlach believes the U.S. stock market can’t diverge from global equity markets forever. The bond investor noted the S&P 500 was strangely outperforming the rest of the world’s equity markets since the summer into this month. “I said [before] … if the global stock [market] is going to take …

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USPS proposes Amazon pay up to 12 percent more for shipping

Evan Vucci | AP Amazon founder Jeff Bezos speaks during a meeting with President-elect Donald Trump and technology industry leaders at Trump Tower in New York, Wednesday, Dec. 14, 2016. The U.S. Postal Service has proposed a 9-12% increase to the shipping service used by Amazon, just months after President …

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Judge slams ‘unusual’ aim to defer Manafort sentencing in Mueller case

Dana Verkouteren | AP This courtroom sketch shows Paul Manafort listening to U.S. District court Judge T.S. Ellis III at federal court in Alexandria, Va., Tuesday, Aug. 21, 2018.  U.S. District Court Judge T.S. Ellis threw cold water on prosecutors’ aim to delay former Trump campaign chairman Paul Manafort’s sentencing …

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‘I could tell stories about him like you wouldn’t believe’

Saul Loeb | AFP | Getty Images President Donald Trump shakes hands with Gary Cohn, Director of the National Economic Council, during a retreat with Republican lawmakers and members of his Cabinet at Camp David in Thurmont, Maryland, January 6, 2018. President Donald Trump took a shot at his former …

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