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Monthly Archives: January 2019

Treasury yields fall; China economy, Brexit vote in focus

Michael Nagle | Bloomberg | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, Jan. 2, 2019. Also weighing on investors is the partial government shutdown, which has entered its 25th day and is the longest shutdown on record. …

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Trump privately said he wanted to pull US from NATO: Report

Leah Millis | Reuters President Donald Trump speaks during a roundtable discussion at the McAllen U.S. Border Patrol Station at the U.S. – Mexico border in McAllen, Texas, U.S., January 10, 2019. U.S. President Donald Trump privately said several times last year that he wanted to withdraw his country from …

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PG&E stock craters as beleaguered utility faces bankruptcy

PG&E Corp. stock cratered Monday after the company said it will file for Chapter 11 bankruptcy protection amid the financial anguish stemming from its part in helping spark a wave of historic wildfires in California. Shares of the company plunged 52 percent to $8.38 per share Monday, one day after …

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Alibaba dips on China economic worries

Qilai Shen | Bloomberg | Getty Images Michael Evans, co-president of Alibaba Group Holding Ltd., gestures as he speaks at a news conference during the company’s annual November 11 Singles’ Day online shopping event in Shenzhen, China, on Friday, Nov. 11, 2016. Shares of Alibaba dipped just before market close …

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Ford debuts 700-horsepower ‘street-legal’ Mustang Shelby GT500

Jonathan Ernst | Reuters Members of the media look over the 2020 Ford Mustang Shelby GT500 after it was revealed at the North American International Auto Show in Detroit, Michigan, January 14, 2019. The car is a big statement by a company that less than a year ago said it …

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JP Morgan is the next big earnings report

Janhvi Bhojwani | CNBC Jamie Dimon, CEO, JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit, December 6, 2018. J.P. Morgan Chase is the next big company (and bank) to report earnings with results due Tuesday before the bell. The shares rose on Monday after Citigroup reported earnings …

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NBC to launch free streaming service in 2020

Peter Kramer | NBCUniversal Steve Burke, Chief Executive Officer, NBCUniversal during the 2016 NBCUniversal Upfronts NBC is doing a solid for the traditional pay-TV industry. Comcast’s NBCUniversal plans to debut a free ad-supported streaming service to anyone that subscribes to a traditional pay-TV service, including competitors such as Charter, AT&T, …

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Nissan pulls plug on Infiniti QX debut as electric car fails to launch

Robert Ferris | CNBC An empty display space for the Nissan Infiniti QX Inspiration concept car at the North American International Auto Show in Detroit, Michigan, January 14, 2019. The crowd filtered out by 12:40 p.m. as janitors began mopping up the floor of the Infiniti stage. Nissan at least …

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USTR will have only about 30% of staff as China talks near deadline

Getty Images U.S. Trade Representative Robert Lighthizer speaks during a meeting on trade held by U.S. President Donald Trump with governors and members of Congress at the White House on April 12, 2018 in Washington, DC. The Office of the U.S. Trade Representative said Monday that it ran out of …

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Fiat Chrysler plans to expand factory capacity to build new Jeeps

Mike Blake | Reuters The 2020 Jeep Gladiator is introduced during a Jeep press conference at the Los Angeles Auto Show in Los Angeles, California, November 28, 2018. Fiat Chrysler plans to add more factory capacity over the next few years to support building two new Jeep models, including a …

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