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Altria-PMI’s $200 billion merger would face future with fewer cigarettes

For Altria and Philip Morris International, breakin’ up may have been too hard to do. A decade after going their separate ways, the two tobacco giants announced this week they are considering a merger. The potential merger would end years of speculation on whether the companies would eventually reunite. Marlboro-maker …

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5 things to know before the stock market opens August 28, 2019

1. Dow to open lower, again following bond yields lower Traders work on the floor at the New York Stock Exchange, August 13, 2019. Eduardo Munoz | Reuters U.S. stock futures were pointing to a lower open Wednesday a day after the Dow Jones Industrial Average gave up nearly half …

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Three charts show the stock market may rally in September

Wall Street could be set to embark on a bullish run over the next month, CNBC’s Jim Cramer said Tuesday. Based on analysis from Larry Williams, the renowned stock trader credited for creating a number of market barometers including the aptly-named Williams %R momentum indicator, investors should expect the stock …

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Wall Street sees elevated recession risk amid US-China trade fight

The reignited trade fight between the U.S. and China elevates the odds of a global recession and market pullback over the next year, according to some of Wall Street’s top economists and market strategists. The global economy would fall into recession six to nine months after the U.S. and China …

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KFC will test Beyond Meat plant-based chicken

Colonel Sanders will soon be serving vegan fried chicken to see if customers think it’s finger lickin’ good. KFC will start testing plant-based fried chicken from Beyond Meat in an Atlanta restaurant on Tuesday. The test makes the Yum Brands subsidiary the first national U.S. fast-food chain to introduce a …

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Trump’s tariffs on China monkeys could ‘severely damage’ US medical research

A rhesus monkey on a calorie-restricted diet (left) and a control group monkey (right) who were subjects in a pioneering long-term study of the links between caloric restriction and aging at the University of Wisconsin’s Wisconsin National Primate Research Center. Jeff Miller/University of Wisconsin-Madison Researchers who use laboratory monkeys to …

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Popeyes and Chick-fil-A feud on Twitter in bid to boost sales

Popeyes Chicken Sandwich Source: Popeyes Louisiana Kitchen After a Twitter spat with Chick-fil-A over chicken sandwiches, Popeyes Louisiana Kitchen walked away with a larger spike in its follower count — but that might not matter for its long-term sales. Popeyes, which is owned by Restaurant Brands International, brought a chicken …

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Corporate earnings show trade war starting to strain US economy

A shopper is seen in a Target store in the Brooklyn borough of New York. Brendan McDermid | Reuters Looking for reasons to be optimistic about the U.S. economy? Try the aisles of Target. Target’s stock soared more than 20% to a record $103 a share on Wednesday after the …

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Fitbit to supply trackers to hundreds of thousands in Singapore

James Park, CEO of Fitbit. Jeniece Pettitt | CNBC Fitbit announced a deal on Wednesday with the government of Singapore to provide hundreds of thousands of consumers there with fitness trackers as the country aims to make its population healthier. Fitbit told CNBC that starting next month, residents of Singapore …

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Walmart shines light on Elon Musk’s SolarCity deal in Tesla suit

Elon Musk, Chairman of SolarCity and CEO of Tesla Motors, speaks at SolarCity’s Inside Energy Summit in Manhattan. Rashid Umar Abbas | Reuters When Tesla acquired SolarCity in 2016, the $2.6 billion deal was criticized by many as a bailout by Elon Musk and for Elon Musk, who was the …

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