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Monthly Archives: January 2018

US-North Korea nuclear war fears lead to potassium iodide pill boom

Getty Images A television broadcast of the North Korean missile launch at the Seoul Railway Station on September 15, 2017, in Seoul, South Korea. Disaster preparedness is not a new business niche, and people known as “preppers” stock up regardless of the latest geopolitical tweets. But the escalation of hostilities …

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Trump’s 3% growth target looks unrealistic, says David Rubenstein

The demographic shifts taking place in the U.S. workforce make economic growth of 3 percent on a sustained basis highly unlikely, said David Rubenstein, co-founder and co-chairman of The Carlyle Group. In a CNBC interview Tuesday from the World Economic Forum in Davos, Switzerland, the private equity billionaire said, “I …

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Snapchat Stories will soon be shareable on Twitter and Facebook

Mark Lennihan | AP Snap Inc. CEO Evan Spiegel smiles before ringing the opening bell at the New York Stock Exchange as his company celebrates its IPO, Thursday, March 2, 2017. Snapchat users will soon be able to share Stories outside the app to Facebook and Twitter in an effort …

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Bitcoin tumbles below $10,000 and is now down 25% on the year

Bitcoin briefly fell Tuesday below the psychologically key $10,000 for the second time in a week. The digital currency dropped more than 7 percent to a low of $9,972.29 Tuesday morning, according to CoinDesk’s bitcoin price index, which tracks prices from digital currency exchanges Bitstamp, Coinbase, itBit and Bitfinex. Bitcoin …

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First Hyperloop track to be announced this year

Kiyoshi Ota | Bloomberg | Getty Images Dirk Ahlborn, chief executive officer of Hyperloop Transportation Technologies (HTT), speaks during the 18th Nikkei Global Management Forum in Tokyo, Japan, on Wednesday, Nov. 9, 2016. The boss of a Hyperloop company said Tuesday that he hopes to announce the location of the …

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JPMorgan to raise pay, hire staff in $20 billion investment push

Andrew Harrer | Bloomberg | Getty Images Jamie Dimon, chief executive officer of JPMorgan Chase & Co. JPMorgan Chase said it would increase wages, hire more and open new branches as part of a $20 billion investment following the overhaul of the U.S. tax code. The bank will increase wages …

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NAFTA is ‘something to be improved upon’: Canada finance minister

Yuri Gripas | Reuters (L-R) Canadian Foreign Affairs Minister Chrystia Freeland, U.S. Trade Rep Robert Lighthizer and Mexican Secretary of Economy Ildefonso Guajardo Villarreal make statements to the media after a NAFTA trilateral ministerial press event in Washington, October 17, 2017. The North American Free Trade Agreement is “something to …

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6 Feet of Snow in 6 Days

Denis Balibouse | Reuters Staff removes snow ahead of the World Economic Forum (WEF) annual meeting in the Swiss Alps resort of Davos, Switzerland January 21, 2018. “What shall we do,” the mayor of Davos, Tarzisius Caviezel, said at a news conference on Monday, admitting he was at a loss …

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entrepreneurs should donate money to Chinese schools

AFP | Getty Images Wang Fuman, also known as ‘Frost Boy’, walks on the road in Ludian in China’s southwestern Yunnan province on January 12, 2018. At an event organized by his charitable foundation on Sunday, Ma told a room of 80 entrepreneurs that establishing a network of boarding schools …

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Sao Paulo mayor Joao Doria could be Brazil’s next president

William Volcov/Brazil Photo Press/LatinContent/Getty Images João Dória Jr mayor of Sao Paulo speaks to the press on May 14, 2017 in New York, United States. Asked by CNBC if he wanted to be president, Doria said “that there was time ahead” presumably to decide whether to run for the highest …

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