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Monthly Archives: February 2018

2 senators offer narrow bill protecting young immigrants

Tom Williams | CQ Roll Call | Getty Images Sen. John McCain, R-Ariz. Two senators are introducing compromise legislation that would help achieve legal status for hundreds of thousands of immigrants who entered the U.S. illegally as children. The bill calls for bolstering border security by 2020. But it does …

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Kroger to sell its convenience stores to UK’s EG Group for $2.15 billion

Daniel Acker | Bloomberg | Getty Images An employee bags a customer’s purchases at a Kroger store in Peoria, Illinois. Kroger will sell its convenience stores business to British retailer EG Group for $2.15 billion, the U.S. grocery chain said on Monday. Kroger said in October it was exploring the …

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White House says it’s ‘concerned’ about stock market drop

Yuri Gripas | Reuters President Donald Trump meets with North Korean defectors in the Oval Office of the White House in Washington, U.S., February 2, 2018. The White House said Monday it is worried about the U.S. stock market sell-off. “We’re always concerned when the market loses any value, but …

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Powell takes reins at the Fed amid market selloff, jump in yields

Saul Loeb | AFP | Getty Images Jerome Powell, nominee to be chairman of the Federal Reserve Board of Governors, is sworn-in before testifying during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill in Washington, DC, on November 28, 2017. Jerome Powell will …

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Apple iPhone X bug that prevents users from answering incoming calls

Justin Sullivan | Getty Images The iPhone X is displayed during an Apple special event at the Steve Jobs Theatre on Sept. 12, 2017 in Cupertino, Calif. Apple users have been reporting an issue with their $1,000 iPhone X models that is stopping them from answering calls. The issue was …

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Amazon, Netflix dive as investors take profits in popular tech stocks

Shares of Amazon, Netflix and other popular tech stocks fell in the premarket Monday as investors took profits in some of their biggest bull market winners amid a steep market sell-off. Amazon traded 2 percent lower before the bell, while Netflix declined 3.1 percent. Google-parent Alphabet, Facebook and Apple pulled …

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No progress on ‘Dreamers’ as another US shutdown looms

Astrid Riecken | The Washington Post | Getty Images Dreamers protest outside the US Capitol while lawmakers on Capitol Hill in Washington, D.C., January 18, 2018, struggle to avoid an impending government shutdown. Democrats threatened with a shutdown as long as no clean DREAM act solutions is made. The U.S. …

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Stock market could see another 15% decline this year

Brendan McDermid | Reuters Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 31, 2018. Tony James, chief operating officer at private equity giant Blackstone, told CNBC on Monday that stocks could see a bear market this year. James said on “Squawk …

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What Friday’s pullback says, and doesn’t say, about the markets now

This is the market dip you wanted. Or said you wanted, as the market kept levitating without let-up for months. Or thought you wanted, before the reality of a 4 percent one-week tumble reminded us how unnerving a sudden break in stock prices looks and feels in the moment. But …

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Over $60 billion wiped off cryptocurrencies

Dan Kitwood | Getty Images A visual representation of the digital Cryptocurrency, Bitcoin on October 24, 2017 in London, England. Bitcoin fell below $8,000 for the third time in four days on Monday amid a broader sell-off in cryptocurrencies that has seen over $60 billion of valued erased from the …

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