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Monthly Archives: May 2018

Rudy Giuliani says Trump son-in-law Jared Kushner is ‘disposable’

Aaron P. Bernstein | Reuters Jared Kushner, senior White House adviser Rudy Giuliani called President Donald Trump’s son-in-law, Jared Kushner, “disposable” — and warned that special counsel Robert Mueller should stay away from Ivanka Trump. Giuliani’s off-the-cuff cut on Kushner, a senior adviser to the president, came Wednesday night as …

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Pence postponing trip to Brazil ahead of North Korea meeting

Jung Yeon-Je | AFP | Getty Images A television news report showing pictures of President Donald Trump and North Korean leader Kim Jong Un at a railway station in Seoul on March 9, 2018. Vice President Mike Pence is postponing a planned trip to Brazil this month as President Donald …

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SEC seeks court order for Jay-Z’s testimony in Iconix investigation

Theo Wargo | Getty Images Jay Z, Blue Ivy Carter and Beyonce Knowles attend the 66th NBA All-Star Game at Smoothie King Center on February 19, 2017 in New Orleans, Louisiana. The Securities and Exchange Commission said Thursday it’s seeking a court order asking singer-songwriter Shawn Carter, or Jay-Z, to …

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EU warns it could withdraw funds from countries that fail to uphold democracy

Getty Images European Union flags hang outside the European Commission Headquarters on March 10, 2017 in Brussels, Belgium. The European Union (EU) could slash funding for governments that fail to uphold democracy after it announced plans Wednesday to link its budget with the political health of member states. The EU …

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KKR shares jump after private equity firm announces structuring change

Daniel Acker | Bloomberg | Getty Images Henry Kravis, co-founder of KKR KKR shares jumped Thursday after the private equity firm announced a plan to convert to a corporation from a partnership. Shares traded more than 3.5 percent higher Thursday morning. During the premarket, it had gained as much as …

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Every CEO would love to go off like that

Every CEO would love to go off on analysts like Tesla co-founder and CEO Elon Musk did during his unusual post-earnings call, CNBC’s Jim Cramer said on Thursday. Musk cut off questioners on a Wednesday afternoon call, and at one point dismissed one question from a key analyst as “boring.” …

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Zimbabwe opposition leader wants to give China investors the boot

Zimbabwe’s President Emmerson Mnangagwa (L) shakes hands with Chinese President Xi Jinping at the Great Hall of the People in Beijing, China, on April 3, 2018. “Chamisa’s comments will play well with the MDC’s political base, who see Chinese loans as being fundamental for helping keep the former Mugabe regime …

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Caterpillar shares fall after Bank of America downgrade

Hassan Sarbakhshian | Bloomberg | Getty Images A worker operates a Caterpillar Inc. 336D hydraulic excavator during construction on Route 7 near Falls Church, Virginia. Shares of Caterpillar fell Thursday after Bank of America Merrill Lynch downgraded the company’s stock to neutral from overweight, arguing that sales growth is slowing …

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Apple faces these technical roadblocks in the comedown from earnings

As Apple basks in its post-earnings glow, one technician warns of a bumpier road that could put the path to a $1 trillion market cap at risk. “We’re gapping up into this huge, massive overhead supply,” Todd Gordon, founder of TradingAnalysis.com, told CNBC’s “Trading Nation” on Wednesday. “Apple is trying …

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Aerospace CEO sees growing global role for the UAE in manufacturing

Karim Sahib | AFP | Getty Images United Arab Emirates’ Air Force Aerobatic Team performs with an Emirates Airline Airbus A380 at the Dubai Airshow on November 18, 2013, in Dubai. “Females represent 48 percent of our total workforces, out of which 96 percent are UAE nationals,” Abdulla said. “Early …

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