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Monthly Archives: June 2018

Judge denies Paul Manafort’s bid to drop money laundering charge

Jonathan Ernst | Reuters President Trump’s former campaign manager Paul Manafort departs U.S. District Court after a motions hearing in Alexandria, Virginia, May 4, 2018. A federal judge on Friday denied former Trump campaign chairman Paul Manafort’s bid to dismiss a money laundering charge against him in a pending criminal …

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Trump urges OPEC to ‘keep prices down’ as oil cartel’s meeting wraps up

Jonathan Ernst | Reuters President Donald Trump participates in a roundtable discussion about trade in Duluth, Minnesota, June 20, 2018. President Donald Trump said on Friday he wants OPEC to raise its oil production. “Hope OPEC will increase output substantially. Need to keep prices down!” Trump said on Twitter. Tweet …

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Trump administration’s new tariffs hit US consumers less

The latest round of tit-for-tat tariffs hits U.S. consumers less but American companies more, an analysis shows. Consumer goods account for just 1 percent of items on the June 15 lists from the Office of the U.S. Trade Representative, down from 12 percent on the April 3 list, according to …

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Disney willing to divest more Fox assets for deal clearance

Getty Images Chief executive officer and chairman of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange (NYSE), November 27, 2017 in New York City. Walt Disney said on Thursday it was willing to divest Twenty-First Century …

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Bitcoin tumbles after Japan watchdog orders exchanges to review business practices

Bitcoin prices fell more than 8 percent on Friday after Japan’s financial regulator ordered several cryptocurrency exchanges to improve their practices against money laundering. The digital currency traded at $6,137 as of 9:42 a.m. ET, breaking below $6,400 for the first time in about a week, according to CoinDesk. The …

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Facebook’s ‘lack of accountability’ in scandal spurs fund to dump shares

Leah Millis | Reuters Facebook CEO Mark Zuckerberg is seen through reflective glass as he sits in the office of Senator Bill Nelson (D-FL) while he waits for a meeting in the Hart Senate Office Building in Washington, U.S., April 9, 2018. The sustainability practice of a large European asset …

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OPEC ministers strike deal on oil production levels

Stefan Wermuth | Bloomberg | Getty Images Khalid Al-Falih, Saudi Arabia’s energy and industry minister, arrives ahead of the 174th Organization Of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Friday, June 22, 2018. OPEC ministers and their allied partners meeting in Vienna have agreed on oil production levels …

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Tesla’s Musk uses seventh-grader language on earnings calls

David Paul Morris | Bloomberg | Getty Images Elon Musk, chairman and chief executive officer of Tesla Motors The language employed by Tesla’s Elon Musk when speaking on earnings calls is at the level of a 12-year-old, according to a report from CB Insights. Stretching back to 2011, the research …

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BlackBerry posts quarterly loss

Patrick T. Fallon | Bloomberg | Getty Images John Chen, chief executive officer of BlackBerry Ltd. BlackBerry reported a quarterly loss on Friday, compared with a year-ago profit when the Canadian software maker received a one-time arbitration payment of $940 million from chipmaker Qualcomm. The company’s net loss was $60 …

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Chinese media says US has ‘delusions’ as impact of trade war spreads

Fred Dufour | AFP | Getty Images Chinese President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. U.S. protectionism is self-defeating and a “symptom of paranoid delusions” that must not distract China from its …

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