Category: Business
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China promises fast response as Trump readies tariffs
byBEIJING – China vowed on Friday to strike back quickly if the United States hurts its interests, hours before U.S. President Donald Trump was due to unveil revisions to a tariff list targeting $50 billion worth of Chinese goods. Washington and Beijing appeared increasingly to be headed toward a trade war after several rounds of […]
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S&P 500, Nasdaq edge higher as ECB puts off rate hike
byNEW YORK – The S&P 500 and Nasdaq rose on Thursday after the European Central Bank said it would not raise interest rates until mid-2019, a day after the U.S. Federal Reserve increased its key rate and hinted at two more hikes by the end of 2018. The ECB decided to end its bond-purchase program […]
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White House seeks to block Congress from killing ZTE deal
byWASHINGTON – The White House will try to derail an effort in the U.S. Congress to block the Trump administration’s deal to allow ZTE Corp, China’s No. 2 telecommunications equipment maker, to resume doing business with American suppliers, the Wall Street Journal reported on Wednesday. The ZTE issue encompasses U.S.-China relations, national security, trade and […]
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Wall Street edges higher with focus on Fed
byU.S. stocks edged higher on Tuesday, with help from Twitter and media stocks, as investors looked past a historic U.S.-North Korea summit and focused on the Federal Reserve’s policy meeting. President Donald Trump and North Korean leader Kim Jong Un pledged to work toward complete denuclearization of the Korean peninsula, but their joint statement gave […]
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Tesla’s Autopilot to get ‘full self-driving feature’ in August
byShares of Tesla Inc (TSLA.O) rose as much as 5 percent on Monday after Chief Executive Officer Elon Musk tweeted that its Autopilot driver assistance system will get full self-driving features following a software upgrade in August. Autopilot, a form of advanced cruise control, handles some driving tasks and warns those behind the wheel they […]
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Swiss vote down ‘dangerous’ overhaul of banks
bySwiss voters have overwhelmingly rejected a proposed overhaul of the country’s banking system that had been described as “dangerous” by its critics. Over 75% of voters rejected the “sovereign money” proposal in a referendum on Sunday, according to provisional results published by the government. The initiative would have prohibited commercial banks from lending more money than they […]
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U.S., EU take small step on trade, but no breakthrough at G7 summit
byLA MALBAIE, Quebec – The United States and European Union will establish a dialogue on trade within the next two weeks, a French official said on Friday, signaling a modest step forward for bitterly divided allies at a Group of Seven summit in Canada. U.S. trading partners have been furious over President Donald Trump’s decision […]
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A PotNetwork Exclusive with MCIG and its moves in the Cannabis Space
bymCig just announced their STARTUP Supply Division reached $1.5M in sales during its first year of operations. Can you talk a bit about the company’s overall growth and what the future looks like for mCig? Again, mCig has multiple verticals. And the key thing is, right now, the vertical that it’s going to spend its […]
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Tesla drives fourth day of gains for Nasdaq, banks up
byWall Street’s tech-heavy Nasdaq index was on track for its fourth straight day of gains on Wednesday, hitting a record high, while the S&P 500 and the Dow also inched higher. Tesla shares jumped 7.1 percent after billionaire Chief Executive Officer Elon Musk reassured shareholders that building 5,000 of its mass-market Model 3 cars per […]
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Billionaire Koch brothers take on Trump over tariffs
byPowerful US billionaire brothers Charles and David Koch are funding a multi-million dollar campaign against President Donald Trump’s trade tariffs. Three political groups backed by the brothers say they will use advertising, lobbying and grassroots campaigns to push the benefits of free trade. The duo run Koch Industries, one of the world’s largest privately-owned firms. […]
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