Tag: Business

  • U.S. jobs report brightens prospects for stocks, dollar

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    NEW YORK – World stocks rose and bond prices fell on Friday as investors welcomed a stronger-than-expected U.S. jobs report and an apparent end to a political crisis in Italy, although prospects for a full-blown global trade war limited the gains. The MSCI All-Country World index .MIWD00000PUS, which tracks shares in 47 countries, gained 0.74 […]

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  • MCIG Closes Escrow in California City, California to Grow and Process Cannabis

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    Expands its Growing, Cultivating, and Distributing Services JACKSONVILLE, FL, June 1, 2018 (GLOBE NEWSWIRE) — mCig, Inc. (MCIG) www.mciggroup.com, a diversified company servicing the legal cannabis markets is pleased to announce they have closed escrow on the purchase of a 2.5 acre parcel in California City, CA. MCIG’s agriculture division, with its Hemp farms in […]

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  • U.S. first-quarter growth trimmed on weak consumer spending

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    WASHINGTON – U.S. economic growth slowed slightly more than initially thought in the first quarter as consumer spending rose at its weakest pace in nearly five years, but activity is already picking up against the backdrop of a tightening labor market and tax cuts. Gross domestic product increased at a 2.2 percent annual rate, the […]

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  • Wall Street tumbles on concerns over Italy’s political turmoil

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    U.S. stock indexes slumped on Tuesday, with bank stocks among the hardest hit, as a deepening political crisis in Italy triggered rush to safe-haven assets. The S&P 500 and the Dow Jones Industrial Average were hovering near three-week lows on the prospects of a repeat election in Italy that has raised doubts about the country’s […]

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  • U.S. and EU again at odds over Airbus subsidies at WTO

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    GENEVA – The European Union told the World Trade Organization’s dispute settlement body on Monday that it had acted within days of a WTO ruling to bring its funding of planemaker Airbus into line with WTO rules, a trade official who attended the meeting said. The United States won a partial victory on May 15 […]

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  • Including petrol, diesel in GST won’t reduce prices much, says Sushil Modi

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    Incessant rise in petrol and diesel prices have forced the government to explore solutions that would provide some relief to the buyers. The list of possible courses of action include bringing petroleum products under the ambit of Goods and Services Tax (GST). However, Bihar Deputy Chief Minister Sushil Kumar Modi has argued that GST would […]

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  • Audi CEO says diesel crisis not over and vows to stay on: report

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    FRANKFURT  – Audi Chief Executive Rupert Stadler said the diesel emissions affair was not over and promised to stay at the helm of the German luxury car maker, a German newspaper reported on Saturday. Stadler also told the Augsburger Allgemeine newspaper that he did not rule out further vehicle recalls. Audi said this month it […]

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  • S&P, Dow fall as oil drop hurts energy; chipmakers boost Nasdaq

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    NEW YORK  – The S&P 500 and the Dow eased on Friday after a steep drop in oil prices pressured energy stocks, but losses were limited by gains in chipmakers and retail stocks. U.S. crude CLc1 tumbled 4 percent to settle at $67.88 a barrel after Saudi Arabia and Russia said they were ready to […]

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  • Wall Street dips after Trump cancels North Korea summit, targets car imports

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    U.S. stocks dropped on Thursday, but were well off the session lows hit after President Donald Trump canceled a summit with North Korea’s Kim Jong Un and threatened to impose tariffs on auto imports. Trump canceled the June 12 meeting citing Pyongyang’s “open hostility,”, even after North Korea followed through on a pledge to blow […]

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  • Tesla shares poised to rise after ‘fever pitch’ of bad news

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    Immaterial negative news stories about Tesla Inc have hit a “fever pitch”, and the electric carmaker’s stock is set to surge as output of its Model 3 sedan improves, according to an analyst. Baird Equity Research analyst Ben Kallo, in a note on Wednesday, said reports about factory accidents, employee turnover and production pauses have […]

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