• 'Tariff Man' Trump Says He May Extend Truce in China Trade War
'Tariff Man' Trump Says He May Extend Truce in China Trade War

Trump had tweeted Sunday that China agreed to "reduce and remove" its 40 percent tariff on cars imported from the U.S. Mnuchin said Monday that there was a "specific agreement" on the auto tariffs. "I am a Tariff Man", the president said Tuesday in one of a series of tweets about a new round of trade talks with China after the world's two l...

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  • Oil prices ease in cautious trading ahead of OPEC meeting
Oil prices ease in cautious trading ahead of OPEC meeting

Ultimately, I do believe that they will eventually have to cut, and as Russian Federation shows up to the meeting during the day on Friday, that could be a bit of a boost. Riyadh under pressure from Trump not to reduce output, Moscow resists deep cuts. Mr Trump tweeted ahead of the Vienna meeting that "hopefully Opec will be keeping oil flows a...

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  • Donald Trump Demands 'REAL DEAL' with China Despite Shaken Stock Market
Donald Trump Demands 'REAL DEAL' with China Despite Shaken Stock Market

That, coupled with conflicting statements by Trump and USA officials, helped trigger a tumble in US stock prices Tuesday amid doubt about the chances for a lasting settlement of a battle over technology that threatens to chill global economic growth.

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  • US, China declare 90-day halt to new tariffs, White House says
US, China declare 90-day halt to new tariffs, White House says

It should be according to the scheduled 90 days, no agreement, there will be an increase in the customs duties. The Chinese agreed to buy a "not yet agreed upon, but very substantial amount of agricultural, energy, industrial" and other products from the United States to reduce America's huge trade deficit with China , the White House sai...

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  • Trade ties in G20 summit spotlight
Trade ties in G20 summit spotlight

The statement acknowledges flaws in the world trading system and calls for reforming the World Trade Organization . "We therefore support the necessary reform of the [World Trade Organization] to improve its functioning", the document says.

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  • Why Did Fed Chairman Jerome Powell Back Off on Rate Hikes?
Why Did Fed Chairman Jerome Powell Back Off on Rate Hikes?

In its most recent projections, the Fed forecast that it would raise rates in December for the fourth time this year, followed by three more hikes in 2019. Rather, he said, the Fed will assess the most recent economic and financial data in deciding whether or how fast to keep raising rates. In an appearance earlier this month, Powell cited strong...

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  • Trump Slams GM: Plants Close as Economy Grows
Trump Slams GM: Plants Close as Economy Grows

Trump has vented his anger at GM after the company announced plant closings in the US and Canada, at a cost of more than 14,000 jobs. The White House confirmed the call and used similar language, saying: "The two leaders discussed their disappointment in the announced closures of General Motors plants in their respective countries and their...

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  • Saudi Crown Prince, Bahrain's King Open New Oil Pipeline
Saudi Crown Prince, Bahrain's King Open New Oil Pipeline

Amid worldwide concern about the killing of Saudi journalist Jamal Khashoggi , some 200 protesters gathered in central Tunis on Monday night to protest the prince's Tuesday arrival for talks with the Tunisian president. Prince Mohammed was greeted with a ceremonial reception and both the Saudi and Tunisian national anthems were played and a gu...

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  • Bitcoin sinks to new 13-month low
Bitcoin sinks to new 13-month low

It seems the trend turned bearish for almost every cryptocurrency, except for USD Coin, QASH and Dai showing minor increase. Across the board, the market cap for cryptoassets was $168 billion on Monday , according to CoinMarketCap data .

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  • Toronto officially loses Amazon's coveted HQ2 bid
Toronto officially loses Amazon's coveted HQ2 bid

SEATTLE ― Amazon today announced that it has selected New York City and Arlington, Virginia , as the locations for the company's new headquarters. "We have to make sure that Texas has the best schools in America", he said. "We want to strike while the iron is hot". While Amazon initially appeared to be casting its net wide, its final se...

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  • 'A referendum on me': Trump makes final push ahead of U.S. midterms
'A referendum on me': Trump makes final push ahead of U.S. midterms

Emblematic of the thinly-disguised racist tropes he often resorts to, Trump told his supporters in Florida this week that the election is about "safety" that Democrats are aiming to destroy (in the state where he has property) and "when people are camping on your front lawn - remember (Andrew) Gillum", the Democrat in the running for the state's ...

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  • Apple will stop reporting how many iPhones, iPads and Macs it sells
Apple will stop reporting how many iPhones, iPads and Macs it sells

For the whole of 2018, Apple was set to sell about 2 million phones - a drop of about a million from a year ago, he said, as Indians baulk at high prices for the devices, driven by trade tariffs and a weak rupee. For the fiscal fourth quarter, Apple is expecting revenue of $60 billion to $62 billion, which would represent year-over-year growth of 1...

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  • Tech companies lead another steep sell-off in U.S. stocks
Tech companies lead another steep sell-off in U.S. stocks

The S&P 500 index slid 46.88 points, or 1.7 percent, to 2,658.69. The Dow Jones Industrial Average lost 2.4%, meaning it had erased all 2018's gains by the close. The FTSE 100 closed down 0.92 per cent, or 64.54 points, to 6939.56, while the FTSE 250 shed 0.96 per cent, or 178.63 points, to 18,352.90. Heating oil jumped 1.1 percent to $2.30 a g...

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  • China leads the way as worlds billionaires get even richer
China leads the way as worlds billionaires get even richer

That compares to 631 in the US. "In that year alone, 44 heirs inherited more than a billion dollars each (56% Americas, 28% EMEA, 16% APAC), totalling USD 189 billion (the discrepancy with USD 117 billion is assumed due to growth of assets in probate and revaluation of assets)", the report said.

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  • Could The $1.6 Billion Lottery Winner Appear On My Lottery Dream Home?
Could The $1.6 Billion Lottery Winner Appear On My Lottery Dream Home?

Mega Millions announced the historic win in a statement early Wednesday. Three tickets matched four of the first five numbers and the Megaball without Megaplier to win $10,000. For the victor, options include an immediate cash payment of $877.8 million, or the $1.537 billion prize paid out over 29 years. Santo, who was joined by her husband Man...

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  • Crown Prince Muhammad addresses FII at plenary session
Crown Prince Muhammad addresses FII at plenary session

The kingdom's de facto ruler vowed that those responsible for what he described as a "heinous crime" would be held to account, adding "justice will prevail". Mr Erdogan stopped short of mentioning the crown prince who some United States lawmakers suspect ordered the killing. The death of Khashoggi, a USA resident and Washington Post columnist...

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  • Mega Millions And Powerball Combined Jackpots Reach $2.2 Billion After No Winners
Mega Millions And Powerball Combined Jackpots Reach $2.2 Billion After No Winners

The Mega Millions lottery has soared to more than $ 1 billion dollars. With steady sales, the top prize was set to grow beyond $1.6 billion , as lottery officials predicted bettors would buy tickets up until the very last minute. "You'll have relatives you've never heard of popping up or people who one time angered you might be suing yo...

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  • 'Pretty striking': Oil price plunges to six-week low
'Pretty striking': Oil price plunges to six-week low

Economist Intelligence Unit energy analyst Peter Kiernan said it would be self-defeating for Saudi Arabia to cut oil supply, as it would risk losing market share to other exporters while losing its reputation as a stable player in the market.

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  • Mnuchin Won't be at Saudi Conference After Disappearance
Mnuchin Won't be at Saudi Conference After Disappearance

The Post initially held off on publishing the column amid hope for Mr Khashoggi's return, Ms Attiah said. "This is the last piece of his I will edit for The Post ", she wrote. Khashoggi's editor said the article "perfectly captures his commitment and passion for freedom in the Arab world". Mr Khashoggi first began writing for the Post's o...

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  • Turkish police search Saudi consul’s home in Khashoggi case
Turkish police search Saudi consul’s home in Khashoggi case

President Trump said on Wednesday that he doesn't want to sever ties with Saudi Arabia because they have a "tremendous order" for weapons that could potentially create a half a million jobs, until facts are established on US resident Jamal Khashoggi .

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  • Washington Post journalist Jason Rezaian 'shocked' over Khashoggi disappearance
Washington Post journalist Jason Rezaian 'shocked' over Khashoggi disappearance

The New York Times reported on Tuesday that one of the suspects identified by the paper was a frequent companion of Saudi Crown Prince Mohammed bin Salman . The U.S. president has been after King Salman and OPEC to boost production to drive down high oil prices, caused in part by the coming re-imposition of oil sanctions on Iran.

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  • Netflix adds more subscribers than expected
Netflix adds more subscribers than expected

But the Netflix cash burn, as it's called on the Street, is a worthy issue for investors to monitor as it's starting to change the complexion of the company's financials. Netflix first signed a carrier billing in India with Vodafone a year ago; postpaid customers could pay for Netflix on their monthly bills. Wall Street's confidence took a hit...

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  • UK, France, Germany Call For Probe Into Missing Saudi Journalist Jamal Khashoggi
UK, France, Germany Call For Probe Into Missing Saudi Journalist Jamal Khashoggi

Khashoggi , I can not support President Trump's proposed arms sale", Durbin said . On Sunday, Riyadh restated its "total rejection of any threats or attempts to undermine it" through threats, sanctions, or political pressure. The sales are a "tremendous order for our companies", and if the Saudis don't buy their weaponry from the US, they will g...

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  • Imf Warns Of 'somewhat' Greater Global Financial Risk
Imf Warns Of 'somewhat' Greater Global Financial Risk

The IMF expects the US economy to grow 2.9 percent this year, the fastest pace since 2005 and unchanged from the July forecast. The IMF downgraded the economic growth forecasts for the whole region of the Middle East, North Africa, Afghanistan, and Pakistan, compared to the April edition of the World Economic Outlook, reflecting "to an importan...

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  • Evacuations ordered as Hurricane Michael speeds toward Florida in US
Evacuations ordered as Hurricane Michael speeds toward Florida in US

Scott issued an order for a state of emergency for 26 counties in the Florida Panhandle and the Big Bend area. Soon-to-become Hurricane Michael , a tropical storm is gaining intensity south of the Gulf of Mexico . Hurricane-force winds extend outward up to 30 miles (45 kilometers) from the storm's center and tropical-storm-force winds ...

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