Economy

As GOP schism grows, Trump attacks fellow Republicans

Freedom Caucus members say they're in the beginning stages of considering how they'll approach the coming tax debate - figuring out what, if any, concessions they might demand. And when the White House was still trying to win hardliners, Bannon apparently believed he could dictate terms to the Freedom Caucus. Trump and the Freedom Caucus want to dramatically shrink domestic programs. Read More

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WrestleMania 33 Predictions: Picking Winners For WWE's Biggest Show Of The Year

The launch of the store is part of a license deal with e-commerce partner, The Souled Store, and marks the first time authentic WWE Superstar apparel will be available in India. And the less said about Bill Goldberg winning the Universal Title, the better. At least the pre-show people have an actual Wrestlemania match. However, a new image has shown that WWE has taken things one step further and all you need to do is look at the ring in the image below. Read More

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BlackBerry shares pop after posting smaller quarterly loss

BlackBerry's net loss, reported in US dollars, was $47 million or nine cents per share - a big improvement from the $238-million loss it had at the same time a year ago. Global Equities Research began coverage on BlackBerry in a report on Monday, March 13th. Morgan Stanley Maintains the stock to Equal-Weight on 9/29/16 by stationing a price target of $7. Read More

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Judge approves $25 million settlement of Trump University lawsuit

Judge approves $25 million settlement of Trump University lawsuit

District Court for the Southern District of California. NPR's Ina Jaffe reported previous year that students paid $1,500 to $35,000 for courses on "real estate investment secrets" ostensibly taught by instructors handpicked by Trump. He said the plaintiffs "waited years for compensation while President Trump refused to settle and fought us every step of the way - until his stunning reversal last fall". Read More

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Uber President Jeff Jones Abandons Company Citing Uncouth Beliefs And Leadership

The announcement comes after a string of incidents linked to the USA firm, who recently were forced to abandon a driverless auto test in San Francisco after it emerged the company did not have the correct permit. In early March, Kalanick announced Uber's search for a new COO. Two separate, well-placed sources at the company told the BBC that Mr Kalanick could possibly step down as chief executive soon after the new COO is in place - a move that might reassure investors ahead of a ... Read More

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South Africa's ANC youth league praises Zuma's cabinet reshuffle

Gordhan also said during a televised press conference in Pretoria on Friday that he had been "sickened" by allegations that he had secret meetings to undermine the government during an investor roadshow overseas. Gordhan said he would not fight his firing but invoked South Africa's long history of mass mobilization. Ultimately, though, this is being seen as a political issue with the president rewarding loyalists. Read More

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Dylann Roof Makes Plea Deal On State Murder Charges

Dylann Roof Makes Plea Deal On State Murder Charges

Prosecutor Scarlett A. Wilson sent a letter to the families explaining the Roof, who is now 22, will plead guilty in exchange for a sentence of life in prison on the state charges. Loved ones of those killed have waited since the emotional federal trial to find out if they would have to endure a second trial. Now, if this deal goes through, authorities can transfer him to serve his sentence and await the results of the years of appeals that will surely ensue. Read More

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Confirm Gorsuch to the high court

Senate Judiciary Committee Chairman Chuck Grassley (R-Iowa) and several fellow Republicans on committee have suggested that they would be willing to invoke the "nuclear option" in response to a Democratic filibuster. He said that as a lawyer he would not want to practice before a judge prejudiced against his client. A day after saying she was torn over the decision, Missouri Sen. Read More

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Enviros File First Wave Of Lawsuits Against Keystone Pipeline

Enviros File First Wave Of Lawsuits Against Keystone Pipeline

But the approval of the Keystone pipeline has investment ramifications far beyond just that one oil pipeline.... The Obama Administration State Department issued a determination on November 6, 2015, that Keystone XL would not serve the national interest because it "would significantly undermine [the U.S.'s] ability to continue leading the world in combatting climate change". Read More

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The Keystone Pipeline is Back: How We Got Here

The Obama administration had put the development on hold in 2015 after years of review, citing environmental concerns. Senator John Thune said the decision is "long overdue" and has been held up by government for a "really long time". Trump did not repeat an earlier promise that the steel to make the Keystone XL pipeline would be American. Many energy experts insisted the truth was somewhere in between. Read More

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Uber restarts self-driving cars following weekend wreck

There are 43 active autonomous cars in Uber's fleet, and here in San Francisco they've now got DMV permits to operate two of them, though lacking those hasn't stopped the company in the past. "There was a person behind the wheel [of the self-driving car]". Last year, a driver of a semi-autonomous Tesla - which is different from a self-driving vehicle - was killed with the car's Autopilot system engaged. Read More

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President Trump revokes Obama-era LGBTQ protections, lets federal contractors discriminate

President Trump revokes Obama-era LGBTQ protections, lets federal contractors discriminate

The repeal of Executive Order 13673, although it most directly impacts the LGBT community, has implications for a wide swath of federal regulation created to prevent discrimination against women and minority communities. Lambda Legal CEO Rachel B. Tiven said: "This sends a message that the government condones discrimination". However, it did apply to the huge number of firms that do business with the federal government. Read More

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Russian Federation draws senators' focus in hearing on election meddling

During the trip of the delegation to an ice cave located on the island, Russian President Vladimir Putin personally chopped several fragments from the glacier and handed them over to experts accompanying his trip. They made a point of putting themselves at arm's length from the House investigation that has been marked by partisanship and disputes. Do we want to bring the situation to what it was in the 1960s during the Cuban (missile) crisis? The Russian leader added that he's looking ... Read More

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'Fearless Girl' statue to remain on Wall Street

And for now, she's here to say . The Fearless Girl statue will remain in place until February 2018. Calls for " Fearless Girl " to become a permanent part of the financial district began nearly immediately after it appeared, including an online petition that had garnered more than 28,000 signatures by Monday morning. Read More

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Paychex third-quarter earnings top analysts' expectations

Looking forward, the company is expected to report earnings of $0.62 per share for the current quarter. Paychex had a net margin of 25.40% and a return on equity of 41.00%. Also, insider Michael E. Gioja sold 24,726 shares of the stock in a transaction that occurred on Tuesday, January 17th. In terms of volatility, it has a beta coefficient of 0.91 and technical analysis volatility indicator called Average True Range or ATR around 0.86. Read More

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Oil ETFs Still Looking to OPEC

USA crude futures surged to almost a two-week high after EIA reported that crude inventories rose 867,000 barrels last week, almost half the build expected. China became the third-biggest overseas destination for U.S. crude in 2016, according to EIA data, up from ninth the previous year. Major oil traders gathered in Switzerland this week said they expected the output cuts to be extended, providing Russian Federation complies. Read More

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Why didn't Samsung upgrade the main camera on the S8?

The resolution is the same on both phones: QHD+ which is 2960x1440 pixels. The Samsung S8 and the Samsung S8 Plus are available in black, blue and silver. According to the company, Bixby is intelligent enough to "learn users' habits and provide related information". The S8 features Samsung's new artificial intelligence service, Bixby , with functions including a voice-commanded assistant system similar to Apple's Siri . Read More

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Vodafone India and Aditya Birla agree $23bn Indian merger

Vodafone India and Aditya Birla agree $23bn Indian merger

Britain's Vodafone Group's Indian subsidiary and Aditya Birla Group's Idea Cellular, after eight months of discussion, have merged to create a new market leader better able to contest a brutal price war. Its Reliance Jio 4G mobile broadband network was launched past year, offering free calls and discounted data services in a bid for rapid growth. "It gives me enormous pleasure that we reached to an agreement to merge our companies Idea Cellular and Vodafone ". Read More

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Sears says it doesn't know if it can survive

Property taxes would continue to be paid even if the stores close, but it is possible that property value would drop if the stores would no longer be open. The chain has cut its retail stores in the United States by almost a third since 2013 to 670 and has placed some of its stores in a real estate investment trust. Read More

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Environmental groups file lawsuit over Trump climate actions

But Trump on Tuesday signed a sweeping executive order that included lifting the moratorium, and also initiated a review of former President Barack Obama's signature plan to restrict greenhouse gas emissions from coal-fired power plants. "Putting America first means continuing our role as a global leader in reducing carbon emissions". It will also rescind Obama-era executive orders and memoranda, including one that addressed climate change and national security and one that sought to ... Read More

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Trump Approves Disastrous Keystone XL Pipeline

TransCanada CEO Russell Girling, standing next to Trump, said Keystone XL will "create thousands of jobs". "At the same time, we also know, not only the United States, but Canada is decreasing the amount of oil that they use because we all recognize the impacts of climate change, and we all recognize the impacts that these pipelines have when they spill, leak and explode". Read More

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Toshiba says it can erase negative net worth in a year

Toshiba shares have crashed more than 50% since 2014 as losses mounted at its Westinghouse unit due primarily to massive cost overuns at two nuclear projects in the U.S. Westinghouse , based north of Pittsburgh in Cranberry Township, said it hopes to use bankruptcy to isolate and reorganize around its nuclear fuel and power plant servicing businesses from its money-losing construction operation. Read More

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H&M sales grow 7 percent but profits down

H&M sales grow 7 percent but profits down

Instead, Persson said H&M would concentrate on getting more revenue out of each store. This year, H&M will expand to five new physical store markets-Kazakhstan, Colombia, Iceland, Vietnam and Georgia. Sales at COS, & Other Stories , Monki, Weekday and H&M Home continued to develop very well both in stores and online, as did H&M's online sales. This is something H&M is trying to emulate by "investing significantly" in its supply chain, including a new logistics system with greater levels ... Read More

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Amazon shutting down parent company of diapers.com

Amazon shutting down parent company of diapers.com

The acquisition was the result of an intense price battle among companies that threatened to push Quidsi to bankruptcy. Jet.com was actually founded by Marc Lore, who also started Quidsi . Their pay for workers is going down even as shoppers are beginning to figure out just what the service is costing them. " AmazonFresh Pickup is a fast and easy way to order groceries, pick them up, and be on your way in minutes". Read More

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