• US wants ‘concrete’ trade action from China
US wants ‘concrete’ trade action from China

In midday trading, the Dow Jones industrial average had dropped more than 600 points or about 2.4 per cent. The Republican president appeared to address one of the concerns by indicating he would not be opposed to extending the 90-day truce.

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  • Almost 12 million pounds of ground beef recalled amid salmonella outbreak
Almost 12 million pounds of ground beef recalled amid salmonella outbreak

Common symptoms of a salmonella infection typically appear within 12 to 72 hours after exposure to the bacteria and may include diarrhea, abdominal cramps and fever. The USDA says any of those products still in people's freezers should be thrown away. FSIS routinely conducts recall effectiveness checks to verify recalling firms notify their cus...

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  • Fed: Rate hike 'warranted soon'
Fed: Rate hike 'warranted soon'

He has more recently called the Fed "crazy" and "loco" over recent interest-rate increases. Meanwhile, Fed Chairman Powell is set to speak on "The Federal Reserve's Framework for Monitoring Financial Stability" before the Economic Club of New York Signature Luncheon at 12:00 p.m.

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  • Trump, Xi agree to temporary truce on trade
Trump, Xi agree to temporary truce on trade

The statement said that the countries agreed to implement this transaction within the next 90 days. "The principal agreement has effectively prevented further expansion of economic friction between the two countries and has opened up new space for win-win cooperation", Chinese Foreign Minister Wang Yi said.

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  • Microsoft catches up with Apple's stock market value
Microsoft catches up with Apple's stock market value

It's a surprising turn of events as less than two months ago Microsoft's topped out at $887 billion while Apple's reached a peak above $1.12 trillion just one month after becoming the first U.S. Apple has slid amid growing concerns the company is seeing weak demand for iPhones , by far its biggest product line. When he took over in 2014 , the...

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  • Fed rate hikes aren't automatic - Powell
Fed rate hikes aren't automatic - Powell

The yellow metal climbed and the U.S. dollar fell following Fed Chair Jerome Powell's comments on interest rate hikes in 2019. Mr. Powell didn't provide any more guidance on the likely path for rates, and he noted they remain low by historical standards.

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  • PM Modi, Xi Jinping Meet On Sidelines Of G20 Summit In Argentina
PM Modi, Xi Jinping Meet On Sidelines Of G20 Summit In Argentina

The prospect of tariffs of 25 percent on imported autos and parts has sent shockwaves through the auto industry, with both US and foreign-brand producers lobbying against it and warning that national security tariffs on European Union and Japanese vehicles could dramatically raise the price of many vehicles.

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  • Sen. Brown says Trump 'likes' his auto bill
Sen. Brown says Trump 'likes' his auto bill

Following Trump's tweets on Tuesday afternoon, a person familiar with GM's financials told CNN Business that the only federal government subsidy GM now receives is a tax credit up to $7,500 for each electric auto it sells. The president reiterated on Twitter that "countries that send us cars have taken advantage of the USA for decades". "Nothin...

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  • Trump threatens to cut GM's federal subsidies over layoffs
Trump threatens to cut GM's federal subsidies over layoffs

General Motors benefits from a federal tax credit for electric vehicles, but the programme phases out after a manufacturer sells 200,000 cars. General Motors announced Monday that it plans to lay off roughly 14,700 workers, a number which represents 15 percent of all its salaried employees.

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  • Tunisian activists protest against Saudi Crown prince visit
Tunisian activists protest against Saudi Crown prince visit

Regional allies, meanwhile, have thrown their support behind the Crown Prince. "Right now, Mattis and Pompeo are coming", Corker said. The crown prince was accompanied by several high-ranking Saudi officials, including the foreign, trade and interior ministers and the head of general intelligence, the official Saudi Press Agency said.

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  • US Already Affected by Climate Change
US Already Affected by Climate Change

Disasters will cost the US hundreds of billions of dollars in lost economic activity and damage the health of millions, according to the US National Climate Change Assessment published on Friday. "What the USA needs to do is participate in a long-term conversation about how you get to innovation, and it's going to need to be a conversation agai...

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  • Trump’s Chinese Tariffs Target Consumer Electronics, Including Sony and PlayStation
Trump’s Chinese Tariffs Target Consumer Electronics, Including Sony and PlayStation

Speaking to the Wall Street Journal , Trump said that the only deal he would take from China would be to open up to U.S. competition. At the G20 meeting in Buenos Aires on November 30, Trump and Chinese President Xi Jinping are expected to discuss contentious trade matters that would have an impact on trade-sensitive currencies such as the...

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  • 'So not lit': BC reacts to rideshare legislation timeline
'So not lit': BC reacts to rideshare legislation timeline

Trevena would not commit to a specific date she believes ride-hailing services will be available to British Columbians - only that insurance products for ride-hailing companies should be available in about a year's time. "Ride-hailing enterprises like Uber helped invent the gig economy, where jobs are created to be precarious, unstable, and mostly ...

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  • Alexa can now make Skype calls
Alexa can now make Skype calls

Amazon has combined with Microsoft's Skype to allow calls to be made on all its devices that use Alexa. You can also make High-fidelity Skype video calls form the Echo Show and Echo Sport to Skype on Computers, Tablets or mobiles.

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  • Stock market skid intensifies, erasing 2018 gains for Dow, S&P 500
Stock market skid intensifies, erasing 2018 gains for Dow, S&P 500

Benchmark US crude lost 7 per cent to $US53.23 a barrel in NY. The tech-heavy Nasdaq composite lost 147 points, or 2.1 percent, to 6,881. Its shares fell 4%. The yield on the 10-year Treasury note remained at 3.06 per cent. Benchmark U.S. crude reversed an early loss and rose 0.5 percent to $56.76 a barrel in NY.

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  • Cryptocurrency 'bloodbath' as Bitcoin falls 30% in a week
Cryptocurrency 'bloodbath' as Bitcoin falls 30% in a week

Dollar value plunged below the $5,000 mark for the first time in 13 months , falling to $4,754. Cryptocurrency markets are at $146 Billion from the previous market at $210 billion. Digital assets have now lost nearly $700 billion of market value since crypto-mania peaked in January, according to CoinMarketCap .com. If, on the other hand, you'...

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  • One dead and over 200 injured in fuel protests across France
One dead and over 200 injured in fuel protests across France

At a blockade in the southeastern department of Savoie, a driver panicked when protesters surrounded her auto and she accelerated, hitting and killing a protester, French Interior Minister Christophe Castaner said . The protesters have dubbed themselves the "yellow jackets" because they wear fluorescent vests that all French drivers must keep in...

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  • Police Launch Murder Investigation into Woman's Fatal Plunge Off Cruise Ship
Police Launch Murder Investigation into Woman's Fatal Plunge Off Cruise Ship

Local police officers and forensic technicians then boarded the ship, the messages claim. According to one news site, Diario , "a "muscular" man was struggling with the woman and suddenly began choking her". Not only will this be the first time in history that Princess Cruises has deployed two Royal-Class ships from the same homeport outside the ...

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  • Boeing withheld info on model of plane involved in Indonesia crash
Boeing withheld info on model of plane involved in Indonesia crash

The manual did not tell pilots that, when the plane's computer detects the aircraft is in a stall, it automatically triggers a response, such as lowering the airpane's nose, to prevent or exit the stall. An American pilot who also requested anonymity said the plane ideally should require more than one sensor to display a stall before reacting. In...

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  • Crude mood: Oil enters bear market, plunging most since 2015
Crude mood: Oil enters bear market, plunging most since 2015

The BSE oil and gas index was among the top sectoral gainers rising 2.16% or 292 points to 13,852 level. West Texas Intermediate for December delivery advanced 87 cents to $57.12 a barrel at 11:31 a.m. Weekly inventories have been consistently growing since late September, with today's EIA report being the largest yet. Analysts predict a rise...

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  • Economists skeptical of tax breaks like Amazon is getting
Economists skeptical of tax breaks like Amazon is getting

They also handed over infrastructure, labour and other data that could prove useful in other ways to Amazon . Online searches for homes in Long Island City - long an industrial area in the Queens borough of NY - soared 248 percent last week, real estate brokerage Redfin said.

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  • Oil prices advance as Saudi to cut output
Oil prices advance as Saudi to cut output

Saudi Arabia, the world's largest exporter, will cut production by 500,000 barrels per day, AFP reported , citing energy minister Khalid al-Falih. Khalid al-Falih´s comments follow a meeting in Abu Dhabi at the weekend, where the OPEC group and its allies had already started laying the groundwork to reduce supply in 2019, reversing an nearly...

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  • Amazon Picking Long Island City & Northern Virginia For Split HQ2
Amazon Picking Long Island City & Northern Virginia For Split HQ2

Cities across the U.S. have spent months jockeying for a $5 billion investment that promises 50,000 high-paying jobs. Amazon sparked a bidding frenzy in September, 2017, when it announced it would invest more than US$5-billion to create an " HQ2 " in addition to its home base in Seattle and hire up to 50,000 people.

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  • Divided America to cast midterm verdict on Trump's Presidency
Divided America to cast midterm verdict on Trump's Presidency

President Trump will breathe a sigh of relief if his party maintains its majority in the Senate , but losing control of the House of Representatives could create big problems for him. Democrats during the 2016 demanded Trump release his tax returns. Not this year. These are the most consequential midterms for years. And among white men wit...

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  • Amazon Jumps in With Its Own Holiday Free Shipping Offer
Amazon Jumps in With Its Own Holiday Free Shipping Offer

The site announced this morning that all shoppers-Prime members or not-will get free shipping on any order. Amazon hasn't revealed yet when this promotion will end, just that it applies to "orders that will arrive in time for the Christmas holiday".

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  • Facing iPhone troubles, Apple tries to change the story
Facing iPhone troubles, Apple tries to change the story

FILE- In this September 21, 2018, file photo customers look at new Apple watches including the Series 4 at an Apple store in NY. The iPhone maker's stock is up more than 25 percent for the year, helped by purchases by Warren Buffett and a $100 billion share buy-back program.

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  • Wages surge as US adds a robust 250000 jobs in October
Wages surge as US adds a robust 250000 jobs in October

Employment in professional and business services, which has been Arkansas' strongest sector, continued to trend up nationally with 35,000 job adds in October and 516,000 for the year. If employees are pleased with their higher paychecks, financial markets tend to get nervous when wages climb too much since they're believed to lead to inflation...

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  • 'I think we'll make a deal with China'
'I think we'll make a deal with China'

The U.S.is preparing to announce by early December tariffs on all remaining imports from China if talks between presidents Donald Trump and Xi Jinping at the Group of 20 meeting on November 30 to Dec. He adds that any deal reached must be "fair". The Trump administration also has taken action to hit the Chinese semiconductor industry, i...

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  • Trump expects 'great deal' with China, but more tariffs if not
Trump expects 'great deal' with China, but more tariffs if not

The US plans to impose new tariffs on all remaining Chinese imports if talks between President Donald Trump and Xi Jinping fail at the G20 summit in late November, US news portal Bloomberg reported on Monday. However, Trump overturned the deal a few days later on the grounds that it was not sufficient. "People have to sit down together", he s...

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  • London Google employees walk out to protest treatment of women
London Google employees walk out to protest treatment of women

GMT. · An end to forced arbitration in harassment and discrimination cases. A flyer left at employees' desks explains that they've left in protest of the lack of transparency surrounding sexual assault cases. Specific to the matter of sexual harassment the employees are calling for a transparency report on the matter to be made public and...

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  • How New Yorkers can trade unwanted Halloween candy for Reese's cups
How New Yorkers can trade unwanted Halloween candy for Reese's cups

Don't try to deny it: A survey commissioned by Reese's found that 90 percent of Americans have traded - or wish they could trade - their unwanted candy on Halloween, Anna Lingeris, a spokeswoman for Reese's distributor Hershey, tells CNN .

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  • The cause of the FBI investigation against Tesla media
The cause of the FBI investigation against Tesla media

Musk and Tesla only recently settled with the U.S. Securities and Exchange Commission over Musk's August 7 tweets . The US Justice Department's investigation into whether he and Tesla misled investors about production of its Model 3 vehicle is "total bs", he said.

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  • Oil heads for third weekly slump as market selloff accelerates
Oil heads for third weekly slump as market selloff accelerates

In recent weeks, the oil market has carefully watched growing strains in the U.S. -Saudi relationship over the killing of Saudi journalist Jamal Khashoggi . Saudi Arabia's OPEC governor said on Thursday the oil market could face oversupply in the fourth quarter. Oil futures rose mid-week as the focus returned to looming U.S.

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  • IBM to gobble Red Hat for $34bn - yes, the enterprise Linux biz
IBM to gobble Red Hat for $34bn - yes, the enterprise Linux biz

The Red Hat deal is IBM's biggest acquisition yet for a reason : The stakes are too high and IBM has already been bumped out of the big cloud conversation by Amazon Web Services, Google Cloud Platform and Microsoft Azure. "IBM is committed to being an authentic multi-cloud provider, and we will prioritize the use of Red Hat technology across mul...

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  • Markets Right Now: Weak earnings pull U.S. stocks lower
Markets Right Now: Weak earnings pull U.S. stocks lower

The tech-heavy Nasdaq composite is on track to end more than 10 percent below its August peak, putting it in what Wall Street calls a "correction". The tech-heavy Nasdaq composite dropped 170 points, or 2.3 percent, to 7,151. On Thursday the stock market looks the way it has looked for most of this year: high-tech and consumer-focused companie...

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