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  • How major United States stock indexes fared Monday
How major United States stock indexes fared Monday

Banks and consumer-focused companies and media and communications stocks also took heavy losses Monday. The S&P 500 Index closed at 1.97% lower or fell 54.79 points. In Europe, FTSE 100 is up around 12 points at the time of writing; the DAX is up by about 84 and the CAC 40 is ahead by around 20 points. The U.S. and China have raised tariffs on bill...

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  • Pelosi Flexes Her Muscles To Quell Dem Rebellion Against Her Leadership
Pelosi Flexes Her Muscles To Quell Dem Rebellion Against Her Leadership

Jim Jordan of OH, a leader of the Freedom Caucus, to win the job of incoming minority leader in leadership elections Wednesday. John Cornyn of Texas, was pushed out by term limits. Iowa Sen. Joni Ernst called her selection to the leadership ranks "a great honor". While McCarthy provides an affable face for the GOP, Jordan, the former OH wrestlin...

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  • Alibaba Generates Whopping $31 Billion In 24-Hour Sale
Alibaba Generates Whopping $31 Billion In 24-Hour Sale

Alibaba was crucial in making Singles' Day , previously an obscure holiday observed by just a handful of companies , a massive cultural phenomenon over the last decade. Singles Day "is not a day of discounts, but rather a day of gratitude", he said in the video. "It's when retailers use the best products and best prices to show their gratitude...

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  • Target & Walmart release Black Friday ads for holiday shoppers
Target & Walmart release Black Friday ads for holiday shoppers

We've collected our favorite Walmart Black Friday deals , and you can see a more complete list by clicking through the slideshow below. Target , meanwhile, will have the iPhone XS and iPhone XS Max with $250 Gift Card only. Target doesn't have a desirable deal or bundle on Xbox One X. The Xbox One S 1TB Minecraft bundle also appeared on Walma...

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  • WTI navigates near $61.00 post-EIA report
WTI navigates near $61.00 post-EIA report

EIA said in a report that USA crude oil output during last week was 11.6 million barrels per day, up by 400,000 barrels per day from the previous week, or up by 2 million barrels per day year over year. All of this has come as something of a surprise to the market which, in late September and early October, was more focused on a loss of supplie...

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  • Green Wave: Cannabis Wins at the Ballot Box
Green Wave: Cannabis Wins at the Ballot Box

Cannabis stocks, already bolstered by wins in the midterm elections, got an added boost when anti-pot Attorney General Jeff Sessions announced his resignation Wednesday afternoon. The support for the proposal was overwhelming with many people interested in the new measure for its economic benefits. MI just joined nine other states, the District...

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  • United States renews Iran sanctions, grants oil waivers to China, seven others
United States renews Iran sanctions, grants oil waivers to China, seven others

Hours earlier, Iran's Foreign Minister Mohammad Javad Zarif said the "bullying" restoration of oil and banking curbs was backfiring by making Washington more isolated, a reference to other world powers opposed to the initiative. In accordance with its agreement with the United States, the government did not reveal how frequently the waivers will ...

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  • Amazon’s gift? Free holiday shipping for everyone
Amazon’s gift? Free holiday shipping for everyone

Even though over half of all U.S. households now have Prime memberships , Amazon would undoubtedly like to convert even more consumers to paid subscribers. Amazon's plan could overshadow holiday strategies from top competitors like Target , which offers free two-day shipping on all orders from November 1 to December 22.

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  • Trump expects 'very good' trade deal with China
Trump expects 'very good' trade deal with China

Jacob Parker, vice president of China operations at the US-China Business Council in Beijing , said there were plenty of challenges that would require significant negotiations in advance of a meeting between Trump and Xi to ensure success.

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  • Shares soar as Trump hints at possible US-China trade deal
Shares soar as Trump hints at possible US-China trade deal

Though final decisions have not been made, USA officials are preparing for such a scenario in case a planned Trump-Xi meeting yields no progress on the sidelines of a Group of 20 summit in Buenos Aires in November, according to the report. The yuan had come under intense pressure to weaken of late, as slowing growth in China and trade tensions with...

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  • Trump plans 2 Missouri stops before US Senate election
Trump plans 2 Missouri stops before US Senate election

If they won the House and Senate it would put them in a position to oppose the president's legislative agenda. Democrats are leading in Orange and Osceola counties. There is also a danger the president could face impeachment proceedings if Democrats take a majority in Congress. Will voters blame the President for the current level of anger in t...

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  • US economy grows 3.5% in third quarter
US economy grows 3.5% in third quarter

One factor stands out: Government spending is playing a major role in the current economic expansion. Inventory investment is expected to have added as much 2 percentage points to GDP growth after slicing off 1.1 percentage points from output in second quarter.

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  • Indonesian plane crashes off Jakarta
Indonesian plane crashes off Jakarta

Captain Suneja was a resident of Jakarta . The plane had requested to return to base minutes before it disappeared. Bhavye Suneja, 31, was a Delhi resident. What do we know about this aircraft? The transport ministry said crisis centers have been set up Pangkal Pinang's airport and Jakarta's Soekarno Hatta airport.

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  • Trump says he 'maybe' regrets picking Powell as Fed chair
Trump says he 'maybe' regrets picking Powell as Fed chair

While his remarks were a bit more tempered than those of his colleagues earlier this week, Clarida said he sees "further gradual adjustment" in the Fed's benchmark funds rate as likely. He can't remove Fed governors, including Powell, except for ill-defined "cause", and the Senate must confirm replacements. This month he has called the Fed "crazy...

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  • Plant City man wins $3 million in Mega Million drawing
Plant City man wins $3 million in Mega Million drawing

For the victor, options include an immediate cash payment of $877.8 million, or the $1.537 billion prize paid out over 29 years. South Carolina Education Lottery Chief Operating Officer Tony Cooper says the lottery knows when and where the ticket was bought, but won't be sure who bought it until the victor contacts them.

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  • Abe prepares for Beijing visit, says Japan will bolster ties with China
Abe prepares for Beijing visit, says Japan will bolster ties with China

And though Abe has met more often with Trump than any other foreign leader has, he is well aware of the president's fickle treatment of USA allies and also wants to cover his bets. "[ I think] China would like to warm relations with traditional rivals such as Japan and concentrate the diplomatic efforts on United States". Japanese Prime Minister ...

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  • Turkey says Saudi Arabia still has questions to answer over Khashoggi
Turkey says Saudi Arabia still has questions to answer over Khashoggi

U.S. CIA Director Gina Haspel , who traveled to Turkey to investigate Khashoggi's death , has reportedly listened to the audio recording of his torture and killing, according to pro-government media in Turkey and The Washington Post .

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  • Iran Accuses Saudi for Violating OPEC Pact Under US Pressure
Iran Accuses Saudi for Violating OPEC Pact Under US Pressure

Saudi Arabia said last week it would retaliate against any punishment for the killing. China is Iran's biggest oil customer. The minister reiterated that the market is unable to find a replacement for Iran's oil, urging Trump to abandon his plan to impose sanctions on the country.

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  • Elon Musk's First Highspeed Underground Test Tunnel Opens December 10
Elon Musk's First Highspeed Underground Test Tunnel Opens December 10

Manufactured under his firm Boring Co., Hyperloop is a network of high-speed transit tunnels created to maximise the efficiency of public transport at a lowered cost. The company will then offer free rides to the public the next day, he said, allowing passengers to travel as fast as 155 miles per hour. In addition to the testing tunnel and the ...

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