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She also did not mention the potential impact of Trump's other Fed nominations on central bank interest rate decisions and its approach to its other job, regulating the nation's largest banks. More generally, the Committee would be prepared to use its full range of tools, including altering the size and composition of its balance sheet, if future economic conditions were to warrant a more accommodative monetary policy than can be achieved exclusively by reducing the federal funds rate.
  • USA job creation surges in June, unemployment ticks up

    USA job creation surges in June, unemployment ticks up

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    The labour force participation rate increased to 62.8 per cent from 62.7 per cent in the previous month, though that is still near the lowest level in more than three decades. Still, this shadow labor force generally has been shrinking. The figure is a point lower than it was in June 2016. It was 1.5 percentage points down from a year ago, and it helped create the smallest gap between white and black employment on record.
  • June Jobs Report Beats Wall Street Expectations

    June Jobs Report Beats Wall Street Expectations

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    What's more important than the jobless rate? While that could signal greater confidence in the labor market, it could also be an artificial optimism in that more people are simply looking for work. The U.S. economy added 222,000 jobs in June and the unemployment rate was little changed at 4.4 percent, the U.S. Bureau of Labor Statistics said Friday.
  • Australia to get world's biggest battery to power 30000 homes

    Australia to get world's biggest battery to power 30000 homes

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    It's fair to say it's going down pretty well Down Under where " Elon Musk ", " South Australia " and " Tesla " dominate key trends on Twitter . Australia has also experience blackouts in the summer of this year, with the South Australia government looking for long-term solutions, including renewable energy , to secure the future of its grid.
  • Audio: NYPD Officer Pleads For Help For Partner

    Audio: NYPD Officer Pleads For Help For Partner

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    Bonds visited a psychiatrist in June, his girlfriend told the cops. The suspect has been identified as 34-year-old Alexander Bonds . After two officers were fatally gunned down through the window of their squad car in 2014, the nation's largest police force embarked on an ambitious plan to outfit all of its squad cars with inch-thick bullet-resistant glass and armored door panels capable of stopping a round from a.44 Magnum.
  • US warns China about North Korea trade — The Latest

    US warns China about North Korea trade — The Latest

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    Speaking to reporters about North Korea's test of an intercontinental ballistic missile, Mattis said he does not "believe this capability brings us closer to war", the military news outlet reported. The fact that on-board video was relayed from the missile to the North Koreans on the ground, likely along with telemetry, is also interesting. Peter Hayes, an honorary professor at the Center for International Security Studies in Sydney University and the director of the Nautilus Institute for ...
  • Novak Djokovic remains calm amid questions about John McEnroe comments

    Novak Djokovic remains calm amid questions about John McEnroe comments

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    The 12-time Grand Slam champion is now on a six-match winning streak after winning his second title of the year in Eastbourne. Djokovic has been bounced before the fourth round of a grand slam twice since 2010. 1 Lindsay Davenport will serve as a "legend ambassador" for the WTA Finals, which will be held in Singapore from October 22-29. The seven-time Wimbledon champion advanced to the third round by beating Dusan Lajovic 7-6 (0), 6-3, 6-2.
  • Russian Federation 'probably' interfered in U.S. election, but 'nobody really knows'

    Russian Federation 'probably' interfered in U.S. election, but 'nobody really knows'

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    Trump had expressed personal respect for Putin as a leader during his presidential campaign and the Russian president was one of the first world leaders to congratulate Trump on winning the November election. Both nations have targeted terrorist groups in the region, including ISIS. The letter cited the findings of the USA intelligence community that Putin directed the interference.
  • Gold firm as Fed split on rate hike outlook

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    Several policymakers supported slowing the pace of interest rate increases and allowing the already low unemployment rate to decline further in order to increase inflation and wage growth. Investors had bid the currency up on speculation the central bank would hint at policy tightening like its counterparts in Europe and Canada. Our take is that the start of the balance sheet reduction is still some way off.
  • World's Fourth Largest Cryptocurrency Exchange Hacked in South Korea

    World's Fourth Largest Cryptocurrency Exchange Hacked in South Korea

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    Bitcoin.com recently reported on Rep. Park Yong-jin of the ruling Democratic Party of South Korea preparing a bill that will provide bitcoin, ethereum , and other digital currencies with a legal framework. But for anyone just experimenting with opening up to a new wave of customers, there is little extra work to do. In an official notice , Bithumb stated that the "compensation for personal information leakage cases has been decided".
  • North Korea hails successful 'long-range' missile test

    North Korea hails successful 'long-range' missile test

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    President Donald Trump encouraged China , one of North Korea's only allies and a major trading partner, to pressure the North to curb its nuclear ambitions. "At the same time, bilateral relations have been affected by some negative factors". Jieyi appeared to agree with Trump's statement and admitted that if North Korea doesn't relent with their missile tests, there may be terrible consequences in the future.
  • CBN's Manufacturing PMI records expansion in June

    CBN's Manufacturing PMI records expansion in June

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    The June Caixin PMI wasn't all positive, with the release saying the optimism toward the business outlook touched its lowest level so far this year. Even troubled Greece is back in growth - its manufacturing PMI rose to 50.5, the first expansionary reading since August 2016. "On the other hand, we are seeing a slowdown in growth of new business, leading to concerns about the ability of the manufacturing industry to contribute to wider United Kingdom economic growth over the next year".
  • South's military: NKorea fires ballistic missile

    South's military: NKorea fires ballistic missile

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    US President Donald Trump responded on Twitter: " North Korea has just launched another missile ". Xi stressed that since his meeting with President Trump , important results have been achieved in China-US relations, reported Chinese state media outlet CCTV.
  • Christie's New Jersey, cash-strapped Illinois among 11 states facing budget woes

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    Christie's spokesman was later told about the photos and claimed the governor's baseball hat shielded him from any potential sun rays. At Island Beach State Park, no one was allowed to soak in the sun on the sand. The image was captured by New Jersey Advance Media and was posted Sunday afternoon soon after it was shot, sparking ire across the state. Christie is reportedly pushing for a $34.7 billion state budget that includes certain provisions for his initiatives like drug treatment.
  • Tesla to deliver first Model 3 cars this month

    Tesla to deliver first Model 3 cars this month

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    In August the production of Model 3 cars should be 100 cars and in September Tesla puts out more than 1,500. As production increases, Musk will have to jump a major hurdle that he's been working on to make the Model 3's volume possible: providing batteries for each vehicle.
  • N. Korea threat increasing, Trump tells China's Xi

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    Several administrations have wearied with diplomatic efforts to change China's thinking on everything from environmental and economic policy to stopping a North Korean nuclear program that will soon be able to threaten America's West Coast.
  • Oil prices jump in world markets

    Oil prices jump in world markets

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    That would be the highest since June 2013, when Libya pumped 1.13 million barrels a day, according to data compiled by Bloomberg. However, 70 percent would not rule out a further drop into the $30s. Forty seven percent believe demand is stronger but 40 percent believe it is flat. "WILL, the effects of which are obviously long term very, very bearish ", he wrote in comments supplied with survey results.
  • Where is the fair play — George Pell saga

    Where is the fair play — George Pell saga

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    The BBC's David Willey said the saga is seen as a punishing body-blow to the reputation and credibility of the worldwide Roman Catholic Church. Pope Francis gave the Catholic church five new cardinals Wednesday, somberly instructing them to act as servants and not "princes" in a world where innocents are dying from wars and terrorism, slavery persists and refugee camps often are living hells.
  • Interest in Andre Iguodala, Zach Randolph — Sacramento Kings Rumors

    Interest in Andre Iguodala, Zach Randolph — Sacramento Kings Rumors

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    Iguodala, 33, averaged 7.6 points, 4.0 rebounds and 3.4 assists off 52.8 percent shooting from the field and 36.2 percent from three through 76 games off the bench in 2016-17. The person requested anonymity because a contract cannot be signed until July 6. Losing him weakens the 2017 NBA champions, unless they find a replacement.
  • The Mets Need Pitching, and Bartolo Colon Is Available

    The Mets Need Pitching, and Bartolo Colon Is Available

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    Steven Matz and Lugo, who fired six solid innings in the Mets' 6-3 win over the Miami Marlins on Thursday, missed the first two months of the season with elbow injuries. Tampa Bay Lightning owner and chairman Jeff Vinik will invest $6 million in the team's exclusive practice facility, the Ice Sports Forum (ISF), to create brand new locker room and training facilities for the team, the organization announced.
  • Crude Oil Can Fall To $35 Per Barrel Levels

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    Falih said there was a relatively big draw of around 50 million barrels from floating storage and a drop in industrialised nations' onshore storage of 65 million barrels compared to July past year. Six out of the seven worst-performing S&P 500 stocks were oil-related, led by 4 percent declines of Hess, Transocean and Marathon Oil. The U.S. West Texas Intermediate crude August contract was at $42.36 a barrel by 3:05AM ET (0705GMT), down 17 cents, or around 0.4%.
  • US stocks close higher as tech rebounds

    US stocks close higher as tech rebounds

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    The tech heavy Nasdaq is up 84 at 6,236, while the U.S. dollar firmed after hawkish comments from Fed member William Dudley . The yield on the 10-year Treasury rose to 2.18 % from 2.15 % late Friday. The Standard & Poor's 500 index rose 20 points, or 0.8 per cent, to 2,453. UK RATES: In a speech, Mark Carney , the Bank of England governor, sought to dampen down on expectations that interest rates were heading higher after last week's policy meeting saw three-of-eight policymakers ...
  • What Boeing, Airbus Totals From The Paris Air Show Really Mean

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    SpiceJet will take delivery of its first 737 MAX in 2018. While new civilian aircraft orders will probably fall short of the $130bn the Paris show clocked up last time - mostly thanks to airlines ordering the latest fuel-efficient Boeing and Airbus aircraft - the industry is still optimistic about sustained growth.
  • Wall Street sees Fed putting balance sheet over rate hike in Sept

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    In discussing the rate hike , the committee referenced the pickup in household spending in recent months and continued improvement in investment spending. The central bank maintained its outlook of three rate hikes total for this year, as it expects that a tightening labour market will lift inflation to the 2% target over the medium term.
  • Iran oil production back around pre-sanction level: BP

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    What will influence crude prices the most Wednesday? Following the close, crude prices slipped after industry group the American Petroleum Institute said crude stocks rose by a surprising 2.8 million barrels for the week to June 9, counter to forecasts for a 2.7 million-barrel drawdown.
  • Vettel 'disgraced himself' in Azerbaijan, says Hamilton

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    When asked if he had brake-checked Vettel intentionally, Hamilton replied: "I didn't". Vettel, after all, finished 5.97 behind race victor Racciardo, with Hamilton adrift by 6.188 seconds. Championship leader Vettel felt that he had been provoked by Hamilton's slow driving behind the safety auto, and that the Briton should also have been penalised by the stewards.
  • AB De Villiers to Decide International Future in August

    AB De Villiers to Decide International Future in August

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    England limited-overs captain Eoin Morgan insisted he did the right thing for the team's "development" by dropping himself for the third Twenty20 global against South Africa in Cardiff on Sunday. My legs were shaking first ball so I got the old school leave out, then I tried to do what I do best". South Africa captain AB de Villiers gave the visitors brief hope of chasing down England with a typically bludgeoning 35 from 19 balls.
  • Mexico knock out Confed Cup hosts Russia with 2-1 win

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    However, defender Pepe will miss Portugal's semi-final after picking up his second yellow card of the tournament . New Zealand goalkeeper Stefan Marinovic, who helped Unterhaching win promotion from the German fourth division last season, kept the score down with a superb second-half display.
  • Bruno Mars kicks off BET Awards

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    The singer continued, "I feel like she hasn't performed in a minute, especially the whole group". But fear not. I am here to provide you a way to still be able to catch your favorite show, as long as you have a smartphone, computer or tablet.
  • Gov. Sandoval, Sen. Heller Discuss Senate Draft Health Care Bill

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    President Donald Trump made calls to fellow Republicans in the US Senate on Friday to mobilise support for their party's healthcare overhaul while acknowledging the legislation is on a "very, very narrow path" to passage. The Senate would phase out Obamacare's expansion of the Medicaid program for the poor more gradually than the House bill, waiting until after the 2020 presidential election, but would enact deeper cuts starting in 2025.
  • LSU, Florida advance to finals

    LSU, Florida advance to finals

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    LSU would be the home team if a Game 3 is necessary. But they'll welcome back lefthander Luke Heimlich, Jake Mulholland, Brandon Eisert, Grant Gambrell and Bryce Fehmel, among others. I also had to get the first hitter out in each inning. "The umpire was giving me about two balls off the plate and I took advantage of that". No matter how big the stage is, especially the second half of the season, the moment's never gotten to big for LSU junior Mike Papierski.
  • Another Lawmaker Says No to Trump's Healthcare Bill

    Another Lawmaker Says No to Trump's Healthcare Bill

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    That translates roughly into a 15 percent, across-the-board reduction in subsidies, according to Larry Levitt, senior vice president at the Henry J. Kaiser Family Foundation. He added that "small tweaks over the course of the next couple weeks, under the guise of making these bills easier to stomach, can not change the fundamental meanness at the core of this legislation".
  • Trump suggests changes likely on health care overhaul

    Trump suggests changes likely on health care overhaul

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    The Medicaid portion of the bill is also drawing opposition from the insurance industry, which has a growing stake in Medicaid as more states seek to privatize parts of their programs. Clinton wrote the strong words on Twitter as she retweeted a study by the Center for American Progress that said the health care bill now making its way through the Senate could lead to as many as 28,000 additional deaths in 2026.
  • Analysts react to Amazon's $13.7B deal for Whole Foods

    Analysts react to Amazon's $13.7B deal for Whole Foods

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    A year and a half ago, Mackey says he had a dream that Amazon bought Whole Foods Market , and he told his wife about it when he woke up that morning. Based on a similar premium to that applied in the Whole Foods deal, Turner suggested that a price of $55 a share for GrubHub "is well within the realm of possibility".
  • Clinton: GOP will become the 'death party' if Senate bill passes

    Clinton: GOP will become the 'death party' if Senate bill passes

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    A combination of longer life spans and spiraling health-care costs has left an estimated 64 percent of the Americans in nursing homes dependent on Medicaid . That message was at odds with Trump's Rose Garden celebration after the bill cleared the House, when he told lawmakers it was a "great plan". The Senate bill maintains much of the structure of the House's but differs in key ways.
  • Grocers facing a united Amazon-Whole Foods must adapt

    Grocers facing a united Amazon-Whole Foods must adapt

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    Amazon shocked the world last week when it announced a $13.7 billion deal to buy organic-grocer Whole Foods - a warning shot that officially put competing grocers on notice and sent their shares tumbling . Turner pointed out in the note that Amazon ( NASDAQ: AMZN ) has already tried restaurant delivery - with "minimal success" - and that Grubhub and Whole Foods likely share a similar user base in terms of geography and demographics.
  • Confederations Cup: Germany and Chile qualify from Group B

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    Any chance of an unlikely comeback from Cameroon was ended three minutes later when Werner restored Germany's two-goal lead with his second of the match. Whether or not he features in the Sochi showdown against the African champions, the 28-year-old seems certain to be called upon again should Germany reach the last four.
  • Senator Rand Paul says would consider partial repeal of Obamacare

    Senator Rand Paul says would consider partial repeal of Obamacare

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    He pulled out the Senate Republican bill. They said the measure missed delivering a GOP promise to Americans "to repeal Obamacare and lower their health care costs". "I can not support a piece of legislation that takes away insurance from tens of millions of Americans and hundreds of thousands of Nevadans", Heller said at a press conference .
  • Twitter is not having it with the Obamacare repeal hashtag #HellerVoteYes

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    Brian Sandoval, a Republican who has also assailed the House and Senate health care bills for cutting Medicaid . Menendez said the Senate's bill to repeal Obamacare could ultimately slash $30 billion in Medicaid funding in New Jersey, where more than a half-million people enrolled under Medicaid expansion could lose coverage.