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Traders and investors began pricing in the rate hike early, with the Dow Jones Industrial Average (DJIA) declining 2,966 points (11.5 percent) since December 3. Instead, he has decided , beginning in 2019, to hold news conferences after each of the Fed's eight meetings each year, rather than only quarterly.
  • Deadly Southern Snowstorm Causes 500+ Crashes

    Deadly Southern Snowstorm Causes 500+ Crashes

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    The bulk of the outages are in North Carolina , where 244,807 customers are in the dark. The Highway Patrol already had responded to more than 670 collisions and almost 1,600 calls for services since the storm began. Cooper said at a news conference Sunday that emergency crews, including the National Guard, had worked overnight to clear traffic accidents on major interstates.
  • Minister: 'Anything could happen' if Brexit deal rejected

    Minister: 'Anything could happen' if Brexit deal rejected

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    May's draft deal has taken flak from almost all sides of the United Kingdom political spectrum, including from within her own Conservative Party . "If we will the ends, we must also will the means". She said that while many aspects of her plan enjoyed "broad support" among her colleagues, she acknowledged that the question over the Irish border continued to provoke "widespread and deep concern".
  • Full Interview: Prime Minister Theresa May

    Full Interview: Prime Minister Theresa May

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    Shadow home secretary Diane Abbot said: "On the question of security, assertions, aspirations, a wish list is not enough, we need a treaty". "In turn, that would mean the most damaging uncertainty economically". "There are questions about how decisions are taken as to whether we go into the backstop, because that isn't an automatic", May said. Many want to see the government lose on Tuesday.
  • Huawei finance chief Meng Wanzhou arrested in Canada

    Huawei finance chief Meng Wanzhou arrested in Canada

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    Chinese Foreign ministry spokesman Geng Shuang told reporters Thursday that the Chinese government also wants Canadian officials to reveal the reasoning. That means the intelligence agencies in Canada and the USA were tracking her and planning to arrest her for some time, " he said. " The company has been provided very little information regarding the charges and is not aware of any wrongdoing by Ms Meng (Wanzhou)", it said.
  • China Implementing Agreed-Upon Trade Deals With US, Official Says

    China Implementing Agreed-Upon Trade Deals With US, Official Says

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    Donald Trump and Xi Jinping met dinner in at G20 in Argentina. China is fully confident that it can reach a trade deal with the USA within the 90 days set for talks, Gao said. "China does not want Tariffs!" Beijing pledged to import more United States products to narrow its massive trade surplus with the U.S. following the Argentina talks, but it has given few details about what was agreed.
  • Canada's Alberta province orders drastic oil production cuts to fight price crisis

    Canada's Alberta province orders drastic oil production cuts to fight price crisis

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    In mid-day trading, Suncor was down 1.5 per cent while fellow Calgary-based companies that both produce and refine oil, Imperial Oil Ltd. and Husky Energy Inc ., were off 4.1 per cent and 0.8 per cent, respectively. "Between now and next winter the Western Canadian oil market is at the mercy of rail schedulers and their attempts to mobilize more locomotives, tank cars, and trained crews-an effort that has thus far proved insufficient to clear the market".
  • GM plant in Oshawa, Ont., to shut down

    GM plant in Oshawa, Ont., to shut down

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    GM said it would shut operations at plants in Detroit; Oshawa, Ontario; Warren, Ohio; White Marsh, Maryland; and Warren, Michigan. "It shows that every plant in the country has to prove its worth", BMO chief economist Doug Porter told Yahoo Finance Canada in an interview.
  • Powell Comments Suggest Fewer Rate Hikes Next Year

    Powell Comments Suggest Fewer Rate Hikes Next Year

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    In his speech, Powell noted that interest rates remain " just below " the so-called neutral range, the level that central bankers believe will neither accelerate nor halt economic growth. "All he is doing is pointing out an obvious idea". The chance of four increases, to a target range of at least 3%-3.25% by the end of 2019 implied by the Fed's dots, is given just an 8.6% probability, down from the already low 18.6% probability a month ago, according to the CME Fed Watch site .
  • G20: Morrison to meet with Donald Trump after president cancels Putin talks

    G20: Morrison to meet with Donald Trump after president cancels Putin talks

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    But he plans to use informal talks and whatever other avenues are available while in Buenos Aires to do what he can to help avoid a stampede toward protectionism. A White House official said that Trump sees a "good possibility" for a deal to defuse the trade frictions, as Washington demands greater market access and protections for intellectual property by Beijing.
  • Ohio Senators speak up in wake of GM plant closings

    Ohio Senators speak up in wake of GM plant closings

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    Trump has publicly threatened GM as he tries to follow through on campaign promises to boost American manufacturing - which he reiterated during a rally near the Lordstown facility past year. "The U.S.A.is booming!" Trump has been upset with GM, which on Monday announced plans to close four USA factories and shed up to 3,300 blue-collar jobs.
  • Broken promises adorn Trump's latest China tariff tirade

    Broken promises adorn Trump's latest China tariff tirade

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    Trump departs Thursday for the Group of 20 summit in Argentina , where the homebody commander in chief will spend just 48 hours on the ground. In addition to meeting with Xi, Trump will also meet in Buenos Aires with his Argentine counterpart, Mauricio Macri, and with the leaders of Germany, Turkey, Japan , South Korea and India.
  • Stocks markets surge on hint of slower rate hikes

    Stocks markets surge on hint of slower rate hikes

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    During the Obama administration, the federal interest rate was dropped to zero for a long period of time, but Powell began to hike the rate back toward where it was in the early 2000s. I'm not going to say it's so much Trump ー that Trump has been sending mean tweets about Chairman Powell. Besides flagging an escalation of trade tensions as a near-term risk, the Fed also listed as potential flash points the U.K.'s coming withdrawal from the European Union, Italy's budget dispute with the EU ...
  • China's Xi vows to better protect intellectual property

    China's Xi vows to better protect intellectual property

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    The United States imposed a 25 percent tariff on Chinese vehicles on top of the 2.5 percent it normally charges. China, the European Union and others have been manipulating their currencies and interest rates lower, while the U.S.is raising rates while the dollars gets stronger and stronger with each passing day - taking away our big competitive edge.
  • Embattled Bitcoin continues nose dive -- altcoins follow suit

    Embattled Bitcoin continues nose dive -- altcoins follow suit

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    Amusing how CNBC's Fast Money panel crawled out of the woodwork to talk crypto on Monday , as Bitcoin (BTC ) fell to establish new year-to-date lows. "The selloff is connected to authorities, that is nearly completely underway", explained Justin Litchfield, chief technology officer in ProChain Capital.
  • Dolce&Gabbana founders make video apology to China

    Dolce&Gabbana founders make video apology to China

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    D&G suffered another huge blow as Chinese e-commerce portals such as Taobao.com, JD.com, Alibaba's Tmall, Suning.com, Ymatou.com, VIP.com and Kaola all removed D&G products as searches on these sites produced no results, just before the Black Friday online shopping bonanza was about to begin in China.
  • Tunisia civil society protests upcoming visit of Saudi crown prince MbS

    Tunisia civil society protests upcoming visit of Saudi crown prince MbS

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    According to Al-Arabiya, they held closed-door bilateral talks. "MBS contributed to murdering somebody overseas and it is not strength to sort of mumble past that", Sasse told "Fox News Sunday", referring to the crown prince. Administration officials are set to brief US lawmakers on intelligence findings related to Khashoggi's killing on Wednesday, and senators in both parties have signaled support for sanctions against Riyadh.
  • Trump 'very disappointed' with General Motors after plant closures

    Trump 'very disappointed' with General Motors after plant closures

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    Toyota also has discussed cutting costs, even though it is building a new assembly plant in Alabama. Trump said he expected General Motors to start manufacturing another type of vehicle in OH and that it "had better" do so. "We are right-sizing capacity for the realities of the marketplace", Chief Executive Mary Barra said, adding that the cuts were prompted by auto industry changes.
  • 'You face a stark choice', Theresa May warns lawmakers over Brexit

    'You face a stark choice', Theresa May warns lawmakers over Brexit

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    After the rubber stamping, all eyes turn to British Prime Minister Theresa May to sell the deal to her recalcitrant parliamentarians over the next days and weeks - a huge task considering the intense opposition both her Conservative lawmakers and the political opposition have voiced toward the deal.
  • Bitcoin fell below $ 4,000

    Bitcoin fell below $ 4,000

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    Trade volume has increased since the slump, but only by a few billion, as global trade volume is now hovering around $18.5 billion. Following a week of pain, bitcoin hit a new low for the year at US$3,447.58 (S$4,740.85) on Sunday (Nov 25), according to CoinDesk .
  • Coli outbreak possibly linked to romaine lettuce in California, FDA official says

    Coli outbreak possibly linked to romaine lettuce in California, FDA official says

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    California has had 10 cases of the E. coli virus; other US states dealing with the outbreak include Michigan, Connecticut, Illinois, Massachusetts, Maryland, New Hampshire, New Jersey, New York, Ohio, Wisconsin. "Romaine lettuce grown in a safe environment would not have any problems". They also reported more illnesses in Canada. This time, though, the grocery stores and the suppliers are taking the hit.
  • New Range Rover Evoque: British-built electrified mini-Velar

    New Range Rover Evoque: British-built electrified mini-Velar

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    The maximum torque of 340, 360 and 400 Nm, and the maximum speeds going up to 242 km/h, while the standard consumption of between 7.7 and 8.1 litres of Super reduced. There's no mention of the manual gearbox that was offered in the first generation Evoque making a comeback in the second-gen successor. Although not scheduled for Canada at this time, some markets will see a full plug-in electric version of the crossover late in 2019.
  • European Union leaders to sign off historic Brexit deal

    European Union leaders to sign off historic Brexit deal

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    In the days before the summit, some states raised objections regarding the content of the withdrawal agreement , including over the issue of fishing rights in the UK's territorial waters post-Brexit. On Saturday, as the dispute threatened to derail the summit, London issued a statement saying Number 10 would not use the withdrawal agreement as cover to cut short its dialogue with Spain.
  • Brexit Talks: May: Agreement on future relations right for UK

    Brexit Talks: May: Agreement on future relations right for UK

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    The DUP and other Brexiteers need to consider the "catastrophic" consequences for Northern Ireland's economy of leaving the European Union without a deal, a business leader has said. After the draft declaration was agreed on Thursday, Spanish Prime Minister Pedro Sanchez repeated a threat to sink the deal if Madrid's concerns on Gibraltar were not met.
  • Restaurants and grocery stores across Chicago pull romaine lettuce amid CDC alert

    Restaurants and grocery stores across Chicago pull romaine lettuce amid CDC alert

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    FDA to determine the source of the romaine lettuce that ill individuals were exposed to. A unsafe E.coli outbreak has already sickened 32 people across 11 states, with almost half requiring hospitalization. "Most of the romaine lettuce being harvested right now is coming from the California region, although there's some lettuce coming in from Mexico". The Centers for Disease Control and Prevention has confirmed a total of five deaths in the last E.
  • Spain threatens Brexit deal over Gibraltar

    Spain threatens Brexit deal over Gibraltar

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    On Monday evening, the DUP voted in favour of a Labour amendment to the Budget, and abstained on other votes throughout the week. With just over four months before Britain's departure, May was meeting European Commission President Jean-Claude Juncker to try to finalise an outline of future relations before a summit of EU leaders on Sunday to endorse the Brexit accord.
  • Nissan Chairman Carlos Ghosn arrested for under-reporting income

    Nissan Chairman Carlos Ghosn arrested for under-reporting income

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    Nissan did not comment on the scope of the alleged misdealing, but other Japanese news agencies reported that Ghosn underreported his income by $44.3 million (5 billion yen) over five years . He also led the French carmaker through massive job cuts and a costly, contentious bailout amid the world financial meltdown a decade ago and what he called a "crisis of massive proportions" for the auto industry.
  • Bitcoin drops below $5,000, hitting the lowest level in over a year

    Bitcoin drops below $5,000, hitting the lowest level in over a year

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    Some criticized the forecast as being overly bullish, while others emphasized the difficulty of accurately forecasting what a digital currency's price will be five years from now. The official message board for Bitcoin Cash is bitcointalk.org. The official website for Bitcoin Cash ABC [IOU ] is www.bitcoinabc.org . The figure also assumes that everyone renting hash is actually finding blocks, or that most or all of the hash being used to win blocks in either chain, at present, is rented.
  • United Kingdom leadership challenge: How does it work?

    United Kingdom leadership challenge: How does it work?

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    Rees-Mogg called for May to be replaced by a more firmly pro-Brexit politician, naming ex-Foreign Secretary Boris Johnson, former Brexit Secretary David Davis and Raab as potential successors. Jeremy Corbyn went public with the party's hardened position on Thursday morning, when he spoke in the Commons after May: "After two years of bungled negotiations, the government has produced a botched deal that breaches the prime minister's own red lines and does not meet our six tests ".
  • Oil jumps toward $67 as OPEC, partners discuss supply cut

    Oil jumps toward $67 as OPEC, partners discuss supply cut

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    Brent is below $70 a barrel, while USA crude sits below $60 as the sell-off continues. Oil prices have now fallen for 12 consecutive trading sessions. According to him, the United States imposed the sanction on Iran with some measures of flexibility by granting waivers to countries that buy crude from Iran.
  • Oil prices rise as Saudi announces supply cut

    Oil prices rise as Saudi announces supply cut

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    The sanctions lifted supply concerns and concerns over economic slowdown, which may curb fuel demand. Oil slumped into a bear market last week, as fears of a supply glut deepened on US waivers for some buyers of Iranian oil, as well as rising inventories and record production in America.
  • Democratic House takeover jeopardizes 'Muslim ban'

    Democratic House takeover jeopardizes 'Muslim ban'

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    The outcome positions President Trump to win reelection in 2020 while carrying both houses of Congress into a second term. Trump wrote Wednesday on Twitter . So far, the administration has ignored their questions. Even Richard Neal, from MA, a senior Democrat on the Ways and Means Committee, who intends to push for Mr Trump's tax returns, said that launching investigations "cannot be the sole goal of this election".
  • Samsung presentó su nueva tecnología de pantalla flexible e irrompible

    Samsung presentó su nueva tecnología de pantalla flexible e irrompible

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    Este paso se ha dado y, en su conferencia anual de desarrolladores, la marca coreana presentó el Infinity Flex Display , la pantalla que será la base de tu smartphone con pantalla plegable . En este punto una animación de Google reveló que existen dos modelos: un dispositivo equipado con una sola pantalla táctil que, al ser plegada, queda dividida y se puede utilizar como si fuera un smartphone .
  • The midterms show Trump might not get re-elected in 2020

    The midterms show Trump might not get re-elected in 2020

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    The US President who headlined an unprecedented 50 rallies - 30 in the last two months alone - and has campaigned for dozens of candidates at all levels of government, according to White House Press Secretary Sarah Sanders, watched the results come in with friends and family in the White House residence.
  • Marijuana expands into three more states

    Marijuana expands into three more states

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    Utah voters also chose to legalize medical use of marijuana for people with qualifying illnesses, with about 56 per cent in favour and almost half of the state's polls reporting. Each legalized growing, manufacturing, selling and consuming marijuana and marijuana products for medicinal use. As I wrote yesterday , four states had cannabis-related measures on the ballot-two with medical programs ( Missouri and Utah ), and two with adult-use recreational ( Michigan and North Dakota ).
  • Lara Trump: Vote Red to Keep President's Success Going

    Lara Trump: Vote Red to Keep President's Success Going

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    By Election Day, both sides are expected to have spent more than $5 billion, according to the Center for Responsive Politics. Max Rose is running for Congress. Jai Gillum, and children Caroline and Jackson as he votes, November 6, 2018, in Tallahassee, Fla. She was expected to lose to political newcomer Jennifer Wexton.
  • Elections 2018: What Happens If Republicans Lose The House?

    Elections 2018: What Happens If Republicans Lose The House?

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    Sherrod Brown is easily expected to win re-election even in a state Trump carried two years ago, but the open governor's race is a much tighter contest. In other words, the GOP could actually expand their control over the Senate by quite a bit. The final polls varied , but they were generally good for Democrats.