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Bitcoin crashes to 6-week low as regulator crackdown escalates

Bitcoin crashes to 6-week low as...

The price of top digital currency bitcoin dipped below $12,000 on Tuesday for the first time since...

Harriet Tubman To Replace Andrew Jackson On $20 Bill

Harriet Tubman To Replace Andrew Jackson...

Women’s suffrage leaders will also be featured on the back of a new $10 bill.

Stan Druckenmiller: The Fed has no end game, and 'the chickens are now coming home to roost'

Stan Druckenmiller: The Fed has no end...

Legendary hedge fund manager Stanley Druckenmiller, who runs Duquesne Capital, says that “the bull...

Saudi Arabia unveils plan to wean economy off oil

Saudi Arabia unveils plan to wean...

Riyadh has approved a long-term economic blueprint to transform the kingdom’s economy aimed at...

Global markets show some signs of life after Brexit doldrums

Global markets show some signs of life...

Britain's FTSE 100 rose 2.2% in early trading

It’s almost ridiculous how much T-Mobile is beating its rivals

It’s almost ridiculous how much T-Mobile...

It can't be said enough: T-Mobile under CEO John Legere really has shaken up the wireless industry...

How Amazon became a serious competitor...

For five years, Amazon has danced around Netflix in the online video ring. Now it's going in for a...

Brexit wounds: Stocks bloodied after U.K. shock

Brexit wounds: Stocks bloodied after...

S&P 500 wipes out gains for the year on Britain's unexpected vote to depart the European Union

Ikea recalls Malm drawers in North America after child deaths

Ikea recalls Malm drawers in North...

Ikea is to recall 27 million Malm chests of drawers in North America after the deaths of three...

Business

Connecticut-based Purdue Pharma is facing a wave of civil lawsuits as New York, Texas and five other states have joined a growing number actions against the company. Photograph: Douglas Healey/AP

Rudy Giuliani won deal for OxyContin maker to continue sales of drug behind opioid deaths

  •   22/05/2018 03:37:00 PM
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The US government secured a criminal conviction against Purdue Pharma in the mid-2000s but failed to curb sales of the drug after Giuliani reached a deal to avoid a bar on Purdue doing business
 

Why some retailers are winning and some are losing

Why some retailers are winning and some are losing

  •   20/05/2018 01:32:00 PM
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Nordstrom is the latest big American retailer to report sluggish sales growth.

GETTY IMAGES / China's exports to the US far outweigh what it imports

US and China halt imposing import tariffs

  •   20/05/2018 01:13:00 PM
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China and the US say they will halt imposing punitive import tariffs, putting a possible trade war "on hold".

© Damir Sagolj / Reuters

China to buy more US goods - outcome of talks amid trade tensions

  •   19/05/2018 03:07:00 PM
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China will purchase more American goods and services in order to reduce the US trade deficit, the two nations, which are on the brink of a trade war, agreed during high-level consultations in Washington. 

US President Donald Trump says he is working with Chinese President Xi Jinping on trade. Picture: AFPSource:AFP

Donald Trump is working with Xi Jinping to save Chinese jobs

  •   13/05/2018 07:05:00 PM
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AFTER sparking fears of a global trade war with China, Donald Trump has announced a surprising new deal with Xi Jinping.

Trader Michael Capolino shouts out a bid on the floor of the New York Stock Exchange

Unemployment drops to 3.9%, lowest in 17 years

  •   04/05/2018 09:45:00 AM
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The unemployment rate hit 3.9% in April, breaking below 4 percent for the first time since December 2000. 

Pool/Getty Images

Trump will delay the start of possible trade war with some of the US's closest allies

  •   01/05/2018 07:48:00 AM
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The exemptions will now last until June 1, a move that gives the US and the exempted nations more time to work out deals to help reduce trade imbalances.

T-Mobile and Sprint announce $26B merger, plan powerful nationwide 5G network

T-Mobile and Sprint announce $26B merger, plan powerful nationwide 5G network

  •   29/04/2018 05:05:00 PM
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T-Mobile and Sprint officially confirmed today that they will be joining forces to become a single carrier, according to a press release from the new combined company. If the deal passes regulatory approval, this means that there will be three major carriers in the United States, compared to the current four.

Greg Roumeliotis, Reuters

It looks like T-Mobile and Sprint are inching closer to finalizing terms in multibillion-dollar merge

  •   28/04/2018 08:19:00 AM
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US wireless carriers T-Mobile and Sprint are finalizing terms as they seek to sign a merger by Monday that could value Sprint at around $26 billion.
The combined company, with more than 127 million customers, would have added clout to challenge industry leaders Verizon and AT&T.
Among other things, the telecom giants are in a race to expand offerings in next-generation 5G wireless technology.

Amazon

Amazon’s AWS and advertising businesses are fueling its retail dominance

  •   27/04/2018 06:50:00 AM
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High growth plus big margins equals trouble for all other retailers.

Kurt Wagner / Recode

Amazon is raising the price of Prime to $119

  •   26/04/2018 10:02:00 PM
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Amazon (AMZN) is raising the price of Amazon Prime from $99 to $119 per year.

Ford today announced it will phase out most cars it sells in North America.

Ford to stop selling every car in North America but the Mustang and Focus Active

  •   25/04/2018 10:48:00 PM
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With this big hybrid push on the SUV side, Ford expects to go from second to first-place in the U.S. hybrid vehicles market by sales, surpassing current leader Toyota by 2021, thanks also to the forthcoming hybrid Mustang and F-150.

© Leonhard Foeger / Reuters

Iran dumps dollar for euro in foreign trade transactions

  •   23/04/2018 12:40:00 PM
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As part of its years-long effort to reduce reliance on US currency amid a deepening standoff with Washington, Tehran has announced it will start reporting foreign currency amounts in euros rather than dollars.

© Toru Hanai / Reuters

iPhone X is dead as consumers turn their backs on pricey smartphones – analyst

  •   22/04/2018 08:29:00 PM
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Apple is likely to stop producing iPhone X smartphones, according to Mirabaud analyst Neil Campling. The oversupply of chips and high prices are the reason, he says.

Verizon and AT&T face accusations that they colluded with a group that sets mobile industry standards to try to restrict a new technology, currently in relatively few devices, that allows consumers to easily switch carriers. / Credit Jeenah Moo

U.S. Investigating AT&T and Verizon Over Wireless Collusion Claim

  •   20/04/2018 08:34:00 PM
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An AT&T spokesman said the company was “aware of the investigation,” had provided information to the government for it and was working “to move this issue forward.”

Wells Fargo fined $1 billion for insurance and mortgage abuses

Wells Fargo fined $1 billion for insurance and mortgage abuses

  •   20/04/2018 10:28:00 AM
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Two federal regulators are fining Wells Fargo $1 billion for forcing customers into car insurance and charging mortgage borrowers unfair fees.

Demonstrators occupy the Starbucks that has become the centre of protests in Philadelphia. The company plans to close more than 8,000 U.S. stores in May for racial bias training for its staff. (Jacqueline Larma/Associated Press)

Starbucks to shut 8,000 U.S. outlets for bias training after protests

  •   17/04/2018 03:35:00 PM
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Arrests of 2 black men in Philadelphia outlet leads to protests, social media backlash

US-China trade: 24 hours that escalated the fight

US-China trade: 24 hours that escalated the fight

  •   17/04/2018 09:49:00 AM
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After a brief lull in the skirmishing, the trade battle between the United States and China is escalating once again.

U S  Navy ap1

US image at risk in Middle East after Syria bombings

  •   15/04/2018 03:45:00 PM
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The former U.S. ambassador to Syria weighs in on Friday's strikes.

The 55-year anchor says he is healthier than ever before after changing his lifestyle due to his Type 2 diabetes diagnosis.

ESPN streaming service launches as Disney faces subscriber losses

  •   11/04/2018 10:30:00 PM
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Disney shares are down more than 5% since the company provided pricing information and other details on ESPN+ in early February.

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