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  • European Economy 2018: Soft Patch Or Lasting Slowdown? Data May Tell Sun, 17 Jun 2018 08:40:01 -0400
    BRUSSELS - Is Europe’s economy merely encountering a soft spot or entering a more lasting decline? Bank of England policymakers are likely to debate this question in the week ahead, while data from the euro zone will indicate whether European Central Bank President Mario Draghi is right to refer to current conditions simply as a “soft patch”. A cold snap from February into March, later Easter holidays than usual and strikes took their toll in the first quarter, but hard data since have not pointed to a clear rebound.
  • Stock Market This Week: Wall Street Ends High-Volume Session Lower On Trade Jitters, Dow Ends Week Down 0.9% Sun, 17 Jun 2018 08:10:02 -0400
    NEW YORK  - Wall Street stocks ended lower on Friday, capping a day of heavy trading with investors mostly pulling back from initial concerns over an escalating trade dispute between the United States and China. U.S. President Donald Trump unveiled an initial list of strategically important goods that would be subject to a 25 percent tariff effective July 6, a move China’s Commerce Ministry called “a threat to China’s economic interest and security.” China issued its own list of U.S. imports subject to tariffs, targeting soybeans, aircraft, autos and chemicals.
  • US Politics: Donald Trump's Consumer Watchdog Pick Draws Criticism From Left And Right Sun, 17 Jun 2018 07:50:01 -0400
    WASHINGTON - The White House said on Saturday that President Donald Trump will pick Kathy Kraninger, an Office of Management and Budget (OMB) official, to head the U.S. consumer watchdog, drawing criticism from consumer advocates and dividing conservatives. Kraninger will succeed her boss, the interim head of the Consumer Financial Protection Bureau (CFPB) Mick Mulvaney, if the decision is approved by the Senate.
  • Foxconn Announces North American Headquarters In Milwaukee Sun, 17 Jun 2018 07:10:02 -0400
    SHANGHAI - Taiwanese electronics manufacturer Foxconn said it would establish its North American corporate headquarters in Milwaukee following the purchase of a building in the city’s downtown area. In a statement, Foxconn said more than 500 people would work at the seven-story building in downtown Milwaukee. The announcement comes almost a year after the company disclosed plans to invest $10 billion over four years to build a 20 million-square-foot LCD panel plant in Wisconsin that could eventually employ up to 13,000 people.
  • Everything You Need To Know About Elon Musk's [Not So] Boring Company Sun, 17 Jun 2018 02:58:00 -0400
    For the past 18 months we've watched in wonder as "The Boring Company" evolved from tweet into reality. With each passing day, it's sounding more and more like Elon Musk seriously intends to build a company to bore tunnels underground to carry commuter traffic. This article originally appeared in The Motley Fool.
  • Investors Are Overlooking This Shareholder-Focused Chipmaker Sun, 17 Jun 2018 01:01:22 -0400
    Chipmakers have been a red-hot sector for what now seems like forever. In the last five years, the Philadelphia Semiconductor Index has advanced nearly 200%, versus the S&P 500's total return of 90%. Perhaps the most notable chipmaker during this period is GPU-maker NVIDIA, as its stock increased 1,800%. This article originally appeared in The Motley Fool.
  • Theranos Founder Holmes, Former President Indicted For Fraud Sat, 16 Jun 2018 14:00:09 -0400
    Theranos Inc. founder Elizabeth Holmes and the embattled blood-testing company’s former president were indicted on charges that they engaged in schemes to defraud investors, doctors and patients, the U.S. Justice Department announced on Friday. The charges against Holmes, 34, and Ramesh “Sunny” Balwani, 53, were announced shortly after the privately held company said that she was stepping down as its chief executive.
  • Apple, Qualcomm Battle Over Possible Ban On Some US iPhone Imports Sat, 16 Jun 2018 13:47:15 -0400
    The staff of the U.S. International Trade Commission on Friday recommended that a trade judge find that Apple Inc ( AAPL.O ) infringed at least one of Qualcomm Inc’s ( QCOM.O ) patents, a move that could lead to blocking the import of some iPhones.
  • US Trade Concerns: International Fund Managers Turn To Financials, Tech As Trade Worries Rise Sat, 16 Jun 2018 13:36:13 -0400
    NEW YORK  - The rising tensions over global trade policy are prompting some top-performing international fund managers to look for the companies that can emerge as winners. Fund managers from firms including AllianceBernstein, Causeway Capital Management and Janus Henderson are adding to positions in companies ranging from Italy’s largest bank to China’s largest e-commerce company, all in hopes of avoiding the fallout from a global trade war.
  • US-China Trade War: Trump Sets Tariffs On $50 Billion On Chinese Goods, Beijing Strikes Back Sat, 16 Jun 2018 13:22:36 -0400
    WASHINGTON/BEIJING - U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese imports on Friday, and the smoldering trade war between the world’s two largest economies showed signs of igniting as Beijing immediately vowed to respond in kind. Trump laid out a list of more than 800 strategically important imports from China that would be subject to a 25 percent tariff starting on July 6, including cars, the latest hardline stance on trade by a U.S. president who has already been wrangling with allies.


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