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New Jersey woman on oxygen dies after electric company cuts off power

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The family of Linda Daniels , 68, acknowledge they were behind payments on the PSE&G power bill. When the power went out, so did her electricity-powered oxygen tank, which she needed to be able to breathe. Daniels' family, however, disputes her payments were behind to the point necessitating a shutdown. "There was no warning, no notice", he said. The family previously told PSE&G about Daniels' medical issues in writing, they said. Read More »

USA crude rises 1.2%, posts weekly loss on supply concerns

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U.S. West Texas Intermediate (WTI) crude futures were down 14 cents, or 0.2 percent, at $72.80. USA oil price went up on Friday after dropping almost 2 percent in the previous session. "The Korean government is negotiating with the United States to get exemptions from the restrictions on Iranian oil purchases", it said. Energy consultancy FGE this week issued a stark warning of looming supply shortages due to US sanctions against Iran , and because of disruptions elsewhere. Read More »

Ethiopia, Eritrea sign statement that war ‘has come to an end’

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Ethiopia's refusal to implement the demarcation deadlocked relations between the two even after the end of a 1998-2000 boundary war that cost 80,000 lives. Once a province of Ethiopia that comprised its entire coastline on the Red Sea, Eritrea voted to leave in 1993 after a decades-long, bloody independence struggle. Read More »

Erdogan names son-in-law as finance minister in new Turkey cabinet

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The lira TRYTOM=D3 , which has lost almost a fifth of its value against the dollar this year, dropped almost 3 percent to 4.74 to the USA currency after the cabinet announcement. "Most powers will be concentrated in his hands, there will no longer be a prime minister, and nearly none of the checks and balances of liberal democracies will be present". Read More »

Another strong jobs report. Here's why unemployment jumped

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May's job gains were also revised up to 244,000 from 223,000, and job gains have now averaged 211,000 per month over the last three months. Despite the added jobs, the unemployment rate rose to 4.0% from 3.8% as more people began looking for work and not all of them found it. Read More »

How major U.S. stock indexes fared Friday

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Friday's gains on Wall Street followed two weeks of losses as trade tensions between the world's two largest economies mounted. While China accused Washington of triggering the "largest-scale trade war", USA stock indexes rose. Investors have pulled money out of emerging markets and European equities more quickly over the last two months than in 2016, Bank of America Merrill Lynch strategists said on Friday in a weekly note. Read More »

Britain's Gove says Brexit plan is a realistic compromise

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The UK would have "the freedom to strike new trade deals around the world" - something Mrs May will stress in the face of claims by critics that the plan for alignment with Brussels on goods will curtail the ability to reach agreement with countries such as the US. Read More »

Trump accuses OPEC of doing little to bring down high oil prices

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The US president says King Salman agreed, although that claim remains unconfirmed by Riyadh. In April, Iran's oil minister Bijan Zangeneh said that $60 a barrel is a good price for oil. Trump tweeted Wednesday pointing fingers at "the OPEC Monopoly" for "driving prices higher". Trump said Sunday that OPEC should put another 2 million barrels on the market to make up for the coming shortfall in Iranian crude sales due to sanctions. Read More »

How the higher unemployment rate is actually a good sign

Even so, a steady pace of hiring and gradually rising wages, along with lower taxes, are helping underpin consumer spending and propelling a rebound in USA growth. The bottom line is that the buoyancy in June's USA labor market statistics will reaffirm the Federal Reserve's view that the economy is doing super-well at present and that further interest rate hikes will be justified. Read More »

Mark Zuckerberg tops Buffett to become world's third-richest man

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Buffett, the chairman and CEO of Berkshire Hathaway (BRK.A), and once the world's richest person, is now No. 4, at $81.2 billion. The world's largest social media network is facing scrutiny in Europe and the United States about allegations that London-based political consultancy Cambridge Analytica improperly accessed user information to build profiles on American voters that were later used to help elect US President Donald Trump in 2016. Read More »

BP in lead to acquire BHP’s U.S. onshore shale assets

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The stock has Return on Assets (ROA) of 4 percent. Going move backward a period of six month analysis we come to know that stock soared 5.33% giving rising alert for Investors. The company now has an average rating of "Buy" and an average target price of $44.00. Many value investors look for stocks that are at or near their 52 week low, but this metric alone does not indicate whether a stock is under-valued. Read More »

Pipeline protesters still dangling from Ironworkers Memorial Bridge

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It's not clear at this time how police will get the protesters off the bridge. Later, they wrote that they were in the process of removing them, but that the work was "tedious and slow". Earlier in the day, a spokesperson for Trans Mountain confirmed that the tanker Serene Sea had finished loading and departed the Westridge Terminal in Burnaby after "waiting for suitable conditions". Read More »

New executives named at ZTE to comply with United States request

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The new management appointments come after ZTE last week elected a new board led by 54-year-old Li Zixue as chairman to replace a 14-person board led by Yin Yimin. The Chinese company also agreed to pay a steep fine for violating sanctions on exports to Iran and North Korea, then lying about it. As part of the settlement, ZTE agreed to pay a $1 billion fine, put $400 million in escrow, and hire a USA -appointed compliance monitor. Read More »

Philadelphia Starbucks Fires Employee For Allegedly Mocking Customer’s Stutter

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A customer named Sam , who did not wish to disclose his full identity to the public, claimed the hurtful incident happened last Wednesday at the coffee chain shop located at 3401 Walnut Street. "Getting this kind of treatment from people, especially service employees, only scars them-and I beg Starbucks to have this in mind". - A Philadelphia Starbucks is in hot water after a customer says he was mocked by an employee due to a speech impediment. Read More »

Bank of England chief raises expectations of August rate rise

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The Bank of England governor, an Everton fan, even joked that he would start wearing a waistcoat like the England coach Gareth Southgate in solidarity with his adopted home. He says this has been strengthened by a number of household spending and sentiment indicators which "have bounced back strongly from what increasingly appears to have been erratic weakness in Q1". Read More »

Micron Barred from Selling Certain Memory Chips in China

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The Fuzhou Intermediate People's Court , located in southern China's Fujian Province, issued a preliminary sales injunction against Micron , the world's largest manufacturer of memory chips, claiming that the company violated patents held by Taiwanese chip manufacturer, United Microelectronics ( UMC ). Read More »

China and Russian Federation hit back at Trump tariffs

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The US president said America might target Chinese goods worth $500bn - the total value of Chinese imports in 2017. Although the economy is strong right now , businesses and investors are growing more anxious about President Trump's trade crackdown. Read More »

China warns United States is 'opening fire' on global economy with tariff threats

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Trump for President, Inc., the President's 2020 reelection campaign committee, has proudly produced and manufactured all of our merchandise right here in America from day one.' the statement read. A Chinese foreign ministry spokesman said China is prepared to take action against the US if President Trump releases a proposed list of tariffs on Chinese goods this coming Friday. Read More »

How Trump's trade war could affect Florida

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What tariffs are now in effect? China is expected to match the move with a 25 percent levy on United States goods to the same value on the same day. Trump's minions were not impressed either with New Delhi's projections that it would be buying billions worth of American airplanes, energy, and armaments in the coming decade, which would cumulatively wipe out the current $ 23 billion trade deficit. Read More »

Are gasoline prices in the United States really too high?

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On Wednesday, he accused the Organization of the Petroleum Exporting Countries of driving up fuel prices. This must be a two way street. Oil was trading at over $78 per barrel of the Brent benchmark on Thursday, while US West Texas Intermediate was trading at $74.55. Read More »

Canada presses US to resume NAFTA renegotiation talks

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But that effort has stalled, and Trump said on Sunday that he didn't expect a deal that he could support until after the U.S. midterm elections in November. "Protective measures would undermine USA growth, negatively impact job creation, and not improve the trade balance", European Union leaders wrote in the 11-page document, adding that auto tariffs would "damage further the reputation of the United States". Read More »

US tariffs take effect, China warns of 'counterattack'

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Chinese stocks have taken a beating in recent weeks, entering a bear market , as concerns about the trade-war have mingled with worries about how an ongoing debt-control campaign will feed through into the outlook for economic growth. US Defense Secretary Jim Mattis labeled China a "strategic competitor using predatory economics" in January as he unveiled the Pentagon's National Defense Strategy. Read More »

China trade war likely to hit Europe

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With Mr Trump threatening to deploy the national-security argument to introduce U.S. tariffs on cars and auto parts, the bloc has also vowed a firm stance on any USA automotive duties. as imports from China, also accounts for the trade deficit figures the Trump administration cites, something it refuses to acknowledge. The Trump administration will start imposing tariffs on $34 billion in Chinese imports. Read More »

EU Warns US Imposing Car Import Taxes Could Backfire

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Canada's retaliatory tariffs took effect Sunday against American products including Florida orange juice, ketchup and Kentucky bourbon. The Caixin/Markit Manufacturing Purchasing Managers' Index fell slightly in June in China to 51 as new export orders dropped for the third month in a row. Read More »

Mexico's AMLO Calls Trump 'Erratic and Arrogant'

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This worries some Mexicans, who see Lopez Obrador as unpredictable, prone to outbursts of emotion and quick to change his mind on issues. He was the seventh journalist killed in Mexico this year. "We are going to extend our frank hand to seek a relation of friendship, I repeat, of cooperation with the United States". Lopez Obrador, 64, confirmed that he won't budge on his decision to forgo secret service protection. Read More »

Ryanair Irish pilots vote to strike for the first time

A 24-hour strike is planned for Thursday 12 July. Ryanair (RYA.I) cabin crew are to hold coordinated strikes in four European countries, a union official said on Wednesday, escalating industrial action at Europe's largest low-priced carrier which dismissed their demands as "pointless". Read More »

HNA group: China conglomerate boss Wang Jian dies in Provence

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Wang was in charge of HNA's strategy and ran day-to-day operations, sources familiar with the matter have said, while his fellow chairman and co-founder Chen Feng was often the public face of the group. As co-founders, he and Chen transformed a regional airline based in China's tropical island province of Hainan into a conglomerate with US$230 billion in assets. Read More »

Trump Asks Saudi Arabia to Increase Oil Production

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Saudi Arabia regulates its oil production in agreement with other members of the Organization of Petroleum Exporting Countries. Still, according to market analyst Naeem Aslam, Iran only needs to convince major buyer China to stay onside in order to keep its oil flow going: "If there is one thing on which many can agree on is this that China hasn't adopted its aggressive stance yet, it has many other high yielding option if the Trump administration continues to pressure China". Read More »

Trump Asks Saudi Arabia to Increase Oil Production

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Saudi Arabia regulates its oil production in agreement with other members of the Organization of Petroleum Exporting Countries. Still, according to market analyst Naeem Aslam, Iran only needs to convince major buyer China to stay onside in order to keep its oil flow going: "If there is one thing on which many can agree on is this that China hasn't adopted its aggressive stance yet, it has many other high yielding option if the Trump administration continues to pressure China". Read More »

Merkel coalition's fate hangs in balance after threat

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For the last several weeks German Chancellor, Angela Merkel , has been under severe pressure to change her country's policy on migration. The last-minute compromise capped an unprecedented challenge to Ms. Merkel and Seehofer met on Monday in the office of Bundestag president Wolfgang Schäuble, with Schäuble mediating in the dispute and came to a compromise for the management of migrants coming to Germany and Seehofer said he would stay in his ministerial post. Read More »

The Golden State Warriors Have Broken the National Basketball Association

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The banner was installed prior to the Cavs' home opener in October 2014 after James returned for a second time with the team. But when a player of James' caliber joins a new team, there is a general understanding, even expectation that other quality players will flock to that player and try to put together a contender (often at a discounted rate). Read More »

Iran announces plan to circumvent U.S. oil sanctions

Jahangiri greeted Trump's comments with derision, saying: "They're begging the Saudis to raise their output so that if Iran's quota decreases nothing will happen to the markets". Russian Federation and Saudi Arabia will face "dire consequences" if they increase their oil production, the head of the state energy firm said. The president also had tough words for other United States allies. Read More »

Walmart's impeach Trump clothing draws social media outrage

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However, MAGA merchandise is still available. Many users on Twitter voiced their outrage and encouraged the #boycottwalmart hashtag. America's favorite discount store, Walmart, landed in the middle of politically-fueled boycotts Monday when the company began selling Impeach 45 t-shirts . Read More »

Canada Hits US With $12.6 Billion In Retaliatory Tariffs

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Karl Littler with the Retail Council of Canada says you might see a bit of difference when it comes to your food bill. "I want to make it more fair". trade dispute. Some of the countries have already retaliated and filed legal challenges with the World Trade Organizaion. During this conversation, they "reaffirmed the close friendship" and agreed to continue working toward a mutually beneficial outcome on the trade agreement, a read out of the conversation from the Prime Minister's Office ... Read More »

How will the new tariffs affect your grocery bill?

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Canada, a member of the North American Free Trade Agreement ( NAFTA ) with the United States and Mexico, on July 1 imposed retaliatory measures on C$16.6 billion ($12.63 billion) of American goods, including coffee, ketchup and whiskey. " We've been very nice to Canada for many years, and they've taken advantage of that ", Sanders said. "We share common goals, strong people-to-people ties, and a mutually beneficial trading relationship that is the envy of the world - reflected in our joint ... Read More »

Mexico elections underway amid disgust with corruption, violence

Voters decided in their millions to turn their backs on the two parties which have ruled Mexico for nearly 100 years, and finally give him a chance - sending his supporters into a frenzy. "I am concerned that some candidates are making proposals that are impossible, because they're very expensive to carry out", said Juan Carlos Limas, 26, who lined up at a Mexico City precinct to vote for Ricardo Anaya, who is running second in polls for a right-left coalition. Read More »

Iran calls on OPEC to remind members to adhere to production quota

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Riyadh does not "like" raising its oil production not at least beyond 11,000 barrels per day (bpd), says a Saudi official. Crude prices have risen 12% in the last two weeks as the U.S. Trump applauded the decision to increase supply, writing on Twitter that OPEC needs to "keep the prices down". In fact, oil prices responded to the agreement by increasing rather than going down. Read More »

Largest U.S. business group attacks Trump on tariffs

According to the Reuters news agency, the US Chamber of Commerce declared that his efforts to counter trade imbalances would prove counterproductive as they would damage the spending power of businesses and consumers alike. The EU said in its submission that EU companies make around 2.9 million cars in the USA, which supports 120,000 jobs, or 420,000 jobs if vehicle dealerships and auto part retailers are included. Read More »

Dell is becoming a public company again after 5 years

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VMware said it would remain an independent, publicly listed software company, with "improved alignment between Dell's economic and ownership interests" in VMware. Dell's strategy is beginning to pay off, as companies look to one-stop shops to help them manage their IT infrastructure on the cloud. Dell in its early years focused on commercial clients, but that changed in the late 1990s when it garnered a huge following among techies who desired more options in customizing PCs. Read More »

Bookies Slash Odds on Lakers to Win Title With LeBron

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They are 5/4 best price to win their third consecutive title and their sixth in the last seven years. The sunny climes of California also hold much allure for James' high school sweetheart, business owner and interior designer Brinson, who according to one Bleacher Report story, has voiced her desire to live in L.A. Read More »

USA wants to reduce Iran's oil revenue to zero

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This time around India could be forced to cut Iranian imports in order to protect its exposure to the USA financial system. On Monday, Hook expressed confidence that the USA sanctions policy would not prompt mass shortages, but analysts have expressed doubt that Saudi Arabia can increase production by as much as Trump described. Read More »

The Chinese yuan has crashed to its lowest point this year

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TECH DOWNTURN: Eyes will be on US technology stocks, which had tumbled Monday on reports that the Trump administration plans to limit exports of some high-tech products to China, and also limit investment in technology firms by companies with substantial Chinese ownership. Read More »

Tesla made 5,031 Model 3s in a week

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Its stock is up 40% in the past three months. Elon Musk has called carmaking "hell", but over the weekend the CEO-whose team managed to outstrip several outside production forecasts-was cheering too: "I think we just became a real auto company", he wrote in a weekend email to employees reported by CNBC . Read More »

‘Miraculous’: Cruise ship rescues crew member who went overboard near Cuba

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Coast Guard officials said the crew member was seen going overboard on the Norwegian Getaway , Saturday morning, about 28 miles northwest of Pinar del Rio, Cuba. Norwegian Getaway is now based out of Port Miami . We posted about this earlier on Cruise Hive and we weren't expecting a good outcome which unfortunately happens when it comes to a cruise ship overboard. Read More »

Canada announces billions of dollars in tariffs against US

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The annual conference presents Canadian politicians and business leaders with an opportunity to engage with their US counterparts - particularly those who share the same opinion on the tariffs, and understand that the Canadian and USA economies are intrinsically linked, Bilous said. Read More »

Saudis not capable of raising oil output by 2mbpd

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It would also likely aggravate other OPEC members, such as Iran and Venezuela, which initially sought to prevent any increase as OPEC, along with allies led by Russian Federation, headed into their Vienna meetings earlier this month. The higher gas prices are a serious GOP concern as the midterm elections approach. Oil analysts said OPEC producers may not be able to fully supply the market if Iranian oil is cut from the market. Read More »

Thyssenkrupp, Tata Steel merging Europe steel operations

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According to the filing, the formal execution of the definitive agreements is expected shortly. The merged entity will have capacity to produce 21 million tons of steel a year, making it the second largest steelmaker in Europe after ArcelorMittal . Read More »

Chevrolet Volt cuts charging times nearly in half

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GM's continuing evolution of the pedestrian alert system, first deployed in 2011, now using front and rear speakers to provide audible alerts when operating at slow speeds. Wireless charging pad for compatible phones is relocated ahead of the shifter for easier use (available with navigation radio). The 2019 Chevrolet Volt has been given a number of updates for the new model year, and they're pretty much all under the skin. Read More »