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White House defends Trump's Fed choices

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A leading economics advisor to President Donald Trump claims the administration isn't trying to damage the freedom of the Federal Reserve by appointing two of the close political allies of Trump into the Fed board. Besides being a very successful entrepreneurial businessman, he was a board member of the Kansas City Federal Reserve and actually was the chairman of the board of the Kansas City Federal Reserve. Read More »

International Monetary Fund warns of global economic downturn

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Despite the lowered forecast for 2019, the International Monetary Fund expects the global economy to pick up in the second half of this year, thanks to more growth-friendly policies from central banks. The IMF is holding its spring meeting in Washington this week, with the world's finance ministers and central bankers preparing to attend. For the United States , IMF economists downgraded their growth forecast for this year to 2.3 per cent from 2.9 per cent in 2018. Read More »

Wynn terminates negotiations to take over Australia's Crown Resorts

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Crown has endured a turbulent three-year period in which it retreated from its expansion plans in Las Vegas and Macau , while 19 of its staff were arrested and jailed in 2017 for promoting gambling in China. The company has since closed nearly all its regional marketing offices in Asia, which funneled big-stakes players to Australia, and sold out of a Macau casino venture. Read More »

Boeing to cut production rate of its 737 Max jets this week

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The No.1 USA carrier had on March 24 said it had canceled flights through April 24, citing grounding of 737 MAX aircraft . The airline has two dozen 737 Max jets in its fleet. Boeing is expected to submit the software update to the FAA in the coming weeks. Another research proved that the Ethiopian airlines faced the fatal crash because a sensor erroneously triggered the anti- stall system; this system is named as the Maneuvering Characteristics Augmentation System (in short, MCAS). Read More »

When is the Best, Worst Time to Buy Gasoline?

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However, Wednesday is the most expensive day of the week to fill up in NY. Prices on average were slightly lower in the North and South counties, primarily sticking in the $3.50 to $3.90 range, with a few exceptions. "Finally consumers have reason to be motivated about Monday since it offers the biggest savings on gasoline and little wait, if any, to fill up", said Patrick DeHaan , head of petroleum, analysis at GasBuddy . Read More »

United Kingdom set to lose European commissioner role over Brexit delay

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Amid the uncertainties of what might happen in Brussels today, the only certainty is that the Brexit journey has a long way to run. But Conservative former minister Tim Loughton, also speaking in yesterday's debate, appealed to French president Emmanuel Macron and German chancellor Angela Merkel to turn the request down. Read More »

Ashley's Sports Direct drops plan to buy Debenhams

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The decision has wiped out shareholders, including Newcastle United FC owner Mr Ashley . The company will now look to sell its assets as a growing concern, while continuing to trade. The administration comes after a battle between Mr Ashley and the Debenhams board over the future of the 240-year-old company. With tensions increasing between the two sides, Ashley even demanded that Debenhams board members take lie detector tests. Read More »

FCA to pay Tesla for help in avoiding European emissions violations

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By 2021, manufacturers need to achieve an average fleet emissions figure of 95g/km or face a fine of 95 Euros multipled by their total volume for every gramme over target. The exact amount of the payment has not been revealed, but is is hundreds said to be hundreds of millions. "FCA is committed to reducing the emissions of all our products". Read More »

World's richest man agrees to $35 billion divorce deal

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Bezos is retaining 75 percent of the former couple's Amazon shares, which is about 12 percent of the company, while MacKenzie is keeping roughly 4 percent, according to The New York Times . " MacKenzie most of all". "And I'm very much looking forward to our new relationship as friends and co-parents". "In all our work together, MacKenzie's abilities have been on full display". Read More »

Job market surges with payroll gain of 196,000

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In 2018, employment percentage in the United States reached 223,000 per month. After revisions, job gains have averaged 180,000 per month over the last 3 months. Employment in construction showed little change in March (+16,000) but has increased by 246,000 over the past 12 months. The professional and technical services sector grew by 34,000 jobs last month, adding more than 311,000 in the last 12 months. Read More »

Ford unveils all new Kuga SUV

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The smallest looks to be the most interesting. Ford calls the proportions more "premium". The surfaces are both more sculpted and more simplified, and the designers say it creates a more energetic appearance than before. The new Kuga engine line-up is very comprehensive. Of the four propulsion options, there will not only be a regular hybrid , but a plug-in hybrid as well. Read More »

Theresa May to hold Brexit crisis talks with Jeremy Corbyn

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A hard core of pro-Brexit legislators in May's Conservative Party dismiss this as "Project Fear" and argue for what they call a "clean Brexit". Professor Matthew Goodwin from the University of Kent at Canterbury told The Telegraph , "These data show significant levels of support for leaving the European Union without a deal, but especially outside of London and also Scotland". Read More »

UK's Theresa May concedes Brexit deal won't pass 'in near future'

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The letter said: " Theresa May has been clear that the legally binding part of the Brexit deal, the Withdrawal Agreement, can not be renegotiated". Eighty Labour MPs wrote to Jeremy Corbyn on Saturday urging him to secure a guarantee of a second referendum in any Brexit deal he reaches with May. Read More »

Corona, Modelo beers drive Constellation beat, wines leave a stain

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The New York-based alcohol producer brought in earnings of $1.84 per share on revenue of $1.79 billion for the quarter, compared to Street expectations of $1.72 EPS on revenue of $1.73 billion. In August 2018, Constellation Brands invested $3.8 billion in Canadian cannabis firm Canopy Growth Corporation. Constellation also will soon roll out its new Corona Refresca beverage, a flavored malt beverage targeting women. Read More »

Herman Cain Joining Trump Administration

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Mr Cain is also remembered for his 9-9-9 tax reform plan during the 2012 White House bid and this viral campaign video by an adviser. "A truly outstanding individual I think he would do very well there". "Perhaps the bigger issue is that Cain has said - repeatedly - that the United States should return to the gold standard", she writes . During his 2012 presidential campaign, Cain famously touted an economic plan, the "9-9-9 Plan", which would have replaced the US tax system with a flat 9 ... Read More »

Trump supporters, opponents gather at US-Mexico border ahead of President's visit

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We can't take you. The US president has threatened to impose tariffs on Mexican cars imported to the United States if Mexico does not deter the mass US-bound illegal migration crossing through its territory. For many years, families arriving at the border were typically released from USA custody immediately and allowed to settle with family or friends in the US while their immigration cases wound their way through the courts, a process that often takes years. Read More »

RBI cuts repo rate by 25 bps

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In its February monetary policy statement, the central bank had projected the GDP growth for 2019-20 at 7.4 per cent - 7.2-7.4 per cent in first half of the fiscal (April-September). It has also revised the inflation projection downwards to 2.9-3.0 per cent in first half of 2019-20 and 3.5-3.8 per cent in second half of 2019-20. Read More »

Supreme Court rejects February '18 RBI circular: Was it the right move?

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India's Supreme Court on Tuesday quashed a Reserve Bank of India circular on resolving bad debt , providing relief for some major corporate defaulters but throwing India's nascent bankruptcy regime into question. Sagar Associates , which represented several power companies in the court. "So in a way, it will be the government which will direct the banks on the NPA resolution mechanism and this could be the way forward", the source said. Read More »

Former Nissan boss Carlos Ghosn re-arrested in Tokyo

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NHK said it is unusual for someone released on bail in Japan to be re-arrested. After being held for 108 days at the Tokyo Detention House in the Kosuge district of Tokyo, Ghosn was released on bail on March 6. The latest charge appears to be related to the investigation by Nissan Motor Co .'s French alliance partner Renault about payments in Oman to a major dealership, some of which is suspected of having been channeled for Ghosn's personal use. Read More »

Aramco Unveils Financial Secrets of World's Most Profitable Firm

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Aramco had a net income of $111 billion previous year. The organization, which began as a US venture with a concession for oil rights in Saudi Arabia, has been entirely acquired from the Saudi government in 1980. That is now shifted beneath King Salman and his son, Crown Prince Mohammed bin Salman, who have taken a more active part in controlling different power centres in the kingdom, such as Aramco, Wald said. Read More »

Bitcoin price analysis and prediction: Why is BTC price rising?

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The investors for current trading are mostly tech firms, hedge funds, and rich people. Still, all analysts could not indicate any exact developments that could clarify the anonymous and sizeable buyer's big order. Mati Greenspan, an analyst at eToro of Israel, says that today Bitcoin drives the world of cryptocurrency and is the leader of the market. It is as per usual direction and market sentiments, he further added. Read More »

Bezos ex-wife to surrender 75% of couple’s Amazon shares

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In her tweet, MacKenzie said she is "happy" to be giving her ex-husband - the richest man in the world - all of her interests in the Washington Post and rocket developer Blue Origin. "Grateful for the past as I look forward to what comes next", she said. MacKenzie most of all... The 48-year-old novelist will receive a 4 percent stake in Amazon - or 25 percent of the shares the couple had jointly owned - when the divorce is finalized, according to a company SEC filing . Read More »

All The Best National Burrito Day 2019 Deals

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The National Burrito Day exclusive is only available via digital orders on Chipotle's app and on chipotle .com through Sunday, April 7, 2019. At El Pollo Loco , you can buy one burrito and get one free on National Burrito Day with a coupon that's posted on the restaurant's official website . Read More »

RBI to announce first bi-monthly monetary policy of 2019-20 shortly

Four out of six members were in favour of the 25 bps rate cut while five out of six members were in favour of keeping the maintaining the neutral stance. "Higher crude oil prices, volatility in global financial markets, the risk of a sudden reversal in the prices of perishable food items, and fiscal slippages are, however, upside risks to the inflation trajectory", the RBI said. Read More »

"RIP Harambe" Elon Musk Rap Song (FULL TRACK)

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But it said it ended the quarter with sufficient cash on hand. It still expects to deliver as much as 400,000 vehicles this year. Musk capped the quarter with a tweet referring to the work his delivery teams had done as the "most insane logistics challenge" he'd ever seen. Read More »

Shares surge on China factory rebound, trade hopes

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The French CAC 40 Index climbed 0.64% at the open. The official non-manufacturing purchasing managers' index (PMI), which covers the services and construction sectors, rose 0.5 points from February to 54.8, to remain well above the 50-point mark that separates growth from contraction. Read More »

Price of Mexican avocados spike over Trump's threats to close border

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Still, President Donald Trump not mincing words when it comes to this issue. And I think the answer is: "We can, and people are looking at different options", said Kudlow, who worked as Reagan's budget deputy between 1981 and 1985. Former Homeland Security Secretary Jeh Johnson confirmed there is a "crisis" at the southern border, with the number of apprehensions going beyond what he witnessed while serving in the Obama administration. Read More »

Brent approaches $70 as oil prices rise for fourth day

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Brent futures rose 35 cents, or 0.5 percent, to $69.72 a barrel by 0207 GMT, after earlier reaching $69.87, the highest since November 12 and within touching distance of $70. A monthly Reuters' survey of economists and analysts forecast Brent would average $67.12 a barrel in 2019, about 1% higher than the previous poll's $66.44. Read More »

Brexit compromise: Theresa May seeks delay to agree deal with Labour Party

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May said that if she could not agree a unified approach with Labour leader Jeremy Corbyn , a veteran socialist who voted against joining the bloc in 1975, then the government would agree a number of options on the future relationship . According to May's plan, if she and Corbyn can somehow hammer out a compromise, the government would then present the package to House of Commons for a vote. Read More »

PM’s Brexit Deal "Head And Shoulders" Above The Rest, Education Secretary Says

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A cross-party group of senior MPs has launched a bid to prevent a no-deal departure by tabling a bill requiring the Prime Minister to extend the negotiation process beyond April 12. The move is backed by Tory Remainer Sir Oliver Letwin, the architect of the backbench takeover of the House of Commons Brexit business which so far has resulted in not a single soft-Brexit option being supported despite the lower house of Parliament being massively overrepresented by Europhiles. Read More »

Amazon: Whole Foods cuts prices to counter expensive image

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This marks the first big round of price cuts for all shoppers since November 2017, and we couldn't be more pumped. However, in February, the Wall Street Journal reported that Whole Foods raised prices on hundreds of items. For example, the price of organic strawberries will drop by $2 to $2.99 per pound and the price of spiral-sliced ham will drop to $3.99 per pound, a savings of at least 33 percent. Read More »

British MPs reject all Brexit alternatives, again

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In a letter to Labour MPs Monday afternoon, Corbyn stated that the party "seeks a permanent customs union , close alignment with the single market and dynamic alignment on rights and protections". The political chaos forced May to postpone Britain's exit from the original date of March 29. The second option, dubbed " Common Market 2 .0", would accept May s divorce terms but require her to negotiate a new European Union customs arrangement and membership of the European Union single market. Read More »

Slain SC college student died from multiple sharp force injuries

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The State newspaper reported that Columbia Police Chief Skip Holbrook told reporters after a Saturday night press conference that a woman was in the vehicle at the time of Rowland's arrest, and she was cooperating with police. "Don't ever forget her name". Police searched for the auto Josephson had gotten into and around 3 a.m. Saturday a Columbia officer saw the Impala and stopped the vehicle, Holbrook said. Read More »

Lyft Drops 12% As Early Investors Sell Off Two Days After IPO

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Analysts are releasing their ratings of Lyft's shares, amplifying doubts about the money-losing San Francisco company that's facing challenges galore. Tradeweb Markets has been around for two decades already and during that time the company has been operating with online market places for various audiences, offering over 40 products with reporting 549 billion dollars of trading volume for their products during 2018. Read More »

No fooling, Burger King is selling a meatless Whopper

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Burger King has a plan to bring in new customers and encourage existing ones to buy more often: Vegetarian Whoppers. May we all love something as much as these people think they love beef. Carl's Jr . partnered with Beyond Meat in January 2019 to provide a plant-based " Beyond Burger " on their menu, according to the company. White Castle offers an Impossible slider , according to Impossible Foods. Read More »

Turkish lira turns positive; Istanbul slips from Erdogan

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Reports said the ruling party lost control of Ankara to opposition bloc mayoral candidate Mansur Yavas. Both Ankara and Istanbul have been held by Erdogan's Justice and Development Party , the AKP, and its Islamic-oriented predecessor for 25 years. Read More »

Google Maps get Snakes game for April Fools' Day

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You can even play it on the desktop via the standalone site . This year Google has decided to make Maps the main platform of its gag. If yes, here is a cool Easter Egg for you on Google Maps. Click this link to go play the game, and don't let your boss see you. Instead of animated snakes , the game represents different cities with buses and trains for users to choose from. Read More »

Several airlines experience technical issues impacting flights

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Technical issues impacted several carriers Monday morning, including Delta , United, American Airlines and Alaska Airlines, but those issues seem to have been resolved. The other four affected airlines had more than 175 flights delayed. "Mainline operations and regional operations are impacted to varying degrees", says a statement from the FAA. Read More »

China, US wrap up high-level talks to end ongoing trade dispute

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Speaking Friday afternoon on CNBC Television, White House chief economic adviser Larry Kudlow said the two sides made "good headway" and USA negotiators were probably on their flight back to Washington . China stock jumped on Friday as investors cheered Beijing's pledge to further liberalise financial markets, and on renewed hopes of progress in U.S. Read More »

AstraZeneca to raise $3.5bn for global partnership

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Under the terms of the deal AstraZeneca will pay Daiichi Sankyo an upfront payment of $1.35 billion, half of which is due upon execution, with the remainder payable 12 months later. AstraZeneca said it would raised $3.5bn through the placing of shares to paydown debt and support its collaboration with Daiichi Sankyo Company to develop a potential new targeted medicine for cancer treatment. Read More »

Google removes ‘gay conversion therapy’ app

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Google said this week that it would remove a controversial "ex-gay" app from its Play Store, reversing a previous decision not to do so. Google had refused to ban the app from Living Hope Ministries , saying it didn't clearly violate its Play Store terms of service. Read More »

Say It One More Time: The Economy Is Slowing

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The general picture of economic growth remains the same; personal consumption expenditures, state and local government spending, and nonresidential fixed investment were revised downward; imports, which are a subtraction in the calculation of GDP, were also revised downward. Read More »

Lyft raises $2.3billion, shares priced at top of range

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But not after its internal crisis that saw the removal of Uber's former CEO , Travis Kalanick. Shares in Lyft have jumped by 21% after the ride hailing company listed its shares on the Nasdaq stock exchange in NY. Lyft posted a loss of $911 million in 2018 versus $688 million in 2017, despite revenue doubling in 2018 to $2.16 billion. "We know the road ahead comes with both massive opportunities and genuine challenges". Read More »

Big Mac or Big Data? Even McDonald’s is using AI now

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The global giant is planning to roll out the technology to drive-thru restaurants in the United States in 2019, before expanding to "other top worldwide markets". McDonald's says it has tested the technology at select locations during 2019, and plans to roll it out nation-wide this year. It is planning to spend almost $1 billion to modernize over 2,000 its restaurants in the U.S. Read More »

CBD coming to Walgreens — HEALTH ALERT

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The bill moves on to the House for consideration. Though anecdotal evidence suggests that CBD can be helpful with certain medical conditions, researchers in the United States have previously been unable to study the substance due to federal drug regulations. Read More »