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Huawei CFO Wanzhou Meng arrested in Vancouver, faces extradition to U.S.

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The ban was sought by Ms. Meng", McLeod said . Meng is the daughter of Huawei founder Ren Zhengfei, and also sits as the deputy chair of the global telco giant. The arrest could drive a wedge between China and the United States just days after President Donald Trump and President Xi Jinping held a meeting in Argentina where they agreed to steps to resolve a brewing trade war. Read More »

Qualcomm has no interest in reviving NXP takeover

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Qualcomm walked away in July from the proposed acquisition of NXP after failing to secure Chinese regulatory approval, becoming one of the most high-profile victims of the escalating US-China trade war at the time. CHINESE PURCHASES OF US GOODS The White House said China will agree to purchase a not yet agreed upon, but very substantial, amount of agricultural, energy, industrial, and other products from the United States. Read More »

Quora reveals data breach affecting up to 100 million users

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Non-public content and activity, e.g. direct messages or answer requests. It's worth noting that if you've used and answered questions anonymously in the past, your data is safe as Quora doesn't store the identities of such users. The number of people involved potentially affected by the breach of the reservation database made it one of the largest ever cyberattacks on a company. Read More »

Trump Imposes Six Month Deadline On Congress For NAFTA Substitute

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That letter is already in effect, he said. Last Friday, the leaders of the United States, Mexico, and Canada signed the US-Mexico-Canada Agreement (USMCA) on the sidelines of the G-20 meeting in Argentina. Larry Kudlow, Trump's senior economic adviser, said he and Trump hadn't spoken in detail about the president's thinking. The United Auto Workers, a longtime critic of NAFTA, raised similar concerns after the ceremonial signing of the trade pact in Buenos Aires. Read More »

Saudi and Russia Disagreement Will Result in "Fudged" OPEC Summit: PVM

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Although Moscow and Riyadh have yet to confirm any fresh cuts, the agreement by the Russian and Saudi leaders over the weekend opens the door for a deal at the OPEC meeting this week in Vienna . IG Market Analyst, Kyle Rodday says the news post-OPEC meeting could be significant. US crude oil imports averaged 8.2 million barrels per day, up by 608,000 barrels per day from the previous week. Read More »

Qatar says will leave OPEC

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Saad al-Kaabi, the country's energy minister, told a news conference: "Qatar has chose to withdraw its membership from Opec effective January 2019 and this decision was communicated to Opec this morning". The price of Brent crude jumped 4.7% to $62.24 in early trading, while United States crude was also up about 5%. "Qatar has chose to withdraw its membership form OPEC effective January 2019 and this decision was communicated to OPEC this morning", the minister said on Monday at a news ... Read More »

Fed Chairman Says Interest Rates Are Just Below Estimates of Neutral

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But he said the Fed's gradual increases balanced the risks between raising too much and not enough. Powell reassured investors that the Fed wouldn't risk killing off economic growthby continuing to aggressively raise rates next year. Tom Porcelli of RBC Capital Markets said investors were wrong to interpret Powell's words as "dovish". The Fed's benchmark federal-funds rate since then has been between 2% and 2.25% - or just below the lowest estimate. Read More »

Was Post-Fed Chair Speech Rally a Market Overreaction?

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Powell unnerved investors on October 3 when he said in an unscripted comment that Fed policy probably was "a long way from neutral" and might eventually have to turn restrictive. Traders work on the floor of the New York Stock Exchange in New York on November 28, 2018. Trump has repeatedly attacked Powell over rate increases, calling the investment banker he selected previous year to oversee the world's most powerful central bank a "threat". Read More »

Oil prices drop amid rising US stocks, OPEC uncertainty

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There is need of a cut, but Russian Federation doesn't want to chip in with a large cut, a second source told Reuters. This is the first declining trend since February 2016, the lowest price level in the last decade. Now, with West Texas crude inching below $50 a barrel, the Saudis are alarmed. Iran was also largely exempt from cuts. Iraq will work with OPEC and other partners to stabilize oil markets and isn't concerned about further declines in crude prices, Fayyad Al-Nima, deputy oil ... Read More »

US Fed chairman hints at higher rates following Trump attack

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What he actually said was that rates are "just below the broad range of estimates of the level that would be neutral". Powell has been gradually raising rates since he was confirmed to his position by Trump in January. In an interview with The Washington Post , Trump said the Fed was "way off base". Trump in recent weeks has repeatedly attacked the Fed - and Powell personally - for the central bank's interest rate increases, which the president has blamed for stock market turmoil and ... Read More »

Trump threatens new vehicle tariffs after GM closures

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United States has already imposed "precious panel" on half of the Chinese good which were exported to USA markets each year, and has also threatens to target remaining $267 billion. "We're dealing with a corporation that doesn't have any respect for Canadian and American workers, and I think we should treat them in the same vein", said Jerry Dias, national president of Unifor, which represents GM workers in Canada. Read More »

G20 summit 2018: All you need to know

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On the other are pragmatists led by White House chief economist Larry Kudlow and Treasury Secretary Steven Mnuchin, concerned about the harm deepening friction could do to the US economy and markets. Among those potentially affected would be Apple products imported from China, including iPhones and laptops, according to a transcript of the interview with The Wall Street Journal's Bob Davis. Read More »

German police search Deutsche Bank in money-laundering case

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Around 170 police officers, prosecutors and tax inspectors took part in the searches which saw written and electronic documents seized, the Frankfurt prosecutor's office said. President Donald Trump. The investigation is focused on a Deutsche Bank unit based on the British Virgin Islands, which dealt with more than 900 clients and processed 311 million euros ($354 million) in 2016 alone, according to the prosecutors. Read More »

Oil prices steady near year lows ahead of G20 and OPEC

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Crude oil prices saw gains Monday morning as they recovered following a plunge on Friday, buoyed by speculation of cuts and geopolitical tension. At the same time, crude stocks have now climbed for eight consecutive weeks, surely a sign that the market is decidedly back in a surplus situation. Read More »

GM To Close Oshawa Assembly Plant In 2019

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Production at the plant began on November 7, 1953, and in the 1980s the plant employed roughly 23,000 people. General Motors workers packed an Oshawa union hall on Monday to hear what UNIFOR is going to do to save their jobs. Our members in Oshawa want their jobs. The others are in Ohio, Maryland, and Ontario, Canada. In 2015, assembly of the Chevrolet Camaro in Oshawa ended and in 2016, assembly of both the Chevrolet Impala and Equinox came to an end. Read More »

Trump's G-20 tariff talk: Why everyone is listening

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US Trade Representative Robert Lighthizer speaks during a meeting at the White House in Washington April 12, 2018. If negotiations were unsuccessful, Mr Trump said he would also move ahead with plans to target additional Chinese goods with tariffs. Read More »

Apple's Stock Sours, Microsoft's Soars. Say What?!

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Shares of Apple were slightly lower in midday trading on Monday, while Microsoft jumped 2.4 per cent. At the same time, Apple saw its market cap skyrocket higher and higher as the iPhone took over the world. As time passes Apple made its way to the smartphone industry and invented the most talked about smartphones ever, the iPhone. And while the sales growth of its cloud-computing unit, Azure , grew at its slowest pace in at least two years, it was still up 76% annually, remaining the ... Read More »

Wall St set to open lower on Trump tariff threat

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If the two sides fail to reach a deal, Trump said he will also impose tariffs of either 10 per cent or 25 per cent on the remaining US$267 billion in annual USA trade with China . Additionally, existing United States duties on Chinese imports are set to rise from 10 percent to 25 percent in January, affecting $200bn worth of imported goods. Read More »

Trump administration exerting "a lot of pressure" following GM layoff announcement

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Reacting sharply, Trump asked the General Motors to review its decision, which the auto major said would help it save around $4.5 billion in costs by the end of 2020. "We are now looking at cutting all General Motors subsidies, including for electric cars", he wrote. "It emphasizes what a precarious position the North American auto industry is in, and why we needed the changes that we see in the new NAFTA". Read More »

Customers allowed to keep cash from misfiring Texas ATM

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As Houston's KPRC-TV reports, people noticed the Bank of America ATM in Harris County was misfiring about 11 p.m. Word spread quickly and a parade of cars lined up to seize the moment. Customers who attempted to withdraw money in denominations of $10 instead received $100 bills. Bank of America is aware of the malfunction and working to fix the issue. Read More »

Angus King says Trump giving Saudi prince 'a pass' over Khashoggi killing

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The signatory journalists to the statement continued: "If the media and newspapers in Egypt are subject to unfair restrictions and the abhorrent control of an authority that in its turn does not respect freedoms, the rights of readers and viewers, and journalism ethics, there are many Egyptian journalists who will raise their voices against all these violations, and even crimes, in Saudi Arabia , Egypt, and other countries". Read More »

European Union endorses Brexit divorce deal but hard work lies ahead

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The PM received a largely hostile reception as she told the House of Commons her Brexit deal "delivers for the British people", and warned that rejecting it would put the United Kingdom on the path to division and uncertainty. "Those who think that by rejecting the deal that they would have a better deal will be disappointed the first seconds after the rejection". "She said Britain's departure from the European Union "must mark the point when we put aside the labels of "Leave" and 'Remain" ... Read More »

Walmart's Cyber Monday 2018 Early Gaming Deals: Nintendo Switch Bundle & More

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Black Friday sales hit a record high this year as much of the buying occurred online . When does Cyber Monday start for Amazon? Additionally, Redcard holders will get another 5% off. And discounts will continue throughout the week with 30% off Target-exclusive home brands like "Fixer Upper" stars Chip and Joanna Gaines's Hearth & Hand with Magnolia line on Tuesday. Read More »

General Motors to close Oshawa plant along with 4 others in US

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GM builds sedans on one assembly line and pickup trucks on another. GM's Oshawa plant assembles the Chevrolet Impala and Cadillac XTS and finishes Chevrolet Silverado and GMC Sierra trucks. The least they could do is continue to invest in us". "While the union does not have complete details of the overall announcement we have been informed that, as of now, there is no product allocated to the Oshawa Assembly Plant past December 2019", the statement reads. Read More »

Sasse: Trump Is 'Being So Weak' on the Saudis

The Trump administration has imposed sanctions on 17 individuals that Saudi Arabia said were connected in Khashoggi's death. "Intelligence I've seen suggests this was ordered by the crown prince". "At such a time when it becomes necessary, the president also needs to speak directly to the Saudis and say enough's enough, " Ernst said. Crown Prince Mohammed "contributed to murdering somebody overseas and it is not strength to sort of mumble past that". Read More »

Christmas tree farmers get ready for the holidays

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Unlike artificial tree that's made of metal and plastic, it will break down in the landfill. "Last two years, it's become increasingly harder and harder to get good quality trees or trees period because of the downturn in the economy". "I've invested more money this year and I have less trees". A shortage of Fraser fir trees, the most popular on the East Coast, had some North Carolina buyers scrambling to find balsam firs in New England. Read More »

Below $4k: Bitcoin’s Price Drops to a 420-Day Low

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About a week ago, the market cap of the entire crypto market was $182 billion. As the cryptocurrency markets continue to slip into another day of price fall, with headlines across the internet declaring Black Friday savings for Bitcoin and altcoins, the BCH fiasco encapsulated in the recent " hash war " is finally coming to an end. Read More »

European Leaders Close In On Brexit Deal

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The DUP's 10 MPs have propped up her government ever since she lost her majority in a 2017 election and was forced to turn to the fiercely pro-Brexit, unionist right-wingers to pass legislation. That is why hard core Tory Brexit supporters in mid-November threatened a no-confidence vote to try to remove her from power. May backed that view and announced she will personally lead a "campaign" lasting "a few weeks" to win support for her agreement among politicians and voters. Read More »