• Google is the latest tech giant to expand in New York City
Google is the latest tech giant to expand in New York City

Google's first foray into NY, 18 years ago, was far less dramatic than Monday's announcement: a one-person sales team working out of a Starbucks on 86th Street. Here, a pedestrian passes by 345 Hudson Street , one of the buildings Google will be using. The move could allow the company to more than double the current 7,000 people it employs in the...

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  • Virgin Galactic sends tourist rocket into space for first time
Virgin Galactic sends tourist rocket into space for first time

The Mojave, Calif., launch was the fourth test flight of the SpaceShipTwo Unity , reports Space.com, which has photos. The spaceship ignited its rocket engine and it quickly hurtled upward and out of sight of viewers on the ground. A visibly emotional Richard Branson, Virgin Galactic's founder, told reporters after the flight that it meant "myse...

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  • Beijing offers to cut auto tariffs, buy soy
Beijing offers to cut auto tariffs, buy soy

On the day of the trade ceasefire, US-China relations took an unexpected turn with the high-profile arrest of Huawei Technologies chief financial officer Sabrina Meng Wanzhou in Canada. Chinese President Xi Jinping's government has taken steps this week to soothe the US, including a plan to cut tariffs on USA cars to 15 percent from 40 percent.

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  • Thune: Farm bill will allow farmers more flexibility
Thune: Farm bill will allow farmers more flexibility

House Republicans say this provision is aimed to encourage more to enter the agriculture sector. Earlier this year, the House and Senate passed separate bills to address changes in sexual harassment policies in Congress . "I am glad that we were able to pass a bill today that includes many positive provisions for our farmers", Sanders said. ...

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  • OPEC's Deal To Slash Oil Production Gets Support From Azerbaijan's Government
OPEC's Deal To Slash Oil Production Gets Support From Azerbaijan's Government

Oil producers were under heavy pressure to slash production following a sharp fall in oil prices over the past few months. Futures in NY were little changed, after Monday's 3.1 percent drop erased gains following last week's pact between Saudi Arabia , Russia and other major producers to curb output.

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  • OPEC talks stall as Saudis refuse to exempt Iran from oil cut
OPEC talks stall as Saudis refuse to exempt Iran from oil cut

The price decline prompted OPEC and its allies to discuss output cuts, and Falih said on Thursday possible reductions by those involved ranged from 0.5-1.5 million bpd. It remains uncertain whether prices will rise as expected. The Saudi government threatened to retaliate against any punishment such as economic sanctions, outside political pressu...

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  • Uber makes confidential filing for long-awaited IPO
Uber makes confidential filing for long-awaited IPO

The companies are racing each other to go public in stock market in 2019 amid fear of economic recession. This story is developing . The two initial public offerings could raise billions for the two companies to fuel their expansions, while giving investors their first chance to buy stakes in the ride-hailing phenomenon.

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  • Marlboro maker places $1.8 billion bet on marijuana
Marlboro maker places $1.8 billion bet on marijuana

Atria, formerly Philip Morris, makes the move after watching its stock tumble 25 percent this year and outlook on the company's growth projected at about one percent this year and 2019. Investors, meanwhile, have been pouring money into cannabis companies that operate in multiple USA states, pivoting away from Canada. First and foremost, Cronos wil...

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  • Healthcare job growth slows; 13,000 hospital positions added in November
Healthcare job growth slows; 13,000 hospital positions added in November

The unemployment rate remained 3.7 percent, almost a five-decade low, for the third straight month. Average hourly earnings rose 0.2% month-on-month and 3.1% year-on-year, with the latter matching its highest growth rate since April 2009.

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  • Canada defends Huawei arrest as markets wobble
Canada defends Huawei arrest as markets wobble

Huawei's smaller rival ZTE Corp pleaded guilty past year to conspiring to evade embargoes by selling U.S. equipment to Iran. The Trump administration says they benefit from improper subsidies and market barriers. "China tension around geopolitics and techno-nationalism", he said of Meng's arrest . "Would not want to be a Canadian business leader i...

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  • Trump praises death penalty for Chinese fentanyl 'distributors and pushers'
Trump praises death penalty for Chinese fentanyl 'distributors and pushers'

U.S. President Donald Trump , who rattled global markets Tuesday after declaring himself "a Tariff Man", predicted in a series of tweets Wednesday the United States and China would negotiate a new trade deal. China has said comparatively little about the Trump-Xi agreement after senior Chinese officials briefed the media following the meeting,...

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  • Canada arrests CFO of China’s Huawei Technologies
Canada arrests CFO of China’s Huawei Technologies

According to Canadian government, Meng was arrested on December 1 by request of the United States, who is seeking to have her extradited. "As there is a publication ban in effect, we can not provide any further detail at this time", department spokesperson Ian McLeod said in a statement to the newspaper.

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  • Trump hails US-China relations amid trade detente
Trump hails US-China relations amid trade detente

Tariffs on $200 billion of Chinese products had been set to jump from 10 percent to 25 percent after January 1, 2019. In two tweets earlier Monday, Trump praised his relationship with Xi and said the agreement he brokered with the Chinese leader will help people in America's breadbasket hurt by China's targeting soybeans with a 25 percent tari...

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  • George H.W. Bush's Service Dog Sully Remains by Casket
George H.W. Bush's Service Dog Sully Remains by Casket

America's 41st president died late Friday at his home in Houston . "He added: "A attractive day In Texas - 'ceiling and visibility unlimited, ' Mr. Bush first nominated Roberts to an appellate judgeship in 1992, though Congress never acted on the nomination. Sully H.W. Bush, a yellow Labrador service dog who worked with the late former Presi...

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  • Trump and China called a trade war truce - now what?
Trump and China called a trade war truce - now what?

Experts claimed that the future of global trade would hinge on the much-anticipated dinner meeting between President Trump and Chinese President Xi Jinping last night, at which United States trade advisor Peter Navarro was also present.

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  • Rand slightly firmer despite Trump’s trade war comments
Rand slightly firmer despite Trump’s trade war comments

When the WSJ asked if that includes handsets like the iPhone as well as notebook computers, he said "Depends on what the rate is, I can make it 10%, and people could stand that very easily". He declined to say what other USA officials will join Trump in the session. President Donald Trump has repeatedly told reporters that tariffs on an addit...

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  • D&G: China shopping sites pull products in ad backlash
D&G: China shopping sites pull products in ad backlash

The video has since been removed from China's social network Weibo , where it was originally posted, but has been shared widely online with #BoycottDolce. a gag for amusement". The narrator also pronounced " Dolce & Gabbana " in a Chinese accent and called the chopsticks "stick-shaped cutlery". Luxury brand Dolce & Gabbana vanished in ...

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  • Brexit: Britain's Theresa May holds pre-summit talks
Brexit: Britain's Theresa May holds pre-summit talks

Spanish Prime Minister Pedro Sanchez claimed the United Kingdom and European Union had agreed to its demands for guarantees over the status of Gibraltar in future negotiations. European Commission President Jean-Claude Juncker, right, greets British Prime Minister Theresa May at EU headquarters in Brussels , Nov. 24, 2018.

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  • Apple reportedly cuts production orders for iPhone XS, XS Max and XR
Apple reportedly cuts production orders for iPhone XS, XS Max and XR

Many iPhone suppliers have cut their quarterly profit estimates after a large customer, which is nearly certainly Apple , reduced its orders. Goldman Sachs now sees Apple's earnings per year for fiscal 2019 at Dollars 13.40, approximately in-line with Apple's last three years next-twelve month average.

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  • Nissan ousts chairman Carlos Ghosn over financial misconduct ‘claims’
Nissan ousts chairman Carlos Ghosn over financial misconduct ‘claims’

Le Maire said he would contact his Japanese counterpart over the matter, and reiterated that France's priority was to ensure the stability of the Renault company. The French automaker announced it would be holding a board meeting later on Tuesday to discuss interim management while Ghosn is detained. Earlier Monday, Japan's Asahi News repor...

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  • New Amazon HQ split between New York, Washington suburbs
New Amazon HQ split between New York, Washington suburbs

And the two areas combined are providing over $2 billion in subsidies to one of the world's richest companies - a bounty that many analysts say probably wasn't necessary to sway Amazon . Amazon's arrival could end up "essentially bailing out developers that went ahead despite the excess supply", he said. "I'm sick of hearing there isn't enough ...

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  • Number of missing people in California wildfires doubles to over 630
Number of missing people in California wildfires doubles to over 630

Authorities have attributed the high number of fatalities in part to the staggering speed with which the wind-driven flames raced through Paradise , a town of 27,000 residents. It's unclear what will be done if people don't leave Sunday, but city officials don't plan to kick them out, said Betsy Totten, a Chico spokeswoman.

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  • Oil falls to lowest price in 12 months
Oil falls to lowest price in 12 months

Saudi Arabia is considering pushing through curbs on crude at next month's Opec meeting, on signs that supply is starting to outpace demand. Three sources familiar with the matter told Reuters on Wednesday that OPEC and its partners are discussing a proposal to cut oil output by up to 1.4 million bpd for 2019 to avert an oversupply that woul...

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  • Analyst lowers prediction of iPhone XR shipments by as much as 30%
Analyst lowers prediction of iPhone XR shipments by as much as 30%

Last week a media report saying the iPhone maker had told its smartphone assemblers to halt plans for additional production lines dedicated to its new lower-priced iPhone XR had pressured supplier stocks. On Friday we reported that a company by the name of II-VI had acquired Apple backed Finisar . Both Lumentum and IQE are part of the ...

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  • Abu Dhabi summit: Oil production cuts may be necessary
Abu Dhabi summit: Oil production cuts may be necessary

As uncertainty beclouds the future of crude prices , members of the Organisation of Petroleum Exporting Countries (OPEC), met yesterday November 11th, in Abu Dhabi to decide on how to cut crude supply in order to forestall further declines in price.

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