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Ocasio-Cortez, Rubio to offer dueling visions of world order in Munich The Washington PostDemocrats at Munich security summit to urge Europe to stand up to Trump The GuardianAOC to offer a 'working class' perspective on U.S. foreign policy at Munich summit NBC NewsGavin Newsom, the Traveling Trump Troll, Heads to Germany The Wall Street Journal
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Prosecutor Seeks Dismissal of Charges Against Man Shot by ICE The New York TimesJustice department moves to drop charges against men accused of hitting ICE officer in Minnesota The GuardianGovernment moves to dismiss charges against men in ICE-involved shooting, citing 'newly discovered evidence' 5 EYEWITNESS NEWS
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Ukrainian forces say Russian troops paid them for a fake Starlink service that instead revealed battlefield locations Business InsiderMusk's Starlink Blocks Russian Troops' Internet Access at Ukraine's Request The New York TimesRussian military scrambles to find Starlink alternative after access blocked The GuardianUkraine Advances in Zaporizhzhia After Russian Troops Lose Starlink Access - NATO Official The Moscow Times
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The Wall Street giant's top lawyer, whose ties to Jeffrey Epstein had raised questions at the firm, has resigned. Other corporate leaders are also facing blowback.
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Asian Stocks to Drop as AI Jitters Hit Wall Street: Markets Wrap BloombergAsia stock markets track losses on Wall Street as AI fears hit sentiment CNBCAsian shares step back from record as tech jitters return, bonds rally ReutersAsia stocks slip following Wall St tech slide; still set for sharp weekly gains Investing.com
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When Amazon badly needed a ride, Europe's Ariane 6 rocket delivered Ars TechnicaEurope Launches Its Most Powerful Rocket With Amazon Satellites Bloomberg.comWatch live: first launch of Ariane 6 with four boosters European Space AgencyAmazon Leo prepares for first heavy-lift mission of 2026 with Arianespace About Amazon
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Stocks jumped out of the gate Friday after the release of the August jobs report. But enthusiasm from the few investors that stuck around ahead of the long holiday weekend didn't last, with all three indexes ending in the red.
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The Labor Department this morning said the U.S. added 315,000 new jobs in August, well below July's 526,000. Also in the jobs report: the unemployment rate edged up to 3.7% from 3.5%; the labor participation rate, or the number of people actively seeking work, improved to 62.4% from 62.1%; and average hourly earnings - a key measure of labor cost inflation - was up 5.2% year-over-year, same as it was in July.
"Friday's jobs data provided some moderate relief, with payrolls almost landing precisely on consensus at 315,000 in August," says Douglas Porter, chief economist at BMO Capital Markets." While no doubt a solid advance - and completely inconsistent with recession chatter - other aspects of the report sent some calming signals." Porter points to steady wage growth, an increasing labor force and the rising unemployment rate that suggest "the extreme tightness in the job market may be beginning to moderate - almost exactly what the Fed doctor ordered."
Still, the major indexes, after being up more than 1% each around lunchtime, swung lower in afternoon trading after news reports indicated Russian energy giant Gazprom will indefinitely suspend operations of a natural-gas pipeline to Germany.
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By the close, the Nasdaq Composite was down 1
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In the wake of the ongoing Russian invasion of Ukraine, SAP and Oracle have both announced that they are suspending all business operations in Russia.
The decision from the two major IT vendors came in the wake of a request from Ukrainian Vice Prime Minister Mykhailo Fedorov, who posted letters he'd written to both companies on Twitter yesterday.
In his letter to Oracle, Fedorov wrote: "The IT industry always supports values of responsibility and democracy…now, more than ever, people's lives depend on your choice."
Oracle replied to the tweet, stating that on behalf of the people of Ukraine and its elected government, the company has "suspended all operations in the Russian Federation". However, the company has not provided any further comment on the situation since the tweet was posted.
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