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Lucrative bets that anticipated Trump's policy surprises warrant scrutiny, experts say ReutersInsider trading concerns around oil and military moves are on the rise. Can anyone police the bets? NBC NewsMurphy on ‘$1.5 BILLION' stock trade before Trump Iran announcement: ‘Mind blowing corruption' The Hill
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Chevron says repairs to Wheatstone gas facility to take weeks ReutersAustralian Sky Turns an Apocalyptic Blood Red The New York TimesWhy Western Australia's sky turned eerie red before Tropical Cyclone Narelle made landfall FOX WeatherChevron says damage at Wheatstone LNG will hamper restart Yahoo Finance
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Cheap Daily Supplement Appears to Boost Brain Functions in Older People ScienceAlertScientists Identify Biological Pathway That Could Reverse Memory Loss SciTechDailyBoosting good gut bacteria population through targeted interventions may slow cognitive decline Medical XpressHigh-fat diets cause gut bacteria to enter brain, Emory study finds | Emory University | Atlanta GA Emory University
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ICE agents may remain at airports even after TSA agents get paid The Washington PostICE officers could remain at airports after TSA workers are paid NPRICE May Remain at Airports Even After T.S.A. Pay Resumes, Border Czar Says nytimes.comICE at Airports Trains Us to Accept Being Terrorized in Our Daily Lives The InterceptBorder czar says ICE may not leave airports once TSA officers are paid NBC News
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Stocks capped off a terrible week with another slide as a warning from one of Wall Street's bellwether firm's stoked concern about the U.S. economy.
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After Thursday's close, delivery giant FedEx (FDX, -21.4%) - whose financial results are often seen as a read on broader economic conditions - issued preliminary fiscal first-quarter earnings and revenue figures that were well below estimates. The company cited a recent acceleration in "global volume softness," and specifically pointed to "macroeconomic weakness in Asia and service challenges in Europe." FDX also withdrew its outlook for the full fiscal year, and said it is initiating several cost-cutting measures to offset the effects of lowered demand, including deferring staff hiring, closing 90 FedEx office locations and ending Sunday operations for several FedEx Ground locations. The company is slated on the earnings calendar to report its full quarterly results after next Thursday's close.
Wall Street's nerves were already frayed ahead of FedEx's financial warning, as this week's red-hot inflation reading all but assured another large rate hike from the Federal Reserve at next week's meeting. But an additional contributing factor to this week's massive volatility is likely today's quadruple-witching options expiration, which is when index futures, index options, stock options and individual-stock futures all expire at once. This happens four times a year - on the third Friday in March, June, September and December - and sometimes leads to heavy volume and erratic moves in
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