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Venture capitalists who pumped billions into the largest startups bet that the stock market would embrace them too. Public investors have been less than charmed.
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 Here are five tips for finding a deal on a new car or SUV this Memorial Day weekend.
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At the end of a nightmare week for Huawei, with its smartphone supply chain seeming to evaporate in the wake of U.S. sanctions coming into effect, Beijing has now hit back with its own proposed cybersecurity laws which could be used to restrict U.S. tech from being sold in China's vast marketplace.
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 The escalating U.S.-China trade war has sent dividend-rich sectors like utilities higher, but investors don't need to get all defensive just yet, according to strategists who say there are plenty of growth stocks with some insulation from China.
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 U.S. President Donald Trump,
declaring a national emergency because of tensions with Iran,
swept aside objections from Congress on Friday to complete the
sale of over $8 billion worth of weapons to Saudi Arabia, the
United Arab Emirates and Jordan.
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Investors wait for resolution to impasse between Washington and Beijing
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One of the hottest chip stocks out there is taking a breather.
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Federal judge blocks Trump from using Defense funds for parts of border wall CNNA Single Scandal Sums Up All of Trump's Failures The AtlanticJudge partially blocks Trump border wall plan POLITICO‘He always brings them up': Trump tries to steer border wall deal to North Dakota firm The Washington PostTrump has pushed for border wall contract for a company whose top executive frequently appears on Fox News and donates to the GOP Business InsiderView full coverage on Google News
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Rep. Chip Roy of Texas blocked the legislation, which has bipartisan support and President Trump's backing.
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Canadian midstream
company Gibson Energy is loading 60 unit trains per
month at the Hardisty, Alberta, crude-by-rail terminal and that
will rise to 90 trains per month by the end of the summer, Chief
Executive Steve Spaulding said on Friday.
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2019-05-24 0001144204-19-028253 5 KB
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First American says product defect could have caused customer data exposure ReutersFirst American Financial Corp. Leaked Hundreds of Millions of Title Insurance Records Krebs on Security885 Million Records Exposed Online: Bank Transactions, Social Security Numbers, and More Gizmodo885 Million First American Financial Records Exposed Online WIREDFirst American Financial exposed data in millions of mortgage documents, report says USA TODAYView full coverage on Google News
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The leading mortgage settlement and title insurance firm left 885 millions customer records accessible on the web, including personal data such as Social Security numbers.
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United Airlines will cancel more Boeing 737 Max flights CNNEven if the FAA clears Boeing 737 Max jets to fly, Americans may not get on board CBS NewsFAA Holds Summit On Boeing 737 Max, Says No 'Target' Date On A Fix | NBC Nightly News NBC NewsBoeing Needs to Come up With Global Solutions for 737: Allied Pilots Association BloombergEven if Boeing 737 Max jets are cleared to fly, Americans may not get on board CBS This MorningView full coverage on Google News
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A 28-year-old Algerian artist has turned YouTube, Amazon, and Twitter into chilling video game characters.
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MAX's Return to Flight Delayed by FAA's Reevaluation of Safety Procedures for Older 737 Models The Wall Street JournalEven if Boeing 737 Max jets are cleared to fly, Americans may not get on board CBS This MorningBoeing Needs to Come up With Global Solutions for 737: Allied Pilots Association BloombergFAA Holds Summit On Boeing 737 Max, Says No 'Target' Date On A Fix | NBC Nightly News NBC NewsUnited extends 737 Max cancellations through early August as Boeing plane remains grounded CNBCView full coverage on Google News
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 U.S. stocks close higher Friday ahead of the long weekend as trade-war fears receded somewhat following reports President Donald Trump may ease up on restrictions against Huawei Technologies Inc. as part of a bigger trade deal with China.
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Dell is offering several outstanding tech deals at its online store. And this roundup will help you find the best options—all while saving thousands of dollars.
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Marcus Lemonis, chairman and CEO of Camping World, says despite lawsuit, he won't take down the 3,200-square-foot American flag that violates an ordinance in Statesville, N.C.
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 U.S. stock benchmarks closed out a woeful week for higher on Friday, heading into the Memorial Day holiday. Reports that President Donald Trump may ease restrictions against Huawei Technologies Inc. as part of a bigger trade deal with China, helped to fuel some modest levels of optimism. However, all three major benchmarks finished the week with sizable losses, and the Dow Jones Industrial Average marked its longest weekly losing streak since 2011. The Dow finished Friday trade up 95 points, or 0.4%, at 25,585, the S&P 500 index rose 0.1% to 2,826, while the Nasdaq Composite Index ended up 0.1% at 7,637. For the week, the Dow declined 0.7%, marking its fifth straight weekly slump. The S&P 500 finished the week 1.2% lower, while the Nasdaq closed 2.3% lower for the week. Both the S&P 500 and the Nasdaq marked their third consecutive weekly loss. On the economic front, orders for durable goods fell 2.1% in April, less severe than the 2.4% decline expected by economists polled by MarketWatch. Core durable orders, a key measure of business investment, also declined, by 0.9%, the first decrease in four months. U.S. markets will be closed on Monday for Memorial Day.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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United Airlines said on Friday it is extending by one month its cancellations of Boeing Co 737 MAX flights, through Aug. 3, as the jetliner remains grounded following two fatal crashes.
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* U.S. oil drillers cut rigs for third week in a row -Baker
Hughes
(Updates to settlement)
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Job growth has been running 80% stronger in low-tax states than in high-tax states since the passage of the Tax Cuts and Jobs Act of 2017 in December 2017. Understanding why holds important lessons for policy, economics, and politics.
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Payment technology company Global
Payments Inc is nearing a deal to acquire peer Total
System Services Inc (TSYS) for about $20 billion in an
all-stock deal, a source familiar with the matter said on
Friday.
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Of course, you marry for love...but the financial benefits of marriage are nice, too. Whether you're a newlywed or you've reached your golden anniversary, there are a number of money-saving advantages to being married: spousal Social Security benefits, lower insurance rates and the ability to contribute to your spouse's retirement savings, to name a few. But when it comes to federal and state taxes, there's a tax-law twist that can actually cost a married couple money--it's called the "marriage penalty."
A marriage penalty exists when a couple filing a joint return pays more income tax than they would if they were single. In its most common form, the possibility of a marriage penalty is triggered when, for any given tax bracket, the minimum taxable income for joint filers is less than twice the amount for single filers. As a result, when you combine each spouse's income on a joint return, it can push some of that income into a higher tax bracket. This happens most often when the spouses' incomes are similar. For example, two taxpayers each with $100,000 of taxable income in Minnesota would be in the 7.85% tax bracket and pay a total of about $15,700 in state income taxes if filing individually. But as a couple, their combined taxable income of $200,000 pushes them into the state's 9.85% tax bracket, where their total Minnesota income taxes will be about $19,700--a penalty of $4,000 for filing jointly. (A marriage penalty can also be caused by other imbalances in the tax law, such as standard deductions, exemptions or credit phase-out thresholds for married couples that are less than twice the amount for single filers.)
The tax-bracket marriage penalty isn't a huge problem on the federal level anymore. Thanks to the 2017 tax-reform law, only the top federal income tax bracket (37% rate) contains the marriage-penalty trap. However, the marriage penalty is alive and well in several states. So, before you tie the knot or plan on moving to a new state,
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Amazon.com Inc shareholders overwhelmingly rejected a proposal that the company stop selling facial recognition technology to government agencies, while a resolution to audit the service drew more support, a regulatory filing on Friday showed.
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It's time to shop Memorial Day sales from all your favorite websites! We know it's a couple days away, but we rounded up some of our favorite items from all of our favorite websites for you to shop right now!
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The retailer is on track for another record revenue year in 2019.
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Foot Locker Inc. stock plummeted more than 16% in Friday trading after the athletic retailer missed on first-quarter profit and sales and gave a lackluster look forward. Calling the second quarter "just sort of not very exciting," Foot Locker Chief Executive Richard Johnson also said changes to merchandise plans would make the period even more dull. "So, the biggest shift in the second quarter is related to products that we now know are shifting out of the quarter," he said, according to a FactSet transcript. "It's a very normal course of business that we have puts and takes." But analysts at Baird reacted to the "disappointing setback" by removing their "Fresh Pick" rating from Foot Locker stock and cutting the price target to $62 from $77. Still, Baird rates Foot Locker stock outperform. "While highly disappointed by the FQ1 update/outlook, we still think Foot Locker is well positioned to benefit from an improving footwear cycle (especially as a key differentiated partner for Nike) allowing for continued strong comps and improving margin visibility over the next several quarters," the note said. Meanwhile, competing athletic retailer Hibbett Sports Inc. stock soared 22.4% after better-than-expected quarterly results. Hibbett shares have gained 69.5% for the year to date. Foot Locker stock is down 18% for the period. And the S&P 500 index is up 12.8% for 2019 so far.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Gene Therapy Zolgensma Gains Approval In Spinal Muscular Atrophy Treatment; Novartis Stock Pops Investor's Business DailyThe US just approved a $2.1 million treatment for a devastating disease. It's the most expensive drug in the world. Business InsiderAt $2M, priciest ever medicine treats fatal genetic disease SF GateU.S. regulators approve most expensive medicine ever: $2.1 million to treat fatal disease in babies CBS NewsAt $2.1M, Novartis gene therapy will be world's most expensive drug STATView full coverage on Google News
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The retailer is under pressure as shoe companies, like Nike, have worked to sell directly to its customers, bypassing retailers all together.
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Ryan Graves' departure signals first management shake-up since market listing
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Atherton Research's Principal Analyst Jean Baptiste Su looks back at Apple's latest fix of the MacBook Pro 2019 "butterfly" keyboard and suggests a few remedies.
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Ryan Graves, Uber Technologies Inc.'s first hired employee and one of its longest standing directors, is leaving the board two weeks after the company's initial public offering cemented his status as a paper billionaire.
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Uber's first
employee and one-time chief executive Ryan Graves will step down
from the company's board of directors, Uber said on Friday.
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Craigslist founder Craig Newmark is looking to bring back Julia Angwin as editor in chief of the Markup, weeks after her abrupt departure put the launch of the tech-oriented investigation website into question.
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U.S. President Donald Trump,
declaring a national emergency because of tensions with Iran,
swept aside objections from Congress on Friday to complete the
sale of over $8 billion worth of weapons to Saudi Arabia, the
United Arab Emirates and Jordan.
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U.K.'s Theresa May Resigns Acknowledging Failure To Deliver Brexit NPRTheresa May to Resign as UK Prime Minister The New York TimesIn the annals of history, Theresa May will rank as a uniquely bad PM Telegraph.co.ukThe Tories After Theresa May The Wall Street JournalWhy history will be kinder to Theresa May than her critics | TheHill The HillView full coverage on Google News
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Many factors helped save lives in Jefferson City twister Fox NewsMonster tornado that ripped 20-mile trail of destruction through Missouri capital was almost a mile wide AccuWeather.comAmeren, Three Rivers work to restore power to Jefferson City ABC17News.comJefferson City daycare building crumbles during tornado krcgtv.comThe Latest: Tornado Touches Down Near Iowa City U.S. News & World ReportView full coverage on Google News
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Wall Street's major stock indexes edged higher on Friday after falling in the previous session, as hopeful comments from U.S. President Donald Trump regarding trade relations with China assuaged concerns among some investors.
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Theresa May's Resignation Throws a Fractured Britain Into Further Turmoil The New York TimesUK PM Theresa May announces resignation amid fury over Brexit handling Fox NewsTheresa May Resigns, Forever Stained by Brexit The New YorkerWhy history will be kinder to Theresa May than her critics | TheHill The HillTheresa May Meets Her Lonely End The New York TimesView full coverage on Google News
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U.S. President Donald Trump,
saying there is a national emergency because of tensions with
Iran, swept aside objections from Congress and cleared the sale
of $8 billion worth of weapons to Saudi Arabia, the United Arab
Emirates and Jordan.
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China's Huawei
, hit by crippling U.S. sanctions, could see shipments
decline by as much as a quarter this year and faces the
possibility that its smartphones will disappear from
international markets, analysts said.
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Flour sold at ALDI recalled after 17 people in 8 states get sick CNNThe CDC and FDA are investigating the multistate outbreak of E. coli infections linked to flour.
View full coverage on Google News
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LeBron James, Pau Gasol welcome Judy Seto back to the Lakers Silver Screen and Roll LeBron James steps up Kyrie Irving recruitment in bold Instagram move New York Post Kawhi is the best player in the world, ahead of LeBron! - Max Kellerman | First Take ESPNLeBron James earns record-tying 15th selection to All-NBA team Los Angeles TimesLeBron James' Lakers recruiting begins in earnest with public appeal to Kyrie Irving Yahoo SportsView full coverage on Google News
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Judge partially blocks Trump border wall plan POLITICOHow a CEO's repeated appearances in conservative media might get him the border wall contract The Washington PostA Single Scandal Sums Up All of Trump's Failures The AtlanticJudge temporarily blocks Trump's border wall construction plans Fox News‘He always brings them up': Trump tries to steer border wall deal to North Dakota firm The Washington PostView full coverage on Google News
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House Judiciary Chairman Nadler Nearly Faints at NYC Event | News 4 Now NBC New YorkPowerful Dem Chairman Jerry Nadler has health scare at New York event Fox NewsJerry Nadler Recovering After Almost Fainting During Press Conference | NBC News NBC NewsHouse Judiciary Chairman Nadler Falls Ill at Mayor de Blasio Event in Manhattan NBC New YorkNadler reportedly 'OK' and 'responsive' after fainting scare Fox NewsView full coverage on Google News
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885 Million First American Financial Records Exposed Online WIREDFirst American Financial Corp. Leaked Hundreds of Millions of Title Insurance Records Krebs on Security885 Million Records Exposed Online: Bank Transactions, Social Security Numbers, and More GizmodoReal estate title insurance company exposed 885,000,000 customers' records, going back 16 years: bank statements, drivers' licenses, SSNs, and tax records Boing BoingFirst American Financial exposed data in millions of mortgage documents, report says USA TODAYView full coverage on Google News
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Billionaire entrepreneur Elon Musk's SpaceX has raised more than $1 billion in financing in the last six months as it aims to roll out an ambitious high-speed internet service by using a constellation of satellites to beam signals from space.
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Just two weeks after the release of iOS 12.3, and with iOS 12.4 in beta, Apple has released a separate update. Here are the details.
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Expectations for a painless resolution of the U.S.-China trade fight is giving way to fears of a prolonged battle that could dent global growth.
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Why Trump is right to sidestep Congress on Saudi-UAE arms sales Washington ExaminerTrump approves massive arms deals to Saudi Arabia and UAE amid Iran tensions CNBCTrump Officials Prepare to Bypass Congress to Sell Weapons to Gulf Nations The New York TimesTrump to declare emergency to bypass Congress in Saudi arms deal: Report Fox NewsTrump to sidestep Congress to clear arms deals benefiting Saudi Arabia, UAE The Washington PostView full coverage on Google News
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LeBron James steps up Kyrie Irving recruitment in bold Instagram move New York Post Kawhi is the best player in the world, ahead of LeBron! - Max Kellerman | First Take ESPNReport: LeBron James has started recruiting, reached out to Kawhi Leonard, Jimmy Butler Yahoo SportsLos Angeles Lakers: Wanting LeBron James out of LA is laughable LA Sports HubWill Kyrie Irving ‘Save The End' Of LeBron James' Career? Max Kellerman Explains NESNView full coverage on Google News
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Oil futures settle higher Friday, recouping a small portion of recent losses, but a day after posting their biggest one-day loss since December, prices see their worst weekly performance of the year.
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U.S. oil futures finished higher Friday, recouping some of the losses they saw from a day earlier when they settled at a more than two-month low. Prices, however, also posted their worst weekly decline year to date. Traders continued to gauge the risk of an energy demand slowdown as the U.S. and China continue to grapple with their dispute on trade. "There was a violent repricing of risk on Thursday after the rather disappointing global Flash PMIs discounted the argument that solid growth will continue to underpin demand. And that, paired with ongoing trade war tensions led to the big declines" that left the market "to finish the week deep in the red," said Tyler Richey, co-editor at Sevens Report Research. July WTI oil rose 72 cents, or 1.2%, to settle at $58.63 a barrel on the New York Mercantile Exchange. After a 5.7% drop Thursday, front-month contract prices lost 6.8% for the week, according to Dow Jones Market Data.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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One House Republican is holding up $19 billion in disaster aid funding Vox.comLone GOP rep blocks disaster aid bill in surprise move Fox NewsDisaster relief bill stuck in the House following GOP lawmaker's objection CNNTexas Republican holds up vote on disaster relief The News HeraldA Single Republican Congressman Has Temporarily Blocked The $19 Billion Disaster Aide Bill | TIME TIMEView full coverage on Google News
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Oil prices climbed 1 percent on Friday ahead of long U.S. and UK holiday weekends, but were on track for their biggest weekly drop of the year, pressured by rising inventories and worries about the global economy.
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US consumers are feeling the pain.
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Weapons worth $8B headed to Middle East over Congress' objections POLITICOTrump invokes emergency powers to sidestep Congress and sell arms to Saudi Arabia The IndependentTrump to declare emergency to bypass Congress in Saudi arms deal: Report Fox NewsTrump's ‘Emergency' to Justify Saudi Arms Sales BloombergWith Saudi arms deal, the president uses a Trumped-up emergency to sidestep Congress Los Angeles TimesView full coverage on Google News
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One of Wall Street's leading experts on China suggests the window is closing on a trade deal.
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