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AT&T’s Victory in Time Warner Merger Clears Way for Deal Bonanza…

AT&T’s victory against the federal government’s challenge to a proposed merger with Time Warner furthers the company’s goal of becoming a media powerhouse and may clear potential hurdles for other businesses pursuing similar acquisitions. The case, in which a federal judge rejected the government’s claim that the deal would hinder competition and raise consumer costs, […]

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Peter Navarro Responds To Trudeau G7 Trade Remarks: “Biggest Miscalculation in Canadian Political History”…

Appearing on Fox News Sunday, White House Trade Policy Adviser Peter Navarro expresses disappointment at the political stunt carried out by Justin from Canada after President Trump departed the G7. During a post summit press conference the Canadian Prime Minister decided to play politics with the U.S. / Canadian trade relationship and took a hostile […]

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KIA Recalls Over 500k Vehicles Because Air Bags May Not Work in a Crash…

Kia is recalling over a half-million vehicles in the U.S. because the air bags may not work in a crash. Combined with a previous recall expansion by Hyundai, the affiliated automakers are recalling nearly 1.1 million vehicles due to the problem, which has been linked to four deaths. The moves by both Korean automakers came […]

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Mick Mulvaney Fires All 25 Members of CFPB’s Advisory Board…

Just days after postponing another scheduled meeting of its statutorily required Consumer Advisory Board, the acting head of the Consumer Financial Protection Bureau on Wednesday told staff that all 25 volunteer members of the outside body were being relieved of their duties. “Today we begin the process of transforming the bureau’s Stakeholder Outreach and Engagement […]

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America May Soon Face Its Biggest Labor Strike in Decades…

The Teamsters and UPS could be heading toward the nation’s largest strike in decades. On Tuesday, the union announced that members voted more than 90% in favor of going on strike, if a deal is not reached before the current labor contract expires on August 1. UPS employs 260,000 Teamsters, and has added 40,000 union […]

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$3 Billion Payoff: 101 Utilities Cut Rates, Credit GOP Tax Cuts…

The number of electric, gas and water utilities cutting customer charges due to the recently passed Republican tax cuts has passed 100, and the total savings is about $3 billion. According to Americans for Tax Reform, the number has reached 101 with most utilities either cutting bills or not passing on the costs of expanding […]

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Trump’s “Trade War” Is Working: U.S. Trade Deficit Collapses…

One month after the biggest plunge in the US trade deficit since the financial crisis – good news for Trump who has engaged in “trade war” with the rest of the world to boost US trader and exports – the good news continued in April, when according to the Census Bureau, the US deficit shrank […]

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Milestone for U.S. Job Market: More Openings Than Unemployed…

For the first time on record, the number of job openings in the United States exceeds the number of unemployed Americans — a trend that may soon give workers more leverage for pay raises. The number of available jobs in April rose 1 percent to 6.7 million from 6.6 million in March, the Labor Department […]

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Major Bank CEOs Say Blockchain Will Underpin the Financial Industry ‘in Five Years’…

Blockchain technology could soon revolutionize the global banking industry, according to the chief executives of two major European lenders. Banks have invested millions in developing blockchain applications in recent years, as part of a broader industry effort to try to cut costs and simplify their back-office processes. The technology, which is perhaps better known as […]

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Reality Check: Here’s What the Average Retiree Spends Every Month…

The gray-haired couple sipping champagne on a beach at sunset. Grandpa teaching the grandkids how to fish at the family lake house. Are these scenes of carefree times in retirement based on financial reality? According to the latest Bureau of Labor Statistics data, which is based on 2016 figures, “older households” — defined as those […]

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Atlanta Fed Boosts Second Quarter GDP Forecast to 4.8%…

The forecast has been climbing higher following the release of a series of good economic data. On May 25, the measure foresaw four percent GDP growth. This rose to 4.7 percent Thursday and ticked even higher on Friday following the better than expected jobs report for May. The Atlanta Fed forecasts a big boost in […]

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Hypocritical G7 Ministers Rail Against Audacity of the U.S. Trade Position Requiring “Reciprocal and Fair” Trade Deals…

From the G7 Mission Statement outlining the objectives of their meeting: “From May 31 – June 2, 2018, G7 Ministers responsible for development cooperation met in Whistler, Canada, to discuss their shared priorities on some of the most pressing global development and humanitarian challenges, including advancing gender equality and the empowerment of women and girls”…

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223,000 Jobs Added in May, Unemployment Falls to 3.8 Percent…

The Department of Labor reported Friday 223,000 jobs were added in the month of May, and unemployment dropped to 3.8 percent. Jobs growth outpaced economists’ predictions, who estimated the number would fall just short of 200,000. Experts were also expecting the unemployment rate to stay steady from month to month at 3.9 percent. May’s unemployment […]

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President Trump and Commerce Secretary Wilbur Ross Lowered the Hammer on the Big Club…

Today is the day I’ve been waiting for. Today President Trump and Commerce Secretary Wilbur Ross lowered the hammer on the Big Club. China, the EU, Canada and Mexico have been exploiting weak U.S. trade policy for years. Through the effective utilization of targeted tariffs, with multiple opportunities -and warnings- to avoid the outcome, President […]

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Goldman Sachs Investment Banker Arrested on Insider Trading Charges…

A 37-year-old investment banker for Goldman Sachs was arrested Thursday on charges he used inside information on mergers for which the company was a financial adviser to garner more than $130,000 on stock trades. Woojae “Steve” Jung, 37, of San Francisco, was charged with six counts of securities fraud and one count of conspiracy, according […]

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Tech Titans Tiptoe Toward Monopoly…

Imagine a not-too-distant future in which trustbusters force Facebook FB 1.15% to sell off Instagram and WhatsApp. Imagine a time when Amazon’s cloud and delivery services are so dominant the company is broken up like AT&T . Imagine Google’s search or YouTube becoming regulated monopolies, like electricity and water. Facebook Inc., Google parent Alphabet Inc. […]

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Wilbur Ross Delivers – No More Steel and Aluminum Tariff Exemptions for EU, Canada or Mexico (VIDEO)…

Amid ongoing trade stalemates with NAFTA and the EU, Commerce Secretary Wilbur Ross has announced the U.S. Commerce Department will no longer provide exemptions for the European Union, Canada or Mexico. As anticipated, during a telephone briefing with reporters Secretary Ross announced at midnight tonight the 25% steel, and 10% aluminum, tariffs on imported goods […]

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