• Bitcoin climbs above $7 000 as cryptocurrency rally extends
Bitcoin climbs above $7 000 as cryptocurrency rally extends

But there is an ongoing blockchain and cryptocurrency conference in NY called Consensus, with big investors and influential market players gathered to network and discuss the current state of the industry. "Bitcoin is acting differently since moving above its 200-day moving average" and the gains are occurring on strong volume, Fundstrat co-found...

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  • China, US have ‘wisdom’ to resolve trade dispute, says senior diplomat
China, US have ‘wisdom’ to resolve trade dispute, says senior diplomat

China on Monday hit back against the United States, announcing it will sharply increase duties on thousands of USA agricultural and manufactured goods to retaliate against Trump's decision last week to more than double the punitive duties on hundreds of billions of dollars in Chinese merchandise.

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  • Court Wants Musk to Explain Calling Rescuer a Pedophile
Court Wants Musk to Explain Calling Rescuer a Pedophile

A federal court judge in Los Angeles set an October 22 trial date in a Friday court filing that rejected Musk's attempt to dismiss a defamation lawsuit filed by British diver Vernon Unsworth. Following the move, Unsworth announced that he started preparing legal action against Musk for defamation in the courts of Thailand, where Musk could get ...

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  • Stocks Bounce Back As Trade War Fears Subside
Stocks Bounce Back As Trade War Fears Subside

Plus, there could be more retaliation from China - last time farmers took a big hit. China responded by raising its own tariffs, and the U.S.is considering expanding tariffs again to cover all imported Chinese goods. To begin with, the increased tariffs mean more taxes that American companies and individuals will have to pay for the imported Chin...

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  • The Times view on China-US relations: Bad Trade
The Times view on China-US relations: Bad Trade

For instance, last week at the White House, he said: "Our country can take in $120 billion a year in tariffs". I'm not at all surprised by the outcome as it's not an easy job to solve the decades-long trade disputes between the two countries.

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  • California jury hits Bayer with $2 billion award in Roundup cancer trial
California jury hits Bayer with $2 billion award in Roundup cancer trial

The verdict represents the third such legal setback for the company in California since mid-2018. Bayer released a statement following the jury's decision, vowing to fight back. More than 13,000 other lawsuits have been filed against its subsidiary, Monsanto, the maker of Roundup. "The jury saw for themselves internal company documents demo...

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  • Trump prepares more tariffs as China retaliates
Trump prepares more tariffs as China retaliates

One of Donald Trump's top economic advisers has acknowledged the president was wrong to suggest that China would pay tariffs on its exports to the US. Trump later tweeted that "there will be nobody left in China to do business with". The US argues that China's trade surplus with the US is the result of unfair practices, including state suppor...

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  • Saudi Arabia says two Saudi oil tankers attacked near UAE waters
Saudi Arabia says two Saudi oil tankers attacked near UAE waters

Trump's comments came after the United Arab Emirates reported four commercial vessels had been sabotaged on Sunday near Fujairah emirate just outside the Strait of Hormuz. Iran borders the Persian Gulf and the Strait of Hormuz. In that specific case of the U.S. sailors, then-Secretary of State John Kerry was able to call Iran's Foreign Minister...

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  • Trump to meet with Vladimir Putin, Xi Jinping at G20 in June
Trump to meet with Vladimir Putin, Xi Jinping at G20 in June

After China announced it would raise tariffs on $60 billion worth of American goods, the Dow Jones industrial average fell Monday afternoon by more than 700 points or almost 3 percent, according to The Washington Post. If Trump proceeds with the tariffs, it would see nearly all imports from China covered by punitive import duties. The editor of t...

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  • USA court allows consumer lawsuit on Apple marketplace monopoly
USA court allows consumer lawsuit on Apple marketplace monopoly

For a bit of background here, the 9th U.S. Circuit Court of Appeals ruled in January 2017 that Apple sells its apps directly to consumers and that they can move forward with an antitrust suit on these grounds. The lawsuit was brought against Apple by four iPhone users, who claimed that Apple was monopolizing the retail market for the sale of ...

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  • George Conway Mocks Trump's ‘Easy’ Suggestion For Avoiding Tariffs on China
George Conway Mocks Trump's ‘Easy’ Suggestion For Avoiding Tariffs on China

Both nations are engaged in commercial combat over China's aggressive push to set up Chinese firms because world leaders in cutting-edge areas including robotics and electrical vehicles. "It's very simple!" the president tweeted. "The most crucial issues are confidence and expectations", he said, "as long as we in our hearts have confidence, we...

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  • Uber gets a cold embrace on Wall Street
Uber gets a cold embrace on Wall Street

Grocery and food delivery platform Postmates, WeWork owner The We Company and online mattress retailer Casper Sleep are among startups seeking to launch IPOs this year. The IPO comes at an interesting time for the company. C'mon. Literally no one believes that Uber is actually worth $82bn, especially when it continues to lose billions of dollar...

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  • US President Donald Trump warns China not to retaliate against tariff hike
US President Donald Trump warns China not to retaliate against tariff hike

Kudlow said he believed any damage to the United States economy would be far less than predicted, and that it was a risk "we should and can take". "A paradigm shift in America's China policy is under way, with major implications for the world's most important bilateral relationship and, more importantly, for global security", said Brahma Chellane...

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  • S&P 500 futures tumble as U.S.-China trade fears escalate
S&P 500 futures tumble as U.S.-China trade fears escalate

Farmers have seen the most notable impact, as China slapped additional taxes on agricultural products imported from the U.S. Last year, the Trump administration set aside billions to bail out farmers impacted by the trade dispute, but for many, the bailout was not enough to recuperate the losses they've experienced.

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  • Oil prices fall with heightened US-China trade tensions
Oil prices fall with heightened US-China trade tensions

Growing trade between the world's two largest oil consumers could affect oil demand. "For now it's just not worth the risks as the volume is very small in (the company's) overall purchases", said the source, adding that CNPC is entitled to lift an average of 2 million barrels, about 67,000 bpd, of oil from its investment a month.

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  • China Trade Talks Resume, Donald Trump Says Deal Still Possible
China Trade Talks Resume, Donald Trump Says Deal Still Possible

Upon taking office, Trump pulled out of the Trans-Pacific Partnership, walking away from 12-member trade alliance that would have aided efforts to outcompete China . Negotiators from both countries met Thursday and are continuing to meet Friday. But earlier this year , investors were growing increasingly confident that the two sides would event...

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  • VW's ID 3 electric hatch snags over 10,000 preorders in 24 hours
VW's ID 3 electric hatch snags over 10,000 preorders in 24 hours

Volkswagen has no plans to sell the ID 3 the U.S., though it does plan to import future electric cars based on the ID 3's platform to the USA, starting with the ID Crozz later in 2020. All models will be capable of 125kW DC fast charging. The ID.3 will not be sold in the US, but it kicks off a new family of electric models , all of which w...

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  • U.S. senators say Amazon smart speaker for kids violates privacy law
U.S. senators say Amazon smart speaker for kids violates privacy law

An Amazon spokesperson told The Wall Street Journal that the company is compliant with federal privacy laws and that Amazon's privacy policies are disclosed on its website. Such skills are generally produced by independent software developers or other third parties, not Amazon. Recently, Amazon Alexa was in news after a report surfaced onli...

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  • China talks resume briefly after U.S. hikes China tariffs
China talks resume briefly after U.S. hikes China tariffs

China's Commerce Ministry said it would impose " necessary countermeasures " but gave no details. Sources told Reuters this week that China had deleted its commitments in the draft agreement that said it would change laws to resolve core complaints of the United States: theft of us intellectual property and trade secrets; forced technology ...

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  • Uber IPO Sputters, Stock Already Trading Below Initial Price
Uber IPO Sputters, Stock Already Trading Below Initial Price

The IPO was oversubscribed, but Uber settled for a lower price to avoid a repeat of Lyft's IPO in late March, which priced strongly then plunged in trade. Uber might be even more popular if not for a series of revelations about unsavory behavior that sullied its image and resulted in the ouster of its co-founder, Travis Kalanick, as CEO almost ...

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