Business

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Stocks dip on bank earnings worries

Wall Street stocks edged lower Tuesday as bank earnings added to concerns about lower interest rates dampening profits. As Fred Katayama reports, U.S. President...
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Bayer shares rise after U.S. judge slashes Roundup payout

A U.S. federal judge on Monday slashed a damages award Bayer owes a California man who blamed Roundup weedkiller for his cancer. Francis Maguire...
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Big banks beat estimates

Investors bought financial stocks after JPMorgan Chase, Goldman Sachs and Wells Fargo pumped out quarterly profit that easily beat Wall Street's estimates. Fred Katayama...
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Don't trust Facebook – Tomasulo

As Facebook came under fire before a Senate hearing Tuesday, Vespula Capital's Jeff Tomasulo tells Reuters' Fred Katayama he wonders how anyone could trust...
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Pound engulfed by 'perfect storm', plunges to 27-month low vs dollar

Sterling plunged to a 27-month low against the dollar on Tuesday (July 16) and hit new six-month lows versus the euro as the two...
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New designs, new strategy pay off for Burberry

Burberry shares jumped Tuesday on signs that new designs and a shift upmarket are reaping dividends for the British fashion brand. Julian Satterthwaite reports. Peoples...
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Tesla drops some models, simplifies pricing to drive sales

Tesla Inc has dropped the standard-range variants of its Model X and Model S from its product lineup and adjusted prices across its range,...
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Ryanair cuts 2020 passenger forecast, fearing Boeing MAX delays

Europe's largest budget airline Ryanair has cut its forecast for passenger numbers next summer, blaming possible further delays in deliveries of Boeing 737 MAX...
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Pick up cheap bank stocks – Scherrer

Just after Citigroup released its earnings, Smead Capital Management's Tony Scherrer told Reuters' Fred Katayama bank stocks are alluring at cheap prices. Peoples are using...
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S&P 500 closes flat

The benchmark S&P 500 index ended little changed in a choppy session on Monday after Citigroup kicked off the second-quarter earnings season with mixed...
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Earnings rise at Citigroup

Citigroup's quarterly profit and revenue rose and beat expectations Monday as the bank kicked off earnings season for the second quarter. Fred Katayama reports. Peoples...
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Lab-grown steak could soon be on the menu

If it cooks like a steak, smells like a steak and tastes like a steak, it must be a steak - but one that...
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Sports Direct delays results as House of Fraser deal backfires

British retailer Sports Direct has delayed publishing its annual results, warning problems integrating its purchase of House of Fraser stores and increased scrutiny of...
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Mnuchin defends indefinite delay of Tubman $20

U.S. Treasury Secretary Steve Mnuchin said on Monday that the department's decision to indefinitely delay the redesign of the $20 bill to include the...
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Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows

Bitcoin slumped more than 10% over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting scrutiny of...
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U.S. Treasury has 'serious concerns' over Libra

U.S. Treasury Secretary Steve Mnuchin said on Monday that the Treasury department has serious concerns that Facebook Inc's proposed Libra cryptocurrency could be misused...
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Exclusive: U.S. firms may get nod to restart Huawei sales in...

The U.S. may approve licenses for companies to re-start new sales to Huawei in as little as two weeks, according to a senior U.S....
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AB InBev shares slide after demise of IPO plans

AB InBev shares fell Monday after the demise of its planned Hong Kong IPO. Julian Satterthwaite reports. Peoples are using these keywords: Worlds largest brewer,...

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