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U.S. companies say consumer still strong even as broader outlook dims

5 minutes ago   |   Reuters

Walmart became the latest company to point to a strong U.S. consumer, adding to a raft of firms in recent weeks citing healthy demand at a time when spending is seen as an...
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Alibaba gets strong demand for $13.4 billion Hong Kong listing: sources

5 minutes ago   |   Reuters   |   2 articles

Alibaba's order books for its $13.4 billion Hong Kong share sale have already been covered "multiple times," sources with direct knowledge of the matter said on Friday, as the...
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A chip on its shoulder? EU files WTO complaint against Colombia

37 minutes ago   |   Reuters

The European Union filed a complaint at the World Trade Organization on Friday against Colombia over duties imposed on frozen potato fries from Belgium, Germany and the...
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Alibaba's $13.4 billion bookbuild covered multiple times: sources

57 minutes ago   |   Reuters   |   2 articles

Alibaba's $13.4 billion institutional bookbuild for its Hong Kong listing is already covered "multiple times," according to a message sent to investors and verified by sources...
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China's JD.com beats quarterly revenue estimates, shares rise

1 hour ago   |   Reuters

China's JD.com Inc beat analysts' estimates for quarterly revenue on Friday, boosted by stronger sales in its core e-commerce business, sending its shares up nearly 7% before...
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U.S. trade groups raise alarm over Canadian digital services tax

2 hours ago   |   Reuters

More than a dozen U.S. trade groups and the U.S. Chamber of Commerce on Friday urged the Trump administration to block a French-style digital services tax proposed by Canadian...
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Automakers around world await Trump tariff decision

2 hours ago   |   Reuters

Automakers around the world are awaiting a decision from U.S. President Donald Trump on whether he will impose up to 25% tariffs on U.S. car and auto part imports after a...
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U.S.-China trade hopes revive stocks, protests leave scars

3 hours ago   |   Reuters

Hopes of a trade deal between Washington and Beijing turned world stock markets and other risk assets higher on Friday, though an escalating wave of global protests from Hong...
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Hong Kong confirms economy fell into recession amid protests, trade war

3 hours ago   |   Reuters

Hong Kong sank into recession for the first time in a decade in the third quarter, government data confirmed on Friday, weighed down by increasingly violent anti-government...
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Oil rises amid optimism over OPEC supply cuts, hopes on U.S.-China trade

4 hours ago   |   Reuters

Oil prices gained on Friday after OPEC's forecast for oil demand next year fueled hopes that the producer group and allies will maintain supply cuts when they meet to discuss...
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SoftBank is reportedly holding up a big chunk of its $9.5 billion bailout of...

SoftBank is reportedly holding up a big chunk of its $9.5 billion bailout of WeWork - and it's causing 'lots of anxiety'

WeWork is still waiting for a big chunk of the $9.5 billion bailout it agreed with SoftBank, according to The Real Deal . SoftBank has postponed a $3 billion tender offer... Read more ...

Multiple victims injured in California high school shooting; police are...

Multiple victims injured in California high school shooting; police are hunting for the gunman

Multiple people were injured in a shooting at a California high school Thursday morning. Authorities said they were searching for a male, Asian suspect wearing black... Read more ...

‘Barbaric behavior beyond the line': HK justice secretary sustains arm...

‘Barbaric behavior beyond the line': HK justice secretary sustains arm injury as angry mob attacks her in London

Dozens of supporters of the Hong Kong anti-government protest ganged up on a visiting member of the city's government while she was visiting London to promote a Chinese... Read more ...

Amazon just made its first official challenge to Microsoft's $10 billion...

Amazon just made its first official challenge to Microsoft's $10 billion JEDI cloud contract win over claims of ‘unmistakable bias'

Amazon made its first formal action against Microsoft's victory in the battle for a $10 billion Pentagon cloud contract. The Pentagon selected Microsoft on Oct. 25 for the... Read more ...

Who's scheduled to publicly testify next in Trump's impeachment hearings

Who's scheduled to publicly testify next in Trump's impeachment hearings

The impeachment inquiry into President Donald Trump has officially moved into its public phase, and witnesses in the inquiry are beginning to testify in an open session before... Read more ...

Trump advisor Stephen Miller faces increasing pressure to resign after...

Trump advisor Stephen Miller faces increasing pressure to resign after reports that he shared white nationalist links with a Breitbart editor

White House advisor Stephen Miller is facing increasing pressure to resign after new leaked emails showed him exchanging links to white nationalist websites with a Breitbart... Read more ...

Trump raises $3.1 million on first day of public impeachment hearings

Trump raises $3.1 million on first day of public impeachment hearings

President Trump is raking in money as the impeachment inquiry against him goes public - netting $3.1 million in donations on the first day of televised hearings on Capitol... Read more ...

Walmart employees in El Paso, including one who saved dozens in mass...

Walmart employees in El Paso, including one who saved dozens in mass shooting, are back at work after the store reopens

The Walmart store in El Paso, Texas, where 22 people died in a mass shooting was reopened on Thursday. The store had been closed since the shooting happened in August. "It's... Read more ...

Walmart expects a strong holiday season, and it's sending shares to their...

Walmart expects a strong holiday season, and it's sending shares to their highest level all year

Walmart reported third-quarter fiscal 2020 earnings before market open Thursday. Shares rose as much as 3.5% in early trading, setting up Walmart to open at its highest price... Read more ...

Facebook just signed a lease for a massive new office in New York City's $25...

Facebook just signed a lease for a massive new office in New York City's $25 billion neighborhood, Hudson Yards

Facebook has signed a lease for a new office space within the Hudson Yards development in New York City. Facebook will lease over 1.5 million square feet of office space across... Read more ...