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Trump slaps tariffs on China, triggering swift retaliation

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Trade Representative Robert LighthizerRobert (Bob) Emmet LighthizerMcConnell urges GOP senators to call Trump about tariffs Companies brace for trade war MORE said in an interview on Fox Business Network on Friday. Trump said this week he'll confront China "very strongly" over trade in the coming weeks. "China previously identified nearly $1 billion worth of American cotton exports to China as a target, which will hurt American farmers and US textile manufacturers, and add costs to ... Read More »

Hundreds stranded at Charlotte airport because of technical issue

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All flights between GSP and Charlotte Douglas International Airport and some flights between GSP and Philadelphia were canceled. All other flights were showing as on time. Most were flights to and from Charlotte and Philadelphia. The airline did not elaborate on the nature of the problem, and the abrupt cancellations left unwitting travellers with few options other than sleeping in the Charlotte airport terminal, as rental cars quickly sold out. Read More »

Sheriff: 1 Kansas deputy killed, 1 critical in shooting

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He said no other suspects were being sought in the shooting. The Kansas City, Kansas Police Department is now investigating. Police Officer Zac Blair said authorities are reviewing surveillance video . Kansas Governor Jeff Colyer released a statement Friday saying he was deeply saddened to learn of the shooting, and said he and his wife Ruth will be praying for the deputies and their families. Read More »

Theranos founder Elizabeth Holmes charged with fraud

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Theranos's general counsel, David Taylor, has been appointed CEO. Elizabeth Holmes , the founder of the embattled health startup Theranos, on Friday was charged in federal court with wire fraud with prosecutors alleging that the company was a "multi-million dollar scheme to defraud investors". Read More »

Dow falls 250 points as US-China trade wars intensify

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The countries said in a joint statement that China would "significantly increase" purchases of USA agricultural and energy products to reduce the trade imbalance, a top Trump administration demand. "Imposing tariffs places the cost of China's unfair trade practices squarely on the shoulders of American consumers, manufacturers, farmers, and ranchers", said Thomas Donohue, president of the US Chamber of Commerce. Read More »

Nationwide Salmonella outbreak linked to Honey Smacks

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So far, 73 people in 31 states , including Kentucky, have gotten sick. the CDC says it's been linked to Honey Smacks cereal. Twenty-four people have been hospitalized and no deaths have been reported, the CDC said. "Most persons infected with Salmonella develop diarrhea, fever, and abdominal cramps 12 to 72 hours after infection", according to the CDC. The " Best if Used By Date " can be found on the top of the cereal box and the UPC code can be found on the bottom. Read More »

Trump tariffs against China; Spain suffering from tariffs

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But that offer has not been accepted by Trump , people familiar with the matter said. In Beijing on Friday, Chinese foreign ministry spokesman Geng Shuang repeated earlier warnings that all trade talks between China and the USA would be void if Washington imposed trade sanctions. Read More »

OPEC raises Russia's oil output forecast

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OPEC and its allies will discuss the future of their output cut agreement in Vienna on June 22. The oil price will be a critical factor when OPEC and its partners meet in Vienna next week to decide on a possible extension of a production cut deal - which crucially included giant producer Russian Federation - that has been key to the oil price recovery. Read More »

How President Trump factored into Tuesday's primaries

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President Trump takes credit for Mark Sanford's primary loss in SC; the congressman reacts on 'The Story with Martha MacCallum '. The Argentina reference concerned Sanford's extramarital affair with an Argentine woman while he was governor, which he publicly acknowledged in 2009. Read More »

Microsoft to apply its AI technologies to retail checkout

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The latter, along with half a dozen others, are already Microsoft partners building their own checkout-free services or related technology on Microsoft's cloud. While there's only one shop in the world where this is now in action, if this is where retail is headed, companies don't want to be left behind: it would be very surprising if it were just Amazon and Microsoft examining this space. Read More »

$60/Hour Needed To Afford 2-Bedroom San Francisco Apartment

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Nationally, one would have to earn $17.90 an hour to afford a modest one-bedroom apartment or $22.10 an hour for a two-bedroom rental. The study looks at how much money full-time workers need to earn to afford housing without spending more than 30 percent of their income - known as a housing wage. Read More »

Toyota invests $1 billion in ride-hailer Grab

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Honda also invested in Grab in a partnership aimed at expanding motorcycle-hailing operations in Southeast Asia. Grab identified Toyota as a lead investor in the ride-hailing company's ongoing financing round. Grab says that this investment allows it to further expand its range of O2O services, such as GrabFood and GrabPay, deeper into the region. Reports in April said German automaker Volkswagen (VLKAY) and China's Didi were exploring a joint venture tied to ride-hailing as well as ... Read More »

Trump tariffs to focus on high-tech gear

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Trump also hinted at the possibility of withdrawal of American troops from the Korean Peninsula in the near future. "It's a huge win for China", Bonnie Glaser, director of the China Power Project at CSIS, told CNN. Businesses are lobbying to shape the final USA list, with many firms pushing for exclusions for products they use in their supply chains. "Washington would likely redeploy any freed up troops and equipment to other bases in Asia, most likely Japan and in rotations through ... Read More »

To build high-speed commuter system in Chicago

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Musk and Chicago Mayor Rahm Emanuel are expected to announce the proposal on Thursday in Chicago, the Tribune reported. Yahoo Finance's Stephanie Sy, Dion Rabouin and Ethan Wolff-Mann discuss. City officials said it would be able to handle 2,000 passengers per hour in each direction, with departures as frequently as every 30 seconds. As such, Musk's Boring Company says that a journey from Block 37 in downtown Chicago to O'Hare will be three to four times faster than existing transport ... Read More »

Kim summit drew global reaction, with many expressing cautious hope

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South Korean President Moon Jae-in, whose efforts were crucial in bringing Trump and Kim together, said there would be no turning back on an agreement that held out the prospect for lasting peace on the peninsula. Today, the NBA Hall of Famer is making headlines for a freaky, emotionally-charged interview on CNN in which the man formerly known as "The Worm" weeped with joy while discussing the highly-publicized Trump-Kim Summit . Read More »

The Tesla Roadster's SpaceX package will replace the back seats with rockets

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Tesla CEO Elon Musk has revealed in a recent announcement that the automaker's forthcoming super auto - the next-generation Roadster - will feature an "Augmented Mode" which will enable the drivers to handle the vehicle's power. At the moment, Autopilot is limited to Level 2 automation. The role of Autopilot in some accidents involving Tesla vehicles has raised some controversies about the technology. Read More »

Bitcoin prices were manipulated

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The findings add to the growing concerns that Tether was used to artificially inflate Bitcoin for the benefit of a small group of big cryptocurrency holders, putting the rest of the market at risk. "These effects are present only after negative returns and periods following the printing of tether ". Both Tether and Bitfinex have regularly come under suspicion over price manipulation in recent months. Read More »

IPhone X Plus Design Scheme Leaks Reveal Triple Camera Setup

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The triple lens rear camera is said to come with 3D sensing and improved zoom functionality. A new model that is expected to follow the design of the iPhone X but with a 6.5-inch OLED display and, according to the filtered design schemes, an exclusive triple camera setup. Read More »

Fed Raises Interest Rates, Signals 2 More Hikes This Year

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The central bank's new median forecast projects the Fed's benchmark rate at 3.1 percent by the end of 2019, up from 2.9 percent in the previous forecast. In addition to a new dot plot, the Fed updated its forecasts for economic growth and inflation. "In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realised and expected economic conditions relative to its maximum employment objective and its symmetric 2 ... Read More »

Peter Navarro's apology to Justin Trudeau for 'hell' remark

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Freeland reiterated Canada's opposition to the tariffs after a meeting this afternoon with the influential U.S. Senate foreign relations committee in Washington. Donald Trump will eventually drop the sanctions in order to scoop up the real estate, and there's going to be a lot of people on both the Left and Right who look really stupid for giving Donald Trump any credit for embracing our enemies and alienating our allies. Read More »

Dixons Carphone reveals it has uncovered unauthorised access of customer’s data

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While the actual breach might have taken place past year in July, questions remain about when the United Kingdom retailer learned of the incident. The UK Information Commissioner's Office said it was aware of the data breach . These figures make it one of the largest data breaches involving a United Kingdom company, emerging just weeks after the GDPR data-protection legislation came into effect. Read More »

UBER to ID drunk Riders

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It could also prevent the passenger from joining shared rides. "Predicting user state using machine learning", is how the company succinctly describes their latest technological endeavour. "It could lead to the possibility of some drivers avoiding drunk passengers and in the worst cases 'drunk hunting". By knowing this information, a driver may be warned of their passenger's state - even before they pick them up. Read More »

Fed raises interest rates again

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Since Ben Bernanke, the former Fed chairman, started pressers in April 2011, they've been held once every quarter. He'll likely address the decision to hike rates and the Fed's views on the overall economic outlook. After years in which the economy expanded at roughly a tepid 2 percent annually, growth could top 3 percent this year. The unemployment rate is 3.8%, the lowest since 2000 and tied for the lowest reading since 1969. Read More »

Trump, Kim commit to 'complete denuclearization' of Korean Peninsula

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But he noted that the "war games" with South Korea that Trump said he will end, will continue if the North Korean leader doesn't follow through on his commitments. Trump, seemingly unprompted, has long wanted to withdraw the US from South Korea, and now he may have found a reason. That's a long time for these big massive planes to be flying to South Korea to practice and then drop bombs all over the place and then go back to Guam. Read More »

New York City suspends Uber driver's license for booting kissing women

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It was during the ride just over the Manhattan Bridge when the couple says the incident began. The recording began as one of the women asked the driver, who had exited the auto, what the issue was. El Boutari told the Daily News that the couple had been acting "crudely" in his vehicle even before the kiss. Alex Iovine and Emma Pichl say they were kicked out of an Uber after sharing a kiss in the back seat. Read More »

Trump eyes oil prices: ‘OPEC is at it again’

LONDON-Oil prices edged lower Wednesday, as traders appeared to discard fresh signs of robust demand and kept their eyes fixed on OPEC's gathering next week. Prices have risen around 60 per cent over the previous year. But the Paris-based IEA, echoing statements from oil producers as well as analyst comment in recent weeks, said there may be a change to the so-called Vienna agreement. Read More »

Donald Trump's ZTE deal poised for Senate rollback

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If it passes, Trump would be forced to sign the law himself, as he would be unable to separate the popular defense bill from the ZTE sanctions. The ban, which has prevented ZTE from buying the US components it relies on to make smartphones and other devices, will not be lifted until ZTE pays a fine and places $400 million more in an escrow account in a USA -approved bank. Read More »