Category: Finance

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Trump Prone to Impose Stiff Steel, Aluminum Tariffs

President Donald Trump is set to announce steep tariffs on steel and aluminum imports Thursday, people familiar with the matter said, in what would be one of his toughest actions yet to implement a hawkish trade agenda that risks antagonizing friends and foes alike. Trump told aides he wants to announce tariffs of 25 percent on…

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Dow slides 200 facets, heading within the correct direction to snap longest monthly grab rush since 1959

U.S. stocks fell sharply in choppy trade Wednesday, giving up earlier gains, as Wall Street wrapped up a volatile month for the major averages. The Dow Jones industrial average closed 380.83 points lower at 25,029.20, with Caterpillar as the worst-performing stock in the index. More than half of the day’s losses came in the final…

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Spotify, the song streaming service that’s crushing Apple Tune, merely filed to switch public in a in point of fact odd intention

Spotify CEO Daniel Ek Andrew Burton/Getty Spotify filed the paperwork to list shares on the New York Stock Exchange. The company is planning to do a “Direct IPO” which bypasses the typical Wall Street process. Spotify is the largest music streaming service with 71 million paid suscribers, but rival Apple is catching up fast. Spotify…

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Dick’s to discontinuance selling assault-vogue rifles

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Summers Warns Next U.S. Recession Would possibly per chance presumably also Live for plenty longer than Old One

The next U.S. recession could drag on longer than the last one that stretched 18 months. That’s the assessment of former Treasury Secretary Larry Summers. With the economy in its ninth year of expansion, even if one were to take a hawkish view of upcoming Federal Reserve tightening, it would be some time before the…

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Is Chinese affirm in the serve of Geely’s Daimler swoop?

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Amazon buys Ring, the dapper doorbell maker it backed thru Alexa Fund

Amazon’s spokesperson also confirmed the deal, saying: “Ring’s home security products and services have delighted customers since day one. We’re excited to work with this talented team.” Amazon has been making moves to get into the home security space lately. It partnered with lock manufacturers Kwikset and Yale for its new in-home delivery service, Amazon…