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U.S. Senate Adopts Budget, Giving Momentum to Trump's Tax ...

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The Senate adopted a fiscal 2018 budget resolution Thursday that House GOP leaders agreed to accept, a show of unity aimed at speeding consideration of ...

South Korea's Moon Will Resume Building Nuclear Reactors

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South Korean President Moon Jae-in said he will respect the recommendation of a government panel to resume building two stalled nuclear reactors, a blow to ...

Trump Advisers Are Said to Lean Toward Taylor or Powell ...

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President Donald Trump’s closest advisers are steering him toward choosing either Stanford economist John Taylor or Federal Reserve Board Governor Jerome ...

Asia Stocks to End the Week Lower; Kiwi Holds Loss: Markets Wrap

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N.Z. dollar extends loss after Labour Party forms government Yen firms overnight as all eyes turn to Sunday’s election Stocks in Asia opened lower on the final day of a week that’s seen record levels for global equities as investors assess…

Top Stories in last day

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Forget Hurricanes, Brexit and Kim's Missiles: Earnings Are ...

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Demand from China, rising crude oil prices help lift earnings Companies around the world faced hurricanes, the U.K.’s messy divorce from the European ...

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Arkansas City Sends Amazon a Dear John Letter Instead of a ...

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‘It’s not you, it’s us.” So began a full-page ad in today’s Washington Post, signed with love from Little Rock, Arkansas. It was an open letter ...

Puerto Rico's Back-Up Power Supply Is Maxed Out

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Back-up diesel generators in Puerto Rico that have provided a lifeline for hospitals and other critical facilities in the aftermath of Hurricane Maria are ...

23

Trump Tax Plan Has No Shot of Passing in 2017, Obama ...

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There’s no chance that President Donald Trump and GOP leaders will be able to overhaul the U.S. tax code this year, but they may be able to pass a bill ...

22

Tillerson Vows to Stay On Until He’s ‘No Longer Needed’ by ...

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U.S. Secretary of State Rex Tillerson vowed to remain in his post despite some public differences with President Donald Trump and said he ignores criticism ...

21

Global Investors Brace for a Cruel New World of Feeble ...

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Investors worldwide face a grim dawn of low returns across debt and equity markets as early as next year, with rich valuations and feeble growth seen ...

18

GOP Considers State Tax Break Bargain on Property Levies

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Republican tax writers are considering a compromise measure that would allow individuals to keep deducting the cost of the property taxes they pay while eliminating a larger tax break for their other state and local taxes, according to a…

17

Puerto Rico Governor to Meet With Trump at the White House ...

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Puerto Rico Governor Ricardo Rossello plans to meet with President Donald Trump Thursday at the White House to discuss funding for the island after ...

Lloyd Blankfein Tweets About Spending ‘A Lot More Time’ in ...

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In a tweet with the hashtag #Brexit, Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein on Thursday hailed “great meetings” he had in ...

16

Stock Traders Wake Up to a Shock of Market Moves

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Shocked traders awoke to find S&P 500 threatening the biggest decline since August’s dog days, recently pared to 0.5 percent. Weighed down by Apple ...

15

Trump to Nominate Simons to Lead FTC, White House Says

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President Donald Trump will nominate Washington antitrust attorney Joseph Simons as chairman of the Federal Trade Commission, the White House said Thursday. Simons, a partner at the law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP,…

13

Want to Protect Your Wall Street Job From Robots? Learn ...

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Goldman Sachs Group Inc. realized it had a problem. For years, the investment bank recruited top coders to help its army of traders execute strategies with ...

12

Pakistan Anti-Corruption Court Charges Ex-Premier Nawaz ...

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A Pakistani court indicted former Prime Minister Nawaz Sharif on corruption charges related to the purchase of London flats, adding to political turmoil ...

Congress Is Inching Closer to a Shutdown Over Immigration and Obamacare

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The year's most divisive fights in Congress are set to converge in a bitter partisan clash in December that could result in a U.S. government shutdown. The unresolved battles -- over a wall on the U.S.-Mexico border, immigration, health…

The Opioid Addict on the Trading Floor

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When things got bad for trader Trey Laird, he was drinking alone after work and doing cocaine on the evening train to Connecticut. But his biggest problem was swallowing about 160 milligrams of OxyContin every day. He spent his time high,…

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'Psychopath' Hedge Fund Managers Make Less Money

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Being manipulative and mean isn't the secret to success, a new study by two psychology professors says. By. Ben Steverman. @bsteverman More stories by Ben Steverman. October 19, 2017, 12:00 AM PDT. Maybe the secret to success on Wall…

Thursday, Oct 19

China’s Giant Ball of Money May Be Headed Back to Stocks

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Stock holdings to swell by up to $1.7 trillion by end-2019: MS China has clamped down on many popular investment channels Property, overseas investments and shadow-banking products have all been targeted by China’s campaign to curb…

Stocks Slide From Records as Volatility Bubbles Up: Markets Wrap

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Stocks dropped around the world with disappointing corporate earnings and a report that Apple Inc. was dialing back its orders reversing the sentiment that sent benchmark gauges to record highs the day before. The S&P 500 Index’s 0.3…

Wednesday, Oct 18

Conservatives Are Campaigning Against Yellen's ...

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House conservatives have mounted a campaign to urge President Donald Trump not to reappoint Federal Reserve Chair Janet Yellen, who is expected to meet ...

Deal to Prop Up Obamacare Stalls After Trump's Mixed Signals

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A bipartisan deal to prop up Obamacare exchanges has “stalled out,” a top Senate Republican said Wednesday as President Donald Trump signaled his opposition. Trump had created confusion with conflicting signals on the deal Wednesday until…

Turns Out It Will Be Congress’s Fault When Stocks Crash

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Don’t take credit for the stock market, President Donald Trump is often warned, you’ll be blamed when it crashes. Well, maybe that can be avoided, too. With the help, specifically, of Congress, which Treasury Secretary Steven Mnuchin…

Robots Are Coming For These Wall Street Jobs

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Wall Street is entering a new era. The fraternity of bond jockeys, derivatives mavens and stock pickers who've long personified the industry are giving way to algorithms, and soon, artificial intelligence. Banks and investment funds have…

Tuesday, Oct 17

Senators Get Deal to Prop Up Obamacare, Keep Subsidies Trump Cut

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Senators in both political parties say they’ve reached agreement on fixes to stabilize Obamacare just two weeks before Americans start signing up for 2018 coverage. The two-year deal would allow crucial subsidies to health insurers to…

Xi Plans to Turn China Into a Leading Global Power by 2050

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President Xi Jinping warned of “severe” challenges while laying out a road map to turn China into a leading global power by 2050, as he kicked off a twice-a-decade party gathering expected to cement his influence into the next decade. In a…

Nafta Deadlock Forces Ministers to Extend Talks Into 2018

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Nafta talks are switching gears and slowing down as key obstacles emerge, with Canada and Mexico rejecting what they see as hard-line U.S. proposals and negotiators exchanging their strongest public barbs yet. U.S. Trade Representative…

Trump Seeks a Truce Between Republicans to Save Their Tax Plan

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Steve Bannon won’t abandon his war against congressional Republican incumbents, not even after President Donald Trump publicly pleaded for a truce that could salvage the tax overhaul at the heart of his legislative agenda. Trump’s ousted…

Monday, Oct 16

Trump Embraces McConnell in Search of a Tax Win - Bloomberg

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Barely two hours after blaming congressional Republicans for failing him, President Donald Trump gave a Rose Garden embrace to the epitome of the party’s ...

Taylor Impresses Trump for Fed Chairman, Warsh Slips ...

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Stanford University economist John Taylor, a candidate for Federal Reserve chairman, made a favorable impression on President Donald Trump after an hour ...

Billionaire Tom Barrack Throws Harvey Weinstein a Lifeline

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Billionaire investor Tom Barrack is circling the ultimate distressed asset in Hollywood: the movie studio co-founded by Harvey Weinstein. Barrack’s private investment firm, Colony Capital, is offering Weinstein Co. a financial lifeline as…

A ‘Crazy’ Stock Market Is Punishing Sellers

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At Credit Suisse Group AG’s prime brokerage desk in midtown Manhattan, the phone hardly seems to ring anymore. Its hedge fund clients don’t call about Donald Trump’s tweetstorms and the stock market or ask what to do when terrorists attack.

Sunday, Oct 15

What Global Finance Chiefs Are Saying About the Economy

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Don’t celebrate too soon. That was the key message as policy makers and investors left Washington on Sunday after attending the annual meetings of the International Monetary Fund and World Bank. For once the mood was upbeat. The IMF bumped…

Yellen Leads World in Betting Inflation Will Soon Accelerate

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The world's top central bankers predicted inflation won't stay low for much longer as they signaled they will push ahead with plans to gradually tighten monetary policy. Yellen speaks during G30 on Oct. 15. Photographer: Olivier Douliery…

Yellen Calls Inflation the 'Biggest Surprise' in the Economy

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Federal Reserve Chair Janet Yellen said that the U.S. central bank expects to continue to raise interest rates gradually as solid growth, a strong labor market and a healthy global economy lift prices even as she recognized that inflation…

Hurricane Ophelia Takes Aim at Ireland - Bloomberg

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The remnants of Ophelia, the most eastern major Atlantic storm on record, are set to batter Ireland with “extreme” conditions on Monday, leading the ...