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The surprise tariffs President Donald Trump announced Thursday against $300 billion or so of Chinese goods takes the trade dispute between the two countries to a new level, even though in dollar terms it doesn’t amount to a whole lot. The president’s announcement jolted markets, which had bounced back sharply off Wednesday’s disappointing Fed rate
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Person Getty Smart, sensible and empowering. That’s how I describe – Trust Your Doctor, but Not That Much – Be Your Own Best Healthcare Advocate. Reina S. Weiner, the author of this new book, takes all of us on a journey to discover how to take control of our healthcare. She’s written a guide to
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Concept rendering of Universal Orlando Resort’s newest theme park: Epic Universe. NBC Universal Universal Studios Resort is adding another theme park to its roster. Parent company Comcast revealed Thursday that it would be building Universal’s Epic Universe, a major expansion in Orlando, Florida that includes hotels, restaurants and shops. The news comes just as Disney
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A customer smokes British American Tobacco Plc’s Glo smokeless tobacco device in Tokyo, Japan, June 26, 2017. Akio Kon | Bloomberg | Getty Images British American Tobacco beat first-half sales forecasts on Thursday, helped by higher demand for e-cigarettes, and predicted a stronger performance in the second half as it focuses on a smaller number
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Likely Federal Reserve nominee Judy Shelton compared the current situation involving the U.S. central bank and its global counterparts to the 1930s as the world struggled through the Great Depression. Shelton referred to the central banks lowering rates and devaluing their respective currencies to undercut competitors. The Fed lowered its benchmark interest rate by a
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Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., on Wednesday, July 31, 2019. Andrew Harrer | Bloomberg | Getty Images Two words from Federal Reserve Chairman Jerome Powell — “midcycle adjustment” — may have briefly roiled financial markets, but
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Shoppers at an outlet mall exit an Adidas store on May 21, 2019 in Los Angeles. Photo credit: FREDERIC J. BROWN/AFP/Getty Images AFP/Getty Images The economic benefits of the Tax Cuts and Jobs Act (TCJA) seem to have petered out.     The US economy grew robustly in late 2017, perhaps partly due to expectations for
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South Korean President Moon Jae-in walks past Japanese Prime Minister Shinzo Abe at the G-20 summit in Osaka, Japan, on June 28, 2019. Kim Kyung-Hoon | Bloomberg | Getty Images South Korea’s foreign minister warned on Thursday that if Japan removes South Korea from its list of countries with minimum trade restrictions, Seoul would have
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The Fitbit Ionic has a few apps, with more to come Erin Black | CNBC Shares of Fitbit cratered as much as 21% after hours on Wednesday after the company cut guidance for the next quarter in its second quarter earnings report. The stock rebounded slightly but was still down more than 11%, which is
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Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Traders now see a bigger chance of another rate cut by the Federal Reserve in September after it lowered interest rates for the first time since 2008 and hinted at further accommodation. The fed funds futures market now points to
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