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Following health care defeat, Trump pivots to tax reform

In Business, Government, Healthcare, Video by PBS NewsHourLeave a Comment

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Soon after the Republican health care bill was pulled on Friday before any vote could take place, President Trump indicated he would shift focus to tax reform. But how will that process begin, and what challenges lie ahead? Wall Street Journal reporter Nick Timiraos joins Hari Sreenivasan from Washington, D.C., to discuss what comes next.

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More big brands pull ads from YouTube in widening boycott

In Business by Newsday Technology NewsLeave a Comment

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FILE – This March 18, 2010, file photo shows the YouTube website in Los Angeles. An advertising boycott of YouTube is broadening in a sign of the skepticism surrounding Google’s promise to prevent marketing campaigns from appearing alongside repugnant videos. PepsiCo, Wal-Mart Stores and Dish Network became the latest companies to suspend their advertising on YouTube after The Wall Street Journal found Google’s automated programs placed their brands on five videos containing racist content. Even though the defections are continuing, most analysts aren’t worried yet. Starbucks and General Motors also joined in the YouTube boycott Friday, March 24, 2017. (AP Photo/Richard Vogel, File) (Credit: AP) (AP) — An advertising boycott of YouTube is broadening, a sign that big-spending companies doubt …

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Stocks sink as health care bill woes challenge Trump agenda

In Business, Finance, Government, Healthcare by Newsday Technology NewsLeave a Comment

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In this Jan. 12, 2017, photo, traders work on the Mizuho Americas trading floor in New York. Stocks are opening higher on Wall Street, on Friday, March 24, 2017, led by gains in technology companies and banks. (AP Photo/Mark Lennihan) (Credit: AP) (AP) — U.S. stocks are falling as the struggling Republican health care bill again dominates investors’ attention. House Republicans say the proposal doesn’t have enough support to pass in a vote this afternoon. That’s casting some doubt on President Donald Trump’s business-friendly agenda and stocks are on track for their biggest weekly loss since the presidential election. KEEPING SCORE:… Content Preview This content is exclusive for Optimum, Time Warner® and Comcast® customers with access to News 12. Already …

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Wall Street on edge over health care bill

In Business, Healthcare, Mobile Technology, Video by CBS NewsLeave a Comment

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Investors on Wall Street appear to be nervous about the impending health care bill vote. Bloomberg Business reporter Dani Burger joins CBSN with more on how markets are reacting. Subscribe to the “CBSN” Channel HERE: http://bit.ly/1Re2MgSWatch “CBSN” live HERE: http://cbsn.ws/1PlLpZ7Follow “CBSN” on Instagram HERE: http://bit.ly/1PO0dkxLike “CBSN” on Facebook HERE: http://on.fb.me/1o3Deb4Follow “CBSN” on Twitter HERE: http://bit.ly/1V4qhIu Get the latest news and best in original reporting from CBS News delivered to your inbox. Subscribe to newsletters HERE: http://cbsn.ws/1RqHw7T Get your news on the go! Download CBS News mobile apps HERE: http://cbsn.ws/1Xb1WC8 Get new episodes of shows you love across devices the next day, stream local news live, and watch full seasons of CBS fan favorites anytime, anywhere with CBS All Access. Try …

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US stocks higher in early trading Friday

In Business, Emerging Technology, Finance, Government, Healthcare by Long Island Business NewsLeave a Comment

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Stocks are opening slightly higher on Wall Street, led by gains in technology companies and banks. Chipmaker Micron Technology surged 11 percent in early trading Friday after reporting results that were much better than analysts were expecting. Investors were keeping a close eye on Washington, where a vote was expected later in the day on the Republican-backed health care reform bill. The Standard & Poor’s 500 index rose 5 points, or 0.2 percent, to 2,351. The Dow Jones industrial average gained 38 points, or 0.2 percent, to 20,695. The Nasdaq composite gained 26 points, or 0.5 percent, to 5,843. Share this:

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Stocks climb, led by banks; health care debate continues

In Business, Finance, Government, Healthcare by Newsday Technology NewsLeave a Comment

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FILE – In this Friday, Nov. 13, 2015, file photo, the American flag flies above the Wall Street entrance to the New York Stock Exchange. U.S. stocks are treading water early Thursday, March 23, 2017, as investors wait for news about the fate of the Republican-backed health care bill, a centerpiece of President Donald Trump’s business-friendly agenda of cuts to taxes and regulations and greater infrastructure spending. (AP Photo/Richard Drew, File) (Credit: AP) (AP) — U.S. stocks are broadly higher Thursday as banks recover some ground thanks to an upturn in bond yields, which will make lending money more profitable by forcing interest rates on loans higher. Google’s parent company, Alphabet, leads technology stocks lower as a number of companies …

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Trump SEC pick assures that his Wall St. work not problem

In Business, Government, Legal by Newsday Technology NewsLeave a Comment

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Securities and Exchange Commission (SEC) Chairman nominee Jay Clayton is sworn-in on Capitol Hill in Washington, Thursday, March 23, 2017, prior to testifying at his confirmation hearing before the Senate Banking Committee. (AP Photo/Pablo Martinez Monsivais) (Credit: AP) (AP) — President Donald Trump’s nominee to lead the Securities and Exchange Commission, attorney Jay Clayton, sought to assure lawmakers that he’ll show no favoritism and act only in the public interest, as his Wall Street connections were scrutinized at his Senate confirmation hearing Thursday. Clayton, a partner in the prominent law firm Sullivan & Cromwell, has done significant legal… Content Preview This content is exclusive for Optimum, Time Warner® and Comcast® customers with access to News 12. Already registered or an …

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Banks lead stocks higher; health care debate continues

In Business, Emerging Technology, Finance, Government, Healthcare by Long Island Business NewsLeave a Comment

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U.S. stocks are mostly higher Thursday as bank stocks recover some ground thanks to an upturn in bond yields, which will make lending money more profitable. Google’s parent company, Alphabet, leads technology stocks lower as a number of companies say they will stop advertising on YouTube. KEEPING SCORE: The Standard & Poor’s 500 index rose 5 points, or 0.2 percent, to 2,354 as of 11 a.m. Eastern time. The Dow Jones industrial average added 41 points, or 0.2 percent, to 20,702. The Nasdaq composite rose 12 points, or 0.2 percent, to 5,833. The Russell 2000 index, which tracks smaller companies, gained 12 points, or 0.9 percent, to 1,357. Three-fourths of the stocks on the New York Stock Exchange were rising. …

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Wall Street’s New Trick to Dodge Trump-Induced Stock Swings

In Business, Finance, Government, Healthcare by Wired NewsLeave a Comment

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By now you’ve seen how President Trump can move a market. He sends stocks soaring or sinking depending on what new nuggets his itchy Twitter fingers dash off on any given Saturday morning. That impulsiveness is already forcing bottom line-conscious businesses to kick their brand management into overdrive. Now a new online tool aims to help Wall Street hedge its bets in the face of a new and always unpredictable administration. It’s called—yes—Trump Tracker. Research firm Sentieo built Trump Tracker out of an existing product that enables hedge fund managers to scan public filings and receive instant, automated alerts for keywords. A manager with holdings in Ford, for instance, might want to set alerts for the term “autonomous vehicle” to …

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European shares fall, Asia gains as US healthcare vote looms

In Business, Government, Healthcare by Newsday Technology NewsLeave a Comment

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A man looks at an electronic stock indicator of a securities firm in Tokyo, Thursday, March 23, 2017. Shares were modestly higher Thursday in Asia after Wall Street steadied overnight. Investors are awaiting a vote in the U.S. Congress on health care legislation that is seen as a bellwether for the capacity of the administration of U.S. President Donald Trump to deliver on campaign promises for tax and regulatory reform. (AP Photo/Shizuo Kambayashi) (Credit: AP) (AP) — Global shares were mixed Thursday, as European benchmarks edged lower after a day of gains in Asia. Investors are awaiting a vote in the U.S. Congress on health care legislation that is seen as a bellwether President Donald Trump’s ability to deliver on …

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Trump's SEC pick, a lawyer for Goldman, to face skepticism

In Business, Government, Legal by Newsday Technology NewsLeave a Comment

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FILE – In this Tuesday, Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. Goldman Sachs may be about to get another friend in Washington. Jay Clayton, a well-connected Wall Street lawyer who is President Donald Trump’s pick to lead the Securities and Exchange Commission, is sure to face sharp questions from Democrats in his Senate confirmation Thursday, March 23, 2017, over his years of work for Goldman and other financial giants. (AP Photo/Richard Drew, File) (Credit: AP) (AP) — Goldman Sachs may be about to get another friend in Washington. Jay Clayton, a well-connected Wall Street lawyer who is President Donald Trump’s pick to …

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Wall Street Trader Outlines Market Trends Ahead Of Health Care Vote

In Business, Finance, Healthcare by National Public RadioLeave a Comment

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The stock market is reacting to news out of Washington, D.C., about the fate of health care legislation and other items on the White House agenda. NPR’s Kelly McEvers talks with trader Ted Weisberg about trends on Wall Street.

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Has Paul Ryan Suckered Donald Trump Into Making Health Care His Top Priority?

In Business, Government, Healthcare, Legal by New YorkerLeave a Comment

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If Paul Ryan’s health-care bill goes down, it would be a grave embarrassment for Trump, but, in the long term, enacting the legislation could be much more damaging.CreditPHOTOGRAPH BY BILL CLARK / CQ ROLL CALL / GETTY If there was any doubt that Donald Trump and Paul Ryan are now fully conjoined, Trump’s visit to Capitol Hill on Tuesday morning resolved it. After the President tried to cajole and bully the Republican congressmen into voting for their leaders’ controversial plan to replace Obamacare, Ryan praised Trump lavishly, saying he “came here and knocked the ball out of the park . . . in explaining to our members how it’s important to unify, how it’s important to work together, how we are advancing …

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Tech stocks lead US indexes mostly higher midday Wednesday

In Business, Emerging Technology, Events, Finance, Government, Healthcare, Science & Nature by Long Island Business NewsLeave a Comment

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U.S. stock indexes are turning mostly higher at midday Wednesday as technology companies rise and investors react to another drop in bond yields by buying high-dividend utility companies. Energy companies are declining with the price of oil. However more stocks are down than up as the market comes off its biggest loss in five months. KEEPING SCORE: The Standard & Poor’s 500 index picked up 4 points, or 0.2 percent, to 2,348 as of noon Eastern time. The Dow Jones industrial average fell 10 points, or 0.1 percent, to 20,657, dragged down by a steep fall in Nike. The Nasdaq composite rose 21 points, or 0.4 percent, to 5,815. The Russell 2000 index of smaller companies sank 5 points, or …

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LinkedIn Tries to Do Trending News in a Non-Disastrous Way

In Business, Finance, Government, Healthcare by Wired NewsLeave a Comment

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You’d think internet companies would want to stay far, far away from “trending” news, given one Menlo Park-based social giant’s unfortunate history. But LinkedIn has decided to try. The Microsoft-owned company doesn’t criticize Facebook directly. But its pitch for its new feature clearly telegraphs that it intends to avoid the pitfalls into which Facebook stumbled. LinkedIn’s Trending Storylines will start appearing in the US today and to international users soon after. A new “trending” tab will appear on mobile homescreens and on the top right-hand side of the LinkedIn homepage. As befits a social network that specializes in professional connections, the links will focus on business news—technology, health care, and finance to start. Facebook’s troubles really began after disgruntled contractors …

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Global shares tumble on jitters over Trump reform agenda

In Business, Finance, Government, Healthcare by Newsday Technology NewsLeave a Comment

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A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Wednesday, March 22, 2017. Shares fell in Asia early Wednesday after U.S. stocks took their biggest loss in five months. The sell-off overnight on Wall Street was spurred by obstacles to a health care bill backed by President Donald Trump that also raised questions over prospects for his agenda of boosting growth by cutting taxes and regulations. (AP Photo/Lee Jin-man) (Credit: AP) (AP) — Global stock markets fell Wednesday, with Tokyo tumbling more than 2 percent, as jitters over U.S. President Donald …

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Stocks tumble as banks, industrials take broad losses

In Business, Finance by Newsday Technology NewsLeave a Comment

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In this Jan. 12, 2017, photo, traders work on the Mizuho Americas trading floor in New York. Technology companies are leading stocks slightly higher in early trading on Wall Street, Tuesday, March 21, 2017. (AP Photo/Mark Lennihan) (Credit: AP) (AP) — U.S. stocks are on track for their biggest loss this year as banks tumble and industrial companies such as transportation stocks take large losses. Small-company stocks are falling more than the rest of the market. KEEPING SCORE: The Standard & Poor’s 500 index tumbled 24 points, or 1 percent, to 2,349 as of 1:37 p.m. Eastern time. It hasn’t taken a loss that large since October…. Content Preview This content is exclusive for Optimum, Time Warner® and Comcast® customers …

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The Problem with Steve Bannon’s Story About His Father

In Business, Finance, Government by New YorkerLeave a Comment

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The self-created mythology of the White House adviser Steve Bannon does not hold up to rational scrutiny.CreditPHOTOGRAPH BY JONATHAN ERNST / REUTERS Steve Bannon is the keeper of the secret formula—that peculiar and potent mix of aggressive bluster and selective empathy—that enabled Donald Trump to be elected. It’s worth remembering how unlikely the success of the formula seemed even a year ago. Before Trump got to Hillary Clinton, and when Bannon was an informal adviser, the candidate mowed down a long list of Republican opponents, without being the biggest spender or having the best organization. That was because the formula worked. It isn’t conventionally liberal or conservative, and it doesn’t have much in common with the standard views of either …

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SoftBank invests $300 million in shared-office space startup WeWork

In Business, Government, Start Up by Venture BeatLeave a Comment

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(Reuters) — SoftBank Group Corp has invested $300 million in shared-office space company WeWork, the first installment of a multi-billion-dollar bet, according to a source familiar with the matter. SoftBank, the Japanese telecommunications and internet company, has made bold and wide-ranging bets in the technology industry, including India ride-service company Ola, San Francisco-based financial services startup SoFi and Virginia-based satellite communications startup OneWeb. The WeWork investment is just the first tranche of a much larger funding round that is expected to total about $3 billion, according to the person familiar with the matter, who spoke on condition of anonymity. While this first round of funding comes from SoftBank itself, the remainder of the cash is expected to come from SoftBank’s …

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USA Today names Joanne Lipman as new top editor

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(AP) — Gannett has named Joanne Lipman as the editor-in-chief of USA Today, one of the country’s biggest newspapers. Lipman has been with McLean, Virginia-based Gannett Co. since December 2015 and will keep her chief content officer position. A former Wall Street Journal reporter and editor, she founded a Conde Nast business magazine, Portfolio, to much fanfare in 2007, shortly before… Content Preview This content is exclusive for Optimum, Time Warner® and Comcast® customers with access to News 12. Already registered or an Optimum customer?Log in

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US indexes end slightly lower Monday

In Business, Emerging Technology, Finance, Healthcare by Long Island Business NewsLeave a Comment

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Stocks are ending mostly lower on Wall Street, led by declines in banks. Bond yields fell Monday, which can hurt profits at banks by pushing interest rates on loans lower. Wells Fargo lost 1.8 percent Monday and Bank of America dropped 1.7 percent. Other sectors ended mixed. Makers of basic materials and consumer goods rose, but health care and phone companies fell. The Standard & Poor’s 500 index lost 4 points, or 0.2 percent, to end at 2,373. The Dow Jones industrial average slipped 8 points, less than 0.1 percent, to 20,905. The Nasdaq composite edged up a fraction to 5,901. Trading was relatively light. Bond prices rose. The yield on the 10-year Treasury note fell to 2.47 percent. Share …

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Petition to keep 'Fearless Girl' statue on Wall Street gains signatures

In Business, Government by ABC 7 NYLeave a Comment

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NEW YORK (WABC) — An online petition to keep the “Fearless Girl” statue on Wall Street permanently has reached more than 19,000 signatures. The Care2 petition says, “Women’s equality is not a temporary issue,” and therefore should not be limited to a day, week or month. The 50-inch tall bronze statue was installed on the eve of International Women’s Day, which took place on March 8. The statue of a girl with her hands on her hips stands across from the “Charging Bull” sculpture on Wall Street. The “Fearless Girl” statue is scheduled to be removed April 2. (Copyright ©2017 WABC-TV. All Rights Reserved.)

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United Airlines NYC Half Marathon street closures

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MANHATTAN, New York (WABC) — The United Airlines NYC Half Marathon kicks off Sunday, March 19. Don’t forget to be aware of street closures along and around the race route. The following is a list of road closures: Formation:– 59th Street between 7th Avenue and 5th Avenue– Grand Army Plaza between 59th Street and 60th Street– Central Park East Drive between 60th Street and 72nd Street– Central Park Center Drive between 59th Street and Central Park East Drive Route:– Central Park East Drive between 72nd Street and 110th Street/Lenox Avenue– 110th Street between Lenox Avenue and Frederick Douglass Circle– Frederick Douglass Circle (Entire Traffic Circle)– Central Park West Drive between Central Park East Drive and 59th Street– 59th Street between …

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Alexa is not coming to an office near you

In Business, Emerging Technology, Government, Mobile Technology, Science & Nature, Start Up by Venture BeatLeave a Comment

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If you’ve recently had your first interaction with a voice-based personal assistant like Amazon’s Alexa or Apple’s Siri, you might get the sense that artificial intelligence is just a few years away from being able to talk and act like a human. It will soon be capable of managing our schedules, troubleshooting technical issues, or even holding conversation. According to a recent Wall Street Journal piece titled “Alexa and Cortana May Be Heading to the Office,” many businesses share that hope. One startup profiled in the piece uses “an Amazon Echo attached to the office ceiling for such tasks as adding events to their calendars,” while another is building a virtual assistant to set meetings on behalf of human users. …

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Can Steve Bannon Save Trumpcare?

In Business, Government, Healthcare, Legal by New YorkerLeave a Comment

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The White House chief strategist, Steve Bannon, in February.CreditPHOTOGRAPH BY PETE MAROVICH / BLOOMBERG VIA GETTY In the White House, Steve Bannon’s office on the first floor of the West Wing is called the war room. Bannon, the Administration’s chief strategist, has cleared out much of the furniture from the room, and on one wall has hung an enormous whiteboard on which he has scrawled every promise that Donald Trump made during the campaign. Bannon and the war room are the heart of the effort to turn Trump’s populist campaign into a policy agenda that can pass Congress or be implemented through executive actions. Ideologically, Bannon is trying to infuse Trumpism with a coherent nationalist “workers’ party” agenda. Trump’s health-care …

Never Mind The Emojis: 'Monopoly' Welcomes The T-Rex, Duck And Penguin

In Business by National Public RadioLeave a Comment

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Enlarge this image Monopoly announced that three tokens are joining the lineup: a T-Rex, a rubber ducky and a penguin. Hasbro hide caption toggle caption Hasbro First, it was the iron. Then, it was the thimble. Now, Monopoly has kicked two more longtime tokens out of the game. Step away, boot. Roll yourself away, wheelbarrow. Hasbro announced today the full results of the public vote that we already knew had voted the thimble off the island (so to speak). They had offered a large collection of potential new tokens, all of which had the chance to displace the existing ones: the hat, the wheelbarrow, the battleship, the dog, the boot, the thimble, the car and the cat that unseated the …

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Nintendo doubles Switch production plans after strong demand: WSJ

In Business, Mobile Technology by The VergeLeave a Comment

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Nintendo doubles Switch production plans after strong demand: WSJ – The Vergeclockmenumore-arrow (function(d) { try { if (localStorage.getItem(‘chorus-fonts-0b50f0674bed2b66b24a77410eb3f99c’) === ‘yes’) { d.documentElement.className += ‘ fonts-loaded’; } } catch (e) {} var fontUrls = [“https://fonts.voxmedia.com/unison/stylesheets/verge.1d37918fdeeb1febc4d68217382a1e72.css”]; var ss = d.styleSheets; for (var i=0; i -1) { ss[i].ownerNode.media = ‘all’; fontUrls.splice(idx, 1); } } if (fontUrls.length > 0) { setTimeout(onload, 0); } } onload(); })(document); var chorusInitQueue=[],volume_embed_host=”https://volume.vox-cdn.com”;var Chorus=Chorus||{};Chorus.windowLoaded=!1,Chorus.AddScript=function(o,n){var t=document.createElement(“script”);t.async=!0,t.type=”text/javascript”,t.src=o,”function”==typeof n&&(t.onload=n);var e=document.getElementsByTagName(“script”)[0];return e.parentNode.insertBefore(t,e),t},Chorus.ready=function(o){“loading”!=document.readyState?o():document.addEventListener?document.addEventListener(“DOMContentLoaded”,o):document.attachEvent(“onreadystatechange”,function(){“loading”!=document.readyState&&o()})},Chorus.OnLoad=function(o){if(Chorus.windowLoaded=!0)return void o();var n=window.onload;”function”!=typeof window.onload?window.onload=o:window.onload=function(){n(),o()}},Chorus.OnLoad(function(){Chorus.windowLoaded=!0}); dataLayer = [{“Network”:”theverge”,”Community”:”theverge”,”GA Primary ID”:”UA-26533115-1″,”GA CrossDomains”:”theverge.com”,”Content ID”:”14720385″,”Entry Groups”:”front-page:games:business:tech:nintendo:culture”,”Author”:”Sam Byford”,”Last Time Updated”:”2017-03-17 04:45″,”Hour of Update”:”04″,”Publish Date”:”2017-03-17 04:43″,”Hour of Publish”:”04″,”Demand Post”:”no”,”All Chorus Categories”:”theverge:theverge:front-page:games:business:tech:nintendo:culture”,”Content Type”:”article”,”chartbeat_domain”:”theverge.com”,”chartbeat_zone”:”172968584/verge”,”chartbeat_authors”:”Sam Byford”,”Logged in Status”:”Logged Out”,”Day of Week”:”friday”,”Hour of Day”:”04″}]; window._umbel = window._umbel || []; (function() { var d = new Date(); d.setDate(d.getDate() + 365); document.cookie = …

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US indexes waver to mixed close

In Business, Emerging Technology, Finance, Healthcare by Long Island Business NewsLeave a Comment

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Stocks ended up little changed on Wall Street after an early morning rally faded away. Health care stocks fell Thursday. Biotechnology drugmaker Biogen gave up 4.7 percent after two analysts downgraded their ratings on the company. Amgen lost 1.3 percent. Technology companies rose. Business software company Oracle surged 6 percent after reporting better earnings than analysts expected. High-end coat maker Canada Goose jumped 26 percent on its first day of trading in the U.S. The Standard & Poor’s 500 index slipped 3 points, or 0.2 percent, to 2,381. The Dow Jones industrial average fell 15 points, or 0.1 percent, to 20,934. The Nasdaq edged up a fraction to 5,900. More stocks rose than fell on the New York Stock Exchange. …

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What Mike Flynn Did for Turkey

In Business, Government, Legal, Security by New YorkerLeave a Comment

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New information about Flynn’s involvement with Turkey raises new questions about his judgment—and about the Administration’s handling of his entanglements.CreditPHOTOGRAPH BY ANDREW HARRER-POOL / GETTY One Friday last July, as members of the Turkish military were staging a coup against President Recep Tayyip Erdoğan, Michael Flynn, the retired lieutenant general who went on to become Donald Trump’s first national-security adviser, gave a speech in Cleveland. The event was organized by a local chapter of ACT for America, a self-described “grassroots national security organization” that regards Muslims with considerable suspicion. “There’s an ongoing coup going on in Turkey right now,” Flynn said in his remarks. “Right now!” The country, Flynn said, was heading “towards Islamism” under Erdoğan, and the military was …

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US stocks edge higher in early trade Thursday

In Business, Emerging Technology, Finance by Long Island Business NewsLeave a Comment

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Stocks are opening modestly higher on Wall Street with the biggest gains going to banks and technology companies. Oracle jumped 8 percent early Thursday after reporting better earnings and revenue than analysts expected as its cloud computing business put up solid gains. Wearable camera maker GoPro soared 11 percent after sticking by its sales forecast and saying it will cut more jobs. The Standard & Poor’s 500 index rose 1 point to 2,386. The Dow Jones industrial average gained 30 points, or 0.2 percent, to 20,979. The Nasdaq rose 5 points, or 0.1 percent, to 5,905. Three stocks rose for every two that fell on the New York Stock Exchange. Share this:

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Tesla to raise $1.15 billion ahead of Model 3 production

In Business, Emerging Technology by Venture BeatLeave a Comment

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(Reuters) — Tesla Inc said on Wednesday it expects to raise about $1.15 billion from a stock and senior notes offering, an infusion of needed capital as the electric car maker enters pre-production of its upcoming Model 3 electric sedan. A capital raise by Tesla has been anticipated since late last year, gaining steam last month after Chief Executive Elon Musk said the company could be “close to the edge” on cash needs. Some Wall Street analysts had predicted that Tesla would seek to raise as much as $2.5 billion in capital. Tesla has repeatedly turned to Wall Street for fresh capital throughout its history. It has had negative cash flow since 2014 and has posted a quarterly profit only …

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Global stocks gain, US dollar weaker after Fed hike

In Business, Finance, Government by Newsday Technology NewsLeave a Comment

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A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, in Seoul, South Korea, Thursday, March 16, 2017. Asian stocks rose Thursday following a U.S. rate hike and a Eurosceptic party’s defeat in Dutch elections. (AP Photo/Lee Jin-man) (Credit: AP) (AP) — Global stocks rose Thursday following a U.S. rate hike and a Eurosceptic party’s defeat in Dutch elections. KEEPING SCORE: In early trading, Germany’s DAX jumped 1.1 percent to 12,147.64 and France’s CAC-40 rose 0.8 percent to 5,028.16. London’s FTSE 100 gained 0.6 percent to 7,410.92. On Wall Street, the future for the Dow Jones industrial average rose 0.3 percent and that for the… …

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Federal Reserve raises rate and sees more hikes as US economy improves

In Business, Finance, Government, Healthcare by ABC 7 NYLeave a Comment

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WASHINGTON — The Federal Reserve has raised its benchmark interest rate for the second time in three months and forecast two additional hikes this year. The move reflects a consistently solid U.S. economy and will likely mean higher rates on some consumer and business loans. The Fed’s key short-term rate is rising by a quarter-point to a still-low range of 0.75 percent to 1 percent. The central bank said in a statement that a strengthening job market and rising prices had moved it closer to its targets for employment and inflation. The message the Fed sent Wednesday is that nearly eight years after the Great Recession ended, the economy no longer needs the support of ultra-low borrowing rates and is …

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Fed hikes key rate for second time in 3 months

In Business, Emerging Technology, Finance, Government, Healthcare by Long Island Business NewsLeave a Comment

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The Federal Reserve has raised its benchmark interest rate for the second time in three months and signaled that any further hikes this year will be gradual. The move reflects a consistently solid U.S. economy and will likely mean higher rates on some consumer and business loans. The Fed’s key short-term rate is rising by a quarter-point to a still-low range of 0.75 percent to 1 percent. The central bank said in a statement that a strengthening job market and rising prices had moved it closer to its targets for employment and inflation. The message the Fed sent Wednesday is that nearly eight years after the Great Recession ended, the economy no longer needs the support of ultra-low borrowing rates …

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Average annual Wall Street bonus rises slightly to $138,210

In Business, Emerging Technology, Government by Long Island Business NewsLeave a Comment

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The average Wall Street banker bonus came to slightly more than $138,000 in 2016, according to data from the New York State Comptroller’s Office. The major banks set aside $23.9 billion for bonuses in 2016, or $138,210 per worker, up 2 percent from a year earlier. Bonuses remain well below than the levels they were in their heydays before the financial crisis, when the average bonus reached as high as $191,360 in 2006. While most Wall Street bankers make a salary, the vast majority of their compensation comes in the form of annual bonuses which reflect how the firm did that year, plus the worker’s contribution. Some bonuses can be as small as a few thousand dollars for low-level support …

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Brain drain

In Business, Government, Mobile Technology, Security by The VergeLeave a Comment

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Genius, which raised $56.9 million on the promise that it would one day annotate the entire internet, has been losing its minds. In January, the company quietly laid off a third of its staff, with the bulk of the cuts coming from the engineering department. In a post on the Genius blog at the time, co-founder Tom Lehman told employees that Genius planned to shift its emphasis away from the annotation platform that once attracted top-tier investors in favor of becoming a more video-focused media company. “After taking a careful look at the company and our priorities,” Lehman wrote, “we’ve had to make some tough decisions about how we want to spend our resources. And unfortunately this meant that today …

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Dad from viral BBC interview calls it a 'comedy of errors'

In Business by ABC 7 NYLeave a Comment

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Robert Kelly spoke out about his viral BBC interview, saying the incident “was chaos for me” and “a comedy of errors.” The professor and Korea expert spoke with The Wall Street Journal about the event, where his 4-year-old daughter and 8-month-old son unexpectedly entered his office as he was participating in a live interview with the BBC about the South Korean president’s resignation. “I mean it was terribly cute,” Kelly told The Wall Street Journal. “I saw the video like everybody else. My wife did a great job cleaning up a really unanticipated situation as best she possibly could … It was funny. If you watch the tape I was sort of struggling to keep my own laughs down. They’re …

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Wall Street 'Fearless Girl' statue gets protection from the elements during snowstorm

In Business, Government, Security by ABC 7 NYLeave a Comment

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FINANCIAL DISTRICT, Manhattan (WABC) — The bronze statue of a defiant little girl staring down the iconic Wall Street charging bull got a little protection from the elements during the snowstorm Tuesday. Someone briefly put an umbrella on the “Fearless Girl” statue, which was installed by State Street Global Advisors for a show of solidarity with demonstrators on International Women’s Day. The umbrella has since been removed. Related: Outrage after man appears to desecrate ‘Fearless Girl’ statue (Copyright ©2017 WABC-TV. All Rights Reserved.)

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Neiman Marcus: Exploring options for company including sale

In Business, Emerging Technology by Long Island Business NewsLeave a Comment

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Luxury retailer Neiman Marcus says it’s exploring strategic alternatives including a sale of the company. The announcement came as the retailer, which also operates Bergdorf Goodman, reported a loss in its second fiscal quarter that ended Jan. 28 and its sixth consecutive quarterly drop for a key revenue measure. Neiman Marcus didn’t specify which retailers it was looking at. The Wall Street Journal reported that the company is in discussions with Hudson’s Bay Co. Neiman Marcus didn’t immediately respond when asked for comment, and Hudson’s Bay says it doesn’t comment on rumors. Neiman Marcus says it has not set up a timetable for completing its evaluation. The chain known for its lavish holiday catalog was bought by Ares Management LLC …

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Murdoch And Trump, An Alliance Of Mutual Interest

In Business, Government, Legal, Start Up by National Public RadioLeave a Comment

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Enlarge this image Candidate Donald Trump and media magnate Rupert Murdoch (center) at Trump International Golf Links in Aberdeen, Scotland, last June. Michal Wachucik/AFP/Getty Images hide caption toggle caption Michal Wachucik/AFP/Getty Images The Trump era has opened with the promise of a White House foothold for media mogul Rupert Murdoch. It looks to be the kind of warm and solicitous reception in the corridors of presidential power that he has long enjoyed abroad. Murdoch has told close associates that the nation’s 45th president calls to confer frequently — as often as multiple times a week — and that he has visited the White House to meet with Trump more than once. “They have been friends for a long time,” White …

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Energy stocks lead Wall Street lower Tuesday

In Business, Emerging Technology, Finance by Long Island Business NewsLeave a Comment

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Energy stocks are leading an early decline on Wall Street as the price of oil takes another turn lower. Marathon Oil slumped 3.9 percent in early trading Tuesday. Murphy Oil dropped 3 percent. Streaming music company Pandora Media slumped 3.5 percent after the company announced it will launch an on-demand music service to compete with Apple Music and Spotify. The Standard & Poor’s 500 index fell 7 points, or 0.3 percent, to 2,365. The Dow Jones industrial average lost 36 points, or 0.2 percent, to 20,846. The Nasdaq composite fell 21 points, or 0.4 percent, to 5,854. More stocks fell than rose on the New York Stock Exchange. Bond prices rose. The yield on the 10-year Treasury note fell to …

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Global stocks drift as investors await Fed meeting

In Business, Finance, Government by Newsday Technology NewsLeave a Comment

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A man walks past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in Tokyo, Tuesday, March 14, 2017. Asian stock markets drifted in slow trading on Tuesday as investors awaited the outcome of the Federal Reserve’s meeting and a batch of economic and political events later this week. (AP Photo/Eugene Hoshiko) (Credit: AP) SEOUL, South Korea – (AP) — Global stock markets drifted in slow trading on Tuesday as investors awaited the outcome of the Federal Reserve’s meeting, and a batch of economic and political events later this week. KEEPING SCORE: Britain’s FTSE 100 added 0.1 percent to 7,373.68 while France’s CAC 40 fell 0.3 percent to 4,984.99. Germany’s DAX lost 0.1 percent to 11,973.58. …

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Non-partisan Committee issues report on GOP's Obamacare replacement plan

In Business, Government, Healthcare, Mobile Technology, Video by CBS NewsLeave a Comment

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According to analysis by the Congressional Budget Office, 24 million people would be left without insurance by 2026 under the GOP’s proposed health care plan. Louise Radnofsky, a White House reporter for the Wall Street Journal joins CBSN to discuss what this could mean for Obamacare customers. Subscribe to the “CBSN” Channel HERE: http://bit.ly/1Re2MgSWatch “CBSN” live HERE: http://cbsn.ws/1PlLpZ7Follow “CBSN” on Instagram HERE: http://bit.ly/1PO0dkxLike “CBSN” on Facebook HERE: http://on.fb.me/1o3Deb4Follow “CBSN” on Twitter HERE: http://bit.ly/1V4qhIu Get the latest news and best in original reporting from CBS News delivered to your inbox. Subscribe to newsletters HERE: http://cbsn.ws/1RqHw7T Get your news on the go! Download CBS News mobile apps HERE: http://cbsn.ws/1Xb1WC8 Get new episodes of shows you love across devices the next day, stream …

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Stocks end mixed on Wall Street Monday

In Business, Emerging Technology, Finance, Government, Healthcare by Long Island Business NewsLeave a Comment

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Stocks are ending mixed on Wall Street in subdued trading ahead of this week’s meeting of Federal Reserve policymakers. Modest gains in materials companies and utilities Monday were offset by declines in health care and consumer goods stocks. Copper miner Freeport-McMoRan rose 1.6 percent, while Merck fell 1.5 percent. Mobileye jumped 28 percent after the Israeli technology company agreed to be acquired by Intel. The Standard & Poor’s 500 index closed up a fraction at 2,373. The Dow Jones industrial average slipped 21 points, or 0.1 percent, to 20,881. The Nasdaq composite rose 14 points, or 0.2 percent, to 5,875. More stocks rose than fell on the New York Stock Exchange. Bond prices fell. The yield on the 10-year Treasury …

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Why so few are worried about likely Fed rate hike this week

In Business, Education, Emerging Technology, Finance, Government, Healthcare by Long Island Business NewsLeave a Comment

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For years after the Great Recession ended, investors fretted — sometimes panicked — over the prospect that the Federal Reserve might begin to raise interest rates from record lows. Now? The Fed seems all but sure to raise rates Wednesday for the third time in 15 months and to signal more hikes probably coming. And the response from investors has been something akin to a yawn. Wall Street appears too busy extending the stock market rally that began with President Donald Trump’s election in November, cheered by the prospect of tax cuts, an easing of regulations and higher spending for infrastructure to worry about a rate hike. Fed watchers, it seems, are more buoyed by expectations for a vigorous economy …

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Canopy raises $20 million and hopes Trump will simplify the tax code

In Business, Government, Legal, Start Up by Venture BeatLeave a Comment

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The deadline to file taxes is coming up, meaning accountants will have a pile of work in the coming weeks. Canopy, a startup that provides software tax professionals use to streamline their work, announced today a new round of $20 million. Certified public accountants (CPAs), enrolled agents, and tax attorneys use Canopy for various purposes. “Canopy is a hybrid of fintech and regtech,” wrote founder and chief executive Kurt Avarell in an email to VentureBeat. From smart tax analytics to online invoicing and Internal Revenue Service (IRS) transcript reporting, the software is versatile. “Professional tax software has been in the stone age for so long that there’s a yearning among accountants for better software and a better experience,” wrote Avarell. “Like …

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Health-Care Reform and Trumpism

In Business, Government, Healthcare, Security by New YorkerLeave a Comment

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Donald Trump ran on upending the traditional Republican agenda, but, at least on domestic policy so far, he’s merely reinforcing it.CreditPHOTOGRAPH BY JIM LO SCALZO / BLOOMBERG VIA GETTY Before Donald Trump came along, there was a lively debate in the Republican Party over the best way to appeal to working-class voters. Mitt Romney’s loss in 2012 energized a faction of conservatives who modestly proposed that a plutocrat running on a message of upper-income tax cuts and deregulation had little to offer voters who were struggling economically. The leading thinkers of the Reformicons, as these conservatives called themselves, included the conservative pundits Yuval Levin, James Pethokoukis, and Ramesh Ponnuru. They argued that “neo-libertarians,” who were too close to the G.O.P.’s wealthy donor …

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Up Close: Former NYPD detective Bo Dietl running for mayor

In Business, Government by ABC 7 NYLeave a Comment

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NEW YORK (WABC) — He’s a former New York cop. A detective with a colorful personality. Bo Dietl says he’s running for mayor of New York City. This week we ask him why he decided to run, and why now, against an increasingly popular Mayor Bill de Blasio. Also, the statue is called “Fearless Girl”. It became all the buzz after last week’s International Women’s Day, appearing on Wall Street facing rather defiantly the “charging bull” of the most powerful financial district in the country. But its message wasn’t surprising. After all a woman came close to becoming president, and that’s now inspiring women of all stripes to get more involved. The Fearless Girl on Wall Street is bringing new …

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Outrage after man appears to desecrate 'Fearless Girl' statue

In Business, Government by ABC 7 NYLeave a Comment

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A social media post that appears to show a man desecrating the ‘Fearless Girl’ statue on Wall Street is going viral. The author of the post says that a guy began acting in a lewd manner towards the statue while his friends cheered him on. The statue was placed on Wall Street earlier this week to promote equality in the workplace. The post caught the attention of New York City’s First Lady, Chirlane McCray, who called it ‘not funny; (Copyright ©2017 WABC-TV. All Rights Reserved.)

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Trump picks former FDA official to head food and drug agency

In Business, Government by Newsday Technology NewsLeave a Comment

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FILE – In this June 11, 2009 file photo, Dr. Scott Gottlieb, left, is seen on Capitol Hill in Washington. A White House official says President Donald Trump is choosing Gottlieb, a conservative doctor-turned-pundit with deep ties to Wall Street and the pharmaceutical industry to lead the powerful Food and Drug Administration (FDA). (AP Photo/Harry Hamburg, File) (Credit: AP) (AP) — President Donald Trump announced Friday that has chosen a conservative doctor-turned-pundit with deep ties to Wall Street and the pharmaceutical industry to lead the powerful Food and Drug Administration. Dr. Scott Gottlieb would be tasked with Trump’s goal of cutting red tape at the FDA, which regulates everything from pharmaceuticals to seafood to electronic cigarettes. Trump has… Content Preview …

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Stocks end mixed on bull’s birthday

In Business, Emerging Technology, Finance, Healthcare by Long Island Business NewsLeave a Comment

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/ Go to Source Article The eighth birthday of the current bull market ended on Wall Street without much of a celebration. Stock indexes ended barely changed Thursday, eight years to the day since the market bottomed out in the depths of the financial crisis. Industrial companies fell as heavy machinery maker Caterpillar continued to slide. Real estate companies also slid. Health care companies rose and banks gained along with bond yields. Wells Fargo rose almost 1 percent. The Standard & Poor’s 500 index edged up 1 point to 2,364. The Dow Jones industrial average was little changed at 20,858. The Nasdaq composite edged up a point to 5,838. Bond prices fell. The yield on the 10-year Treasury note rose …

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Rereading Paula Fox’s “Desperate Characters”

In Business, Events, Government by New YorkerLeave a Comment

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/ Go to Source Article Paula Fox, the author of more than twenty books, died last week, at the age of ninety-three.CreditPHOTOGRAPH BY CHARLY KURZ / IAIF / REDUX There can be a fine line between turning to the literature of the past for insight into our own times and bending its messages into the ones that our ears are most eager to hear. After I learned that the writer Paula Fox had died last week, at the age of ninety-three, I took out my copy of “Desperate Characters,” her best-known novel, wary of the temptation to indulge in solipsistic interpretation. “ Though “Desperate Characters” is a work of realism, a fierce symbolic current courses through it. Sophie sees the …

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Stocks little changed on Wall Street early Thursday

In Business, Emerging Technology, Finance by Long Island Business NewsLeave a Comment

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/ Go to Source Article Stocks indexes are little changed in early trading on Wall Street as losses in energy and technology companies outweigh gains in other sectors such as banks. Oil companies were falling along with the price of crude oil Thursday. Halliburton fell 2.3 percent and rig operator Transocean lost 1.6 percent. The price of crude oil fell another 1 percent to just under $50, its lowest price since last November. Banks were mostly higher as bond yields rose. Citigroup rose 0.7 percent. The Standard & Poor’s 500 index rose 1 point to 2,364. The Dow Jones industrial average edged up 4 points to 20,861. The Nasdaq was little changed at 5,837. The yield on the 10-year Treasury …

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Sears, watching its spending, limits 4Q adjusted loss

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/ Go to Source Article FILE – In this Wednesday, Feb. 8, 2017, file photo, shoppers walk into a Sears store in Pittsburgh. Sears Holdings Corp. on Thursday, March 9, 2017, reported a loss of $607 million in its fiscal fourth quarter. (AP Photo/Gene J. Puskar, File) (Credit: AP) (AP) — Sears, stung by higher charges, reported a wider fourth-quarter loss, but its adjusted loss was smaller than last year and investors were elated as the department store closely controlled inventory and expenses. Wall Street looked past falling comparable-store sales as well, and shares rose more than 5 percent in Thursday premarket trading. For the period ended Jan. 28, the… Content Preview This content is exclusive for Optimum, Time Warner® …

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How Long Will the Trump Bull Market Last?

In Business, Finance, Government, Mobile Technology by New YorkerLeave a Comment

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/ Go to Source Article Historical precedent says that the current bull market can’t last forever, but what might cause it to fall?CreditPHOTOGRAPH BY BRYAN R. SMITH / AFP / GETTY Thursday marks eight years since the low point of the last bear market on Wall Street. On March 9, 2009, the Dow Jones Industrial Average closed at 6,547.05. Since then, it has more than tripled. If you’d invested twenty thousand dollars in the Dow index eight years ago, it would now be worth about sixty-four thousand dollars. The vast majority of the market’s gains came while Barack Obama was President, but since Donald Trump was elected the Dow has tacked on more than twenty-five hundred points, or about twelve per …

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'DEFIANT GIRL' STATUE EMERGES ON WALL ST

In Business, Government, Security by ABC 7 NYLeave a Comment

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/ Go to Source Article Ahead of International Women’s Day, a bronze statue of a young girl appeared on Wall Street in New York. The statue was placed directly in front of the Charging Bull statue in Manhattan, appearing to be fearlessly staring down the famous figure. Money management firm State Street Global Advisors installed the statue in order to call to attention the lack of women in leadership positions in the financial sector. A spokesman for the company said, “She stands as a reminder … that having more women in leadership positions can lead to increased performance and a stronger economy.” Observers gathered to take picture with the defiant young girl and observe a day that recognizes the achievements …

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'Fearless Girl' statue stares down Wall Street's iconic bull

In Business by Newsday Technology NewsLeave a Comment

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/ Go to Source Article Shriya Gupta of Cherokee, N.C. strikes a pose with a statue titled “Fearless Girl”, Wednesday, March 8, 2017, in New York. The statue was installed by an investment firm in honor of International Women’s Day. (AP Photo/Mark Lennihan) (Credit: AP) (AP) — A new statue of a resolute young girl staring down Wall Street’s famous Charging Bull was erected by a major asset managing firm for International Women’s Day to make a point: There’s a dearth of women on the boards of the largest U.S. corporations. State Street Global Advisors, the Boston-based investment giant, had the statue created to push companies to increase the number of women… Content Preview This content is exclusive for Optimum, …

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Ivanka Trump rents house from foreign billionaire suing US

In Business, Government, Legal by Newsday Technology NewsLeave a Comment

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/ Go to Source Article (AP) — President Donald Trump’s daughter and son-in-law are renting a house from a foreign billionaire who is fighting the U.S. government over a proposed mine in Minnesota. The Wall Street Journal reports (http://on.wsj.com/2nfqcqv) that Ivanka Trump and Jared Kushner are renting a $5.5 million house in Washington’s Kalorama neighborhood from Andrónico Luksic. One of the Chilean billionaire’s… Content Preview This content is exclusive for Optimum, Time Warner® and Comcast® customers with access to News 12. Already registered or an Optimum customer?Log in

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Google Assistant can now read text messages to you

In Business, Mobile Technology, Science & Nature by Venture BeatLeave a Comment

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/ Go to Source Article Google Assistant is now able to read your SMS messages back to you. SMS-enabled Facebook Messenger or Hangouts messages may also be read by the intelligent assistant. Say “Do I have any messages?” or “Show me my last message” and Google Assistant will read back your most recent text messages. You are also given the option to reply to messages with Google Assistant. The ability for Google Assistant to read the latest SMS messages is now available for Pixel, Pixel XL, and other Android smartphones. Google Assistant was made available for Android users with Marshmallow or Nougat operating systems last week. To add Google Assistant, smartphone owners with Marshmallow or Nougat must update to version 6.13 of the Google app, …

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Slump in energy stocks pulls market lower Wednesday

In Business, Emerging Technology, Finance, Government by Long Island Business NewsLeave a Comment

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/ Go to Source Article Energy companies pulled stocks mostly lower on Wall Street as the price of oil slumped. U.S. benchmark crude dropped 5 percent Wednesday to its lowest price since November after the government reported a big buildup in fuel stockpiles. Oil companies posted the biggest declines in the market. Marathon Oil dropped 8.7 percent and Murphy Oil dropped 6.7 percent. Bond prices fell, pushing yields higher, after a survey showed that private employers added the most jobs in three years in February. The Standard & Poor’s 500 index fell 5 points, or 0.2 percent, to 2,362. The Dow Jones industrial average fell 69 points, or 0.3 percent, to 20,855. The Nasdaq composite rose 3 points, or 0.1 …

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The Best NAS for Most Home Users

In Business, Government, Healthcare, Legal, Mobile Technology, Security by Wire CutterLeave a Comment

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/ Go to Source Article Our pick QNAP Turbo NAS TS-251 Easy to set up and manage, the TS-251 offers great data protection and has a host of features, including media streaming, remote access, and plenty of add-on apps. Upgrade pick QNAP Turbo NAS TS-451 The QNAP TS-451 has the same hardware and software as the TS-251 but offers two more drive bays for extra storage and data protection. The QNAP Turbo NAS TS-251 allows remote access (which is easy to configure), plus it has mobile apps for media streaming and the most third-party apps of any NAS we tested. You can use the TS-251 as a media streamer, a home backup device, a mail server, a website hosting device, …

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'Fearless Girl' statue unveiled on Wall Street

In Business, Video by NewsyLeave a Comment

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/ Go to Source Article The statue was placed by State Street Global Advisors the day before International Women’s Day. Learn more about this story at www.newsy.com/67629/ Find more videos like this at www.newsy.com Follow Newsy on Facebook: www.facebook.com/newsyvideosFollow Newsy on Twitter: www.twitter.com/newsyvideos

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Statue of young 'Fearless Girl' stares down Wall Street bull

In Business, Finance, Video by New York Daily NewsLeave a Comment

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/ Go to Source Article The installation of a new bronze statue, a 4-foot-tall young girl with high-top sneakers and a swinging ponytail, is meant to highlight the need for more women in the finance industry. Click here to read more: http://nydn.us/2lAGCxj Subscribe to our channel: https://www.youtube.com/user/nydailynewsFollow us on Twitter: http://www.twitter.com/nydnvideoFriend us on Facebook: https://www.facebook.com/thenewyorkda…Follow us on Tumblr: http://nydailynews.tumblr.com/

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Demonstration in Central Park for 'A Day Without a Woman'

In Business, Education, Finance, Government, Legal by ABC 7 NYLeave a Comment

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/ Go to Source Article UPPER WEST SIDE, Manhattan (WABC) — Thousands of mothers, daughters, and professionals are uniting Wednesday to show their economic strength and impact as part of International Women’s Day. Hundreds of demonstrators gathered in Central Park at Fifth Avenue and 58th Street to mark “A Day Without a Woman”. Women dressed in red waved hand-made signs with messages that included: “Resist like a girl.” In Lower Manhattan, a statue of a young girl with a look of resolve was placed in front of Wall Street’s famous charging bull. Women’s March on Washington, the same group that organized the nationwide march the day after the inauguration, has encouraged women to “strike.” The organization is calling it “A …

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New ferry service, jobs coming to Brooklyn Navy Yard

In Business, Government by ABC 7 NYLeave a Comment

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/ Go to Source Article BROOKLYN NAVY YARD (WABC) — Two-hundred new jobs are coming to the Brooklyn Navy Yard with the launch of a citywide ferry service this summer. On Wednesday, Mayor Bill de Blasio announced hiring of captains and deckhands to help run the service which will offer three new routes to the Rockaways, South Brooklyn and Astoria. They will be connected to the existing East River Ferry Service. “For the price of a subway ride, Citywide Ferry service will connect millions of riders to jobs and homes all along New York City’s waterfront,” de Blasio said. A 56,000-square-foot facility is being built in the Brooklyn Navy Yard for 25 boats, supplies and utilities. It will be fully …

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'Fearless girl' statue erected on Wall Street

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/ Go to Source Article The sculpture, showing a determined young girl facing down the Wall Street bull, was installed to highlight the lack of gender diversity in corporate America.

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Stocks off to a mixed start Wednesday

In Business, Emerging Technology, Finance by Long Island Business NewsLeave a Comment

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/ Go to Source Article Stocks are off to a mixed start on Wall Street as losses in utilities and other dividend stocks outweigh gains in banks. Citigroup rose 3.3 percent in early trading Wednesday, while JPMorgan Chase gained 1.4 percent. Investors bid up bank shares as bond yields rose. The yield on the 10-year Treasury note rose to 2.57 percent. In earnings news, H&R Block rose 15 percent after posting strong results that indicated a good start to its tax season business. The Standard & Poor’s 500 index rose less than a point to 2,369. The Dow Jones industrial average edged up 5 points to 20,930. The Nasdaq composite rose 8 points, or 0.1 percent, to 5,841. Share this:

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Global stocks waver after Wall Street losses

In Business, Finance, Government by Newsday Technology NewsLeave a Comment

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/ Go to Source Article Men walk by an electronic stock board of a securities firm in Tokyo, Wednesday, March 8, 2017. Asian stocks declined Wednesday after Wall Street retreated for a second day following President Donald Trump’s comments about reducing drug prices. (AP Photo/Eugene Hoshiko) (Credit: AP) (AP) — Global stock markets traded on a soft note Wednesday after Wall Street fell for a second day following U.S. President Donald Trump’s comments about reducing drug prices. KEEPING SCORE: In Europe, the FTSE 100 index of leading British shares was down 0.2 percent at 7,325 while the CAC 40 in France was flat at 4,953. Germany’s DAX was up 0.1 percent at 11,976. Wall Street was poised… Content Preview This …

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For International Women's Day, statue of girl faces off with Wall Street bull

In Business by ABC 7 NYLeave a Comment

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/ Go to Source Article FINANCIAL DISTRICT, Manhattan (WABC) — In anticipation of Wednesday’s International Women’s Day, a bronze statue of a defiant girl was placed directly in front of the iconic Wall Street charging bull. The statue, installed by State Street Global Advisors, was meant to send a powerful message about gender diversity in the workplace. The statue depicts a girl in a dress and sneakers, standing firmly with her hands on her hips, looking up with a proud expression. It is part of a campaign the firm is kicking off to implore the 3,500 companies State Street works with to hire more female employees. A spokesman for the company said, “She stands as a reminder … that having …

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Snap’s stock tumbles as short sellers bet on further declines

In Business, Finance, Government, Mobile Technology, Science & Nature by Venture BeatLeave a Comment

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/ Go to Source Article (Reuters) – Snap’s shares tumbled 12 percent on Tuesday and traders raced to position themselves to cash in on further declines after analysts gave the company a lukewarm reception following its red-hot market debut. Snap’s $3.4 billion public listing on Thursday was the hottest technology offering in three years, but its lofty valuation and slowing user growth have raised eyebrows on Wall Street and attracted traders who expect its shares to fall. Opening up the potential for more volatility, the company’s underwriters have exercised an over-allotment option to buy an additional 30 million shares, bringing the total IPO to 230 million shares, according to two capital markets sources familiar with the deal. That means Snap’s …

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US indexes end broadly lower Tuesday

In Business, Emerging Technology, Finance, Government, Healthcare by Long Island Business NewsLeave a Comment

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/ Go to Source Article Stocks are closing broadly lower on Wall Street, led by declines in energy and phone stocks. Drugmaker stocks also fell Tuesday after President Donald Trump said he was working on a new system to bring drug prices lower. Mallinckrodt lost 3 percent and Perrigo fell 1.8 percent and. Alexion Pharmaceuticals fell 3.1 percent. Several hospital operators also fell sharply after Republicans announced a health care proposal to replace the Affordable Care Act. Tenet Healthcare slumped 7.1 percent. It was the third loss in four days for U.S. stocks. The Standard & Poor’s 500 index fell 6 points, or 0.3 percent, to 2,368. The Dow Jones industrial average lost 29 points, or 0.1 percent, to 20,924. …

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Stocks slide as drugmakers fall on price worries

In Business, Finance, Government, Healthcare by Newsday Technology NewsLeave a Comment

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/ Go to Source Article Traders work on the floor of the New York Stock Exchange, Tuesday, March 7, 2017. Stocks are opening broadly lower on Wall Street, led by declines in health care stocks and banks. (AP Photo/Richard Drew) (Credit: AP) (AP) — U.S. stock indexes are lower Tuesday as Drugmakers fall after President Donald Trump said he wants to bring drug prices down. Technology companies are making small gains. Stock indexes are continuing to slip further away from the record highs they set last week. KEEPING SCORE: The Standard & Poor’s 500 index lost 5 points, or 0.2 percent, to 2,370 as of 2:20 p.m. Eastern time. The… Content Preview This content is exclusive for Optimum, Time Warner® …

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US stocks open broadly lower Tuesday

In Business, Emerging Technology, Finance, Government, Healthcare by Long Island Business NewsLeave a Comment

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/ Go to Source Article Stocks are opening broadly lower on Wall Street, led by declines in health care stocks and banks. Drugmaker stocks were among the early decliners Tuesday. Eli Lilly fell 2.3 percent and Alexion Pharmaceuticals lost 2 percent. The declines came after Republicans announced a health care proposal to replace the Affordable Care Act. President Donald Trump says he wants to bring drug prices lower and repeated that position in a tweet Tuesday morning. The Standard & Poor’s 500 index fell 7 points, or 0.3 percent, to 2,368. The Dow Jones industrial average lost 40 points, or 0.2 percent, to 20,913. The Nasdaq composite declined 18 points, or 0.3 percent, to 5,831. Share this:

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European shares mixed as German factory data disappoint

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/ Go to Source Article In this Jan. 12, 2017, photo, traders work on the Mizuho Americas trading floor in New York. Stocks are opening lower on Wall Street, Monday, March 6, 2017, led by declines in materials companies and banks. (AP Photo/Mark Lennihan) (Credit: AP) (AP) — Shares wavered in Europe early Tuesday on disappointing manufacturing data from Germany. But benchmarks in Asia were mostly higher after China’s finance minister said he was confident the government could handle the country’s rising levels of debt. KEEPING SCORE: Germany’s DAX edged 0.1 percent lower to 11,950.57 and the CAC 40 in France slipped 0.3 percent to 4,960.16. Britain’s… Content Preview This content is exclusive for Optimum, Time Warner® and Comcast® customers …

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Losses for banks pull US stocks further from record highs

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/ Go to Source Article In this Jan. 12, 2017, photo, traders work on the Mizuho Americas trading floor in New York. Stocks are opening lower on Wall Street, Monday, March 6, 2017, led by declines in materials companies and banks. (AP Photo/Mark Lennihan) (Credit: AP) (AP) — U.S. stocks finished lower Monday for the second time in the last three trading days. Banks gave back some of their recent gains after a jump in interest rates last week sent them sharply higher. Mining and chemical companies declined after China cut its economic growth forecast, and airlines slumped after a Delta said its business isn’t improving as fast as it hoped. There were few… Content Preview This content is exclusive …

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Stocks end lower on Wall Street Monday

In Business, Emerging Technology, Finance by Long Island Business NewsLeave a Comment

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/ Go to Source Article Stocks are ending broadly lower on Wall Street, and banks and materials companies are taking some of the biggest losses. Banks on Monday gave back some of the ground they gained last week, and mining companies fell after China trimmed its economic growth forecast. Citigroup lost 1.2 percent and Freeport-McMoRan slumped 2.3 percent. Tyson Foods fell 2.5 percent after avian flu was discovered at a supplier’s farm. The Standard & Poor’s 500 index fell 7 points, or 0.3 percent, to 2,375. The Dow Jones industrial average lost 51 points, or 0.2 percent, to 20,954. The Nasdaq composite declined 21 points, or 0.4 percent, to 5,849. The Russell 2000, which tracks smaller companies, lost 9 points, …

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Thousands of Tyson chickens destroyed because of bird flu outbreak

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/ Go to Source Article TENNESSEE — Tens of thousands of chickens have been destroyed at a Tennessee chicken farm due to a bird flu outbreak, and 30 other farms within a six-mile radius have been quarantined. The U.S. Department of Agriculture said 73,500 chickens were destroyed at the facility and will not enter the food system. The H7 avian influenza can be deadly to chickens and turkeys. “Bird flu” is a catch-all phrase for a variety of influenza viruses that spread among poultry. They can be very contagious and deadly among birds, but rarely spread to humans. That said, deadly human flu pandemics have been sparked by viruses that first emerged in birds, and health officials closely track what’s …

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Stocks open lower on Wall Street Monday

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/ Go to Source Article Stocks are opening lower on Wall Street, led by declines in materials companies and banks. U.S.-listed shares of Deutsche Bank fell 2.3 percent early Monday after the big German bank said it plans to raise at least $8.5 billion in capital and sell a stake in its asset management businesses. Mining companies were taking losses after China trimmed its economic growth forecast. Freeport-McMoRan slumped 4.8 percent as the price of copper fell. The Standard & Poor’s 500 index fell 11 points, or 0.5 percent, to 2,371. The Dow Jones industrial average lost 70 points, or 0.2 percent, to 20,934. The Nasdaq composite declined 29 points, or 0.5 percent, to 5,841. Share this:

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5 Trump Cabinet Members Who’ve Made False Statements to Congress

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/ Go to Source Article By Eric Umansky and Marcelo Rochabrun, ProPublica As most of the world knows by now, Attorney General Jeff Sessions did not tell the truth when he was asked during his confirmation hearings about contacts with Russian officials. But Sessions isn’t the only one. At least four other cabinet members made statements during their nomination hearings that are contradicted by actual facts: EPA Chief Scott Pruitt, Education Secretary Betsy DeVos, Treasury Secretary Steve Mnuchin, and Health and Human Services Secretary Tom Price. The statements were all made under oath, except those of DeVos. It is a crime to “knowingly” lie in testimony to Congress, but it’s rarely prosecuted. If you know of instances that we’ve missed, …

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U.S. warplanes bombard al-Qaida in Yemen

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/ Go to Source Article The American military is ramping up operations in the war-torn country of Yemen, where a Saudi-led coalition of mostly Sunni countries supports Yemen’s president. Since Thursday, the U.S. has carried out more than 30 air strikes in Yemen, targeting the Islamic militant group al-Qaida in the Arabian Peninsula. Wall Street Journal reporter Gordon Lubold joins Hari Sreenivasan with analysis.