• Ocasio-Cortez: New Yorkers Defeated Jeff Bezos's 'Corporate Greed'
Ocasio-Cortez: New Yorkers Defeated Jeff Bezos's 'Corporate Greed'

The Virginia part of the plan will go ahead. Now that Bezos has already published a Medium blog post to explain his personal affairs, many teased that the billionaire follow up with an essay on his company's move away from NY. Although the company had the support of area residents, some politicians have derided Amazon , who have been critica...

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  • US official Lighthizer arrives in Beijing ahead of trade talks
US official Lighthizer arrives in Beijing ahead of trade talks

And President Donald Trump's aggressive strategy has failed to produce a reduction in the United States trade deficit with China, which he set as a primary goal. Trade Representative Robert Lighthizer , Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He. A round of talks at the end of January ended with some progress reported, but...

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  • Labor unions fear Democrats’ Green New Deal poses job threat
Labor unions fear Democrats’ Green New Deal poses job threat

It also calls for upgrading all existing buildings in the United States to be energy-efficient. McConnell's goal, of course, is not to help the bill pass. Vermont Independent Sen. Bernie Sanders, who's likely to enter the Democratic primary soon, is also a supporter. "The green generation has risen up and they are saying they want this issue so...

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  • Huawei officials offer to launch cyber security center in Poland
Huawei officials offer to launch cyber security center in Poland

MWC 2019, the world's largest mobile industry show, runs from February 25 to 28 in Barcelona. Australia has indicated the Chinese firm as well as another Chinese telecom ZTE , will not be involved in its 5G developments as has New Zealand.

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  • Amazon's Jeff Bezos Claims He's Being Extorted by National Enquirer
Amazon's Jeff Bezos Claims He's Being Extorted by National Enquirer

In exchange, "AM agrees not to publish, distribute, share or describe unpublished texts and photos". Mr. Bezos , who is also owner of The Washington Post , detailed his interactions with American Media Inc .in an extraordinary blog post Thursday on the Medium .com website.

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  • Oil prices edge lower, tightening supply outlook supports
Oil prices edge lower, tightening supply outlook supports

Treasury Secretary Steven Mnuchin said US -imposed oil sanctions are putting pressure on the embattled Venezuelan President Nicolas Maduro, who the U.S.is trying to oust. They closed down 1.7 percent on Tuesday. With a nervous market, traders are focused on the U.S. State of the Union address by President Donald Trump.

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  • Facebook’s growth not troubled by scandals and privacy rage
Facebook’s growth not troubled by scandals and privacy rage

The business had revenue of $16.91 billion during the quarter, compared to the consensus estimate of $16.40 billion. Facebook has grown the number of staff 42 percent in the past year and total headcount is now sitting at 35,587 people.

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  • A cryptocurrency fund boss died. Investors’ money may be encrypted forever
A cryptocurrency fund boss died. Investors’ money may be encrypted forever

Canada's leading cryptocurrency exchange company has said it can not repay $190m (£110m) to clients because its founder died with their passwords. QuadrigaCX had been plagued with legal trouble in the past year: In early 2018, the Canadian Imperial Bank of Commerce froze more than US$25m of QuadrigaCX's assets after noticing "irregularities" ...

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  • USA job growth jumps; unemployment rate rises to 4.0 percent
USA job growth jumps; unemployment rate rises to 4.0 percent

Last year saw more job creation than the previous two years, with 2.6 million new jobs over the course of the year compared with 2.2 million in 2017 and 2.3 million in 2016.For the full year of 2018, the average monthly gain was 223,000. The better-than-expected USA jobs report will likely have a positive effect on The Dow Jones . Job growth ...

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  • Foreign Secretary: Brexit may have to be delayed
Foreign Secretary: Brexit may have to be delayed

Members of Parliament narrowly voted through two significant amendments to the Brexit plan: one says there should be no " no deal " Brexit, while the other demands the removal of the contentious "Irish backstop " from the withdrawal agreement struck between Prime Minister Theresa May and her European counterparts.

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  • Amazon Stock Fell Because Record Profits Aren’t Enough
Amazon Stock Fell Because Record Profits Aren’t Enough

Amazon expects sales to grow between 10% and 18% in the first quarter, slightly below analyst forecasts. In its last-reported quarter, total revenue grew 29% year over year but fell short of Street estimates. The results demonstrate that Amazon continued its "relentless assault" on other retailers over Christmas, Nicholas Hyett, Equity Analyst...

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  • Venezuelan opposition leader warns officers to stay away from his family
Venezuelan opposition leader warns officers to stay away from his family

The U.S. government has recognized opposition leader Juan Guaido as Venezuela's interim president and has called for other countries to do so as well. Guterres said he did not have the authority to recognize governments but added that he "respects the decisions taken by the General Assembly and the Security Council", which are divided on who le...

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  • How Venezuela chaos will impact oil prices
How Venezuela chaos will impact oil prices

The loss of Venezuelan barrels could drive up crude prices and squeeze American refineries that take in hundreds of thousand of barrels of Venezuelan oil each day. A report from Rystad Energy says that USA oil production is likely to increase in the coming years. "The crisis in Venezuela appears to be reaching a crescendo" with significant conseq...

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  • United States sends 70 questions to WTO about China's subsidies
United States sends 70 questions to WTO about China's subsidies

This is the second round of talks since Presidents Donald Trump and Xi Jinping met in Argentina previous year and agreed to negotiate in the hope of defusing an escalating tariff war. Treasury Secretary Steven Mnuchin declared the trade war "on hold" after China had agreed to step up its purchases of US goods, especially in agriculture and ener...

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  • Apple sees sales largely below Wall St as iPhone demand weak
Apple sees sales largely below Wall St as iPhone demand weak

The stock closed down one per cent on the Nasdaq at US$154.68 but climbed in extended trading. Apple is banking that investors will realize the company can still reap huge profits by selling various services on the 1.4 billion devices running on its software.

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  • Venezuela targets Guaido with probe, travel ban, asset freeze
Venezuela targets Guaido with probe, travel ban, asset freeze

When asked if the US was ruling out military action in the instance that Maduro refuses to cede power, Mulvaney said , "I don't think any president of any party who's doing his or her job would be doing the job properly if they took anything off the table".

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  • The government shutdown has cost the economy $11B
The government shutdown has cost the economy $11B

The longest partial U.S. government shutdown on record that ended Friday cost the U.S. economy billions of dollars as it kept a fourth of federal agencies shuttered for five weeks, the Congressional Budget Office said Monday. Of course, this prediction is based on the assumption that the federal government will not shut down for a second ti...

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  • USA charges China's Huawei with fraud, theft
USA charges China's Huawei with fraud, theft

In a separate case , the Justice Department said Huawei stole robotic technology from carrier T-Mobile US Inc. Acting Attorney General Matt Whitaker, right, wipes his brow after announcing an indictment on violations including bank and wire fraud, Monday, Jan.

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  • Brooklyn man is NY's 1st Powerball jackpot victor of 2019 with $
Brooklyn man is NY's 1st Powerball jackpot victor of 2019 with $

David Johnson, who won the December 26, 2018 drawing with the numbers 5-25-38-52-67, and Powerball 24, chose to take his winnings in a lump sum payment, which after taxes and withholdings, nets out to $114 million. Johnson chose quick-pick, and the computer spit out 05, 25, 38, 52 and 67, with Powerball 24. "I start and can't finish my food ", J...

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  • 'Broken man': Right wing rips Trump over no-wall shutdown deal
'Broken man': Right wing rips Trump over no-wall shutdown deal

The deal he reached with congressional leaders contains no new money for the wall. He says Trump agreed to reopen the government for three weeks to give Democrats a chance to negotiate. Contributing to the pressure on lawmakers to find a solution was the harsh reality confronting 800,000 federal workers, who on Friday faced a second two-week payd...

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  • Vodafone puts Huawei rollout in core networks on hold
Vodafone puts Huawei rollout in core networks on hold

This runs contrary to the approach taken by the U.S., Australia and New Zealand, who have banned even those uses for Huawei equipment. Chinese telecommunications hardware giant Huawei said it could become the world's largest seller of smartphones in 2019, without the help of the USA market and despite growing security concerns.

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  • China Has Blocked Microsoft’s Bing Search Engine
China Has Blocked Microsoft’s Bing Search Engine

The temporary block of Microsoft's Bing comes at a time when tensions between the U.S. and China are running high, with the introduction of a bipartisan Bill in the USA earlier this month to ban the sale of tech to Chinese companies Huawei and ZTE, and the U.S.

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  • World economy forecast to slow in 2019 amid trade tensions
World economy forecast to slow in 2019 amid trade tensions

Underscoring the wobbly state of the global economy: China , the world's second-biggest economy, on Monday reported 2018 growth of 6.6 percent, the weakest since 1990. Despite the fiscal stimulus that offsets some of the impacts of higher U.S. tariffs, China's economy will slow down due to the combined influence of needed financial regulatory tigh...

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  • Did Trump Just Win the China Trade War?
Did Trump Just Win the China Trade War?

The 6.6 per cent growth comes in above the official target of around 6.5 per cent and matches a forecast by analysts polled by AFP, but is down from the 6.8 per cent chalked up in 2017, according to the National Bureau of Statistics (NBS). Many couples who would like to have more than one child, surveys have found, say that they are not able to aff...

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  • Oil prices rise amid lifted market sentiment
Oil prices rise amid lifted market sentiment

Brent crude LCOc1 was up 82 cents, or 1.3 percent, at $62 a barrel at 1200 GMT. Stronger spreads suggest OPEC's cuts have succeeded in shifting market expectations about the outlook for 2019. Prices are likely to keep climbing at least until April, she said, when the United States is due to decide whether to extend waivers against sanctions for ...

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