Archive for July 20th, 2017

Exxon Mobil Corp sued the U.S. government on Thursday, blasting as "unlawful" and "capricious" a $2 million fine levied against it for a three-year-old oil joint venture with Russia's Rosneft .

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It was a weird — and slightly gross — source of a Wall Street “aha!” moment: a seriously unsanitary BLT wrap.

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What’s the most useless economic measure that gains the widest attention among economists, the media, investors, money managers and policymakers? Among a disturbing number of indicators, a strong case can be made that it’s the unemployment rate.The latest stab at the unemployment rate by the U.S. Bureau of Labor Statistics was 4.4 percent in June. Particularly since the unemployment rate dipped to the 4.3 percent to 4.5 percent range over the last few months, there’s been a great deal of prattling on among assorted “experts” about the U.S. economy being at full employment. Of…

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Typically, U.S. Presidents are wary of claiming stock market performance as a referendum on their success. Most have seemed to understand that taking credit also means accepting blame, and no one would want to make the tortured argument that the positive moves reflect well on their presidency but that the negative moves do not. But Donald Trump has shown no reluctance to make any argument that suits his political purpose of the day, no matter its absurdity, and no matter if he has to contradict the arguments he made last year, or last week. Perhaps he assumes, as most investors seem to, that…

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A little over four years ago, the Bank of Japan started off the first arrow of Abenomics with a bang. The Japanese had, of course, experimented with QE in all but a few years of the 21st century, so to fulfill what Paul Krugman had long ago urged, the central bank would have to come up with something almost unbelievable. To many, it may have seemed they had done just that.
Japanese authorites gave the world QQE, the extra Q standing for qualitative as well as quantitative easing. It would have been better to have believed they doubled the number of Qs more so for…

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President Donald Trump's administration has ended Affordable Care Act contracts that brought assistance into libraries, businesses and urban neighborhoods in 18 cities.

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President Donald Trump's administration has ended Affordable Care Act contracts that brought assistance into libraries, businesses and urban neighborhoods in 18 cities, meaning shoppers on the insurance exchanges…

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Amid a norovirus scare at a Virginia Chipotle, rodents fell from the ceiling at a Dallas-area restaurant, according to NBC DFW.

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Sears will begin selling its appliances on Amazon.com, including smart appliances that can be synced with Amazon's voice assistant,…

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Sears will begin selling its appliances on Amazon.com, including smart appliances that can be synced with Amazon's voice assistant,…

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For the first time in years, pay for lowest-income Americans is rising faster than for other groups. Weekly pay for earners at the lowest 10th percentile of the wage scale rose at a faster rate last quarter, from a year earlier, than any other group.

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<p>The S&amp;P 500 and the Nasdaq composite both hit intraday highs on Thursday, continuing their record-setting run.</p>

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News that billions of dollars in overdue private student loan debt could be wiped away due to shoddy paperwork prompted a flurry of interest among borrowers Tuesday

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Pop quiz for Millennials: What's scarier? a) Investing in the stock market? b) Missing out on $3.3 million in potential retirement gains if you avoid stocks?

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On Wednesday, United Airlines president Scott Kirby weighed in on Frontier Airlines' plan to double the number of its routes and return to a network business model.

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