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Stocks Mixed Ahead US-EU Trade Talks; Asia Rides China Spending Boost
Global stocks mixed as China stimulus supports Asia; Europe and Wall Street little-changed. Oil and commodities get a boost from anticipated China demand, weaker U.S. dollar. European Commission President Jean-Claude Juncker heads to Washington for ...
Asia stocks track Wall Street rise, US-EU meet keeps trade in focus
TOKYO (Reuters) - Asian stocks rose modestly on Wednesday, supported by upbeat Wall Street earnings and hopes China's government spending would boost growth but trade tensions remained in focus ahead of a meeting between the U.S. and European ...
Two different surveys confirm that cable companies are screwed
It is not a pleasant time to be a cable company. Decades of regional monopolies are being swept away, leaving us with — the horror! — actual competition. Prices on streaming bundles are so low that companies are actually struggling to make money on ...
Oil Gains as US Inventory Drop Adds to China Stimulus Optimism
Oil extended gains near $69 a barrel as U.S. industry data showed a decline in crude as well as fuel stockpiles, and investor optimism grew after China unveiled stimulus measures that's likely to boost demand for commodities. Futures in New York rose ...
Ryanair strike grounds flights across Europe
Ryanair on Wednesday pressed ahead with its cancellation of some 300 flights across Europe as its cabin crew began a two-day strike in Spain, Portugal, Belgium and Italy. The Irish low-cost airline last week said the stoppage called by five unions over ...
Facebook wants to open an 'innovation hub' in China
Facebook is trying a new way into China, after years of being locked out of the world's second largest economy. The social media giant said on Tuesday that it plans to set up "an innovation hub ... to support Chinese developers, innovators and start-ups.".
Southern California home sales crash, a warning sign to the nation
Southern California home sales hit the brakes in June, falling to the lowest reading for the month in four years. Sales of both new and existing houses and condominiums dropped 11.8 percent year over year, as prices shot up to a record high, according ...
Instagram is booming, and investors are salivating over Facebook as a result
Analysts are salivating over Facebook ahead of its second-quarter financial results, due to be released on Wednesday. There are two key reasons. First, despite all the headlines, Facebook's chain of scandals isn't expected to hurt its bottom line. And ...
The Trolley Problem: New Seattle Streetcars May Not Fit on Tracks
Seattle, it seems, has a trolley problem. The city ordered streetcars for an expansion of its growing system that may not, according to a new Seattle Times report, fit on the tracks or fit into maintenance barns. Seattle Mayor Jenny Durkan, elected ...
In wake of Goldfish recall, 5 things to know about salmonella
As food recalls become routine with warnings of bacteria in produce, the latest salmonella outbreak affects a surprising food — crackers. On Monday, Pepperidge Farm voluntarily recalled four varieties of its Goldfish crackers — a popular snack for ...