United States

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Donald Trump just took a shot at Boeing in Trump Tower

President-elect Donald Trump unexpectedly started negotiating with Boeing over the price of a new Air Force One on Tuesday morning. First over Twitter, Trump threatened to cancel the order for a new Air Force One, which would be used for…
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Trump Tweets bound to Instigate a diplomacy Crisis with China

  • December 6, 2016
Trump’s unusual call with Taiwan President Tsai Ing-wen on Friday prompted a diplomatic protest with the United States on Saturday, although Vice President-elect Mike Pence downplayed its significance, saying it was a “courtesy” call, not intended to show a shift in U.S. policy on China. Trump, who vowed during his…
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Bank of America CEO Brian Moynihan sees banks benefiting from faster growth

  • December 6, 2016
Rising interest rates and the incoming administration's pro-growth policies will help major financial institutions in the coming years, Bank of America Chairman and CEO Brian said on Tuesday. "Faster growth, that's good for Bank of America. Higher interest rate structure, that's good for Bank of America," Moynihan said in a…
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Intensified protests pushes US to plan re-routing Dakota pipeline

  • December 6, 2016
  Cannon Ball (United States) (AFP) - The US Army Corps of Engineers nixed plans for a controversial oil pipeline crossing in North Dakota, a major victory for Native Americans and environmentalists who had staged months of protests. The pipeline had been set to cross under the Missouri River and…
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Trump Administration wants to privatize Indian Land Reservations for Oil Extraction

  • December 6, 2016
Trump planning to privatize oil-rich Native American reservations A team of advisers in the Trump administrations are planning on trying to privatize oil-rich Native American reservations. The reservations the Trump administration is planning on stealing are ruled by Native Americans as sovereign nations.  Native American reservations cover just 2 percent…
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Bigger trade deficit suggests trade will drag on growth

  • December 6, 2016
The U.S. trade deficit increased in October as exports fell amid declining shipments of soybeans and other goods, suggesting that trade would be a drag on growth in the fourth quarter. The Commerce Department said on Tuesday that the trade gap widened 17.8 percent to $42.6 billion. September's trade deficit…
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US productivity growth rebounds sharply to best level in two years

  • December 6, 2016
U.S. worker productivity rebounded sharply in the third quarter as initially estimated, marking its quickest pace of growth in two years, but the trend remained weak. The Labor Department said on Tuesday that non-farm productivity, which measures hourly output per worker, rose at an unrevised 3.1 percent annual rate. The…
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McDonald’s to keep up to 25 percent stake in China, HK stores

  • December 6, 2016
McDonald's Corp is looking to raise $1 billion to $2 billion with the sale of its China and Hong Kong stores after the U.S. fast-food chain decided to keep "a significant minority stake in the business," a person with direct knowledge of the plans said on Tuesday. The company has…
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WORLD CURRENCY NOTES

It looks like the dollar won’t be catching the euro quite yet

  • December 6, 2016
The euro looks set to put a pause its post-U.S. election drop. "If the [euro] doesn't sell off on bad news, I think it's telling us something. I think it's going to correct higher," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman. The euro was near…
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Trump effect: That house you want got $16,000 more expensive since he won

  • December 6, 2016
The sharp jump in mortgage interest rates following the November election is not only holding on but gaining. Add that to an already uneven housing recovery, and the resulting numbers are staggering. Housing affordability was already weakening, thanks to fast-rising home prices, which has made it the least affordable time…
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Italy’s pain has turned into even more gains for US banks

  • December 6, 2016
For how tumultuous of a year it's been for business and politics, it's somehow fitting that 2016 should end with Americans banks sitting pretty as an oasis of stability. After an explosive move higher during November, U.S. banks got another boost Monday from the "no" vote in the weekend's Italian…
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Texas: Hundreds of immigrants released following court ruling

  • December 6, 2016
Hundreds of women and children were released from two family detention centers over the weekend, after a Texas state judge sided with critics who say the facilities more closely resemble jails than child care centers. The mass releases were a victory for immigrant rights advocates, who argue that it’s unnecessary…
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Trumps costing New York millions everyday

  • December 5, 2016
Melania Trump costing New York taxpayers millions of dollars everyday Melania Trump and her 10-year old son Barron will stay in Manhattan at Trump Tower, when Donald Trump moves into the White House. This is causing some unexpected expenses for taxpayers. According to city officials, protecting the Trump family will cost…
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Mike Pence: Donald Trump’s false claims are refreshing

  • December 4, 2016
  George Stephanopoulos grilled Vice President-elect Mike Pence on Sunday George Stephanopoulos grilled Vice President-elect Mike Pence on Sunday over President-elect Donald Trump's unsubstantiated claims that millions of people voted illegally. In an interview on "This Week," the ABC anchor brought up Trump's baseless claim, asking Pence if it "was…
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Trump called Taiwan’s president, risking feud with China

  • December 2, 2016
President-elect Donald Trump spoke with Taiwan President Tsai Ing-wen on the phone Friday, a move that risks opening up a major diplomatic dispute with China before Trump has even taken office. The call from the U.S. president-elect to the leader of Taiwan, a self-governed island that Beijing views as a breakaway…
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Trump stacks kitchen cabinet with millionaire, billionaire executives

  • December 2, 2016
President-elect Donald Trump has assembled a kitchen cabinet of wealthy corporate and financial executives This includes current and former leaders from General Motors, JPMorgan Chase and IBM — to provide him with economic advice. The 16-person group, whose membership was announced Friday, will meet for the first time at the…
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