• Oil rises after OPEC+ says to keep output cuts
Oil rises after OPEC+ says to keep output cuts

Russia, the most important non-OPEC partner in the coalition, is ready to consider easing production cuts if the market needs more crude, Novak said. The United States is planning to deploy military forces in the waters of the Arabian Gulf and in a number of Gulf Cooperation Council countries, according to media reports in the region.

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  • Google pulls Android support for Huawei
Google pulls Android support for Huawei

In one swift move, Google delivered a "death blow" to Huawei on Sunday, suspending the Chinese company's Android license and potentially stopping the growth of the world's second largest smartphone maker in its tracks. The statement complements an earlier version that was communicated a little earlier, and further addresses some issues that h...

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  • Houthi rebels claim downing of Saudi-led coalition's drone over Yemen's capital
Houthi rebels claim downing of Saudi-led coalition's drone over Yemen's capital

The narrow waterway separates Iran from the Arabian Peninsula. The Council of Ministers of Yemen , in a statement following its weekly Cabinet meeting under the chairmanship of Dr. John Bolton, the White House national security adviser and a longtime Iran hawk, announces the deployment of the USS Abraham Lincoln carrier strike group and a bomber...

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  • IPhone owners can sue Apple over App Store prices, Supreme Court rules
IPhone owners can sue Apple over App Store prices, Supreme Court rules

John Lopatka, a professor of antitrust law at Penn State University, said the latest ruling does not address the merits of the lawsuit - which must go back to a lower court for trial - but adds to the pressure on companies like Apple . In a 5-4 ruling, with Donald Trump appointee Brett Kavanaugh siding with the court's four liberal justices,...

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  • Binance Hackers Moved Stolen BTC to 7 Wallet Addresses
Binance Hackers Moved Stolen BTC to 7 Wallet Addresses

The rest of the wallets were declared to be secure and unharmed. $60 million is certainly a "large scale security breach". Binance said the withdrawal set off multiple alarms in the system. The CEO of Binance stated that on May 7, a successful security breach attempt was made where these hackers got access to user's API keys, along with t...

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  • Uber's market debut sours most anticipated IPO since Facebook
Uber's market debut sours most anticipated IPO since Facebook

The stock extended losses into the close even as US equities stabilized on renewed optimism that an all-out trade war can be averted, even after the USA decision to slap fresh tariffs on Chinese goods overnight. Despite Uber moderating its IPO expectations, some still consider the stock overpriced. After much hype leading up to the largest initia...

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  • United States stocks turn higher as anxious investors eye trade talks
United States stocks turn higher as anxious investors eye trade talks

Since past year, the two sides have exchanged tariffs on more than US$360 billion in two-way trade, gutting U.S. agricultural exports to China and weighing on both countries' manufacturing sectors. intellectual property and trade secrets; forced technology transfers; competition policy; access to financial services; and currency manipulation. The...

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  • U.S. tariff increase on $200B of Chinese imports takes effect
U.S. tariff increase on $200B of Chinese imports takes effect

Goods in the more than 5,700 affected product categories that left Chinese ports and airports before midnight will be subject to the original 10 per cent duty rate, a CBP spokesman said. Trump on Sunday also threatened to levy tariffs on an additional US$325 billion of China's goods, on top of the US$250 billion of its products already hit by impor...

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  • Driver protests, strikes cast shadow on Uber IPO
Driver protests, strikes cast shadow on Uber IPO

Simmering tensions between drivers and ride-hailing companies are flaring again, as drivers in major cities across the US and the United Kingdom went on strike Wednesday over low wages and unstable working conditions. "Whether it's being able to track your earnings, new safety features, or stronger insurance protections , we'll continue working ...

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  • Iran Using All Resources to Sell Oil in 'Grey Market': Deputy Minister
Iran Using All Resources to Sell Oil in 'Grey Market': Deputy Minister

Iran and the Group 5+1 (Russia, China , US, Britain, France, and Germany) on July 14, 2015, reached a conclusion over the text of the JCPOA. "The US government may possibly be preparing to put sanctions on Iran's petrochemical products because they know well that these products are one of the most important exports of Iran and bring significa...

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  • U.S. to Impose Higher Tariffs on Chinese Exports
U.S. to Impose Higher Tariffs on Chinese Exports

After Trump made his Twitter announcement, Tom Orlik, chief economist at Bloomberg, told the BBC in an interview that the move was likely a negotiation tactic. Chinese officials were scheduled to meet their US counterparts in Washington on Wednesday after meeting in Beijing last week for a round that Treasury Secretary Steven Mnuchin describe...

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  • Buffett's Berkshire Posts Big Profit as Stocks Gain
Buffett's Berkshire Posts Big Profit as Stocks Gain

Among other businesses, the Berkshire Hathaway Energy unit posted a 3-percent profit increase, while earnings from retailing and services units increased 16 percent, despite a 19 percent revenue drop at See's sweets because Easter fell late.

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  • Tesla seeks to raise $2 billion in sale of stock and debt
Tesla seeks to raise $2 billion in sale of stock and debt

Last week, Tesla CEO Elon Musk said the Model 3 would become available in Japan, Australia, New Zealand and Hong Kong "shortly" after the United Kingdom launch . The Model 3 has been in production since the end of the 2017, with USA customers getting first access. The company said things cost it $188 million during this quarter, such as a ...

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  • Berkshire's Buffett calls himself a 'card-carrying capitalist'
Berkshire's Buffett calls himself a 'card-carrying capitalist'

The multi-billionaire describes this business line as Berkshire Hathaway's growth engine, allowing the company to invest policyholder premiums and pay out claims as needed. "Whenever you've got 40,000 fans cheering on a CEO, there is probably less skepticism in the investment base than is appropriate", he added in reference to Berkshire's annual ...

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  • Military Chief Pushes Back on Pompeo’s Assertion of Venezuela Intervention
Military Chief Pushes Back on Pompeo’s Assertion of Venezuela Intervention

A spokesperson said the United States stands with Mr Guaido , whom it recognised as the legitimate leader following the 2018 election, and was pushing for "a peaceful transition of power". And he called on supporters to take steps toward a general strike. Figuera rejected charges of treason and insisted he has a "high sense of loyalty" to Vene...

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  • Alphabet (GOOGL) 1st Quarter Earnings: What to Expect
Alphabet (GOOGL) 1st Quarter Earnings: What to Expect

According to US GAAP, Alphabet first-quarter net profit (which included the impact of fines) is $6.657 billion, down 29% from $9.401 billion in the same period a year ago. Shares tanked 7.3 percent following the earnings announcement, eroding more than $60 billion off Alphabet's market cap. Google's Other revenues - which include the company's ...

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  • Microsoft reports better-than-expected quarterly revenue
Microsoft reports better-than-expected quarterly revenue

Apple last traded at $205.91, giving it a market cap of $970.92 billion. Amazon reports earnings later today and is now worth $944 billion. Microsoft's stock has gained about 23 per cent so far this year, after hitting a record high of US$125.85 during regular trading hours.

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  • Tesla's Musk agrees to new vetting rules for tweets in SEC deal
Tesla's Musk agrees to new vetting rules for tweets in SEC deal

As early as Friday morning, both parties sought an extension to the judge's initial two-week timeline, but according to a report published late on Friday by CNBC , Musk and the SEC have come to terms and have submitted documentation to the court outlining them.

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  • Tesla Car Explodes in China: Concerns Arise for Vehicle Safety
Tesla Car Explodes in China: Concerns Arise for Vehicle Safety

Orders for the updated cars start immediately at Tesla's site, while production begins this week. Charging times have come down, too, with both cars capable of achieving 200kW on the latest "V3" Superchargers and 145kW on the more common "V2" Superchargers.

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  • Facebook Could Face Up To $5 Billion Fine For Privacy Violations
Facebook Could Face Up To $5 Billion Fine For Privacy Violations

The company statement says, "The matter remains unresolved, and there can be no assurance as to the timing or the terms of any final outcome". Costs and expenses, meanwhile, jumped 80% to $11.76B, as the company took on a $3B legal expense charge tied to the ongoing Federal Trade Commission inquiry.

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  • US gives exemptions to sanctions on Iran Revolutionary Guard
US gives exemptions to sanctions on Iran Revolutionary Guard

USA sanctions against oil exporter Iran were introduced in November 2018, but Washington allowed its largest buyers limited imports of crude for another half-year as an adjustment period. "The United States believes the charges against these people in Iran are phony". Fine. Let's not discuss that. Washington-based lawyer Mark Zaid told The Associ...

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  • Tesla Model S Explodes in Viral Video
Tesla Model S Explodes in Viral Video

Analysts said the latest fire incident would likely increase attention on the safety of EVs, but was unlikely to have a significant impact on Tesla's sales or reputation in China while the cause was being investigated. It is the latest incident to hit Tesla this year, just as it is stepping up its presence in China. The company now imports al...

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  • Tesla will launch its first fleet of autonomous robotaxis by 2020
Tesla will launch its first fleet of autonomous robotaxis by 2020

Musk, however, admitted to the audience and investors that sometimes he isn't on time with delivering on his promises. More than $1 billion in corporate and private investment has been plowed into some 50 Lidar startups over the past three years, including a record $420 million in 2018, according to a Reuters analysis of publicly available in...

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  • US to sanction nations for importing Iranian oil
US to sanction nations for importing Iranian oil

Experts say it is unlikely that Iranian exports will ever be reduced completely to zero, with a black market likely to exist. US President Donald Trump has chose to eliminate all waivers issued to eight economies. Japan and South Korea earlier this year ramped-up their purchases of Iranian oil, but - analysts believe - in anticipation that the ...

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  • Easter Egg Hunt at Beauvoir
Easter Egg Hunt at Beauvoir

The Easter-themed celebration featured live music, games, contests, an egg hunt and, of course, the very much on-demand Easter Bunny. While numerous Easter eggs have candy and chocolate, the big prizes are listed inside a few lucky Easter eggs.

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