StockBeat: Canopy Growth Back on Buy List, BofA Says
Yesterday, 20:15 – Canopy Growth has plunged in recent months to levels that finally make it worth buying, Bank of America said on Wednesday, sending shares of the Canadian cannabis producer sharply higher. Bank of America upgraded Canopy Growth (NYSE:CGC) to buy from neutral, sending its shares more than 14% higher. It was a little over two months ago that Bank of America found itself on the other side of the fence, downgrading its outlook ..
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Trade commission finds Chinese aluminum wire, cable export harms U.S. industry
Yesterday, 20:12
WASHINGTON (Reuters) - The U.S. International Trade Commission (ITC) on Wednesday said it had determined that U.S. industry was materially injured by below-cost imports of aluminum wire and cable from China, locking in U.S. antidumping and countervailing duties. The U.S. Commerce Department in October said its final determination that Chinese exporters sold aluminum wire and cable at less than fair value in the United States. Such imports from ..
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Fed minutes show rates on hold; not clear what would change that
Yesterday, 20:09
By Lindsay Dunsmuir and Jason Lange WASHINGTON (Reuters) - An increasingly divided Federal Reserve that decided to hit pause in its easing cycle following a rate cut at its October meeting offered little guidance on what would cause policymakers to change their minds on the outlook, minutes of the central bank's last policy meeting showed. The readout released on Wednesday of the Oct. 29-30 policy discussion, at which the Fed voted 8-2 to ..
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U.S. healthcare shares pick up steam as some political worries abate
Yesterday, 20:06
By Lewis Krauskopf NEW YORK (Reuters) - U.S. healthcare stocks, led by health insurers, have gained strength in recent weeks, buoyed by solid third-quarter earnings and investor comfort that political risks to the sector have eased. Wednesday's Democratic presidential debate could test their momentum. The S&P 500 healthcare sector (SPXHC) has climbed 11% since hitting a recent low on Oct. 2, outperforming an 8% rise for the overall ..
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Seventeen Democrats, three Republicans in U.S. presidential race
Yesterday, 20:03
(Reuters) - The historically large field of Democratic presidential candidates vying to take on Republican President Donald Trump in next November's U.S. election was reduced by one on Wednesday when Wayne Messam dropped out of the race. Messam, 45, the mayor of Miramar, Florida, announced via Twitter that he was suspending his campaign. His withdrawal brings the number of Democrats still in the race to 17, with former New York mayor ..
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NewsBreak: Stocks Slump on Reports Trade Talks Stall
Yesterday, 19:24 – Stocks were slumping Wednesday afternoon as investors wrapped their arms around the idea a Phase One trade deal between the United States and China is stalled and probably won't get signed this year. The Dow Jones industrials were off 0.84%, or more than 230 points at 1:22 p..m. ET (18:22 GMT). The S&P 500 was off 0.8%, and the NASDAQ Composite was down 1%. If the Dow's loss holds, it would be the first time since ..
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Oil Jumps 3% as Bulls Rejoice Over Smaller Crude Build
Yesterday, 19:21 – Volatility was back forcefully in oil Wednesday with the market jumping nearly 3% to recoup almost all it lost in the previous session. Bulls were pouncing on government data showing a smaller-than-expected build in weekly U.S crude stockpiles. Gone were worries that there might not be a trade deal anytime soon between the United States and China – the catalyst for Tuesday’s selloff. Also cast aside was the ..
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Big banks would get climate stress tests under proposed U.S. law
Yesterday, 19:18
By Katanga Johnson WASHINGTON (Reuters) - U.S. Democratic Senator Brian Schatz of Hawaii on Wednesday introduced a bill that would direct the Federal Reserve to subject large banks to so-called "stress tests" measuring their resilience to climate-related financial risks. The proposed Climate Change Financial Risk Act of 2019 underscores growing worries among policymakers over the risks posed to the financial system by the frequency and severity ..
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#MeToo drove rise in CEO firings in 2018: report
Yesterday, 19:15
(Reuters) - The number of corporate leaders fired for #MeToo-related misconduct rose in 2018 while the number of S&P 500 companies led by females fell 20%, according to a report from U.S. think-tank the Conference Board. Firings of S&P chief executive officers related to the social media movement accounted for five of 12 dismissals last year, according to the report, published on Wednesday. In contrast, just one CEO was dismissed for ..
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Daimler CEO says electric cars need incentives to become mainstream
Yesterday, 19:12
FRANKFURT (Reuters) - Daimler Chief Executive Ola Kaellenius on Wednesday said the resulting drop in sales of electric and hybrid vehicles in China after incentives were curbed shows that they are still needed. The China Association of Automobile Manufacturers (CAAM), said sales of new energy vehicles (NEVs) fell 45.6% in October from year-ago levels, following a 33% decline in September. "When China pulled back incentives for new energy ..
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Latest News

Mexicans sue Walmart over Texas shooting that left victims on both sides of border
Today, 03:03
MEXICO CITY (Reuters) - Ten Mexican citizens have sued Walmart (NYSE:WMT) over the shooting at a store in the U.S. border town of El Paso, Texas, that killed eight Mexicans and left eight more injured, saying that Walmart did not do enough to protect its customers, Mexico said on Wednesday. The suspected gunman told police he was targeting "Mexicans" in the August shooting, which killed 22 people in total. Mexico's Foreign ..
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Oil dips on worries U.S.-China trade deal could slip to next year
Today, 02:09
By Koustav Samanta SINGAPORE (Reuters) - Oil prices retreated on Thursday as a spat over Hong Kong added to worries of a delay in any U.S.-China trade deal, after posting steep gains in the previous session on bullish U.S. crude inventory data. The trade war between the world's two biggest economies has dominated the outlook for future oil demand, and trade experts have warned the completion of a "phase one" U.S.-China trade deal could slip ..
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Google to let sites block personalized ads under California privacy law
Today, 02:06
By Paresh Dave SAN FRANCISCO (Reuters) - Websites and apps using Google's advertising tools will be able to block personalized ads to internet users in California and elsewhere as part of the Alphabet (NASDAQ:GOOGL) Inc unit's effort to help them comply with the state's new privacy law, it told clients this week. The California Consumer Privacy Act (CCPA), which goes into effect on Jan. 1, requires large businesses to let ..
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Apple supplier Japan Display says executive embezzled $5.25 million
Today, 02:03
TOKYO (Reuters) - Japan Display Inc said on Thursday it dismissed an accounting executive last year for embezzling about $5.3 million over four years since the Apple Inc (NASDAQ:AAPL) supplier went public in 2014. JDI said in a statement it had filed a criminal complaint against the former employee and that it was cooperating with police. The embezzlement was first reported by the Asahi newspaper on Thursday. The employee had defrauded the ..
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Asian shares slide as Sino-U.S. spat on Hong Kong clouds trade deal outlook
Today, 01:15
By Hideyuki Sano TOKYO (Reuters) - Global shares slid on Thursday as a fresh row between Washington and Beijing over U.S. bills on Hong Kong could complicate their trade negotiation and delay a "phase one" deal that investors had initially hoped to be inked by now. MSCI's broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) fell 0.16% while Japan's Nikkei (N225) dropped 0.25%. U.S. S&P500 futures (ESc1) dropped 0.2% in ..
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Alibaba to pay banks up to $32.3 million in fees for Hong Kong listing
Today, 01:12
By Scott Murdoch (Reuters) - China's Alibaba (N:BABA) will pay its investment banking syndicate up to $32.3 million for leading its Hong Kong listing which will raise up to $12.9 billion, according to documents filed with U.S. securities regulators. The e-commerce giant employed two co-sponsors, China International Capital Corp (CICC) and Credit Suisse (S:CSGN), to head the deal which has been carried out over the past week. The two lead ..
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Can he 'ride it out'? Pompeo future uncertain after impeachment testimony
Today, 01:09
By Jonathan Landay and Matt Spetalnick WASHINGTON (Reuters) - Testimony on Wednesday that U.S. Secretary of State Mike Pompeo played a more central role than previously known in President Donald Trump’s Ukraine dealings has fueled uncertainty within the administration about the top diplomat's future. Gordon Sondland, the U.S. ambassador to the European Union and a key figure in the Democratic-led impeachment inquiry against Trump, depicted ..
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Yen rises, yuan falls as U.S.-China trade deal this year looks unlikely
Today, 01:06
By Stanley White TOKYO (Reuters) - The yen rose against the dollar on Thursday after sources close to the White House told Reuters that a U.S.-China trade deal is unlikely this year, which spurred demand for safe-haven assets. The yuan eased toward a two-week low in offshore trade as failure to reach a deal to roll back U.S. tariffs would cause a further slowdown in China's economy and complicate efforts to keep growth on track. Some ..
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Fed holds off on permanent lending tool as policymakers mull details
Today, 01:03
By Matt Scuffham and Jonnelle Marte NEW YORK (Reuters) - The Federal Reserve will hold off deciding whether to introduce a permanent lending facility aimed at staving off the money market ructions seen earlier this fall even as a growing number of policymakers warm to the idea, several sources told Reuters. Concerns ranging from how to fine tune such a facility to whether the temporary solution the Fed installed several weeks ago is sufficient ..
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Google changes election ads policy to limit targeting
Today, 00:30
By Elizabeth Culliford (Reuters) - Alphabet Inc's (O:GOOGL) Google will stop giving advertisers the ability to target election ads using data such as public voter records and general political affiliations, the company said in a blog post on Wednesday. The move comes at a time when social media platforms are under pressure over their handling of political advertising ahead of the U.S. presidential election in 2020. Social media giant ..
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