• Congress punts flood insurance extension to next week

    16 days ago - By Inman

    The U.S. Senate on Thursday passed a six-month extension to the National Flood Insurance Program just hours before the program lapsed.
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  • NPD: U.S. video game spending up 24% to $9.1 billion in Q3 2018

    NPD: U.S. video game spending up 24% to $9.1 billion in Q3 2018

    16 days ago - By Venture Beat

    Consumer spending on video games in the U.S. during Q3 2018 reached $9.1 billion in the U.S., according to The NPD Group.
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  • Whitaker Appears to Have Misled FTC Over Actions at Miami Firm

    16 days ago - By Fortune

    New documents released by the U.S. Federal Trade Commission suggest that acting Attorney General Matthew Whitaker misled the agency's investigators as he was stepping into his role last year as Justice Department chief of staff.
    After several attempts to reach Whitaker about the Miami company where he was on the advisory board, the FTC investigator emailed his colleagues to relay that he finally reached Whitaker, who was willing to cooperate and asserted that he "never emailed or wrote to consumers" in his consulting role.
    That statement to James Evans of the FTC appears to be inaccurate...
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  • U.S. oil prices briefly fall under $50, ahead of OPEC gathering at G-20

    16 days ago - By ETF Daily News

    From Myra P. Saefong & Rachel Koning Beals : Oil prices fell Friday, with U.S. benchmark crude touching lows under $50 a barrel, after bouncing Thursday on reports that Russian officials are signaling a likely output cut in tandem with other major producers.
    Trading action was held in check ahead of weekend meetings of the Group of 20 global leadership in Argentina, where oil talks are expected take place on the sidelines ahead of an official meeting on Dec. 6 between the Organization of the Petroleum Exporting Countries and its allies.
    Read: Here's what's at stake in the oil market when...
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  • BestWeek: Ex-FIO Chief Says Regulatory Changes Post Crisis Were Not Popular, but Vital

    16 days ago - By A.M. Best

    It's been 10 years since the U.S. government bailed out American International Group Inc. with $180 billion. The 2008 financial crisis devastated Wall Street and left the world's largest economy ...
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  • Wall Street treads water ahead of Trump-Xi trade talk

    16 days ago - By Reuters

    U.S. stocks were trading flat on Friday as investors stayed away from making bets ahead of a much-awaited meeting between the United States and China that could decide the course of a bitter trade dispute between the two economies.
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  • Wall St. Treads Water Ahead of High-Stakes U.S.-China Trade Meeting

    16 days ago - By NY Times

    U.S. stocks treaded water on Friday heading into a U.S.-China trade meeting on the sidelines of the G20 Summit, whose outcome would decide the fate of the ongoing trade dispute that has roiled financial markets.
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  • Sprint Win Upheld in $140 Million Time Warner Cable Verdict

    16 days ago - By Fortune

    Sprint Corp. won an appeals court decision that affirmed a $140 million patent-infringement verdict against Time Warner Cable Inc. concerning Voice over Internet Protocol services.
    The U.S. Court of Appeals for the Federal Circuit on Friday affirmed a jury decision that Time Warner Cable, now owned by Charter Communications Inc., infringed five Sprint patents related to packet-switched networks. The 2-1 panel decision was posted on the court's electronic docket.
    Sprint filed the suit against Time Warner Cable and other cable television companies in 2011, claiming they used, without...
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  • U.S. mobile app stores had their biggest day ever on Black Friday 2018

    U.S. mobile app stores had their biggest day ever on Black Friday 2018

    16 days ago - By Tech Crunch

    Black Friday wasn't just a boon for e-commerce retailers , it helped the mobile app stores break new records, too. According to a new report from Sensor Tower, the combined consumer spending across the U.S. Apple App Store and Google Play on Black Friday 2018 reached $75.9 million - a record for the most ever spent in a single day on both stores.
    The App Store accounted for most of that figure, however, with U.S. consumers spending a record $52 million on Black Friday. That's a 31.6 percent increase in spending over last year's shopping event, when consumers then spent $39.5 million.
    It's...
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  • Stocks waver before trade meeting; oil prices fall again

    16 days ago - By Chron

    NEW YORK - Stocks are wobbling ahead of the highly-anticipating trade meeting between President Donald Trump and President Xi Jinping of China. Investors have long hoped the two will use their meeting at the Group of 20 summit to start resolving the trade dispute between the two countries. Energy companies sank as crude oil dropped under $50 a barrel for the first time since September 2017.
    KEEPING SCORE: The S&P 500 index added 2 points, or 0.1 percent, to 2,740 at 10 a.m. Eastern time. The Dow Jones Industrial Average slipped 20 points, or 0.1 percent, to 25,318. The Nasdaq composite...
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  • Whither Trade Relations?

    16 days ago - By Economy

    The U.S. and China will explore a trade deal at the G-20 Summit, but we are not holding our breath.
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  • Trump-Xi meet, a turning point in global trade war?

    16 days ago - By Reuters

    Will U.S. President Donald Trump's much-heralded meeting with Chinese counterpart Xi Jinping in Argentina on Saturday lead to an easing of the Sino-U.S. trade conflict?
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  • U.S. appeals court upholds Sprint patent verdict against Time Warner Cable

    16 days ago - By Reuters

    A U.S. appeals court on Friday upheld a roughly $140 million jury verdict in favor of Sprint Corp in its lawsuit accusing Time Warner Cable Inc, part of Charter Communications Inc, of using patented technology without authorization.
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  • Don't undermine EU trade stance, Merkel ally warns German car chiefs

    16 days ago - By Reuters

    A top ally of Chancellor Angela Merkel warned German car bosses on Friday not to undermine the European Union's united negotiating stance on U.S. trade tariffs when they meet senior officials in Washington next week.
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  • Wall Street opens flat ahead of Trump-Xi trade meeting

    16 days ago - By Reuters

    U.S. stocks opened flat on Friday as caution mounted ahead of a high-stakes U.S.-China trade meeting at the G20 Summit, whose outcome would determine if the trade war that has roiled financial markets would abate or worsen.
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  • U.S.-China dispute casts shadow as world leaders gather in Argentina

    16 days ago - By Reuters

    The leaders of the world's top economies gathered in Argentina on Friday for talks overshadowed by a U.S.-China trade war that has roiled global markets, bracing for the kind of geopolitical drama U.S. President Donald Trump often brings to the international stage.
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  • Trade Pact Is Signed, but U.S.-Canada Rift Remains

    16 days ago - By NY Times

    The road to a new agreement between Canada, Mexico and the U.S. has soured the relationship between President Trump and Prime Minister Justin Trudeau.
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  • Trump-Xi G20 Talks Don't Look Promising at the Start

    16 days ago - By Fortune

    In the G20 summit taking place now in Argentina, probably nothing is attracting as much attention now as the planned talks between Donald Trump of the U.S. and China's Xi Jinping.
    The main topic for the two presidents is likely to be the ongoing trade war between the countries. But with tensions going in and a recent move by Trump, it's unclear whether a face-to-face meeting will result in any improvement. That could have significant impact on the global economy.
    China and the U.S. only recently restarted trade talks in the escalating trade war as both sides have imposed stiff tariffs that...
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  • U.S. Trade Representative says any U.S.-China agreement entirely up to leaders

    16 days ago - By Reuters

    There will be good discussion on "very serious issues" between U.S. President Donald Trump and his Chinese counterpart Xi Jinping on Saturday but any agreement will be "entirely up to" the two leaders, U.S. Trade Representative Robert Lighthizer said on Friday.
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