• Facebook sheds nearly $40 billion in value

    8 monthes ago - By Reuters

    Facebook shares fell on Monday after media reports that a political consultancy that worked on President Donald Trump's campaign gained inappropriate access to data on 50 million Facebook users.
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  • Trump ready to ramp up drone exports

    8 monthes ago - By Reuters

    The Trump Administration is nearing completion of new rules to make it easier for U.S. defense contractors to sell military drones overseas, in a bid to counter similar bids by China and Israel.
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  • Trump Hasn't Called to Congratulate Putin on His Reelection. But the Kremlin Says That's Fine, Really

    8 monthes ago - By Fortune

    Vladimir Putin isn't concerned that U.S. President Donald Trump hasn't called to congratulate him on his record victory in Russia's presidential elections , the Kremlin said.
    "We should not consider this an unfriendly step" and Putin remains open to normalization of relations with the U.S. where it's in Russian interests, Kremlin spokesman Dmitry Peskov told reporters on a conference call Tuesday. "There's no need to exaggerate anything."
    Hinting that there's still time for a telegram or call from the White House, Peskov added: "Tomorrow's another day." Many foreign leaders have already...
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  • The US government is ramping up borrowing just as its biggest lender is pulling back

    The US government is ramping up borrowing just as its biggest lender is pulling back

    8 monthes ago - By Business Insider

    The US budget deficit is set to increase sharply following the passage of President Donald Trump's tax cuts and budget plan, at a time when bond yields are already under upward pressure.
    The Federal Reserve's gradual withdrawal from the bond market as it implements a policy of gradually reducing its balance sheet may compound that pressure.
    "If the supply of debt continues to increase as projected, higher interest rates are likely in the near horizon," warn St. Louis Fed staffers in a research note.
    If Wall Street is worried about the Federal Reserve's looming interest rate hikes this...
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  • President Trump Bans U.S. Citizens From Buying Venezuelan Cryptocurrency Petro

    8 monthes ago - By Fortune

    President Donald Trump banned U.S. purchases of a cryptocurrency the Venezuelan government is rolling out, as part of a campaign to pressure the government of President Nicolas Maduro.
    Trump issued an order on Monday prohibiting U.S. citizens from engaging in transactions using the oil-backed currency, called the Petro. He authorized Treasury Secretary Steven Mnuchin to issue any necessary regulations to enforce his order.
    Maduro created the currency to try to salvage his country's failing economy, where inflation is estimated to spiral to 13,000 percent this year.
    The ban complicates the...
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