• $190M in cryptocurrency lost after Quadriga founder dies with password
$190M in cryptocurrency lost after Quadriga founder dies with password

And though Ms Robertson is still in possession of her husband's laptop, she said she did not know the password. The mysterious circumstances also gave rise to theories that Cotten hadn't actually died (though Robertson included his death certificate with the affidavit ), and at least one payment processing firm holding some of the company's cash f...

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  • Facebook (FB) Shares Gap Up on Analyst Upgrade
Facebook (FB) Shares Gap Up on Analyst Upgrade

Sales came in at $16.64 billion, beating estimates by $230 million. This is about 9 percent increase year over year. As a group, equities research analysts predict that Facebook, Inc . "Most of Facebook's advertisers have no other place to go with a return on investment this good". The stock rose 4.3 percent in the regualr session.

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  • Vet unemployment up in January
Vet unemployment up in January

The average hourly earnings also increased by 3.2 percent year-on-year. January marked a record 100 straight months of job gains. While some positions grew, the USA government shutdown led to a higher unemployment rate. The Labor Department calculates the unemployment rate by using a different survey - known as the household survey - where they...

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  • Amazon (AMZN) 4th Quarter Earnings: What to Expect
Amazon (AMZN) 4th Quarter Earnings: What to Expect

Historical context . The company has beaten analysts' earnings-per-share estimates five of the last eight fourth-quarter reports, but it has beaten sales estimates only once, a year ago. They still have some breathing room, however, as Facebook this week reported more than $16 billion in ad sales in just the fourth-quarter of previous year, while G...

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  • US Treasury Specifies Sanctions On Venezuelan Oil Imports
US Treasury Specifies Sanctions On Venezuelan Oil Imports

Maduro's time is running out, but in order to manage his exit with the minimum of bloodshed, all of Venezuela must unite in pushing for a definitive end to his regime", Guaido wrote, adding that any transition of power could not happen without support from "pro-democratic governments" and "key military contingents".

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  • US gasoline glut hits new record, crude stocks up
US gasoline glut hits new record, crude stocks up

Inflation is projected to reach a stunning 10 million percent in 2019. But McMonigle, now senior energy policy analyst at Hedgeye Potomac Research, believes Trump is very likely to impose sanctions. The only countries that sent more crude to the United States were Canada, Saudi Arabia and Mexico. Refineries along the Gulf Coast are set up to ...

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  • Chinese trade deal 'unacceptable' unless Beijing opens markets
Chinese trade deal 'unacceptable' unless Beijing opens markets

The president briefly spoke to reporters before meeting with Chinese Vice Premier Liu He, saying that China has agreed to purchase 5 million tons of US soybeans per day. The non-partisan Congressional Budget Office on Monday said it expected that Trump's tariffs on steel, aluminum, and Chinese goods would cut the US's real gross domestic product ...

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  • Apple says sales fell in the first quarter
Apple says sales fell in the first quarter

Apple shares rose nearly 4 percent in extended trading on Tuesday. Despite all that, CEO Tim Cook looked to put the best possible spin on Apple's results, noting the company saw record highs in revenue for its Mac and wearables business.

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  • Justice Department files charges against tech giant Huawei
Justice Department files charges against tech giant Huawei

Ltd, a company in Iran, in violation of US laws. Engadget has contacted Huawei for comment. Canadian officials arrested Meng on a US warrant December 1. "The criminal activity in this indictment goes back ten years and goes all the way to the top of the company ", said Whitaker. The US Department of Justice on Monday charged Huawei with ...

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  • Feds Estimate Trump's Shutdown Cost Economy $11B
Feds Estimate Trump's Shutdown Cost Economy $11B

The Congressional Budget Office Report predicts a $118 billion increase over last year's $779 billion deficit. The CBO said that prior to the shutdown it expected the United States economy to grow by about 2.3% in 2019, slowing from 2018 as a boost from federal spending and 2017 tax cuts fades.

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  • Trump insists Mexico wall will be built despite deal to end shutdown
Trump insists Mexico wall will be built despite deal to end shutdown

The influential conservative news website Drudge Report in a banner headline made a point of saying the deal contained "No Wall Funds". Even after Trump re-opened the government to negotiate on border security, Democrats reiterated their staunch opposition to a barrier at the southern border.

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  • Huawei flags 5G smartphone coming to MWC
Huawei flags 5G smartphone coming to MWC

Huawei has confirmed that it will show off the world's first 5G smartphone with a foldable screen at MWC 2019 at the end of February. The move by Vodafone follows a decision by BT Group Plc to rip Huawei gear out of the core of its mobile network in the U.K.

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  • Stocks are falling after China revealed worst growth since the financial crisis
Stocks are falling after China revealed worst growth since the financial crisis

Gopinath said the International Monetary Fund had revised its global growth forecast for 2019 to 3.5 percent, 0.2 percentage points lower than the previous estimate. "Persistent trade tensions, high global debt levels and a contraction in growth in several key economies has changed the global outlook", he will say.

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  • China's Economy Slows to Lowest Level in almost 30 YEARS
China's Economy Slows to Lowest Level in almost 30 YEARS

Beijing has also said it will pass other measures to stimulate growth, including cutting taxes and making it easier for banks to lend. Earlier this month Apple issued a rare earnings warning, blaming a slowdown in sales on China's weaker consumer spending power.

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  • Netflix growth falls short as programming fails to hook viewers
Netflix growth falls short as programming fails to hook viewers

The net gains were driven by global, where Netflix added 7.3 million, with the remaining 1.5 million in the U.S. Netflix is forecasting a similar gain in Q1 2019 to take it to 148 million customers. The online entertainment company said Thursday that paid memberships increased by 8.84 million in the fourth quarter, beating its own forecast ...

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  • U.S. crude oil refinery inputs decrease last week
U.S. crude oil refinery inputs decrease last week

While crude oil market saw highly active week so far, there is no visible change in actual price action. After closing out 2018 in free-fall, USA crude prices have rebounded more than 18 percent to start this year. That's an area that of course attract a lot of attention but we are also in the process of building an inverse head and shoulders, ...

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  • New Report Reveals Trump’s Proposed Border Wall Compromise With Democrats
New Report Reveals Trump’s Proposed Border Wall Compromise With Democrats

Trump has signed legislation to give back pay to federal workers once the government is reopened. President Trump speaks about the partial government shutdown , immigration and border security in the Diplomatic Reception Room of the White House in Washington on Saturday, Jan.

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  • French govt seeks new Renault boss, ditches Ghosn
French govt seeks new Renault boss, ditches Ghosn

Last week, Ghosn was hit with further charges for alleged financial misconduct - all of which he denies. Both men deny the deferred pay agreements were illegal or required disclosure, while former alliance boss Ghosn has denied a separate breach of trust charge over personal investment losses he temporarily transferred to Nissan in 2008.

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  • France launches $57m plan for no-deal Brexit
France launches $57m plan for no-deal Brexit

LONDON-Prime Minister Theresa May will try on January 17, to break the impasse in Britain's political elite over how to leave the European Union by searching for an emergency exit deal, though there is so far little sign of compromise. But two years later nearly none of them are ready to come into force if Brexit happens on time, the Financial...

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  • Ford and Cadillac SUVs, Toyota sports car star at auto show
Ford and Cadillac SUVs, Toyota sports car star at auto show

It claims we'll see one new model every six months through 2021. However, past year Cadillac parent-company General Motors announced it will recruit 150 engineers to form the Australian division of the Advanced Vehicle Development team, who will focus on autonomous and electric technologies.

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