John McCain ‘no’ vote kills Obamacare repeal effort in Senate

Drained by self-inflicted wounds, shifting aims and unrelenting protests, Republicans’ push to kill off President Obama’s signature health law sputtered out of gas early Friday, as Senate leaders failed to rally the votes for a significantly pared-down repeal bill in a vote after midnight. Sen. John McCain, the Arizona Republican who stormed back to Washington after… Please follow and like us:

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Starbucks closes Teavana stores, doubles down on China as quarter’s sales growth misses forecasts

SEATTLE — Focusing on its core coffee-shop business, Starbucks on Thursday said it will close its Teavana stores, even as it takes full ownership of all Starbucks stores in China in that rapidly expanding market. The company is closing all 379 Teavana retail stores, saying that they’re struggling and would likely continue doing so. Many of… Please follow and like us:

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The energy factor in the GCC crisis

As top diplomats from various countries flock to the Gulf in an attempt to solve the GCC rift, major energy companies continue to vie for competitive projects in the oil and gas fields in the region. The latest of these projects is the development of the South Pars/North Field, the world’s largest natural gas field, which… Please follow and like us:

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Is the Silicon Valley Bubble About To Pop?

This article was originally published on The Conversation. Read the original article. As Facebook’s shares hit a record high, CEO Mark Zuckerburg will be patting himself on the back for bucking the trend and outperforming financial projections for eight consecutive quarters. Meanwhile, many of his competitors are worried—and they should be. While Evan Spiegel, 27-year-old CEO… Please follow and like us:

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Google Uncovers, Blocks Malware Possibly Used To Spy On Android Users

A team of security researchers at Google discovered and blocked a new family of Android malware developed by a cyber arms company that may have its roots in state-sponsored spying efforts. The malware—known as Lipizzan—contained references within its code to an Israeli tech firm called Equus Technologies, which offers “tailor made innovative solutions for law enforcement,… Please follow and like us:

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US Lawmakers Reach Deal on Sanctions for Russia, Iran and North Korea

U.S. lawmakers have reached an agreement that clears the way for a bill imposing new sanctions in Russia, Iran and North Korea to be sent to President Donald Trump for approval. Sen. Bob Corker announced the deal in a statement late Wednesday, saying it came after discussions with House Majority Leader Kevin McCarthy. Corker had earlier… Please follow and like us:

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Ford profits increase 4 percent to $2 billion for second quarter

DETROIT — Ford said Wednesday it earned a profit of $2 billion during the second quarter, a 4 percent increase from the same period a year ago as profits from the company’s North American region helped it record better-than-expected results. In North America, the Dearborn, Mich., automaker is still churning out profits thanks in part to… Please follow and like us:

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Bogus Fed research claim: “Gold Standard didn’t really tame inflation”

By Mike “Mish” Shedlock The Wall Street Journal reports Gold Standard Didn’t Really Tame Inflation, New Research Says. The research was by St. Louis Fed economist Fernando Martin. Curiously, his study precisely shows that the gold standard did indeed tame inflation. Let’s investigate Martin’s bogus claim and his peculiar logic in making it. In his email… Please follow and like us:

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U.K. Reviews Defense Capabilities Before Leaving Europe

Britain has embarked on a review of its national security capabilities before the end of the year, drawing in its Treasury, Ministry of Defense and other key departments. “The national security capability review will include examination of the policy and plans which support implementation of the national security strategy, and help to ensure that the U.K.’s… Please follow and like us:

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Fed leaves interest rates unchanged amid concerns about low inflation

WASHINGTON — The Federal Reserve left interest rates unchanged Wednesday and conveyed a tad more concern about recent inflation trends, clouding the prospects for when the next rate hike might come. At the same time, the central bank said after its two-day meeting that U.S. economic conditions looked good, with job growth solid and consumer and… Please follow and like us:

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Foreign banks get investment boost

Industry insiders as well as analysts feel China’s regulator will further open up the financial sector China has loosened up market access for foreign banks that want to invest in domestic lenders. Industry insiders expect policymakers will continue to open up the sector, after the country’s top banking regulator issued a statement last week clarifying the… Please follow and like us:

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The Top Undervalued Penny Stocks for 2017

The Best Undervalued Penny Stocks FOREX INVESTORS BUZZ Undervalued Penny Stocks For some, there is no better market than the penny stock market. The opportunity for massive gains with such a low cost to entry means that, for a relatively low sum, you can eventually see returns in the hundreds, sometimes thousands, of percentage points. This… Please follow and like us:

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Trump Assault on Sessions Follows Pattern of Berating Subordinates

President Donald Trump kept up a broad and puzzling offensive against his own attorney general Tuesday, even as allies of both men nervously tried to broker a peace. The issue will be resolved “shortly,” said Anthony Scaramucci, the new communications director for the White House, speaking to reporters during an eventful Tuesday morning. But peace between… Please follow and like us:

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SEC Says Securities Laws Apply To Cryptocurrency Trade

An investigation by the Securities and Exchange Commission of some cryptocurrency transactions that took place between April and May 2016 has found that even virtual financial offerings, such as cryptocurrencies based on blockchain technology, are subject to federal securities laws. In the specific incident under investigation, which the report found did not comply with the law,… Please follow and like us:

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Why is India sensitive to China’s road building?

The “eyeball-to-eyeball standoff” between Chinese and Indian troops high in the Himalayas is the longest yet. Usually border incursions are sorted out within days, but this one has been going on for more than a month with no sign of it ending. Whereas the vast majority of frictions at the Line of Actual Control occur in… Please follow and like us:

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