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The bank was careful to stress that it would withdraw support for the economy only gradually, saying its key interest rate would not rise from its record low of zero until at least the summer of 2019. "It doesn't seem like we're at the stage where the hawks are on top of things". It is possible that the cautious mood has something to do with the fact that today it is expected that the White House will unveil a smaller list of tariffs on between 800 to 900 Chinese products, raising concerns ...
  • Arrington says President Trump tweet helped her defeat Sanford

    Arrington says President Trump tweet helped her defeat Sanford

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    With 98-percent of precincts reporting, Arrington led the race by about 2,500 votes - enough to avoid a runoff and secure the Republican nomination. In North Dakota , Republican Rep. Kevin Cramer easily won the nomination to challenge Democratic Sen. "So she won 'cause it's just about gender?" The district, which stretches up past Green Bay along Wisconsin's northern peninsula, has traditionally been Republican, with the GOP incumbent who ran in 2014 winning with 62% of the vote.
  • Massachusetts Named One Of The Least Affordable States For Renters

    Massachusetts Named One Of The Least Affordable States For Renters

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    The report found that workers need to make more than $28 an hour to afford a two-bedroom apartment, or work more than 104 hours a week at the current minimum wage of $11 an hour. But opting for a one-bedroom apartment may not help. For example, this week corporations including Starbucks and Amazon successfully lobbied to have the city of Seattle repeal a corporate, $275-per-employee head tax that would have raised about $50 million dollars for services addressing homelessness and ...
  • Bitcoin prices manipulated, says study

    Bitcoin prices manipulated, says study

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    Tether , as its name suggests, is pegged to the value of the United States dollar and can be used to buy other crypto coins. Released on June 13, 2018, the study by professor John Griffin and Ph.D. These patterns can not be explained by investor demand proxies but are most consistent with the supply-based hypothesis where Tether is used to provide price support and manipulate cryptocurrency prices.
  • Mercedes forced to recall hundreds of thousands of cars

    Mercedes forced to recall hundreds of thousands of cars

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    According to the authorities, the cars use an illegal shut-off device that reduces exhaust gas cleaning when the vehicles are being driven normally on the road. Earlier Daimler chairman, Dieter Zetsche , had said a technical solution had been found to the software problems and that he did not expect the company to be fined.
  • Fed raises interest rates and predicts faster pace of future increases

    Fed raises interest rates and predicts faster pace of future increases

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    In a few hours, several banks will respond by raising their prime lending rate , the starting point of borrowing costs for nonmortgage loans like credit cards and auto loans. The Federal Reserve is widely expected to announce in a statement at 2 p.m. ET that it made a decision to raise interest rates. Inflation , which has been mysteriously low during the long economic recovery, has finally passed 2%, the level the Fed considers healthy.
  • North Korea Summit: Trump and Kim pledge to leave the past behind

    North Korea Summit: Trump and Kim pledge to leave the past behind

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    As much as President Donald Trump spars with Hollywood, the former reality TV star has his own flair for theatrics. "Very, very quickly, absolutely". Trump said the video was played for about eight members of the North Korean delegation, "and I thought they were fascinated by it". "Will I come back to you in a year, and you'll be interviewing me, and I'll say, 'Gee, I made a mistake?' That's always possible", he added.
  • Fed Adjusts How It Raises Short-Term Rates to Keep Them Anchored

    Fed Adjusts How It Raises Short-Term Rates to Keep Them Anchored

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    Announcing the decision to increase its target for the fed-funds rate to a range of 1.75% to 2%, the Fed described the U.S. jobs market as "strong" and said economic activity had been rising at "a solid rate". So-called core inflation - which excludes volatile items like energy and housing - is now 2.2 percent, around the level the Fed is looking for. The average 30-year fixed mortgage rate recently hit a seven-year high, before retreating a bit to 4.54 percent.
  • Oil prices turn positive as US crude inventories fall

    Oil prices turn positive as US crude inventories fall

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    United States light crude was 40 cents lower at $65.96. "Put the exports of crude on top of that, and it's just a really bullish report ". IEA's scenario showed that by the end of next year output from these two countries could be 1.5 million bpd lower than now, amid USA sanctions against Iran and the production collapse in Venezuela.
  • Uber submits patent to detect drunken app users

    Uber submits patent to detect drunken app users

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    The premise of the software is to use a learned algorithm to determine a user's state of inebriation. It could also prevent the passenger from joining shared rides. The patent application also indicates that the Uber service may change based on the outcome of the data analysis. It is not known if the information will be used to stop drivers from picking up drunk passengers in order to avoid potential trouble.
  • Lesbian couple kicked out of Uber by 'homophobic' driver

    Lesbian couple kicked out of Uber by 'homophobic' driver

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    A Taxi and Limousine Commission spokesman calls the driver's behavior "ridiculous". The couple had called the Uber to take them from Gowanus to the East Village, and it was just over the Manhattan Bridge when they say the incident began. CNN reached out to the couple about el Boutari's claims. Uber's Community Guidelines state , in the "Give riders and drivers some personal space" section, "We all value our personal space and privacy".
  • Jaguar Land Rover to Move Discovery SUV Production to Slovakia

    Jaguar Land Rover to Move Discovery SUV Production to Slovakia

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    The company warned that there may be some job losses in the United Kingdom as a result. Monday's announcement comes after JLR said this year it will cut 1,000 jobs and reduce production at two of its English factories as demand for diesel cars slumps in the face of higher taxes and a regulatory crackdown.
  • Trump, Kim agree to repatriating United States military remains

    Trump, Kim agree to repatriating United States military remains

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    China on Tuesday praised the summit between US President Donald Trump and North Korean leader Kim Jong Un as historic and called for "full denuclearisation" to resolve tensions on the Korean peninsula. 4. He said he thinks holding the (quote)"wargames" is very provocative when there's a reconciliatory mood building between Washington and Pyongyang.
  • Full text of Trump-Kim summit agreement

    Full text of Trump-Kim summit agreement

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    But when pressed by reporters , the secretary of state would not say whether that could include reduction of the number of or removal of USA troops in South Korea. The North Korean leader then traveled to the St. Regis Hotel - where he will be staying for the duration of the visit - in his armored limousine, which arrived on a separate flight.
  • Amazon steps up Prime rollout at Whole Foods

    Amazon steps up Prime rollout at Whole Foods

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    To access the savings, customers open the Whole Foods app, sign in with their Amazon account and scan the app's Prime Code at checkout. Amazon announced its Prime members in North Carolina will receive an exclusive discount at local Whole Foods Market stores starting Wednesday, June 13th.
  • Elon Musk promises self-driving Teslas in upcoming software update

    Elon Musk promises self-driving Teslas in upcoming software update

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    The Article from Tesla's Next Roadster Will Feature Actual SpaceX Rocket Thrusters-Elon Musk . 'To date, Autopilot resources have rightly focused entirely on safety. Musk and Tesla first announced the specs of the new Roadster back in November, stating that "these numbers sound nutty, but they're real". In a rare move, the NTSB in April said it had tossed Tesla from the investigation, asserting the Silicon Valley auto maker violated a formal agreement to be a "party" to the probe ...
  • FCC chairman celebrates the end of net neutrality with more lies

    FCC chairman celebrates the end of net neutrality with more lies

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    Monday marks the official end of the federal government's net neutrality rules , the Obama-era regulations that said Internet providers can't block or slow down websites, or prioritize their own content over others. Congress attempted to overturn the FCC repeal, passing a resolution to do so with a bipartisan vote in May. "The big ISPs know that they're being watched - by Congress, by the courts and by their customers", she said.
  • Trump, Kim make history with first-ever US-North Korean summit

    Trump, Kim make history with first-ever US-North Korean summit

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    The two clasped hands for a long while as they posed for photos in front of a row of USA and North Korean flags. After taking their seats in a room where they will hold their first meeting of the day, the president briefly engaged in a question from a reporter who asked him how he was feeling.
  • Donald Trump: Top economies should drop all tariffs

    Donald Trump: Top economies should drop all tariffs

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    Trump (@realDonaldTrump) June 9, 2018Fair Trade is now to be called Fool Trade if it is not Reciprocal. Trudeau's foreign minister responded by condemning "ad hominem attacks", and Germany and France criticised Trump's comments. Navarro said Trump "did the courtesy to Justin Trudeau to travel up to Quebec for that summit". And what did Trudeau do as soon as the plane took off from Canadian airspace? "That will not stand".
  • Donald Trump, Kim Jong-un arrive in Singapore for historic summit

    Donald Trump, Kim Jong-un arrive in Singapore for historic summit

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    Trump himself seemed optimistic as well. And, just previous year, North Korea was named by the USA government as the culprit behind the massive "WannaCry" ransomeware attack, which infected hundreds of thousands of computers around the globe and severely disrupted the United Kingdom's health care sector.
  • North Korea's Kim lands in Singapore ahead of summit with Trump

    North Korea's Kim lands in Singapore ahead of summit with Trump

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    Meanwhile, President Trump arrived at Paya Lebar Airbase in Singapore in the evening and was also received there by the country's foreign minister Vivian Balakrishnan. It heralded the summit as part of a "changed era". But he has since lowered expectations, saying the talks would be more about starting a relationship with Kim for a negotiating process that would take more than one summit.
  • Bitcoin and Ethereum plummet after Coinrail hack

    Bitcoin and Ethereum plummet after Coinrail hack

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    Bitcoin has dropped 11 percent since 5 p.m. After opening a probe into possible bitcoin price manipulation, the government agency is asking platforms like Coinbase, Kraken, itBit and Bitstamp to hand over relevant trading data from December of past year and on so authorities can see if manipulative bitcoin futures trading has had any effect on the price.
  • Kia recalls 507,000 vehicles in US for air bag issues

    Kia recalls 507,000 vehicles in US for air bag issues

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    It was added that a few injuries caused by the issues have been reported. The problem also impacted Hyundai, which is affiliated with Kia . In these crashes, four people were killed and another six were injured. ZF said on Friday that it has worked with Kia and "continues to cooperate and support NHTSA and its customers in the investigation ". The 2013 Forte crash took place in Canada.
  • Singapore summit: Will striking a deal with Trump risk Kim's regime?

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    Kim will be able to claim a huge propaganda bonus by sitting as an equal with the U.S. president, an accomplishment his father and grandfather sought but could never realise. He noted the goodwill gesture of Pyongyang recently releasing "three hostages" - Americans who had been imprisoned in the country - and that was enough for him to proceed with the summit.