Category: Business

  • China imposes anti-dumping deposits on US sorghum

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    China has announced a hefty anti-dumping move against US sorghum imports, as a multi-billion dollar tit-for-tat trade spat between the two nations continues. China said US importers would have to pay a temporary 178.6% deposit on the value of their imports from Wednesday. China initiated its investigation into US sorghum imports in February. US growers […]

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  • U.S. Earns More in China Than Trade Numbers Reveal

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    That leaves American companies vulnerable to retaliation by Beijing. It also gives them more reason to defuse trade tensions. American companies are doing much more in China than the U.S. trade deficit suggests. It’s their greatest weakness. The deficit, the difference between what the U.S. imports from China and what it exports there, widened to $375 […]

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  • China posts strong growth despite trade concerns

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    China’s economy grew at a slightly faster-than-expected pace of 6.8 percent in the first quarter, buoyed by strong consumer demand and robust property investment. Resilience in the world’s second-largest economy will likely keep a synchronized global recovery on track for a while longer, even as China faces rising tensions with the United States that could […]

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  • Trillion-dollar budget deficits will make next recession more painful

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    1. Maxing out the credit card: House Speaker Paul Ryan, who built his career on the promise of fiscal responsibility, is leaving behind a looming $1 trillion budget deficit. In the short run, Ryan’s signature achievement of tax cuts could extend the life of America’s recovery from the Great Recession. Yet those same tax cuts, enacted […]

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  • Raymond James & Associates Buys 58,286 Shares of DTE Energy (NYSE:DTE)

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    Raymond James & Associates increased its holdings in shares of DTE Energy (NYSE:DTE) by 95.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,075 shares of the utilities provider’s stock after acquiring an additional 58,286 shares during the quarter. Raymond James & Associates […]

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  • Musk insists Tesla does not need more capital, predicts profit soon

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    Tesla Inc (TSLA.O) will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors, billionaire Chief Executive Elon Musk said on Friday, driving shares in the electric carmaker higher. Tesla has already sought this month to play down widespread Wall Street speculation that it […]

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  • McDonald’s stock slips on news of hepatitis A infected worker

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    Another foodservice worker in Kentucky has been confirmed infected with the hepatitis A virus, but this time a McDonald’s location is implicated and the customers who ate and drank there are not the only people at risk. The fast food giant’s shareholders saw their stock dip with the news. Madison County (Kentucky) Health Department officials […]

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  • JP Morgan’s Dimon says U.S. economy still looks ‘pretty good’

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    BOSTON  – JPMorgan Chase Chief Executive Jamie Dimon said on Wednesday the U.S. economy still looked “pretty good” and that there was no law that says growth cannot continue. But there will be a downturn at some point, Dimon told the John F. Kennedy Jr. Forum at Harvard University. Asked to assess the chances the […]

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  • Why Is Uber Buying an Electric-Bike Company?

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    Because short car trips are costing it a fortune—and riders might be seduced by a bicycle with some extra oomph. There’s a joke that every startup is answering the question “What is my mom no longer doing for me?” (Giving me a ride, doing my laundry, you get the idea.) Subtext: Silicon Valley is teeming […]

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  • Apple says it’s now powered by 100 percent renewable energy worldwide

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    Apple announced today that its business is now powered by 100 percent renewable energy sources. The news is a major victory that the iPhone maker has been working toward for years through the purchase of green energy bonds and other renewable investments in its supply chain and physical infrastructure. The company’s last milestone, announced two years ago, was 93 percent […]

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