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USA crude production hits record, passing Saudi Arabia

The trading sentiment dampened in futures trade after oil prices fell for a sixth day as Iran announced plans to boost production and U.S. crude output hit record highs, adding to concerns about a sharp rise in global supplies, analysts said.

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Topic of the Day: Are you concerned about the Dow decline?

On the Nasdaq , 1,670 issues rose and 1,099 fell. Investors remain fearful that signs of rising inflation and higher interest rates could bring an end to the bull market that has sent stocks to record high after record high in recent years.

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Dow tanks 1000 points, ends 4% lower as selloff deepens

While Wednesday's trading lacked the wild swings of the prior two sessions, the Dow industrials moved in a more than 500-point range, more than three times the average daily swing over the past year. By 8:32 am ET (1332 GMT), Dow e-minis were up 111 points, or 0.45%, S&P 500 e-minis were up 13 points, or 0.49%. But the declines have led to questions for President Donald Trump, who had repeatedly boasted of the market's rapid rise in value past year.

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U.S. stocks close lower after strong jobs report

The Nasdaq is up 337.56 points, or 4.9 percent. Against this backdrop, the Dow is on track to trade below 26,000 for the first time since January 22, and in danger of snapping its four-week winning streak. The Russell 2000 shed 60.79 points, or 3.9 percent. Exxon Mobil reported fourth-quarter earnings of 88 US cents per share, excluding the impacts of the USA tax reform and impairments, falling far short of market expectations.

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Mnuchin says weaker dollar helps US trade in short term

Finance Minister Taro Aso said Friday the existing worldwide pledge to refrain from targeting foreign exchange rates for competitive purposes should be kept, after contradictory remarks on the dollar by U.S. Mnuchin's words could be a signal that the Trump administration is prepared to try to talk down the dollar's value to boost exports. Ian Shepherson at Pantheon Macroeconomics said: "Clear evidence of inflation pressure in the U.S.

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USA has not moved an inch during NAFTA talks

US agriculture depends on access to global markets in which to sell their products. Unifor president Jerry Dias insists that a renewed NAFTA needs to protect jobs. California would be hit the hardest in terms of job losses. The US National Chicken Council tweeted this week that Mexico and Canada were 2 of its most important US chicken export markets, linking to a statement a year ago that said poultry exports were among the most vital of all US agricultural exports.

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Trump's tariffs will damage shoppers, employees

Solar panels, much more than washing machines, are odd products to target because they don't require advanced manufacturing. The tariff, announced Monday, covers both imported solar cells, a key input to manufacturing solar panels, and solar modules, also known as solar panels.

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Coverage and Reactions of the Euro Exchange Rate Complex — ECB Meeting

Germany's DAX Index gained 0.1 percent. S&P futures are up 8.25 points. European equities headed higher after a mixed session in Asia, while the dollar resumed a decline that was briefly interrupted when President Donald Trump waded into the unusual public discussion over exchange rates, saying he expected a stronger greenback.

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Asian Stocks Trade Mixed AS USD Wobbles Despite Trump Comments

As Trump tends to use hyperbolic language and also tends to contradict himself, the big question is: do we have an opportunity to sell the dollar? "We are cautious that the market has failed to price in a sufficient risk premium around trade and a pivot by the Trump administration to increase the rhetoric on "America First" on a global stage", the analysts wrote, adding of President Trump's speech on Friday: "That puts the Davos speech on high alert".

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Who's Trading Bitcoin? South Korea Wants To Know

Moving FIAT to the web in South Korea to trade for cryptocurrency will require that the bank account have a real name on it - no more anonymous accounts. The price volatility has caused some investors to opt-out of the popular crypto-currency market, and instead invest in gold. As an investment class, cryptocurrencies are speculative investments and investing in cryptocurrencies involves significant risks - they are highly volatile, vulnerable to hacking and capital loss and sensitive to ...

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President's Decision on Solar Tariffs is a Loss for America

The administration approved tariffs of 20 percent on the first 1.2 million washers and 50 percent of all subsequent imported washers in the following two years. Again, the ITC determined that these factors and others constituted a substantial cause of serious injury to the domestic solar industry. The decisions were the first of several potential tariff actions that Trump may take in the coming weeks and months.

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Bitcoin Lost Approximately RM14,000 In Value Yesterday

The value of many cryptocurrencies will recover soon in the upcoming days. With South Korea, Japan and China all making noises about a regulatory crackdown, and officials in France and the USA vowing to investigate cryptocurrencies, there are fears that authorities may launch some coordinated action in relation to the units.

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How Facebook's new algorithm will change the way users see content

Admitting that its changes will likely reduce the time people spend on Facebook less was a big deal for the company. Facebook's latest changes don't impact ads - only business and media-oriented content posted by pages and other people, according to a person familiar with the matter.

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Bitcoin jolted by regulation worries and falls another 7%

Huge price swings like these also make many question the usefulness of the cryptocurrencies as a medium of exchange. 'There are no disagreements over regulating speculation, ' he said . However, small peer-to-peer payment systems are not being targeted. Last week, it emerged that the central government is working to drive out China's bitcoin miners, who are thought to account for the majority on the planet.

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Philadelphia Eagles owner Jeffrey Lurie dances after win over Atlanta Falcons

The answer is coaching, or the absence thereof. For much of the game, the Eagles secondary held Jones in check. At this point, it seemed as if the momentum had shifted in the favor of the Eagles as they force the Falcons to punt on their next drive.

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South Korean Government Leaves Crypto Trading Ban On Table

The news has seen Bitcoin drop to its lowest point since the start of December previous year. Up until early previous year, China was the most active market for bitcoin trading on exchanges. Cryptocurrency is a murky market with frequent swings. Mining is a specialized division of labour, and is not the best strategy for an investor who simply wants to gain exposure to fluctuations in the price of Bitcoin.

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UK leaders discuss fallout of state contractor's collapse

In an effort to address the crisis the government has convened its emergency Cobra committee and has pledged to continue paying the 19,500 Carillion staff who work in public sector jobs. The government may not have agreed to bail out the company like it did with the banks in 2008 but the taxpayer will still pay. Its lenders like Barclays, HSBC and Santander UK are reluctant to provide the funding of £300m required without backing from the government.

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Spokesman says lawmakers forge immigration deal

The 24-year-old paramedic who helped give assistance during Hurricane Harvey, the most powerful storm to hit the mainland in over a decade, recalled the "heartbreak" he endured after learning about Trump's decision to end DACA. "I consider myself to be American", Karina Ruiz, a DACA recipient herself, is also the president of the Arizona Dream Act Coalition. This process is known as "chain migration".

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Oculus announces new standalone headset, 'venues' at Oculus Connect

So, what's so special about Oculus Go? Now that we know roughly when to expect the Oculus Go to become available in the United Kingdom, how much will it cost? Apart from Oculus , Facebook is planning to ship to the developers the new higher-fidelity headset codenamed "Santa Cruz" and this will be done in the next 12 months.

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San Juan Mayor Carmen Yulín Cruz Responds to Trump With "Nasty" Shirt

Mr Trump arrived in the U.S. territory nearly two weeks after the storm and with electricity restored to only a tiny percentage of its 3.5million residents. The mayor confirmed that the shirt was meant to protest Trump , who has recently taken aim at her over Twitter . Meanwhile, a poll released by The Associated Press-NORC Wednesday found that just 32 per cent approve of how Trump is handling disaster relief in the US territory, while 49 per cent disapprove.