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  • President Donald Trump speaks with the news media before boarding Marine One for travel to Europe from the White House, in Washington, July 10, 2018.

    U.S. President Donald Trump said on Twitter that the New York governor was having "a total meltdown" when he told a crowd at an event that America "was never that great."

  • MONDAY, AUGUST 20 KINGSPORT, Tennessee- Federal Reserve Bank of Atlanta President Raphael Bostic speaks on the economic outlook before a fireside chat of the Johnson City, Kingsport, and Bristol Chamber of Commerce- 1500 GMT. FRANKFURT- Bank of Canada Senior Deputy Governor Carolyn Wilkins participates in panel discussion at Central Bank Research...

  • Turkey, India, Mexico, China, Thailand, and Taiwan reduced their holdings in June. "Emerging markets have started to shed their holdings of Treasuries," said Gennadiy Goldberg, senior rates strategist at TD Securities in New York, which could be a way to prop up their currencies. Treasury holdings by Turkey, currently embroiled in a political and trade conflict with...

  • That enforcement trend, according to four experts, could benefit Tesla as the company faces an SEC investigation of CEO Elon Musk's Aug. 7 tweet about "secured" financing for a private buyout of the company. I expect Tesla to pay zero, said Georgetown law professor Urska Velikonja, who is engaged in an ongoing analysis of SEC enforcement trends against companies...

  • Aug 15- Best Buy Co Inc said on Wednesday it would buy health services provider GreatCall Inc for $800 million in cash, its largest acquisition ever, as it focuses on selling products and services to an aging U.S. population. The acquisition offers Best Buy an opportunity to combine GreatCall's offerings with its merchandising, marketing, sales and services...

  • *Turkish lira, euro helped by Qatar pledge. NEW YORK, Aug 15- Equities around the world took a dive led by emerging market stocks on Wednesday and commodities tumbled as investors looked for safety due to worries about China and Turkey. While fears of a crisis in Turkey still loomed, China was in sharp focus as the yuan sagged nearly 0.8 percent to 6.9514 per dollar,...

  • Aug 15- Best Buy Co Inc said on Wednesday it would buy health services provider GreatCall Inc for $800 million in cash, its largest acquisition ever, as it focuses on selling products and services to an aging U.S. population. Privately held GreatCall, with annual revenue of $300 million, focuses on personal emergency response services for senior citizens, offers...

  • *Trade row heats up on Turkish, Chinese fronts. *China's Tencent profit drop worries spread to U.S. tech stocks. NEW YORK, Aug 15- Wall Street fell in a day of heavy trading on Wednesday with the S&P 500 posting its biggest percentage drop since late June as investors turned risk-averse on disappointing earnings and escalating global tariff worries.

  • NEW YORK, Aug 15- The former head of New York City's correction officers' union was found guilty on Wednesday of accepting a bribe to steer union money to now-defunct hedge fund Platinum Partners for investing. Norman Seabrook, who once led the Correction Officers' Benevolent Association, was convicted by a Manhattan federal jury of one count of fraud after his...

  • SAN FRANCISCO, Aug 15- Uber Technologies Inc said on Wednesday it narrowed its quarterly losses from a year earlier, although the ride-hailing company is still a long way from proving it can be profitable as it gears up to go public in 2019.. Uber's net loss narrowed to $891 million in its second quarter ending June 30 from $1.1 billion a year earlier.

  • WASHINGTON— President Donald Trump, who has a reputation for inflaming racial tensions, is defending himself against claims that he's racist by taking credit for recent job gains by black Americans. The administration's argument Tuesday rested on a misleading boast that Trump has done more to help the economic well-being of minorities than Barack Obama, the...

  • SAN FRANCISCO— Uber is still struggling to make money while the ride-hailing service's CEO deals with the headaches left behind by his predecessor. That's something that CEO Dara Khosrowshahi has predicted Uber will eventually do, but for now it makes more sense to aggressively spend money on marketing, promotions and expanding into other areas of...

  • NEW YORK, Aug 15- Oil futures slid on Wednesday, with U.S. crude settling 3 percent lower after government data showed a surprise weekly increase in domestic crude stockpiles, compounding worries about the global economic growth outlook. U.S. crude futures settled at $65.01 a barrel, down $2.03, or 3 percent. Brent crude futures were down $1.70, or 2.35 percent, at...

  • SAN FRANCISCO, Aug 15- Uber Technologies Inc said on Wednesday it had narrowed losses from a year earlier, although the ride-hailing company is still a long way from proving it can be a profitable business even as it gears up to go public in 2019.. Uber's net loss narrowed to $891 million in its second quarter ending June 30 from $1.1 billion a year earlier.

  • NEW YORK, Aug 15- U.S. stocks sold off on Wednesday on concerns over a strengthening dollar, Turkey's currency crisis and global trade tensions, with all three major indexes on track for their worst days since late June. Trade tensions heated up as Turkish President Tayyip Erdogan doubled tariffs on some U.S. imports, and China lodged a complaint against American...

  • NEW YORK, Aug 15- U.S. The yield curve also flattened, with the spread between U.S. 2- year and 10- year notes narrowing to 23.2 basis points, the tightest gap since at least March 2010, according to Reuters data. "Right now, the overall sentiment, especially toward emerging markets, is fragile, and then you have the strong dollar, which is adding to uncertainty," said Keith...

  • *Euro pares losses as Qatar pledges investment in Turkey Lira recovers for second day but rest of emerging markets sag. NEW YORK, Aug 15- The dollar ended little changed on Wednesday after reaching a 13- month peak against a basket of currencies as investors briefly added to their safe-haven holdings of the greenback on worries about slowing Chinese growth and...

  • NEW YORK, Aug 15- Equities around the world took a dive on Wednesday, with emerging market stocks set to confirm a bear market and the dollar hitting a 13- month high, while weakness in China's yuan rattled investors' nerves. While fears of a crisis in Turkey still loomed, China was in sharp focus as the yuan sagged nearly 0.8 percent to 6.9467 per dollar, hitting its...

  • NEW YORK/ LONDON, Aug 15- Gold fell to a more than 18- month low on Wednesday as the dollar climbed towards its highest in over a year on concerns about global market contagion triggered by recent declines in the Turkish lira. The advancing dollar and worries of continued oversupply also pushed platinum and palladium to their lowest since October 2008 and July...

  • HOUSTON, Aug 15- A federal judge rejected Exxon Mobil Corp's motion to dismiss a securities suit alleging the company and top executives misled investors about the impact of climate change on its business. U.S. District Court Judge Ed Kinkeade in Dallas ruled on Tuesday the plaintiffs could go ahead with their suit against Exxon, former Chief Executive Rex...