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Free Fidelity Funds Stoke Price War in Bid to Catch Index Giants
published Aug 1, 2018, 4:42:02 PM, by Charles Stein, Annie Massa and Felice Maranz (Bloomberg) — Fidelity Investments, having lost billions of dollars in assets to rivals, pulled out some new ammunition to use against them — dropping fees to zero. The move is part of an ongoing reckoning at
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Trump’s Making U.S. Coal Exports the Greatest They’ve Ever Been
published Aug 1, 2018, 6:01:00 PM, by Mathew Carr (Bloomberg) — U.S. exports of coal used by power stations are set to hit a record this year on increased global demand for the nation’s high-energy-content fuel. Steam-coal shipments will probably jump 58 percent to 58 million metric tons this year,
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Trump Threatens Higher Tariffs in Bid to Corner China on Trade
published Aug 1, 2018, 9:29:46 PM, by Andrew Mayeda (Bloomberg) — The Trump administration said it’s weighing whether to increase the proposed tariff on $200 billion of Chinese goods to 25 percent from 10 percent, stepping up pressure on Beijing to change its trade practices. President Donald Trump has asked
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Chinese Investors Pile Into Money Market Funds, Dumping Stocks
published Jul 31, 2018 4:00:00 PM, by Bloomberg News (Bloomberg) — Chinese investors flocked into money-market products at a rate outpacing equities and bonds last quarter, adding to what is already the biggest segment of the nation’s mutual fund industry. Mutual funds investing in low-risk, short-term debt instruments grew 5.4
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U.S. and Mexico Are Nearing a Deal in Nafta Car Talks, Sources Say
published Jul 31, 2018 3:54:40 PM, by Eric Martin and Jenny Leonard (Bloomberg) — The U.S. and Mexico are in the final stages of negotiating a deal on rules for cars sold under Nafta, one of the biggest sticking points in discussions to overhaul the North American Free Trade Agreement,
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Apple Forecast Tops Analysts’ Estimates on New iPhones, Services
published Jul 31, 2018 4:33:03 PM, by Mark Gurman (Bloomberg) — Apple Inc. projected sales that beat analysts’ estimates, suggesting consumers continue to snap up the company’s high-end iPhones, digital services and wearable devices like AirPods and the Apple Watch. The Cupertino, California-based technology giant expects fiscal fourth-quarter revenue between
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Devotional: The Last Jedi
I was very intrigued by the trailers that were advertising The Last Jedi last year. It was a radical position for Luke Skywalker say, “The Jedi Order must end!” I started wondering where they were going with this. Then it hit me. The idea of the duality between the Light
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Trump Says He’ll Sanction Turkey for American Pastor’s Detention
published Jul 26, 2018, 10:37:49 AM, by Jennifer Epstein (Bloomberg) — U.S. President Donald Trump said he will impose “large sanctions” on Turkey over the detention of an American pastor who’s been accused of aiding a failed 2016 coup in the country. Andrew Brunson is “a great Christian, family man
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Matt Levine’s Money Stuff: You Still Can’t Buy the Bitcoin ETF
published Jul 27, 2018, 10:12:15 AM, by Matt Levine (Bloomberg Opinion) — Bitcoin ETF fail. Right now if you want to buy Bitcoins, you mostly have to buy Bitcoins. Presumably a lot of people who want to buy Bitcoins want to buy Bitcoins, but a lot of people don’t. A
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U.S.-Led Infrastructure Aid to Counter China in Indo-Pacific
published Jul 30, 2018, 7:45:52 PM, by Jason Scott (Bloomberg) — The U.S., Japan and Australia agreed to invest in infrastructure projects in the Indo-Pacific in a move that will be seen as a counter to China’s rising influence in a region that stretches from the east coast of Africa,