• Crude Oil Futures End Sharply Higher
Crude Oil Futures End Sharply Higher

Global benchmark Brent tumbled to a session low of $55.89 a barrel, a bottom last reached in October 2017. Since crude oil trade is mostly done with US dollars, and crude future trading instrument prices are denominated in dollars, an appreciation of the USA dollar against other currencies makes oil more expensive for the rest of the world.

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  • Jennie-O Recalls Raw Ground Turkey Products
Jennie-O Recalls Raw Ground Turkey Products

Big signs to look out for are "freeze by" dates of November 12 or November 13, as well as the establishment number "EST". The recalled raw ground turkey products were produced at the Jennie-O's Faribault, Minn. "There have been some turkey products recalled in the USA that were associated with this outbreak", the agency reported. For those that...

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  • Dow closes worst week since 2008 financial crisis
Dow closes worst week since 2008 financial crisis

Technology and communication services stocks bore the brunt of the sell-off, falling 3.0 percent and 3.1 percent, respectively. They allow markets to remove speculative froth after a big run-up and give investors a chance to buy stocks at lower prices.

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  • Huawei pushes other nations to provide evidence that it's a security risk
Huawei pushes other nations to provide evidence that it's a security risk

The Czech Republic's prime minister has ordered his government office to stop using mobile phones by Chinese telecoms company Huawei. Huawei, founded in 1987 by a former military engineer, rejects accusations that it is controlled by the ruling Communist Party or designs equipment to facilitate eavesdropping.

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  • Don't steal from anyone this Christmas (or ever), especially a NASA engineer
Don't steal from anyone this Christmas (or ever), especially a NASA engineer

A porch pirate in Brea thought he scored with a fancy electronic gadget, but was instead hit with a glitter bomb developed by a former NASA engineer . There was obviously oodles of world's finest glitter to greet the thieves. He said he created the bomb to explode when thieves tried to take packages off his porch.

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  • Johnson & Johnson Knew About Asbestos in Baby Powder for Decades — Reuters Report
Johnson & Johnson Knew About Asbestos in Baby Powder for Decades — Reuters Report

However, even small amounts of asbestos exposure is considered risky by the World Health Organization, having the potential to trigger disease development in some individuals years after exposure. This year in July, a Missouri jury ordered J&J to pay $4.69 billion in a case involving 22 women and their families. The report also mentioned that t...

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  • China Confirms Detention of Second Canadian
China Confirms Detention of Second Canadian

Trudeau addressed the Chinese capture of Michael Kovrig and Michael Spavor in a television interview Friday morning. Global Affairs says in a statement our ambassador toChinaa met with Kovrig in Beijing and he and his family are receiving consular assistance.

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  • Contaminated Romaine Lettuce Linked to a Santa Maria Farm
Contaminated Romaine Lettuce Linked to a Santa Maria Farm

The agencies are continuing to investigate other possible sources, and the CDC still advises consumers not to eat romaine lettuce grown in California's Monterey, San Benito and Santa Barbara counties until investigations are complete. While calling it "premature" to call the outbreak over, Williams said it was a good sign that the most recently ide...

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  • Southwest flight turned around after human heart left on board
Southwest flight turned around after human heart left on board

A Dallas-bound flight returned to Seattle last weekend because a human heart was left on board, according to Southwest Airlines. Southwest spokesman Dan Landson confirmed to the newspaper that Flight 3606 landed at Sea-Tac International Airport after about three hours in flight, adding that the "life-critical cargo shipment" was removed from th...

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  • Oil prices on shaky ground amid global financial market worries
Oil prices on shaky ground amid global financial market worries

The Organization of Petroleum Exporting Countries ( OPEC ) and other major oil producers have slashed oil production by 1.2 million barrels per day in a concerted bid to hike prices to $70 per barrel while eliminating oversupply. While analysts from Goldman Sachs Group Inc.to Morgan Stanley are optimistic the OPEC+ curbs will bring some relief to t...

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  • Urjit Patel cites personal reasons, resigns as RBI governor
Urjit Patel cites personal reasons, resigns as RBI governor

This owing to the series of tussles that the Reserve bank as an institution had with the centre. Dr Patel's departure may lead to some anxiety among investors, especially foreign investors. Analysts and market watchers said the recent dispute between the RBI and the government could have been a major factor in Patel's decision to resign.

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  • Marlboro maker places $2.4 billion bet on marijuana
Marlboro maker places $2.4 billion bet on marijuana

The investment will give Altria a 45% stake in Cronos at C$16.25 per share. The transaction between the two publicly traded companies represents a 45 percent equity stake in Cronos Group at a price of $16.25 (CAD) per share for an aggregate investment by Altria of approximately United States dollars $1.8 billion.

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  • Over 350 detained as Paris braces for 'yellow vest' protest violence
Over 350 detained as Paris braces for 'yellow vest' protest violence

France's far left CGT movement has pledged support for the movement, which is also supported by the far-right leader Marine Le Pen. Yet in a sign of the financial disconnect that infuriates numerous protesters, a few blocks from the famed boulevard, people were sitting in Paris cafes, drinking cocktails and chatting.

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  • Trump Tries to Calm Global Markets After Stocks Drop Sharply
Trump Tries to Calm Global Markets After Stocks Drop Sharply

No official details were disclosed except what ministry statement has stated , was the first public announcement from the Chinese government about 90-day extension. Daimler chairman Dieter Zetsche told reporters that additional US investments are contingent on conditions remaining the same. U.S. Treasury Secretary Steven Mnuchin revealed Preside...

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  • Put oil 'crisis' on first ministers agenda: Alberta, Saskatchewan premiers
Put oil 'crisis' on first ministers agenda: Alberta, Saskatchewan premiers

Above: Price of Central Alberta blend of oil. The Alberta government should look to the example of the US government's strategic petroleum reserve, which holds the equivalent of a year's worth of Alberta's oil production in salt domes in Texas and Louisiana.

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  • How arrest of Huawei Technologies CFO extends troubled history with US
How arrest of Huawei Technologies CFO extends troubled history with US

Speaking to The Globe and Mail , Canada's Justice Department stated, "Wanzhou Meng was arrested in Vancouver on December 1". The ban was sought by Meng, who has a bail hearing Friday, he said. and China once again". A Canadian official said law enforcement took her into custody at the request of the USA, which is seeking her extradition for al...

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  • Powell Comments Suggest Fewer Rate Hikes Next Year
Powell Comments Suggest Fewer Rate Hikes Next Year

Powell's comments and similar remarks from other Fed officials have raised hopes in financial markets that the central bank may be close to slowing its rate increases, which have gradually raised borrowing costs for consumers and businesses.

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  • Asia markets rise after USA and China agree to trade truce
Asia markets rise after USA and China agree to trade truce

The statement also noted that China would purchase a "not yet agreed upon, but very substantial" amount of agricultural, energy, industrial and other products. and import to China. USA officials insist that the American economy is more resilient to the tumult than China's, but they remain anxious of the economic effects of a prolonged showdown - ...

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  • Powell Opens Door to Possible Pullback in Fed Rate-Hike Outlook
Powell Opens Door to Possible Pullback in Fed Rate-Hike Outlook

USA central bankers believe another interest rate hike is due "fairly soon", boosting widespread expectations the Federal Reserve will raise lending costs next month, according to meeting minutes released Thursday. Claiming that benchmark lending rates were "just below" a range of estimates for "neutral", that is, neither stimulating nor slowing ...

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  • Powell backs rate hikes; says financial risks contained
Powell backs rate hikes; says financial risks contained

In prepared remarks for a speech at the Economic Club of New York, Chairman Powell said there is no "pre-set policy path", for interest rates, and focused on an economy that is "growing above trend". For Wall Street, Wednesday's report could provide clues into the Fed's thinking on when it might use an obscure but powerful tool: the so-called count...

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  • China hopes for positive results from U.S. talks at G20
China hopes for positive results from U.S. talks at G20

The world will be watching to see if the two leaders come away with a breakthrough to end their escalating trade war, which has seen the United States slap tariffs on $250 billion worth of Chinese goods, with Beijing responding in kind. France fears that Trump, who was scheduled to arrive Thursday night, will block or eclipse any progress at the ...

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  • New Tariffs Could Raise Console Prices in the US
New Tariffs Could Raise Console Prices in the US

Can the same be said for video game consoles? Approximately half of all Chinese imports to the United States have been subject to a 10 percent tariff since September, but if upcoming trade negotiations between the USA and China don't work out, the tariffs could be expanded to all imported goods from China.

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  • General Motors to slash 14,700 jobs in North America
General Motors to slash 14,700 jobs in North America

Trump tweeted his warning Tuesday, a day after GM announced it would shutter five plants and slash 14,000 jobs in North America. GM will also cease production of several auto models, including the Chevrolet Cruze and the Buick LaCrosse .

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  • Green Again! Bitcoin Regains $4,000 As Most Cryptos See Green After Bloodbath
Green Again! Bitcoin Regains $4,000 As Most Cryptos See Green After Bloodbath

The break-even cost to mine a single bitcoin using Bitmain's Antminer S9 rig was estimated at US$7,000 in a November 16 report by Fundstrat Global Advisors, though the level is probably lower for some miners with access to cheap electricity and equipment.

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  • Workers stream out of GM Oshawa plant amid reports of planned closure
Workers stream out of GM Oshawa plant amid reports of planned closure

Some will take buyouts while others will be laid off. Besides the five plants in USA and Canada, GM said it would cease the operations of two more plants outside North America by the end of 2019. General Motors announced Monday that Lordstown, along with several other plants of operation, will remain " unallocated " meaning they won't receive...

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  • Follow these tips to get the most from Cyber Monday deals
Follow these tips to get the most from Cyber Monday deals

Smartphones are expected to account for a large portion of online sales revenue, projected to be more than $2 billion, according to the firm. "I love a deal", tweeted user @Kathryn_nicole1 from Kansas. toy retailer Toys "R" Us. And discounts will continue throughout the week with 30% off Target-exclusive home brands like "Fixer Upper" stars Chip...

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  • 'We are not robots!': Amazon warehouse workers protest on Black Friday
'We are not robots!': Amazon warehouse workers protest on Black Friday

The union has been posting updates from the strike on social media under the hashtag #AmazonWeAreNotRobots . " We are striking here because of poor working conditions ", CGT Union member Moises Fernandez told Ruptly. "People with kids, homes, bills to pay-they're not robots". "That's what we're campaigning for". In Germany, workers walked ...

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  • Stores usher Black Friday with easier ways to get deals
Stores usher Black Friday with easier ways to get deals

The figure represents a 28 percent increase over last year's turkey day total and easily beat the $3.35 billion predicted by the digital analytics firm. Crowds thinned overnight while some stores restocked and tired shoppers gave themselves and their wallets a break, but they picked back up again as stores started reopening at 6 a.m.

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  • Carlos Ghosn To Continue As Renault Chairman Despite Corruption Allegations
Carlos Ghosn To Continue As Renault Chairman Despite Corruption Allegations

The French automaker said after an emergency meeting of its board of directors in Paris that it would further consolidate its alliance with Nissan . Japanese authorities Wednesday extended Nissan Chairman Carlos Ghosn's detention by 10 days, as it emerged the auto giant itself could face charges over the alleged financial misconduct that lai...

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  • Best Black Friday 2018 Amazon Deals
Best Black Friday 2018 Amazon Deals

It was also £10 or more cheaper at least 43 times in the six months following Black Friday, including on 33 days between December and January. Black Friday's origin story is shrouded in mystery, with numerous competing myths circulating around the internet.

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