PayPal cuts off conspiracy website Infow...

PayPal cuts off conspiracy website Infowars


Payments processor PayPal ended its business relationship with popular U.S. conspiracy theorist Alex Jones's Infowars website after finding instances of hate speech and discriminatory content on the site.

Pot stocks: Wall Street's latest vice

Investors are getting high on the few publicly traded marijuana stocks available in the U.S. , mirroring the kind of buying frenzy seen in the early days of bitcoin.

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Stay away from reclassified S&P communications sector, says Ken Kamen

The president of Mercadien Asset Management tells Reuters' Fred Katayama it's time for value stocks to regain leadership, so it's time to lighten up on FAANG stocks.

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Breakingviews TV: Trade weapons

U.S. President Donald Trump’s fresh duties on Chinese imports will make it harder for U.S. companies in China to protect themselves from retaliation. Christopher Beddor and Clara Ferreira-Marques consider what the real motivation behind the onslaught might be.

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China's Unipec suspends imports of U.S. oil

China's Unipec, the trading arm of state oil major Sinopec, has suspended imports of crude oil from the United States due to a growing trade spat between Washington and Beijing, three sources familiar with the situation said on Friday. Ed Giles reports.

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Uber could buy Deliveroo food courier service

Uber is in early talks to buy London-based food delivery service Deliveroo, according to Bloomberg. Neither firm has confirmed the merger talks. Reuters Eric Auchard reports.

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Dow, S&P brush off trade wars and hit new highs

Despite deepening trade wars this week, the Dow Jones Industrial Average and S&P 500 hit record highs on Thursday.

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Wall Street rises, Dow hits new high

Tech stocks led all three major U.S. indexes higher in a broad-based rally as trade worries subsided. Caroline Woods reports.

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Google says Apps can scan and share Gmail data

Google told Congress in a letter made public on Thursday that it continues to allow outside developers to scan and share Gmail data as long as developers are transparent with users about how they use the data and get consent.

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GE shares drop on turbine problems

General Electric stock plunged after the chief of its power division revealed a problem with its newest line of natural gas-fired power turbines. Roselle Chen reports.

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Economy is rocking & rolling, says Bankrate's Greg McBride

Economic fundamentals are almost across the board positive, but keep an eye on how tariffs affect profit margins, says Greg McBride, chief financial analyst at Bankrate. Aleksandra Michalska reports.

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Breakingviews TV: Full Fed

The U.S. central bank will finally have a full complement of governors if Donald Trump’s pick, Nellie Liang, is confirmed by the Senate. Gina Chon and Swaha Pattanaik discuss his latest nominee and why his appointments will make the Federal Reserve great again.

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Trump calls on OPEC to lower prices

U.S. President Donald Trump linked American support for Middle Eastern countries to oil prices as he again urged OPEC to lower prices. Roselle Chen reports.

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Tencent-backed Meituan jumps 5 pct on debut

Meituan Dianping's IPO got off to a strong start in Hong Kong on Thursday, valuing the Chinese online food delivery-to-ticketing services firm at about $55 billion and sending a positive signal to companies lining up to list in the financial hub. Ed Giles reports.

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Turkey slashes growth forecasts in economic plan, lira falls

Turkey sharply cut its growth forecasts for this year and next on Thursday, but disappointed investors who had hoped for deeper reductions that reflected the fragile state of the economy and a plan to help banks. Sonia Legg reports.

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