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Stock Market Update Wednesday, June 12th, 2019

Stocks dropped for the 2nd day in a row. CPI data was this focus in early trading. And data showed that consumer prices rose just 0.1% last month. This was in line with expectations. The low inflation reading (combined with … Continue reading

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Oil jumps more than 3% on reports of tanker incident in the Gulf of Oman off Iran coast

Brent crude spiked more than 3% on Thursday on reports of tanker explosions in the Gulf of Oman near the Iranian coastline. In the early hours of European trading, the benchmark commodity went up as much as 4% before paring gains … Continue reading

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Congress takes on Big Tech in hearing on anti-competitive behavior among digital giants

Congress will begin its scrutiny of America’s tech giants on Tuesday amid growing discomfort in Washington over the power that the companies wield over the industry and public life. The House Judiciary Committee will hold its inaugural hearing Tuesday afternoon … Continue reading

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Bill Gates and Travis Kalanick invest in A.I. chip start-up using light to move data

Microsoft co-founder Bill Gates, Uber co-founder Travis Kalanick’s 101100 fund and current Uber CEO Dara Khosrowshahi have invested in Luminous, a small start-up building an artificial intelligence chip. The investment shows key figures in the technology industry believe there is … Continue reading

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Stock Market Update Monday, June 3rd, 2019

Tech stocks were down big today, after news that the government is looking into anti-competitive behavior in big tech names like Facebook, Amazon, Google, and Apple. Stocks opened the day lower and went on a roller coaster ride. During the … Continue reading

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