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Updated: 19 min 36 sec ago

Wall St. sinks as DoubleLine's Gundlach says stocks are in bear market

December 17, 2018 - 3:10pm
Wall Street's major indexes each slid more than 1 percent on Monday on concerns about slowing growth and as DoubleLine Capital's Jeffrey Gundlach suggested that U.S. stocks are in a bear market.
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Twitter warns of suspicious traffic coming from China, Russia

December 17, 2018 - 3:08pm
Suspicious traffic to a Twitter Inc user forum appears to be part of a government-backed activity coming from China and Russia, a Twitter spokesman told Reuters via email on Monday.
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Goldman fires back after Malaysia charges bank in 1MDB probe

December 17, 2018 - 2:51pm
Malaysia on Monday filed criminal charges against Goldman Sachs Group Inc related to its dealings with the sovereign wealth fund 1MDB, and Goldman Sachs fired back that the previous Malaysian government had lied to the bank.
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Exclusive: Venezuela creditors demand payment on defaulted $1.5 billion bond - lawyer

December 17, 2018 - 2:30pm
A group of creditors has demanded payment on a $1.5 billion Venezuelan bond that is in default, their lawyer said on Monday, kicking off a long-awaited showdown between creditors and the crisis-wracked OPEC nation.
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Russia used social media for widespread meddling in U.S. politics: reports

December 17, 2018 - 2:22pm
Russian interference in the 2016 U.S. presidential election on social media was more widespread than previously thought and included attempts to divide Americans by race and extreme ideology, said reports by private experts released on Monday by U.S. senators from both parties.
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Embraer's net proceeds from Boeing deal the same, despite higher price

December 17, 2018 - 2:16pm
Brazil's Embraer SA will receive the same net proceeds from a deal to sell 80 percent of its commercial jet unit to Boeing Co, even though the U.S. aircraft maker increased the enterprise value which includes debt by 11 percent.
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'Justice' named Merriam-Webster's 2018 Word of the Year

December 17, 2018 - 2:03pm
"Justice" is what most people sought on Merriam-Webster, among the world's most popular dictionaries, as the U.S. publisher named that principle of being fair as the Word of the Year for 2018.
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Global stocks dip as 'Santa Claus rally' elusive, oil rises

December 17, 2018 - 1:53pm
Broad stock declines in Europe and the United States dragged world equity markets lower on Monday, adding to a sell-off that has sent global stocks near 17-month lows.
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U.S. ethanol producers seek pricing reform as markets plunge, ADM sells

December 17, 2018 - 1:49pm
U.S. ethanol producers stung by collapsing prices are seeking changes to the way benchmark values for the biofuel are established, arguing the current system used by exchanges is vulnerable to manipulation, according to sources.
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Democrats jostle over investigations into Trump's finances, Russia ties

December 17, 2018 - 1:47pm
With less than three weeks to go before they take control of the U.S. House of Representatives, Democrats are jockeying to lead overlapping investigations into President Donald Trump in a scramble that could cause headaches for Nancy Pelosi, who is expected to be House speaker.
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Wall St. sinks; Gundlach says U.S. stock are in bear market

December 17, 2018 - 1:46pm
Wall Street slid 1 percent on Monday, weighed down by retailers and health stocks and after DoubleLine's Jeffrey Gundlach said U.S. equities are in a long-term bear market and that the Federal Reserve should not raise rates this week.
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UK's Labour calls May no confidence vote over Brexit vote timing

December 17, 2018 - 1:14pm
The leader of Britain's main opposition Labour Party, Jeremy Corbyn, said he was calling for a no confidence vote in Prime Minister Theresa May -- a largely symbolic gesture -- for not putting her Brexit plan to a vote by lawmakers immediately.
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Exclusive: Venezuela creditors demand payment on $1.5 billion defaulted bond - lawyer

December 17, 2018 - 1:02pm
A group of creditors has demanded payment on $1.5 billion in defaulted Venezuelan bond, their lawyer said on Monday, kicking off a long-awaited showdown between creditors and the crisis-wracked OPEC nation.
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Czech cyber watchdog calls Huawei, ZTE products a security threat

December 17, 2018 - 12:50pm
The Czech cyber watchdog warned network operators on Monday against using software or hardware made by Chinese telecom equipment suppliers Huawei and ZTE , saying they posed a security threat.
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Fed draws White House fire as it prepares to raise rates

December 17, 2018 - 12:35pm
Just two days before the Federal Reserve is expected to raise interest rates for a fourth time this year, U.S. President Donald Trump and his top trade adviser on Monday ratcheted up their criticism of the central bank's monetary tightening.
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Top U.S. fund managers prepare for bear market in small company stocks

December 17, 2018 - 12:29pm
The shares of small companies in the U.S. haven't technically fallen into a bear market yet, but several top-performing fund managers are acting as if it is inevitable.
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Retailers, health stocks lead Wall Street lower; banks help ease pain

December 17, 2018 - 12:13pm
Wall Street dropped on Monday, but recovered from a slide of over 1 percent, weighed down by an Amazon-led drop in retailers and weakness in health stocks, with gains in banks ahead of a widely expected rate hike limiting losses.
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Facing opposition, Britain's May will bring Brexit deal back to parliament

December 17, 2018 - 11:29am
Prime Minister Theresa May said on Monday she would bring her Brexit deal back to parliament for a vote in mid-January, pledging to get assurances from the European Union to break the deadlock over Britain's departure from the bloc.
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J&J shares extend losses; company defends Baby Powder as safe

December 17, 2018 - 11:12am
Shares of Johnson & Johnson slipped another 2 percent on Monday, extending losses following Friday's Reuters report that the healthcare conglomerate knew for decades that cancer-causing asbestos lurked in its Baby Powder.
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Britain's Labour claims credit for forcing new date for Brexit vote

December 17, 2018 - 10:57am
Britain's main opposition Labour Party said on Monday Prime Minister Theresa May had only offered a date for a new vote on her Brexit deal because it had threatened to call for a motion of no confidence in her.
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