China, US to hold trade talks in late August: report

China, US to hold trade talks in late August: report

article In an attempt to solve the trade conflict between the US and China, Beijing will send a delegation to meet with U.S. counterparts in Washington later this month. Continue Reading Below The Chinese delegation will be led by Vice Minister of Commerce Wang Shouwen, while the US team is led by Under Secretary of Treasury for International Affairs David Malpass, the Ministry of Commerce said in a statement on its website. China and the…

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Inside a super PAC that spends on everything but winning

Inside a super PAC that spends on everything but winning

article The two billionaire mega donors poured $1.25 million into a super PAC that was supposed to supercharge Chris McDaniel’s insurgent bid to be Mississippi’s next Republican senator. Continue Reading Below A year later, much of the money from Illinois shipping supply CEO Richard Uihlein and New York financier Robert Mercer is gone. Only a fraction was spent reaching voters who could boost the former state lawmaker’s uphill battle against Cindy Hyde-Smith, Majority Leader Mitch…

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Cisco tops profit, revenue estimates boosted by software

Cisco tops profit, revenue estimates boosted by software

article Aan exterior view of Cisco Systems Inc. headquarters in Santa Clara, Calif. (AP Photo/Paul Sakuma, File) Shares of Dow component Cisco Systems jumped 6 percent in the after-hours session, after fiscal fourth-quarter profit and revenue topped Wall Street estimates. Continue Reading Below On an adjusted basis, the company earned 70 cents per share, beating analysts expectation by 1 cent. Total revenue rose 6 percent to $12.84 billion, topping average estimate of $12.77 billion. It was…

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AP FACT CHECK: Trump overstates his role in black job gains

AP FACT CHECK: Trump overstates his role in black job gains

Image 1 of 2 ▼ President Donald Trump is taking unjustified credit for recent job gains by black Americans even as he defends himself against claims of racism. Continue Reading Below Trump and his administration argue he’s done more to help the economic well-being of minorities than Barack Obama, the country’s first and only black president. The implication is that Obama struggled to create jobs for his fellow minorities, while Trump has a sterling jobs…

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Rare nickel sells for $4.5 million at auction

Rare nickel sells for $4.5 million at auction

Image 1 of 2 ▼ A rare nickel has sold for $4.5 million at a Philadelphia auction. Continue Reading Below Stack’s Bowers Galleries sold the Eliasberg 1913 Liberty Head nickel Wednesday night during the American Numismatic Association’s World’s Fair of Money at the Philadelphia Convention Center. It is named for financier Louis E. Eliasberg, who bought the coin in 1948 and amassed one of the greatest coin collections in U.S. history. The Eliasberg 1913 Liberty…

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China sending trade envoy to Washington for talks

China sending trade envoy to Washington for talks

article China is sending a trade envoy to Washington in a renewed effort to end a worsening tariff dispute that has raised worries it will chill global economic growth. Continue Reading Below The delegation led by a deputy commerce minister will visit in late August to discuss “issues of mutual concern,” the Commerce Ministry announced Thursday. It gave no details of a possible agenda. The two governments are poised to impose a new round of…

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Papa John’s Has More Problems Than Just Its Founder

Papa John’s Has More Problems Than Just Its Founder

Papa John’s International (NASDAQ: PZZA) tried to place the blame for the pizzeria’s terrible second-quarter earnings report on founder, ex-CEO, and former board Chairman John Schnatter, who resigned last month following publication of comments that were taken as racially insensitive. CEO Steve Ritchie said in a conference call with analysts that the pizzeria’s woes go all the way back to last year, when Schnatter blamed the National Football League’s handling of player protests for the…

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Hawaiian Airlines’ Expanded Cargo Operation Finally Takes Off

Hawaiian Airlines’ Expanded Cargo Operation Finally Takes Off

More than three years ago, Hawaiian Holdings (NASDAQ: HA) announced plans to expand its cargo service between the islands of Hawaii, using a dedicated fleet of ATR-72 turboprop freighters. This new interisland cargo operation was scheduled to begin in the first half of 2016. By the end of 2015, the Hawaii-focused airline company had purchased three ATR-72s. Yet two years later, none of those aircraft had gone into service, due to a variety of delays….

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Corona and Cannabis: A Perfect Match?

Corona and Cannabis: A Perfect Match?

Last year, Corona beer maker Constellation Brands (NYSE: STZ) surprised everyone by spending nine figures to acquire a less than 10% stake in cannabis company Canopy Growth (NYSE: CGC). Today, the beermaker did it again, reporting an unexpected — and massive — $4 billion — deal to cozy up closer to Canopy Growth. Is this a match made in heaven, or will their partnership be a bust? What’s the buzz Continue Reading Below Canopy Growth…

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Apple Pay Looks Hugely Successful

Apple Pay Looks Hugely Successful

For a while now, Apple (NASDAQ: AAPL) has been talking up its fast-growing services business. It’s not hard to see why. Services, which includes “revenue from Digital Content and Services, AppleCare, Apple Pay, licensing and other services,” is Apple’s second-largest segment by revenue (behind the iPhone). More importantly, services are becoming a larger part of Apple’s overall revenue mix over time, and that should bode well for Apple’s bottom line. In the most recent quarter,…

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