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Saudi Aramco shares surge 10% as historic IPO begins trading

Created: Wed, 11 Dec 2019 11:54:04 GMT

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The oil giant's initial public offering has surpassed its earlier valuation of $1.7 trillion.Read more: Saudi Aramco shares surge 10% as historic IPO begins trading

Nearly 150 CEOs departed in November, putting 2019 on track to be record year for executive exits

Created: Wed, 11 Dec 2019 10:00:03 GMT

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148 chief executives left their posts in November, according to business and executive coaching firm Challenger, Gray & Christmas.Read more: Nearly 150 CEOs departed in November, putting 2019 on track to be record year for executive exits

The Fed is expected to hold rates steady and vow to keep short-term lending markets stable

Created: Wed, 11 Dec 2019 02:46:10 GMT

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The Fed is likely to indicate Wednesday afternoon it's not in a hurry to do anything to change its neutral stand on interest rates.Read more: The Fed is expected to hold rates steady and vow to keep short-term lending markets stable

Refinance boom pushes weekly mortgage applications higher

Created: Wed, 11 Dec 2019 12:01:54 GMT

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By now you would think just about everyone had refinanced their mortgage to today's historically low interest rates, but apparently not. Refinance volume drove total mortgage application activity 3.8% higher last week, according to the Mortgage Bankers Association.Read more: Refinance boom pushes weekly mortgage applications higher

'Eleventh hour' US-China trade deal could happen before tariffs kick in Sunday, analysts say

Created: Wed, 11 Dec 2019 07:41:27 GMT

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More tariffs — 15% on about $160 billion in Chinese exports to the U.S. — are set to kick in on Sunday, as both economies remain locked in negotiations for a phase one trade deal.Read more: 'Eleventh hour' US-China trade deal could happen before tariffs kick in Sunday, analysts say

Investors fear Pelosi's drug price plan will kill small biotech firms

Created: Tue, 10 Dec 2019 23:29:30 GMT

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Private equity investors are lobbying against the drug bill, telling Pelosi's staff the plan would dry up financing for small biotech firms.Read more: Investors fear Pelosi's drug price plan will kill small biotech firms

How does Britain's voting system work? All you need to know ahead of the election

Created: Wed, 11 Dec 2019 06:09:54 GMT

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CNBC takes a look at all you need to know about Britain's voting system.Read more: How does Britain's voting system work? All you need to know ahead of the election

House Democrats announce articles of impeachment against Trump: Abuse of power, obstruction of Congress

Created: Tue, 10 Dec 2019 16:40:47 GMT

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The House Judiciary Committee plans to vote on the articles this week, sending it to the full House for a final vote in the chamber.Read more: House Democrats announce articles of impeachment against Trump: Abuse of power, obstruction of Congress

IHOP is launching a fast-casual restaurant next year called Flip'd by IHOP

Created: Wed, 11 Dec 2019 11:02:01 GMT

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The Dine Brands' chain will launch Flip'd by IHOP in Atlanta. IHOP is also exploring sites in New York, Washington, D.C., Denver, Chicago and San Francisco.Read more: IHOP is launching a fast-casual restaurant next year called Flip'd by IHOP

Jeffrey Gundlach says long-term rates are headed higher, Trump re-election is base case

Created: Wed, 11 Dec 2019 12:01:55 GMT

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The so-called bond king said the benchmark 10-year Treasury yield should be back at 2%.Read more: Jeffrey Gundlach says long-term rates are headed higher, Trump re-election is base case

House Democrats and the White House have a deal to move forward with USMCA trade agreement

Created: Wed, 11 Dec 2019 03:58:06 GMT

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The Trump administration now needs to submit USMCA ratifying legislation, which the House could pass this year.Read more: House Democrats and the White House have a deal to move forward with USMCA trade agreement

Apple CEO Tim Cook spotted sampling Singaporean foods in neighborhood market

Created: Wed, 11 Dec 2019 05:47:00 GMT

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Apple CEO Tim Cook started his Wednesday with a Singaporean breakfast in one of Singapore's oldest housing estates, Tiong Bahru.Read more: Apple CEO Tim Cook spotted sampling Singaporean foods in neighborhood market

You could spend $52,199 on Apple's newest computer before you even add a screen

Created: Tue, 10 Dec 2019 22:24:24 GMT

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Apple's new Mac Pro is available now and costs $52,199 fully loaded.Read more: You could spend $52,199 on Apple's newest computer before you even add a screen

Gerrit Cole agrees to historic $324 million deal with Yankees, reports say

Created: Wed, 11 Dec 2019 09:14:59 GMT

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Former Houston Astros pitcher Gerrit Cole is headed to New York after reports say he agreed to a historic $324 million deal with the Yankees.Read more: Gerrit Cole agrees to historic $324 million deal with Yankees, reports say

Americans spend more than $72 billion on pets—here's how dogs and cats became big business

Created: Fri, 06 Dec 2019 16:40:25 GMT

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From Wall Street to living rooms and backyards, pets are becoming a massive part of American life. Pet care has become a $72 billion industry in the United States. In fact, the population of dogs and cats is predicted to grow at a faster rate than of humans in American, according to one forecast. Here's how dogs and cats became big business.Read more: Americans spend more than $72 billion on pets—here's how dogs and cats became big business

Netflix is spiraling toward a 'recipe for disaster,' investor warns after downgrade

Created: Wed, 11 Dec 2019 12:04:36 GMT

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Netflix shares fell 3% after a downgrade from Needham's Laura Martin cited concerns around subscriber weakness, and experts fear the pain could get worse.Read more: Netflix is spiraling toward a 'recipe for disaster,' investor warns after downgrade

Shaquille O'Neal on Papa John's founder: 'People don't know when to keep their mouths shut'

Created: Wed, 11 Dec 2019 02:30:48 GMT

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In June, basketball legend Shaquille O'Neal, aka Shaq, announced he's joining Papa John's board of directors and is investing in nine Atlanta-based locations. In response to ousted founder John Schnatter's continued negative comments about the company and, most recently, the pizza, O'Neal says board members "don't worry about him" and "sometimes people don't know when to keep their mouth shut."Read more: Shaquille O'Neal on Papa John's founder: 'People don't know when to keep their mouths shut'

GM unveils new Chevrolet Tahoe, Suburban SUVs

Created: Wed, 11 Dec 2019 01:29:59 GMT

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General Motors unveiled new versions of its highly-profitable Chevrolet full-size SUVs Tuesday night that are larger, more tech-advanced and offer a wider range of choices for customers.Read more: GM unveils new Chevrolet Tahoe, Suburban SUVs

Facebook tumbles 16 spots on Glassdoor's list of best places to work

Created: Wed, 11 Dec 2019 04:58:56 GMT

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As calls for a Facebook break up gain support, the social media company saw its ranking on Glassdoor's list of the "Best Places to Work" list slide for a second year in a row, tumbling 16 spots to 23rdRead more: Facebook tumbles 16 spots on Glassdoor's list of best places to work

Here's how the US-North Korea nuclear crisis could unfold before year-end

Created: Wed, 11 Dec 2019 07:15:02 GMT

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"Pyongyang, despite having placed an end-of-year deadline in place in April, has basically closed the door on diplomacy with the United States entirely," said one expert.Read more: Here's how the US-North Korea nuclear crisis could unfold before year-end

6 killed in New Jersey gunbattle, including police officer

Created: Wed, 11 Dec 2019 10:27:19 GMT

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Six people, including a police officer and three bystanders, were killed in a furious gunbattle Tuesday that filled the streets of Jersey City with the sound of heavy gunfire for hours, authorities said.Read more: 6 killed in New Jersey gunbattle, including police officer

These CEOs swear by a five-hour working day — even though it made employees quit

Created: Wed, 11 Dec 2019 06:10:45 GMT

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Reducing the time employees spend in the office is becoming an increasingly popular policy, with companies around the world experimenting with shorter working hours.Read more: These CEOs swear by a five-hour working day — even though it made employees quit

Goldman Sachs president says US economy could be 'accelerating again' after 2019 lull

Created: Wed, 11 Dec 2019 00:05:14 GMT

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"We're seeing that implication of easier policy coming through in the economy and it's become much more of a stimulant," Waldron says.Read more: Goldman Sachs president says US economy could be 'accelerating again' after 2019 lull

Fertility start-up Celmatix sues former business partner 23andMe for $100 million in damages

Created: Tue, 10 Dec 2019 21:51:26 GMT

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Celmatix is suing 23andMe, alleging it broke the terms of its contract and derailed its financing plans.Read more: Fertility start-up Celmatix sues former business partner 23andMe for $100 million in damages

AG Barr defends antitrust law, as Elizabeth Warren looks to reinvent it

Created: Wed, 11 Dec 2019 00:46:11 GMT

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Barr sought to unify a room that convened just a few hours after the Democrats announced their articles of impeachment. He focused on the power of big technology, while defending the ability of current U.S. law to regulate those companeis.Read more: AG Barr defends antitrust law, as Elizabeth Warren looks to reinvent it

US grounds Saudi pilots, halts military training after base shooting

Created: Tue, 10 Dec 2019 23:58:05 GMT

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The Pentagon announced on Tuesday it was halting operational training of all Saudi Arabian military personnel in the United States until further notice after a Saudi Air Force lieutenant shot and killed three people last week at a base in Florida.Read more: US grounds Saudi pilots, halts military training after base shooting

Stocks slip as investors brace for looming trade deadline

Created: Wed, 11 Dec 2019 04:19:53 GMT

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Stocks dipped on Tuesday as a looming U.S.-China trade deadline dampened investor sentiment.Read more: Stocks slip as investors brace for looming trade deadline

Trump target Lisa Page sues Justice Department, FBI over 'unlawful' disclosure of texts with Peter Strzok

Created: Tue, 10 Dec 2019 22:11:05 GMT

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Lisa Page's lawsuit alleging violation of the Privacy Act came a day after the Justice Department's internal watchdog in a new report said she "did not play a role in the decision" to open a probe into Trump's 2016 campaign or related cases.Read more: Trump target Lisa Page sues Justice Department, FBI over 'unlawful' disclosure of texts with Peter Strzok

Google snaps up chief medical officer of health device maker AliveCor, weeks after buying Fitbit

Created: Wed, 11 Dec 2019 00:24:21 GMT

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Dr. Jacqueline Shreibati will join Google's health clinical team and report to the chief health officer, Dr. Karen DeSalvo.Read more: Google snaps up chief medical officer of health device maker AliveCor, weeks after buying Fitbit

Jack Nicklaus' gold Rolex watch sells for $1 million at auction

Created: Wed, 11 Dec 2019 07:14:30 GMT

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The watch attained mythical status in the golfing and watch world. It adorned Nicklaus' wrist as he hoisted trophies, appearing in countless photos and is widely considered one of the three most important watches ever in sports.Read more: Jack Nicklaus' gold Rolex watch sells for $1 million at auction

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