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FTC accuses Uber of misleading subscribers

By Jody Godoy WASHINGTON (Reuters) – The U.S. Federal Trade Commission on Monday sued Uber Technologies, accusing it of signing up some Uber One subscribers without their knowledge and making deceptive claims about the service. The service costs $9.99 a month and ...
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US stocks indexes down 3%, extending slide as Trump harangues Powell

(Reuters) -Wall Street’s main indexes each slid to more than one-week lows on Monday after U.S. President Donald Trump doubled down on attacks against Federal Reserve Chair Jerome Powell, amplifying concerns about the central bank’s autonomy and rattling markets. Trump repeated his criticism of Powell, ...
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Wall St slumps as Trump renews tirade against Fed’s Powell

By Lisa Pauline Mattackal and Purvi Agarwal (Reuters) – Wall Street’s main indexes each slid to more than one-week lows on Monday after U.S. President Donald Trump doubled down on attacks against Federal Reserve Chair Jerome Powell, amplifying concerns about the ...
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Trump renews attack on Federal Reserve Chair Powell, Dow Jones tumbles 1,000 points

WASHINGTON (AP) — President Donald Trump repeated his attacks Monday against the chair of the Federal Reserve, demanding that the central bank lower its key interest rate to boost the economy. Trump called Powell “a major loser” and said that energy and grocery prices ...
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Hedge funds cut ‘Mag Seven’ to two-year low ahead of earnings

By Carolina Mandl NEW YORK (Reuters) -Global hedge funds last week dumped the so-called Magnificent Seven megacap stocks, bringing their exposure to the group to a two-year low just ahead of their earnings, according to a Morgan Stanley note to clients seen by Reuters. The bank ...
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NY Fed appoints Anna Nordstrom as Markets Group chief

(Reuters) – The Federal Reserve Bank of New York said on Monday that it has appointed Anna Nordstrom as the head of the markets group, effective immediately.(Reporting by Urvi Dugar) Brought to you by www.srnnews.com
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Trump to meet retailers including Walmart, Home Depot to discuss tariffs impact, Bloomberg reports

(Reuters) – U.S. President Donald Trump is set to meet with major retailers, including Walmart , Home Depot, Lowe’s and Target, to discuss the impact of sweeping tariffs on their businesses, Bloomberg News reported on Monday.(Reporting by Ismail Shakil ...
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World Economic Forum founder Klaus Schwab retires as chairman

GENEVA (AP) — Klaus Schwab, the founder of the World Economic Forum, best known for hosting an annual meeting of political, business and other elites in the Swiss Alpine town of Davos, is retiring as chairman more than a half-century after creating the Geneva-based ...
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UN researchers warn that Asian scam operations are spreading across the rest of the world

BANGKOK (AP) — Transnational organized crime groups in East and Southeast Asia are spreading their lucrative scam operations across the globe in response to increased crackdowns by authorities, according to a U.N. report issued on Monday. For several years, scam compounds have proliferated in Southeast ...
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Trump renews attacks on Federal Reserve Chair Powell, accelerating US market slide

WASHINGTON (AP) — President Donald Trump repeated his attacks Monday against the chair of the Federal Reserve, demanding that the central bank lower its key interest rate to boost the economy. Trump called Powell “a major loser” and said that energy and grocery prices ...
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NY Fed finds Americans trimming back wage expectations for new jobs

By Michael S. Derby NEW YORK (Reuters) -Americans’ view on labor markets soured in March as respondents to a Federal Reserve Bank of New York survey sharply trimmed back the payrate they said would get them to take a new job. The bank reported as ...
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Stocks slide as Trump escalates criticism of Fed Chair Powell

(NEW YORK) -- U.S. stocks tumbled in early trading on Monday as President Donald Trump escalated his criticism of the Federal Reserve, urging the central bank to immediately lower interest rates and questioning the policy approach of Fed Chair Jerome Powell.The comments came days after Trump said he was eager ...
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