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1 Article
Source: Common Domain

Stocks end lower as tech weakness quashes attempt at gains

Tuesday 19:07 GMT

Nasdaq was the worst performer of the three after large-cap tech shares including Apple Inc. AAPL, -2.14% Alphabet Inc. GOOGL, -1.62% GOOG, -1.61% Microsoft Corp. MSFT, -1.80% and Amazon.com

See: Here’s why stock-market investors suddenly freaked out over rising bond yields. Higher yields raise borrowing costs for corporations and lure investors away from perceived riskier asset such as stocks.

1 Article
Source: CBS News

CDC confirms 62 cases of polio-like illness, mostly affecting kids

Wednesday 19:08 GMT

The Centers for Disease Control and Prevention has confirmed 62 cases of the rare polio-like neurological condition acute flaccid myelitis, also known as AFM, so far this year in the U.S.

They can help prevent AFM by taking steps to protect children from serious disease, including frequent hand washing, staying up to date on immunizations, and preventing mosquito bites.

1 Article
Source: Common Domain

U.S. Treasury declines to label China a currency manipulator but says recent yuan weakness is a concern

Thursday 21:52 GMT

The Treasury Department again declined to label China a currency manipulator, instead settling for a stern warning about a recent slide in the value of the Chinese yuan.

“Of particular concern are China’s lack of currency transparency and the recent weakness in its currency,” Treasury Secretary Steven Mnuchin said in a statement that accompanied the formal report on Wednesday. Treasury said it estimated the direct intervention by the People’s Bank of China this year “has been limited.”

1 Article
Source: Common Domain

European Stocks Shrug Off Weakness in Asia

Friday 04:15 GMT

Losses in Asia came after U.S. stocks resumed selling late Wednesday, with the S&P 500 having closed down on eight of the past 10 trading days.

Elsewhere, investors were watching for any further signs of political strife in Europe, with negotiations for the U.K. to leave the European Union showing no end in sight, and Italian budget negotiations with European lawmakers also dragging on. In commodities, Brent crude oil was down 0.4% at $79.73 a barrel, extending the heavy losses that followed unexpectedly buoyant U.S. inventory figures.

1 Article
Source: Washington Post

Trump prizes strength, but the world may see weakness in reluctance to confront Saudis

Today 08:05 GMT

The challenge now facing President Trump is that his waffling public response to the Oct. 2 killing of dissident journalist Jamal Khashoggi and his consistent acclaim for Saudi Crown Prince Mohammed bin Salman could leave a lasting impression of weakness.

When then-candidate Donald Trump debuted his “America First” foreign policy, he argued that the nation under President Obama had “absolutely no respect” and was being “laughed at all over the world.”


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte