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U.S. Treasury’s Mnuchin says he sees at least 3 pct growth for next 4-5 years

U.S. Treasury Secretary Steven Mnuchin said on Sunday that he believes the quickening pace of growth in the nation’s economy in the second quarter will persist for the next few years. The U.S. economy grew at its fastest pace in nearly four years in the second quarter – at a 4.1 percent rate – as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July. …read more […]

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There's a very good reason why Microsoft has an original Apple Macintosh on display in its headquarters (MSFT, AAPL)

Microsoft has an Apple Macintosh on prominent display at its Redmond headquarters. It might surprise some who remember the decades that Microsoft and Apple spent as the fiercest of competitors. However, many Microsoft products, like Microsoft Office, made their debut on the Macintosh, even as Steve Jobs and Bill Gates turned into the bitterest of frenemies. Microsoft acknowledging this history so publicly could be a sign of its changing culture. …read more […]

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Iran currency extends record fall as U.S. sanctions loom

Iran’s currency plunged to another record low on Sunday, dropping past 100,000 rials to the U.S. dollar as Iranians brace for Aug. 7 when the United States is due to reimpose a first lot of sanctions on their economy. In May the United States pulled out of a 2015 deal between world powers and Tehran under which international sanctions on Iran were lifted in return for curbs on its nuclear programme. Washington decided to reimpose sanctions on Iran upon its withdrawal, accusing it of posing a security threat, and has told countries they must halt all imports of …read more […]