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Fox News veteran Shepard Smith quits, says hopes 'facts will win the day'

Shepard Smith, the chief news anchor of Fox News and a sometime critic of U.S. President Donald Trump, announced on Friday he was quitting the network after 23 years. In an unexpected on-air statement at the end of his daily “Shepard Smith Reporting” show, Smith said he had asked to leave. “Recently I asked the company to allow me to leave Fox News. …read more […]

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California bans private prisons and immigration detention centers

California moved to end the use of private, for-profit lockups in America’s largest state prison system as well as in federal immigration detention centers in the state under a measure signed into law on Friday by Governor Gavin Newsom. The new law bars the California Department of Corrections and Rehabilitation from entering into or renewing a contract with a private company to run a state prison after Jan. 1, 2020, unless needed to meet court-ordered inmate housing limits. It will ban California from incarcerating anyone in privately-run facilities altogether from 2028. …read more […]

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California Blackout Is Largely Over, Now Come the Wildfires

(Bloomberg) — Several wildfires are raging in Southern California, including a blaze at the edge of Los Angeles that’s led to the evacuation of 25,000 homes and a sprawling natural gas-storage site that once sprung the biggest U.S. gas leak.The Aliso Canyon gas field operated by Sempra Energy’s Southern California Gas Co. was evacuated after the blaze, named the Saddleridge fire, broke out Thursday in hills north of the San Fernando Valley, the company said in a statement. About 100,000 people were displaced, police said.The fire has burned more than 7,500 acres and is about 13% contained, authorities said. A …read more […]

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Shepard Smith exits Fox News after 23 years

Shepard Smith, chief news anchor and breaking new managing editor at fox, will leave the network, Fox News Media said on Friday. “Recently I asked the company to allow me to leave Fox News. Under our agreement, I won’t be reporting elsewhere, at least in the near future,” Smith said on his Friday show. …read more […]

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U.S., China Reach Substantial ‘Phase One’ Trade Deal, Trump Says

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The U.S. and China agreed on the outlines of a partial trade accord Friday that President Donald Trump said he and his counterpart Xi Jinping could sign as soon as next month.As part of the deal, China would significantly step up purchases of U.S. agricultural commodities, agree to certain intellectual-property measures and concessions related to financial services and currency, Trump said Friday at the White House. In exchange, the U.S. will delay a tariff increase due next week as the …read more […]

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Embracing Risk With Royal Bank of Scotland

Smart Speculation is what we’re all about in The War Room. It also distinguishes my trading style from Bryan’s.
Bryan is – without a doubt – the master of short-term technical trading.
My focus is on longer-term plays (with some nice short-term ones for good measure) that rely heavily on fundamentals.
We closed out a huge winner in The War Room today when our “free ride” on Royal Bank of Scotland (NYSE: RBS) hit a large profit for the second time in about a month.
A few weeks ago, we closed out part of the strangle when the price of the call options exceeded …read more […]