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China vows to respond if U.S. takes new steps on trade

China will respond if the United States takes any new steps on trade, the foreign ministry said on Monday, after President Donald Trump warned he was ready to slap tariffs on virtually all Chinese imports into the United States. On Friday, Trump said he was ready to levy additional taxes on practically all Chinese imports, threatening duties on $267 billion of goods over and above planned tariffs on $200 billion of Chinese products. “If the U.S. side obstinately clings to its course and takes any new tariff measures against China, then the Chinese side will inevitably take countermeasures …read more […]

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U.S. SEC halts trading in two cryptocurrency products, citing market confusion

The U.S. Securities and Exchange Commission said on Sunday it was immediately suspending trading in two investment products that track cryptocurrencies, citing confusion in the markets over whether the products are exchange-traded funds (ETFs). The SEC said in a statement that trading in Bitcoin Tracker One and Ether Tracker One would be halted in the United States until at least Sept. 20. The products promise to track the price of the cryptocurrencies, less fees. …read more […]

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Trump Praises North Korea's Kim for Toned-Down Military Parade

Sep.09 — Kim Jong Un presided over a tempered military parade, in a sign that he wants to revive stalled nuclear talks. U.S. President Donald Trump praised Kim for the parade’s reported lack of nuclear weapons, calling it a “big and very positive statement.” Bloomberg’s Peter Pae reports. …read more […]

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China's Trade Outlook Darkens as U.S. Raises Stakes on Tariffs

Sep.09 — China’s chances of escaping the trade conflict with the U.S. with only minor damage to its economy just got slimmer. On Friday, U.S. President Donald Trump doubled down on his threats to impose higher tariffs on the nation’s goods. Stephen Engle reports on “Bloomberg Daybreak: Australia.” …read more […]

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CBS settles lawsuit over company control; Moonves to resign: sources

CBS Corp (CBS.N) has reached deals to settle litigation over the future of the company with its controlling shareholder Shari Redstone and National Amusements Inc and an exit agreement with CEO Leslie Moonves, two sources familiar with the discussions said on Sunday. The settlement and Moonves’ resignation could be announced as early as before the markets open on Monday, according to these sources who asked not to be identified because the plans have not been made public. The latest developments end years of uncertainty over the future of CBS, which was headed to court with National Amusements on …read more […]

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CBS settles lawsuit over company control; Moonves to resign – sources

CBS Corp (CBS.N) has reached deals to settle litigation over the future of the company with its controlling shareholder Shari Redstone and National Amusements Inc and an exit agreement with CEO Leslie Moonves, two sources familiar with the discussions said on Sunday. The settlement and Moonves’ resignation could be announced as early as before the markets open on Monday, according to these sources who asked not to be identified because the plans have not been made public. The latest developments end years of uncertainty over the future of CBS, which was headed to court with National Amusements on …read more […]

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CBS CEO Moonves accused of sexual misconduct by more women in New Yorker story

Six additional women have raised assault and harassment claims against CBS Corp (CBS.N) Chief Executive Leslie Moonves in a media report published Sunday. The new disclosures come as the media company is expected to announce on Monday that Moonves is resigning following similar claims previously made by six other women against the executive, said sources familiar with the matter on Sunday, asking not to be identified because the plans have not been made public. The incidents, which the women said took place between the 1980s and early 2000s, were published in a New Yorker story and included claims …read more […]

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Victoria's Secret is broken and its Pink franchise is in the 'early innings' of a long decline (LB)

Victoria’s Secret and its Pink branch, owned by L Brands, are in the “early innings” of a long decline, according to an analyst at Jefferies. The decline for Victoria’s Secret and its Pink branch, owned by L Brands, is just beginning, according to analysts from Jefferies. Victoria’s Secret’s August same-store sales dropped 5% compared to the previous year, below the 3.8% decrease expected. …read more […]

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Lawyer: Dallas cop who killed man at home should be charged

The lawyer for the family of a man who was gunned down at his home by a Dallas police officer is calling for her to be arrested and charged, saying the fact that she remains free days after the shooting shows she’s receiving favorable treatment. S. Lee Merritt, who is representing the family of 26-year-old Botham Jean, said Saturday that the family isn’t calling on the authorities to jump to conclusions or to deny Officer Amber Guyger her right to due process. Guyger, a four-year veteran of the police force, hadn’t been charged as of Sunday morning, according …read more […]