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US STOCKS-Wall Street takes a hit from chip, internet stocks

The tech-heavy Nasdaq saw sharp declines on Thursday as internet stocks faltered for a second day on concerns about increased regulation, while warnings from Micron Technology and KLA Tencor led a slide in chip stocks. Chipmaker Micron sank 9 percent after Chief Financial Officer David Zinsner said prices of NAND chips declined in the third quarter and at least two brokerages said the markets for NAND and DRAM chips were worsening. …read more […]

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Buzz From Nike’s Kaepernick Campaign Now Worth More Than $163 Million

Nike Inc.’s market capitalization is down $3.4 billion since the company released its latest ad campaign featuring controversial quarterback-turned-activist Colin Kaepernick. The latest estimates put the value of the media exposure from the campaign at more than $163 million, according to Apex Marketing Group — almost four times the $43 million tallied in the first 24 hours since the ad debuted. Nike’s stock was up as much as .94 percent Thursday as of 10:13 in New York. …read more […]

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The Latest: Intelligence director says he’s not op-ed author

Add the director of national intelligence to the list of Trump administration officials who say they didn’t write the anonymous opinion piece in The New York Times that said an internal “resistance” was working to thwart some of President Donald Trump’s efforts. Secretary of State Mike Pompeo (pahm-PAY’-oh) has denied writing an anonymous New York Times opinion piece that said an internal “resistance” was working to thwart some of President Donald Trump’s efforts. …read more […]

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N.Korea media: Kim vows nuclear-free Korea amid standoff

North Korean leader Kim Jong Un reaffirmed his commitment to a nuclear-free Korean Peninsula amid a growing standoff with the United States, his state-controlled media reported Thursday after a South Korean delegation met him to set up an inter-Korean summit. The statement from the Korean Central News Agency wasn’t new information — Kim has repeatedly declared similar intentions before — but allows hopes to rise that diplomacy can get back on track after the recriminations that followed Kim’s meeting in June with U.S. President Donald Trump in Singapore. The impasse between North Korea and the United States, with …read more […]

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Trump rips searing Times op-ed from unnamed senior official

In a striking anonymous broadside, a senior Trump administration official wrote an opinion piece in The New York Times on Wednesday claiming to be part of a group of people “working diligently from within” to impede President Donald Trump’s “worst inclinations” and ill-conceived parts of his agenda. Trump said it was a “gutless editorial” and “really a disgrace,” and his press secretary called on the official to resign. The writer, claiming to be part of the “resistance” to Trump but not from the left, said, “Many Trump appointees have vowed to do what we can to preserve our …read more […]

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How to Build a Retirement Savings Without a 401k

Employers don’t allow you to contribute to your 401k outside of payroll, which means you can’t add extra cash to your account unless it’s funneled from your paycheck via automatic deposit. Here’s what you can do to prepare for retirement by maximizing your 401k contributions. …read more […]