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The Latest: Trump says impeachment would cause economic dive

President Donald Trump says he believes the economy would tank if he were to be impeached. Trump was asked in an interview with “Fox & Friends” if he believes Democrats will launch impeachment proceedings if they win the House this fall, as many suspect. President Donald Trump is suggesting that it should be illegal for people facing prosecution to cooperate with the government in exchange for a reduced sentence. …read more […]

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Ohio State suspends Meyer 3 games, says he protected protege

Ohio State suspended coach Urban Meyer for three games on Wednesday night for mishandling repeated professional and behavioral problems of an assistant coach, with investigators finding Meyer protected his protege for years through domestic violence allegations, a drug problem and poor job performance. The superstar coach’s treatment of his now-fired assistant was also clouded by his abiding devotion to the legacy of former Ohio State coach Earle Bruce, the grandfather of former wide receivers coach Zach Smith and an early coaching mentor for Meyer. “I gave Zach Smith the benefit of the doubt,” Meyer said. …read more […]

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Australia bans China’s Huawei from mobile network project, angers Beijing

Australia has banned Chinese telecoms firm Huawei Technologies Co Ltd [HWT.UL] from supplying equipment for a 5G mobile network, citing risks of foreign interference and hacking which Beijing dismissed as an “excuse” to tilt the playing field against a Chinese firm. The move, following advice from security agencies, signals a hardening of Australia’s stance toward its biggest trading partner as relations have soured over Canberra’s allegations of Chinese meddling in Australian politics. It also brings Australia in line with the United States, which has restricted Huawei and compatriot ZTE Corp from its lucrative market for similar reasons. …read more […]

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Australia bans China’s Huawei from mobile network project, angers Beijing

Australia has banned Chinese telecoms firm Huawei Technologies Co Ltd [HWT.UL] from supplying equipment for a 5G mobile network, citing risks of foreign interference and hacking which Beijing dismissed as an “excuse” to tilt the playing field against a Chinese firm. The move, following advice from security agencies, signals a hardening of Australia’s stance toward its biggest trading partner as relations have soured over Canberra’s allegations of Chinese meddling in Australian politics. It also brings Australia in line with the United States, which has restricted Huawei and compatriot ZTE Corp from its lucrative market for similar reasons. …read more […]

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Even under indictment, California congressman is favorite

The indictment of U.S. Rep. Duncan Hunter and his wife that alleges they illegally converted his campaign account into a household checkbook reorders his re-election contest, giving Democrats a suddenly stronger hand in a district that for decades has embraced Republican candidates. Two months ago Hunter coasted through the June primary despite the ongoing FBI investigation that produced the 60-count indictment. The 50th Congressional District east of San Diego is the most Republican in Southern California. …read more […]

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MOVES-MetLife names new bosses for its Asia business

U.S. insurer MetLife Inc on Wednesday named Kishore Ponnavolu as president of the company’s Asia region, while Rebecca Tadikonda was named head of strategic growth markets for the region. Ponnavolu is the current head of the insurer’s auto and home business in the United States, while Tadikonda is MetLife’s chief strategy officer. Both appointments are effective on Sept. 1. …read more […]

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Alibaba (BABA) Stock Dips Ahead of Earnings: What to Watch

Alibaba (BABA) saw its stock price slip marginally during regular trading hours Wednesday as part of a nearly 10% decline over the last three months. BABA’s dip signals that investors are skeptical about the Chinese e-commerce powerhouse. So let’s see what they should really expect from Alibaba’s quarterly results, which are due out before the opening bell Thursday. …read more […]

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Don’t Hit the Buy Button on iQiyi Stock Just Yet

If this is money you could just as easily burn, then go right ahead and buy IQ stock. While it’s true that iQiyi (pronounced eye-CHEE-yee) could become a big winner, little is certain, especially in the China market (IQ also operates in Taiwan). There are important differences between how iQiyi and Netflix operate that you want to keep in mind. …read more […]