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Trump Calls Kochs a ‘Total Joke’ After Break With GOP Candidate

President Donald Trump lashed out at the powerful public policy and political network built by billionaires Charles and David Koch after it criticized his leadership and broke with its tradition of backing Republican candidates by declining to support the party’s pick against a vulnerable Democratic senator in North Dakota. “The globalist Koch Brothers, who have become a total joke in real Republican circles, are against Strong Borders and Powerful Trade,” Trump tweeted Tuesday. James Davis, a spokesman for the network, didn’t immediately respond to an email seeking comment. …read more […]

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Samsung Profit Misses Estimates as Smartphone Growth Stalls

Jul.30 — Samsung Electronics Co.’s net income fell short of analysts’ estimates as slowing growth in the global smartphone market hits demand for its Galaxy devices, while Chinese rivals ramp up competition to supply displays. Bloomberg’s Intelligence’s Anthea Lai weighs in on “Bloomberg Daybreak: Asia.” …read more […]

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America's housing market is raising a 'large red flag' for the economy

Friday’s gross-domestic-product report showed that residential investment, which includes construction and brokers’ fees, fell for a third quarter out of four. It was another confirmation that the US housing market is in a slowdown. Sales of luxury and affordable housing have been declining for months. …read more […]

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CBS CEO Moonves survives board meeting amid misconduct probe

It was not immediately clear if Moonves would stay on for the duration of the investigation. Moonves, 68, is one of the global media industry’s highest-paid executives and could receive a severance package of more than $180 million (137.01 million pounds)based on his contract and the terms of his departure, according to CBS filings with the U.S. Securities and Exchange Commission. The media and TV company on Friday disclosed plans for a probe after the New Yorker magazine published an article detailing claims by six women who said Moonves sexually harassed them in incidents between 1985 and 2006. …read more […]