News 

Huawei beats Apple in smartphone sales for the first time

“The success in its smartphone division comes as Huawei faces significant headwinds in its telecommunications business” writes Sherisse Pham for cnn.com. The Chinese smartphone maker sold around 54 million phones last quarter, up more than 40% compared to the same period last year, according to research firms IDC, Canalys and IHS Markit. Source: cnn.com Share This:

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News Platforms 

Facebook kills accounts over ‘coordinated inauthentic behavior’ as elections near

“Facebook said the accounts paid $11,000 in U.S. and Canadian currency to purchase 150 ads, dating as far back as April 2017” writes Ap Photo Jeff for washingtonexaminer.com. The activity shows that “the Kremlin continues to exploit platforms like Facebook to sow division and spread disinformation,” said Sen.Facebook and rival platforms like Twitter and YouTube are under a spotlight with U.S. elections a little more than three months away. Source: washingtonexaminer.com Share This:

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News 

Bill funding medicines for pets and livestock heads to Trump

“They include directing the FDA to give drugmakers more information about what kind of data it can accept when it reviews drug applications, and will require drugmakers to submit applications electronically starting Oct. 1” writes Ap Photo Damian for washingtonexaminer.com. As with drugs used in humans, the Food and Drug Administration charges fees for drug and device applications and uses that money to speed up their review. Source: washingtonexaminer.com Share This:

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News 

Mismanaged, overcrowded forests provide fuel to historic California wildfires, experts say

“California state and federal officials have responded to about 4,500 fires this year that have burned nearly 400,000 acres of land, easily outpacing last year’s record burns” reports washingtonexaminer.com. The other method, called forest thinning, involves crews removing small trees to reduce the amount of fuel in dry forests. Source: washingtonexaminer.com Share This:

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News 

John Brennan: I haven’t heard from the White House about threats to revoke security clearance

“Comey, who was dismissed by Trump last year, and McCabe, who was fired in March, no longer have security clearances. [Opinion: Trump has the authority to revoke security clearances” reports washingtonexaminer.com. “I have heard nothing other than what has come out from the White House spokesperson,” Brennan said Tuesday on MSNBC. The White House threatened on July 23 to revoke the security clearances of top former officials who have been critical of Trump.”I don’t know anybody in the intelligence national security realms who takes what Rand Paul says seriously.Should he?]…

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News 

A White House spokesman suggested Tuesday that President Trump has not ruled out unilaterally cutting taxes by indexing capital gains to inflation, citing general interest in the maneuver.

“Supply-siders who favor lowering capital gains taxes argue that the measure would boost economic growth by increasing the rewards to investment” reports washingtonexaminer.com. Before joining the White House, top Trump economic adviser Larry Kudlow, former CNBC commentator and Reagan-era economic adviser, called on the president to pursue the tax cut.The action would have the effect of cutting taxes on capital gains by shrinking the size of any gains that the tax would apply to.A White House spokesman suggested Tuesday that President Trump has not ruled out unilaterally cutting taxes by…

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News 

Robert Mueller hands federal prosecutors inquiries into lobbyists as foreign agents: Report

“CNN reports the inquiries involve whether lobbyists and operatives failed to register their work as foreign agents and were referred to the New York federal prosecutors earlier this spring” reports washingtonexaminer.com. Manafort and his associate Rick Gates were indicted last year with failing to register as foreign agents, conspiracy against the U.S., and conspiracy to launder money, among other crimes. Source: washingtonexaminer.com Share This:

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EUR News Reviews 

EUR Daily Review August 1, 2018

EUR Daily Review for August 1, 2018 Euro and US Dollar Focused on Fed, May Look Past Key Data The Euro and the US Dollar are likely to look past incoming economic growth and inflation data as all eyes turn the Fed monetary policy   EUR/USD well supported at 1.1700 ahead of CPI, GDP The bid tone around the European currency remains well and sound during the first half of the week, motivating EUR/USD to reclaim the area above the k   EURUSD Price Analysis: Euro Rally Nearing Resistance The…

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News Regulators 

Gold steady ahead of Fed statement

“Spot gold was unchanged at $1,223.45 an ounce at 0050 GMT, after hitting the lowest since July 19 at $1,214.40 overnight” writes Source World Gold for cnbc.com. Euro zone economic growth slowed further in the second quarter, preliminary data showed, on what economists said were concerns over a possible trade war with the United States.U.S. gold futures were 0.1 percent lower at $1,222.40 an ounce.Gold prices were steady early Wednesday, after slipping to a near two-week low in the previous session, as investors waited for the outcome of the U.S.…

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Futures News Oil 

Oil markets: US stockpiles unexpectedly rise biggest monthly slump in two years

“Saudi Arabia suspended oil shipments through the strait last week after the Houthis attacked two Saudi oil tankers” writes unknown author for cnbc.com. Brent fell more than 6 percent in July, while U.S. crude futures slumped about 7 percent, the biggest monthly decline for both benchmarks since July 2016.U.S. crude futures were down 44 cents, or 0.6 percent, at $68.32 a barrel, having dropped nearly 2 percent on Tuesday.Oil prices fell on Wednesday after industry data showed U.S. stockpiles of crude unexpectedly rose, starting the new month in negative territory…

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