• Trump visits US-Mexico border
Trump visits US-Mexico border

California Gov. Gavin Newsom disproved Trump's claim about lawsuits earlier Friday, leading a coalition of 20 states in filing a motion for preliminary injunction in federal court to stop the Trump administration from using a national emergency declaration to divert government funds for border wall construction.

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  • RBI cuts repo rate by 25 bps
RBI cuts repo rate by 25 bps

The RBI MPC's three-day meeting started on Tuesday with the Investors hoping that the central bank will go for a 25 bps rate cut in its monetary policy announcement. Apart from USA trade issues, the uncertainties in the European market due to lingering Brexit decision has contracted the industrial production during September-January.

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  • Power stocks gain, RattanIndia Power surges 12% on SC order
Power stocks gain, RattanIndia Power surges 12% on SC order

The apex court on Tuesday struck down an important circular issued by the RBI on February 12 past year, which required banks to be stricter with borrowers who delay repayments. "Also, the decision to send defaulting companies to the National Company Law Tribunal (NCLT) should be left to the discretion of the banks, but can be monitored closel...

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  • Former Nissan Chairman Carlos Ghosn Rearrested in Tokyo Minutes Before TV Interview
Former Nissan Chairman Carlos Ghosn Rearrested in Tokyo Minutes Before TV Interview

According to the Tokyo prosecutor's office, the new charge involves Ghosn diverting Nissan funds for personal use. His lead lawyer, Junichiro Hironaka , said prosecutors wanted to silence Ghosn who on Wednesday tweeted plans to hold his first press conference on April 11.

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  • Saudi Aramco IPO Unlikely Despite Big Profits
Saudi Aramco IPO Unlikely Despite Big Profits

Aramco IPO may be delayed but it is offering up bonds and received its first-ever ratings from Fitch and Moody's. The first official glimpse of Saudi Aramco's financial performance confirms the state-run oil giant can generate profit like no other company on Earth: net income previous year was $111.1 billion, easily outstripping US behemoths incl...

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  • April Fool's Day Could Have Triggered Bitcoin Price Surge
April Fool's Day Could Have Triggered Bitcoin Price Surge

Analysts could not point to any specific news or developments in the cryptocurrency sector that could explain the mystery buyer's big order. Today's gain was probably triggered by an order worth about $100 million spread across US -based exchanges Coinbase and Kraken and Luxembourg's Bitstamp, said Oliver von Landsberg-Sadie, chief executive of...

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  • Amazon boss Jeff Bezos and wife MacKenzie finalise divorce deal
Amazon boss Jeff Bezos and wife MacKenzie finalise divorce deal

Jeff Bezos also retains complete control of the Washington Post and Blue Origin. FBN's Stuart Varney on Amazon CEO Jeff Bezos announcing he and his wife MacKenzie will be divorcing after 25 years of marriage. "Grateful to have finished the process of dissolving my marriage with Jeff with support from each other and everyone who reached out to ...

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  • National Burrito Day 2019: $5 Burritos At Moe’s & More Epic Deals
National Burrito Day 2019: $5 Burritos At Moe’s & More Epic Deals

Showing it on your phone is fine, too! Burrito lovers can take advantage of free delivery on any order worth $10 or more placed through Chipotle's app or Doordash . Abuelo's is also selling Grande and Durango burritos at the special price of $7.99 each on Thursday, April 4. Del Taco: Dowload the Del Taco Del app for a free half-pound B...

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  • Elon Musk drops rap song eulogizing Harambe the gorilla
Elon Musk drops rap song eulogizing Harambe the gorilla

A few hours later, he backtracked slightly , saying he meant Tesla would be manufacturing about 125,000 cars per quarter by the end of this year, a pace that would translate into 500,000 vehicles annually. "The Street was expecting an apocalyptic quarter and Model 3 deliveries were better than feared by many", he said. Tesla CEO Elon Musk is n...

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  • Manufacturing rebound, trade hopes lift stocks
Manufacturing rebound, trade hopes lift stocks

The benchmark 10-year U.S. Treasury yield edged up to a six-day high of 2.444 percent, pulling away from a 15-month low of 2.340 percent brushed on March 25. The official Purchasing Managers' Index, too, rose to 50.5 in March from February's three-year low of 49.2, marking the first expansion in four months, according to data released by the Nation...

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  • Trump takes a step back from threat to close southern border
Trump takes a step back from threat to close southern border

They have the power to stop them, they have the laws to stop them", Trump said earlier on Tuesday. Mexican manufacturers are also highly integrated in United States supply chains and the closure could disrupt business for a variety of American businesses.

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  • Whole Foods Market Just Announced Huge Price Cuts + New Prime Deals
Whole Foods Market Just Announced Huge Price Cuts + New Prime Deals

According to a press release, customers will find lower prices on hundreds of items throughout stores with an emphasis on "high quality, peak-of-season produce, including greens, tomatoes, tropical fruits and more". Over the next few months, customers can expect more than 300 Prime member deals on popular items as well as an additional 10 percent ...

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  • Oil rises to four-month high as OPEC output retreats again
Oil rises to four-month high as OPEC output retreats again

U.S. West Texas Intermediate crude rose 22 cents, or 0.4 percent, to $62.80 cents a barrel, earlier rising to $62.90, the highest since November 7. A fresh leg higher started yesterday after surveys showed OPEC hitting 135% of its quota with production at a four-year low.

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  • Brexit: UK MPs push to prevent no-deal in law
Brexit: UK MPs push to prevent no-deal in law

Brexit Secretary Stephen Barclay said the government would continue to seek support for a "credible" plan for leaving the EU . "So we will need a further extension of (the EU's) Article 50 - one that is as short as possible and which ends when we pass a deal".

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  • White House softens tone after threat to close border with Mexico
White House softens tone after threat to close border with Mexico

White House officials have not settled on a firm plan, but they are responding to widespread complaints from business groups that closing the border would be a major blow to industries such as agriculture and automakers. A border closure would squeeze U.S. corn, soybean and dairy farmers, too, if they can't ship their produce into Mexico. Many wh...

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  • Brexit vote: MPs reject all options as chaos continues
Brexit vote: MPs reject all options as chaos continues

These options proved likelier to get a majority in the House of Commons than the Brexit deal the PM negotiated with the EU. This could also provide the final nail in Theresa May's career as Prime Minister. Motion D (Common market 2.0) was defeated by 282 votes to 261, majority 21, with Motion E (second referendum) rejected by 292 votes to 280, ...

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  • Lyft stock drop is bad news for tech startups
Lyft stock drop is bad news for tech startups

Lyft shares were out of gas in their second day as a publicly traded company. Its shares opened for trading at $87.24, up almost 20 percent from its offer price one day earlier. Given the doubts about Lyft's long term balance sheet, many probably waited to see what would happen Friday, and given the slump in price simply liquidated their holdings t...

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  • Most Profitable Company in the World Doesn't Do Tech
Most Profitable Company in the World Doesn't Do Tech

The company had $48.8 billion of cash relative to $27 billion of reported group debt at the end of previous year , said the agency, which gave the firm an A1 rating. "Saudi Aramco's per-barrel profitability significantly improved in 2017 as the state has reduced the company's tax rate to 50 percent from 85 percent, and started to compensate the ...

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  • Burger King to test vegan Impossible Burgers
Burger King to test vegan Impossible Burgers

If all goes well, Burger King will roll out the Impossible Whopper nationally. The vegetarian burger patty was created by California-based Impossible Foods , The New York Times reported. "We launched the Impossible Burger in 2016, but we didn't stop there". White Castle has also sold Impossible Burgers in sliders at all of their locati...

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  • Erdogan faces serious setbacks in Turkish local elections
Erdogan faces serious setbacks in Turkish local elections

Central Bank "backdoor tightening" over the last week to prevent a repeat of last year's lira crisis, when the currency fell 30 percent, "did not really increase confidence in their policy making", Leuchtmann said. Erdogan also said the next elections would be held in June 2023 and that Turkey would carefully implement a "strong economic programm...

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