Stocks slide again as Saudi fears wrangl...

Stocks slide again as Saudi fears wrangle nerves


U.S. stocks dropped sharply across the board as worries about higher interest rates coupled with profit warnings, concerns about relations with Saudi Arabia toppled investor confidence

Wall Street drops on Italy, Saudi Arabia worry

U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the U.S. and Saudi Arabia. Fred Katayama reports.

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MoviePass parent company under investigation for fraud

Helios and Matheson, the parent company of popular movie subscription service MoviePass, is under investigation by the New York Attorney General's office for fraud. Fred Katayama reports.

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Facebook sets up "war room" to take down fake news

Facebook launched a unit called "war room" to combat disinformation and fake accounts ahead of midterms. Fred Katayama reports.

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Dow Transports in correction turf but stocks not headed for another leg down, says Kevin Kelly

The managing partner of Benchmark Investments tells Reuters' Fred Katayama investors need not look for market capitulation. He sees the 10-year Treasury yields topping out.

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Breakingviews TV: Uber’s debt

The car-hailing app just issued $2 bln of bonds, days after the WSJ said bankers were suggesting Uber could be worth $120 bln. That’s a big shift for a company that little more than a year ago was wrestling with reputational issues. It’s also a bit premature, Robert Cyran argues.

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Mammoth lottery jackpots top $1.3 billion

The Mega Millions and Powerball jackpots combined now top $1.3 billion. Linda So has more.

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Pound supported as Britain's May open to longer Brexit transition

The British pound recovered to trade flat on Thursday after Prime Minister Theresa May confirmed she was open to discussing an extension of the transition period after Brexit. David Pollard reports.

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Japan orders quake shock absorber maker to replace parts after fake data

Japanese officials on Thursday ordered a company that falsified data on the quality of its earthquake shock absorbers to replace its products in hundreds of buildings, including a major tourist site and venues for the 2020 Olympics. Laura Frykberg reports.

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U.S. opts not to call China a currency manipulator

The U.S. government refrained from naming China or any other trading partner a currency manipulator. Fred Katayama reports.

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As farmers burn fields, Delhi braces for smog

Last year, Delhi and a large part of northern India were covered in a dangerous toxic smog that forced authorities to shut schools, and halt major construction in the city, and as crop burning season approaches for farmers, it looks like efforts to stop the city suffering the same fate again may be failing. Jayson Albano reports.

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European shares edge up as earnings quell Fed angst

European shares opened slightly higher on Thursday as a flurry of corporate trading updates somewhat quelled fears of fast-rising U.S. interest rates amid ongoing concerns the Sino-U.S. trade conflict could escalate and hurt the global economy. David Pollard reports.

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How Italy's far-right champion grew an online army

Italy's powerful Interior Minister and far-right leader Matteo Salvini has doubled support for his League party in just seven months. He did it by harnessing social media in manner that eclipses even U.S. President Donald Trump's prolific usage. Steve Scherer and Francesca Lynagh report.

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French minister and Thales CEO the latest to quit Saudi investor conference

More investors and politicians are pulling out of next week's Saudi conference following the disappearance and suspected murder of dissident journalist, Jamal Khashoggi. Laura Frykberg reports.

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Trade war: Japan's exports suffer but yuan spared by U.S.

Japan's exports fell in September for the first time since 2016 as shipments to the U.S. and China declined, likely impeding third quarter economic growth and adding to concerns about the broadening impact of an escalating Sino-U.S. trade war. As Sonia Legg reports, there are also concerns about the falling yuan even though Washington has refrained from labelling China a currency manipulator.

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A water fight in Chile's Atacama raises questions over lithium mining

Documents show that the battle for water between two mining giants in Chile, U.S.-based Albemarle and Chile's SQM is turning nasty.

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Dividend windfall: Santander latest target in Germany's giant fraud probe

Santander is the latest bank to be caught up in Germany's biggest post-war fraud investigation involving a share-trading scheme that the authorities say cost taxpayers billions of euros. David Pollards reports.

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Netflix smashes user growth numbers

Netflix flew past new subscriber numbers and far exceeded third quarter earnings forecasts in a sign the streaming video service is advancing its lead over old and yet-to-come rivals.

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Europe stocks look cheap - but no one wants them

As European earnings season gets under way, the region's stocks look cheap compared to U.S. peers. The puzzle is that investors still don't seem to want them.

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Uber value estimate soars ahead of likely IPO

Ride-hailing company Uber Technologies could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal reported on Tuesday.

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