Business

Walmart Pulls Video Game Displays, Still Sells Guns

USA Today reports: Following two shootings inside its stores, Walmart is removing violent video game displays and signs from stores, the retailer confirmed Thursday. Stores were sent a memo that called for “immediate action” to remove signing and displays that “contain violent themes or aggressive behavior.” The memo circulated on Twitter and Reddit, and Walmart officials confirmed its authenticity to …

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Trump Accuses Fed Reserve Of Hindering US Exports

The Hill reports: President Trump on Thursday put renewed pressure on the Federal Reserve to cut interest rates, arguing the strength of the U.S. dollar is hurting American manufacturers. In a series of tweets, Trump accused the Fed of hindering U.S. exports by keeping interest rates relatively high compared to other economic powers. He suggested the central bank should weaken …

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Equinox Faces Boycott Over Owner’s Trump Fundraiser

Forbes reports: A report that Stephen Ross, the billionaire owner of the Equinox and SoulCycle fitness clubs and the Miami Dolphins, would host a Hamptons fundraiser for President Trump prompted a social media meltdown today, with calls for boycotts and protests. Ross, whose net worth Forbes estimates at $7.7 billion, is also chairman of Related Companies, which is behind the …

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Corporations Advise Investors On Mass Shooting Risks

CBS News reports: When publicly listed companies disclose risks for shareholders in their filings with the Securities and Exchange Commission, they typically cite business factors such as potential economic downturns, labor costs and currency fluctuations. But a new threat is starting to appear in annual earnings reports: The danger of getting shot. The Cheesecake Factory and Dave & Buster’s Entertainment …

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Luxury Retailer Barneys Files For Bankruptcy [VIDEO]

CNBC reports: Barneys New York, an icon of New York retail, filed for bankruptcy early Tuesday morning, with a plan to significantly reduce its footprint, as it looks for a buyer to stave off liquidation. The retailer said it will focus on running only 5 of its more than 10 namesake stores: on New York’s Madison Avenue, in downtown Manhattan, …

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US Declares China To Be A “Currency Manipulator”

Axios reports: U.S. Treasury Secretary Steven Mnuchin on Monday night declared China to be a currency manipulator, just hours after the Chinese government allowed the yuan to slip below a 7-to-1 dollar ratio for the first time in over a decade. Why it matters: This is a further ratcheting up of trade tensions between the two countries, and also marks …

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Stock Market Tumbles 767 Points Due To Trade War

Bloomberg reports: Financial markets buckled after China escalated the trade war with the U.S., sending American stocks to the biggest drop this year and sparking a rally in global bonds. Gold surged with the yen. The S&P 500 Index plunged about 3% and losses in the Dow Jones Industrial Average surpassed 750 points. Apple and IBM slid at least 4.5% …

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Walmart Will Make No Change In Its Gun Sales Policy

Reuters reports: Walmart Inc, the largest firearms retailer in the country, said on Monday there has been no change in company policy on firearms sales after two mass shootings over the weekend. The company has issued no directives to stores around the country to change its policy, spokesman Randy Hargrove told Reuters. Walmart stopped selling assault-style rifles in 2015 and …

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China Vows To Retaliate Over Trump’s New Tariffs

NBC News reports: China shot back on Friday after President Donald Trump announced on Twitter that the U.S. would impose an additional 10 percent tariff on $300 billion in Chinese imports starting next month. Chinese foreign ministry spokeswoman Hua Chunying called Trump’s move a “serious violation” and warned Beijing would have to take “necessary countermeasures” if the tariffs were imposed. …

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Trump Sides Against US Airlines In Wild CEOs Meeting

NBC News reports: The three largest U.S. airlines presumed that President Donald Trump would take their side in a ferocious, yearslong dispute with Persian Gulf-based airlines — if they could just get his attention. They got his attention, by way of TV ads the president saw on Fox News. But when Trump finally gathered executives from both sides of the …

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Holiday Inn Parent To Drop Mini Shampoo Bottles

The Associated Press reports: The fight to save the seas from plastic waste may mean the end for mini bottles of shampoo and other toiletries that hotel guests love to stuff into their luggage. The owner of Holiday Inn and InterContinental Hotels says Tuesday that its nearly 843,000 guest rooms are switching to bulk-size bathroom amenities as part of an …

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Hacker Arrested In Massive Capital One Data Breach

The New York Times reports: A software engineer in Seattle hacked into a server holding customer information for Capital One and obtained the personal data of over 100 million people, federal prosecutors said on Monday, in one of the largest thefts of data from a bank. The suspect, Paige Thompson, 33, left a trail online for investigators to follow as …

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Sprint/T-Mobile Merger Gets Final Approval From DOJ

The Verge reports: The United States Justice Department has approved the $26 billion merger deal between T-Mobile and Sprint. After over a year in regulatory limbo, the merger received the green light from the last federal agency to hold out, with the Federal Communications Commission already signaling that it will approve the deal. The Justice Department finally approved the deal …

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Trump: Apple Will Get No “Wavers” On China Tariffs

CNBC reports: In a tweet on Friday, President Trump said his administration will not grant Apple any relief on Mac Pro parts made in China. Apple said in June that tariffs on its products will reduce its contribution to the U.S. economy. In a letter to U.S. trade representative Robert Lighthizer, Apple said tariffs would “also weigh on Apple’s global …

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Southwest Pulls Out Of Newark Over Boeing 737 Max

CNBC reports: Shares of Southwest Airlines tumbled Thursday after the low-cost carrier said it doesn’t plan to fly the grounded Boeing 737 Max until next year, warned about higher-than-expected costs and announced it’s pulling out of Newark Liberty International Airport. The airline removed the Max from its schedules until Jan. 5, the latest of any U.S. airline and a sign …

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Deal Or No Deal: Johnson Vows Brexit On October 31st

Reuters reports: Boris Johnson used his first speech as prime minister to vow to lead Britain out of the European Union on Oct. 31 “no ifs or buts”, warning that if the European Union refused to negotiate then there would be a no-deal Brexit. Johnson, who has been hailed by U.S. President Donald Trump as Britain’s Trump, is sending the …

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WINNING: Chinese Investments In US Plummet 90%

The New York Times reports: Growing distrust between the United States and China has slowed the once steady flow of Chinese cash into America, with Chinese investment plummeting by nearly 90 percent since President Trump took office. The falloff, which is being felt broadly across the economy, stems from tougher regulatory scrutiny in the United States and a less hospitable …

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TripAdvisor Blasts Into “Straight Pride” Extremists With Hilarious Warning That Weaves In Gay Anthem Titles

CBS News Boston reports: TripAdvisor sent the organizers of Boston’s upcoming “Straight Pride” parade a cease-and-desist letter on Friday. The Needham-based travel website said organizers claimed they’re in negotiations with the company as a potential sponsor. TripAdvisor said that’s not the case and in a letter using song titles popular with the LGBTQ community ordered the parade to stop using …

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Christian Bookseller Drops Name Over CBD Confusion

Religion News Service reports: A popular Christian bookseller is changing its name after a deluge of requests for cannabis-related products. For years, Peabody, Massachusetts-based Christian Book Distributors has been known by the initials CBD. The bookseller announced last month it will now go by “Christianbook” to avoid confusion with cannabidiol, an increasingly popular cannabis-derived product that shares its initials. “The …

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Big Tech Is Tracking Your Browsing On Porn Sites

The New York Times reports: Silicon Valley’s biggest companies are always watching you — even when you’re browsing pornography websites in incognito mode. Trackers from tech companies like Google and Facebook are logging your most personal browsing details, according to a forthcoming New Media & Society paper, which scanned 22,484 pornography websites. Where that data ultimately goes is not always …

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