Stocks soared this year. Half of millennials missed out

Stocks soared this year. Half of millennials missed out

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At 27, Nick de León knows firsthand about the gulf between millennials and Wall Street. De León graduated this year from UC Berkeley with bachelor’s degrees in political science and rhetoric with plans to start law school soon, and he has an internship with a Superior Court judge in his hometown of San Bernardino. He’s […]

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Internet cut off in parts of India as protests continue

Internet cut off in parts of India as protests continue

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The internet was cut off in parts of India’s largest state as the authorities stepped up their response to the wave of protests that have swept the country in recent weeks. More than 120 people have been arrested in India’s biggest state of Uttar Pradesh for inflammatory posts on social media relating to the contentious […]

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Exclusive: FBI investigates Briton, others for Epstein links

Exclusive: FBI investigates Briton, others for Epstein links

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By Mark Hosenball (Reuters) – The FBI is investigating British socialite Ghislaine Maxwell and several other people linked to U.S. financier Jeffrey Epstein, who killed himself while awaiting trial on sex trafficking charges, according to two law enforcement sources familiar with the investigation. They said a principal focus of the FBI’s investigation is Maxwell, a […]

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Drones need a huge tracking network, FAA says

Drones need a huge tracking network, FAA says

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All but the smallest civilian drones would have to broadcast radio tracking data, under a sweeping proposal unveiled Thursday by U.S. regulators seeking to ensure greater safety and prevent terrorism. The long-awaited draft rules call for a massive new tracking network for everything from toys to larger commercial drones so that law enforcement can spot […]

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Russians sober up under health-conscious Vladimir Putin

Russians sober up under health-conscious Vladimir Putin

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Smirnoff’s first vodka warehouse in central Moscow is becoming an arts and culture complex. Cheering fans at the Russian capital’s ice hockey derby are fuelled only by non-alcoholic lager. And the ubiquitous pavement kiosks that once sold vodka bottles and dried fish snacks taped to the windows now deal only in newspapers and soft drinks. […]

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U.S. energy shareholders seek to leave behind a lost decade By Reuters

U.S. energy shareholders seek to leave behind a lost decade By Reuters

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By Lewis Krauskopf and Jessica Resnick-Ault NEW YORK (Reuters) – The 2010s was a lost decade for shares of U.S. energy companies overall. Volatile commodity prices amid growing supply, poor financial performance and disfavor from some investor groups all contributed to the energy sector’s transformation from investor darling to investor outcast. Graphic: https://fingfx.thomsonreuters.com/gfx/mkt/13/318/318/Pasted%20Image.jpg U.S. crude […]

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Holiday retail sales climb, and there's more shopping ahead

Holiday retail sales climb, and there’s more shopping ahead

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More Americans did their shopping online during the shortest holiday shopping season in years, helping to push total sales higher. U.S. retail sales from Nov. 1 to Dec. 24 rose 3.4% compared with last year, according to early data from Mastercard SpendingPulse. Online sales rose at a faster pace, up 18.8% from last year. Online […]

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Benjamin Netanyahu fights off rival to lead Likud in Israeli election

Benjamin Netanyahu fights off rival to lead Likud in Israeli election

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Benjamin Netanyahu has proclaimed a “gigantic victory” in Thursday’s Likud party primaries that saw him fend off a would-be successor ahead of the country’s third national elections. Gideon Sa’ar, a former cabinet minister who sought to wrest control of the long-ruling party from the embattled Mr Netanyahu, conceded defeat early Friday morning. “I congratulate the […]

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Stocks rise modestly as Fed leaves interest rates unchanged

Stocks close at record highs. Nasdaq tops 9,000 for the first time

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Retailers and technology companies drove modest gains for stocks on Wall Street on Thursday, extending the market’s record-setting run. The Nasdaq composite climbed above 9,000 points for the first time as technology stocks rose. The index extended its winning streak to 11 days. Data showing that a last-minute surge in online shopping helped lift holiday […]

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