Business

China reported lower than expected manufacturing activity in December amid its trade dispute with the U.S. Official manufacturing Purchasing Managers’ Index (PMI) was 49.4 — lower than the 49.9 analysts expected in a Reuters poll. That was worse than November’s official manufacturing PMI, which was 50.0. A reading above 50 indicates expansion, while a reading
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In recent years, Mediterranean and Asia Pacific flavors have become more mainstream, with diners indulging in the Hawaiian dish poke and falafel rice bowls at restaurants like Cava. However, in 2019 you’ll likely see more of a North African and Middle Eastern influence. Harissa, a Tunisian hot chili pepper paste, is already enticing diners in
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As the streaming video wars heat up, technology companies like Apple, Facebook, Netflix and Amazon are willing to spend billions of dollars on movies and shows that they hope will attract big audiences. On the other side of the market, smaller niche services are testing out a more cost-sensitive model. Dust, from independent studio Gunpowder
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U.S. banks and regulators continue to struggle tracking and curbing money moved through international banks and companies that ultimately is used to fund the North Korean government, according to a report in the The Wall Street Journal. That’s because North Korea uses proxies with hidden government ties across the globe to facilitate moving those payments,
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Tesla has outmaneuvered the Securities and Exchange Commission by appointing Larry Ellison and Kathleen Wilson-Thompson to its board, management expert Jeffrey Sonnenfeld told CNBC on Friday. The electric-car company made the appointments on Friday to comply with an SEC settlement. “The SEC has been had on this one,” said Sonnenfeld, senior associate dean at the
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Gap is getting ready to move out of its massive store on Fifth Avenue in New York, as the apparel retailer recently said it’s considering shuttering hundreds of locations “aggressively” to focus on higher-performing shops. The three-level Gap store at 680 Fifth Ave. will close Jan. 20, a company spokeswoman told CNBC. The company declined
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Facebook reportedly killed a feature meant to expose its users to different perspectives over fears of being seen as having a liberal bias, according to a Wall Street Journal report published Sunday. Facebook’s most prominent conservative executive and global policy head Joel Kaplan reportedly pushed for the feature to be squashed, according to the Journal.
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Tumblr has long housed some of the most self-expressive, marginalized communities of the internet. The site welcomed LGTBQ and sex-positive bloggers, artists and creators, self-proclaimed nerds and those in need of support. Now, with a strict and poorly executed ban on adult content, Tumblr is alienating power users and pushing some to other sites. The
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A Santa Claus rally, which would begin on Monday, is a very specific event: the tendency for the market to rise in the last five trading days of the year and the first two of the new year, good for an average gain of 1.3% in the S&P since 1950, according to the Stock Trader’s
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As Christmas fast approaches, children around the world are anxiously anticipating the arrival of Santa Claus. Now, those children lucky enough to have parents who drive Chevrolets will be able to track his deliveries through General Motors’ OnStar information and communication system. The automaker is getting in on a decades-old tradition started by the North
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To become one of the dominant digital advertising platforms, Facebook used the data of its members to create hyper-specific categories so marketers could get close to their most valued customers. That same targeting technology presented a gold mine for Russians over the past five years in their efforts to influence American voters. In a report
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Renault’s top executive has written a letter to Nissan urging a shareholder meeting, The Wall Street Journal reported on Sunday, citing the arrest of Carlos Ghosn in Tokyo last month as a “significant risk” to the car makers’ partnership. Ghosn was apprehended in November on suspicions of underreporting income and misusing company funds. The Journal
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