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Facebook tests adding news stories customized to users’ interests

August 17, 2017 By David Ingram SAN FRANCISCO (Reuters) – Facebook Inc is testing a feature in the Facebook News Feed that provides customized links to news on topics of interest to individual users, as the company continues to search for ways to increase the amount of time that people spend using the world’s largest social media network. The offering, called “Featured Topic,” is being tested on News Feed, the core of Facebook. Each selected item includes a couple of sentences of text on a subject, a link to a…

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election ICI Michigan Money Top News U.S. 

Investors pull more cash from U.S. domestic stock funds: ICI

August 9, 2017 By Trevor Hunnicutt NEW YORK (Reuters) – Momentum for domestic U.S. stock funds waned during the latest week, with investors pulling cash from those products for a sixth week out of the last seven, Investment Company Institute (ICI) data showed on Wednesday. The funds posted $3.9 billion in withdrawals during the week ended Aug. 2, the trade group said, even as U.S. stocks steamed higher. The S&P 500 is on pace to deliver double-digit percent returns for seventh year in the last decade. Investors say that rise…

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Economy election President Donald Trump report Top News U.S. 

Dow chalks up eighth record close in a row

August 4, 2017 By Noel Randewich (Reuters) – The Dow Jones Industrial Average ended at its eighth straight record high on Friday, with gains in JPMorgan Chase and other banks after data showed U.S. employers hired more workers than expected in July. The strong jobs report is likely to clear the way for the Federal Reserve to announce a plan to start shrinking its $4.2 trillion bond portfolio in September, and could strengthen its case to raise rates for the third time this year in December. The Labor Department report…

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Business Economy election month Top News UK 

UK companies’ optimism on economy slips to six-month low – Lloyds

July 30, 2017 LONDON (Reuters) – British businesses are their least optimistic about the economy in six months and their overall confidence levels remain slightly below average, a survey showed on Monday, adding to a lackluster outlook for the economy. Lloyds Bank said its survey pointed to moderate growth although there had been some improvement from a month earlier, just after Prime Minister Theresa May unexpectedly failed to win a parliamentary majority in a national election. “Confidence remains just below the long-term average and is consistent with a moderately positive…

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Def Con election results Tech Top News U.S. 

Hackers scour voting machines for election bugs

July 28, 2017 By Jim Finkle LAS VEGAS (Reuters) – Hackers attending this weekend’s Def Con hacking convention in Las Vegas were invited to break into voting machines and voter databases in a bid to uncover vulnerabilities that could be exploited to sway election results. The 25-year-old conference’s first “hacker voting village” opened on Friday as part of an effort to raise awareness about the threat of election results being altered through hacking. Hackers crammed into a crowded conference room for the rare opportunity to examine and attempt to hack…

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Economy election policy Russian Top News U.S. 

Speculators sour on U.S. dollar, yen shorts press on: CFTC, Reuters

July 21, 2017 By Saqib Iqbal Ahmed NEW YORK (Reuters) – Speculators’ bets on the U.S. dollar swung to a net short for the first time in more than a year, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the dollar’s net short position, derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars, was $1.91 billion, in the week ended July 18. That compares with a net long…

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bank election government Kenya Tech Top News 

Kenya’s latest mobile phone bond falls short of target

July 21, 2017 By Duncan Miriri NAIROBI (Reuters) – An innovative Kenyan bond which is bought via mobile phone had raised far less than the 1 billion shillings ($9.6 million) targeted on Friday, failing to match a previous success. In March, the East African nation became the first country to issue a mobile phone-based bond, which can be bought by phone users without the need for them to have a bank account. Investors can use mobile phone networks’ financial platforms like M-Pesa to send money and receive interest payments on…

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Economy election President Donald Trump Russia Tokyo Top News 

Euro rises above $1.1480 to highest level since May 2016

July 12, 2017 TOKYO (Reuters) – The euro edged up to its highest level since May 2016 in Asian trading on Wednesday, as the dollar came under pressure following President Donald Trump’s eldest son’s release of emails suggesting he welcomed Russia’s help in last year’s election campaign. The currency was up 0.1 percent at $1.1480 after rising as high as $1.1482. (Reporting by Tokyo markets team; Editing by Sam Holmes) Powered by WPeMatico

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Business China Doha election U.S. 

Global stocks, dollar, oil, treasury yields start quarter with gains

July 3, 2017 By Sinead Carew NEW YORK (Reuters) – U.S. and European shares kicked off the new quarter with gains on Monday as talk about interest rate hikes boosted bank stocks, while the dollar edged up from nine-month lows and U.S. Treasury yields hit their highest in more than eight years. Oil prices resumed their longest stretch of daily gains in more than five years after data pointed to moderating U.S. crude output, though analysts said news of rising OPEC production could cap the rally. The S&P 500 index…

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Business China Doha election U.S. 

Europe shares start third quarter with solid gains, dollar up

July 3, 2017 By Nigel Stephenson LONDON (Reuters) – European shares began the new quarter with solid gains and Asian shares held near two-year highs, while the dollar lifted from nine-month lows as U.S. Treasury yields hit their highest since mid-May. Oil prices rose as U.S. drilling activity declined for the first time since January, though gains were capped after a Reuters survey showing OPEC output was its highest of the year last month. The pan-European STOXX 600 index, which suffered its biggest month loss in a year in June…

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