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What’s News |
| Good Morning Here’s what we’re watching as the U.S. business day gets under way: |
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Theresa May urges unity amid Brexit turbulence. The U.K. prime minister appealed to her cabinet to stick together, a day after a wave of resignations thrust her terms for a departure from the European Union into jeopardy. Companies start to sweat the prospect of a no-deal Brexit. Once seen as an unlikely outcome, the prospect of the U.K. crashing out of the EU is getting real—spooking firms big and small, including some far from Britain’s shores. Stocks and oil prices rise after Brexit drama. A rally in crude lifted markets in Europe and Asia, and the British pound steadied after there were no fresh resignations from the U.K. government on Friday morning. |
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The U.S. is optimistic it will prosecute Julian Assange. Over the past year, U.S. prosecutors have discussed several types of charges they could potentially bring against the WikiLeaks founder, as the Justice Department is increasingly positive it can get him into a U.S. courtroom. |
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North Korea touts an "ultramodern tactical weapon" test. The testing of a successful new weapon marks Pyongyang's first public announcement of continued military advancement since a diplomatic process with the U.S. and South Korea began earlier this year. |
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College football's burning question is about taxes. Seat donations, a longtime practice of many university athletic departments and considered integral to fundraising, was repealed after last year's tax overhaul. IRS guidance on questions about the change isn't expected for months. |
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David Hockney’s “Pool” painting sells for $90.3 million. The picture of a man overlooking a swimming pool sold at Christie’s in New York—setting a record for a living artist at auction. |
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Trump forged his ideas on trade in the 1980s—and never deviated. The president has been consistent on trade for decades, unlike on other issues, both in tone and substance. Longtime acquaintances say his philosophy came out of his experience in the cutthroat world of New York real estate and the rise of Japan as a global economic power. |
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Florida's tight Senate race is headed to a manual recount. The next phase in an increasingly bitter and litigious fight. Election officials have until Sunday to review ballots that a machine marked as having too many or too few selections in the race. |
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Walmart posted strong sales ahead of the holidays. The retailer saw sales at U.S. stores open for at least a year rise 3.4%, including a 43% jump in e-commerce sales. |
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Orientation in Congress is meant for winners. This year, that's complicated, as an unusually high number of midterm races remain in limbo, leading to some awkward moments on Capitol Hill. |
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Last year’s tax cut is about to start shrinking. The IRS announced the tax code's parameters for 2019, implementing a new method for inflation adjustments that will result in higher tax payments—and government revenue—over time. The shift will reportedly cost Americans $133.5 billion over a decade. |
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The "prosperity" bomb of an Amazonian invasion. If Seattle is a guide for the future hosts of the online retailer’s second headquarters, Amazon’s arrival will be transformative. But the invasion of workers will also bring headaches like traffic jams and a jump in housing prices. |
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Yes, you're hired. No, we don't need to meet you first. Employers trying to recruit in the toughest job market in decades are hiring some candidates sight unseen, at times after one phone interview. The practice is spreading among certain in-demand white-collar roles, such as engineers, IT professionals and teachers. |
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How millennials can maximize their retirement savings. Because of the financial crisis, millennials are behind where their parents stood at similar ages. But financial pros say it is not too late to build a sustainable retirement fund if you follow some basic savings guidelines: set aside 10% for a 401(k), build an emergency fund, cut student debt and buy disability insurance. |
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JPMorgan Chase launches new assault on Silicon Valley. As the U.S. heads into a bumper year for tech IPOs, the bank is betting it can shrug off the loss of two of its most senior tech bankers and break the duopoly of Goldman Sachs and Morgan Stanley on big deals. | via the Financial Times |
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Top U.K. soccer clubs oppose plan for fewer overseas players. Premier League clubs told Football Association officials that they don’t plan to reduce the number of foreign players they sign after Brexit. | via Bloomberg |
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Navy SEALs and Marine Raiders face murder charges. The Navy will proceed with charges against four elite service members who are accused of strangling a Special Forces soldier in Mali last year. | via the Washington Post |
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NFL Strike Ends After Deal Is Reached The 1982 National Football League Strike ended after 57 days, resulting in a shortened season to 9 games from 16. The strike began after the National Football League Players Association demanded that a wage scale based on percentage of gross revenues be implemented. The Journal reported on the impact on broadcasters from the strike and its conclusion on Nov. 18, 1982: Just as the start of the National Football League strike threw them into disarray, the walkout's end forced the broadcasting networks into a mad scramble. The networks yesterday said they were rushing to reassign staff and juggle program schedules in anticipation of the return of professional football this weekend. |
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