Fed survey finds US economy expanding despite trade fallout. US economy looking durable despite risks from trade conflict. Asian shares retreat after Trump approval of Hong Kong bill.
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The Early Bird Newsletter

Thursday, November 28th

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Fed survey finds US economy expanding despite trade fallout
Politics

Fed survey finds US economy expanding despite trade fallout

The Federal Reserve said Wednesday that the U.S. economy was expanding at a modest pace in October and early November, supported by growing consumer spending. In its latest assessment of business conditions nationwide, the Fed struck a more upbeat tone than it had in its previous repo...

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US economy looking durable despite risks from trade conflict
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US economy looking durable despite risks from trade conflict

A series of government reports Wednesday cast a picture of a steadily growing U.S. economy, fueled by solid consumer spending and defying threats — at least for now — from a U.S.-China trade war and a global slowdown. The Commerce Department estimated that the economy grew at a modera...

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Dilip Patel
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Asian shares retreat after Trump approval of Hong Kong bill

Asian shares were modestly lower Thursday after President Donald Trump signed a bill expressing support for human rights in Hong Kong. China reacted with indignation to the legislation, which Congress passed with overwhelming support. Beijing summoned U.S. Ambassador Terry Branstad fo...

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From Our Partners

Click here to see the official tax return before it is deleted...

Official tax return reveals how one trader nabbed annual gains of 228%, 309% and 339%. His tax return was released online, exposing this simple trading technique used to pocket nearly half a million in profits.

Chrystia Freeland, Robert Lighthizer
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Top US, Canada and Mexico officials discuss final trade deal

High level officials from the U.S., Canadian and Mexican governments met Wednesday in Washington seeking to finalize a new trade agreement. The session involved U.S. Trade Representative Robert Lighthizer, Canadian Deputy Prime Minister Chrystia Freeland and Mexican Undersecretary for...

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Companies struggle to grow profits, look ahead to 2020
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Companies struggle to grow profits, look ahead to 2020

Corporate profits continued their yearlong slide during the third quarter and analysts expect another decline this quarter before the numbers start improving. Companies have been hindered by slower global economic growth, worsened by the U.S.-China trade war, in their efforts to incre...

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Panasonic leaves semiconductor business with Taiwan sale
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Panasonic leaves semiconductor business with Taiwan sale

Japanese electronics manufacturer Panasonic Corp. is abandoning the semiconductor business with the sale of its last business in that sector to a Taiwanese company. Panasonic said Thursday it was transferring the semiconductor business operated by Panasonic Semiconductor Solutions Co....

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Judge keeps California law on utilities paying fire damages
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Judge keeps California law on utilities paying fire damages

A federal bankruptcy court judge on Wednesday rejected Pacific Gas & Electric’s latest attempt to change a California law requiring utilities to pay for the devastation from wildfires ignited by their electrical equipment. The decision issued by U.S. Bankruptcy Judge Dennis Montal...

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Wendsler Nosie, Sr.
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Apache man moving ‘home’ to protest copper mine in Arizona

Wendsler Nosie Sr. is drawn to a mountainous area in central Arizona where he and other Apaches have harvested medicinal plants, held coming-of-age ceremonies and gathered acorns for generations. On Thursday, he’ll start a three-day journey to make a permanent home in the area known a...

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Man City owners expand worldwide portfolio with Mumbai deal
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Man City owners expand worldwide portfolio with Mumbai deal

Manchester City’s Abu Dhabi ownership has expanded its portfolio of worldwide soccer clubs to eight by buying a majority stake in Indian Super League team Mumbai City FC.City Football Group says it has acquired 65% of the Indian club

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German court issues split rulings over VW diesel cheating
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German court issues split rulings over VW diesel cheating

A German appeals court has ruled in several lawsuits against automaker Volkswagen over software it used to cheat diesel emissions tests, saying consumers who bought the cars unknowingly deserve compensation but those who purchased them later don’t

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Pope taps former Bank of Italy exec to head watchdog agency
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Pope taps former Bank of Italy exec to head watchdog agency

Pope Francis has tapped a former Bank of Italy executive to take over the Vatican’s financial intelligence unit following a scandal that resulted in the Vatican being suspended from an international anti-money laundering network

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Steve Wynn
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Wynn Resorts settles with pension funds over sex allegations

Wynn Resorts agreed Wednesday to accept $41 million from former CEO Steve Wynn and insurance carriers as part of a settlement stemming from shareholder lawsuits accusing company directors of failing to disclose Wynn’s alleged sexual misconduct.

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Lawsuit filed over hepatitis A outbreak linked to berries
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Lawsuit filed over hepatitis A outbreak linked to berries

An Omaha woman who contracted hepatitis A after eating blackberries she bought at a Fresh Thyme grocery store has sued the company. The woman who filed the lawsuit Wednesday, Kerrie Tabaka, said she was hospitalized for a week for treatment of hepatitis A and continues to experience f...

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The Early Bird Stock Of The Day

Intercontinental Exchange Inc

Intercontinental Exchange, Inc. operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, metals, interest rates, equities, credit derivatives, exchange traded funds, bonds, and currencies. It also offers data services to support the trading, investment, risk management, and connectivity needs of customers across major asset classes. The company operates exchanges and marketplaces; cash equities, equity options, and bond exchanges; and over-the-counter markets for physical energy, fixed income, credit default swaps, and central counterparty clearing houses. Intercontinental Exchange, Inc. was founded in 2000 and is headquartered in Atlanta, Georgia.

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