Asian shares rise as Trump plans to meet Chinese leader. Markets Right Now: Stocks rise on US deal with Mexico. Trump signals frustration with Fed's independent policies.
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The Early Bird Newsletter

Tuesday, June 11th

S and P pricesDow pricesQQQ prices
James MacGilvray
Politics

Asian shares rise as Trump plans to meet Chinese leader

Asian shares are mostly higher as investor jitters over trade eased after U.S. President Donald Trump suspended plans to impose tariffs on Mexican imports and said he expects to meet with the Chinese leader

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Craig Esposito
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Markets Right Now: Stocks rise on US deal with Mexico

The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are closing higher Monday after President Donald Trump suspended plans to impose tariffs on goods imported from Mexico. General Motors gained 1.5% and Ford rose 0.6% after...

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Jerome Powell, Steven Mnuchin
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Trump signals frustration with Fed's independent policies

President Donald Trump complained Monday that President Xi Jinping enjoys a major advantage in the U.S.-China trade war in that he controls China's central bank while Trump must deal with a Federal Reserve that is "very destructive to us." Trump made clear in an interview with CNBC hi...

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UK labor market strong despite Brexit uncertainties
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UK labor market strong despite Brexit uncertainties

The outlook for the British economy may remain murky amid the Brexit impasse, yet the country continues to post impressive jobs growth, which is helping wages rise back to the levels they were before the global financial crisis more than a decade ago. A raft of labor market figures re...

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Venezuelans adopt recycling habits amid economic uncertainty
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Venezuelans adopt recycling habits amid economic uncertainty

In Venezuela, the financial hopes of Eliset González are riding on a niche trade. Each day, González sits at a market kiosk in Caracas and repairs broken lightbulbs for people who can't afford new ones in the crisis-torn nation. "I feel that with this I help the communi...

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Shutterfly
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Private equity firm buying Shutterfly for $1.74 billion

Private equity firm Apollo Global Management is buying online photo publishing company Shutterfly for $51 per share. Apollo will pay $1.74 billion for the 20-year-old company, which became popular offering its users prints and photobooks of their favorite shots. But demand for that ty...

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Get tough: Pot industry wants LA crackdown on rogue shops
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Get tough: Pot industry wants LA crackdown on rogue shops

The legal marijuana industry urged Los Angeles City Hall on Monday to get tougher with illegal shops that are gouging their businesses in open sight. Illegal pot shops are widespread throughout Los Angeles and typically look like the real thing. And they're thriving — they sell cheape...

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Alexis Tsipras, Karolos Papoulias
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Greek president OKs request for early election on July 7

Greece is on track for a general election July 7, three months ahead of schedule, after the country's president accepted a request Monday by left-wing Prime Minister Alexis Tsipras to dissolve parliament in the wake his heavy defeat in European parliamentary elections. During a brief ...

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Hudson's Bay executive leads bid to take retailer private
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Hudson's Bay executive leads bid to take retailer private

A group of shareholders of Saks Fifth Avenue's parent has made a cash offer to take the struggling department store chain private. The offer, announced Monday, is being led by Hudson's Bay Executive Chairman Richard Baker, Rhone Capital LLC, WeWork Property Advisors, Hanover Investmen...

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Raytheon and United Technologies to create a defense giant
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Raytheon and United Technologies to create a defense giant

Raytheon and United Technologies will join to create a massive aerospace and defense company in a sector that is already rapidly consolidating. The combined company, which will count among its portfolio of weaponry the F-35 fighter jet engines, Patriot and Tomahawk missile systems in ...

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West Virginia governor slams Bloomberg's clean energy plan
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West Virginia governor slams Bloomberg's clean energy plan

Former New York City Mayor Michael Bloomberg's $500 million effort to close the nation's coal plants isn't sitting well in West Virginia. West Virginia Gov. Jim Justice criticized the clean energy plan at a news conference Monday, saying it will destroy the economy of his coal-produci...

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United Technologies' departure another blow to Connecticut
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United Technologies' departure another blow to Connecticut

Announcing a merger that will see United Technologies Corp. move its headquarters to the Boston area from the state it has called home for nine decades, the chief executive offered assurances Monday that the new company will have a presence in Connecticut "for years to come." But the ...

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PG&E restores power to 20,000 Northern California customers
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PG&E restores power to 20,000 Northern California customers

Pacific Gas & Electric Co. restored power to more than 20,000 customers in Northern California after the company shut it off over the weekend to guard against wildfires amid a heat wave that fueled a blaze still burning in a rural area, officials said Monday. Power to all 20,500 a...

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