Asian shares mixed as investors look ahead to rate decisions. Saudi Aramco CEO signals local listing coming 'very soon'. Alibaba's Ma steps down as industry faces uncertainty.
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The Early Bird Newsletter

Tuesday, September 10th

S and P pricesDow pricesQQQ prices
Michael Milano
Politics

Asian shares mixed as investors look ahead to rate decisions

Asian shares were mixed Tuesday after a day of listless trading on Wall Street, as investors awaited signs on global interest rates. Japan's benchmark Nikkei 225 added nearly 0.3% in afternoon trading to 21,379.45. Australia's S&P/ASX 200 fell 0.7% to 6,599.60, while South Korea's...

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Amin Nasser
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Saudi Aramco CEO signals local listing coming 'very soon'

The chief executive of Saudi Aramco, the state-owned oil firm that is seen as the kingdom's crown jewel, said Tuesday that the company is ready for a local listing on the kingdom's stock exchange and that it will happen "very soon." Amin Nasser declined to say how much of the state-ow...

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Jack Ma
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Alibaba's Ma steps down as industry faces uncertainty

Alibaba Group founder Jack Ma, who helped launch China's online retailing boom, stepped down as chairman of the world's biggest e-commerce company Tuesday at a time when its fast-changing industry faces uncertainty amid a U.S.-Chinese tariff war. Ma, one of China's wealthiest and best...

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States led by Texas target Google in new antitrust probe
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States led by Texas target Google in new antitrust probe

Fifty U.S. states and territories, led by Texas, announced an investigation into Google's "potential monopolistic behavior." The Monday announcement closely followed one from a separate group of states Friday that disclosed an investigation into Facebook's market dominance. The two pr...

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India, Nepal open cross border oil pipeline
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India, Nepal open cross border oil pipeline

The leaders of India and Nepal have inaugurated South Asia's first cross country oil pipeline, allowing the Himalayan nation of Nepal to receive an uninterrupted supply of oil from its large southern neighbor

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Dour Peterson
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Big Tech faces a new set of foes: nearly all 50 US states

Big tech companies have long rebuffed attempts by the U.S. federal government to scrutinize or scale back their market power, but they have a scrappy new coalition to contend with: nearly all of the 50 states

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The Latest: UK govt formally suspends Parliament for 5 weeks
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The Latest: UK govt formally suspends Parliament for 5 weeks

The latest on Brexit (all times local): 1:50 a.m. The British government has formally suspended Parliament, sending lawmakers home for five weeks amid a Brexit crisis. The legislature was officially prorogued, or suspended, with a formal ceremony in the H...

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Oil drilling plan near Utah monument draws tribal opposition
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Oil drilling plan near Utah monument draws tribal opposition

The U.S. government will allow oil and gas companies to make lease bids Monday on lands considered archaeologically sensitive near a national monument stretching across the Utah-Colorado border that houses sacred tribal sites. Included in the Bureau of Land Management's September oil ...

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US consumer borrowing posts biggest gain since late 2017
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US consumer borrowing posts biggest gain since late 2017

Consumer borrowing surged in July at its fastest pace since late 2017, driven by a big jump credit card use. Consumer borrowing increased by $23.3 billion in July after a $13.8 billion advance in June, the Federal Reserve reported Monday. It was the biggest monthly gain since a $29.9 ...

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PG&E plan offers billions to victims, others after wildfires
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PG&E plan offers billions to victims, others after wildfires

PG&E Corp. proposed Monday to resolve its bankruptcy case by offering nearly $18 billion to settle claims from devastating wildfires started by its equipment in recent years — an amount immediately criticized by victims who said less than half of that is intended for them. The pre...

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Court rules startup may collect data from LinkedIn profiles
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Court rules startup may collect data from LinkedIn profiles

A federal appeals court has affirmed the right of a startup company to collect information from people's public profiles on networking service LinkedIn. The U.S. Court of Appeals for the Ninth Circuit in San Francisco upheld a previous ruling Monday siding with hiQ Labs, a San Francis...

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Broken Columbia River barge lock means commerce chokehold
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Broken Columbia River barge lock means commerce chokehold

A critical ship lock on the Bonneville Dam in the Columbia River is shut down for repairs, meaning barges that transport millions of tons of wheat, wood and other goods from the inland Pacific Northwest to Pacific Ocean export terminals can't move

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Ken Paxton
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Antitrust regulators pounce on Big Tech as probes widen

The crackdown on Big Tech is intensifying as flanks of the government across the U.S. try to rein in the industry's immense power. Nearly every state — California and Alabama being the notable exceptions — joined in a bipartisan investigation of Google, just days after a smaller group...

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The Early Bird Stock Of The Day

Royal Caribbean Cruises Ltd

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights. The Celebrity Cruises brand offers itineraries to destinations, such as Alaska, Asia, Australia, Bermuda, Canada, the Caribbean, Europe, the Galapagos Islands, Hawaii, India, New Zealand, the Panama Canal, and South America with cruise lengths ranging from 2 to 19 nights. The Azamara Club Cruises brand offers cruise itineraries ranging from 4 to 21 nights to destinations, including Asia, Australia/New Zealand, Northern and Western Europe, the Mediterranean, Cuba, and South America. The Silversea Cruises brand provides itineraries to destinations, including the Galapagos Islands, Antarctica, and the Arctic. As of December 31, 2018, the company operated 60 ships providing services to approximately 1,000 destinations in 126 countries. Royal Caribbean Cruises Ltd. was founded in 1968 and is headquartered in Miami, Florida.

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