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Iraqi Militiamen Storm U.S. Embassy Complex Over Raid

(Bloomberg) — Dozens of Iraqi militiamen and their supporters stormed the U.S. Embassy complex in Baghdad on Tuesday to vent their rage over deadly U.S. airstrikes against their Iranian-backed force.Guards lobbed tear gas and opened fire to quell the unrest, which was quickly contained, though dozens of protesters remained encamped in tents outside the compound. The U.S. ambassador and the diplomatic corps were evacuated two days ago, according to a person familiar with the matter, who spoke on condition of anonymity because he wasn’t authorized to speak publicly. The actual embassy building was not attacked, he said.President Donald Trump swiftly …read more […]

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Analysts: These 3 FAANG Stocks Could Outperform in 2020

The faangtastic five — Facebook, Amazon, Apple, Netflix and Google — are more than some of the world’s most successful tech and internet services companies. All have a presence in users’ daily lives that goes beyond a mere product-consumer relationship.There is an argument to be made that these companies represent global powers almost matching those of sovereign states, and in some cases are likely to inspire more devotion than citizens might feel towards their respective nations. Not to mention, the impact some of these companies have had in shaping lives beyond the original purpose of their product, has raised questions …read more […]

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India's current account improves as trade deficit shrinks

India’s current account deficit narrowed in the September quarter of the fiscal year as the trade deficit shrank, central bank data showed on Tuesday, but the momentum may not be sustainable. “The contraction … was primarily on account of a lower trade deficit at $38.1 billion as compared with $50.0 billion a year ago,” the Reserve Bank of India said in the release. The trade deficit stood at $12.12 billion in November compared with $16.67 billion a year earlier, trade ministry data showed earlier this month. …read more […]

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Futures dip as year-end rally cools off

White House trade adviser Peter Navarro said on Monday the Phase 1 Sino-U.S. trade deal was likely to be signed in the next week, hours after South China Morning Post reported that Chinese Vice Premier Liu He would travel to Washington this week. S&P 500 e-minis were down 2.5 points, or 0.08% and Nasdaq 100 e-minis were down 10.75 points, or 0.12%. Despite Monday’s dip, the S&P 500 is still on track for its best year since 2013 and its best December in nine years, also driven by a loose monetary policy by the Federal Reserve …read more […]