OPEC May Extend, Deepen Cuts to Oil Output

An OPEC panel reviewing scenarios for next week’s policy-setting meeting is looking at the option of deepening and extending an OPEC-led deal to reduce oil output, OPEC sources said Friday. OPEC’s national representatives — officials representing the 13 member countries, plus officials from OPEC’s Vienna secretariat — met Wednesday and …

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Trump Administration Begins NAFTA Renegotiation Process

U.S. President Donald Trump’s administration says it has notified Congress it intends to renegotiate the North American Free Trade Agreement with Canada and Mexico. In a letter sent Thursday to congressional leaders, U.S. Trade Representative Robert Lighthizer said the administration plans 90 days of consultations with lawmakers over how to …

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Kochs Unveil Campaign to ‘Jolt’ Stalled Tax debate

The Koch Brothers’ political network is preparing to spend millions of dollars to ensure their vision for tax reform isn’t lost in the increasing chaos consuming President Donald Trump’s administration. The network’s leading organizations, Americans for Prosperity and Freedom Partners, on Thursday released a set of general preferences for major …

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Wal-Mart’s Online Sales Surge, Tops 1Q Expectations

Wal-Mart delivered first-quarter earnings that show how it’s winning over shoppers at stores and online, even in an increasingly competitive retail landscape.   The world’s largest retailer beat Wall Street estimates and delivered another solid gain in comparable-store sales. Customer traffic at Wal-Mart also rose while other major retailers like …

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Greek Seamen Extend Strike; No Ferries for 4 Days

Greek seamen and journalists walked off the job Tuesday, a day before a nationwide general strike to protest new austerity measures the government is legislating for in return for more bailout funds. The seamen’s union announced Tuesday afternoon they would extend their strike, originally planned to last 48 hours, for …

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US-China Trade Deal Brings Mixed Reaction

The new U.S.-China trade deal, which includes 10 initial agreements on agricultural trade, financial services, investment and energy, is drawing mixed reviews. The agreement is being panned by some as a poor deal for the United States that does not address fundamental issues concerning the Chinese market. But others say …

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Reports Show Rise in US Inflation, Retail Sales

U.S. consumers bought more cars and hardware, and stepped up online purchases in April, after two months of sluggish sales. Friday’s report from the Commerce Department says retail sales rose four-tenths of a percentage point in April, and sales were a bit better than first reported the previous month. The …

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