Upbeat earnings keep Wall Street on firm footing

(Reuters) – U.S. stocks gained ground on Thursday, with support from a clutch of upbeat corporate results and ahead of earnings from marquee companies Google-parent Alphabet and Amazon. With the third-quarter reporting season approaching its half-way mark, about three quarters of the S&P companies that have reported so far have topped profit expectation, potentially making […]
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Trump strikes blow at Iran nuclear deal in major U.S. policy shift

WASHINGTON (Reuters) – U.S. President Donald Trump struck a blow against the 2015 Iran nuclear agreement on Friday in defiance of other world powers, choosing not to certify that Tehran is complying with the deal and warning he might ultimately terminate it. Trump announced the major shift in U.S. policy in a speech in which […]
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Qualcomm files lawsuits in China to ban iPhones

(Reuters) – Qualcomm Inc (QCOM.O) confirmed an earlier report that the chipmaker had filed lawsuits in China, seeking to halt the manufacture and sale of Apple Inc’s (AAPL.O) iPhones in the country. A man looks at Apple’s new iPhone 8 (L) and his iPhone 7 at the Apple Store in Tokyo’s Omotesando shopping district, Japan, […]
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U.S. states plan suit to block Trump Obamacare subsidies cut

WASHINGTON/SAN FRANCISCO (Reuters) – Eighteen U.S. states sued President Donald Trump’s administration on Friday to stop him from scrapping a key component of Obamacare, subsidies to insurers that help millions of low-income people pay medical expenses, even as Trump invited Democratic leaders to negotiate a deal. One day after his administration announced plans to end […]
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