Finance

U.S. Imposes First New North Korea Sanctions Since Trump’s Failed Summit

WASHINGTON, March 21 (Reuters) – The United States imposed sanctions on Thursday on two Chinese shipping companies it says helped North Korea evade sanctions over its nuclear weapons program, the first such steps since a U.S.-North Korean summit collapsed last month. The U.S. Treasury Department also issued an updated advisory that listed 67 vessels that […]

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With Funeral Home Rules Due for an Update, There’s a Push for Online Prices

The typical cost of a traditional funeral, including viewing of the body and burial, was about $7,400 in 2017, according to the National Funeral Directors Association, a trade group. A funeral with cremation, which is increasingly popular, was about $6,300. But costs vary widely, even within the same market. Scott Gilligan, general counsel with the

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Amazon’s profit more than doubles on cloud computing growth

Amazon’s push into advertising and cloud computing is paying off, helping the online shopping giant’s first quarter profit more than double from a year ago. The company has boosted its profits by expanding into businesses beyond selling goods online. Its cloud computing business, which powers the video-streaming site Netflix, digital scrapbooking site Pinterest and many

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Trump To Nominate Former Campaign Adviser Stephen Moore For Fed

WASHINGTON, March 22 (Reuters) – U.S. President Donald Trump said on Friday he has picked Stephen Moore, an economic commentator affiliated with a conservative think tank, for a seat on the Federal Reserve’s Board of Governors. “I will be nominating Mr. Moore to the Fed,” Trump told reporters as he arrived in Florida for a weekend trip. “He’ll be

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Uber, Losing $1.8 Billion a Year, Reveals I.P.O. Filing

SAN FRANCISCO — Uber, the ride-hailing service that has upended transportation around the world, took a major step toward the largest initial public offering in years when it officially unveiled its finances in a prospectus on Thursday. The offering, which could value Uber at around $100 billion, is expected to reverberate through global financial markets

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