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Senators aim to claw back trade power from Trump

“You’re the top! You’re an Arrow collar. You’re the top! You’re a Coolidge dollar. You’re the nimble tread of the feet of Fred Astaire, You’re Mussolini, You’re Mrs. Sweeny, You’re Camember.” A version of “You’re the Top,” Cole Porter (1934) In the early 1930s, when Benito Mussolini was one of the world’s most admired political figures, Franklin Roosevelt proclaimed in ...

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Crypto’s terrible year performs ‘well’

It was one year ago that Bitcoin reached an intraday peak of almost $20,000. Since then, it’s been all downhill. The market value of all cryptocurrency assets have fallen to about $100 billion from about $800 billion at the start of the year. That looks bad, but if you look at the market’s fundamentals, 2018 gets a B+ grade. To ...

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When tech dreams run into finance, Ofo ensues

When you’re trying to build that tech dream, reality can really suck. Ofo Inc. founder Dai Wei apparently just discovered this, and the results were displeasing. His bike-rental company has immense cash flow problems and he’d even considered applying for bankruptcy, the Financial Times reported, citing a letter to employees. “For the whole of this year we’ve borne immense cash ...

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