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Oil retreats after industry data shows US stockpiles expanding

  Bloomberg Oil fell from the biggest gain in three months after U.S. industry data showed the nation’s crude stockpiles increased, adding to concerns about oversupply. Futures lost as much as 1.5 percent in New York. Inventories rose 2.2 million barrels last week, the American Petroleum Institute was said to report. Government data Wednesday is forecast to show a decline. ...

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Corn rises as US demand gets a boost from Brazil’s woes

  Bloomberg Corn futures jumped after the latest U.S. government forecast for domestic inventories was less than expected, indicating that lower production in Brazil is boosting demand on the international grain market for American exports. U.S. stockpiles will be 2.081 billion bushels as of Aug. 31, 2017, the end of the marketing year, U.S. Department of Agriculture data showed Tuesday. ...

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Hyperloop’s co-founder sues firm, claims mismanagement of funds

  Bloomberg Hyperloop Technologies Inc., a startup trying to develop Elon Musk’s idea to use levitation for high-speed transportation, was sued by a co-founder over claims that the company’s financiers are killing it through their own greed. Shervin Pishevar, the Silicon Valley venture capitalist who helped form Hyperloop in 2014, was accused in the lawsuit by fellow co-founder Brogan BamBrogan ...

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