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New York City sues Big Pharma over the opioid epidemic

The first New York Grammy Week in 15 years kicked off with a bang, as Mayor Bill de Blasio and Recording Academy chief Neil Portnow presided over a ribbon-cutting ceremony for the organization's new local headquarters, a stunning $13.5 million, 1860 townhouse across East 37th Street from the J.P.

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Drunk Driver Tells Police His Tesla Was On Autopilot

The Culver City Fire Department reported the accident on Twitter earlier today and used the hashtag "distracteddriving". The reason for the investigation appears to be interest in the possible use of the "Autopilot" feature on the vehicle.

Business

Amazon to debut store without checkout in downtown Seattle

The store's opening took place after a year-long delay, CNBC notes , so it might take a little while before you see this at your local grocery store. After grabbing their items, customers are free to leave the store, as the app handles the payment transaction once they leave the store. In some ways Amazon Go is better suited to the United Kingdom consumer than the U.S., as we have been brainwashed by supermarkets to do their work for them.

Business

International Monetary Fund raises outlook for Canadian economy, upgrades global economic projections

The 2019 growth projection for Japan moved to 0.9 from 0.8 percent. A stronger US economy will also boost the economies of America's trading partners, especially Mexico and Canada. On the downside, rich asset valuations and very compressed term premiums raise the possibility of a financial market correction, which could dampen growth and confidence.

Business

US Oil Production Passes Saudi Arabia, Nearing Russia

We're just looking for a short-term price adjustment. Here's our take on the situation and why we believe that this could be the actual turnaround for the oil and gas markets. The German benchmark index is slightly off intraday highs and even the FTSE 100 managed to recover early losses and is up after a largely positive session in Asia, where the Hang Seng managed a late rally and closed with a gain of 0.41%.

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Battling Bournemouth hold West Ham to 1-1 draw

We'll get it scanned tomorrow. Bournemouth manager Eddie Howe has admitted that the timing of West Ham's equalizer frustrated him following the Cherries 1-1 draw with the Hammers at the London Stadium on Saturday. That Fraser goal came in the 71st minute after West Ham developed product Junior Stanislas produced problems for his first club once again off the bench, as he provided the quality assist for the talented, young Scot to finish superbly past Adrian.

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Rory McIlroy happy with opening 69 on his competitive comeback

With a nine-under 135 total, McIlroy is just three from the halfway lead in the Middle East, with the rising standard of his play endorsing the theory of him being the man to beat. But when it's the first day back in the year, it's easier to stay patient. "It was nice to hole one on the last after two bad shots". I always struggle to read these greens, I feel like I'm hitting good putts and they are just sliding by the edges.

Business

HSBC to pay over $100M to settle currency rigging probe

District Court in Brooklyn said two HSBC bankers on. According to HSBC's admissions, traders on its foreign exchange desk misused confidential information given to them by clients on two separate occasions in 2010 and 2011. HSBC traders then caused the large transactions to be executed in a manner created to drive the price of the Pound Sterling in a direction that benefited HSBC, and harmed their clients.

Business

Early voting coming to NY?

Governor Andrew Cuomo unveiled his 2018 state budget proposal in Albany, with much of the focus on Washington lawmakers. Cuomo noted that NY already sends $48 billion more every year to the federal government than the state gets back.

Business

Goldman Sachs posts first quarterly loss in six years

Goldman Sachs is America's largest investment bank and has produced some of the most prominent figures in the financial world, including Mark Carney, present governor of the Bank of England, and the US Treasury secretaries Robert Rubin, Henry Paulson and Steve Mnuchin.

Business

Percentage Price Oscillator Histogram Above Zero for Merck & Company (MRK)

AT&T Inc. (NYSE:T) has declined 0.52% since January 17, 2017 and is downtrending. It has underperformed by 34.62% the S&P500. For this year, Merck & Co., Inc. Gargoyle Investment Advisor Llc, which manages about $353.70M and $272.32 million US Long portfolio, upped its stake in Molson Coors Brewing Co (NYSE:TAP) by 13,460 shares to 36,960 shares, valued at $3.02 million in 2017Q3, according to the filing.

Business

China pork output edges up in 2017 from year before

China aims to grow its economy by about 6.5% in 2018 as the country seeks to balance efforts to reduce debt risks while keeping its economy stable, according to a report by Reuters. U.S. President Donald Trump's administration is considering several unilateral tariff actions on steel, aluminum and China's intellectual property practices likely to draw disputes from WTO members.

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Sturgeon: Retaining single market membership is the "least worst" Brexit option

Sturgeon called on the government to "stop being driven by the obsessions of the hard Brexit wing of the Conservative Party". Ms Sturgeon stressed that she believes Scotland must remain in the single market and customs union after Brexit.

Business

East Africa anticipates benefits from Kenya - US direct flights

With the commencement of this route, Kenya Airways will become the first and only airline to provide nonstop service from East Africa to the U.S. The route will also be the 6th nonstop route from New York's JFK Airport to the African continent.

Business

The 3-decade bond bull market is in danger

China is the world's biggest foreign holder of U.S. Treasuries, and its purchases are one factor that have kept the bond market supported and yields low over the last decade. The driving forces include global economic growth, the U.S. Federal Reserve raising its benchmark rate and other central banks reducing quantitative easing policies of buying sovereign debt to repress rates.

Business

China shuts website over Tibet mistake

Shanghai cyberspace administration Friday ordered two transnational enterprises Zara and Medtronic to remove all illegal content from their websites. But Marriott's inclusion of Tibet - a Chinese provincial-level autonomous region - was the straw that broke the camel's back for Zhongjusaodi and others.

Business

Giant Winter Storm Could Create Icy Havoc on the East Coast

The bomb cyclone , which developed overnight, occurs when a low-pressure system has a significant, rapid drop in atmospheric pressure. Weather experts predict it will become a "bomb cyclone" because the system's pressure is expected to fall very rapidly and create one of the most intense winter storms the USA has seen in decades.

Business

Ripple XRP and Payments Giant MoneyGram Partner For Cross-Border Remittances

As part of the agreement, MoneyGram will pilot XRP in their payment flows and also explore integration into Ripple's ecosystem through xVia. They cited the low cost and speed of XRP transactions. Alex Holmes, Chief Executive Officer of MoneyGram , said, "Every day blockchain technology is changing the norm and encouraging innovation". Ripple's partnership with MoneyGram comes at a time when rumors of a cryptocurrency ban in South Korea have left the crypto market rattled.

Business

Of course Uber allegedly had a tool to remotely destroy evidence

SAN FRANCISCO - Uber confirmed Thursday that it once used technology to shield data from law enforcement during unexpected raids of its offices outside the US, another example of the company using questionable tactics in its pursuit of market share.

Business

First Florida snow in 29 years as major storm hits US

Up to an inch (2.5 centimeters) of snow could fall in Tallahassee , Florida , while 3 to 5 inches (8 to 13 centimeters) are possible in parts of North Carolina. The Weather Channel predicted up to five and a half inches for Savannah, with three to six inches for South Carolina. Wow. Forecasters predict one to four inches of snow are in Georgia, while parts of eastern North Carolina and southeast Virginia may see locally higher amounts that top 6 inches.

Business

Packers to hire Mike Pettine as defensive coordinator

The Packers' successor to defensive coordinator Dom Capers will be Pettine, a former Cleveland Browns head coach. Pettine would succeed Dom Capers , who was sacked last week after a disappointing 7-9 season. The Packers finished this season 7-9 and ranked 22nd in total defense. They had also had their eyes on Vic Fangio and Gus Bradley , but they didn't wait to interview them before deciding on Pettine for the job.

Business

Forecast predicts two years of record U.S. oil production

Brent crude futures were at $67.77 a barrel, up 15c or 0.2% from their last close. U.S. West Texas Intermediate (WTI) crude futures ended Friday's session down 57 cents, or almost 1%, at $61.44 a barrel, falling from the $62.21 high reached the previous day, and last seen in May 2015.

Business

Ex-Google engineer fired over gender memo sues for discrimination

The lawsuit , which was filed on Monday and seeks class action status, also claims that Google uses "illegal hiring quotas" to employ a certain percentage of women and minorities. The lawsuit, seeking monetary and punitive damages, was filed by Dhillon Law Group , which is owned by Republican attorney Harmeet Dhillon . This newspaper reached out to Google and this post will be updated.

Business

Trump border plan could prompt gov't shutdown, Democrat Durbin warns

Pro-immigration activists have pushed Democrats to use the threat of a government shutdown at the January 19 funding deadline in order to pass a "clean" DACA bill, with no concessions to Trump's demands. The funds, according to documents circulating in Congress, would pay for 723 miles of barrier - 316 miles of new construction, and 407 miles of upgrades in areas that are already fenced.

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Passport systems back online after brief outage disrupts U.S. airports

Global travelers at multiple airports took to social media Monday evening express their displeasure after they faced delays and long lines during processing. During the outage, CBP said it had access to security-related databases, so travelers were still screened according to security standards. Delays were caused because the CBP-controlled passport-processing systems were down.