Ex-Twitter employee accused of spying for Saudi Arabia granted bond

SEATTLE (Reuters) – A U.S. judge on Friday said a former Twitter (TWTR.N) employee could be released on bond, with travel restrictions, while he awaits trial on U.S. charges of spying for Saudi Arabia. Seattle Magistrate Judge Paula McCandlis said her decision to grant Ahmad Abouammo, 41, bond would go into effect at 4:30 p.m. (7:30 p.m. ET), unless federal […]

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The Permian paradox: Texas shale players go green to drill more

HOUSTON/BENGALURU (Reuters) – As the thirst for electricity to power drilling rigs in West Texas drives the state’s energy needs to new highs, oil and gas companies are increasingly relying on wind and solar power to ensure that the shale boom continues. Oil and gas firms operating in the Permian shale basin in West Texas, the nation’s biggest, have been […]

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Former Attorney General Sessions enters U.S. Senate race in Alabama

WASHINGTON (Reuters) – Jeff Sessions, ousted as attorney general by President Donald Trump last year, said on Thursday he was seeking the 2020 Republican nomination for a U.S. Senate seat from Alabama, the position he resigned to join the Trump administration. “We’ll file our papers tomorrow,” Sessions said in an interview on Fox News after announcing his candidacy in a […]

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How the SEC is making life easier for corporate America

WASHINGTON (Reuters) – Under the Trump administration, the Securities and Exchange Commission (SEC) has taken more than two dozen measures – including trimming rules – that make life easier for corporate America, according to a Reuters analysis of SEC announcements and interviews with more than a dozen lawyers, academics and advocacy groups. Here are highlights of some of the changes […]

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How a glitch allowed one trader to turn $3,000 into $1.7 million

Reddit’s Wall Street Bets group learned a valuable lesson in responsible investing this week and, after years of encouraging and celebrating extreme risk-taking, the irreverent crew has finally embraced a more conservative approach. Just kidding. YOLO! Yes, a glitch in stock-trading app Robinhood blew up on Wall Street Bets earlier this week, with traders boasting about the unlimited amounts of […]

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Democrat Sanders vows to halt immigration raids, deportations if elected president

WASHINGTON (Reuters) – U.S. Democratic presidential contender Bernie Sanders said on Thursday he would put a moratorium on deportations from the United States and end raids by Immigration and Customs Enforcement (ICE) on his first day in office. Sanders said in a statement he would overturn Republican President Donald Trump’s border policies if elected and create a “humane, lawful process […]

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Facing shorter holiday season, U.S. retailers rev up faster delivery, early deals

(Reuters) – U.S. retailers are rushing in with faster-than-ever delivery deals and earlier Christmas promotions in hopes of easing the impact of this year’s shorter holiday selling season, a period that can be make-or-break for retailers. Thanksgiving, the traditional kick-off of the U.S. holiday shopping period, falls on Nov. 28 this year, a week later than last year’s Nov. 22, […]

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