Key moments in Draghi's eventful ECB tenure

Key moments in Draghi's eventful ECB tenureMario Draghi hands over the keys of the European Central Bank to Christine Lagarde on October 31, leaving the former IMF chief a eurozone economy struggling to stay in gear. Countries with fiscal resources stretched to the limit by the financial crisis, like Italy and Greece, were struggling to find buyers for their debt. "Within our mandate, the ECB is ready to do whatever it takes to preserve the euro.


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Departing Draghi looks to bind wounds at ECB

Departing Draghi looks to bind wounds at ECBAt his final press conference Thursday, departing European Central Bank president Mario Draghi will downplay differences among policymakers over September's big-bang stimulus package, hoping to limit their impact on the institution's effectiveness, analysts predict. While he is widely credited with saving the euro, critics inside and outside the ECB have since last month launched a rarely seen barrage of criticism against the Italian economist. "The only disturbing factor of Draghi's farewell party is the ongoing 'war of the roses'," ING economist Carsten Brzeski said, predicting "therapeutical moments" around the governing council table.


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Blackouts return: PG&E begins to cut off power to 450,000 Californians to avoid igniting wildfires

Blackouts return: PG&E begins to cut off power to 450,000 Californians to avoid igniting wildfiresIn its second round of power outages, California utility PG&E; will shut off electricity to nearly 180,000 customers, affecting about 450,000 people.


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Trump Accused Of Showing Middle Finger To Astronaut Who Corrected Him – NDTV News

Trump Accused Of Showing Middle Finger To Astronaut Who Corrected Him  NDTV NewsView full coverage on Google News

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Pompeo Gets Drawn Deeper—Way Deeper—Into the Ukraine Scandal – The Daily Beast

Pompeo Gets Drawn Deeper—Way Deeper—Into the Ukraine Scandal  The Daily BeastView full coverage on Google News

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Here's what the Trump impeachment inquiry has turned up and how Republicans are opposing it

Here's what the Trump impeachment inquiry has turned up and how Republicans are opposing itDemocrats say Donald Trump abused his power as president, but Republicans are protesting how the impeachment inquiry is being conducted.


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2 people were killed after a vehicle fell from a downtown parking garage in Indianapolis

2 people were killed after a vehicle fell from a downtown parking garage in IndianapolisTwo people were killed when a vehicle crashed through a concrete wall and fell from Market Square Center Garage in downtown Indianapolis.


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UK's Javid sees BoE governor appointment this autumn: ITV

UK's Javid sees BoE governor appointment this autumn: ITVThe appointment process for the next governor of the Bank of England is on track and an appointment will be made this autumn, finance minister Sajid Javid said on Wednesday. "The appointment will be made this autumn," he said.


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Explainer: Chile’s inequality challenge: What went wrong and can it be fixed? – Reuters

  1. Explainer: Chile's inequality challenge: What went wrong and can it be fixed?  Reuters
  2. Child, 4, is among two people killed when 'crazed drink driver' mows through protesters in Chile  Daily Mail
  3. Chile's response to Pinera's reforms: A strike and more protests  Reuters
  4. Chile’s Protests Aren’t Like Other Latin American Protests  Bloomberg
  5. Chile sees first major organized labor strikes since president pledged social reforms  Reuters
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What Is Yin He Holdings's (HKG:8260) P/E Ratio After Its Share Price Rocketed?

What Is Yin He Holdings's (HKG:8260) P/E Ratio After Its Share Price Rocketed?Yin He Holdings (HKG:8260) shareholders are no doubt pleased to see that the share price has bounced 47% in the last...


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Have Insiders Been Selling Donaco International Limited (ASX:DNA) Shares?

Have Insiders Been Selling Donaco International Limited (ASX:DNA) Shares?It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...


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Florida Senate votes to remove Broward County Sheriff Scott Israel from office – CNN

  1. Florida Senate votes to remove Broward County Sheriff Scott Israel from office  CNN
  2. Brother of slain Parkland student calls out Dem senators who voted to reinstate sheriff: 'I'm disgusted'  Fox News
  3. Scott Israel's Suspension As Sheriff Of Broward County Upheld By State Senate  NPR
  4. Broward sheriff’s removal is more political act than justice for Parkland parents | Opinion  Miami Herald
  5. Florida Senate poised to boot Israel — Giuliani-linked duo set off pot industry alarm bells — Feds assign blame in deadly bridge disaster — Democrat donkey poop water?  Politico
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Drew Brees on possible return vs. Cardinals, raiding Nerf balls for rehab: ‘It’s been difficult’ – NOLA.com

  1. Drew Brees on possible return vs. Cardinals, raiding Nerf balls for rehab: 'It's been difficult'  NOLA.com
  2. Arizona Cardinals vs New Orleans Saints Week 8 NFL Game Preview  NFL
  3. Drew Brees injury update: Saints QB (thumb) 'plans' to play vs. Cardinals  msnNOW
  4. 4 Saints trade ideas, roster moves to consider before NFL deadline  Saints Wire
  5. Kliff Kingsbury reflects on his time in New Orleans, shares Katrina evacuation story  NOLA.com
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FDA wants stronger warning on breast implants about risks

FDA wants stronger warning on breast implants about risksU.S. health officials want women getting breast implants to receive stronger warnings and more details about the possible risks and complications. The Food and Drug Administration said Wednesday that manufacturers should add a warning highlighted by a box — the most serious type — to the information given to women considering implants. "We have heard from many women that they are not fully informed of the risks when considering breast implants," the agency said in a statement detailing the recommendations.


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Tesla Surges as Musk’s Cost Cuts Deliver a Surprise Profit

Tesla Surges as Musk’s Cost Cuts Deliver a Surprise Profit(Bloomberg) -- Tesla Inc. surged in late trading after the electric-car maker reined in expenses and posted its first profit in almost a year.The Model 3 sedan maker earned $1.86 a share in the third quarter, beating analysts’ average estimate for a 24-cent loss. Chief Executive Officer Elon Musk has announced at least three rounds of job cuts since last year and restructured business units to counter slowing sales of higher-margin models.“Operating expenses are at the lowest level since Model 3 production started,” Tesla said in a statement. “As a result, we returned to GAAP profitability in Q3 while generating positive free cash flow. This was possible by removing substantial cost from our business.”Tesla shares climbed as much as 20% to $306 in late trading. The stock was down 23% this year through Wednesday’s close. The company’s 5.3% bonds rose 2 cents on the dollar to 93.75 cents, according to Trace, the highest level since March 2018.Musk, who’s notorious for setting ambitious timelines and falling behind schedule, said Tesla is proceeding faster than expected with the start of Model 3 production at the factory it began building early this year on the outskirts of Shanghai. Trial output is underway.The company is also ahead of schedule with Model Y, the small crossover that will share underpinnings with Model 3. Production will start in the summer of next year, rather than the fall, according to the company. Revenue fell to $6.3 billion in the third quarter, missing analysts’ estimates and down from $6.8 billion a year ago. The drop is the first year-over-year decline for the company since 2012, when the Model S sedan was just going into production.Earnings improved in part thanks to the company recognizing deferred revenue based on Musk making a controversial addition to its suite of drive-assistance features known as Autopilot. Smart Summon, which allows Tesla owners to tap their smartphone and remotely call for their car to pick them up, was rolled out to customers through an over-the-air software update days before the end of the quarter.Musk has been charging customers for performance features that Tesla vehicles aren’t actually capable of yet. At the end of June, the company said it expected to recognize $567 million of deferred revenue in the following 12 months. It’s now anticipating the release of almost $500 million tied to the rollout of Autopilot and “Full Self Driving” features, according to the statement, which doesn’t give a time frame.Tesla’s gross margin in the third quarter was 22.8%, down from a year ago but a 3.9 percentage point improvement from the prior three months.“The stock is popping because of gross margin, which is impacted by the Full Self Driving features,” said Ross Gerber, president of fund manager Gerber Kawasaki, which holds Tesla shares. “By releasing Smart Summon on the last weekend of the quarter, Musk was able to realize some of that deferred revenue.”(Updates with deferred revenue in sixth paragraph)\--With assistance from Molly Smith.To contact the reporter on this story: Dana Hull in San Francisco at dhull12@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, Melinda GrenierFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


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Cloud computing gains drive up profit for Microsoft

Cloud computing gains drive up profit for MicrosoftMicrosoft reported Wednesday that quarterly profits rose on the back of its thriving cloud computing business which has become a core focus for the US technology giant. "The world's leading companies are choosing our cloud to build their digital capability," said Microsoft chief executive Satya Nadella. Revenue from cloud services sold to businesses was up more than a third in the quarter to $11.6 billion, according to chief financial officer Amy Hood.


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Tesla's stock soars after company posts surprising 3Q profit

Tesla's stock soars after company posts surprising 3Q profitTesla posted a surprising profit of $143 million in its latest quarter, raising hopes the electric car pioneer may finally be turning the corner after posting mostly losses during its first decade as a publicly held company. The positive results announced Wednesday came after Tesla lost $1.1 billion during the first half of the year. Doubts about Tesla forced its stock to fall by 23% so far this year, while the bellwether Standard & Poor's 500 index has climbed 20% so far.


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Neighborly: A Way for Investors to Fund Community Broadband

Neighborly: A Way for Investors to Fund Community BroadbandNeighborly is an investment company that allows investors to invest in communities seeking funding for internet infrastructure. More specifically, it focuses on bringing fiber broadband access to disadvantaged communities in the U.S. by way of direct investments in its qualified opportunity … Continue reading ->The post Neighborly: A Way for Investors to Fund Community Broadband appeared first on SmartAsset Blog.


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Everything You Need to Know About the Louvre’s Must-See Leonardo da Vinci Retrospective

Everything You Need to Know About the Louvre’s Must-See Leonardo da Vinci RetrospectiveThe gargantuan exhibition opens October 24. Best get yourself to Paris.


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