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December 6, 2018
Reuters News Now
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Politics
Former U.S. President George H.W. Bush will be mourned todayat the Houston church where he worshipped for many years, a final public farewell before his remains are taken by train to their resting place at his Texas presidential library. President Donald Trump joined the group of living ex-U.S. presidents on Wednesday to commemorate the life of former the president , but in a service characterized by emotion and good feeling, warmth between the current and former occupants of the White House was decidedly absent.
Facebook’s losses are becoming other companies’ gains.Concerns about the social media giant’s declining profit margins and battered reputation have prompted 93 U.S. mutual funds to completely sell out of their positions in the company so far this year, exacerbating a roughly 35 percent decline in Facebook’s share price from its highs, according to Refinitiv’s Lipper research service.
JPMorgan Chase's trading desk was not buying what U.S. President Donald Trump was selling this week. On Tuesday, major stock indexes plummeted more than 3 percent on renewed fears of a trade war with China — just days after Trump tweeted, following a steak dinner with Chinese President Xi Jinping, that “Relations with China have taken a BIG leap forward!”
Part of the U.S. Treasury yield curve “inverted” this week, setting off debate over whether it is delivering a classic signal of oncoming recession or it has just developed a short-term kink that can be explained away by technical reasons.