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WHY IT MATTERS: Energy

AmEx raises 2016 profit forecast; shares up 5.8 percent

American Express Co raised its 2016 adjusted earnings forecast and reported better-than-expected third-quarter revenue on Wednesday, sending its shares up 5.8 percent in extended trading. The credit card issuer, which has historically catered to upscale consumers, said it plans to increase spending on digital marketing, a strategy that helped it add 1.7 million new card members in the United States this quarter and expand globally. Analysts on …

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AmEx raises 2016 profit forecast; shares up 5.8 percent

Fed moves to quell charges of opacity, lack of diversity

The Federal Reserve has rolled out a series of announcements, online forums and meetings with Americans this year in response to outspoken civic groups and many Democrats, including Hillary Clinton, calling for …

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Fed moves to quell charges of opacity, lack of diversity

Tesla says self-driving hardware to be built into all its cars

By Alexandria Sage SAN FRANCISCO (Reuters) – Chief Executive Elon Musk said on Wednesday all new Tesla Motors Inc models will come with hardware to enable them to be fully self-driving, as the Silicon Valley electric car company bids to be the first among many rivals to…

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Tesla says self-driving hardware to be built into all its cars

Yahoo, ACLU press U.S. to disclose secret surveillance orders

By Joseph Menn SAN FRANCISCO (Reuters) – Yahoo Inc on Wednesday asked U.S. Director of National Intelligence James Clapper to declassify a surveillance order the company had received so it can respond to a Reuters report that it set up a special program last year to scan all Yahoo Mail users' incoming messages. Separately, the American Civil Liberties Union filed a motion before the U.S. Foreign Intelligence Surveillance Court asking it to release the Yahoo order and over 20 other significant rulings dating back more than a decade. Reuters …

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Yahoo, ACLU press U.S. to disclose secret surveillance orders

A Texas unicorn preps for a rare oil IPO

Founded by a retired NFL player and his high school buddy – with land deals signed on the hood of a pickup – the Fort Worth oil and gas company is now worth nearly $3 billion, according to a half dozen bankers who have examined its value. An IPO would be a crowning achievement for John Sellers and Cody Campbell, who co-founded predecessor companies starting …

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A Texas unicorn preps for a rare oil IPO

BlackRock quarterly profit rises 3.8 percent

(Reuters) – BlackRock Inc, the world's largest asset manager, reported a better-than-expected quarterly profit, showing resilience in what has been a weak market for many traditional asset managers. BlackRock attracted total “long-term” net flows of $55.18 billion in the latest quarter, up from $35 billion a year earlier. On an adjusted basis, BlackRock earned $5.14 per share, beating the average analyst …

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BlackRock quarterly profit rises 3.8 percent

Domino’s revenue jumps more than expected

(Reuters) – Domino's Pizza Inc on Tuesday reported a bigger-than-expected 17 percent jump in quarterly revenue as its U.S. division overcame intense competition that is taking a bite out of industry sales.

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Domino’s revenue jumps more than expected

Once jobless and uncounted, eager workers could slow Fed rate hike

By Howard Schneider WELLSTON, Missouri (Reuters) – The crammed-to-capacity parking lot at a job training center in this St. Louis suburb is exhibit A for why the U.S. Federal Reserve remains at odds over the health of the U.S. labor market and how quickly interest rates should rise. Among those in the building on a recent fall day, 23-year-old Joshua Goodson described his recent work history as a “dead end…

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Once jobless and uncounted, eager workers could slow Fed rate hike

Goldman Sachs’ profit jumps 58 percent as trading revenue surges

(Reuters) – Goldman Sachs Group Inc reported a 57.9 percent rise in quarterly profit on Tuesday as trading revenue surged.

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Goldman Sachs’ profit jumps 58 percent as trading revenue surges

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