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wallstreet3-121214_21Feb18.jpg Stocks have moved mostly higher during trading on Wednesday following the lackluster performance seen in the previous session. Currently, the Dow is up 79.65 points or 0.3 percent at 25,044.40, the Nasdaq is up 56.53 points or 0.8 percent at 7,290.84 and the S&P 500 is up 13.77 points or 0.5 percent...

KFC-UKcrisis-022118.jpg Hundreds of KFC outlets were closed in the UK and Ireland after the fast food giant faced shortage of chicken due to supplier problems. KFC apologized to its customers and blamed the shortages its new delivery partner DHL. KFC on Wednesday said about 450 of its 900 outlets remained closed. "We...

wallstreet-121514_21Feb18.jpg Stocks have moved mostly higher in morning trading on Wednesday following the lackluster performance seen in the previous session. Currently, the Dow is up 123.50 points or 0.5 percent at 25,088.25, the Nasdaq is up 57.28 points or 0.8 percent at 7,291.58 and the S&P 500 is up 17.43 points or 0.6...

Tacobell-Racist-022118.jpg A racist Taco Bell employee has been fired after he referred an Asian American customer as "Chink." Taco Bell Corp. on Tuesday said that the Center City, Philadelphia cashier who referred to a customer as "Steve Chink" on a receipt no longer works for the fast food chain. According to reports,...

ExistinghomeSales-022118.jpg Existing home sales in the U.S. unexpectedly showed a steep drop in the month of January, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales tumbled by 3.2 percent to an annual rate of 5.38 million.

bump-stock-ban-022118.jpg Within a week of the South Florida high school shooting that killed 17 people, President Donald Trump has signed an order to propose regulation that bans bump-stock devices - accessories that can turn a semi-automatic weapon into an automatic one. Speaking at the Public Safety Medal of Valor Awards...

att-5g-022118.jpg AT&T has announced the name of the three cities where the telecom giant will roll out the faster 5G services first. The company disclosed that it plans to offer mobile 5G to customers in a dozen cities, including parts of Dallas, Atlanta and Waco, Texas, by the end of this year. The company will reveal...

venezuela-petro-022118.jpg The government of Venezuela has announced that its national cryptocurrency can be used as a form of payment for a number of services and commercial transactions, as an alternative to the country's devalued hard currency. Venezuelan President Nicolas Maduro has launched the pre-sale of El Petro (PTR), the first national cryptocurrency in the world, to ease the country's economic crisis.

wallstreet-111614_21Feb18.jpg Following the lackluster performance seen in the previous session, stocks may continue to show a lack of direction in early trading on Wednesday. The futures are currently pointing to a mixed open for the markets, as the Dow futures are down by 13 points but the Nasdaq futures are up by 21 points.

TeslaCloud-Hacked-Crypto-022118.jpg Electric car maker Tesla Inc. became the latest victim of cryptojacking, in which hackers used its cloud system to mine cryptocurrency, according to cybersecurity software firm RedLock. In a blog post, RedLock noted that Tesla's Amazon Web Services or AWS cloud account was used by hackers to perform crptocurrency mining, which requires enormous computer power.

unemployment-UK-022118.jpg The UK jobless rate increased for the first time in nearly two years in the fourth quarter and wages grew at a steady pace. The unemployment rate rose by 0.1 percentage points to 4.4 percent in the three months to December, data from the Office for National Statistics showed Wednesday. This was the first increase in almost two years. The jobless rate was expected to remain at 4.3 percent.

Petro-Presale-Raises-022118.jpg The pre-sale of Venezuela's cryptocurrency evoked overwhelming response on the first day, the country's President says. Nicolas Maduro claimed that $735 million was raised within 20 hours of initial sale. Blockchain experts had warned El Petro (the Petro) is unlikely to attract significant investment. Maduro launched El Petro, the first national cryptocurrency in the world, on Tuesday.

EurozonePMI-022118.jpg Eurozone private sector growth continued to be strong in February, albeit with the rate of expansion cooling from the near 12-year high seen in January, flash data from IHS Markit showed Wednesday. The composite output index dropped more-than-expected to 57.5 from 58.8 in the previous month. The score was forecast to fall to 58.4. Nonetheless, a score above 50 indicates expansion.

dailycryptos-022118.jpg South Korea's relaxed stance on cryptocurrencies boosted the sentiment in the market and pushed prices higher. In Japan, there was another mishap at a cryptocurrency exchange that was under the scanner after the Coincheck hack. Venezuela kick-started the sale of its cryptocurrency. And Elon Musk's Tesla fell victim to a "cryptojacking" attack.

Dishnetworks-022118.jpg Dish Network Corp. on Wednesday reported a surge in profit for the fourth quarter from last year, reflecting an income tax benefit that helped offset the impact of lower revenues. The latest quarter's results were positively impacted by an income tax benefit of about $1.2 billion due to an adjustment to deferred tax assets and liabilities related to tax reform legislation.

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