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Loan Market Shrugs Off Prison Financing Protests

The U.S. leveraged loan market appeared to shrug off protests at the center of a national immigration debate that saw illegal immigrants separated from their children as advocates take aim at banks financing companies that run detention centers.
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UK's Thomas Cook Mulling Airline Sale

British travel company Thomas Cook is considering splitting off its airline and selling a stake to an outside investor to reduce debt, the Sunday Times newspaper reported.
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Economy, Dollar, Trade Key To US Stocks' Global Edge

The ability of the U.S. stock market to keep an edge this year over equities elsewhere in the world hinges on the United States maintaining its economic and earnings growth advantage, the strength of the dollar and how global trade tensions resolve, investors said.
Soybeans

Consumers, Soybeans Seen Powering US Second-Quarter Growth

President Donald Trump and members of his economic team have been promoting the notion that second-quarter growth will be robust. Earlier in the week, he tweeted that the United States has "the best financial numbers on the planet."
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Tariffs Cause GM, FCA To Trim 2018 Profit Forecasts

Trade tariffs were partly to blame for lowered full-year forecasts by General Motors and Fiat Chrysler Automobiles NV on Wednesday, pummeling the stocks of both automakers as investors feared worse is yet to come.
Alphabet

Alphabet Trounces Profit Estimates As Google Reins In Costs

Google's dominance in online advertising has been challenged this year by the antitrust battle over its Android mobile software, which led to a $5 billion fine for the quarter, and other regulatory actions, including new European privacy rules.

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