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Trump critic Avenatti indicted for ripping off Stormy Daniels, extorting Nike

Michael Avenatti‘s legal troubles escalated on Wednesday as federal prosecutors announced new criminal charges accusing the lawyer and prominent critic of U.S. President Donald Trump of stealing from porn star Stormy Daniels and extorting Nike Inc.

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Renewed U.S.-China trade tensions push down Wall Street

Wall Street‘s major indexes dipped on Wednesday as inflamed trade tensions between the United States and China weighed on investor sentiment.

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Brexit crisis: Minister quits, piling pressure on Britain‘s May

Prominent Brexit supporter Andrea Leadsom resigned from Prime Minister Theresa May‘s government on Wednesday, piling pressure on the British leader after a new Brexit gambit backfired and fueled calls for her to quit.

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Trump torpedoes meeting with Democrats, blasts Pelosi‘s ‘cover-up‘ accusation

President Donald Trump on Wednesday abruptly cut short a White House meeting with Democratic lawmakers on infrastructure, then ripped into them over House Speaker Nancy Pelosi‘s accusation that he is engaged in a cover-up and asserted that he could not work with them unless they dropped multiple investigations.

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Trump loses court round on Democratic lawmakers‘ demand that banks provide his business records

U.S. President Donald Trump, three of his children and the Trump Organization on Wednesday lost their bid to block Deutsche Bank AG and Capital One Financial Corp from providing financial records to Democratic lawmakers investigating Trump‘s businesses.

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Rain, flooding expected in U.S. Southern Plains after deadly storms

Weather forecasters on Wednesday expected drenching rains to roll into the storm-ravaged U.S. southern and central states, where thunderstorms and tornadoes killed at least three people and triggered widespread flooding.

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Trump loses court round in U.S. Democratic lawmakers demand for bank documents on his businesses

U.S. President Donald Trump, three of his children and the Trump Organization on Wednesday lost their bid to block Deutsche Bank AG and Capital One Financial Corp from providing financial records to Democratic lawmakers investigating Trump‘s businesses.

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Wall St dips after renewed U.S.-China trade fears

Wall Street‘s major indexes dipped on Wednesday as inflamed trade tensions between the United States and China weighed on investor sentiment.

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New York state legislature votes to make Trump tax returns available

New York state‘s legislature on Wednesday passed a bill that would make it easier for U.S. congressional committees investigating President Donald Trump to get access to his state tax returns.

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UK PM May‘s office disappointed by Leadsom resignation

British Prime Minister Theresa May is disappointed by the resignation of Andrea Leadsom over her Brexit strategy, May‘s office said on Wednesday, adding that the leader would nevertheless stay focused on delivering Brexit.

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Trump administration holds off redirecting California‘s high-speed rail money

The Trump administration on Wednesday agreed not to immediately redirect nearly 1 billion it is withholding from California‘s high-speed rail project, one of several disputes between Republican Trump and the Democratic-controlled state.

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‘American Taliban‘ to be released from prison Thursday

John Walker Lindh, the American captured in Afghanistan in 2001 fighting for the Taliban and vilified as a national traitor, is to be released early from a federal prison on Thursday while some U.S. lawmakers worry he still poses a security risk.

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In latest blow to Britain‘s May, Leadsom resigns over new Brexit approach

Prominent Brexit supporter Andrea Leadsom resigned from British Prime Minister Theresa May‘s cabinet on Wednesday, saying she could no longer support the government‘s approach after May‘s latest gambit to pass her Brexit deal backfired.

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Trump critic Michael Avenatti charged with ripping off Stormy Daniels, extorting Nike

Michael Avenatti‘s legal troubles escalated on Wednesday as federal prosecutors announced new criminal charges against the combative lawyer and prominent critic of U.S. President Donald Trump, accusing Avenatti of stealing from porn star Stormy Daniels and blackmailing Nike Inc.

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Trade tensions push down Wall Street

U.S. stocks dipped on Wednesday as reports that Washington could impose restrictions on another Chinese technology company further inflamed trade tensions between the world‘s two largest economies.

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Fed‘s Kaplan says U.S. rates are on the right setting: FOX

The U.S. economy should grow at a solid 2.25-2.50% rate this year, with inflation moving up to the Federal Reserve‘s target, putting rates in the right place, a top Fed official said on Wednesday.

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Tesla drops for sixth straight session, down 20% since share offer

Shares of Tesla fell for a sixth straight session on Wednesday after Citi cut its price target on the struggling electric car maker, leaving buyers of its recent share offer, including Chief Executive Elon Musk, 167 million in the hole.

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Fed‘s Kaplan says U.S. is ‘flirting‘ with yield curve inversion

U.S. bond markets are "flirting" with a yield curve inversion that could signal slower economic growth ahead, Dallas Federal Reserve Bank President Robert Kaplan said on Wednesday.

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Fed‘s patience on interest rates to last ‘for some time‘

U.S. Federal Reserve officials at their last meeting agreed that their current patient approach to setting monetary policy could remain in place "for some time," a further sign policymakers see little need to change rates in either direction.

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Timeline: Theresa May - three tumultuous Downing Street years

Theresa May took over as prime minister when David Cameron bowed out, defeated in the Brexit referendum of June 2016. Since then May‘s time in Downing Street has been defined by her attempts - frustrated time and again - to get Britain out of the EU.

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T-Mobile-Sprint deal would boost prices, hurt poorest U.S. consumers, experts say

Concessions by T-Mobile US Inc to win U.S. government approval to buy Sprint Corp will likely lead to higher prices for the poorest Americans, many of whom use prepaid wireless plans, analysts and activists said.

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Daimler CEO announces sweeping cost review as he bows out

Daimler‘s Chief Executive Dieter Zetsche announced a sweeping cost review on Wednesday, his last day in office, as he bid farewell to shareholders following more than a decade at the helm of luxury carmaker Mercedes-Benz.

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Amazon shareholders reject facial recognition ban as concern grows in U.S. Congress

Amazon.com Inc on Wednesday said shareholders rejected proposals to curb and audit its facial recognition service, just as members of Congress indicated there was bipartisan support to one day regulate the technology.

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UK Conservative 1922 chairman to consult with committee after PM May meeting on Friday

The head of the Conservative Party‘s 1922 Committee, Graham Brady, said on Wednesday he would consult with the committee‘s executive following a meeting with Prime Minister Theresa May on Friday.

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