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U.S. markets news

US Economy Roars Back, Grew 2.9% in Third Quarter
WASHINGTON—U.S. economic growth accelerated last quarter, easing fears of a near-term slowdown but doing little to change the trajectory of a long but weak expansion.
The GDP report just threw a wrench into one of Trump's main arguments  Business Insider
Strong economic news undercuts Trump's doom-and-gloom message  Politico
Trump gives $10 million after slowing campaign contributions
Republican presidential candidate Donald Trump speaks during a campaign rally, Thursday, Oct. 27, 2016, in Geneva, Ohio. (AP Photo/ Evan Vucci) The Associated Press.
Clinton holds lead, but pollsters say their job is harder  Reuters
Uber loses employment tribunal in the UK
Uber drivers are workers rather than self-employed contractors, according to a ruling by an employment tribunal in the UK. It's a landmark win for workers' rights in the so-called gig economy where platform giants have sought to minimize costs by ...
Uber Drivers Entitled to Workers' Rights, UK Tribunal Rules  Wall Street Journal
A British court rules Uber drivers have workers' rights in the ...  Quartz
Exxon Warns on Reserves as it Posts Lower Profit
Exxon Mobil Corp., under investigation for how it values its oil and gas wells, on Friday said it may be forced to recognize that nearly one fifth of its reserves are no longer profitable to produce, a sign of the toll that low prices are taking on the ...
Exxon Mobil earnings beat estimates, but fall $1.6 billion from a year ago  CNBC
Exxon Mobil profit and revenue slide again  MarketWatch
GE, Baker Hughes Partnership Would Be 'Very Disappointing:' More Squawk From ...
NEW YORK (TheStreet) -- Digital industrial company General Electric (GE) has confirmed that it is in discussions with oilfield services provider Baker Hughes (BHI) about potential partnerships but not an "outright purchase" of the company.
GE talking partnerships with Baker Hughes as oil slump endures  FuelFix (blog)
Stocks to Watch: Baker Hughes, Goodyear, Novo Nordisk  Wall Street Journal (blog)
Spending vs. profits: Amazon and investors at odds again
Amazon CEO Jeff Bezos addresses the Economic Club of New York in New York City, U.S., October 27, 2016. REUTERS/Brendan McDermid. 2/2.'s (AMZN) Earnings Miss Excuse Is 'Real' and ' ...
Why Amazon's Rivals Should Be Scared  Fortune
Wall Street sees $9.3B in gains that could end three-year decline
DiNapoli's report was good news for budget planners in Albany and City Hall. The securities industry accounts for more than 18% percent of state tax collections and 7% percent city tax collections.
Wall Street broker-dealer profits in 2016 to exceed last year's: watchdog  Reuters
NY comptroller projects higher Wall Street profits in 2016  Miami Herald
AutoNation to Sell its Own Parts, Add Used Car Centers
The largest auto dealership chain in the U.S. is expanding into stand-alone used car sales centers and will even sell its own automotive replacement parts.
AutoNation net income drops on recall costs; to add used-car stor...  Reuters
AutoNation to create stand-alone used-car stores  MarketWatch
Here are dozen key products Amazon talked about on its earnings call CEO Jeff Bezos famously hates talking to the investment community. He dislikes it so much that he leaves earnings calls to his deputies.
Amazon Drops 6% on Margin Shortfall; Bulls Insist Spend is Worth It  Barron's (blog)
Why Amazon's Tumble Is Hurting Jeff Bezos' Wallet, But Not The Tech ...  Forbes
You might be able to beat a 401(k) by investing on your own
I'm a big fan of workplace 401(k) retirement plans. My 401(k) is the largest investment I own. And I'm convinced that part of the reason for the wealth gap in this country is the availability of 401(k)-style retirement plans for the "have" segment and ...
2017 Pension Plan Limitations Announced  Accounting Today
5 tips to revitalize your retirement, 401(k) plan