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U.S. markets news

As Immelt Bows Out, GE Shows the Stench of Oil Is Hard to Escape
In his final days atop General Electric Co., Jeffrey Immelt still can't throw off oil's stink. Jeffrey Immelt. Photographer: Peter Foley/Bloomberg.
Dow closes lower on General Electric's stock drop  CNBC
GE shares fall as profit slumps, investors await new CEO's targets  Reuters  
Democrats in US Congress Urge Review of Amazon's Whole Foods Deal
FILE PHOTO: A Whole Foods Market is pictured in the Manhattan borough of New York City, New York, U.S. June 16, 2017. REUTERS/Carlo Allegri/File Photo Reuters.
Democrats Push FTC to Scrutinize Amazon's Whole Foods Purchase  Fortune
Lawmakers push regulators on how Amazon's Whole Foods deal could affect ...  The Hill
China opens rice market for US exports for first time ever
The world's largest rice market is about to open up for American farmers. After years of negotiations, China has agreed to open its domestic market for U.S.
China will import American rice for the first time  CNNMoney
Arkansas farmers optimistic about new China rice deal  THV 11
Russian Deals and Petri-Dish Funds
Yesterday the U.S. Department of the Treasury fined Exxon Mobil Corp. $2 million for violating U.S. sanctions against Russia back when Exxon was run by current U.S.
Exxon sues US over fine levied for Russia deal under Tillerson  CNBC
The Morning Ledger: US and Exxon Tussle Over Russia Sanctions  Wall Street Journal (subscription) (blog)
2 Leading Online Black Markets Are Shut Down by Authorities
Attorney General Jeff Sessions announced the seizure of the online black market AlphaBay at a news conference in Washington on Thursday.
How The Cops Took Down An Alleged $23 Million Dark Web Drug Kingpin  Forbes
Criminals' Online Market Targeted by US After Founder Dies  Bloomberg
Bank of America picks Dublin as EU base after Brexit
LONDON/DUBLIN (Reuters) - Bank of America (BAC.N) on Friday became the first Wall Street lender to pick Dublin as its new base for its European Union operations as Britain prepares to leave the bloc.
Bank of America Chooses Dublin as Post-'Brexit' European Hub  New York Times
Bank of America picks Dublin for EU hub  BBC News
Record S&P 500 Failing to Stem Steadiest Fund Outflow Since 2009
Even as the S&P 500 Index clawed its way to a fresh record and squeezed out a third consecutive weekly gain, signs of fading enthusiasm in U.S.
Wall Street dips as GE, energy shares weigh  Reuters
S&P 500, Nasdaq post weekly gains as stock market finishes session lower  MarketWatch
Top Microsoft Investor Recommends Buying More
Yesterday, Microsoft reported Q4 earnings grew 40% over last year. The stock has now become one of Robert Frazier's top 5 most profitable investments.
Why Microsoft stock is at an all-time, 31-year high  Recode
Microsoft is challenging Amazon for cloud throne  MarketWatch
Another day, another derailment in NYC subway
NEW YORK - Another day, another derailment. And another round of finger-pointing on who is to blame for problems with New York City's troubled transit system.
Derailment, Signal Problems, Sick Passenger and More -- Another Day of ...  NBC New York
Andrew Cuomo's MTA Propaganda Should Scare the Bejeezus Out of You  Streetsblog New York (blog)
Lyft will launch self-driving car rides by the end of this year
Silicon Valley's steady march toward self-driving cars took another step forward Friday as the ride-hailing company Lyft said its customers will be able to summon a driverless vehicle on some roads by the end of the year.
Lyft launches a new self-driving division and will develop its own ...  TechCrunch
Lyft goes all-in on autonomy, opens new office in Silicon Valley  CNET