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Market Update  

- By Jeremy Olshan, MarketWatch Audiobooks were found to elicit a greater emotional response than film and TV adaptations It is hardly controversial to say that the book is always better th...
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Business News  

OPEC enters meeting that could set direction of oil prices
(AP Photo - Hussein Malla)
By DAVID KOENIG
From Associated Press
June 21, 2018 10:59 AM EST

Officials from major oil-producing nations are expected to agree this week to boost output, but just how much they will open the spigot — and the effect on oil prices — remain wild cards.

ATLANTIC CITY, N.J. (AP) — A Denver developer and New Jersey gambling regulators made a big bet Thursday on the future of Atlantic City and a casino that flopped four years ago, granting a casino license to the Ocean Resort Casino a week before it is due to reopen.

NEW YORK (AP) — Intel CEO Brian Krzanich resigned after the company learned of what it called his consensual relationship with an employee.

WASHINGTON (AP) — States will be able to force shoppers to pay sales tax when they make online purchases under a Supreme Court decision Thursday that will leave shoppers with lighter wallets but is a big win for states.

LOUISVILLE, Ky. (AP) — Much of the rye whiskey aging in hundreds of barrels at Catoctin Creek Distillery in Virginia could end up being consumed in Europe, a market the 9-year-old distilling company has cultivated at considerable cost.

SEOUL, South Korea (AP) — Xiaomi, a Chinese cellphone maker that helped pioneer the trend toward ultra-low-priced smartphones, is preparing for what would possibly be the biggest tech initial public offering since e-commerce giant Alibaba's in 2014.

WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week, marking their third decline in the past four weeks after increasing last week.

NEW YORK (AP) — Just a month ago oil surged to its highest price in three years, and some investors were wondering if crude was again on its way to $100 a barrel.

How much is that doggy in the window? More than you may think. New dog owners can expect to shell out $1,200 to $2,000 in the first year , and as much as $14,500 over their pup's lifetime, according to the American Society for the Prevention of Cruelty to Animals.

BOSTON (AP) — A Boston-based consumer watchdog group has warned of the dangers to children of water balloon slingshots, lawn darts and other summer toys.

LUXEMBOURG (AP) — Eurozone nations were confident Thursday that they could agree on the final elements of a plan to get Greece out of its eight-year bailout program and make its massive debt burden manageable.

TOKYO (AP) — Global stock markets were mostly lower Thursday amid concern over the trade tensions between the U.S. and China. KEEPING SCORE: France's CAC 40 was down 0.4 percent at 5,349 and Germany's DAX shed 0.7 percent to 12,601 after Daimler warned about its outlook due to Chinese tariffs on its vehicles made in the U.S.

LONDON (AP) — Britain's Treasury chief is expected to outline plans to ensure the nation's financial services industry can thrive after the U.K.

NEW YORK (AP) — AT&T is launching a new streaming service incorporating television networks from the Time Warner company it just bought.

WELLINGTON, New Zealand (AP) — European Union Trade Commissioner Cecilia Malmstrom said Thursday that the grouping has targeted some iconic American imports like Harley-Davidson motorcycles and bourbon for tariffs in hopes that it will "make noise" and put pressure on U.S.

KUALA LUMPUR, Malaysia (AP) — Malaysia said Thursday it will not cancel a skyscraper project billed as the tallest in Southeast Asia, even though 3 billion ringgit ($747 million) from the venture has been misappropriated by the 1MDB state fund linked to former premier Najib Razak.

BERLIN (AP) — German automaker Daimler AG has lowered its 2018 earnings outlook, a change that it says is partly due to increased import tariffs for U.S.

BEIJING (AP) — China on Thursday accused the United States of using bullying tactics and blackmail in threatening to impose tariffs on hundreds of billions of dollars of Chinese imports, ramping up criticism that the measures levied in the name of balancing trade would harm both countries' companies and the world economy.

Mail-order weed? You betcha! With marijuana legalization across Canada on the horizon, the industry is shaping up to look different from the way it does in nine U.S.

TOKYO (AP) — Asian stock markets mostly rose Thursday as concern fades over the trade tensions between the U.S. and China. Uncertainty remains, but the original tariff threats made earlier in the week were not followed by material action.

CANBERRA, Australia (AP) — Australia's prime minister achieved an important political victory on Thursday when the Senate passed personal income tax cuts worth 144 billion Australian dollars ($106 billion) over a decade.

WASHINGTON (AP) — Pointing to damage done to home-state companies, lawmakers from both parties Wednesday criticized tariffs the Trump administration has imposed on imported steel and aluminum products in the name of national security.

SAN FRANCISCO (AP) — Facebook's Instagram service is loosening its restraints on video in an attempt to lure younger viewers away from YouTube when they're looking for something to watch on their smartphones.

LONDON (AP) — The British government saw its flagship Brexit legislation pass through Parliament on Wednesday, but remains locked in a tussle with lawmakers over the direction of the country's departure from the European Union.

LONDON (AP) — No beer at this time of year? A British trade group says there's a shortage of carbon dioxide in Northern Europe, sparking fears that drinks may lack fizz just as thirsty soccer fans fill pubs for the World Cup.