E-cigarette use 'skyrocketing' among young Americans: report

The number of young Americans using e-cigarettes grew by 1.5 million in 2018, undermining years of progress in reducing youth smoking, health authorities said Monday. Some 3.6 million middle and high school students were current users of vaping products, up from 2.1 million the year before, according to the report by the Centers for Disease Control and Prevention (CDC). The CDC said the number of current cigarette smokers and consumers of other tobacco products in middle and high school remained roughly stable from 2017 to 2018.

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E-cigarette use 'skyrocketing' among young Americans: report

Wal-Mart in talks to sell China e-commerce unit to JD.com: WSJ

(Reuters) – Wal-Mart Stores Inc is in talks to sell its Chinese e-commerce business, Yihaodian, to JD.com Inc, the Wall Street Journal reported, citing people familiar with the situation. The exact terms of the proposed deal are unclear and discussions remain fluid, but one of the people said it could include a broader partnership between Wal-Mart and JD.com, according to the report. (http://on.wsj.com/28IQUlW) Wal-Mart took full ownership of Yihaodian, a smaller rival to Alibaba Group Holding Ltd and JD.com, last July to boost its presence in China's fast-growing online market. JD. …

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Wal-Mart in talks to sell China e-commerce unit to JD.com: WSJ

Tesla CEO says working exclusively with Panasonic for Model 3 battery

By Hyunjoo Jin SEOUL (Reuters) – Tesla Motors is working exclusively with Panasonic Corp to supply batteries for the Model 3, its first mass-market car, the U.S. automaker's chief executive said on Wednesday, sending Panasonic shares higher. Reuters reported a day earlier a source with direct knowledge of the matter saying that Samsung SDI was making progress in talks with Tesla to supply batteries for the electric car, as well as Tesla's energy storage systems. The source said Tesla, which currently buys batteries from Panasonic, was likely to add Samsung SDI as a supplier for Model 3 if and when Tesla's battery plant were not able to produce enough batteries to meet demand.

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Tesla CEO says working exclusively with Panasonic for Model 3 battery

Yahoo hires investment bank to sell about 3,000 patents: WSJ

The company has sent letters to a number of potential buyers for the patents, which date back to when the company was founded in 1996 and also include its original search technology, the report said. The deadline for bids for the patents has been set for mid-June by Yahoo, according to the Wall Street Journal. In March, Yahoo said it would explore the sale of $1 billion to $3 billion of patents, property and “non-core assets”.

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Yahoo hires investment bank to sell about 3,000 patents: WSJ

Weak U.S. employment report dims prospect of Fed rate hike

The U.S. economy created the fewest number of jobs in more than 5-1/2-years in May as manufacturing and construction employment fell sharply, suggesting slippage in the labor market that could make it harder for the Federal Reserve to raise interest rates. Employment gains were also restrained by a month-long strike by Verizon workers, which depressed information sector payrolls by 34,000 jobs. Underscoring the report's weakness, employers hired 59,000 fewer workers in March and April than previously reported.

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Weak U.S. employment report dims prospect of Fed rate hike

Wall Street gives up on June rate hike by Fed after payrolls disappoint: poll

By Dion Rabouin NEW YORK (Reuters) – Wall Street's top banks have all but abandoned any expectation that the Federal Reserve will raise interest rates in June, and most now see the U.S. central bank's next rate hike coming in September, according to a Reuters survey conducted on Friday. Friday's weaker-than-expected payrolls report for April acted as the catalyst for several economists at primary dealers to back away from their previous predictions for an interest rate increase at the Fed's next meeting in June. “This report did very little to make the case for a June rate hike,” said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York.

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Wall Street gives up on June rate hike by Fed after payrolls disappoint: poll

Good U.S. payrolls gains seen, but swelling labor force to cap wage growth

U.S. employment likely rose again in April, but a rush of job seekers into the labor market should keep wage gains moderate and buy a cautious Federal Reserve more time before raising interest rates again. Nonfarm payrolls probably increased by 202,000 last month in U.S. Labor Department data due for publication on Friday, after growing by 215,000 in March, according to a Reuters survey of economists. The unemployment rate is forecast to have held at 5.0 percent as improving labor market conditions lured some previously discouraged job seekers back into the workforce.

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Good U.S. payrolls gains seen, but swelling labor force to cap wage growth

Bangladesh Bank weighs lawsuit against NY Fed over hack

By Serajul Quadir DHAKA (Reuters) – Bangladesh's central bank has hired a U.S. lawyer for a potential lawsuit against the Federal Reserve Bank of New York after hackers stole $81 million from its account with the NY Fed, according to an internal report by the Bangladesh bank. After the report surfaced on Tuesday in the Bangladesh capital of Dhaka, U.S. Representative Carolyn Maloney called for a probe of last month's cyber attack on Bangladesh Bank. In one of the largest cyber heists in history, the hackers ordered the New York Fed to transfer $81 million from Bangladesh central bank funds to accounts in the Philippines.

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Bangladesh Bank weighs lawsuit against NY Fed over hack

Oil price to rise only gradually to $80 by 2020: IEA

By Amanda Cooper LONDON (Reuters) – Oil is unlikely to return to $80 a barrel before the end of the next decade, despite unprecedented declines in investment, as yearly demand growth struggles to top 1 million barrels per day, the International Energy Agency said on Tuesday. In its World Energy Outlook, the IEA said it anticipates demand growth under its central scenario will rise annually by some 900,000 barrels per day to 2020, gradually reaching demand of 103.5 million bpd by 2040. “Our expectation is to see prices gradually rising to $80 around 2020,” Fatih Birol, the executive director of the IEA, told Reuters ahead of the release of the report.

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Oil price to rise only gradually to $80 by 2020: IEA

Volkswagen moves to appease angry customers, workers

DETROIT/BERLIN (Reuters) – Volkswagen AG took new steps on Monday to appease U.S. customers and German union leaders unhappy with the company's response to a sweeping emissions cheating scandal that claimed another high-profile executive. Volkswagen is offering a $1,000 credit, of which half is to be spent at VW and Audi dealerships, to U.S. owners of certain diesel models that do not comply with government emissions standards, VW's U.S. subsidiary said. The automaker said eligible U.S. owners of nearly 500,000 VW and Audi models equipped with 2.0 liter TDI diesel engines can apply to receive a $500 prepaid Visa card and a $500 dealership card, and three years of free roadside assistance services

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Volkswagen moves to appease angry customers, workers