PG&E Cuts Power to 500,000 in California: Live Updates

Pacific Gas & Electric, the largest utility in the state, could cut electricity to 800,000 customers by day’s end as a precaution against sparking wildfires.
NYT > U.S. News

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Ivy League a cappella group cuts ‘Little Mermaid’ from repertoire amid concerns over consent

The Princeton Tigertones said it will stop performing “Kiss the Girl” from “The Little Mermaid” after a student wrote an op-ed expressing concern.
Arts and Entertainment

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Trump Orders ‘Substantial’ National Security Council Staff Cuts: Report

The president made the reported request as House lawmakers intensify their impeachment probe into his communications with Ukraine.
U.S. News – Breaking News and Latest Headlines

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MSNBC Cuts Into Trump’s Press Conference To Call Him Out On Lying About The Bidens

Reporter Nicolle Wallace interrupted the feed of the president speaking to fact-check him and tell viewers that “the president isn’t telling the truth.”
Politics – U.S. Political News, Opinion and Analysis

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Fed’s Rosengren says the US has survived the trade war and doesn’t need rate cuts

Rosengren was one of two central bank officials to vote against Wednesday's quarter-point rate reduction.
Economy

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Fed Cuts Interest Rates by Another Quarter Point

The Federal Reserve cut rates for the second time since July as risks to the economic outlook mounted, but the move did little to appease President Trump.
NYT > Business > Economy

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49ers TE and WWE fan George Kittle cuts a promo, explains why Seth Rollins is his favorite

In the latest edition of 1 Up 1 Down with Shannon Spake, the San Francisco 49ers’ George Kittle talks about his WWE fandom, his Joker tattoo, and his alter ego on the field.

FOX Sports Digital

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Abercrombie & Fitch cuts full-year sales forecast on tariff impact; announces global leadership hires

Abercrombie & Fitch Co cut its full-year sales forecast on Thursday after missing Wall Street estimates in the second quarter, and also announced the appointment of two new global vice presidents.
News – FashionNetwork.com USA

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Swedbank Cuts Sweden’s Growth Outlook

Swedbank downgraded Sweden’s growth projection as sagging global trade are spilling over into the export-sensitive economy.
RTT – Economic News

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Taylor Swift Explains How Netflix’s Someone Great Inspired “Death By a Thousand Cuts”

Taylor Swift, Jesse Tyler Ferguson, Stonewall Inn, Pride 2019Inspiration is all around us!
When Taylor Swift creates new music, life has a habit of influencing the sounds and lyrics you’ll hear on her album.
It’s certainly the case…

E! Online (US) – Top Stories

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Fed Intends To Remain Flexible Regarding Future Interest Rate Cuts

Citing a lack of clarity about when the risks to the U.S. economy will be resolved, the minutes of the Federal Reserve’s latest monetary policy meeting showed the central bank intends to remain flexible regarding future changes to interest rates. The minutes of the Federal Open Market Committee meeting held in late July showed members plan to pay close attention to the implications of incoming data for the economic outlook.
RTT – Economic News

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‘Deal or No Deal’ Host Howie Mandel Makes His First Sandwich EVER! | COLD CUTS

Food On TODAY

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Philippines Cuts Interest Rates Further As Economy Slows

The Philippine central bank slashed the key interest rate on Thursday, citing a benign inflation outlook and slowing growth. The Monetary Board of the Bangko Sentral ng Pilippinas, or BSP, decided to lower the overnight reverse repurchase facility rate by 25 basis points to 4.25 percent. The move was in line with economists’ expectations.
RTT – Top Story

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‘Velo Barber’ gives fashionable cuts to New York’s elite from his Citi Bike salon

Julien Howard’s barbershop is wherever you need it to be. A recent summer afternoon found him in lower Manhattan at the corner of Lafayette and Howard streets trimming one customer’s hair from the seat of a parked Citi Bike. He used the bike basket next to him as a makeshift counter. For more than a…
Fashion News, Photos, and Video | New York Post

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Trump Continues Assault On The Fed After Overseas Rate Cuts

On the heels of interest rate cuts by central banks in India, New Zealand and Thailand, President Donald Trump continued to urge the Federal Reserve to lower rates more aggressively in a series of posts on Twitter on Wednesday. Trump accused the Fed of incompetence, claiming the U.S. central bank refuses to admit its mistake of raising rates too fast.
RTT – Political News

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CVS slows store expansion plans, cuts pace by a third

CVS Health will open about about one-third of the stores it usually opens this year and even fewer next year, the company's head of retail said Wednesday.
Health and Science

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‘Start Here’: Biden, Harris on defense at debate, and the Fed cuts rates

It’s Thursday, Aug. 1, 2019. Here’s what you need to know to start your day.
ABC News: Top Stories

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Harley-Davidson cuts forecast after motorcycle sales slump

Harley-Davidson on Tuesday trimmed the forecast for shipments of its motorcycles in 2019 after worldwide sales in the second quarter slumped, hurt by higher tariff costs as well as weak demand in the United States. Operating margin in the motorcycles segment, or how much profit the company makes per dollar of sales after accounting for…
Business | New York Post

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Actuant Boosts FY19 Adj. EPS Outlook, But Cuts Sales Guidance – Quick Facts

While reporting financial results for the third quarter on Wednesday, Actuant Corp. (ATU) raised its adjusted earnings per share outlook for the full year 2019, but cut annual sales guidance. The company also provided guidance for the fourth quarter of 2019.
RTT – Earnings

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Cree Cuts Q4 Guidance; Shares Down – Quick Facts

Cree, Inc. (CREE) reduced its guidance for the fourth quarter of fiscal 2019 due to the impact from Huawei matter, and also due to the softer than projected demand for the company’s LED products. In May, the Bureau of Industry and Security of the U.S. Department of Commerce added Huawei Technologies Co. to a Entity List.
RTT – Earnings

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Walgreens cuts long-time health benefit for retired employees in ‘unusual’ move

Walgreens said in a letter reviewed by CNBC it would no longer subsidize medical benefits for former employees who hadn't turned 64 by March 31.
Health and Science

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ECB Joins Global Trend As Governing Council Discusses Rate Cuts

The European Central Bank turned dovish as expected in June, with the bank chief Mario Draghi confirming that the bank no longer has a rate-hike bias and that several policymakers raised the possibility of a deposit rate cut in the near future, as the global trade tensions hurt the economic sentiment in Eurozone.
RTT – Top Story

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Philippines Cuts Key Interest Rate As GDP Growth Eases To 4-year Low

The Philippines central bank unexpectedly cut its key interest rate in May, after official data showed that the economic growth was the weakest in four years in the first quarter of this year. The Monetary Board, led by Governor Benjamin Diokno, decided to slash the overnight reverse repurchase facility rate by 25 basis points to 4.5 percent, a statement from the Bangko Sentral ng Pilipinas said.
RTT – Economic News

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Meghan McCain Blows Up Over Mueller Report; Whoopi Goldberg Cuts Her Off

The View

Returning from a week-long break, The View began Monday’s broadcast reacting to the recently released Mueller report. Naturally, that segment ended with Whoopi Goldberg cutting off conservative co-host Meghan McCain during a tirade claiming Democrats are going to get President Trump re-elected by “demonizing” all Republicans.

In response to Sen. Mitt Romney’s (R-UT) highly critical statement of Trump following the report—which found Trump repeatedly tried to obstruct the Russia probe—co-host Sunny Hostin said the Utah senator would still likely not vote for impeachment if it reached the Senate. Romney and other Republicans, he said, will ultimately refuse to hold Trump accountable.

Former Fox News host Abby Huntsman jumped in to debate both Hostin and co-host Joy Behar, noting that Trump’s base feels like he “got a big win” from the report because the media set an expectation that “he was going to be booted out.” Behar and Hostin, meanwhile, pointed out that Trump’s overall approval rating went down to 37 percent—and that’s where McCain jumped in for her take.

Read more at The Daily Beast.

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The Daily Beast — Entertainment

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IMF Cuts Global Growth Forecast On Trade Tensions, Policy Uncertainty

The International Monetary Fund on Tuesday slashed the global growth forecast for this year, citing the trade tensions, weaker business confidence, tighter financial conditions and higher policy uncertainty. The Washington-based global lender cut the growth forecast for this year to 3.3 percent in its latest World Economic Outlook, or WEO, which is released twice a year.
RTT – Top Story

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Trump’s tax cuts will boost the US for two more years at most, says Nobel Prize winner

The U.S. has been a bright spot among advanced economies, partly thanks to President Donald Trump's $ 1.5 trillion tax reform. But the boost can't last forever.
Top News & Analysis

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HHS Secretary Azar defends Trump budget cuts to Medicaid, NIH programs

Health and Human Services Secretary Alex Azar takes heat on Capitol Hill over some of the Trump administration's proposed cuts in health care.
Health and Science

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Daimler Q4 Profit Down, Cuts Dividend; Sees Slight Growth In FY19; Stock Dips

Shares of Daimler AG were losing around 2 percent in the early morning trading in Germany after the automaker on Wednesday reported that its fourth-quarter profit halved, despite higher sales and unit volume. The company also trimmed its dividend. Looking ahead, for fiscal 2019, the company expects slight increase in Group EBIT, revenues and unit sales.
RTT – Top Story

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IMF Chair Christine Lagarde cuts global growth forecast for 2019 to 3.5 percent

IMF Chair Christine Lagarde has cut the global growth forecast to 3.5 percent. Speaking at the World Economic Forum in Davos, Switzerland, she said the move was due to the high level of economic risks that are accelerating around the globe.
Economy

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Merck KGaA Stock Dips On Weak Q3 Profit; Cuts FY18 EBITDA Pre View

Merck KGaA reported Wednesday a sharp decline in its third-quarter profit, while sales increased despite negative currency impacts. Further, the German drugmaker lowered its fiscal 2018 forecast for EBITDA pre, but confirmed organic EBITDA pre view. The company also lifted its organic net sales growth forecast.
RTT – Earnings

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Tax cuts have been controversial, but voters didn’t seem to care about them

Voters in the midterms felt neither tremendously motivated by the 2017 tax cuts nor had their lives been changed much by them, NBC News exit polls find. 
Economy

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Amgen cuts price of cholesterol drug by almost 60%, echoing rival’s move

Biotech giant Amgen is lowering the price of its cholesterol medicine Repatha by almost 60 percent, following a similar move from its competitor, after both drugs failed to meet sales expectations.
Health and Science

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As Trump cuts refugees, Buffalo feels the pinch

Associated Press

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Jacob Cuts It Off with Tasha | Greenleaf | Oprah Winfrey Network

OWN

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