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Twitter says COO Adam Bain to leave, Noto to take his place

Twitter Inc said on Wednesday that Chief Operating Officer Adam Bain, widely credited with building a robust advertising business at the company even as it struggled with user growth, is leaving to explore other opportunities. “Mr. Bain will remain at Twitter in the coming weeks to assist with the transition of the chief operating officer role,” the company said. The move is a blow for struggling Twitter, which

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Twitter says COO Adam Bain to leave, Noto to take his place

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Fed to proceed with December U.S. rate rise despite Trump upset: Reuters poll

While there was no prior official view on what the Fed would do if Trump won in a contest where nearly every poll of U.S. voters pointed to a victory for Democrat Hillary Clinton, many had said ensuing uncertainty from an upset might put up a roadblock. When the Fed last hiked, its first in the current cycle off the zero bound, it expected to have delivered four more by now, but was thrown off course several times throughout the year. Inflation has not picked …

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Fed to proceed with December U.S. rate rise despite Trump upset: Reuters poll

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S&P affirms U.S. investment-grade ratings after presidential election

Donald Trump won the U.S. presidential election in a stunning upset, and will take office in January, with the Republicans maintaining majority control of the House of Representatives and the Senate. “We assume the longstanding institutional strengths and robust checks and balances of the U.S. will support policy execution in a Trump administration, despite the president-elect's lack of experience in public office, which raises uncertainty on policy proposals,” the ratings agency said.

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S&P affirms U.S. investment-grade ratings after presidential election