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Qatar to Withdraw From OPEC

CBS News:

DUBAI, United Arab Emirates -- The tiny, energy-rich Arab nation of Qatar announced on Monday it would withdraw from OPEC, mixing its aspirations to increase production outside of the cartel's constraints with the politics of slighting the Saudi-dominated group amid the kingdom's boycott of Doha. 


NYC sets $17 an hour minimum wage for Uber and Lyft drivers

MONEYWATCH: 

New York City has become the first in the U.S. to set a minimum wage for app-based car services. The city's Taxi and Limousine Commission voted Tuesday to establish a per-minute and per-mile payment formula for Uber, Lyft, Via, Juno and Gett that is supposed to result in drivers earning $17.22 an hour. Regulators say it will raise drivers' annual earnings by $10,000 a year. 

Chinese Dump $1 Billion in U.S. Real Estate

Wall Street Journal: 

Chinese investors unloaded more than $1 billion in U.S. real estate in the third quarter, extending their recent retreat from hotels, office buildings and other foreign property under pressure from Beijing to reduce debt and curb money sent abroad. 

Winning: U.S. Became a Net Oil Exporter for the First Time in 75 Years

Bloomberg: 

America turned into a net oil exporter last week, breaking almost 75 years of continued dependence on foreign oil and marking a pivotal -- even if likely brief -- moment toward what U.S. President Donald Trump has branded as "energy independence."

The incredible, disappearing home down payment

(Axios | Christopher Matthews) Many real estate markets across the U.S. are in the midst of an affordability crisis because of rising home prices, tight access to credit, and a homebuilding industry that has been slow to build new homes.

U.S. Household Wealth Rises $1.7 Trillion to Another Record

u7u656he5w6yh7i8U.S. household wealth increased in the second quarter to yet another record, driven by solid gains in financial assets and rising property values, figures from the Federal Reserve in Washington showed Thursday.

Free Market v. Socialism's Pawn -- Box Office Sinks to Historic August Slump

empty movie theater getty 640x480(Breitbart) Box office revenue this weekend is expected to hit a 15-year low — thanks to an August schedule devoid of any must-see films, theater closures in Texas in response to Hurricane Harvey, and Saturday’s much-hyped Floyd Mayweather vs. Conor McGregor pay-per-view fight.


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