Big waves open floodgates

Here is what you need to know.

Trump made a huge move that could blow up Obamacare. President Donald Trump announced Thursday evening that he will end the Obamacare cost-sharing reduction payments, a move that could wreck the law’s individual insurance exchanges and send healthcare costs soaring for many Americans.

China’s trade surplus narrows. Imports grew by 18.7% year-over-year in US dollar terms while exports climbed 8.1%, causing China’s trade surplus to narrow to $28.47 billion in September from $41.99 billion in August.

Stock traders should fear Friday the 13th — especially in October. The S&P 500 has fallen 0.54%, on average, during the 12 stock market sessions that have fallen on Friday the 13th in October, data compiled by LPL Financial’s Ryan Detrick shows.

Snap hits a three month high. Shares rallied 3.35% to $16.51 on Thursday, making for their best close since July 10.

Samsung’s CEO steps down. The surprising resignation of Samsung Chairman and CEO Kwon Oh-hyun comes at a time when he was expected to take on a bigger role following the jailing of group scion Jay Y. Lee, Reuters says.

Kobe Steel will pay back its customers. The …read more

Source:: Businessinsider – Finance

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