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Low U.S. inflation? It's your phone: BlackRock bond manager

Americans' love of their smartphones and apps may be contributing to the sluggish pace of inflation that is worrying Wall Street and the Federal Reserve, a top bond manager at BlackRock, the world's biggest asset manager, said on Wednesday.

Startup Cybereason raises $100 million from SoftBank

Cybereason said on Wednesday it received $100 million in investment from its biggest investor SoftBank Corp, as the cybersecurity-focused startup looks to develop new technologies and increase distribution channels.

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Senate Republicans unveil Obamacare replacement bill, but fate uncertain

WASHINGTON U.S. Senate Republicans on Thursday unveiled legislation that would replace Obamacare with a plan that scales back aid to the poor and kills a tax on the wealthy, but the bill's fate was quickly thrown into question as several senators voiced skepticism. | Video