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Business News

Wall Street little changed as bond yields inch higher

(Reuters) - Wall Street's three major indexes struggled for direction on Monday as Treasury yields inched up to levels that have spooked investors in recent months. ...

U.S. extends deadline for Rusal sanctions, aluminum prices dive

WASHINGTON/MOSCOW (Reuters) - The United States on Monday gave American customers of Russia's biggest aluminum producer more time to comply with sanctions, and said it would consider lifting them i...

EU seeks to join U.S.-China steel dispute at WTO

BRUSSELS (Reuters) - The European Union asked on Monday to join a dispute brought by China to the World Trade Organization over U.S. import tariffs on steel and aluminum, just over a week before U....

Hasbro blames Toys 'R' Us for poor first quarter

(Reuters) - Hasbro Inc reported worse than expected results for the first quarter on Monday, blaming the bankruptcy of Toys 'R' Us for a slide in revenue but also promising the worst would be over...

High-profile investors bet on stocks tied to millennials: Sohn Conference

NEW YORK (Reuters) - Hedge fund managers at the high-profile 2018 Sohn Investment Conference in New York pitched stock ideas on Monday, ranging from online food ordering to homebuilders, that shoul...

Wells Fargo CEO's pay details spark pushback by some employees

WASHINGTON/BOSTON (Reuters) - Wells Fargo & Co's disclosure of how its chief executive's pay compares to the rest of its workforce has drawn criticism from some company employees ahead of the scan...

Trump's revenge: U.S. oil floods Europe, hurting OPEC and Russia

MOSCOW/LONDON (Reuters) - As OPEC's efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits - and flooding Europe with a record amount of crude. ...

U.S. home sales increase strongly; inventory remains tight

WASHINGTON (Reuters) - U.S. home sales increased for a second straight month in March amid a rebound in activity in the Northeast and Midwest regions, but a dearth of houses on the market and highe...

Pier 1 shares slump to eight-year low after analyst warning

SAN FRANCISCO (Reuters) - Pier 1 Imports Inc's stock plunged to its lowest level since 2009 on Monday after an analyst recommended investors avoid the shares until the furniture and home decoratio...

Newell, Starboard end proxy fight with Icahn's backing

(Reuters) - Consumer products maker Newell Brands Inc and hedge fund Starboard Value LP have agreed to end a months-long proxy fight through a deal brokered by fellow activist investor Carl Icahn ...

Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

CNN Money

Angry shareholders and protesters are ready to unload on Wells Fargo

Mon, Apr 23, 2018

Wells Fargo is bracing for another hostile crowd at its annual shareholder meeting where activists are organizing protests and investors are pushing efforts to rein in the bank....

Why everyone is stressing about the 10-year Treasury yield

Mon, Apr 23, 2018

Read full story for latest details....

India's top tech company is worth $100 billion

Mon, Apr 23, 2018

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Toys 'R' Us liquidation kills Hasbro sales

Mon, Apr 23, 2018

Read full story for latest details....

Chinese investor just cut its Deutsche Bank stake

Mon, Apr 23, 2018

HNA Group, which is seeking to raise funds to deal with heavy debts, has trimmed its stake in Germany's biggest lender again....

Top auto boss: Global carmakers unlikely to go it alone in China

Fri, Apr 20, 2018

Read full story for latest details....

Mark Zuckerberg survived Congress. Now he has to face Wall Street

Sun, Apr 22, 2018

Facebook's CEO must confront a group that could actually punish his company in the short-term: investors....

Surging oil prices rattle President Trump

Fri, Apr 20, 2018

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Apple sinks on fears of slowing iPhone sales

Fri, Apr 20, 2018

Shares of Apple fell more than 3% Friday and are down for the whole week too. Worries of soft demand for iPhones --particularly the iPhone X -- hit chip stocks hard too. But Amazon, Netflix and other big techs are still up for the week....

Has GE finally turned a corner?

Fri, Apr 20, 2018

Read full story for latest details....