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31m Updated U.S. inflation path since 2012 is worrisome, policymaker says
Reuters
TOKYO (Reuters) - The current level of U.S. prices is noticeably lower than what it would be if the Federal Reserve had delivered on its 2-percent inflation target, St. Louis Federal Reserve President James Bullard said, calling the trend "worrisome."
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EUR 1,12 +0,178%
CHF 1,03 +0,389%
38m Early vote shows tight race in bellwether Montana congressional race
Market Watch
Democrat Rob Quist, a folk singer and songwriter who wears a trademark Stetson hat, held the early lead Thursday night in a special congressional election in Montana in which the Republican candidate, Greg Gianforte, became embroiled in a last-minute tempest over his alleged assault of a newspaper reporter.
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OPEC agrees to extend oil production cuts1h 31m Updated OPEC agrees to extend oil production cuts
USA Today
The cartel is seeking to regain market power amid a surge of U.S. shale output.
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How I became a political commentator: Jessica Tarlov1h 47m How I became a political commentator: Jessica Tarlov
USA Today
Jessica Tarlov says to know your worth -- and ask for it.
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1h 49m Updated Memorial Day Weekend is No. 1 for fatal traffic accidents
Market Watch
This weekend, traffic could hit a new high.
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1h 50m Updated The lower your self-esteem, the higher your credit card fees
Market Watch
New research says platinum credit cards are more popular than those with identical benefits.
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1h 50m Updated Costco versus Amazon Prime — which membership offers more value?
Market Watch
Preferences for one over the other tend to vary with age.
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1h 50m Updated Where do you get better deals — Costco or Amazon?
Market Watch
Sometimes it’s important to see and feel the product in person.
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1h 52m Read this before jumping into a swimming pool this summer
Market Watch
The Centers for Disease Control and Prevention has issued a warning about recreational water.
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1h 52m Updated Eating chocolate may be good for your heart (and your relationship)
Market Watch
This research looked at the eating habits and cardiovascular histories of 55,500 people.
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2h Oil remains weak after OPEC-led output cut extension falls below expectations
Reuters
SINGAPORE (Reuters) - Oil markets remained weak on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs.
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Lawsuit alleges GM rigged diesel pickups to pollute2h Lawsuit alleges GM rigged diesel pickups to pollute
USA Today
DETA lawsuit was filed Thursday in federal district court in Detroit, accuses General Motors trying to circumvent pollution control devices in diesel-powered heavy-duty pickups, echoing similar claims against Volkswagen and Fiat Chrysler Automobiles
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2h Oil languishes after OPEC fails to deepen supply cuts, Asia stocks retreat
Reuters
SINGAPORE (Reuters) - Crude prices remained subdued early on Friday after an agreement by OPEC to extend existing supply curbs disappointed many who had hoped for larger cuts.
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Mark Zuckerberg has a Harvard degree and a mission: create a sense of purpose2h Mark Zuckerberg has a Harvard degree and a mission: create a sense of purpose
USA Today
Facebook CEO says 'it's time for our generation to define a new social contract.'
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2h MarketWatch First Take: Nutanix spikes as bigger customers sign on to hybrid cloud
Market Watch
Nutanix Inc. enjoyed a strong quarter of sales growth fueled by an increased number of big-name corporate customers buying into its hybrid-cloud strategy, regaining some of its credence with investors.
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Mark Zuckerberg tells Harvard grads: we need a new social contract 3h Mark Zuckerberg tells Harvard grads: we need a new social contract
USA Today
Facebook CEO tells millennials to create a world where everyone has a sense of purpose.
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Amazon opens first brick and mortar New York bookshop4h Amazon opens first brick and mortar New York bookshop
USA Today
Online retail giant Amazon opens its first bricks and mortar bookstore in New York, selling a limited range of its highest-rated books and allowing customers to browse, as in times gone by. Video provided by AFP
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4h Updated 40 travel companies ask Trump not to reinstate Cuba travel restrictions
Market Watch
The president has threatened to roll back trade agreements made by Barack Obama.
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Mark Zuckerberg to Harvard grads: Create world where everyone has sense of purpose4h Updated Mark Zuckerberg to Harvard grads: Create world where everyone has sense of purpose
USA Today
Facebook CEO calls for new social contract that embraces equal opportunity.
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4h Fred Wilson throws a little cold water on bitcoin enthusiasts
CNBC
Despite all the excitement around digital currencies, venture capitalist Fred Wilson said it will probably take much longer for bitcoin to go mainstream.
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This is Mark Zuckerberg’s advice to Harvard’s graduation class5h This is Mark Zuckerberg’s advice to Harvard’s graduation class
USA Today
Mark Zuckerberg was the commencement speak for Harvard’s 2017 graduation, and he doled out some advice to the graduates.
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5h Mutual Funds Weekly: Avoid these trading and investing traps
Market Watch
Stubbornness, overconfidence, and other trading and ego traps can have painful consequences for investors.
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5h Wall Street hits record highs, helped by consumer stocks
Reuters
NEW YORK (Reuters) - The S&P 500 and Nasdaq hit record closing highs on Thursday, with the market propped up by gains in the consumer discretionary sector after strong reports from Best Buy and other retailers.
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5h Updated 16 energy stocks that company executives love, regardless of what OPEC does
Market Watch
Insiders at certain oil companies have been buying shares all year long, writes Michael Brush.
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5h Updated The Moneyologist: My ex-husband asked our sons to pay off his life insurance policy — contrary to our divorce decree
Market Watch
This woman wonders whether her ex-husband has violated the terms of their divorce decree.
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5h Popina on an ETF’s Boom in Price, Plunge in Assets (Audio)
Bloomberg
(Bloomberg) -- Bloomberg’s Elena Popina discusses an unusual situation where an ETF’s share price is soaring, even as its assets dwindle. It’s the iShares MSCI Mexico Capped ETF (tickers: EWW, IEMG). This is a daily ETF podcast from Bloomberg’s Catherine Cowdery.
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5h Beer Goggles: Anheuser-Busch, Molson Coors and other big brewers will be filling your Memorial Day craft beer cooler
Market Watch
Multinational brewers are flexing their muscles after buying up dozens of craft companies, writes Jason Notte.
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5h Updated The Tell: Wall Street laughed at a call for bitcoin at $25,000—but after a 400% surge, the laughter is fading
Market Watch
As the digital currency, bitcoin, has surged a breathtaking 400% over the past year, Wall Street may be apt to take Yves Lamoureux’s call a little more seriously. At least, that is the hope of the 54-year-old former retail broker and trader who established what he describes as macroeconomic research firm, Lamoureux & Co., about four years ago.
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5h Market Extra: Here’s a lesson OPEC could learn from soybean farmers
Market Watch
U.S. soybean growers could tell OPEC oil ministers a thing or two about the dangers of ceding market share.
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5h Bond Report: Treasury yields edge lower as crude plunges in wake of OPEC meeting
Market Watch
Treasury yields edged lower as oil prices slump despite an agreement by the Organization of the Petroleum Exporting Countries and its allies to extend production cuts.
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5h These two airlines are benefiting handsomely from United’s woes
Market Watch
The airline’s approval rating ‘bottomed out,’ YouGov BrandIndex said.
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6h Updated Read this before jumping into a public swimming pool this summer
Market Watch
The Centers for Disease Control and Prevention has issued a warning about recreational water.
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6h Updated Currencies: U.S. dollar rises against commodity currencies after OPEC agreement
Market Watch
The U.S. dollar was slightly lower on Thursday, though it rose against so-called commodity currencies as crude oil prices fell following an OPEC deal to extend oil-production cuts.
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6h Trump proposal would allow the government to track, hack and destroy drones
Market Watch
The Trump administration wants to allow the federal government to track, hack and destroy drones flying in the U.S.
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Feds halt alleged student loan debt relief scam6h Updated Feds halt alleged student loan debt relief scam
USA Today
Strategic Student Solutions is accused of bilking at least $11M from consumers.
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Bill introduced to bring benefits to Uber drivers, other gig workers6h Bill introduced to bring benefits to Uber drivers, other gig workers
USA Today
Senators Mark Warner and Representative Suzan DelBene introduced the very first federal bill that deals specifically with gig workers. Veuer's Nick Cardona (@nickcardona93) has that story.
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6h Updated Money Brain: What you don’t know about investing can hurt you
Market Watch
These mental tricks can trip up even professional traders, writes Meir Statman.
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6h NewsWatch: 16 energy stocks that company executives love, regardless of what OPEC does
Market Watch
Insiders at certain oil companies have been buying shares all year long, writes Michael Brush.
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6h Market Snapshot: S&P 500, Nasdaq close at records as stock market extends win streak to a 6th day
Market Watch
The S&P 500 and Nasdaq Composite close at fresh records on Thursday as U.S. stocks advanced for a sixth straight session, thanks in part to big gains in shares of Best Buy after quarterly results.
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6h Updated The 21-year-old star of ‘Miss Saigon’ on skipping college and saving for retirement
Market Watch
Eva Noblezada is nominated for a Tony Award for her portrayal of Kim.
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6h Updated Baby boomer congressman: The way I paid for college is ‘very different from what we see today’
Market Watch
Rep. Scott Peters introduced a bill that he hopes will make life easier for today’s student loan borrowers
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6h Bitcoin plunges more than $300 after earlier hitting all-time high
CNBC
In another intraday jump of more than $300, bitcoin surged to a record. Then it rolled over.
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6h Big drop in U.S. oil stocks finally on the way, traders say
Reuters
NEW YORK (Reuters) - Oil traders and analysts are expecting large volumes of crude to draw from storage tanks across the United States in coming weeks, in what would be the most tangible sign of an inventory overhang reduction that has punished prices over the last two years.
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6h Viacom networks to return to Suddenlink customers
Reuters
NEW YORK (Reuters) - A number of Viacom Inc's networks, which include Nickelodeon, Comedy Central and MTV, will be available to Altice NV's Suddenlink subscribers more than two years after the cable provider dropped them in a carriage dispute, the companies said on Thursday.
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6h S&P 500 hits record high after upbeat retail results
Reuters
NEW YORK (Reuters) - The S&P 500 and Nasdaq hit record closing highs on Thursday, with the market propped up by gains in the consumer discretionary sector after strong reports from Best Buy and other retailers.
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6h After-hours buzz: COST, ULTA, GME & more
CNBC
These are the stocks posting the largest moves after the bell on Thursday: Costco, Ulta Beauty, GameStop & more.
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7h Donald Trump considers congestion pricing for American cities
The Economist
DONALD TRUMP made a splash during the American presidential campaign when he called for a trillion-dollar investment in infrastructure. But when he actually released his first major budget proposal this week, funds for roads and bridges hardly attracted notice. Though the document does lay out a target of $200bn in direct federal spending, to be augmented by private investments, it provides only $5bn in 2018. “President Trump’s campaign promises on infrastructure are crumbling faster than our roads and bridges,” said one senior Democrat. Yet tucked away in the proposal is one short paragraph that ought to intrigue the country’s city-dwellers, who overwhelmingly vote Democratic, as well as business travellers who often find themselves visiting American cities. In a paragraph titled “Incentivize Innovative Approaches to Congestion Mitigation”, there is a proposal to “provide valuable incentives for localities to think outside of the box in solving long-standing congestion challenges,” modeled after...
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This Logitech touch screen remote is a great home upgrade for under $1507h This Logitech touch screen remote is a great home upgrade for under $150
USA Today
Get your home entertainment in sync with an easy to use touch screen remote for under $150.
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Tell Alexa or Google Home to clean the floors, and this robot vacuum will obey7h Updated Tell Alexa or Google Home to clean the floors, and this robot vacuum will obey
USA Today
With Alexa or Google Home, this robot vacuum will follow voice commands
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7h Futures Movers: Oil drops nearly 5% as OPEC’s 9-month output-cut extension disappoints
Market Watch
Oil prices suffer a drop of nearly 5% Thursday, marking their lowest finish in a more than a week, as traders show disappointment with the OPEC deal.
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7h Market Extra: Short-changing bonds, snubbing the globe and other diversification mistakes to avoid
Market Watch
One of the most important mantras in finance — diversification — is also one of the hardest to adhere to, according to Charlie Bilello, director of research at Pension Partners LLC.
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7h Updated Oil plunges 5 percent on disappointment with OPEC cuts
Reuters
NEW YORK (Reuters) - Oil prices tumbled 5 percent on Thursday as the extension of output curbs by OPEC and other producing countries disappointed investors who had hoped for larger cuts, leading to the biggest daily percentage slide in crude prices since early March.
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7h Updated Best Buy is capitalizing on troubles at Sears and HHGregg in one particular category
Market Watch
Best Buy’s appliance sales were helped by troubles with Sears, as well as store closures from HHGregg, which has filed for bankruptcy
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7h Updated This is how Best Buy gets so many of its customers to come into its stores
Market Watch
Best Buy customers often take advantage of the buy-online-pickup-in-store option for a variety of reasons
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7h Wall Street hits records, helped by consumer stocks
Reuters
NEW YORK (Reuters) - The S&P 500 and Nasdaq hit record closing highs on Thursday, with the market propped up by gains in the consumer discretionary sector after strong reports from Best Buy and other retailers.
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How to save money to start your own business7h How to save money to start your own business
USA Today
When saving up to make the self-employment switch, don’t sell yourself short.
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Best Buy shares surge as turnaround moves result in higher online sales7h Updated Best Buy shares surge as turnaround moves result in higher online sales
USA Today
Best Buy's first quarter earnings fell on higher costs but sales rise on e-commerce business.
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7h The Wall Street Journal: U.S. appeals court refuses to reinstate Trump’s travel ban
Market Watch
A Virginia-based federal appeals court on Thursday rejected President Donald Trump’s request to reinstate his revised executive order on immigration.
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7h Updated As bitcoin prices soar, messaging app Kik launches cryptocurrency payment service
CNBC
Bitcoin and other so-called decentralized currencies are riding a fresh wave of interest.
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7h Trump Today: Trump Today: President doesn’t affirm mutual-defense pact in speech to NATO leaders
Market Watch
President Donald Trump told leaders of NATO member nations that their countries must pay their “fair share,” but did not explicitly endorse the alliance’s mutual defense pact during a speech in Brussels. Trump also ordered an investigation into leaks of sensitive information from U.S. government agencies, after British officials expressed outrage about leaks of material related to the bombing at a pop concert in Manchester, England.
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7h Key Words: Tonight’s the night to get your best sleep of the week, statistically speaking
Market Watch
Tonight’s the night. According to recent research, the single best night of the week in terms of sleep quality is.
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8h Updated OPEC, non-OPEC extend oil output cut by nine months to fight glut
Reuters
VIENNA (Reuters) - OPEC and non-members led by Russia decided on Thursday to extend cuts in oil output by nine months to March 2018 as they battle a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.
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8h Capitol Report: Greg Gianforte’s alleged assault shows politicians held to lower standard than CEOs
Market Watch
Commit an assault as a CEO and you are almost certain to get fired in disgrace. Do so as a politician and you might just live to fight — no pun intended — another day. That could be one of the lessons to emerge from Montana’s special election if controversial favorite Greg Gianforte wins.
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8h GM is accused in lawsuit of cheating on diesel truck emissions
Reuters
(Reuters) - General Motors Co was accused in a lawsuit on Thursday of rigging hundreds of thousands of diesel trucks with devices similar to those used by Volkswagen AG , to ensure they pass emissions tests.
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8h Updated Commodities Corner: Why oil is plunging even after OPEC extended its landmark output-cut deal
Market Watch
OPEC agreed to extend production cuts through the first quarter of next year, as many had expected, but in traders’ eyes that wasn’t enough.
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8h Wall Street gains on upbeat retail results
Reuters
NEW YORK (Reuters) - U.S. stocks rose on Thursday, with the S&P 500 and Nasdaq Composite hitting new highs, helped by gains in the consumer discretionary sector after strong reports from Best Buy and other retailers.
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Making a major purchase? Wait for Memorial Day8h Making a major purchase? Wait for Memorial Day
USA Today
Memorial Day is a prime time for deals on appliances, furniture, mattresses and other big-ticket items.
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8h Updated Where to sit in every MLB ballpark if you want to catch a home run
Market Watch
SeatGeek ran the numbers so you know where to sit the next time you go to a game.
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8h U.S. lawsuit accuses GM of cheating on diesel truck emissions
Reuters
(Reuters) - General Motors Co was accused in a lawsuit on Thursday of rigging hundreds of thousands of diesel trucks with devices similar to those used by Volkswagen AG , to ensure they pass emissions tests.
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8h Market Snapshot: S&P 500, Nasdaq set fresh records as stock market aims for 6-day win streak
Market Watch
The S&P 500 and Nasdaq Composite trade in record territory on Thursday as U.S. stocks advance for a sixth straight session, thanks in part to big gains in shares of Best Buy and HP after earnings reports.
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8h Updated Capitol Report: How Paul Ryan and other lawmakers responded after House candidate Gianforte was accused of ‘body slamming’ reporter
Market Watch
House Speaker Paul Ryan calls on a Montana Republican running in a special election for the House of Representatives to apologize after allegedly “body slamming” a reporter, but did not call on him to drop out of the race.
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8h Updated Bitcoin plunges more than $300, goes negative after earlier hitting all-time high
CNBC
In another intraday jump of more than $300, bitcoin surged to a record. Then it rolled over.
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8h Metals Stocks: Gold prices halt two-session skid as dollar stalls
Market Watch
Gold end higher Thursday, snapping back-to-back losses as a closely followed dollar index stalled.
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8h Updated Ballooning Chinese dollar borrowing a dilemma for index trackers
Reuters
LONDON/HONG KONG (Reuters) - Record-breaking dollar bond sales from Chinese companies are steadily increasing China's weight in global indexes, raising concerns about overexposure among investors who track them.
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8h Updated Mortgage rates swing below 4% as investors flee risky assets
Market Watch
Rates for home loans fell in the most recent week, following the benchmark Treasury note, as investors sought safe assets in the wake of more information about President Trump’s dealings with Russia.
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9h Capitol Report: Assaults spell the end for CEOs but not politicians like Gianforte
Market Watch
Commit an assault as a CEO and you are almost certain to get fired in disgrace. Do so as a politician and you might just live to fight — no pun intended — another day. That could be one of the lessons to emerge from Montana’s special election if controversial favorite Greg Gianforte wins.
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9h BlackRock to pay $1.25 billion over 20 years for New York headquarters
Reuters
NEW YORK (Reuters) - BlackRock Inc will initially pay about $60 per square foot in rent for its future headquarters in the Hudson Yards district on the far west side of midtown Manhattan, the company said in a filing on Thursday.
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Armour Eckrich Meats recalls sausages that might contain metal9h Updated Armour Eckrich Meats recalls sausages that might contain metal
USA Today
A Kansas food distributor has recalled nearly 100,000 pounds of sausage products that might contain metal.
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9h Updated Where the China Credit Crunch Could Really Bite
The Wall Street Journal
What Moody’s didn’t say this week is that China’s sovereign bailout of troubled state companies is in fact already well under way, with a little help from provincial governments.
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9h These two airlines are benefiting from United’s woes
Market Watch
The airline’s approval rating “bottomed out,” YouGov BrandIndex said.
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9h Updated The Latest Drug Pricing Threat: The FDA
The Wall Street Journal
FDA Commissioner Dr. Scott Gottlieb is the latest public official to signal a tougher environment for drug pricing.
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9h Updated Outside the Box: 4 tips for finding good charities that support veterans
Market Watch
While some veterans’ charities do squander donors’ dollars, others make the most of donations in meeting their mission
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9h Updated Rex Nutting: America’s most successful companies are killing the economy
Market Watch
Winner-take-all companies, including Alphabet and Wal-Mart, are driving down wages and destroying communities, writes Rex Nutting.
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9h These startups will help you make a down payment — by taking a stake in your house
Market Watch
New companies will offer down payment assistance in return for a share of equity in the home.
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T-Mobile is changing how you use your phone number9h T-Mobile is changing how you use your phone number
USA Today
T-Mobile’s Digits service launches on May 31 and it totally changes how you use your phone number.
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9h Updated Market Snapshot: S&P 500, Nasdaq in record territory as stock market aims for 6-day win streak
Market Watch
The S&P 500 and Nasdaq Composite trade in record territory on Thursday as U.S. stocks advance for a sixth straight session, thanks in part to big gains in shares of Best Buy and HP after earnings reports.
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Why your 401(k) can be a cash drain9h Updated Why your 401(k) can be a cash drain
USA Today
Putting too much money in your 401(k) can cause cash flow problems if unexpected expenses arise.
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9h OPEC, non-OPEC extend oil output cut by 9 months to fight glut
Reuters
VIENNA (Reuters) - OPEC and non-members led by Russia decided on Thursday to extend cuts in oil output by nine months to March 2018 as they battle a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.
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9h Bitcoin plunges $315 after surging to an all-time high above $2,700
CNBC
In another intraday jump of more than $300, bitcoin surged to a record. Then it rolled over.
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9h Retailers rebound to boost S&P, Nasdaq to record highs
Reuters
(Reuters) - U.S. stocks rose on Thursday, with the S&P 500 and Nasdaq Composite scaling new highs, buoyed by strong earnings reports from the embattled retailer sector.
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9h Updated The Tell: Did this not-safe-for-work internet sensation just signal a top in bitcoin?
Market Watch
Dan Bilzerian’s penchant for automatic weapons, high-stakes poker, fast women and faster cars has made him an internet sensation. Now you can add go ahead and bitcoin to his list.
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9h ETF Focus: Here’s how blindingly fast bitcoin has been surging
Market Watch
Bitcoin is up nearly 500% over the past 12 months, a sixfold rise, according to pricing site CoinDesk. Thus far in 2017, it is up 187%. Over just the past 10 days, it is up more than 60%.
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10h Updated MarketWatch First Take: HP boosted by double whammy of PC and printer growth
Market Watch
HP Inc. executives sounded the most optimistic since the separation from HP Enterprise, thanks in part to renewed growth in its printing business and its continued gains in the PC business, even as it raised prices due to rising memory costs.
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10h Updated Ride-hailing industry expected to grow eightfold to $285 billion by 2030
Market Watch
The large valuations of Uber Technologies Inc. and Lyft Inc. may be justified as analysts see the ride-hailing industry growing to $285 billion by 2030.
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Sears loss deepens as sales keep slipping 10h Updated Sears loss deepens as sales keep slipping
USA Today
Sears Holding (SHLD) continued to lose revenue and sales for yet another quarter. 
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10h Updated New Ford CEO relies on veterans to reboot profits
Reuters
BENGALURU/DETROIT (Reuters) - Ford Motor Co on Thursday reshuffled senior management and brought back a former executive from Uber Technologies Inc, signaling its new chief executive officer will rely on tested company veterans to turn Ford around rather than outside talent.
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10h Updated Lawsuit accuses GM of rigging diesel truck emissions
Reuters
(Reuters) - General Motors Co was accused in a lawsuit on Thursday of rigging hundreds of thousands of diesel trucks with devices similar to those used by Volkswagen AG , to ensure they pass required emissions tests.
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10h Oil plunges 4 percent on disappointment with OPEC cuts
Reuters
NEW YORK (Reuters) - Oil prices fell about 4 percent on Thursday, on track for their biggest daily drop in three weeks, after OPEC's decision to extend production curbs fell short of expectations of deeper or longer cuts.
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10h Trump budget could have big news for Fannie and Freddie
CNBC
Within the details of the $4.1 trillion spending plan is a change in language regarding Fannie Mae and Freddie Mac.
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In Uber echo, Lyft rolls out high-end rides10h In Uber echo, Lyft rolls out high-end rides
USA Today
The ride-hailing company launches Lyft Lux and Lyft SUV in five markets with 20 more to follow.
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Sanders: Rich get richer under Trump budget plan10h Sanders: Rich get richer under Trump budget plan
USA Today
Vermont Senator Bernie Sanders challenged President Donald Trump's proposed budget for next year, saying it slashes programs for needy Americans across the country, while giving massive tax breaks to the wealthy. (May 25)
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10h Futures Movers: Oil sinks to 1-week low as OPEC’s 9-month output-cut extension disappoints
Market Watch
Oil prices sink below $50 a barrel as traders show disappointment over an agreement by OPEC to extend an output accord by nine months.
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10h Netflix could hit 180 million international subscribers by 2020
Market Watch
Analysts at PiperJaffray, led by Michael Olson, believe that current estimates for Netflix’s international penetration and profitability are too low.
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10h Another study suggests chocolate is good for your heart
Market Watch
This research looked at the eating habits and cardiovascular histories of 55,500 people.
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10h Exclusive: Bankrupt Westinghouse ends pensions for ex-CEOs, executives
Reuters
WILMINGTON, Del (Reuters) - Bankrupt Westinghouse Electric Co LLC, the U.S. nuclear technology firm owned by Toshiba Corp , has stopped making pension payments to former executives, according to a letter seen by Reuters, removing a benefit that has helped the company retain top talent.
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10h Tim Mullaney: On Trumpcare, it’s time for women to prove they really do ‘govern better’
Market Watch
Three moderate Republican senators need to step up and prove they really are better at governing by stopping the Republican health-care bill, writes Tim Mullaney.
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11h Europe Markets: European stocks end lower, led by Petrofac’s 30% plunge
Market Watch
European stocks finish with a small loss Thursday, hampered by lower volume and a slide in oil prices following news the Organization of the Petroleum Exporting Countries will hold back from making deeper production cuts.
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11h Wilbur Ross seeks bigger budget for trade enforcement
Reuters
WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross said on Thursday that a $5.5 million increase requested for the agency's enforcement budget this year will have a "real impact" in cracking down on unfair trade practices and export security violations.
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11h Updated The smart way to fine-tune your portfolio
Market Watch
How much should you have in equities vs. bonds?
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11h The Tell: Did one of the internet’s biggest ‘stars’ just signal a top in bitcoin?
Market Watch
Dan Bilzerian’s penchant for automatic weapons, high-stakes poker, fast women and faster cars has made him an internet sensation. Now you can add go ahead and bitcoin to his list.
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11h NewsWatch: 9 signs the housing market will only get hotter in 2017
Market Watch
Just look at the data, says Jeff Reeves. The housing market has nowhere to go but up.
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The Census Bureau shows the fastest-growing cities in the U.S. are ...11h Updated The Census Bureau shows the fastest-growing cities in the U.S. are ...
USA Today
Cities in the South are growing at a faster rate than any other region in the United States, according to the U.S. Census Bureau.
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11h London Markets: FTSE 100 ends slightly higher, but energy shares curb gains after OPEC decision
Market Watch
After flipping between small gains and losses, U.K. stocks end slightly higher on Thursday as the impact from a weaker pound outweighs a drop for energy companies after the latest OPEC decision.
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11h Payless to try fending off creditor probe of owners with own review
Reuters
CHICAGO (Reuters) - Discount retailer Payless ShoeSource is investigating whether its leveraged buyout by private equity firms and the dividend payments they received led to its bankruptcy, according to court papers.
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Alphabet’s Waymo could be worth billions11h Alphabet’s Waymo could be worth billions
USA Today
Alphabet’s self-driving car unit, Waymo, could be worth $70 billion. That’s more than Ford, GM, and Tesla.
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11h Updated Best Buy beats on profit, sales; shares at 11-year high
Reuters
CHICAGO (Reuters) - Best Buy Co Inc reported an unexpected rise in first-quarter comparable sales and the No. 1 U.S. electronics retailer said it planned to save $600 million in costs by the end of fiscal 2021, sending shares to an 11-year high on Thursday.
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Uber got off to a slow start on driving diversity. Can it catch up?11h Updated Uber got off to a slow start on driving diversity. Can it catch up?
USA Today
The ride-hailing company is changing its tune and its tone on diversity.
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11h Updated OPEC extends oil output cut by nine months to fight glut
Reuters
VIENNA (Reuters) - OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018 as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.
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11h Here’s how easily hackers can copy your fingerprints
Market Watch
Biometrics can be less safe than you might think
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11h Rare retail bright spot boosts S&P, Nasdaq to records
Reuters
(Reuters) - The S&P 500 and Nasdaq Composite were in record territory in late morning trading on Thursday, buoyed by strong earnings from the embattled retailer sector.
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12h Updated Jobless claims edge up; goods trade deficit widens
Reuters
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose slightly last week and the four-week moving average of claims hit a 44-year low, suggesting a further tightening of the labor market that could encourage the Federal Reserve to raise interest rates next month.
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12h Bitcoin surges 12% to all-time high above $2,700; has now doubled in May
CNBC
Bitcoin jumped more than 12 percent to an all-time high of $2,791.70, more than twice its April 30 price of $1,347.96.
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12h Updated Deep Dive: At these three restaurant companies, the stock is the main course
Market Watch
Unlike 54 competitors, they have increased sales per share by double digits while improving profit margins.
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12h Updated Deep Dive: 20 big winners in the S&P 500 this earnings season
Market Watch
These companies posted the largest sales increases while also expanding profit margins.
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Best Buy earnings beat estimates on higher online sales12h Updated Best Buy earnings beat estimates on higher online sales
USA Today
Best Buy's first quarter earnings fell on higher costs but sales rise on e-commerce business.
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12h Futures Movers: Oil falls below $51 as OPEC’s 9-month output-cut extension disappoints
Market Watch
Oil prices recoup some of their earlier losses Thursday as traders assess an agreement by OPEC to extend an output accord by nine months, but stopped short of taking on deeper production cuts.
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12h The Wall Street Journal: Google tries again in China using AlphaGo event that targets the young
Market Watch
A friendly game of Go in the picturesque city of Wuzhen this week has given Google an opening to return to China’s good graces, seven years after it left the country over government censorship of its namesake search engine and hacks of its Gmail service.
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12h U.S. Treasury sees business taxes as fruitful ground for bipartisan deal
Reuters
WASHINGTON (Reuters) - The Trump administration is particularly hopeful it can reach a bipartisan tax deal when it comes overhauling laws for business taxes, Treasury Secretary Steven Mnuchin said on Thursday.
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Despite recent controversies, more people will fly this summer12h Updated Despite recent controversies, more people will fly this summer
USA Today
With a laptop ban on the table and a stockpile of airline-passenger scandals, you would think less people would fly this summer, but ticket sales are actually booming.
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12h Netflix still gets booed at Cannes
The Economist
THE rise of Netflix has been greeted frostily by some of the old guard at the Cannes film festival, where the American streaming giant’s disregard for releasing films in cinemas wins it few friends. It looked a bit more at home on May 21st, as the lights went up at the Louis Lumière theatre. The stars of its own film, “The Meyerowitz Stories (New and Selected)”, a comedy drama, accepted a standing ovation from the audience. Ted Sarandos, Netflix’s head of content, stood alongside Dustin Hoffman, Ben Stiller and other cast members. Festival-goers jostled for a word with him at a swanky after-party. This is the first year that Netflix has been admitted into the festival’s competition, with two films, “The Meyerowitz Stories” and “Okja”, directed by Bong Joon-ho of South Korea. Still, cries of protest from French film-industry executives prompted Thierry Frémaux, the festival director, to declare that, in future, only films guaranteed a theatrical release in...
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12h Why companies in the chemicals industry are mixing
The Economist
AS SPRING arrives, the hills of Languedoc in southern France turn green with the leaves of grapevines. This is helped along by chemicals—lots of them, confides a winemaker based near the town of Thuir in the Pyrenees. In their absence, vineyards would need natural fertilisers and to be weeded by hand, both costly. French farmers use more chemicals than anyone else in Europe: 65,000 tonnes of pesticides alone each year. Even the smallest of vine-growers has an interest in a series of takeovers proposed between their chemicals suppliers. After a decade without any big deals, since 2015 three mega-mergers, collectively worth around $240bn, have been proposed. When they were first announced, many doubted that regulators would allow the mergers because of competition worries. If all three proceed, as now seems likely, four companies will produce 70% of the world’s pesticides instead of six today. The first mega-merger, announced in December 2015, was between Dow Chemical and...
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12h Machine-learning promises to shake up large swathes of finance
The Economist
MACHINE-LEARNING is beginning to shake up finance. A subset of artificial intelligence (AI) that excels at finding patterns and making predictions, it used to be the preserve of technology firms. The financial industry has jumped on the bandwagon. To cite just a few examples, “heads of machine-learning” can be found at PwC, a consultancy and auditing firm, at JP Morgan Chase, a large bank, and at Man GLG, a hedge-fund manager. From 2019, anyone seeking to become a “chartered financial analyst”, a sought-after distinction in the industry, will need AI expertise to pass his exams. Despite the scepticism of many, including, surprisingly, some “quant” hedge funds that specialise in algorithm-based trading, machine-learning is poised to have a big impact. Innovative fintech firms and a few nimble incumbents have started applying the technique to everything from fraud protection to finding new trading strategies—promising to up-end not just the humdrum drudgery of the back-office,...
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12h A trade deal between the EU and east Africa is in trouble
The Economist
THE winds that waft along the Swahili coast change direction with the seasons, a boon to traders in times past. Shifts in the political winds are harder to predict. Last July a proposed trade deal between five countries of the East African Community (EAC) and the EU was thrown into disarray when Tanzania backed out at the last minute. An EAC summit, scheduled for months ago, was meant to find a way forward. Held at last on May 20th in Dar es Salaam, after many postponements, only two presidents showed up. The deal is in the doldrums. The pact is one of seven “Economic Partnership Agreements” (EPAs) the EU wants to sign with regional groups in Africa, the Caribbean and the Pacific. The first was agreed with the Caribbean in 2008; southern Africa followed suit last year. But progress in west Africa has also stalled, with Nigeria raising objections. The EPAs were promoted as a new breed of trade deal, and...
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12h A new code aims to clean up the foreign-exchange market
The Economist
FINANCIAL-MARKET traders have earned a pretty shocking reputation in recent years. From manipulating LIBOR, a benchmark interest rate, to rigging the daily fix of foreign-exchange (FX) rates, traders have shown themselves ready not just to stretch the rules, but to collude in outright illegality. A global code of conduct for the FX market, unveiled on May 25th, aims to put things on a sounder footing. Drawn up over the past two years by a coalition of central bankers, known as the FX Working Group (FXWG), and supported by a panel of industry participants, the code’s 55 principles lay down international standards on a range of practices, from the handling of confidential information to the pricing and settlement of deals. Such standards seem long overdue in the massive FX market. Roughly $5trn is traded every day (see chart). Many companies, pension funds and money managers depend on banks to hedge their exposure to currency fluctuations. Yet in the past traders colluded with one another...
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12h How becoming a Hong Kong pensioner can save you tax
The Economist
THE global war on tax evasion rumbles on. What began as an American onslaught, with the Foreign Account Tax Compliance Act (FATCA) of 2010, has been joined by more than 100 countries through an initiative called the Common Reporting Standard (CRS). Under this, governments will exchange tax information on their financial firms’ clients on a regular, “automatic” basis, without having to be asked for it, starting this year. Holdouts such as Panama, the Bahamas and Lebanon have, one by one, been frogmarched into line. But tax-dodgers and their advisers are enterprising sorts, eager to clamber through the smallest loophole—and gaps in the CRS there are. One involves becoming a pensioner in Hong Kong. The territory, home to a big financial centre, has a type of pension known as an ORS (for Occupational Retirement Scheme). The beauty of ORS from a tax evader’s point of view is that anyone can get one and they are not...
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12h One bitcoin is worth twice as much as an ounce of gold
The Economist
Fans of bitcoin, a crypto-currency, have long called it digital gold. Now this sounds like an insult: continuing its stellar rise, and adding more than 30% to its value in just a week, one bitcoin is worth more than $2,600, over twice as much as an ounce of gold. As went to press all bitcoins in circulation were worth over $43bn. A sum of $1,000 invested in bitcoins in 2010 would now be worth nearly $36m. Other crypto-currencies are also marching upward: together this week they were worth $87bn. But if the history of gold is any guide, what goes up will come down—and then go up again.
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12h What the German economic model can teach Emmanuel Macron
The Economist
IT IS heartening that the euro area has a knack for surviving near-fatal crises. Yet confidence in the durability of the single currency might be stronger if it suffered fewer of them. Europe dodged its latest bullet on May 7th in France, when Emmanuel Macron, a liberal-minded (by local standards) upstart centrist, defeated Marine Le Pen for the presidency. Even so, an avowed nationalist and Eurosceptic captured 34% of the vote, leaving Mr Macron with five years to assuage widespread frustration with the economic status quo. An obvious model lies just across the Rhine, where the unemployment rate—below 4%, down from over 11% in 2005—is testimony to the potential for swift, dramatic change. Yet Germany’s performance will not be easy to duplicate. It would be unfair to call France the sick man of Europe; half the continent is wheezing or limping. Yet there is certainly room for French improvement. Real output per person has barely risen in the past decade. Government spending stands at 57% of GDP, outstripping the tax take; France’s budget deficit, at 3.4% of GDP, is among the largest in the euro area’s core. The biggest worry, however, is the labour market. The unemployment rate, now 10.1%, is stubbornly high. Nearly a quarter of French young adults are unemployed. Worklessness, especially among young people, is a source of rising social tension and a...
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12h Masayoshi Son and Saudi Arabia launch a monster technology fund
The Economist
“I HAVEN’T accomplished anything I can be proud of in my 60 years on Earth,” Masayoshi Son, the boss of SoftBank, a Japanese telecoms group, recently confided. Now he has enough money to make a dent in the universe: on May 20th SoftBank and Saudi Arabia’s Public Investment Fund (PIF), along with smaller investors including Apple and Sharp, launched the world’s largest technology-investment fund, worth nearly $100bn. How will Mr Son and his team deploy these riches? He has a vision to match his vehicle. Within 30 years, he predicts, the world will be populated by billions of robots, many of them more intelligent than humans. Several of SoftBank’s recent acquisitions, most of which are expected to be part of the fund’s portfolio, should be seen in this light. ARM, a British chip firm acquired for a whopping $32bn last year, will design the brains for the robots. OneWeb, a satellite startup in which SoftBank acquired a 40% stake for $1bn in December, will connect them. Nvidia,...
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12h The market for rare trainers
The Economist
WHEN Marty McFly donned his self-lacing Nike trainers in the distant future of 2015, he really should have kept them in the box. Almost 30 years on from “Back to the Future II”, Nike’s real-life version, released in 2016, is the most expensive training shoe on the planet, with an average resale price of $32,275. These rarest of shoes (only 89 pairs were made) are at the apex of a resale market that has been carefully nurtured by Nike and other trainer titans since the late 1980s. Every Saturday morning across America, queues of “sneakerheads” form outside trainer shops. Many are adding to their hundred-pair collections, but the rest are seeking shoes to sell in the secondary market. As brands try to strike a balance between generating instant revenue and restricting supply (which creates demand, and more revenue later), the secondary trade thrives. In America it is worth an estimated $1.5bn a year, a tenth of the trainer...
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12h Noble Group, a big Asian commodities trader, is teetering
The Economist
THE difficulties facing Noble Group, a beleaguered Hong Kong commodities trader, are multiplying. On May 23rd the firm was forced to suspend trading of its shares in Singapore after their value slumped by more than 28% in half an hour. The panicked selling came after S&P Global, a ratings agency, warned that Noble was at risk of defaulting on large debt repayments that are due within the next 12 months. Investors were also rattled by reports from Reuters and the suggesting that Sinochem, a Chinese conglomerate at one time tipped to take a stake in Noble, had lost interest in a deal. Founded in 1986 by Richard Elman, a former scrap-metal merchant from London, Noble grew from an initial investment of $100,000 to be worth more than $10bn at its peak in 2010. But investors took fright in 2015 when a previously unknown group called Iceberg Research began publishing reports questioning Noble’s accounting practices (Noble has vigorously defended its...
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12h Is efficient-market theory becoming more efficient?
The Economist
BUILD a better mousetrap, the saying goes, and the world will beat a path to your door. Find a way to beat the stockmarket and they will construct a high-speed railway. As investors try to achieve this goal, they draw on the work of academics. But in doing so, they are both changing the markets and the way academics understand them. The idea that financial markets are “efficient” became widespread among academics in the 1960s and 1970s. The hypothesis stated that all information relevant to an asset’s value would instantly be reflected in the price; little point, therefore, in trading on the basis of such data. What would move the price would be future information (news) which, by definition, could not be known in advance. Share prices would follow a “random walk”. Indeed, a book called “A Random Walk Down Wall Street” became a bestseller. The idea helped inspire the creation of index-trackers—funds that simply buy all the shares in a benchmark like the S&P...
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12h Anthem battle behind it, Cigna gives stock to 40,000 workers
Reuters
NEW YORK (Reuters) - Cigna Corp , which recently won court approval to break off its failed deal with Anthem Inc , on Thursday said it would give its more than 40,000 employees five Cigna shares each and expand its paid leave, as it embarks on its next phase of growth.
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12h Market Snapshot: S&P 500, Nasdaq hit records as stock market aims for 6-day win streak
Market Watch
The S&P 500 and Nasdaq Composite trade in record territory on Thursday as U.S. stocks advance for a sixth straight session, thanks in part to big gains in shares of Best Buy and HP after earnings reports.
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13h Updated Robert Powell: How to find out what your broker is charging you
Market Watch
Brokers are starting to disclose certain account and service fees in uniform manner, but more is needed.
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13h Prosecutors investigate Bosch employees in Daimler probe: Handelsblatt
Reuters
FRANKFURT (Reuters) - German prosecutors who searched Daimler's offices this week as part of a probe into diesel pollution are also investigating employees at automotive supplier Bosch [ROBG.UL], daily Handelsblatt reported, citing the prosecutor's office.
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13h Most Americans have no clue when it comes to financial decisions
Market Watch
Americans’ knowledge of personal finance is low even among people who have already made important financial decisions.
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13h Updated 5 ways to help a friend or family member with dementia
Market Watch
There’s a lot that can be done to break negative and avoidant behaviors that impede quality of life for those with dementia.
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13h Updated As down-payment needs swell, these companies step in to help — in exchange for a small stake
Market Watch
New companies will offer down payment assistance in return for a share of equity in the home.
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Removed from the land before, Ponca nation vows to protect the Earth from Keystone XL13h Removed from the land before, Ponca nation vows to protect the Earth from Keystone XL
USA Today
Unlikely allies find common ground in opposition to Keystone XL pipeline that will bring tar sands oil from Canada to Texas.
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4 simple ways to pay off your mortgage early13h 4 simple ways to pay off your mortgage early
USA Today
Imagine how wonderful it would feel to have no monthly house payment. What could you do with all that extra money every month?
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13h Updated Need to Know: Bitcoin $3,000? Ex-fugitive cybersecurity legend sees ‘enormous momentum’
Market Watch
The story that just won’t go away is bitcoin. And the latest run has many chattering that the cybercurrency’s epic run is far from over. And a once-fugitive tech name is the latest to climb aboard.
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Alphabet’s Waymo could be worth $70 billion13h Alphabet’s Waymo could be worth $70 billion
USA Today
Alphabet’s self-driving car unit, Waymo, could be worth $70 billion. That’s more than Ford, GM, and Tesla.
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13h How to avoid being replaced by a robot
Market Watch
Technology doesn’t just eliminate jobs, it also creates them. Here’s how to stay relevant.
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13h Updated How to launch your own beer brand for $5,000
Market Watch
Starting a craft brewery is pricey. Here’s what you need to know about a lower-cost alternative: contract brewing.
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Never run out of USB ports again with this $5 Amazon lightning deal13h Never run out of USB ports again with this $5 Amazon lightning deal
USA Today
This Sabrent 4-port USB hub is a serious savior for the tech gadget lover, and right now it's a super cheap Amazon lightning deal.
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13h Key Words: Newt Gingrich: Media on Trump’s overseas trip fail to spot a ‘titanic’ shift in U.S. policy
Market Watch
The Trump team is trashing the media again, with former House Speaker Newt Gingrich firing off a zinger.
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13h Market Snapshot: S&P 500, Nasdaq hit records as stocks aim to extend gains to a 6th day
Market Watch
The S&P 500 and Nasdaq Composite trade in record territory on Thursday as U.S. stocks advance for a sixth straight session, thanks in part to big gains in shares of Best Buy and HP after earnings reports.
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13h Bitcoin surges 11% to all-time high above $2,700; Has now doubled in May
CNBC
Bitcoin rose more than 11 percent to an all-time high of $2,776.63, more than twice its April 30 price of $1,347.96.
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13h S&P, Nasdaq open at record levels after Fed minutes
Reuters
(Reuters) - The S&P 500 and Nasdaq Composite opened at record highs on Thursday after minutes of the Federal Reserve's latest meeting showed policymakers expected the economy to pick up momentum.
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13h Updated Tesla factory has had higher injury rate than industry average, study finds
Market Watch
A report issued Wednesday by a California nonprofit claims that Tesla Inc. factory workers are injured at a higher rate than the industry average, and spend nearly twice as many days away from duty than the norm.
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13h Updated Sick of renting? 5 signs you’re ready to buy a home
Market Watch
Is it better to rent or buy? Here are five signs you’re ready to be a homeowner.
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13h The Wall Street Journal: BlackRock, Vanguard mull pressuring Exxon to disclose risk of climate change
Market Watch
Two of the world’s largest asset managers are strongly considering a public rebuke to Exxon Mobil Corp. over climate change at the company’s annual meeting next week, according to people familiar with the matter.
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Reports: OPEC agrees to extend oil production cuts13h Updated Reports: OPEC agrees to extend oil production cuts
USA Today
The cartel is seeking to regain market power amid a surge of U.S. shale output.
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OPEC reportedly agrees 9 month extension to production cuts13h OPEC reportedly agrees 9 month extension to production cuts
USA Today
Global oil prices turned sharply lower Thursday, reversing solid early gains, after Saudi Arabia's Oil Minister appeared to rule out deeper production cuts as ministers from the OPEC cartel meet in Vienna to hammer-out a deal on the extension a prior agreement that have kept 1.8 million barrels of oil each from the market each day.
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13h Economic Report: U.S. trade gap widens in April, raising doubt for Q2 GDP rebound
Market Watch
The trade deficit for goods deteriorated in April and inventories sank, suggesting that an expected economic rebound in the second quarter may not be as robust as thought.
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13h Sears posts quarterly profit on Craftsman sale, cost cuts
Reuters
(Reuters) - Sears Holdings Corp reported its first quarterly profit in nearly two years, as the retailer benefited from the sale of its Craftsman brand and a program to cut $1.25 billion in costs, amid doubts about its ability to continue as a going concern.
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13h Bond Report: Treasury yields budge up above 2.25% after OPEC meeting
Market Watch
Treasury yields fell after a meeting of the Organization of the Petroleum Exporting Countries showed members had agreed on a 9-month extension to its production cuts.
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13h The Wall Street Journal: EU’s Tusk: No common position with Trump on Russia
Market Watch
European Council President Donald Tusk met U.S. President Donald Trump on Thursday and said there are differences between Brussels and Washington on a number of issues, including their views on Russia.
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14h Metals Stocks: Gold attempts rebound after back-to-back declines
Market Watch
Gold tipped higher Thursday, on track to snap back-to-back losses as a closely followed dollar index stalled. But gains could be limited in the lead up to what’s widely expected to be another Federal Reserve interest-rate hike next month.
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14h Updated Lack of new launches leaves Ford playing catchup with GM
Reuters
DETROIT (Reuters) - James Hackett spent the last year plotting Ford Motor Co's long-term self-driving car strategy. In his first week as chief executive, he has more immediate concerns: stopping a skid in North American sales and fending off a market share grab by resurgent archrival General Motors Co.
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14h BlackRock CEO Larry Fink says global growth accelerating
Reuters
(Reuters) - BlackRock Inc Chief Executive Officer Larry Fink said global growth was accelerating and that corporate earnings were keeping pace with higher stock prices.
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14h Updated Most sunscreen products don’t actually work
Market Watch
Watch out for overly high (or low) SPF values and read the list of ingredients closely.
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87% of Americans are ignoring this warning14h 87% of Americans are ignoring this warning
USA Today
You probably know less about this trillion-dollar market than you think…
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14h NewsWatch: Bitcoin $3,000? Ex-fugitive cybersecurity legend sees ‘enormous momentum’
Market Watch
The story that just won’t go away is bitcoin. And the latest run has many chattering that the cybercurrency’s epic run is far from over. And a once-fugitive tech name is the latest to climb aboard.
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Picking up the financial pieces after a divorce14h Picking up the financial pieces after a divorce
USA Today
Heather Monahan's divorce left her in the worst financial position she's ever faced as an adult. Here’s how she got back up on her feet.
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14h Updated Economic Report: U.S. trade deficit in goods widened in April
Market Watch
American’s goods trade deficit widened in April as exports slipped and imports rose, advanced data issued by the Commerce Department showed Thursday.
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14h Economic Report: Low jobless claims look like rerun of early 1970s
Market Watch
The number of Americans applying for and receiving unemployment benefits continue to drop to levels last seen nearly a half century ago, a sign the U.S. labor market remains quite robust eight years into an economic expansion
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14h Updated Capitol Report: The nation’s newest hot housing market — Philadelphia
Market Watch
Philadelphia is in the sweet spot as its long-time strengths play into a recovering housing economy and one big local employer expands.
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14h Updated Market Snapshot: U.S. stocks poised for 6 wins in a row, even as oil falls on OPEC news
Market Watch
U.S. stocks on Thursday looked on track to achieve their sixth up session in a row, setting up the S&P 500 for a fresh record close even as oil prices fell as traders tracked a much-anticipated meeting of key producers.
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14h Updated This man will help you get out of expensive medical bills
Market Watch
Most people, even if they don’t understand a hospital bill, pay it anyway. He’s trying to change that.
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14h Capitol Report: House conservative says Trump budget built on ‘lie’ | Republicans to drop debit-rule repeal
Market Watch
Trump’s budget built on a ‘lie,’ according to House conservative; Republicans to drop debit-rule repeal; administration resets search for FBI director; and more.
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14h Jobless claims up slightly; four-week average at 44-year low
Reuters
WASHINGTON, May 25 (Reuters) - The number of Americans filing for unemployment benefits rose less than expected last week and the four-week moving average of claims fell to a
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15h Updated Bad news, energy bulls and bears: Oil is not going to either $25 or $75 a barrel
Market Watch
There are opportunities to trade, but not to invest in, oil at this time, says Nigam Arora.
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15h Updated Some Uber and Lyft riders are giving up their own cars: Reuters/Ipsos poll
Reuters
SAN FRANCISCO (Reuters) - Wally Nowinski got his first car when he turned 16 in Michigan, the home of the U.S. auto industry. But after two years of living in New York City, he sold his wheels, using ride services, carsharing and bike sharing to get around.
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15h Best Buy beats on profit, comparable sales; shares jump
Reuters
CHICAGO (Reuters) - Best Buy Co Inc, the No. 1 U.S. electronics retailer, reported an unexpected rise in first-quarter comparable sales on Thursday, helped by demand for gaming and mobile products.
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15h Updated Futures Movers: Oil slides below $51 as OPEC agrees on 9-month output extension
Market Watch
Oil prices move sharply lower on Thursday after members of the Organization of the Petroleum Exporting Countries agree on a nine-month extension to their output accord, but stopped short of taking on deeper production cuts.
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15h Abercrombie posts smaller-than-expected drop in same-store sales
Reuters
(Reuters) - U.S. teen apparel retailer Abercrombie & Fitch Co , which has put itself up for sale, posted smaller-than-expected drop in comparable-store sales, helped by strong demand for its California beach-themed surfwear brand Hollister.
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15h Updated The Wall Street Journal: OPEC says it will extend production cuts through March 2018
Market Watch
With over a dozen other countries expected to join the cartel’s efforts, the agreement is likely to cut off about 2% of the world’s oil supply through March 2018.
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15h Updated Europe Markets: European stocks grapple with lower liquidity, oil-price volatility
Market Watch
European stocks have been looking for firm direction Thursday, with oil prices sliding as it appears OPEC won’t be making deeper cuts in oil production.
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15h The New York Post: Montana Republican candidate Gianforte accused of ‘body slamming’ reporter, faces assault charge
Market Watch
Republican congressional candidate Greg Gianforte has been charged with misdemeanor assault for allegedly body slamming a reporter who was trying to ask him a question on the eve of a special election, law enforcement authorities hae said.
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Uber cultural change will take time: HR boss15h Uber cultural change will take time: HR boss
USA Today
Uber's chief of human resources, Liane Hornsey, tells USA TODAY a 200-session listening tour of the company after allegations of pervasive sexism found employees concerned about pay and performance reviews, but not sexual harassment.
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15h Best Buy quarterly comparable sales rise unexpectedly
Reuters
CHICAGO (Reuters) - Best Buy Co Inc, the No. 1 U.S. electronics retailer, reported on Thursday an unexpected rise in quarterly comparable sales, helped by demand for gaming and mobile products.
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16h London Markets: FTSE 100 wobbles with OPEC decision in focus; British growth slows
Market Watch
U.K. blue-chip stocks are seesawing Thursday, with oil shares moving lower ahead of a production decision from the Organization of the Petroleum Exporting Countries.
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16h Oil falls as OPEC prepares to extend output cuts
Reuters
LONDON (Reuters) - Oil prices fell on Thursday as OPEC ministers met to decide how long to extend oil production cuts in an attempt to drain a global glut that has depressed markets for almost three years.
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Reached your savings goals? Here’s what to do next16h Reached your savings goals? Here’s what to do next
USA Today
Push yourself beyond basic savings goals by taking on these steps.
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16h OPEC extends oil output cut by nine months: delegate
Reuters
VIENNA (Reuters) - OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, an OPEC delegate said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.
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16h Sears posts first quarterly profit in nearly two years on cost cuts
Reuters
(Reuters) - Sears Holdings Corp reported its first quarterly profit in nearly two years, helped by the retailer's $1.25 billion cost-cutting plan amid doubts about its ability to continue as a going concern.
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Ask a Fool: How do the stock funds in my 401(k) differ?17h Ask a Fool: How do the stock funds in my 401(k) differ?
USA Today
Most 401(k) fund choices for investing in stocks fit into specific categories.
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17h The Wall Street Journal: Brexit fan Trump meets EU leaders for the first time
Market Watch
President Trump is holding his first meetings with French President Emmanuel Macron and senior European Union leaders on Thursday, visiting the capital of a bloc whose future he has questioned and whose opponents he has feted.
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17h Market Snapshot: U.S. stocks poised for 6 wins in a row, but OPEC lies in wait
Market Watch
U.S. stocks on Thursday looked on track to achieve their sixth up session in a row, setting up the S&P 500 for a fresh record close even as oil prices fell as traders tracked a much-anticipated meeting of key producers.
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17h Futures Movers: Oil slides below $51 as Saudis rule out deeper output cuts
Market Watch
Oil prices are on a roller-coaster ride Thursday trade as the highly anticipated meeting of the Organization of the Petroleum Exporting Countries about whether or not to extend production cuts kicks off in Vienna.
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17h Banks and funds will never quite be forex friends
Reuters
LONDON (Reuters) - On U.S. election day last November, banking executive David Puth stood in line behind Woody Allen to vote in his Manhattan neighborhood and then got on a plane to be shouted at for the rest of the day by a group of rich fund managers.
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17h : British police stop sharing Manchester attack info with the U.S. after leaks: report
Market Watch
U.K. police investigating the suicide bombing in Manchester, England, have stopped sharing information with their U.S. counterparts, according to a BBC report. Theresa May is expected to express concerns to President Trump.
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18h Futures Movers: Oil erases pre-OPEC summit gains as Saudis rule out deeper output cuts
Market Watch
Oil prices are on a roller-coaster ride Thursday trade as the highly anticipated meeting of the Organization of the Petroleum Exporting Countries about whether or not to extend production cuts kicks off in Vienna.
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18h OPEC meets to extend oil output cut, fight global glut
Reuters
VIENNA (Reuters) - OPEC and non-member oil producers began talks in Vienna on Thursday to extend output cuts, most likely by nine months, in an effort to clear a global stocks overhang and prop up crude prices.
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18h World stocks hit record after Fed minutes, oil up as OPEC meets
Reuters
LONDON (Reuters) - World stocks hit record highs on Thursday and the dollar dipped after the U.S. Federal Reserve signaled caution in raising interest rates, while oil prices rose in anticipation of top producers agreeing to extend output cuts for up to a year.
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18h Not all jobs will be taken by robots
Market Watch
Technology doesn’t just eliminate jobs, it also creates them. Here’s how to stay relevant.
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18h Most Americans are driving blind when it comes to financial decisions
Market Watch
Americans’ knowledge of personal finance is low even among people who have already made important financial decisions.
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18h Updated OPEC meets to extend oil cuts for up to one year
Reuters
VIENNA (Reuters) - OPEC and non-member oil producers are gearing up to extend output cuts on Thursday, possibly by as long as 12 months, to help clear a global stocks overhang and prop up crude prices.
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18h The New York Post: Montana GOP candidate Greg Gianforte accused of ‘body slamming’ reporter — and now faces assault charge
Market Watch
Republican congressional candidate Greg Gianforte has been charged with misdemeanor assault for allegedly body slamming a reporter who was trying to ask him a question on the eve of a special election, law enforcement authorities hae said.
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18h The Wall Street Journal: Police hunt for Manchester suicide bomber’s terror network
Market Watch
A suicide bomber who killed 22 people at a Manchester pop concert likely had the help of a terror network, U.K. authorities have said, and his brother confessed to a Libyan militia that the two of them belonged to Islamic State.
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19h London Markets: FTSE 100 wobbles with OPEC decision in sight
Market Watch
U.K. stocks dipped Thursday, with oil shares moving lower ahead of a production decision from the Organization of the Petroleum Exporting Countries.
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19h Futures Movers: Oil rallies as investors gear up for key OPEC meeting on output cuts
Market Watch
Investors take their last position ahead of the OPEC meeting on Thursday, as oil recoups some losses following a pullback.
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20h Updated Oil prices rise in anticipation of extended OPEC-led output cut
Reuters
SINGAPORE (Reuters) - Oil prices rose ahead of an OPEC meeting on Thursday that is expected to extend output cuts into 2018, adding at least nine months to an initial six-month curb in the first half of this year.
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21h Updated Slide Show: Forget Paris, these are the European spots you should visit this summer
Market Watch
The top ten European destinations this summer from Lonely Planet. And Paris isn’t one of them.
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21h The New York Post: Montana GOP candidate charged with assault after allegedly body slamming a reporter
Market Watch
Republican congressional candidate Greg Gianforte has been charged with misdemeanor assault for allegedly body slamming a reporter who was trying to ask him a question on the eve of a special election, law enforcement authorities hae said.
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21h Asia shares race to two-year high as Fed signals no rush to tighten
Reuters
TOKYO (Reuters) - Asian shares scaled two-year highs on Thursday while the dollar and U.S. bond yields slipped after the U.S. Federal Reserve signaled a cautious approach to future rate hikes and the reduction of its $4.5 trillion of bond holdings.
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21h U.S. oilfield service firms lag shale recovery; old deals hold
Reuters
HOUSTON (Reuters) - U.S. oil services companies have been doing a lot more work as recovering oil prices have lifted the shale industry from a two-year slump, but producers have been pocketing much of the new cash generated by rising output and squeezing service providers to keep costs down.
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22h Asia Markets: Asia stocks higher; South Korea shares soar as interest rates hold steady
Market Watch
South Korea’s stock market has been on a roll, hitting record highs as strong local corporate results and economic optimism propelled gains.
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22h Futures Movers: Oil reverses some losses as investors get ready for OPEC meeting
Market Watch
Investors take their last position ahead of the OPEC meeting on Thursday, as oil recoups some losses following a pullback.
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23h Harley-Davidson plans a Thailand factory to serve SE Asian market
Reuters
BANGKOK (Reuters) - Motorcycle maker Harley-Davidson Inc (HOG.N) said on Thursday it will build a plant in Thailand, a major Asian automotive hub, to serve the growing Southeast Asian market, a move criticized by a U.S. labor union.
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24h Asian shares hit two-year high after Fed signals gradual tightening
Reuters
TOKYO (Reuters) - Asian shares scaled two-year highs on Thursday while the dollar and U.S. bond yields slipped after the U.S. Federal Reserve signaled a cautious approach to future rate hikes and the reduction of its $4.5 trillion of bond holdings.
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24h Updated Here’s how Trump wants to change the way you repay student loans
Market Watch
The White House’s proposed budget would hit graduate students, public servants hard
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24h Updated This is why women get a raw deal on student debt
Market Watch
It takes women about two years longer than men to pay off student loans
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24h Why Pope Francis did Donald Trump a huge favor when they met at the Vatican
Market Watch
By the last estimate, the president is indeed overweight — but just shy of obese.
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24h You can make a decent living (and actually save money) in these American cities
Market Watch
This annual study aims to name places that balance both income and cost of living.
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24h Here’s a list of all of the things millennials have ruined for everyone else...
Market Watch
They have been accused of spoiling movies, focus groups and even churchgoing.
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24h Why Trump’s proposal to slash Medicaid disproportionately impacts women
Market Watch
Trump’s budget includes more than $600 billion in cuts to Medicaid.
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24h Updated Oil prices rise in anticipation of extended OPEC-led production cut
Reuters
SINGAPORE (Reuters) - Oil prices rose by one percent ahead of an OPEC meeting on Thursday that is expected to extend output cuts into 2018, adding at least nine months to an initial six-month cut in the first half of this year.
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25h Updated Asian shares firm, dollar and U.S. bond yields slip after Fed
Reuters
TOKYO (Reuters) - Asian shares eked out modest gains on Thursday while the dollar and U.S. bond yields slipped after the U.S. Federal Reserve signalled a cautious approach to future rate hikes and the reduction of its $4.5 trillion of bond holdings.
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Why you may pay more for BET, MTV and Nickelodeon pay-TV channels26h Updated Why you may pay more for BET, MTV and Nickelodeon pay-TV channels
USA Today
Those wanting their MTV -- and BET, Comedy Central or Nickelodeon -- may have to pay more.
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27h Dollar on back foot after Fed minutes, euro resumes advance
Reuters
TOKYO (Reuters) - The dollar was on the defensive early on Thursday after minutes of the latest Federal Reserve policy meeting were not as hawkish as anticipated, while the euro edged back up towards a 6-1/2-month high.
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Tesla workers saw higher-than-average injury rates27h Updated Tesla workers saw higher-than-average injury rates
USA Today
Tesla saw a worker injury rate that is 31% higher than the average, a new study finds.
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27h The New York Post: Jeff Sessions did not disclose Russia meetings on form for security clearance, report says
Market Watch
Attorney General Jeff Sessions reportedly failed to disclose meetings last year that he had with Russian officials when he filed for a security clearance at the Justice Department.
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28h Updated Exclusive: Facebook signs BuzzFeed, Vox, others for original video shows - sources
Reuters
NEW YORK (Reuters) - Facebook Inc has signed deals with millennial-focused news and entertainment creators Vox Media, BuzzFeed, ATTN, Group Nine Media and others to make shows for its upcoming video service, which will feature long and short-form content with ad breaks, according to several sources familiar with the situation.
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28h Most Japan firms favor cautious approach to any Toshiba delisting: poll
Reuters
TOKYO (Reuters) - Most Japanese firms believe the Tokyo bourse should be cautious in its approach to any delisting of embattled Toshiba Corp , concerned about the potential impact on its clients, subcontractors and financial markets, a Reuters poll showed.
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CBO: GOP Obamacare replacement plan increases uninsured by 23 million28h CBO: GOP Obamacare replacement plan increases uninsured by 23 million
USA Today
The Republican healthcare plan to repeal and replace the Affordable Care Act that passed the House in early May would decrease the deficit but increase the number of uninsured people, according to the Congressional Budget Office.
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28h Another court case puts the CFPB in danger
Market Watch
These states would suffer the most if the CFPB gets shut down.
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The next Kodak moment: a smartphone?28h Updated The next Kodak moment: a smartphone?
USA Today
We tried out Kodak's new $399.99 'camera-first' Android phone, which plays to nostalgia.
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28h Updated The many failures of Elon Musk, captured in one giant infographic
Market Watch
The Tesla CEO has forged past many, many setbacks throughout the years.
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Five accused in D.C. to Wall Street insider trading scam28h Five accused in D.C. to Wall Street insider trading scam
USA Today
Federal health insider allegedly leaked secret data that helped traders profit
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29h Wilson on Religious ETFs Expanding to Bonds (Audio)
Bloomberg
(Bloomberg) -- Bloomberg’s Carolina Wilson says ETFs driven by ideology are coming to the bond market. She discusses the success of Inspire’s two equity ETFs and the methodology behind them (tickers: BLES, ISMD, CATH). This is a daily ETF podcast from Bloomberg’s Catherine Cowdery.
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29h Boeing, DARPA to build prototype spaceplane
Reuters
CAPE CANAVERAL, Fla. (Reuters) - The U.S. Defense Advanced Research Projects Agency on Wednesday said it will invest up to $146 million in an alliance with Boeing to build an experimental spaceplane that can deliver small satellites into orbit on a daily basis.
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29h Updated 5 cities where you can make a decent living (and actually save money)
Market Watch
This annual study aims to name places that balance both income and cost of living.
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29h Updated New Ford CEO eligible for $13.4 million in annual compensation
Reuters
(Reuters) - Ford Motor Co said on Wednesday that new Chief Executive James Hackett is eligible for at least $13.4 million in total annual compensation.
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29h BookWatch: 5 ways to protect yourself from outrageous hospital bills
Market Watch
Everything done to you or for you in the hospital will be billed at exorbitant rates, warns Elisabeth Rosenthal.
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29h Why Trump’s proposals to slash Medicaid disproportionately impacts women
Market Watch
Trump’s budget includes more than $600 billion in cuts to Medicaid.
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29h Here’s a list of all of the things millennials have been accused of ruining...
Market Watch
Movies, focus groups and even churchgoing are some of the things on the list.
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29h Updated 3 out of 4 American children in families rely on their mothers’ salaries
Market Watch
Whether married, cohabitating or single, moms have much lower salaries than their male counterparts.
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29h Why Pope Francis did Donald Trump a huge favor at the Vatican
Market Watch
By the last estimate, the president is indeed overweight — but just shy of obese.
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Sean Hannity loses first advertiser following Seth Rich conspiracy29h Sean Hannity loses first advertiser following Seth Rich conspiracy
USA Today
Fox News host Sean Hannity is apparently starting to lose advertisers. Veuer's Nick Cardona (@nickcardona93) has that story.
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29h Updated : How to stop being your own worst enemy in the stock market
Market Watch
6 ways to fight back against emotional impulses that hurt your investment portfolio.
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29h Updated Outside the Box: States should have their own economic visa programs for immigrants
Market Watch
This proposal would let states grant economic visas based on their specific needs.
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29h Updated Outside the Box: 4 reasons why Donald Trump will be re-elected in 2020
Market Watch
The popular consensus is likely dead wrong — and no, impeachment isn’t going to happen.
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29h Updated Outside the Box: What 10 million simulations tell us about President Trump’s chances of achieving 3% economic growth
Market Watch
It comes down to changes in the labor-force participation rate, productivity and hours worked, not tax reform or regulatory reform.
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30h Updated S&P 500 hits record high close following Fed minutes
Reuters
NEW YORK (Reuters) - U.S. stocks ended up slightly on Wednesday, with the S&P 500 hitting a record high close, after minutes of the Federal Reserve's latest meeting showed policymakers view a rate hike coming soon.
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30h Updated Bond Report: Treasury yields slump after Fed minutes show balance sheet talk
Market Watch
Treasury yields fell Wednesday after the minutes from the Federal Reserve policy-making panel’s meeting earlier this month showed senior central bankers largely agreed to reduce its balance sheet this year.
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Fox News asks court to throw out Andrea Tantaros lawsuit30h Fox News asks court to throw out Andrea Tantaros lawsuit
USA Today
On Wednesday, Fox News asked a federal court to throw out a lawsuit by former host Andrea Tantaros, saying her claims of fake Twitter accounts being set up to harass her were untrue.
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30h Updated Capitol Report: CBO says Republican health bill would leave 23 million fewer people insured
Market Watch
The Obamacare replacement bill narrowly passed by House Republicans earlier this month would leave 23 million fewer people insured by 2026, while reducing the deficit by less than previously estimated, according to the Congressional Budget Office.
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Are smartwatch heart rate monitors accurate?30h Are smartwatch heart rate monitors accurate?
USA Today
We had a certified nurse practitioner test the accuracy of six of the most popular smartwatches on the market.
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30h The ‘Flintstone House’ outside of San Francisco has finally found a buyer after two years
Market Watch
“The Flintstone House,” located in the upscale San Francisco suburb Hillsborough, Calif., is on the market for $4.2 million, according to San Francisco Realtor Judy Meuschke, who is listing the house.
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30h Updated Market Snapshot: S&P 500 extends win streak to 5 sessions, posts record close
Market Watch
The S&P 500 extends gains for a fifth session to close at a record on Wednesday as minutes of the Federal Reserve’s latest policy meeting showed broad agreement on plans to begin shrinking the central bank’s balance sheet and also pointed to a likely rate increase next month as widely expected.
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30h Updated Fed ties rate hike to economic rebound, sees balance sheet cuts in 2017
Reuters
WASHINGTON (Reuters) - Federal Reserve policymakers agreed they should hold off on raising interest rates until it was clear a recent U.S. economic slowdown was temporary, though most said a hike was coming soon, minutes from their last policy meeting showed on Wednesday.
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30h Updated Bitcoin surges to record above $2,500, bringing 2017 gain to more than 150%
CNBC
Bitcoin hit a record Wednesday after a late Tuesday announcement from the Digital Currency Group.
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30h BNP Paribas to pay $350 million to settle New York currency-rigging probe
Reuters
NEW YORK (Reuters) - French bank BNP Paribas on Wednesday agreed to pay $350 million to New York’s banking watchdog to resolve a probe of misconduct in its foreign exchange business, which the regulator said enhanced the bank's profits at customers' expense.
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30h NewsWatch: The contrarian investor’s best bet is coming down the pike
Market Watch
Consumers saddled with debt will hurt the economy, affecting dividend stocks, bonds and gold, says Michael Brush.
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30h Market Extra: Bitcoin is up over 400% in the past year—what’s stopping it from going mainstream?
Market Watch
Bitcoin may not seem as though it needs much help these days, having soared more than 400% over the past 12 months, but the industry of digital currencies and blockchain—the underlying technology—needs to address some major issues if it is going to be viable for a broad and mainstream consumer base.
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30h HP Inc revenue beats on higher demand for PCs, printers
Reuters
(Reuters) - HP Inc , which was created through the breakup of Hewlett-Packard Co, reported better-than-expected quarterly revenue, boosted by a stabilizing PC market and a recovery in its printer business.
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30h Updated Emerging Markets Report: Can investors afford to shrug off China’s credit downgrade?
Market Watch
Moody’s Investors Service’s downgrade of China’s sovereign rating on Wednesday has refocused attention on the country’s addiction to debt. But the subdued reaction from the global markets to the news has raised fears about complacency over mounting problems in the world’s second largest economy, according to strategists.
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31h Market Extra: U.S. Steel tug of war: Fundamental upgrade versus technical ‘death cross’
Market Watch
U.S. Steel’s stock rallies as investors weigh an upgrade at Credit Suisse against a looming bearish ‘death cross’ technical pattern.
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31h Updated Xilinx: A Cloudier Chip Play
The Wall Street Journal
Xilinx chips are in demand among cloud-service providers, but the outlook is still subdued.
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31h Updated Fannie and Freddie Endgame Takes Shape
The Wall Street Journal
A consensus is starting to emerge between lawmakers and the Trump administration on how to reform the U.S. housing finance market.
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31h Updated Drone Wars Shoot Down Profits
The Wall Street Journal
Consumer drone sales are taking off, but profits for most in the business have been grounded.
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31h Updated Ford’s move to replace longtime CEO is a credit negative, says Moody’s
Market Watch
News was a surprise and came without any seemingly major missteps at the company, says Moody’s.
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31h Medill News Service: U.S. should act against proposed Russia gas pipeline, Democratic senator says
Market Watch
The U.S. should act against a contentious Russian gas pipeline, said Sen. Jeanne Shaheen, a Democrat of New Hampshire.
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8 facts about your 401(k) every Baby Boomer should know31h 8 facts about your 401(k) every Baby Boomer should know
USA Today
A 401(k) account can be a vital in generating future income that boosts your financial security.
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31h Trump Today: Trump Today: President calls his meeting with Pope Francis ‘fantastic’ before arriving in Belgium
Market Watch
President Donald Trump said he had a “fantastic meeting” with Pope Francis at the Vatican, before flying to Belgium on the next leg of his first overseas trip as commander-in-chief. In Brussels, he told Prime Minister Charles Michel that in the wake of Monday’s bombing at a concert in Manchester, England, “you realize how important it is to win this fight” against terrorism. “And we will win this fight,” Trump said.
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This Rubbermaid food storage set is our favorite, and it’s now under $2031h This Rubbermaid food storage set is our favorite, and it’s now under $20
USA Today
The Rubbermaid 42-piece easy find lid food storage set is on sale for under $20 on Amazon just in time to save all your backyard barbecue leftovers.
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31h The Fed: Seeing another rate hike ‘soon,’ Fed outlines plan to reduce bond holdings, minutes show
Market Watch
Minutes of the Federal Reserve meeting from May 2-3, released Wednesday, show broad agreement on a tentative plan to shrink its balance sheet
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31h Market Extra: When do markets close for Memorial Day?
Market Watch
U.S. financial markets will be closed Monday for Memorial Day.
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32h Updated OPEC, non-OPEC set for new oil cut, eye longer duration
Reuters
VIENNA (Reuters) - OPEC and non-member oil producers are set to extend output cuts on Thursday, possibly by as long as 12 months, to help clear a global stocks overhang and prop up crude prices.
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Watching Amazon Video on the Xbox One S just got a whole lot better32h Watching Amazon Video on the Xbox One S just got a whole lot better
USA Today
The best console for 4K TVs is getting another upgrade.
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32h Updated Insider-trading charges brought over ‘political intelligence’ trades
Market Watch
Criminal and civil charges were filed Wednesday in a landmark case that seeks to prevent insider trading off political intelligence.
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32h Currencies: Dollar weakens after Fed signals desire to shrink balance sheet
Market Watch
The U.S. dollar churned little changed against leading rivals Wednesday ahead of the release of Federal Reserve meeting minutes that are largely expected to back expectations for another Fed interest-rate hike come June.
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32h Updated Northern Ireland faces outsize risk as Brexit looms
Market Watch
Northern Ireland is the smallest of the four countries that make up the U.K., and the only one that shares a border with another EU member, the Republic of Ireland.
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32h The unpleasant reason half of Americans don’t take all their paid vacation
Market Watch
Some 54% of employees make this mistake because they believe they’ll be replaced.
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Graco recalls more than 25,000 car seats32h Graco recalls more than 25,000 car seats
USA Today
A massive recall for car seats made at Graco Children’s Products. Veuer's Nick Cardona (@nickcardona93) has that story.
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32h Updated Money Milestones: This is how your finances should look in your 30s
Market Watch
The beginning of mortgages and marriages shouldn’t be the end of your retirement contributions.
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32h Futures Movers: Oil logs first loss in 6 sessions as traders weigh scenarios for OPEC meeting
Market Watch
Ahead of this week’s OPEC meeting, a joint committee of OPEC and non-OPEC producers have recommended a nine-month extension the production-cut agreement that expires in June.
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32h Economic Report: The typical U.S. household at last has more income than 17 years ago
Market Watch
For the first time since the U.S. entered the worst recession of the post-war era, the typical U.S. household has more income than it did when the century started.
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32h Live Nation: Ariana Grande world tour suspended following Manchester attack
Market Watch
A terrorist attack outside the “Dangerous Woman” singer’s concert killed at least 22 people.
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32h Capitol Report: Mulvaney says debt-ceiling deadline may move up as tax receipts fall short
Market Watch
President Donald Trump’s budget director suggested Wednesday that the government’s borrowing limit may need to be raised earlier than originally anticipated, citing “slower-than-expected” tax receipts.
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Midday report: Existing home sales retreat32h Midday report: Existing home sales retreat
USA Today
Stocks crept higher ahead the afternoon release of Federal Reserve minutes, an insight into the central bank's thinking before its next meeting in June. Video provided by TheStreet
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32h GM to cut jobs in international HQ in Singapore: source
Reuters
(Reuters) - General Motors Co will slash headcount in its international headquarters in Singapore as part of its efforts to reduce exposure to unprofitable and unpromising markets.
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32h Metals Stocks: Gold suffers back-to-back losses, sees knee-jerk reaction to Fed minutes
Market Watch
Gold prices suffer back-to-back losses Wednesday. After the release of minutes from the U.S. Federal Reserve’s May meeting, prices for the metal briefly inched higher then pulled back.
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32h Zillow hears your ‘Zestimate’ complaints: it’s offering a $1 million prize for a better algorithm
Market Watch
The real estate data web site wants to crowdsource a better measurement tool - and will pay a handsome reward for the best model
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32h Wall Street stays slightly higher following Fed minutes
Reuters
NEW YORK (Reuters) - U.S. stocks were volatile but still slightly higher on Wednesday after minutes of the Federal Reserve's latest meeting showed policymakers agreed they should hold off on raising rates until evidence a recent economic slowdown was transitory.
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32h Bitcoin surges to record above $2,400, bringing 2017 gain to more than 150%
CNBC
Bitcoin hit a record Wednesday after a late Tuesday announcement from the Digital Currency Group.
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32h The Margin: There will be dragons: Internet goes nuts over new ‘Game of Thrones’ trailer
Market Watch
“Enemies to the east. Enemies to the west. Enemies to the south. Enemies to the north. Whatever stands in our way, we will defeat it. We’re the Lannisters. The last ones who count.” That Cersei, so dramatic.
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This machine makes healthy frozen desserts out of fruit33h This machine makes healthy frozen desserts out of fruit
USA Today
The Gourmia GSI180 claims to make fruity desserts with the consistency of soft-serve ice cream, so we gave the machine a swirl.
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33h Disgruntled employees grill United at shareholders meeting
Reuters
CHICAGO (Reuters) - United Continental Holdings Inc executives faced disgruntled company and contracted employees at its annual shareholders meeting on Wednesday, as the airline tried to repair its public image damaged by recent customer relations fiascos.
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Nine ways for college grads to start life on the right financial foot33h Updated Nine ways for college grads to start life on the right financial foot
USA Today
Here’s how graduates should go about creating a sound financial plan, according to experts.
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33h Fed sets process to wind down $4.5 trillion balance sheet
CNBC
Fed officials appear to be in synch on how they plan to unravel the stimulus implemented during the financial crisis.
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33h OPEC, non-OPEC debating one-year oil cut extension
Reuters
VIENNA (Reuters) - OPEC and non-member oil producers will debate on Thursday a proposal to extend output cuts by as long as 12 months in a move to help clear a global stocks overhang and prop up prices.
 Like Reply
33h Futures Movers: Oil prices fall as traders weigh scenarios for OPEC meeting
Market Watch
Ahead of this week’s OPEC meeting, a joint committee of OPEC and non-OPEC producers have recommended a nine-month extension the production-cut agreement that expires in June.
 Like Reply
Moving to one of these 9 states could save you thousands33h Updated Moving to one of these 9 states could save you thousands
USA Today
Taxpayers could save an average of $1,977 a year by moving to a state with no income tax.
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33h Government pursues insider-trading case over ‘political intelligence’
Market Watch
Criminal and civil charges were filed Thursday in a landmark case that seeks to prevent insider trading off political intelligence.
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33h Market Extra: Who trades options the most? Millennial investors
Market Watch
Millennials are frequently criticized by market experts for the way they invest—or, more accurately, the way they’re not investing—but recent research indicates that at least some young market participants are going about things in a more sophisticated way than they’re typically given credit for.
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33h U.S. appeals court appears divided in CFPB regulator case
Reuters
WASHINGTON (Reuters) - A U.S. appeals court appeared sharply divided along partisan lines on Wednesday on whether the structure of the Consumer Financial Protection Bureau is constitutional, tilting slightly toward the regulator in one of two cases that could weigh on the policing of Wall Street.
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34h Updated Home sales fall as tight supply boosts prices
Reuters
WASHINGTON (Reuters) - U.S. home resales fell from a more than 10-year high in April, weighed down by a chronic shortage of houses on the market that is keeping prices elevated and sidelining prospective buyers.
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34h Updated Young, married women should learn this skill
Market Watch
It isn’t enough to occasionally check an account — you need to be proactive about money.
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34h Updated This is why American tourists don’t want to travel to Cuba
Market Watch
Interest is waning a year after the country was opened up to U.S. visitors.
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34h Homeowners hate ‘Zestimates’ so Zillow awarding $1 million to improve its model
Market Watch
The real estate data web site wants to crowdsource a better measurement tool - and will pay a handsome reward for the best model
 Like Reply
34h Here are all of the things millennials have been accused of ruining...
Market Watch
Movies, focus groups and even churchgoing are some of the things on the list.
 Like Reply
34h The new Spark is DJI’s smallest, cheapest drone yet
Market Watch
DJI unveils a $499 drone called Spark, the company’s smallest drone to date.
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34h Wall St. edges higher as Fed minutes release draws near
Reuters
(Reuters) - U.S. stocks were modestly higher early on Wednesday afternoon, aiming for a fifth straight day of gains, ahead of the minutes of the Federal Reserve's latest meeting that could cement the chances of a widely expected interest rate hike next month.
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5 tips to stay safe on the road this Memorial Day weekend34h 5 tips to stay safe on the road this Memorial Day weekend
USA Today
From flat tires to dead batteries, here's how to drive safely on Memorial Day weekend
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34h Loeb sees $20 billion more value from Dow-DuPont merger
Reuters
(Reuters) - Activist investor Daniel Loeb's Third Point LLC said Dow Chemical and DuPont could unlock $20 billion in additional value by tweaking their plan to split into three companies following their merger.
 Like Reply
34h These people thought they’d get their student loans paid off — now they’re panicking
Market Watch
Recent reports suggest the Trump administration will push to get rid of loan forgiveness.
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34h Updated Women get a raw deal on student debt
Market Watch
It takes women about two years longer than men to pay off student loans
 Like Reply
34h Updated OPEC nearing deal to extend oil output cut to March 2018
Reuters
VIENNA (Reuters) - OPEC and non-member oil producers moved closer on Wednesday to clinching a deal on extending output cuts by nine months to clear a global stocks overhang and prop up the price of crude.
 Like Reply
34h The Margin: Just don’t touch my tea bag: Brits deal with grief in the wake of the Manchester attack
Market Watch
The U.K. raised its threat level to “critical” from “severe,” but if that struck fear in the hearts of the good people of Great Britain, you wouldn’t know it from the reaction on social media.
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34h Why Trump’s proposals to slash Medicaid could disproportionately impact women
Market Watch
Trump’s budget includes more than $600 billion in cuts to Medicaid.
 Like Reply
Madoff fund has paid zero to fraud victims so far34h Updated Madoff fund has paid zero to fraud victims so far
USA Today
Madoff fraud victims have gotten no money from a firm the U.S. appointed to distribute funds
 Like Reply
34h Updated Market Snapshot: Stock market ticks up as investors await Fed minutes
Market Watch
U.S. stocks were slightly higher on Wednesday, through trading was subdued and moves were slightly ahead of minutes from the Federal Reserve’s latest meeting, which could quell doubts about a June interest-rate increase.
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34h Loeb says Dow-DuPont deal can create $20 billion more value
Reuters
(Reuters) - Activist investor Daniel Loeb's Third Point LLC said Dow Chemical and DuPont could create $20 billion in additional shareholder value by tweaking their plan to split into three companies following the merger.
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34h Updated Why Pope Francis just did Donald Trump a huge favor
Market Watch
By the last estimate, the president is indeed overweight — but just shy of obese.
 Like Reply
This Kenmore gas grill is under $300 just in time for Memorial Day34h This Kenmore gas grill is under $300 just in time for Memorial Day
USA Today
You can buy this Kenmore 4-burner stainless steel gas grill is $120 off right now, just in time for a Memorial Day cookout.
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35h Sorry America, but this theory about being healthy and overweight has been debunked (again)
Market Watch
Good metabolic health and exercise don’t protect people who are obese from serious ailments.
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35h Updated House Democrats ask Deutsche for information on Trump Russia loans
CNBC
Congressional Democrats investigating alleged ties between President Donald Trump's political campaign and Russia are seeking information from Deutsche Bank.
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35h London Markets: FTSE 100 outperforms Europe to end at 1-week high
Market Watch
U.K. stocks end higher on Wednesday, outperforming the broader European markets as investors shook off disappointing corporate news and a credit downgrade for China.
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35h Wall St. creeps higher; Fed minutes eyed
Reuters
(Reuters) - U.S. stocks were modestly higher late on Wednesday morning, aiming for a fifth straight day of gains, as investors awaited Federal Reserve minutes of its May meeting that could cement the chances of an interest rate hike next month.
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35h Updated Metals Stocks: Gold prices drift south as U.S. rate-hike expectations rise
Market Watch
Gold prices are under moderate pressure as expectations rise for a U.S. interest-rate hike in June.
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35h NewsWatch: The nation’s newest hot housing market — Philadelphia
Market Watch
Philadelphia is in the sweet spot as its long-time strengths play into a recovering housing economy and one big local employer expands.
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35h Weaker shopping malls leave mortgage-backed securities vulnerable
Market Watch
Ongoing struggles of malls throughout the country as they lose traditional retailer tenants who face increased competition from Amazon and other online sellers could put pressure on select, specialized mortgage-linked bond packages that came to market between 2011 and 2013, according to Fitch Ratings.
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Auction: The papers that created professional baseball as you know it35h Auction: The papers that created professional baseball as you know it
USA Today
The National League's founding documents are up for auction, and they may go for millions. Video provided by Newsy
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35h Updated Market Extra: Fidelity CEO has 4 reasons bitcoin still isn’t mainstream
Market Watch
Bitcoin may not seem as though it needs much help these days, having soared more than 400% over the past 12 months, but the industry of digital currencies and blockchain—the underlying technology—needs to address some major issues if it is going to be viable for a broad and mainstream consumer base.
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36h Updated Memorial Day gas prices set to be 22% cheaper than average
Market Watch
If you’re planning to kick off your summer with a Memorial Day road trip, you couldn’t have picked a better year to do so.
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36h Futures Movers: Oil struggles for direction as traders weigh likelihood of 9-month output-cut extension
Market Watch
Ahead of this week’s OPEC meeting, a joint committee of OPEC and non-OPEC producers have recommended a nine-month extension the production-cut agreement that expires in June.
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36h Updated Caroline Baum: Trumponomics relies on fuzzy math, rosy scenarios
Market Watch
Defining Trumponomics isn’t easy with a president who frequently changes his mind, writes Caroline Baum.
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36h Linde, Praxair reach agreement on details of merger
Reuters
FRANKFURT (Reuters) - German industrial gases group Linde and U.S. peer Praxair have reached a deal in principle on details of their proposed $70 billion merger, Linde said on Wednesday.
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36h U.S. appeals court hears arguments weighing on Wall Street policing
Reuters
WASHINGTON (Reuters) - A U.S. appeals court panel questioned government lawyers at length on Wednesday in oral arguments on whether or not the Securities and Exchange Commission's hiring of administrative law judges for in-house proceedings violated the Constitution.
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36h Bitcoin soars above $2,400 to all-time high
Reuters
(Reuters) - Digital currency bitcoin hit a fresh record high on Wednesday, surging above $2,400, as demand for crypto-assets soared with the creation of new tokens to raise funding for start-ups using blockchain technology.
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36h Europe Markets: European stock gains limited as auto, mining shares fall
Market Watch
Most major European markets ebbed lower, with automobile makers Daimler and Fiat Chrysler and mining stocks among those struggling, even as Draghi retained a dovish tone on policy.
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36h Does the Pope Francis think Donald Trump needs to lose weight?
Market Watch
By the last estimate, the president is indeed overweight — but just shy of obese.
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36h Donald Trump’s budget ignores what is actually ailing American workers
The Economist
PRESIDENTIAL budget requests, all of them, are worth exactly nothing. They carry no force of legislation. They land, heavy, bound and shrink-wrapped, so they can be immediately binned as Congress continues its now yearly stumble toward a “continuing resolution”—a supposedly temporary legislative act that in recent decades has almost entirely replaced the statutory budget process. The request from the President is the least consequential part of something that is completely broken. It functions like a bumper sticker on an old car. It only tells you about the person who’s driving.  Mick Mulvaney, a former congressman from South Carolina who won his seat in the Tea-Party wave of 2010, runs Donald Trump’s Office of Management and Budget. Mr Mulvaney has created the budget his wing of the Republican party always wanted: government as a service, paid for by its clients, the taxpayers. If you receive more than you pay, the system has failed, and must be fixed. The marketing copy that accompanied the budget calls this...
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36h Bitcoin surges to record above $2,400, bringing 2017 gain to nearly 150%
CNBC
Bitcoin hit a record Wednesday after a late Tuesday announcement from the Digital Currency Group.
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36h Microsoft reportedly buys Israeli cybersecurity firm Hexadite
CNBC
Microsoft is said to have acquired Israeli cybersecurity startup Hexadite for $100 million, report says.
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Is personalized learning the future? This high school thinks so.36h Updated Is personalized learning the future? This high school thinks so.
USA Today
Vista High School will use a $10 million grant to make high school more personal.
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36h The New York Post: Tom Cruise stuns Australian TV hosts by revealing ‘Top Gun 2’ is a go
Market Watch
After years of speculation, the actor confirmed Tuesday that “Top Gun 2” is officially happening.
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36h U.S. inventories of oil, gasoline fall: EIA
Reuters
(Reuters) - U.S. crude stocks fell last week as refineries hiked output, while gasoline stocks decreased and distillate inventories fell, the Energy Information Administration said on Wednesday.
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36h Linde, Praxair reach deal on merger agreement
Reuters
FRANKFURT (Reuters) - German industrial gases group Linde and U.S. peer Praxair have reached a deal in principle on their proposed $70 billion merger, Linde said on Wednesday.
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37h Updated The Ratings Game: Cloudera has a big opportunity after IPO, but the costs may be tough to stomach
Market Watch
Shares of Cloudera Inc. got a boost Tuesday as the underwriters on its recent initial public offering outlined the opportunity ahead for its data-crunching software, and the cost of realizing it.
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37h The Fed wants to raise rates this year. One thing could stand in the way
CNBC
Substantially lower-than-expected inflation would be a hurdle for the Fed in its quest to normalize monetary policy.
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37h Updated The contrarian investor’s best bet is coming down the pike
Market Watch
Consumers saddled with debt will hurt the economy, affecting dividend stocks, bonds and gold, says Michael Brush.
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37h Existing home sales fall as tight supply lifts prices
Reuters
WASHINGTON (Reuters) - U.S. home resales fell more than expected in April, weighed down by a chronic shortage of houses on the market that is keeping prices elevated and sidelining prospective buyers.
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37h The Wall Street Journal: Manchester police arrest 3 more in investigation into concert bombing
Market Watch
Police on Wednesday arrested at least three more men as part of their investigation into the suicide bombing at an Ariana Grande pop concert, as authorities pursued the possibility that the assailant didn’t act alone.
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6 smart ways to travel cheaply and still have a memorable vacation37h 6 smart ways to travel cheaply and still have a memorable vacation
USA Today
You can travel cheaply and still have an experience worth remembering. Here's how.
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37h Beat the System: Theresa May will win the British general election — and catapult stocks and the pound
Market Watch
The terror bombing will presumably cause a right-wing shift in the public’s mood.
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37h Updated Imagine if everyone in the world had a fiduciary duty to act in your best interest
Market Watch
What life might be like if the fiduciary rule even applied to Starbucks baristas, barbers, real-estate agents and others.
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37h Wall St. little changed ahead of Fed minutes
Reuters
(Reuters) - U.S. stocks were little changed in early trading on Wednesday as investors awaited Federal Reserve minutes of its May meeting that could cement the chances of a rate hike next month.
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37h Market Snapshot: Stock market holds ground as investors await Fed minutes
Market Watch
U.S. stocks were slightly higher on Wednesday, through trading was subdued and moves were slightly ahead of minutes from the Federal Reserve’s latest meeting, which could quell doubts about a June interest-rate increase.
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37h Your first trade for Wednesday, May 24
CNBC
The "Fast Money" traders share their first moves for the early hours of the trading day.
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37h The New York Post: Neiman Marcus met with Related Cos. to discuss tie-up including merger
Market Watch
New York-based Related is concerned about the teetering financial health of Neiman, and that the retailer might require financial backing as it gears up to anchor Related’s massive Hudson Yards office-and-retail complex on Manhattan’s West Side that’s slated to open late next year, sources said.
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37h Updated Kuwait says OPEC, non-OPEC could deepen oil cuts
Reuters
VIENNA (Reuters) - OPEC and non-member oil producers could deepen output cuts or extend them for a year at a meeting in Vienna this week, Kuwait said on Wednesday, as they seek to clear a global stocks overhang and prop up the price of crude.
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37h More than half of Americans are afraid to take their paid vacations
Market Watch
Some 54% of employees make this mistake because they believe they’ll be replaced.
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37h The Wall Street Journal: Armed soldiers patrol London streets after Manchester attack raises threat level
Market Watch
Visitors flocking to the U.K. will face an unusual sight: armed uniformed troops at some of London’s most famous landmarks as the country tightens security amid concerns more terrorist attacks could follow in the wake of Monday’s fatal bombing in Manchester.
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37h Updated Currencies: Dollar steadies ahead of Fed minutes expected to signal June hike
Market Watch
The U.S. dollar churned little changed against leading rivals Wednesday ahead of the release of Federal Reserve meeting minutes that are largely expected to back expectations for another Fed interest-rate hike come June.
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Diabetics: Roche says it can save you big money37h Updated Diabetics: Roche says it can save you big money
USA Today
"We knew that access was a problem," Roche diabetes executive says.
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37h Capitol Report: America has a new discrimination problem: political bias
Market Watch
A new kind of discrimination appears to be sweeping across America in neighborhoods, malls, even workplaces: bias against people on the other political side.
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37h Citi struggles to bring back shine to its Mexican crown jewel
Reuters
MEXICO CITY/NEW YORK (Reuters) - The newly refurbished Citibanamex branch in Mexico City's affluent Del Valle neighborhood opens into a Scandinavian-chic space where salespeople chat with clients at touch screens. The next room, though, is filled with customers queueing up in front of tellers or waiting on benches. Outside, more line up to use the ATMs.
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38h Amazon’s new bookstore keeps shoppers on the Amazon website
Market Watch
Amazon is opening its seventh store in New York City’s Columbus Circle on Thursday.
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38h Bond Report: Treasury yields slip ahead of Fed minutes
Market Watch
Treasury yields fall ahead of the release of the minutes from the Federal Reserve’s policy-making panel’s meeting in May as investors gauge the chance of a June rate hike.
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38h Updated This will be America’s new exodus
Market Watch
Millions of people will move out of cities, shaking up established models of global growth.
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38h Updated Your kids learn about money from the same people who teach them about sex
Market Watch
Research indicates that the example parents set is key in shaping their kids’ future financial health.
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38h Updated Why you could end up homeless in retirement
Market Watch
Housing prices are outpacing older adults’ incomes, and many retirees rely solely on Social Security.
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38h Anthem weighing Obamacare individual market in each state
Reuters
NEW YORK (Reuters) - Anthem Inc is looking at each state to determine what its participation in the Obamacare individual market will be next year given the political and regulatory uncertainty, Chief Executive Officer Joseph Swedish said on Wednesday.
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How soon will the Fed hike rates again? Minutes may offer clues38h How soon will the Fed hike rates again? Minutes may offer clues
USA Today
Investors are searching for clues on how the Fed will act on interest rates at June meeting.
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38h NewsWatch: How to make money while everyone else racks up student debt and car loans
Market Watch
Stocks don’t seem that interested in giving back much after four up sessions in a row. The Dark Bid financial blog has thrown a bone to the doom-and-gloomers, however, saying “Big Short 2.0” is all about student debt and car loans.
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38h American workers are giving hundreds of dollars every year to their boss by doing this...
Market Watch
Some 54% of employees make this mistake because they believe they’ll be replaced.
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38h Wall St. set to open little changed ahead of Fed minutes
Reuters
(Reuters) - U.S. stocks looked set to open little changed on Wednesday ahead of the Federal Reserve releasing the minutes of its May meeting that could cement the chances of a rate hike next month.
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38h Judge gives RBS a week to end investor suit or face trial
Reuters
LONDON (Reuters) - A judge has given Royal Bank of Scotland and thousands of investors until June 1 to agree a deal that would avert a trial over the bank's 12 billion pound cash call in 2008.
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38h Market Snapshot: Stock market aims for 5th day of gains as investors await Fed minutes
Market Watch
Stock-index futures point to a flat to slightly higher start for Wall Street as investors await minutes from the Federal Reserve’s last meeting, which could quell doubts about a June interest-rate hike.
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39h American workers are give hundreds of dollars every year to their boss by doing this...
Market Watch
Some 54% of employees make this mistake because they believe they’ll be replaced.
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39h Updated FA Center: When to say ‘you’re fired!’ to your investment adviser
Market Watch
Mere market-lagging performance is not a sufficient reason.
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39h Outside the Box: Wind power will keep growing rapidly — and bring economic opportunity to rural America
Market Watch
Last year, wind surpassed hydropower to become the county’s largest source of renewable generating capacity, and the fourth-largest capacity source behind natural gas, coal, and nuclear.
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39h Updated Clean-energy jobs seen rising to 24 million by 2030, international energy agency says
Market Watch
The International Renewable Energy Agency said nearly 10 million people were employed in clean energy last year, and predicted 24 million jobs by 2030.
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39h Updated FA Center: Forget the fiduciary standard — financial advisers need a code of ethics
Market Watch
Financial advisers should be like doctors and take a ‘Hippocratic oath’.
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39h German prosecutor says is in touch with U.S. authorities on Daimler
Reuters
FRANKFURT (Reuters) - German prosecutors, who searched Daimler's offices this week as part of an investigation into diesel pollution, are talking to U.S. authorities, the Stuttgart public prosecutor's office said on Wednesday.
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39h Updated Amazon’s first New York City bookstore opens on Thursday
Market Watch
Amazon is opening its seventh store in New York City’s Columbus Circle on Thursday.
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39h Futures Movers: Oil prices stall ahead of OPEC meeting
Market Watch
Ahead of this week’s OPEC meeting and a looming decision on output cuts by major producers, oil prices are rising. U.S. supply data is coming.
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39h Need to Know: How to make money while everyone else racks up student debt and car loans
Market Watch
Stocks don’t seem that interested in giving back much after four up sessions in a row. The Dark Bid financial blog has thrown a bone to the doom-and-gloomers, however, saying “Big Short 2.0” is all about student debt and car loans.
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39h Market Snapshot: U.S. stocks tries for 5th day of gains ahead of Fed minutes
Market Watch
Wall Street is headed for a choppy session on Wednesday, with stock futures for all three major benchmarks flickering around the flat ine ahead of minutes from the Federal Reserve’s latest meeting, which could quell doubts about a June interest-rate hike.
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39h Updated German prosecutor probing Daimler says is in touch with U.S. authorities
Reuters
FRANKFURT (Reuters) - German authorities involved in raiding Daimler's offices as part of a probe into diesel pollution are talking to authorities in the United States, the Stuttgart public prosecutor's office said on Wednesday.
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39h World stocks slip on China downgrade, ahead of Fed minutes
Reuters
LONDON (Reuters) - World stocks inched lower on Wednesday after China's sovereign credit rating was downgraded and as investors eyed a pause in Wall Street's four-day winning streak, the longest in over three months.
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40h From Eiffel Tower to Burj Khalifa—world landmarks pay tribute to Manchester victims
Market Watch
Famous monuments around the world were Tuesday night paying tribute to the Manchester bombing victims, with landmarks from the Eiffel Tower to Burj Khalifa going dark completely dark or lighting up in the Union Jack flag.
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40h Updated MarketWatch First Take: Intel and AMD license rumors should finally be dead
Market Watch
Advanced Micro Devices Inc. stock continued on a volatile path Monday, as Chief Executive Lisa Su did her best to shoot down a rumor that just won’t seem to die.
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40h Updated More shoppers are saying ‘yes’ to their wedding dress by clicking ‘buy’online
Market Watch
E-commerce continues to branch out into unexpected categories such as weddings, jewelry and art
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40h Judge gives RBS week to end investor suit or face trial
Reuters
LONDON (Reuters) - A British judge has given Royal Bank of Scotland a week to avoid a trial by reaching a deal with investors who allege the bank misled them over its 2008 fundraising.
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Milllennial, pursuing her acting dream, struggles to invest for the future40h Milllennial, pursuing her acting dream, struggles to invest for the future
USA Today
Kate Strauss, 24, tries to cut back on spending and hopes to put away money this fall.
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3 ways to save money and fight vampires40h 3 ways to save money and fight vampires
USA Today
Here are 3 ways you can save on your electricity bill, and you won’t need any garlic.
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40h Updated Auto lender Santander checked income on just 8% of subprime loans bundled into bonds
Market Watch
Santander Consumer USA Holdings Inc., which is counted among the biggest subprime auto-loan firms, verified income on just 8% of borrowers on loans it recently bundled into $1 billion of bonds, Moody’s Investors Service said.
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40h The Wall Street Journal: Trump meets with Pope Francis amid policy clashes that include the environment
Market Watch
President Donald Trump met Wednesday morning with Pope Francis, in a much-anticipated encounter between two leaders who have clashed in the past and share few policy priorities.
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Amazon brings its physical bookstore to New York40h Amazon brings its physical bookstore to New York
USA Today
Unlike other bookstores, Amazon isn’t necessarily relying on the books themselves to keep the business afloat.
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A study guide for Fed’s upcoming meeting minutes40h A study guide for Fed’s upcoming meeting minutes
USA Today
Investors are searching for clues on how the Fed will act on interest rates at June meeting.
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Browse around a physical Amazon bookstore41h Browse around a physical Amazon bookstore
USA Today
Amazon now has physical bookstores for its customers. Here is a look inside one of them.
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How to check out a book at an Amazon Bookstore without your credit card41h How to check out a book at an Amazon Bookstore without your credit card
USA Today
You don't even need your credit card to get a book from an Amazon bookstore.
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What can you find in a physical Amazon bookstore?41h What can you find in a physical Amazon bookstore?
USA Today
Amazon Books Vice President Jennifer Cast talks about what you can find in a physical Amazon Bookstore.
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41h Linde board to vote on Praxair deal next week: WirtschaftsWoche
Reuters
FRANKFURT (Reuters) - German industrial gases group Linde's supervisory board will vote next week on a merger agreement with U.S. peer Praxair , German weekly WirtschaftsWoche reported, citing sources close to the negotiations.
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41h Trump tax reforms could push Israeli tech companies to the U.S.
Reuters
JERUSALEM (Reuters) - U.S. President Donald Trump's plans for sharp cuts to corporate taxes will lead Israeli technology companies, a lynchpin of Israel's economy, to consider shifting their domicile to the United States, industry and accountancy executives say.
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41h Caroline Baum: What exactly is Trumponomics?
Market Watch
Defining Trumponomics isn’t easy with a president who frequently changes his mind, writes Caroline Baum.
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Apple’s gift to schools: Free app development curriculum41h Apple’s gift to schools: Free app development curriculum
USA Today
Apple is creating a new curriculum designed to teach app development to high school and college students with little to no prior experience in coding.  The price: Free.
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41h Europe Markets: European stock gains limited as auto, mining shares fall; Draghi on deck
Market Watch
Most major European markets ebbed lower, with automobile makers Daimler and Fiat Chrysler and mining stocks among those struggling, while investors were preparing to hear from European Central Bank and Federal Reserve officials.
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41h Updated The Wall Street Journal: Moody’s downgrades China rating for the first time in nearly 30 years
Market Watch
Citing expectations that the country’s financial strength will deteriorate in the coming years, Moody’s Investors Service has slashed the credit rating of China for the first time since 1989.
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41h The Wall Street Journal: Ex-CIA director Brennan sheds light on probe into Russian election interference
Market Watch
The testimony by Brennan, while not citing evidence of collusion by Trump associates in Russia’s alleged interference in the 2016 presidential election, sheds new light on why federal agents decided last year to initiate a full investigation.
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41h Updated OPEC, non-OPEC hold informal talks to nail new oil cuts
Reuters
VIENNA (Reuters) - OPEC and non-OPEC ministers meet for informal consultations in Vienna on Wednesday in a last-ditch bid to agree the duration of oil output cuts as they seek to clear a global stocks overhang that has pulled down the price of crude.
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42h Market Snapshot: U.S. stocks set for 5th day of gains ahead of Fed minutes
Market Watch
Wall Street eyes a fifth straight day of gains on Wednesday, with stock futures for all three major benchmarks advancing ahead of minutes from the Federal Reserve’s latest meeting that could quell doubts about a June interest-rate hike.
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42h General Electric signs 1 billion riyal deal to build gas turbines in Saudi Arabia
Reuters
RIYADH (Reuters) - General Electric (GE) signed a one billion riyal ($267 million) joint venture agreement on Wednesday with Saudi Arabia's state-backed Dussur industrial development company to manufacture gas turbines in the eastern city of Dammam.
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42h The New York Post: NFL’s Odell Beckham could earn $48 million via a record-busting deal with Nike
Market Watch
Nike has officially retained Odell Beckham Jr. in a five-year deal worth more than $29 million, and the most lucrative shoe deal ever signed for an NFL player.
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43h Recent global stock upturn fizzles after China rating downgrade
Reuters
LONDON (Reuters) - World stocks inched lower on Wednesday after China's sovereign credit rating was downgraded and as investors eyed a pause in Wall Street's four-day winning streak, the longest in over three months.
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43h Updated Uber inadvertently underpaid New York City drivers for over two years
Reuters
(Reuters) - Uber Technologies Inc [UBER.UL] said on Tuesday it underpaid its New York City drivers for the past two-and-a-half years, an error that could cost the ride-hailing company tens of millions of dollars.
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43h London Markets: Mining, retail shares tug FTSE 100 slightly into the red
Market Watch
Blue-chip stocks in the U.K. slipped Wednesday, with pressure on mining shares setting up to pull the market lower for a second straight session.
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43h Updated Bunge says not in talks with Glencore following approach
Reuters
CHICAGO (Reuters) - U.S. grains trader Bunge Ltd said on Tuesday it was not in talks with Swiss mining and commodities group Glencore Plc , after the latter said it had made an informal approach to discuss "a possible consensual business combination."
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43h Oil prices rise as market expects extended production cut
Reuters
SINGAPORE (Reuters) - Oil prices rose on Wednesday, supported by confidence that an OPEC-led output cut aimed at tightening supply would be extended to all of 2017 and the first quarter of next year.
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43h Updated The Fed: Fed minutes may quell doubt about a June interest-rate hike
Market Watch
Minutes of the Fed’s May 2-3 meeting are likely to put an end to doubts about a June interest rate hike.
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44h Updated Here’s one thing that could scuttle an extension of OPEC’s oil output cuts
Market Watch
To most oil analysts and traders, an extension to OPEC’s production cuts seems like a done deal, but there’s still one thing that could derail the whole thing: A flare-up in tensions between Saudi Arabia and other key cartel members.
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44h The New York Post: Uber owes its New York City drivers millions due to accounting mistake
Market Watch
The company admitted Tuesday that it mistakenly was taking its fee before accounting for the 2.5 percent black car fee and taxes, which was costing drivers each trip.
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44h Updated Commodities Corner: 4 potential outcomes for OPEC’s crucial meeting
Market Watch
Saudi Arabia will have Saudi Aramco’s IPO in mind as OPEC makes its decision on whether to extend its production-cut deal beyond its June expiration.
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45h RBS struggles to seal deal over 2008 cash call dispute: sources
Reuters
LONDON (Reuters) - Royal Bank of Scotland is struggling to reach a deal with all the investors who allege the lender misled them during a 12 billion pound ($15.6 billion) cash call in 2008, two sources familiar with the situation said.
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45h Updated Futures Movers: Oil continues to gain ahead of OPEC meeting
Market Watch
Ahead of this week’s OPEC meeting and a looming decision on output cuts by major producers, oil prices are rising. U.S. supply data is coming.
 Like Reply
46h Asia Markets: China stocks pare losses, but remain weaker after Moody’s downgrade
Market Watch
Shares in Shanghai slip back as a Moody’s downgrade reminds investors of China’s continued growth in outstanding borrowings—especially among companies.
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46h U.S. financial council reimagined as boon, not bane, for Wall Street
Reuters
WASHINGTON (Reuters) - The Financial Stability Oversight Council (FSOC), which brings together all U.S. financial watchdogs, used to be the scourge of Wall Street but under Treasury Secretary Steven Mnuchin it can serve to ease its regulatory burdens.
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Survey: small business owners remain optimistic about growth46h Updated Survey: small business owners remain optimistic about growth
USA Today
Small business owners are largely optimistic about their ability to grow business and raise revenue in the year ahead.
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46h U.S. appeals court to hear cases that could weigh on Wall Street policing
Reuters
WASHINGTON (Reuters) - A U.S. appeals court will weigh whether certain hiring practices at two of the country's top financial market regulators violate the Constitution on Wednesday, in a pair of cases that could have major ramifications for the policing of Wall Street.
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Roche: Diabetics could save thousands on blood glucose monitoring system47h Roche: Diabetics could save thousands on blood glucose monitoring system
USA Today
"We knew that access was a problem," Roche diabetes executive says.
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