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32m Ford names James Hackett CEO as challenges mount
Reuters
WASHINGTON/DEARBORN, Mich. (Reuters) - Ford Motor Co on Monday named James Hackett, who heads its unit developing self-driving cars, as chief executive officer, responding to investors' growing unease about the U.S. automaker's stock price and prospects.
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Financial News Online

Currencies in USD
GBP 1,30 +0,077%
EUR 1,12 +0,534%
CHF 1,03 +0,583%
43m The surprising debts that are holding many Americans back
Market Watch
Credit card debt and student loans aren’t the only culprits
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44m Updated Need to Know: Why stashing cash to ‘buy the dip’ is an ‘abysmal’ investment strategy
Market Watch
Did that recent rough patch have you licking your lips over the “buy the dip” potential? If it did then you probably came away with a nice payday. Fun when it works like that. Of course, it doesn’t always.
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Trump to grant student loan servicing work to just one company45m Updated Trump to grant student loan servicing work to just one company
USA Today
The Department of Education will hand over the work of servicing federal student loans to one company from the current nine.
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47m Updated Huntsman-Clariant: A Chemical Experiment Worth Pursuing
The Wall Street Journal
Huntsman and Clariant think they offer the perfect mix: a $14 billion merger of equals without overlapping businesses or rivalries but with hugely valuable cost savings.
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51m Feeling powerless in Trumpland? Don’t wait — take action now
Market Watch
There will be more chaos and scandals, but we Americans — to say nothing of Republicans — don’t need to be passive observers.
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53m Updated Futures Movers: Oil prices climb as investors wait for OPEC meeting
Market Watch
Bull markets remain in charge for oil as the week starts, and investors get ready for an OPEC meeting later this week.
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1h The Wall Street Journal: Citi, Nasdaq team up for blockchain payment system
Market Watch
The two companies said they have been working together, along with technology startup Chain Inc., for months to link Citigroup’s business payments services to Nasdaq’s blockchain platform that has been used for activities such as buying and selling shares of private companies.
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1h Currencies: Euro climbs to 6-month high after Merkel says ECB made it ‘too weak’
Market Watch
The euro rose against the dollar on the back of comments by German Chancelor Angela Merkel, who blamed the European Central Bank policies for making the single currency “too weak.”
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1h 6m The Wall Street Journal: Flynn will invoke the Fifth Amendment in response to Senate subpoena
Market Watch
Former national security adviser Mike Flynn will decline to cooperate with a Senate subpoena, invoking his constitutional right against self incrimination and setting off a legal showdown with Congress
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Who is Jim Hackett? Ford names new CEO1h 8m Who is Jim Hackett? Ford names new CEO
USA Today
Hackett is credited with outside-the-box thinking at Steelcase.
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1h 10m Updated This social network ranks as the worst for young people’s mental health
Market Watch
Constantly browsing other people’s fabulous lives online may exacerbate anxiety and depression.
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1h 11m The Margin: On Trump’s first trip overseas, Twitter becomes mesmerized by a glowing orb
Market Watch
A widely circulated photo of President Trump with fellow Saudi and Egypt leaders puts social media jokers in mind of supervillains and conspiracy theories — stealing the limelight on Trump’s official visit to the Middle East.
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1h 13m Updated FA Center: Where baseball legend David Ortiz invests his money
Market Watch
This is how ‘Big Papi’ prepared financially for his retirement.
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1h 19m Updated German government at odds with itself over Greek debt relief
Reuters
BERLIN (Reuters) - Germany's coalition government split along party lines on Monday over the question of debt relief for Greece ahead of a crunch meeting in Brussels to tackle the thorny issue.
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1h 24m Market Snapshot: U.S. stocks rise, erasing much of last week’s decline
Market Watch
U.S. stocks rise Monday, as the market’s recent uptrend appears to return after increased volatility last week, although more pronounced gains from near-record levels may be hard to achieve amid continued political uncertainty.
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Payday loans are dying. Problem solved? Not quite1h 25m Payday loans are dying. Problem solved? Not quite
USA Today
Payday loans — the “lifesavers” that drown you in debt — are on the decline.
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1h 26m Updated Oil up on expectations of extended, possibly deeper, output cut
Reuters
LONDON (Reuters) - Oil prices rose on Monday, bolstered by confidence that top exporters will this week agree to extend supply curbs, with suggestions the cuts could even be deepened.
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1h 28m Updated Supreme Court rejects challenge to state retroactive tax changes
Reuters
WASHINGTON (Reuters) - The U.S. Supreme Court on Monday declined to hear a challenge by several major corporations to a Michigan law that retroactively changed the way businesses are taxed in the state, leading to $1 billion extra for government coffers.
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1h 28m The Wall Street Journal: NBCUniversal to televise Rugby World Cup in 2019, 2023
Market Watch
NBCUniversal has reached a deal to televise the next two Rugby World Cups in an attempt to make a sport that is wildly popular in other parts of the world more mainstream in the U.S.
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1h 31m Updated In One Chart: This is why baby boomers are divorcing at a stunning rate
Market Watch
When ‘until death do us part’ sounds like agony
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1h 33m Updated Ford replaces CEO Fields as challenges mount
Reuters
WASHINGTON/PARIS (Reuters) - Ford Motor Co is replacing Chief Executive Officer Mark Fields with James Hackett, the head of the unit developing self-driving cars, the U.S. automaker said on Monday, responding to investors' growing unease over its stock price and prospects.
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1h 37m Financial regulation: Rein in the banks, or let the market work?
Market Watch
A closer look at the two main competing visions—and what they mean for consumers, institutions and the economy
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1h 40m Updated This is America’s real health problem
Market Watch
Health care in the U.S. has become a high-stakes scheme that often puts profits before people, this author says.
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1h 42m Wall St. opens higher as oil prices, defense stocks rise
Reuters
(Reuters) - Wall Street gained in early trading on Monday, helped by higher oil prices and as defense stocks rose after a $110 billion arms deal between the United States and Saudi Arabia.
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1h 43m Updated Why free college isn’t always free
Market Watch
Don’t assume all tuition-free programs are created equal.
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Huntsman merges with Switzerland’s Clariant in chemicals deal1h 46m Huntsman merges with Switzerland’s Clariant in chemicals deal
USA Today
The companies said Monday they plan to combine in “a merger of equals” through an all-stock transaction.
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1h 47m 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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Tech tricks that make running your business a breeze1h 49m Updated Tech tricks that make running your business a breeze
USA Today
Being a business owner seems so glamorous -- until you do it. 
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1h 54m 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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1h 54m Key Words: Wilbur Ross heartened by lack of protesters in Saudi Arabia
Market Watch
Commerce Secretary Wilbur Ross said he was heartened by lack of any protestors in Saudi Arabia during President Donald Trump’s visit over the weekend.
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1h 57m GE to face probe related to LM Wind Power deal: Bloomberg
Reuters
(Reuters) - General Electric Co is being investigated by the European Union for providing misleading information during a merger review, Bloomberg reported on Monday, citing two people familiar with the case.
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Ford CEO Mark Fields is ousted, replaced by ex-Steelcase CEO Jim Hackett2h Updated Ford CEO Mark Fields is ousted, replaced by ex-Steelcase CEO Jim Hackett
USA Today
The company's board grew impatient at Ford's lagging stock price.
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2h Bond Report: Treasury yields edge up ahead of busy week for Federal Reserve
Market Watch
Treasury yields rise as investors look to see whether the Federal Reserve will stay on track to hike rates amid tepid first quarter economic numbers and political uncertainty.
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2 Jaw-dropping stocks for future millionaires2h 2 Jaw-dropping stocks for future millionaires
USA Today
Renowned investors David and Tom Gardner are scheduled to reveal their next great stock ideas. It pays to listen.
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2h OPEC Sec-Gen sees growing consensus on duration of oil cut extension
Reuters
VIENNA (Reuters) - OPEC Secretary-General Mohammad Barkindo said on Monday he saw a growing consensus among the group's members as well as non-OPEC producers on the duration of oil cuts extension.
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2h NewsWatch: Why stashing cash to ‘buy the dip’ is an ‘abysmal’ investment strategy
Market Watch
Did that recent rough patch have you licking your lips over the “buy the dip” potential? If it did then you probably came away with a nice payday. Fun when it works like that. Of course, it doesn’t always.
 Like Reply
2h Capitol Report: White House moves to block ethics probe into ex-lobbyists on payroll | What to watch for in Trump’s budget
Market Watch
White House moves to block ethics probe into ex-lobbyists; what to watch for in Trump’s budget; Chaffetz expects to speak with Comey on Monday; and more.
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2h Economic Report: Chicago Fed’s national economic measure at multimonth high, with housing its only drag
Market Watch
U.S. hiring improved and factories were busier last month, enough to overcome weaker consumer spending and drive up a broad measure of April national economic activity released Monday by the Chicago Federal Reserve.
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2h Financial News: Madoff’s closest prison chum? Colombo crime-family boss Carmine Persico Jr.
Market Watch
Shortly after Bernie Madoff arrived in prison, at the start of a 150-year sentence, the mastermind behind the largest financial fraud in history was slapped in the face.
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2h Updated China tells U.S. trade representative stronger cooperation needed
Reuters
BEIJING (Reuters) - China's commerce minister Zhong Shan told new United States Trade Representative Robert Lighthizer the two sides should strengthen cooperation and manage disputes in trade, according to a statement on the website of China's Ministry of Commerce on Monday.
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2h Updated Shareholders take Akzo Nobel to court to oust Chairman Burgmans
Reuters
AMSTERDAM (Reuters) - Akzo Nobel shareholders angered by the Dulux owner's rejection of a 26.3 billion euro ($29.5 billion) takeover offer from U.S. rival PPG Industries took their fight to an Amsterdam court on Monday.
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3h BookWatch: How New York’s longest manhunt marked the beginning of the end for print media
Market Watch
The author’s new book, “Incendiary,” explores one newspaper’s role in the pursuit of the 1950s Mad Bomber
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3h Market Extra: How to make money as the ‘disenchanted’ middle class changes politics
Market Watch
Populism is reshaping politics — here’s how Credit Suisse says you can make money from that and four other “supertrends” expected to emerge within the next decade.
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3h Metals Stocks: Gold tries to add to recent gains as dollar eases, stocks steady
Market Watch
Gold prices firmed Monday, looking to add to the their largest weekly gain since mid-April, as declines in the U.S. dollar index and seemingly stalled equities boosted demand for the metal.
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Avocado lattes may be just what hipster Millennials dreamed of. Or maybe not.3h Avocado lattes may be just what hipster Millennials dreamed of. Or maybe not.
USA Today
A café in Melbourne, Australia, is serving up lattes – complete with designs etched into the foam – in hollowed out avocado skins.
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Reports: Ford CEO Mark Fields is being ousted3h Updated Reports: Ford CEO Mark Fields is being ousted
USA Today
The company's board grew impatient at Ford's lagging stock price.
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3h EU to conclude Google antitrust cases in next few months
Reuters
OXFORD, England (Reuters) - EU antitrust regulators will rule in the "next few months" whether Alphabet's Google abused its dominance of internet searches and other areas, a senior European Commission official said on Monday, an outcome that could lead to a hefty fine.
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Ford CEO Mark Fields is being ousted3h Ford CEO Mark Fields is being ousted
USA Today
Ford Motors is expected to give current CEO Mark Fields the boot and promote Jim Hackett. Josh King has the story (@abridgetoland).
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America’s newest candy fad is on its way - finally3h America’s newest candy fad is on its way - finally
USA Today
The Kinder Egg, long-famous in other parts of the world as a delicious chocolate egg with a toy inside, is finally coming to the U.S.
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3h Exclusive: ECB plan to take euro clearing from London stalled by infighting - sources
Reuters
FRANKFURT (Reuters) - Discord between the euro zone's three largest countries is stalling the European Central Bank's efforts to come up with a way to force euro clearing out of London and put it under its watch, three sources told Reuters.
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3h Market Snapshot: U.S. stocks set for tepid advance, as investors watch for the next catalyst
Market Watch
U.S. stocks are poised for modest gains Monday, as investors watch for the next catalyst for markets, looking to politics amid thin pickings in corporate news.
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3h Metals Stocks: Gold keeps rally going as dollar eases, stocks churn
Market Watch
Gold prices firmed Monday, looking to add to the their largest weekly gain since mid-April, as declines in the U.S. dollar index and seemingly stalled equities boosted demand for the metal.
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3h In One Chart: This chart shows how stocks aren’t breaking down — but not breaking out, either
Market Watch
Bulls don’t have a breakout to cheer, but bears also can’t pat themselves on the back yet, according to chart watchers.
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3h Updated Ford to fire CEO Fields as challenges mount: sources
Reuters
PARIS/DETROIT (Reuters) - Ford Motor Co. is set to replace Chief Executive Mark Fields with James Hackett, the head of its mobility arm, company sources said, responding to growing investor unease over the U.S. carmaker's stock performance and prospects.
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Avocado latte may be just what hipster Millennials dreamed of. Or maybe not.3h Avocado latte may be just what hipster Millennials dreamed of. Or maybe not.
USA Today
A café in Melbourne, Australia, is serving up lattes – complete with designs etched into the foam – in hollowed out avocado skins.
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3h China slaps import duties on sugar; experts question impact
Reuters
BEIJING (Reuters) - China said on Monday it will impose hefty penalties on sugar imports after lobbying by domestic mills, but experts said the ruling may not go far enough to stem the flow of lower-priced sweetener into the world's top importer.
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3h Currencies: Pound declines after shift in U.K. election polls; euro climbs
Market Watch
The U.S. dollar moved higher against the pound Monday, with the British currency under pressure after a big lead by the Conservative Party in polls has been cut down heading into next month’s U.K. general election.
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4h Long seen as partners, Huntsman and Clariant seal $14 billion merger
Reuters
ZURICH/FRANKFURT (Reuters) - U.S.-based Huntsman Corp and Swiss Clariant AG are combining to create a chemical manufacturer with a market value of over than $14 billion, the deal coming together after years of tentative mutual approaches.
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4h Chinese regulator approves VW-JAC Motor electric car venture
Reuters
BEIJING (Reuters) - Germany's Volkswagen AG and Anhui Jianghuai Automobile Group (JAC Motor) have received approval from Chinese regulators to form a joint venture to make electric vehicles, the two automakers said on Monday.
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4h J.C. Penney, Gymboree and J. Crew at risk -- and it’s not all Amazon’s fault
Market Watch
The bloodletting in the retail sector is expected to create a wave of bankruptcies, debt restructurings and defaults in the next 12 months.
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4h 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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Free up cash: 3 reasons to pay off your mortgage early4h Free up cash: 3 reasons to pay off your mortgage early
USA Today
Accelerating a mortgage isn't easy, but it can be done. Here are a few good reasons to make the effort.
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4h Updated Economic Preview: Buoyant U.S. economy rides out rough political sea, but more storms ahead
Market Watch
The U.S. economy is blossoming again like a bed of spring flowers, but now a wary eye is being cast toward an impending storm front that threatens to move in: The ongoing political eruptions in Washington.
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4h Updated The Wall Street Journal: Ford to replace CEO Mark Fields with Jim Hackett amid pressure on profit
Market Watch
Ford Motor Co. will replace Chief Executive Mark Fields with Jim Hackett, the former head of office-furniture maker Steelcase Inc. who joined the auto maker in 2016, according to people familiar with the matter.
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4h Market Snapshot: U.S. stocks poised for a steady open, as investors watch for the next catalyst
Market Watch
U.S .stocks were set for a largely flat opening, as investors waited to see if last week’s pullback was merely a blip or the start of something bigger. Fed minutes will remain the main attraction this week.
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4h In One Chart: Why the stock market will be fine if Trump’s tax cuts don’t happen — in one chart
Market Watch
The market is expecting very little in the way of policy changes, making stocks less likely to fall if the changes don’t occur, according to RBC strategists.
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4h Carlyle battles insurers in New York over Moroccan oil losses
Reuters
LONDON (Reuters) - U.S. private equity firm Carlyle Group is suing a group of its insurers over $400 million worth of oil it claims it lost when Morocco's sole refinery went bankrupt two years ago, court documents show.
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Fed minutes could clarify mixed rate hike messages4h Fed minutes could clarify mixed rate hike messages
USA Today
Also this week: reports on housing sales, business investment, Q1 GDP growth
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4h JAC Motor says China approves electric vehicles venture with VW
Reuters
BEIJING (Reuters) - Anhui Jianghuai Automobile Group (JAC Motor) said on Monday it has received approval from Chinese regulators to form a joint venture with German automaker Volkswagen AG to make electric vehicles, according to a stock exchange filing.
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5h Updated The Margin: On Trump’s first trip overseas, the internet becomes mesmerized by a glowing orb
Market Watch
A widely circulated photo of President Trump with fellow Saudi and Egypt leaders puts social media jokers in mind of supervillains and conspiracy theories — stealing the limelight on Trump’s official visit to the Middle East.
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Boeing inks defense, passenger jet deal with Saudi Arabia5h Updated Boeing inks defense, passenger jet deal with Saudi Arabia
USA Today
U.S. aerospace giant says it will sell military and commercial aircraft to U.S. ally
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Boeing signs deal with Saudi Arabia5h Boeing signs deal with Saudi Arabia
USA Today
Boeing Co has signed several defense and commercial deals with Saudi Arabia. According to reuters, the deal includes the sale of military and passenger aircraft. The U.S State Department announced in December that it would sell Saudi Arabia CH-47F Chinook cargo helicopters and related equipment, training and support worth $3.51 billion. The total value of the deals was not disclosed in a statement announcing the agreements. Saudi Arabia is seeking closer defense and commercial ties with the United States under Trump, as it seeks to develop its economy beyond oil. It currently leads a coalition that is fighting a war in Yemen.
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5h Europe stutters as political rumblings return
Reuters
LONDON (Reuters) - European shares, the euro and the pound all stumbled on Monday as rumblings in Spain, Britain and Brussels reminded investors that the region still has plenty of political uncertainty left in the tank.
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5h Peter Morici: The coming debt crisis
Market Watch
Politicians of both parties shouldn’t bury their heads in the sand about the looming debt crisis, writes Peter Morici.
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Who is Jim Hackett, likely to be named CEO of Ford?5h Who is Jim Hackett, likely to be named CEO of Ford?
USA Today
Hackett is credited with outside-the-box thinking at Steelcase.
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6h Europe Markets: European stocks edge higher as U.S. political commotion subsides
Market Watch
European stocks are logging modest gains Monday, beginning the week with a merger agreement in the chemicals industry and with relative calm on the political front, troubles from which last week pulled regional benchmarks into the red.
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6h The Tell: Zuckerberg: Facebook looking at connecting you with ‘people you should know’
Market Watch
Facebook has been focused on connecting you with people you already know, but it “might be just as important to also connect you with people you should know,” says CEO Mark Zuckerberg. He’s not running for office, he adds.
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6h Updated Airbus hires outside monitors amid fraud investigations
Reuters
PARIS (Reuters) - Airbus has appointed an independent panel including two former ministers to examine its anti-corruption practices after Britain and France launched fraud and bribery investigations into the sale of jetliners.
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6h Updated RBS tries for last-minute settlement before investor court case: sources
Reuters
LONDON (Reuters) - Royal Bank of Scotland (RBS) has tried to reach a last-minute settlement with a group of investors who allege that the lender misled them over a 2008 capital increase, according to two people close to the matter.
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6h Updated Deutsche Boerse CEO seeks end to insider trading probe: Handelsblatt
Reuters
FRANKFURT (Reuters) - Deutsche Boerse Chief Executive Carsten Kengeter's defense team is negotiating with prosecutors to drop an insider trading investigation against him, German daily Handelsblatt reported on Monday.
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6h Updated Ford set to fire CEO Mark Fields as shares founder: source
Reuters
PARIS/DETROIT (Reuters) - Ford Motor Co is expected to announce the departure of Chief Executive Mark Fields in a broad management shake-up, a company source said - a move that reflects growing investor unease over the company's stock market performance and outlook.
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6h Financial regulation: reign in the banks, or let the market work?
Market Watch
A closer look at the two main competing visions—and what they mean for consumers, institutions and the economy
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6h Updated Loss-making Cathay Pacific makes biggest job cuts in 20 years
Reuters
SYDNEY/SHANGHAI (Reuters) - Cathay Pacific Airways Ltd said on Monday it was cutting 600 jobs, its biggest headcount reduction in almost two decades, as it seeks to return to profitability in an industry battered by falling ticket prices.
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6h Updated Shareholders take Akzo Nobel to court in effort to aid PPG takeover
Reuters
AMSTERDAM (Reuters) - Akzo Nobel shareholders angered by the Dutch paint maker's rejection of a 26.3 billion euro ($29.5 billion) takeover offer from U.S. rival PPG Industries on Monday took their fight to an Amsterdam court.
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7h London Markets: Miners, oil shares lead the FTSE 100 higher
Market Watch
U.K. blue-chip shares gained Monday, with energy shares advancing on the back of a rise in oil prices ahead of this week’s OPEC meeting to discussion production targets.
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7h Updated The Wall Street Journal: White House to roll out budget proposal, cutting Medicaid, assistance to the poor
Market Watch
The White House on Tuesday will roll out a budget proposal crystallizing the president’s priorities in a blueprint that calls for large cuts to social safety-net programs.
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8h Ford fires CEO Mark Fields, Hackett takes reins: reports
Reuters
DETROIT (Reuters) - Ford Motor Co Chief Executive Mark Fields is set to leave the carmaker as part of a shake-up that includes other top executive changes as the company's shares hover near a 52-week low, several media reported on Monday.
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8h Updated Oil rises on expectation of extended, possibly deepened output cut
Reuters
SINGAPORE (Reuters) - Oil rose on Monday, pushed by reports that an OPEC-led supply cut may not just be extended into 2018 but might be deepened to tighten the market and prop up prices.
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8h Ford to replace CEO Mark Fields with James Hackett: Forbes
Reuters
(Reuters) - Ford Motor Co Chief Executive Mark Fields will leave the carmaker as part of a shake-up that includes other top executive changes, Forbes reported late on Sunday, citing a person familiar with the situation.
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Who is Jim Hackett? New Ford CEO overhauled Steelcase8h Who is Jim Hackett? New Ford CEO overhauled Steelcase
USA Today
Hackett is credited with outside-the-box thinking at Steelcase.
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9h Asia Markets: Asian stocks rise as investors fret less about U.S. political concerns
Market Watch
Investors also largely shrugged off further missile tests by North Korea over the weekend.
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9h Asian stocks post biggest rise in a month as markets settle
Reuters
HONG KONG (Reuters) - Asian stocks posted their biggest daily rise in a month on Monday following modest gains in U.S. shares, though the greenback came under renewed pressure as Washington's political turmoil undermines confidence in U.S. economic policy.
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9h Exclusive: Barclays to hire 100 staff in private banking push
Reuters
LONDON (Reuters) - Barclays will hire 100 new staff in its private bank as it launches its second attempt in the last seven years to win more business from wealthy clients, a source with direct knowledge of the plans told Reuters.
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Reports: Ford CEO Mark Fields is ousted9h Updated Reports: Ford CEO Mark Fields is ousted
USA Today
The company's board grew impatient at Ford's lagging stock price.
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10h Dollar inches up but U.S. political woes keep it near six-month lows
Reuters
TOKYO (Reuters) - The dollar inched higher on Monday, but remained close to six-month lows against a basket of currencies as investors assessed the impact of the latest bout of U.S. political turmoil and a resurgent euro.
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11h Updated Singapore’s OCBC Bank starts private banking business in Indonesia
CNBC
Singapore's second largest lender by assets OCBC said Monday its Indonesian subsidiary will start a private banking unit.
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11h Bitcoin options exchange raises $11.4 million in funding
Reuters
NEW YORK (Reuters) - Ledger Holdings, the New York-based parent company of bitcoin options exchange LedgerX, said on Monday it closed $11.4 million in funding led by Miami International Holdings Inc and China's Huiyin Blockchain Venture Investments.
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11h Updated In One Chart: These are the highest (and lowest) paying jobs in every state across the country
Market Watch
Microsoft founder Bill Gates dropped some knowledge on college grads last week by pointing them to artificial intelligence as one of the “promising fields where you can make a huge impact.” But right now the best wages are being paid in health care.
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12h Asian stocks post biggest rise in a month; dollar weak
Reuters
HONG KONG (Reuters) - Asian stocks posted their biggest daily rise in a month on Monday following modest gains in U.S. shares, though the greenback came under renewed pressure as Washington's political turmoil undermines confidence in U.S. economic policy.
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13h New Trump trade rep Lighthizer spars over protectionism in Asia
Reuters
HANOI (Reuters) - In a stormy first foray abroad for Robert Lighthizer, the new U.S. Trade Representative disagreed over protectionism with Asian and Pacific countries that look skeptically at the Trump administration's "fair trade" agenda.
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14h Cathay Pacific to cut 600 jobs, including 190 management staff
Reuters
HONG KONG/SYDNEY (Reuters) - Hong Kong's flagship carrier Cathay Pacific Airways Ltd said on Monday it would sack nearly 600 staff as the first step in a reorganization plan as the airline looks to return to profitability.
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14h Dollar hovers near six-month lows amid U.S. political uncertainty
Reuters
TOKYO (Reuters) - The dollar struggled to push ahead on Monday, holding near six-month lows against a basket of currencies as investors assessed the impact of U.S. political turmoil and a resurgent euro.
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14h Asian stocks set to drift higher on U.S. cues; dollar weak
Reuters
HONG KONG (Reuters) - Asian stocks are set to edge higher on Monday following cautious gains on Wall Street, though the dollar is set to come under pressure as Washington's political turmoil undermines confidence in U.S. economic policy.
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14h Updated The Fed: Fed minutes may quell fresh doubts about a June 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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14h Cathay Pacific to cut 600 jobs, including 190 management staff: SCMP
Reuters
HONG KONG (Reuters) - Hong Kong's flagship carrier Cathay Pacific Airways Ltd is to sack nearly 600 staff in its biggest round of job cuts in 20 years, the South China Morning reported on Monday.
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Sears is closing 30 more stores -- is yours on the list?14h Updated Sears is closing 30 more stores -- is yours on the list?
USA Today
Sears which announced it would be closing 150 stores has added other locations to the list
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15h The Wall Street Journal: Saudi Arabia’s $20 billion wager with Blackstone is record-sized bet on U.S. infrastructure
Market Watch
Saudi Arabia joined the parade of investors into U.S. public works by pledging a record investment with Blackstone Group LP.
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15h Updated The story behind the only bank prosecuted after the 2008 financial crisis
Market Watch
A new film argues that this small Chinatown bank was scapegoated after the financial crisis.
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15h The Wall Street Journal: Trump budget would convert many overseas military grants to loans
Market Watch
President Donald Trump’s budget proposal this week will include provisions to end many foreign military grants administered by the State Department and replace them with loans, a move that could affect up to $1 billion in aid to dozens of countries if Congress approves, U.S. officials said.
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16h The Wall Street Journal: Ford mulls significant management changes to address stock-price decline
Market Watch
Ford Motor Co. is considering significant changes to the auto maker’s senior leadership team amid tension among top executives, dissatisfaction with the stock price and a drive to clarify the company’s strategy, according to multiple people familiar with the situation.
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16h Updated This popular social network ranks as the worst for young people’s mental health
Market Watch
Constantly browsing other people’s fabulous lives online may exacerbate anxiety and depression.
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16h Updated Ringling Bros. and Barnum & Bailey Circus stages final ‘Greatest Show on Earth’ after 146 years
Market Watch
The Ringling Brothers and Barnum & Bailey Circus that has wowed crowds for nearly 150 years with its “Greatest Show on Earth,” before intense controversy over its use of live large animals, is taking its final bow Sunday night.
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16h Euro zone, IMF to seek compromise on Greek debt deal Monday
Reuters
BRUSSELS (Reuters) - Euro zone finance ministers and the International Monetary Fund will seek a deal on Monday on Greek debt relief that balances the IMF's demand for a clear "when and how" with Germany's preference for "only if necessary" and "details later".
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17h The Wall Street Journal: Box office for newest ‘Alien’ installment isn’t exactly out of this world
Market Watch
Ridley Scott’s “Alien” series came down to Earth at the box office this weekend, with the latest installment opening to a so-so $36 million, according to preliminary estimates.
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17h Updated Notre Dame students walk out on Mike Pence commencement speech
Market Watch
Dozens of graduates and family members silently stood and walked out Sunday as Vice President Mike Pence began his commencement address at the University of Notre Dame.
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18h The Wall Street Journal: Boeing anticipates potential widebody jet sale to Saudi airline
Market Watch
Boeing Co. said Sunday it had agreed to the potential sale of 16 widebody jets to a Saudi Arabian airline and a range of equipment for the country’s armed forces.
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18h NewsWatch: Trump urges Muslims to fight ‘crisis’ of extremism in Saudi speech
Market Watch
President Donald Trump on Sunday called on Muslim leaders across the globe to confront the “crisis of Islamic extremism,” in a speech aimed at corralling Arab allies around a new, combined effort to combat terrorism and Iranian aggression in the Middle East.
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19h Updated The fortunes of red and blue states can be tracked through their diverging credit scores
Market Watch
The creditworthiness of many red states have been on the decline.
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19h Updated 20 years after IPO: How Amazon came to dominate books, electronics and the cloud
Market Watch
Starting with books, Amazon has chosen categories that it can dominate, making it the e-commerce juggernaut it is today.
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19h Updated Market Snapshot: In the battle for control of the stock market, bulls may have an edge
Market Watch
In a landscape devoid of blockbuster earnings and policy catalysts, the stock market is likely to remain vulnerable to political uncertainty, setting the stage for another round of skirmish between the bulls and the bears.
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19h Updated Market Extra: Stock buyers were much more aggressive than sellers earlier in the week
Market Watch
Stock buyers were much more aggressive during Friday’s rally that sellers were during Wednesday’s tumble, according to the NYSE’s Arms Index.
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19h The Wall Street Journal: North Korea launches second ballistic missile in little over a week
Market Watch
North Korea successfully launched its second ballistic missile in a little more than a week, ramping up the pace of its testing as it seeks to develop the ability to target the continental U.S. with a nuclear-tipped weapon.
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19h Get your kids to play these sports to boost their chance at a college scholarship
Market Watch
Find out if your child should be wielding a tennis racket or a fencing epee — or both.
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19h Updated Millennials and baby boomers have conflicting views on when it’s time to pay your own way
Market Watch
Millennials and baby boomers share thoughts on when it’s time to leave the nest.
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19h Updated U.S. households now have as much debt as they had in 2008
Market Watch
U.S. households collectively have $1 trillion in credit-card debt.
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19h Updated Can this blob help people fight debt collectors?
Market Watch
An experiment is testing whether it’s as cost-effective as providing a lawyer.
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Success rate: What percentage of businesses fail in their first year?19h Success rate: What percentage of businesses fail in their first year?
USA Today
More businesses survive past their first year than you might expect. And that could be bad news for entrepreneurs.
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20h Boeing signs defense, commercial deals with Saudi Arabia
Reuters
DUBAI (Reuters) - Boeing Co has signed several defense and commercial deals with Saudi Arabia including for the sale of military and passenger aircraft, the company said on Sunday during a visit by U.S. President Donald Trump to the kingdom.
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20h The Wall Street Journal: Trump urges Muslims to fight ‘crisis’ of extremism in Saudi speech
Market Watch
President Donald Trump on Sunday called on Muslim leaders across the globe to confront the “crisis of Islamic extremism,” in a speech aimed at corralling Arab allies around a new, combined effort to combat terrorism and Iranian aggression in the Middle East.
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20h The Wall Street Journal: Trump, Saudi Arabia, other Gulf states sign pacts worth $350 billion meant to counterbalance Iran
Market Watch
A welcome by the Saudi royal family and a $110 billion package of new arms deals defined the first day on Saturday of U.S. President Donald Trump’s maiden trip overseas and sent a message about countering Iran, a shared adversary in the Middle East.
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22h Updated J.C. Penney’s ‘smart’ B2B push into hotels is an encouraging sign for investors
Market Watch
J.C. Penney’s push into the B2B services business for the hospitality market is a sign that the company is going on the offensive, rather than just passively playing defense.
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22h Updated Target’s earnings beat won’t do much to change investor opinion, analysts say
Market Watch
Target’s first-quarter results beat expectations, but analysts think investors are more concerned about the shift to digital.
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22h Updated Germany’s Lidl to open its first U.S. stores in June, create 5,000 jobs
Market Watch
Lidl, which had planned on making its U.S. store debut in 2018, will launch its bricks-and-mortar locations on June 15.
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22h The Ratings Game: Salesforce sails into record territory, and analysts see calm waters ahead
Market Watch
Salesforce.com Inc. investors seemed to have mixed feelings on the cloud-software company’s latest earnings report. Analysts, though, had no misgivings, and were quite forceful about it.
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22h Updated Male rompers are coming to Reebok in the form of the ‘ReeRomp’
Market Watch
Reebok said Thursday that it will begin selling a men’s romper, the ReeRomp by Reebok, for a limited time, starting today.
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22h The Number One: The U.S. is the most obese nation in the world, just ahead of Mexico
Market Watch
The U.S. is the fattest nation in the world, according to a survey by the Organization for Economic Cooperation and Development and by 2030, the obesity rate could be close to 50%.
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22h Updated The Ratings Game: Gap’s earnings beat expectations, but were too dependent on Old Navy
Market Watch
Gap’s better-than-expected results were due to the performance of Old Navy, but analysts worry that the namesake brand and Banana Republic lag.
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22h Updated Ann Taylor parent Ascena shares plummet after traffic decline prompts profit warning
Market Watch
Ann Taylor parent Ascena Retail Group Inc. sees no hope for its same-store sales in the near-term, and investors are responding by shedding the company’s stock in droves.
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22h Updated The Ratings Game: Victoria’s Secret expects growth from ‘constructed’ bra launches in the second half
Market Watch
Victoria’s Secret hopes to reinvigorate its constructed bra business with new launches later this year after growing its unlined bralette business in recent months.
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3 Social Security surprises that may leave money on the table22h Updated 3 Social Security surprises that may leave money on the table
USA Today
Even if your retirement is years away, it's a good idea to periodically check in on your Social Security benefits.
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22h Updated Boeing Co signs defense, commercial deals with Saudi Arabia
Reuters
DUBAI (Reuters) - Boeing Co said on Sunday it had signed several defense and commercial deals with Saudi Arabia including for the sale of military and passenger aircraft during a visit by U.S. President Donald Trump to the kingdom.
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23h Updated NewsWatch: Current White House official is target in Russia probe, and Trump told Lavrov that Comey was a ‘nut job’: reports
Market Watch
A pair of published reports say that an investigation into possible coordination between Russia and the Trump campaign has identified a current White House official as a person of interest and that the president told the Russian foreign minister that fired FBI Director James Comey was a “nut job.”
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4 sneaky fees you may pay to your wireless, cable, or Internet provider25h Updated 4 sneaky fees you may pay to your wireless, cable, or Internet provider
USA Today
Sometimes the advertised price for you service is not what you actually pay.
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Tompor: FTC declares war on tech support scams25h Tompor: FTC declares war on tech support scams
USA Today
Carolyn Aronson got caught twice by tech-support scams, to the tune of $800.
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Beer Man: Loral Crush is a pleasant, refreshing ale25h Beer Man: Loral Crush is a pleasant, refreshing ale
USA Today
Loral and Ekuanot hops provide a nice grapefruit-tangerine-orange aroma for the 6% ABV ale.
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No tax refund this year? 3 other ways to score extra cash26h Updated No tax refund this year? 3 other ways to score extra cash
USA Today
With these money-saving measures, you may not even miss that tax refund.
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These 3 mind tricks will make you a badass at making money26h These 3 mind tricks will make you a badass at making money
USA Today
Money is one of the most loaded, loved, and loathed topics known to man. Yet even though we use money every single day of our lives, we rarely stop to consider how we feel about it, speak about it, or what we truly believe.
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If Trump falls, stocks would rebound under Pence26h Updated If Trump falls, stocks would rebound under Pence
USA Today
If president is forced out or resigns, stocks would likely bounce back after initial fall.
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Would a Trump impeachment kill stocks?26h Would a Trump impeachment kill stocks?
USA Today
Jim Cramer spoke exclusively with Action Alerts Plus members on his monthly conference call about the latest developments about President Trump and the Russia investigation. Video provided by TheStreet
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28h Texas lawmakers clear way for Uber, Lyft return to major cities
Reuters
AUSTIN, Texas (Reuters) - Texas governor Greg Abbott will sign in the next few days a bill that would shield ride-hailing firms Uber and Lyft from bruising battles over fingerprint background checks that led them to leave some of the state's most important markets.
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Housing, manufacturing could lift economic growth35h Updated Housing, manufacturing could lift economic growth
USA Today
Reports this week highlight housing starts, industrial production
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