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Business News

Location American Business News for 31 May 2018

Where to Find Safe 5% Yields

Barron's - 31 May 2018 19:31
Where to Find Safe 5% Yields On the surface, municipal bonds yield just 2.5%. But it's double that when you consider the tax advantages.
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Sears to close another 72 stores as sales plummet

New York Post - 31 May 2018 16:58
Sears to close another 72 stores as sales plummet Sears is closing another 72 stores after reporting a first-quarter losses and plunging sales. The struggling retailer said Thursday that it has identified about 100 stores that are no longer turning profits, and 72 of th...
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US oil exports are only going up from here

Business Insider - 31 May 2018 03:00
US oil exports are only going up from here Andrew Burton/Getty With falling oil prices, American crude becomes very attractive to foreign buyers. The US is producing crude oil in high volume while OPEC is restricting supply. Imbalances in production elsewhere are...
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Surging steel prices are 'self-defeating'

Business Insider - 31 May 2018 16:56
Surging steel prices are 'self-defeating' Sean Gallup/Getty Steel prices have risen nearly 40% since March. The US followed through with steel tariff threats on its allies Thursday. But some think prices could still drop as soon as this year. Steel has been soar...
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Apple is bringing its HomePod to new markets (AAPL)

Business Insider - 31 May 2018 16:36
Apple is bringing its HomePod to new markets (AAPL) This story was delivered to Business Insider Intelligence IoT Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. Apple will start selling its HomePod smart spea...
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Wells Fargo customers who didn't consent to having 3.5 million accounts created by bankers trying to hit sales quotas are finally getting what a judge called "rough justice."
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Goldman Sachs says the oil rally isn't over yet

Business Insider - 31 May 2018 02:16
Goldman Sachs says the oil rally isn't over yet Reuters/Fahad Shadeed OPEC said it will boost production in the near-term. Oil prices are falling on the news. Goldman Sachs is still bullish on oil. OPEC's decision may be a drag on prices, but look at some tailwinds, G...
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Banks shunning mortgages? Citizens' deal proves otherwise

American Banker - 31 May 2018 21:08
As other banks de-emphasize mortgage lending, Citizens is spending half a billion dollars to buy a large originator with a big servicing portfolio.
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4 cringe-worthy cleaning mistakes that went viral

Business Insider - 31 May 2018 16:11
4 cringe-worthy cleaning mistakes that went viral Evil Erin/Flickr Cleaning high kitchen cabinets when you’re short is tough — but you still probably want to avoid putting dirty feet on your kitchen counters. Or flooding your kitchen with soapy water. Automatic slid...
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A simple upgrade made my 10-year-old computer run like new, and it costs less than $70 The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. Antonio Villas-Boas/Business Insider Many old PCs and Macs...
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IBM contest aims to crowdsource solutions for natural disasters Contestants will be given access to IBM’s technology and tools, and the company will award a total of $30 million in funding over 5 years to the winning entries.        
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Deutsche Bank Chief Executive Officer Christian Sewing said the lender is committed to the U.S., seeking to dispel "rumors" to the contrary as the firm cuts back in some businesses there.
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Serena Williams shut down body critics: 'I am strong and muscular - and beautiful' Stuart C. Wilson/Getty Images for WTA Tour Serena Williams has woncountless championships, four Olympic gold medals, and transitioned seamlessly into a fashion icon, yet she is still exposed to body shaming. In an interv...
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The Environmental Protection Agency has sent the White House a proposal widely expected to roll back future fuel-economy standards for cars and trucks. EPA spokesman Jahan Wilcox confirmed Thursday that …
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Activist investors go after a German industrial icon

The Economist - 31 May 2018 17:02
Activist investors go after a German industrial icon White heat of change FEW industrial scenes offer the drama of a steelworks in full flow. Perched high in a cabin, a technician guides a bucket the size of a house to send 250 tons of lava-like molten metal into a vast cr...
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(Reuters) - Japan's SoftBank Group Corp will invest $2.25 billion in General Motors Co's autonomous vehicle unit, Cruise, the companies said on Thursday, announcing a deal that validates the venerable Detroit automaker's...
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Prince Harry and Meghan Markle are returning $9 million worth of their wedding gifts thanks to a strange piece of royal protocol Getty Images Prince Harry and Meghan Markle reportedly received $9 million worth of wedding gifts — but they have to return most of them. Royal protocol dictates that royals are not allowed to receive gifts from people...
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Indiana regulators have approved a rate increase for Indiana Michigan Power that's significantly smaller than the rate hike the utility initially sought. The Indiana Utility Regulatory Commission approved an order …
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Should you pick up the check for the group?

CBSNews - 31 May 2018 16:39
It's easier than ever to pay for an outing, get credit-card points and ask everyone to Venmo you. But pitfalls abound.
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Deutsche Bank is getting whacked after report says the Fed calls its US division 'troubled' (DB) Reuters/Kai Pfaffenbach Deutsche Bank is down almost 7% Thursday after a Wall Street Journal report says the Federal Reserve deemed its US division as in "troubled condition." The bank announced earlier this month that i...
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Deutsche Bank lands on federal list of 'troubled' banks Deutsche Bank has reportedly landed on the US government's naughty list. The Federal Reserve has deemed a US unit of the German banking behemoth as "troubled," and has put it on a list that puts it in danger of a governm...
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WASHINGTON
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