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Daily News

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

CNN Money

Wells Fargo sold dangerous investments it didn't understand, regulators say

Mon, Oct 16, 2017

The investments were almost guaranteed to lose investors money in the long run....

Can MoviePass be the Netflix of theaters?

Mon, Oct 16, 2017

MoviePass lets people go to the multiplex as many times as they want for a $9.99 monthly subscription. The company that is buying a majority stake in MoviePass is surging. It looks like a great deal for film fans but a risky bet for investors....

Venezuela is blaming Trump for missed debt payments

Mon, Oct 16, 2017

Venezuela missed five small debt payments last week. It owes much more soon. Lately the Venezuelan regime is blaming delayed payments on sanctions imposed on it by the Trump administration....

Nordstrom suspends talks to go private

Mon, Oct 16, 2017

The Nordstrom family, which owns a big chunk of the high-end retailer's shares, said it's putting takeover talks on hold until after the holidays. It's the latest sign of how tough it is for traditional retailers as Amazon and Walmart dominate....

A month after hurricane, only half of Puerto Rico's banks are open

Mon, Oct 16, 2017

The devastated electric grid and poor cell service make it difficult to move cash....

Forget gold. This metal is on a much bigger rally

Mon, Oct 16, 2017

Palladium prices have spiked nearly 50% in 2017 to their highest level in over 16 years....

The Kobe Steel scandal: What we know so far

Mon, Oct 16, 2017

A crisis at a top Japanese steelmaker has spread to major auto and aerospace companies around the world....

GE and Procter & Gamble: American mainstays rocked by drama

Sun, Oct 15, 2017

Read full story for latest details....

Wells Fargo legal headaches are hurting profits

Fri, Oct 13, 2017

Wells Fargo's pre-crisis subprime mortgage troubles are coming back to haunt the bank a decade later. The big bank said on Friday that third-quarter profits tumbled by 18% because it set aside $1 billion for legal expenses...

With or without Obamacare, insurers are thriving

Fri, Oct 13, 2017

Read full story for latest details....