Business News

Who's to Blame for Costly Oil: Saudis, Russia and Trump Himself – Bloomberg

Rising oil prices are now the latest target in President Donald Trump’s cross-hairs. The nation’s tweeter-in-chief complained Friday about OPEC fueling an “artificially Very High” cost for crude that he said “will not be accepted!” So what’s behind the jump in prices? Market outcomes, like success, can claim a thousand fathers, but here’s a potential rogue’s gallery for Trump following ...

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Here's what Wells Fargo did to trigger a $1 billion fine – MarketWatch

BloombergWells Fargo’s risk management practices were “reckless, unsafe or unsound.” Unlike many of the scandals that have triggered billion-dollar penalties for banks, the problems that led to a 10-figure federal government settlement for Wells Fargo & Co. don’t appear to have colorful emails or trader messages describing bad behavior. The dry language employed by the Bureau of Consumer Financial Protection ...

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Men arrested at Starbucks were there for business meeting hoping to change 'our lives' – ABC News

The two black men who were arrested at a Starbucks in downtown Philadelphia last week and accused of trespassing say they were there for a business meeting that they had hoped would change their lives. Rashon Nelson and Donte Robinson came forward this morning on ABC News’ “Good Morning America” to publicly share their story for the first time. The ...

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Procter & Gamble earnings top estimates, but market share losses send stock lower – CNBC

Procter & Gamble reported better-than-expected quarterly revenue on Thursday, but its results did not allay concerns about loss of market share in its core business. Shares of the consumer giant were down 2.86 percent in early morning trading on Thursday. Net sales for the world’s largest consumer products maker by market value rose 4.3 percent to $16.28 billion, compared with ...

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