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Walmart faces pressure to stop gun sales after latest U.S. mass shootings

Walmart Inc said on Monday there has been no change in its policy on gun sales after two mass shootings over the weekend, including one at a Walmart store, left 31 people dead in Texas and Ohio.



3 years ago

Kyle Bass: China's currency would collapse 30% to 40% if they stopped supporting it

Hayman Capital Management founder Kyle Bass said on Monday that without state support, China's currency would plunge at least 30%.

3 years ago

Oil falls 3% as trade war concerns hit demand outlook

Global oil benchmark Brent futures fell more than 3% on Monday on global growth concerns after U.S. President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world's two biggest buyers.



3 years ago

DoubleLine's Gundlach says it's 'a little late' to go into U.S. Treasuries after rally

It is "a little late" to purchase U.S. Treasuries, which have been rallying recently, and "if Treasury rates are going to fall from here, something bad is happening," Jeffrey Gundlach, chief executive of DoubleLine Capital, said in a telephone interview on Monday.



3 years ago

Wall St. sinks as yuan slide inflames U.S.-China trade dispute

Wall Street's major indexes posted their biggest percentage drop of the year on Monday as a fall in the yuan following U.S. President Donald Trump's vow to impose additional tariffs on Chinese goods sparked fears of further escalation of the U.S.-China trade war.



3 years ago

Former United Auto Workers official gets 15 months in labor corruption case

A federal judge in Detroit on Monday sentenced the former United Auto Workers union vice president in charge of relations with Fiat Chrysler to 15 months in federal prison for misusing funds intended for worker training to pay for luxury travel and entertainment for himself and other union officials.



3 years ago

Trade worries sink stocks as yuan slides to a decade low

Stock markets around the world fell hard on Monday on fears that China's willingness to let the yuan slide in response to the latest U.S. tariff threat could further aggravate trade-related tensions between the world's two largest economies.



3 years ago

'NBA 2K', 'Grand Theft Auto V' help Take-Two surge past estimates

Videogame publisher Take-Two Interactive Software Inc raised its full-year revenue forecast on Monday, based on the success of its games "NBA 2K", "Grand Theft Auto V" and "Red Dead Redemption 2".



3 years ago

What to do with your 401(k) as the market tanks

The market's roller coaster ride may have you tempted to move investments in your retirement nest egg. Here's what financial advisors say you should do instead.

3 years ago

Ackman's Pershing Square exited ADP and UTX investments: source

William Ackman's Pershing Square Capital Management has sold its positions in Automatic Data Processing and United Technologies and built a new position in a company whose name has not been disclosed, a source familiar with the matter said on Monday.



3 years ago

Stock market slump raises fears of deeper pain

Sharper losses could be in store for Wall Street.



3 years ago

New Media to buy Gannett for $1.4 billion, creating biggest U.S. newspaper publisher

Local media company New Media Investment Group said on Monday it will buy USA Today-owner Gannett Co in a $1.4 billion deal, creating the biggest newspaper owner in the United States as publishers struggle with readers shifting to online sources for news.



3 years ago

Ackman's Pershing Square exited ADP and United Tech investments: source

William Ackman's Pershing Square Capital Management has sold its positions in Automatic Data Processing Inc and United Technologies Corp and built a new position in a company whose name has not been disclosed, a source familiar with the matter said on Monday.



3 years ago

Bosch sees sales stagnating in 2019: CEO in Sueddeutsche Zeitung

Automotive supplier Bosch expects sales to stagnate this year, its chief executive told a German newspaper, blaming the worsening outlook in the car industry that has also hurt the company's rivals.



3 years ago

S&P 500 futures fall after U.S. Treasury calls China currency manipulator

S&P 500 futures dropped 1.2% late on Monday after the U.S. Treasury Department labeled China as a currency manipulator.



3 years ago