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Two Koreas agree to end war this year, pursue denuclearization

North Korean leader Kim Jong Un and South Korean President Moon Jae-in agreed Friday to finally end a seven-decade war this year and pursue the “complete denuclearization” of the Korean Peninsula.

  • Judge orders law firm of Stormy Daniels' lawyer to pay $10M
    News
    Associated Press

    Judge orders law firm of Stormy Daniels' lawyer to pay $10M

    A federal judge in California ordered a law firm linked to Stormy Daniels' attorney to pay $10 million on Tuesday to a lawyer who claimed that the firm had misstated its profits and that he was owed millions. The judgment came after Jason Frank, who used to work at Eagan Avenatti, alleged that that the law firm failed to pay a $4.85 million settlement he had reached in December. Frank had worked at Avenatti's firm under an independent contractor agreement and was supposed to collect 25 percent of the firm's annual profits, along with 20 percent of fees his clients paid, according to court documents.

  • Trumpcare will hurt these people next year
    News
    Yahoo Finance

    Trumpcare will hurt these people next year

    President Donald Trump has crowed about dismantling the Affordable Care Act, even as he has failed to repeal it. One group of health-care consumers have had a rough go during the last several years: The 6.7 million Americans who aren’t covered by an employer, who buy insurance on the individual market and who earn too much money to qualify for subsidies under the ACA. Trump wants to help people trim their health-insurance bill, and he has introduced several measures that will help — but only for people who don’t get hurt or sick.

  • Why Caterpillar can't keep up with a boom in demand
    Finance
    Reuters

    Why Caterpillar can't keep up with a boom in demand

    Orders for the mining machines and construction bulldozers made at this sprawling Caterpillar Inc. factory in central Illinois have jumped, in general, three-fold over the past year. Years of watching Caterpillar and other big manufacturers cut inventories, close plants and axe workers in the last downturn has embedded caution in Kirsh's ambition to expand after the surge in orders, reflecting a more fundamental shift in how many industrial businesses view expansions, according to interviews with Caterpillar executives, more than a half-dozen Caterpillar suppliers and U.S. economic data. "I just wasn't sure it was real," said Kirsh, speaking from a windowless office at the front of Kirsh Foundry Inc., in Beaver Dam, Wisconsin, which makes metal parts for Caterpillar and other customers.

  • Cramer: If you want bigger gains, buy stocks that are sel...
    Business
    CNBC Videos

    Cramer: If you want bigger gains, buy stocks that are sel...

    Jim Cramer uses Amazon's stock to explain why buying broken stocks can boost investors' earnings.

  • Business
    MarketWatch

    Why early retirement is all it’s cracked up to be

    Sometimes, the stuff that people say about early retirement (and early retirees) is terrible. It is assumed that early retirement is the end of productive life and that unless we’re swimming in millions in cold hard cash, early retirement will eat us alive. As I said in my one-year early retirement performance review, early retirement is all that it’s cracked up to be.

  • Business
    Benzinga

    Jim Cramer Shares His Thoughts On Altria, Corning And More

    Jim Cramer said on CNBC's "Mad Money Lightning Round" he can no longer recommend Altria Group Inc (NYSE: MO) as a buy. He's concerned about competition from the Juul device. Cramer doesn't like optical fiber and he doesn't want to buy Corning Incorporated

  • Finance
    TheStreet.com

    General Electric's Stock Price Is at a Crossroads

    The GE mess continues. Most of you know that I fought a long battle with a net long equity position with General Electric for most of 2017 into 2018. It took every skill I had, and as well as some out-sized risk taking ( I got run over twice) just

  • Sony Lays the Early Groundwork for PlayStation 5's Introduction
    Finance
    Fortune

    Sony Lays the Early Groundwork for PlayStation 5's Introduction

    The PlayStation 4 has been a sales juggernaut for Sony, selling 79 million units as of the end of April. While Sony intends to strongly support the PS4 with new software, comments from PlayStation boss John Kodera at Sony’s Corporate Strategy Meeting Tuesday have sparked whispers about when the company will begin talking about the PlayStation 5. Perhaps anticipating this speculation, Sony announced 12 days ago that it would have “no new hardware announcements at E3,” the upcoming video game trade show where major systems have been unveiled in the past.

  • Netflix, Inc. Stock Is Ripe for the Picking
    Finance
    InvestorPlace

    Netflix, Inc. Stock Is Ripe for the Picking

    Netflix, Inc. (NASDAQ:NFLX) shares are a coiled spring about to pop. Let’s chronicle the recent action in the tech sector and identify how to best capitalize on the resolution of Netflix’s triangle formation. Since reclaiming the high ground above the 50-day moving average, the tech-laden Nasdaq has been in a holding pattern.

  • Dems want to scrap tax cut for rich to fund teachers' raises
    Finance
    Associated Press

    Dems want to scrap tax cut for rich to fund teachers' raises

    Responding to teacher walkouts across the country, congressional Democrats on Tuesday proposed raising teachers' salaries by canceling the tax cut for the nation's top 1 percent of earners. The Republican-controlled Congress was unlikely to support the idea of giving states and school districts $50 billion over a decade to fund the teacher raises at the expense of dismantling the hard-won tax bill. At a congressional hearing Tuesday, Education Secretary Betsy DeVos agreed that teachers are underpaid, but offered few concrete suggestions to boost their income.

  • Frontier Is Talking With Bondholders After Failed Asset Auction
    Finance
    Bloomberg

    Frontier Is Talking With Bondholders After Failed Asset Auction

    Frontier Communications Corp. and its bondholders are back at the negotiating table after the debt-laden telephone service company’s asset auction failed to generate an acceptable price, people with knowledge of the matter said. The company, which serves small towns and midsize cities, received multiple bids for landline assets in Florida this month but decided not to sell because none of the offers were high enough, said the people, who asked not to be identified because the matter is private. Struggling under a debt load that’s more than 23 times the size of its market capitalization, Frontier has been considering a sale of landline assets in California, Florida and Texas since at least February.

  • Salesforce unveils new offices in San Francisco's tallest building, Salesforce Tower
    Finance
    American City Business Journals

    Salesforce unveils new offices in San Francisco's tallest building, Salesforce Tower

    Now that Salesforce.com (NYSE: CRM) has had few months to settle in its new offices in Salesforce Tower in San Francisco, executives decided it was time to fete the building. The enterprise software maker moved the first 600 workers into the $1 billion tower, the tallest building in San Francisco, starting in January. The move marked a major milestone in the evolution of San Francisco’s Transbay district.

  • Mueller Investigation Heats-Up as Cohen Taxi Partner Enters Plea Deal
    News
    Bloomberg Video

    Mueller Investigation Heats-Up as Cohen Taxi Partner Enters Plea Deal

    Bloomberg's Alan Katz discusses events surrounding Robert Mueller's investigation. WHERE DOES THIS POTENTIAL CHANGE LEAVE THE INVESTIGATION? REPORTER: THIS IS ESSENTIALLY PART OF THE CONTINUED BACKANDFORTH BETWEEN TRUMP ASSOCIATES NOT DONALD TRUMP HIMSELF AS MUCH AS PEOPLE AROUND HIM AND THE INVESTIGATION LED BY SPECIAL COUNSEL ROBERT MUELLER INTO THE ALLEGATIONS OF RUSSIAN INTERFERENCE AND COLLUSION IN THE 2016 ELECTION.

  • Business
    CNBC

    Why JPMorgan CEO Jamie Dimon puts work ‘literally last’ on his priority list

    JPMorgan Chase JPM CEO Jamie Dimon is the chairperson of one of the world's most valuable banks. "I've always said family first, country second, JPMorgan literally last," says the 62-year-old father of three. Within four years, Dimon managed to turn the company around and sell it to JPMorgan Chase in 2004 for $58 billion .

  • Boeing Roundup: S.C. workers plan union vote… American staff criticize 737 MAX… New 777X wing design
    Business
    American City Business Journals

    Boeing Roundup: S.C. workers plan union vote… American staff criticize 737 MAX… New 777X wing design

    Chicago-based Boeing Co. (NYSE: BA) has operations around the country. Here are other recent stories reported by The Business Journals. A group of technicians working at Boeing’s 787 Dreamliner plant in North Charleston, South Carolina, plan to hold a vote to unionize on May 31.

  • We Are Gathered Here Today to Enjoy Some Memes About Meghan Markle's Veil
    News
    Time

    We Are Gathered Here Today to Enjoy Some Memes About Meghan Markle's Veil

    Meghan Markle’s 16.5 foot long veil made a bunch of people think of unnecessarily long CVS receipts. On Saturday, the world cleared a path to give Meghan, Duchess of Sussex, and her veil the room to ascend the steps of St. George’s Chapel at the 2018 royal wedding. In fact, meticulous workers had to wash their hands every half hour to keep it looking immaculate, according to Kensington Palace.

  • News
    Reuters

    Merck's cancer drug Keytruda notches another trial success

    Merck & Co said on Wednesday its drug Keytruda helped patients with a certain type of lung cancer live longer and prevented the disease from spreading, helping to solidify its position in the lucrative cancer market. Keytruda, already approved for other types of cancer, is being studied in a late-stage trial as a first-line treatment, in combination with chemotherapy, for metastatic squamous non-small cell lung cancer (sNSCLC) patients. Merck said the combination therapy met its main trial goals when compared to patients who were on chemotherapy alone, according to an interim analysis.

  • 3 Growth Stocks That Could Put Facebook's Returns to Shame
    Business
    Motley Fool

    3 Growth Stocks That Could Put Facebook's Returns to Shame

    Facebook (NASDAQ: FB) may have been one of the most hyped IPOs in history. Dan Caplinger (Shopify): Facebook has been an amazingly successful company, having found a way to build an impressive network of users and then make money linking its members to the goods and services they're most likely to want through advertising. Shopify is looking to cash in on the same e-commerce growth, but it's looking to do so more actively by helping its clients build their own e-commerce presence.

  • Trump Eliminates Federal Auto Lending Anti-discrimination Guidelines
    Politics
    Yahoo View

    Trump Eliminates Federal Auto Lending Anti-discrimination Guidelines

    Research shows auto lenders often charge black and Hispanic customers higher interest rates than white customers with similar credit profiles.

  • BP to cut 3 percent of upstream jobs by year-end
    Business
    Reuters

    BP to cut 3 percent of upstream jobs by year-end

    The 110-year old company is undergoing its fastest growth in recent history with new oil and gas fields from Egypt and Oman to the U.S. Gulf of Mexico, riding a tide of higher oil prices following the 2014 downturn.

  • Business
    Reuters

    Weatherford mulls sale of larger business in bid to pay down debt

    Oilfield service company Weatherford International Plc may have to sell one of its larger businesses next year to pay down its sizeable debt, Chief Executive Officer Mark McCollum said on Tuesday. Last December, Weatherford sold its U.S. fracking equipment business to rival Schlumberger and currently has several other businesses up for sale. Weatherford was hit hard by the 2014 downturn in oil prices and has not posted a quarterly profit since September 2014.

  • Finance
    InvestorPlace

    Sears Stores Closing 2018: 40 More Stores to Close

    Sears Holdings Corp (NASDAQ:SHLD) announced that the company is shuttering the doors of at least 40 more stores in the coming months. The retail chain announced that it will be closing 40 Sears and Kmart stores in July and August, according to a Business Insider report from May 19. The company has yet to comment on the matter, which includes 31 Sears locations and nine Kmart stores that will be closing in 24 states.

  • 3 Stocks That Could Put NVIDIA's Returns to Shame
    Business
    Motley Fool

    3 Stocks That Could Put NVIDIA's Returns to Shame

    Woulda, coulda, shoulda: Investors can drive themselves crazy playing that game, over stocks they "should" have bought years ago that went on to generate ridiculously high returns. NVIDIA (NASDAQ: NVDA) is just such a stock, as it's returned more than

  • The Apple Watch has found a surprisingly useful home
    Technology
    Quartz

    The Apple Watch has found a surprisingly useful home

    When the Apple Watch launched in 2015, it wasn’t exactly clear who, or what, it was for. You might’ve noticed that the person who took your order at the bar, brought you the shoes you wanted to try on, or perhaps even patted you down at the airport security line, is sporting an Apple Watch, which starts at $329 for the newest Series 3 watch. Quartz spoke with airline attendants, bartenders, waiters, baristas, shop owners, and (very politely) TSA employees who all said the same thing: The Apple Watch keeps them in touch when they can’t be on their phones at work.

  • Ousted Ford exec Raj Nair lands at firm that builds Ford GT
    Business
    Autoblog

    Ousted Ford exec Raj Nair lands at firm that builds Ford GT

    Raj Nair, the former president of Ford North America who left the company earlier this year following an internal investigation into "inappropriate behavior," has a new gig as a top executive at the Canadian auto supplier that builds the Ford GT. Nair has joined Multimatic Motorsports, a privately held racing shop headquartered in suburban Toronto, as president and chief operating officer, Road and Track reports. The company has worked with Ford for decades and in 2015 won a bid from Ford to build the GT's carbon fiber bodies.