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Credit & Capital
Risk & Compliance
Goldman Shares Dip 3.8% on Q1 Revenue Miss
The bank's first revenue miss in two years reflected what CEO David Solomon called a “challenging” trading environment.
Best Buy CFO to Become New CEO
CFO Corie Barry will become CEO this June as part of the retailer’s efforts to provide "leadership continuity."
Campbell Soup to Sell Bolthouse Farms for $510M
The sale will complete Campbell's exit from fresh foods, which were supposed to offer faster growth than its soups and other packaged products.
Wells Fargo Shares Dip 3% on Profit Outlook
The bank's Q1 earnings beat estimates but it reduced its net interest income guidance for 2019 to a 2% to 5% decline.
Uber Revs Up for Long-Awaited, $10 Billion IPO
The offering prospectus “renewed questions about how sustainable Uber’s business actually is," showing core revenue growth slowed to 39% last year.
Dems Propose Screening Algorithms for Bias
The Algorithmic Accountability Act would require companies to ensure their automated decision-making systems comply with discrimination law.
Fed Cited Sluggish Growth for Patience on Rates
Policymakers still appear to have left themselves "some wiggle room” in determining monetary policy for the rest of 2019.
U.S. Consumer Prices Jump 0.4% in March
“The uptick in inflation, being largely driven by higher gas prices, is unlikely to worry investors or the Federal Reserve."
KushCo Loss to Double With Earnings Correction
The pot-packaging company says accounting errors related to recent acquisitions caused it to misstate financial results.
Wells Fargo to Sell Retirement Unit for $1.2B
The sale to Principal Financial reflects Wells Fargo strategy of divesting smaller business lines in the wake of its fake-accounts scandal.
Pinterest Prices IPO to Raise More Than $1.2B
The conservative pricing raises "questions about investor demand for prominent but unprofitable technology companies."
Oil Prices Jump on Risk of Libya Output Shortage
"The violence in Libya is captivating the market," one analyst says as the benchmark Brent and WTI crudes hit five-month highs.
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