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Daily News

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

The Wall Street Journal

Bull Market's Latest Hurdle: Slowing Sales Growth

Sun, Oct 21, 2018

Firms from BlackRock to IBM report disappointing quarterly sales, citing such factors as cautious customers, rising costs and a stronger dollar....

Defense Firms Struggle With Security-Clearance Backlog

Sun, Oct 21, 2018

An exacerbated workforce crunch for makers of warships, jet fighters and cybersecurity systems is forcing them to resort to workarounds to finish Pentagon orders....

Frackers Bet on New Terminals to Boost Oil Exports

Sun, Oct 21, 2018

Companies plan to expand U.S. port infrastructure as existing shipping ports are ill-equipped to handle the growing crude oil load....

A Billionaire Pledges to Fight High Drug Prices, and the Industry Is Rattled

Sun, Oct 21, 2018

Ex-energy trader John Arnold has put $100 million behind efforts to curb prices. Drugmakers say his view is flawed and oversimplified, and will restrict patients’ access to important medicines....

Deal to Create Chinese Lithium Giant Faces Legal Challenge

Sun, Oct 21, 2018

A Chilean court is set to rule on a legal challenge to Tianqi Lithium’s deal to buy 24% of mining company SQM—which critics say could create a cartel for a key element in electric-vehicle and smartphone batteries....

Housing Market Is Faltering and Strong Economy Offers No Cure

Sat, Oct 20, 2018

The housing market is stumbling through its longest slump in four years, as the divergence between a booming U.S. economy and weakening home sales that many had dismissed as temporary now looks poised to continue. ...

U.S. Jobless Claims Dropped Last Week

Thu, Oct 18, 2018

The number of Americans filing applications for new unemployment benefits fell last week, indicative of a tight labor market in which employers are reluctant to lay off workers....

Strong Economy Draws WomenInto U.S. Labor Force

Sun, Oct 21, 2018

For most of the last two decades, the share of women participating in the U.S. labor force was in decline. Thanks to a strong economy, that long-running trend shows signs of reversing....

China Growth Slows to 6.5%; Finance Officials Try to Soothe Worried Investors

Fri, Oct 19, 2018

China’s economic expansion slowed to its weakest pace since the financial crisis, as top financial regulators launched an extraordinary coordinated effort to calm jittery investors....

U.S. Criticizes China's Currency Practices, but Doesn't Add Manipulator Designation

Wed, Oct 17, 2018

The U.S. Treasury again passed up a formal opportunity to designate China a “currency manipulator,” but singled out the nation’s currency practices as a source of “particular concern.”...