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Daily News

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

CNN MONEY NEWS

China seizes control of deal-hungry insurer Anbang

Fri, Feb 23, 2018

Chinese authorities say they are prosecuting the chairman of the Chinese insurance firm that owns New York's Waldorf Astoria, accusing him of "economic crimes."...

China's big conglomerates are no longer buying up the world

Fri, Feb 23, 2018

Some of China's biggest companies are now much more focused on selling international assets rather than buying them....

3M and H&M probe claim they used Chinese prison labor

Thu, Feb 22, 2018

Three big companies are investigating allegations that prisoners in China made packaging bearing their brand names....

A decade at RBS: $81 billion lost; $1 billion made

Fri, Feb 23, 2018

Royal Bank of Scotland is making money again after nine years and $81 billion in losses, but investors are worried about a looming US fine for selling toxic mortgages....

Treasury secretary says we can get paid more and prices won't rise. Well...

Fri, Feb 23, 2018

Treasury Secretary Steven Mnuchin said wages can rise without sparking inflation. Economists say Mnuchin's comment is true only in a perfect setting. In the current reality, wages and inflation will likely move in tandem, they say....

Are rubber bands putting American jobs at risk? Trump trade team is investigating

Thu, Feb 22, 2018

The Commerce Department launched an investigation into whether imported rubber bands are unfairly competing against the U.S. industry....

Nasdaq wants to boot iced tea maker for taking advantage of bitcoin craze

Thu, Feb 22, 2018

Long Blockchain, which used to be known as Long Island Iced Tea, is being called out by Nasdaq for allegedly trying to fool investors by capitalizing on the bitcoin craze....

Ray Dalio: 70% chance of recession before 2020 election

Thu, Feb 22, 2018

The roaring American economy is likely to sink into a recession prior to President Trump's bid to get reelected in 2020....

Crash landing: Angry Birds maker plummets 54% since IPO

Thu, Feb 22, 2018

Angry Birds maker Rovio has lost more than half its value since going public in October. Its shares plunged Thursday after it warned revenue and profits could fall this year....

Ex-Google engineer: I was fired for pushing back on discrimination

Thu, Feb 22, 2018

Tim Chevalier, a former Google engineer, is accusing the company of firing him after he spoke out about repeated incidents of racism, sexism and harassment....