Italy remains in turmoil as markets try to rebound

Wed, May 30, 2018, 8:51 AM

In this article:

Yahoo Finance’s Alexis Christoforous, Dion Rabouin, Jared Blikre and Ethan Wolff-Mann discuss the big stories of the day.

Today’s topics include:

Markets rebound after Italian bonds auctioned off
US to apply tariffs on $50B of Chinese imports
Fed meets to discuss weakening Volcker rule
Facebook executive says culture at company is changing
DSW reports Q1 earnings, revenue beat
Amazon expands Prime benefits for Whole Foods customers
Microsoft now more valuable than Alphabet
Tesla Model S crashes into parked police cruiser
The surge of selling second hand luxury items

Jeff Bezos' Most Prized Possession Breaks Historical Auction Records At Almost $53 Million
Jeff Bezos amassed his wealth through Amazon stocks and owns hundreds of millions of dollars worth of real estate, but one of his most valuable possessions may surprise you: art. Among his collection is the renowned piece "Hurting the Word Radio #2 (1964)" by Ed Ruscha, purchased by Bezos for almost $53 million. This artwork, a prime example of Ruscha’s text-based paintings, stands as a signature piece in Bezos’ collection. As concerns over stock market volatility persist, the world’s wealthiest
Benzinga
Warren Buffett's Latest $2.6 Billion Buy Brings His Total Investment in This Stock to More Than $77 Billion in Under 6 Years
The Oracle of Omaha has purchased shares of his favorite stock for 23 consecutive quarters.
Motley Fool
McDonald’s Will Offer a $5 Meal Deal to Lure Customers Back Into Stores
(Bloomberg) -- McDonald’s Corp. is looking to launch a $5 meal deal in the US that the burger chain is betting can lure penny-pinching consumers back in.Most Read from BloombergElon Musk Pledges to Grow Supercharger Business He Just DecimatedBiden Set to Hit China EVs, Strategic Sectors With TariffsAckman Scolded Over DEI Views at Closed-Door Milken SessionJim Simons, Code Breaker Who Mastered Investing, Dies at 86Apple Apologizes for iPad Pro Ad, Scraps Plan to Air It on TVThe deal could includ
Bloomberg
The feds may crack down on credit-card rewards programs. Here’s what that means for your points and miles.
The Department of Transportation and the Consumer Financial Protection Bureau are exploring possible regulation of the credit-card rewards system and the frequent-flier programs linked to them, officials said at a joint hearing held by the DOT and CFPB on Thursday.
MarketWatch
Nvidia Dethroned: This AI Chip Stock Now Rules This Elite Screen
Broadcom just ended the reign of Nvidia, usurping the top spot on this list of new buys by the best mutual funds.
Investor's Business Daily
Here's the Income and Net Worth You Need to Reach the Top 50% of American Households
Americans can improve their net worth through prudent budgeting and smart investments.
Motley Fool
Trump ‘offered to block electric car rollout’ as he asked oil bosses for $1bn
Donald Trump told oil industry executives he would dismantle Joe Biden’s pro-electric vehicle agenda as he asked for $1bn (£800m) to help return him to the White House, it has been claimed.
The Telegraph
Chip Workers Are Likely to Quit Jobs, Worsening Labor Shortage
(Bloomberg) -- At a time when the US is looking to attract more skilled workers to semiconductor manufacturing, many current employees are rethinking whether they want to stick around, according to a McKinsey & Co. report that underscores the chip industry’s labor challenges.Most Read from BloombergElon Musk Pledges to Grow Supercharger Business He Just DecimatedBiden Set to Hit China EVs, Strategic Sectors With TariffsAckman Scolded Over DEI Views at Closed-Door Milken SessionJim Simons, Code B
Bloomberg
Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
The popular growth investor bought into one of Thursday's biggest losers and two stocks that have fallen sharply over the past year.
Motley Fool
With Apple entering the fight, the AI chip wars have gone nuclear
The AI PC chip wars are going nuclear as Apple officially joins the fight with its M4 processor.
Yahoo Finance

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Italy remains in turmoil as markets try to rebound

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Jeff Bezos' Most Prized Possession Breaks Historical Auction Records At Almost $53 Million

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