Nelms commented after Discover said fourth-quarter profit fell 31 percent to $387 million, hurt by a $189 million charge related to tax reform. Adjusted earnings per share were $1.51. Analysts surveyed by Bloomberg had estimated $1.54. Before it's here, it's on the Bloomberg Terminal. LEARN MORE.
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Oil prices turned higher after the U.S. government reported the tenth straight weekly drop in U.S. crude stockpiles. Tom DiChristopher | @tdichristopher.
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A second federal safety agency has opened a probe of an accident in which a Tesla Inc. car on Autopilot rammed into a parked firetruck, a sign of the scrutiny the emerging automated and drive-assist technology is receiving.
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China's housing market has a history that's short by global standards, since private homeownership only began in 1998. But what a two decades it's been. Home prices have skyrocketed, creating a mentality that real estate is a one-way bet. The government's sporadic bouts of tightening limits on
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Treasury Secretary Steven Mnuchin said he isn't concerned about short-term fluctuations in the dollar, a day after he suggested a weaker U.S. currency would help trade. “I thought my comment on the dollar was actually quite clear yesterday,” Mnuchin told reporters Thursday morning at the World
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