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Daily News

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

Wall Street Journal Online

Payless to Close All U.S. Stores as It Prepares for Another Bankruptcy

Fri, Feb 15, 2019

Retailer Payless ShoeSource plans to close all of its roughly 2,100 stores in the U.S. and Puerto Rico, in what is likely to be the largest ever retailer liquidation. ...

Uber Sales Growth Slows Further as IPO Nears

Fri, Feb 15, 2019

Uber Technologies, as it steers toward a planned IPO later this year, reported its slowest sales growth since the company began disclosing detailed financials two years ago. ...

Airline Bookings to Offer New Gender Options

Sat, Feb 16, 2019

Airlines are planning to modify their reservation systems to give passengers who identify as neither male nor female other options when booking flights. ...

The Tech Whiz Behind Vine and HQ Trivia Made Millions in His 20s. He Was Dead by 34

Fri, Feb 15, 2019

Self-taught coder Colin Kroll shot to startup fame, allowing him to live life in a fast lane. Friends saw him as a gentle, endearingly awkward soul, but he also fought with colleagues, attracted negative press for his behavior at work and struggled with drugs and alcohol....

Amazon Leaves New York but Not the Spotlight

Sat, Feb 16, 2019

Amazon’s sudden move to abandon plans for a new campus in New York ends the protests in the city but doesn’t remove the national scrutiny being placed on the company....

Chinese, U.S. Trade Negotiators Inch Toward a Broad Agreement

Sat, Feb 16, 2019

Negotiators made progress on a memorandum of understanding that could serve as the basis for a deal that President Trump and Chinese leader Xi Jinping could later finalize....

Contradictory Data Confound Economists

Fri, Feb 15, 2019

Economic data are usually noisy, but this week included an onslaught of negative and often contradictory signals that made even seasoned economists scratch their heads. ...

New Tariffs Threaten to Boost Prices of Imported Cars, Parts

Fri, Feb 15, 2019

The Commerce Department is wrapping its probe into whether imported cars and parts pose a national-security threat under U.S. trade law. Its findings could lead to levies that would make autos from Japan, Germany and elsewhere sharply more expensive. ...

Factory Output Contracts Unexpectedly in January

Fri, Feb 15, 2019

U.S. industrial output fell sharply in January, primarily driven by a large drop in vehicle production....

Transcript: WSJ Interview With San Francisco Fed President Mary Daly

Fri, Feb 15, 2019

San Francisco Fed leader Mary Daly discusses her outlook for interest rates and the economy, the winding down of the Fed’s bond portfolio, and reasons why a tight labor market hasn’t fueled stronger wage growth and higher inflation....