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U.S. markets news

OPEC Leaves Market Guessing on Exit Strategy After Historic Pact
OPEC may be celebrating an historic deal to extend supply cuts, but after the party, the organization will face a trio of questions it left unanswered.
Opinion: 16 energy stocks that company executives love, regardless of what ...  MarketWatch
OPEC, non-OPEC extend oil output cut by nine months to fight glut  Reuters
In His Words: Mark Zuckerberg addresses Harvard Class of '17
Facebook CEO Mark Zuckerberg gave a commencement speech at Harvard University on Thursday, 12 years after dropping out to focus on what's now the world's biggest social network.
Mark Zuckerberg called on Harvard's graduates to help save the ...  Recode
Zuckerberg Asks Harvard Grads to Fight Isolationism, Nationalism  Bloomberg
GM is accused in lawsuit of cheating on diesel truck emissions
The GM logo is seen at the General Motors Assembly Plant in Valencia, Venezuela April 21, 2017. REUTERS/Marco Bello. 1/2. left. right.
Lawsuit accuses GM of using emission defeat devices  Detroit Free Press
GM dips after reported suit alleges diesel pickups are rigged to pass ...  CNBC
10 percent of Americans trading in a car plan to use Uber and Lyft instead of ...
Wally Nowinski got his first car when he turned 16 in Michigan, the home of the U.S. auto industry. But after two years of living in New York City, he sold his wheels, using ride services, carsharing and bike sharing to get around.
Lyft takes on Uber's black luxury car services by launching Lyft Lux  Los Angeles Times
Lyft's New High-End Service Is a Luxurious Nose-Thumbing at Uber  Slate Magazine (blog)
S&P 500 hits record high after upbeat retail results
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 25, 2017. REUTERS/Brendan McDermid. By Caroline Valetkevitch | NEW YORK.
S&P 500, Nasdaq close at records as stock market extends win streak to a ...  MarketWatch
Stocks Close Higher For Sixth Consecutive Session - U.S. Commentary  Nasdaq
Best Buy unexpectedly beats on sales; shares at record peak
CHICAGO Best Buy Co Inc reported an unexpected rise in first-quarter comparable sales and the No. 1 U.S. electronics retailer said it planned to save $600 million in costs by the end of fiscal 2021, sending shares to an all-time high on Thursday.
There's more to Best Buy's earnings surprise than tax refund checks  CNBC
Best Buy CEO Hubert Joly confounds the naysayers  CBS News
$6 billion in improper student aid payments found at Ed Dept
WASHINGTON (AP) - Members of Congress criticized the Education Department on Thursday over $6 billion in improper payments made as part of federal student aid programs.
GOP threatens to subpoena Education Dept. official who quit  Politico
Federal student aid chief quits, warning of management issues under DeVos  Washington Post
Amazon goes shopping offline
Amazon, in its third decade of business, dominates the world of online shopping. But an actual bricks and mortar Amazon store? That's still as rare as an A-list celebrity sighting.
Inside Amazon's first NYC bookstore  CNNMoney
Amazon is trying something new – the brick-and-mortar stores put out of ...  Miami Herald
Ford changes senior leadership under new CEO Jim Hackett
The second-largest automaker in the U.S. announced a series of top leadership changes today, just days after new CEO Jim Hackett took over at Ford Motor Company.
Ford's New Leadership Team Comes Into Focus  Motley Fool
Lack of new vehicle launches has Ford playing catchup with GM  Autoblog (blog)
'Mnuchin Rule' Against Wealthy Tax Cuts Comes Back to Bite Him
A pledge not to give the wealthiest Americans an absolute tax cut is coming back to haunt Treasury Secretary Steven Mnuchin. During congressional hearings this week, Democrats pressed Mnuchin repeatedly about his late November statement that ...
Border adjustment tax is 'critical' part of tax reform, chief GOP ...  CNBC
Trump Officials Offer Differing Views on Tax Plan -- Update  Fox Business