Cheap oil is no longer a huge positive for the US economy

New York (CNN Business)1. Crude reality: Cheap oil used to be a slam-dunk positive for the American economy. Lower oil prices threaten to wipe out jobs, set off cash crunches at overleveraged frackers and depress business spending. The 2014-2016 oil crash caused hundreds of thousands of job cuts and dozens…

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BofA Will Stop Lending to Makers of Assault-Style Guns

Gunmakers’ reaction is ‘mixed,’ as Brady Campaign praises move ‘Why would anyone want to help finance assault weapons?’ Read more: Wells Fargo’s relationship with the gun industry Citigroup Inc., the nation’s fourth-largest bank, said in March it plans to prohibit retail chains that are its customers from offering bump stocks…

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