Volkswagen names new CEO in sudden shift

Volkswagen brand chief Herbert Diess will take over for group CEO Matthias Mueller.

Bed Bath Beyond tanks on gloomy outlook

Shares of Bed Bath & Beyond plunged to a nearly 10-year low after the home furnishings retailer warned that earnings would miss forecasts. Competition is tough and the company is spending heavily to boost its online presence.

Regulators push to shrink big banks rainy-day fund by 121 billion

Trump-appointed regulators are pushing to ease the amount of capital that mega banks must hold, softening one of the key safeguards put in place to prevent a repeat of the 2008 meltdown.

China presents huge rewards for Wall Street -- with big risks

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