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Chicago Tribune Business NewsMay 23, 2019
Chicago bank CEO Stephen Calk, who issued loans to Paul Manafort, pleads not guilty to bribery
Stephen Calk, the founder and CEO of Federal Savings Bank of Chicago, has been charged with financial institution bribery for allegedly issuing $16 million in high-risk loans to former Trump campaign chairman Paul Manafort in exchange for help getting a position within the Trump administration.

...


MarketWatch MarketPulseMay 23, 2019
Dow ends with more than 250-point loss as investors size up trade war risk
U.S. stocks ended a tumultuous session with sharp losses on Thursday after Wall Street dawned on the possibility that a prolonged U.S.-China trade spat may be a more likely outcome than a near-term truce. The S&P 500 fell 1.2% to finish around 2,822. The Dow Jones Industrial Average shed 286 points ,or 1.1%, to end around 25,490, based on preliminary numbers. The Nasdaq Composite slipped 1.6% to finish near 7,628. Key equity benchmarks pared declines toward the end of the session. Appetite for risk assets soured after analysts said a trade war may no longer be a tail risk and instead the baseline scenario. The stock-market jitters aided the bond-market's rally, with the 10-year Treasury yield fell to around 2.30%, its lowest level since Oct. 2017. Debt prices move in the opposite direction of yields. Prices for West Texas Intermediate oil fell 5.7% to $57.91 a barrel, marking its biggest drop for the year. Shares of Best Buy Co. slumped 4.8% after the retailer issued an anemic outlook for the full year of 2019, even though its earnings beat analyst expectations.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



KiplingerMay 23, 2019
10 Buy-and-Hold Stocks to Own Forever
Investing to "buy and hold" is trickier than it looks. The increasing pace of technological change means even the most successful, dominant companies have to continually adapt to keep up. Industries like energy, real estate and even consumer products are facing potentially significant long-term changes going forward. In any era, amassing a collection of retirement stocks simply by buying the best companies and holding them for years can be a risky endeavor.

General Motors (GM) was a classic "widows and orphans" stock until last decade, when GM wound up going bankrupt. United States Steel (X) once was a pillar of corporate America and a buy-and-hold stock. GM shares basically haven't moved in a quarter of a century. Polaroid and Eastman Kodak were once blue-chip stocks. Both went bankrupt as cameras changed from film to digital.

But there still are stocks to buy and hold out there that can last forever, while offering dividend income along the way.

Here are ten such retirement stocks to hold forever.

SEE ALSO FROM KIPLINGER: 19 Best Retirement Stocks to Buy


USA Today MoneyMay 23, 2019
E. coli risk leads to recall of more than 62,000 pounds of raw beef before Memorial Day
Days ahead of Memorial Day weekend, an Illinois company is recalling 62,112 pounds of raw beef products that may be contaminated with E. coli.        
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