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Financial News of the Week

Breaking business, economic and personal finance news, including reports on oil prices, stocks, technology, retirement, small business and more.
7:23pm: The ongoing negative rhetoric over guns and mass shootings drags down gun stocks including American Outdoor Brands, Vista Outdoor and, for the week, Sturm Ruger. (more)
6:43pm: Warren Buffett, CEO of Berkshire Hathaway, is retiring from the Kraft Heinz board of director to "decrease his travel commitments." (more)
5:58pm: Ryan Holiday reports in "Conspiracy" for the first time that a 26-year-old who goes by the pseudonym "Mr. A" gave Thiel the idea on how to take down Gawker. (more)
4:48pm: Li Shufu, chairman of Volvo-owner Geely, takes a 10% stake in German automaker Daimler. (more)
4:40pm: 'American businesses have the responsibility to make ethical decisions,' the founder of one gun control group said. (more)
4:30pm: Citigroup will refund an average of $190 to 1.75 million credit card accounts overcharged on annual interest rates. (more)
4:25pm: Waymo wants to make sure you never get sick in self-driving cars (more)
4:00pm: Snap CEO Evan Spiegel became a billionaire by proving people wrong. Now the fate of his company may rest on doing it again. (more)
3:53pm: Dropbox, the cloud storage company, filed paperwork on Friday to raise $500 million in its long-awaited initial public offering. (more)
2:55pm: General Mills is best known for Wheaties and Cheerios, but cereal and yogurt sales have been weak. So it's buying pet food company Blue Buffalo Pet Products. (more)
2:05pm: Three Senate Democrats are demanding Mick Mulvaney, the interim chief of a consumer watchdog bureau, to explain -- yet again -- why he plans to weaken consumer protections against payday lenders. (more)
2:05pm: Four months after their billionaire owner shut them down, beloved local news sites Gothamist, DCist and LAist will soon be back online. (more)
1:36pm: Treasury Secretary Steven Mnuchin said wages can rise without sparking inflation. Economists say Mnuchin's comment is true only in a perfect setting. In the current reality, wages and inflation will likely move in tandem, they say. (more)
1:28pm: The president's son addressed a business summit in New Delhi Friday after a four-city tour to promote Trump-branded properties in India (more)
1:18pm: The Olympics remain a marquee attraction -- the continuing embodiment of the thrill of victory and agony of defeat -- with several evolving caveats about their traditional power as a marketing platform. (more)