Money

Julian Castro Says He’s Running for Democratic Presidential Nod

Former San Antonio Mayor and Obama administration official Julian Castro formally announced he’ll run for the Democratic presidential nomination in 2020, attempting to get an early jump on what’s shaping up as a crowded field of candidates. Castro has been considered a rising star in the Democratic Party — he was a contender to be …

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Costco’s 27-Pound Mac And Cheese ‘Storage Bucket’ With 20-Year Shelf Life Sells Out

The warehouse giant Costco got a lot of attention this week after debuting their Chef’s Banquet Macaroni & Cheese Storage Bucket, a 27-pound bucket of macaroni and cheese with 20 years of shelf life. The tub of elbow pasta and cheddar cheese sauce has 180 servings all for $89.99, that’s about 50 cents per serving, …

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500 Passengers Are Now Sick on Royal Caribbean’s Oasis of the Seas Cruise Ship

The number of passengers hit with a gastrointestinal illness on a Royal Caribbean International cruise ship has increased to nearly 500, a day after the company said 277 passengers on the Oasis of the Seas had initially fallen ill. Passengers started feeling sick after the cruise ship departed from Port Canaveral in Florida on Sunday, …

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Ghosn Senior Executive Resigns From Nissan a Week After Going on Leave

One of Nissan Motor Co.’s most senior executives and a close confidant to its jailed chairman, Carlos Ghosn, has resigned from the company one week after taking a leave of absence. Jose Munoz, Nissan’s chief performance officer, resigned effective immediately, according to a post on his LinkedIn page and a company spokesman. Munoz, 53, had …

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U.S. Economy Is Floating on an ‘Ocean of Debt’, Gundlach Warns

Jeffrey Gundlach said yet again that the U.S. economy is gorging on debt. Echoing many of the themes from his annual “Just Markets” webcast on Tuesday, Gundlach took part in a round-table of 10 of Wall Street’s smartest investors for Barron’s. He highlighted the dangers especially posed by the U.S. corporate bond market. Prolific sales …

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Why the Huawei Affair Hasn’t Cooked Canada’s Goose

China’s consumers are “beginning to take sides” in the U.S.-China trade war, with dire implications for some of America’s biggest companies. So says the redoubtable Jim Cramer, who fretted on CNBC’s “Mad Money” Friday that Apple’s disastrous first quarter in China, along with a Goldman Sachs report downgrading Starbucks because of “a number of points …

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