Wells Fargo to refund customers after improper auto insurance charges
Wells Fargo says it charged about 570000 auto loan customers for collateral protection insurance they did not request or need. Some customers faced repossessions as a result. The bank will issue refunds and other compensation after reviewing records from 2012 through 2017.
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Wells Fargo and Co
Wells Fargo
San Francisco
New York Times
The
Bank
Apple discards cheapest iPods ending a era of the Nano and Shuffle
Apple said it is discontinuing the iPod nano and iPod shuffle as part of simplifying the lineup. The two models will vanish from online and retail stores after years of outsold performance by the iPhone.
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Apple
iPhone
Cupertino
Calif
Beer Market Slump as Younger Drinkers Favor Wine and Cannabis
Goldman Sachs downgraded Boston Beer Co and Constellation Brands citing sluggish beer sales as Millennials and Gen Xers shift toward wine and spirits. Nielsen data show a campus of declining beer penetration while BBC data show a worldwide drop. Cannabis use rising coincides with reduced alcohol demand.
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Goldman Sachs
Boston Beer Co
Constellation Brands
United States
CNBC
Nielsen
U.S
Goldman
BBC
China
Brazil
Russia
GDP growth slows but steadies in Q2 2017 expansion
Commerce Department data show the U S economy grew 1.9 percent in the first half of the year, below the 2.2 percent pace seen through 2016. Labor market strength supports consumer spending while business investment and trade add to demand, with experts noting growth remains slow but not worrisome.
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U.S
Commerce Department
Washington, D.C
Donald Trump
Michael Feroli
Jpmorgan
Chase
New York
Trump
Stephen Stanley
Amherst Pierpont Securities
Reuters
Los Angeles
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