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IBC News

The Five Dumbest Things on Wall Street This Week

A winner for the Magic Kingdom, Martha and reality TV, CA rewrites the cookbook, disconnect at IACI, and no more Twinkie defense.

Stocks Take a Pounding

An oil spike compounds weakness started by a Cisco downgrade and weak earnings from Morgan Stanley.

Stocks in Motion: Onyx Acceptance

A Capital One buyout bid boosts the auto lender's stock by 68%.

Interstate Bakeries Files Chapter 11

The company known for its Wonder Bread and Hostess cupcakes cites a litany of problems.

Stocks in Motion: CKE

The restaurant company posts a second-quarter profit that was weaker than expected.

Breaking News

Wendy's Stock Surges As Activist Nelson Peltz Mulls Takeover Deal

Nelson Peltz and Trian Partners, Wendy's biggest shareholders, are planning to arrange a takeover of the iconic burger chain.

Fed Minutes Opinion: Powell Wields Interest Rate Hammer In A World Of Inflation Screws

Fed Chairman Jerome Powell has raised his inflation hammer, vowing sharp rate hikes to slow the fastest U.S. inflation in forty years. It won't work.

Mortgage Rates Ease, But Soaring Prices Keep Buyers, Refinancers Sidelined - MBA

“Most refinance borrowers continue to remain on the sidelines as a result, and refinance applications have fallen in nine of the past 10 weeks," said the MBA's Joel Kan.

General Motors Takes a Big Hit

GM says it found 'malicious login activity' on an unspecified number of online user accounts.