National: Breaking US News from CNBC

The general election has begun: Now it gets really negative
The Trump vs. Clinton dynamic will feature each nominee trying to maximize negative views of the other. Can Trump win?

Trump: I was surprised Cruz dropped out, but hope he can get behind me
Donald Trump tells NBC he’s confident he “can unite much” of the GOP.

Biotech stock giddiness sparks buyout interest: investor
After the worst quarterly performance since 2002, the biotech industry could be primed to resume deal-making says one investor.

Millennials and minorities most often crushed by overdraft fees, Pew study finds
Though overdraft programs started out as a customer courtesy, the fees have become an expensive and risky form of credit.

This is how millennials will really succeed in business
Millennials starting careers will succeeed in a series of incremental decisions and actions that set careers in motion.

US factory orders rise steadily in March; inventories pick up
New orders for factory goods rose more than expected in March, while shipments and inventories increased.

Bill Gross: ‘Helicopter money’ coming in a year or so
In his latest investment outlook report, Gross said the Fed and the Treasury should engage in another round of QE.

Service sector edges higher in April
The non-manufacturing sector grew last month, a survey of supply executives said Wednesday.

Start-ups promise to take away the pain of dealing with customer service calls
Americans will spend 900 million hours on hold this year. New services are willing to tackle those customer service calls for you.

Apple Music refresh to be unveiled at WWDC: Report
The tech giant’s music streaming service is getting revamped with assistance from Trent Reznor of Nine Inch Nails.

Forget Oprah: Weight Watchers stock goes on a crash diet
The shares have lost 55 percent since peaking in the fall following the billionaire’s partnership with the company.

Online lenders are taking a beating
Fintech companies are hit hard as online lending crimps in volatile markets.

Just give the US a flat tax: Blackstone CEO Schwarzman
“You don’t have to have just one tax for everyone; you can have one or two and get rid of all deductions,” Blackstone’s CEO says.

Islamic State ‘direct fire’ kills US Navy SEAL in north Iraq
Militants killed a U.S. Navy SEAL in northern Iraq after blasting through Kurdish defenses and overrunning a town, officials said.

Takata to recall up to 40 MILLION more US air bag inflators: Sources
Takata will announce that it is more than doubling what is already the largest-ever U.S. auto safety recall, three sources said.

It’s Donald Trump’s GOP nom after Ted Cruz drops out
Donald Trump became the likely GOP nominee on Tuesday as top rival Senator Ted Cruz withdrew from the race.

Energy has peaked, and now we’re on the way down: Strategist
Oil prices dropped for the third straight day on Tuesday, is this the end of the energy sector’s climb?

TFW you realize the robot you trained is going to take your job
It would be surprising if Facebook didn’t replace its humans with software that could efficiently summarize news stories. Why shouldn’t it?

Sanders wins Indiana but Clinton looks to November
Bernie Sanders was declared the winner of the Indiana primary Tuesday, but Hillary Clinton was already looking ahead to the general election.

Mortgage applications down 3.4% on another slight rate gain
A small tick higher for interest rates last week was enough again to hold borrowers back from applying for a mortgage.

FCC approves Altice purchase of Cablevision Systems
The U.S. Federal Communications Commission has approved European telecoms group Altice’s acquisition of U.S. cable company Cablevision Systems.

These are the post-Indiana odds on a Trump presidency: Political analyst
Hillary Clinton is expected to win the presidency, but nobody should count out Donald Trump, says Greg Valliere.

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