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The Daily Money: Northeast battles storms and U.S. says goodbye to an iconic steel company


Happy Monday from Chicago, where it is windy and cold but not flooding (thank goodness!), unlike my friends in the Northeast. I hope they and you are all and safe.

In other news, U.S. Steel will soon trade citizenships. Japan's Nippon Steel agreed to buy the iconic U.S. Steel for nearly $15 billion in cash. In its heyday, U.S. Steel was the world's largest corporation, created by Andrew Carnegie, one of America's top robber barons.

U.S. Steel shares jumped more than 25% on the news. If your financial advisor had that stock in your portfolio, lucky you! Tell us about it. We're taking a survey of top financial advisors here.

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 About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from Paste BN. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.