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Billboards are having a moment.

Traditional advertising has been falling for years. Companies just aren't spending as much on newspaper, radio and television ads. And last year was not much better, according to an industry report.

But there is one traditional advertising form that is showing signs of life: billboards and other parts of the segment known as out-of-home advertising.

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The New Bond Villain

Apr 20, 2018

The 10-year Treasury note is used as a benchmark for all sorts of other loans, like mortgages. It's also used as a kind of forecast for the economy.

And right now, pundits and money managers are fretting about the yield on the 10-year. It's been hanging out just below three percent for a while, and people are worried that if it goes to three percent or higher it could hurt the economy.

But our guest today, Marilyn Cohen of bond investment manager Envision Capital, says those concerns are way overblown.

The Consumer Financial Protection Bureau is levying a $1 billion fine against Wells Fargo — a record for the agency — as punishment for the banking giant's actions in its mortgage and auto loan businesses.

Wells Fargo's "conduct caused and was likely to cause substantial injury to consumers," the agency said in its filings about the bank.

Where other chefs might see kitchen trash, Tim Ma finds treasure — for his culinary creations, and his bottom line.

The American Federation of Teachers said Thursday that it is cutting its financial ties with Wells Fargo as a result of the banking giant's relationships with the National Rifle Association and gunmakers.

The AFT, a 1.7 million-member national union, is dropping the bank as a recommended mortgage lender, to which it currently channels more than 20,000 AFT mortgages.

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As early as today, Wells Fargo could be facing a new fine of up to a billion dollars for a variety of infractions against its customers. NPR's Jim Zarroli has details. And we should note - Wells Fargo is a financial supporter of some NPR programming.

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