Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox. The White House on Monday unveiled President Donald Trump's long-awaited infrastructure plan that aims to rehabilitate the nation's roads, bridges, tunnels, and more. The plan will include $200 billion in federal funding over the next 10 years, and it aims to raise up to $1.5 trillion in total by incentivizing investment from state and local governments as well as private firms. Here's what's in the plan. And here's a look at just how bad America's infrastructure has gotten. Banks are closing branches at a record pace, but JPMorgan Chase is making a big contrarian bet on brick-and-mortar locations. We spoke with the creator of the Chase Sapphire Reserve about millennials, myths, and the other challenges she'll confront in her next job captaining the company's branch expansion. Stocks are making another big rebound after a volatile week. Here's what else is happening today: Arby's CEO made a $2.9 billion bet on Buffalo Wild Wings — here's his plan to save the struggling chain. Goldman Sachs says Apple is primed for a much bigger acquisition than $3 billion Beats. Barclays says the company should acquire Dropbox. A Facebook employee asked a reporter to turn off his phone so Facebook couldn't track its location — and it reveals a bigger problem within the company. MoviePass terminated a 'small percentage' of its customers for violating the terms of service, but people are desperately trying to reactivate their accounts. Lastly, here's what Americans spend on an engagement ring in each state, ranked from lowest to highest. |
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