Rep. Maxine Waters calls Wells Fargo CEO’s $2 million bonus outrageous, calls for his removal
Rep. Maxine Waters, the California Democrat who runs the powerful House Financial Services committee, called for the removal of Wells Fargo CEO Tim Sloan after news that he received a $2 million bonus as part of his 2018 pay package....
New home sales drop 6.9% in January, in sign govt shutdown may have hurt buying
Sales of new U.S. homes slumped 6.9 percent in January, a possible sign that buyers paused during the government shutdown. The Commerce Department says that new homes sold at a seasonally adjusted annual rate of 607,000 in January, down from...
US import prices rose more than expected in February as fuel prices surge
Import prices rose 0.6 percent in February, boosted by increases in the costs of fuels and consumer goods, the Labor Department said on Thursday. That was the biggest gain since May and followed an upwardly revised 0.1 percent rise in...
Stocks making the biggest moves after hours: MongoDB, Tailored Brands and more
Check out the companies making headlines after the bell: Shares of database company MongoDB surged more than 17 percent after market close Wednesday based on better-than-expected fourth-quarter earnings. Beating on the top and bottom lines, the company reported an a...
Stocks making the biggest moves midday: Boeing, Aurora Cannabis, Vera Bradley & more
Check out the companies making headlines midday Wednesday: Aurora Cannabis — Shares of Aurora Cannabis rose 10 percent in midday trading after the company announced that billionaire activist investor Nelson Peltz will join as a strategic advisor. The company added...
Orders for big-ticket factory goods rose a modest 0.4% in January
Orders to U.S. factories for big-ticket manufactured goods edged up slightly in January, but the strength came from a big increase in the volatile aircraft category. In encouraging news for future growth, a key category that tracks business investment plans...
US wholesale inflation remained tame in February
U.S. wholesale prices barely increased last month after falling for three straight months, a sign there is little inflation pressure in the economy. The Labor Department says the producer price index — which measures price changes before they reach the...
Weekly mortgage applications hit a record, but not a healthy one for housing
Mortgage interest rates are now decidedly lower than a year ago, and home shoppers are buying in, but most are wealthier consumers purchasing more expensive homes. Total mortgage application volume rose 2.3 percent last week from the previous week, according...
Fewer companies in China are planning to hire, survey finds
Hiring prospects have worsened in China, recruitment firm Manpower Group found in its latest survey released Tuesday. A net 6 percent of firms surveyed plan to increase hiring between April and June — the lowest since the third quarter of...
Apple’s streaming service is ‘a game changer,’ to add 100 million users in 3 years, Wedbush says
Apple’s entry into TV streaming will be a game changer, according to Wedbush Securities. The tech giant on Monday announced a press event on March 25 where it is widely expected to unveil its TV streaming services that will offer...
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