Wells Fargo chief administrative officer, chief auditor to begin leaves of absence
Wells Fargo announced Wednesday that Chief Administrative Officer Hope Hardison and Chief Auditor David Julian are taking leaves of absence and will no longer be a part of the bank’s operating committee. The company said the absences are related to...
Stocks making the biggest moves after hours: Tesla, AMD, Ford and more
Check out the companies making headlines after the bell: Tesla shares soared as much as 13 percent during after-hours trading as the company beat analysts estimates on earnings and revenue in its third-quarter results. Adjusted earnings per share were $2.90...
Hershey CEO: ‘We feel good about where the consumer is in the US’
The U.S. consumer is in good shape, Michele Buck, chief executive officer at The Hershey Company, said on Wednesday, becoming the second CEO in as many days to tell CNBC that Americans remain confident in the economy. “We feel good...
Cramer bashes Trump for mocking Fed Chair Powell — ‘I wish the president would shut up’
CNBC’s Jim Cramer said on Wednesday he agrees with President Donald Trump that the Federal Reserve should stop raising rates. But the “Mad Money” host wishes the president would stop talking about it. “I wish the president would shut up,”...
Can Russia’s rouble swim against the falling tide of EM currencies?
By: Anna Fedorova Over the last three months, the Russian rouble has outperformed many emerging market currencies, buoyed by rising oil prices and an accommodative central bank, but it continues to suffer under the pressure of potential fresh US sanctions...
New home sales drop 5.5% in September to near two-year low
New home sales plunged in September, falling 5.5 percent to an almost two-year amid pressures for rising interest rates that have hammered the real estate market. The Commerce Department reported that sales for the month came in at 553,000 on...
Fed’s Kaplan: ‘We no longer need to be stimulating the US economy’
Dallas Federal Reserve President Robert Kaplan on Wednesday became the latest central banker to say it’s time to let the economy run on its own. At a time when the Fed is undergoing criticism from President Donald Trump and some...
Target CEO says the US consumer is as strong as ever: ‘They’re seeing wages rise’
Target CEO Brian Cornell sees no change in how Americans feel about their finances, standing by the bold call he made on CNBC in August about the “consumer environment” being the best he’s ever seen. Despite the stock market tumble...
Jim Paulsen: ‘Full-on panic’ is the buying opportunity; market hasn’t seen ‘ultimate bottom’
Wall Street veteran Jim Paulsen doesn’t think the market is necessarily done heading lower. For one, he thinks valuations are high. Plus, there hasn’t been any real fear in the recent sell-offs. “It’s always been really controlled and kind of...
Stocks making the biggest moves after hours: Texas Instruments, iRobot, Barnes & Noble and more
Check out the companies making headlines after the bell: Texas Instruments shares fell more than 5 percent during after-hours trading Tuesday as the company missed analysts’ estimates on revenue in its third quarter and announced weak fourth quarter guidance. The...
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