Wells Fargo said to be investigating reports of gender bias in its wealth division
Wells Fargo has been investigating internal complaints of gender bias in its wealth management division for months and is looking into at least one formal human resources complaint about the division’s head, a man, according to a report in The...
Four-year high gas prices are still about $1 cheaper than the most expensive Labor Day
Motorists this Labor Day will be paying the most at the pump since 2014, but those prices are nothing compared with the end of summer 2012, GasBuddy analyst Patrick DeHaan told CNBC on Friday. The average price for a gallon...
Talk of tying capital gains taxes to inflation shouldn’t change your financial plans
The administration’s interest in allowing investors to factor in inflation when calculating their capital gains tax liability is mounting. On Thursday, President Donald Trump said he’s thinking “very strongly” about doing so. That comes after Treasury Secretary Steven Mnuchin announced...
Consumer sentiment edges up in August but remains near lowest level since January
Consumer sentiment in the U.S. was opposite of expectations in the final reading of August, rising slightly rather than further weakening as economists predicted. The University of Michigan’s monthly survey of consumers hit 96.2 in the final reading of August,...
Bank of America downgrades EA, Activision Blizzard due to ‘Fortnite’ and holiday slate
Bank of America Merrill Lynch is getting worried about the video gaming industry’s holiday selling season. The firm lowered its rating for both Electronic Arts and Activision Blizzard shares to neutral from buy, citing the crowded holiday slate and competition...
The $1 billion price cut: Luxury real estate gets slashed
The most expensive real-estate in America just became a little less expensive — with $1 billion in price cuts among America’s top listings over the past few months, according to a CNBC analysis.
Big Lots shares plummet 9% after earnings disappoint
Shares of Big Lots plunged Friday after the discount retailer reported second-quarter earnings that fell short of Wall Street expectations. The company’s stock dropped more than 9 percent, adding to its 14.7 percent decline this year. The Columbus, Ohio-based company...
Stocks making the biggest move premarket: KO, LULU, ULTA, BIG & more
Check out the companies making headlines before the bell: Coca-Cola – Coca-Cola struck a deal buy Costa, the world’s second-largest coffee chain, from Britain’s Whitbread for $5.1 billion, including assumed debt. Costa has nearly 4,000 locations across a variety of...
Here’s why you will own more China stocks in the near future
Despite global trade and tariff tensions, one of the world’s biggest indexers is pushing ahead with plans to include mainland China stocks in its indexes. That means investors in most global funds will be owning more China stocks in the...
This chart could explain why the bitcoin bubble hasn’t fully burst
“Every time bitcoin was in the news, be it positive or negative, the price went up accordingly,” van der Burgt said in a phone interview with CNBC on Wednesday. Van der Burgt said the correlation between Google searches for bitcoin...
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