The outspoken CEO of online home goods retailer Overstock.com, Patrick Byrne, resigned days after he issued a press release entitled "Comments on Deep ...
Overstock founder and CEO Patrick Byrne resigned Thursday after 20 years at the company amid his ties to a government investigation related to the 2016 ...
Patrick Byrne resigned as chief executive of the online retailer Overstock.com on Thursday, saying he had no choice but to quit because of the attention stirred ...
The U.S. Federal Reserve wanted to do two things when it cut rates for the first time in a decade last month: Support the economy and spark inflation ...
Market moves were modest after the Fed released minutes of its last meeting, but the message was clear — the market still fears the Federal Reserve will not be ...
"The president is not backing down," says CNBC's Jim Cramer, referring to Trump's repeated calls for the Fed to cut rates while talking tough on China.
President Trump has spent months berating the Federal Reserve Board of Governors — and particularly the man he picked to lead the board, Jerome H. Powell ...
As President Trump considers ways to stimulate the economy, one option that has come up: reducing payroll taxes. Here's a rundown of what you pay, and how ...
President Trump isn't famous for consistency, but his reversal on a new round of tax cuts may be a record. On Tuesday he said he was considering a cut in the ...
Kansas City Federal Reserve President Esther George disagrees with the U.S. central bank's move to cut interest rates last month, saying the economy is still ...
Three Federal Reserve policy makers voiced their resistance to the notion that the U.S. economy needs lower interest rates, foreshadowing a sharp debate at ...
Ford is one of four automakers that reached a voluntary agreement with California on fuel efficiency rules, defying Trump and his administration's effort to strip ...
DETROIT – Automakers are walking a fine line of business and politics when it comes to President Donald Trump's efforts to roll back Obama-era fuel efficiency ...
Do you blame God for Donald Trump? “I am the chosen one,” Trump announced on Wednesday. O.K., he was talking about fighting his trade war with China, not ...
Jerome Powell may be "clueless" according to US president Donald Trump. But when the Federal Reserve head takes centre stage at a gathering of the banking ...
Every August, investors around the world obsess over what's going on in a tiny Wyoming resort on the edge of the magnificent Teton mountain range. They have ...
(Reuters) - U.S. stocks turned lower on Thursday as the first contraction in the manufacturing sector in nearly a decade and uncertainty about future interest rate ...
On Friday, Fed Chair Jerome “Jay” Powell will speak at the Jackson Hole Symposium. Mr. Powell certainly has it in him to surprise financial markets. The Fed ...
Donald Trump is not known for his love of 12th-century English history but there are echoes of the clash between Henry II and Thomas Becket in the president's ...
(Reuters) - Wall Street's main markets were set to edge lower on Thursday as the previous session's hints of a skeptical Federal Reserve attitude to a new cycle ...
The number of people who applied for unemployment benefits in mid-August fell back toward a post 2008 recession low, suggesting a slower economy has not ...
The number of Americans filing applications for unemployment benefits dropped 12000 last week, back near a 50-year low. Jobless claims came in at 209000 ...
The number of Americans filing applications for unemployment benefits fell sharply last week, suggesting the labor market was holding firm despite a ...
Apple's shiny new credit card boasts many features, such as clear statements, a cash-back program, and an extremely Apple aesthetic. The flat, white titanium ...
New York (CNN Business) Apple's new titanium credit card comes with a potential headache that will be familiar to iPhone users everywhere: It can get scuffed ...
A number of you are probably getting your brand-new titanium Apple Cards this week, assuming you made sure to order a physical version of the card when ...
Apple Card is here and now available to all iPhone customers in the United States. How does it stack up against the Chase Freedom Unlimited® card another ...
Federal Reserve officials may not tweet their views of monetary policy but on Thursday they were happy to take to television interviews to challenge President ...
Investing.com - Patrick Harker, president of the Federal Reserve Bank of Philadelphia and non-voting member of the FOMC, joined the hawkish camp on ...
Interest rates on short-term U.S. Treasurys have flipped with rates offered on long term notes twice in the past week. But Robert Shiller, the Nobel-prize winning ...
(Reuters) - Philadelphia Federal Reserve Bank President Patrick Harker said on Thursday that he does not see the case for additional stimulus. "We're roughly ...
HP announced this afternoon that Dion Weisler is stepping down as President and CEO. The executive cited a “family health matter” in his decision, noting that ...
(Reuters) - HP Inc, the hardware business of Hewlett Packard Co, said on Thursday that Chief Executive Officer Dion Weisler is stepping down from the role in ...
Long-time HP veteran Enrique Lores, who runs the $20 billion printer business, is succeeding Dion Weisler effective Nov. 1. Weisler, who was named CEO in...
Tesla (TSLA) has attracted interest from many established automakers over the years, and now it adds Volkswagen to the list as VW CEO Herbert Diess says he ...
Volkswagen said on Thursday it was not interested in taking a stake in Tesla , denying a media report that CEO Herbert Diess wanted to buy shares in the U.S. ...
Despite what the flurry of recent headlines suggests, there are other things going on at General Electric for investors to consider besides accounting ...
New York (CNN Business) The Dow and US stocks were all over the place in choppy Thursday trading, after the bond market once again flashed warning lights ...
The stock of lingerie maker Victoria's Secret's parent company L Brands continued its months-long slide Thursday, approaching a decade low on the heels of a ...
Victoria's Secret's fall from grace shows little sign of easing. Comparable sales at Victoria's Secret in the fiscal second quarter that ended Aug. 3 fell a ...
There are three things that thrill extremely online eaters: breakfast pastries that are simultaneously different breakfast pastries, pumpkin-spice anything, and ...
If you were to make a list of 10 reasons a person might avoid Chick-fil-A, its donations to anti-LGBTQ groups would likely be numbers one through nine. Number ...
If you were to make a list of 10 reasons a person might avoid Chick-fil-A, its donations to anti-LGBTQ groups would likely be numbers one through nine. Number ...
More than an hour wait in line for counter *service*. Upwards of 60 cars in the drive-thru at peak times, snaking through the parking lot. Employees directing traffic.
Target's stock price soared to an all-time high Wednesday after the retailer topped earnings expectations as it pushes faster delivery and invests in new ...
Are you kidding us with that second quarter, Target (TGT)?. Isn't traditional retail supposed to be dead thanks to digital beast Amazon (AMZN)? Aren't we ...
Target's stock opened at a record high on Wednesday after the retailer posted second-quarter earnings that beat Wall Street estimates. Sales at exis...
Target Corp. executives cited omnichannel efforts as a catalyst in the retailer's strong fiscal 2019 second-quarter results, including earnings per share 20 cents ...
(Reuters) - Target Corp beat expectations for earnings and raised its full-year outlook on Wednesday as its investments in same-day delivery and pick-up ...
Qantas will run test services of its planned 19-hour flights to determine whether passengers and crew can withstand the marathon journeys. The airline wants to ...
Twelve major phones companies and the attorneys general of every state in the U.S. announced a plan on Thursday intended not only to stem the flood of illegal ...
Large telecom companies and attorneys general from every state unveiled a new pact for combating robocalls, the latest step toward cutting off such calls before ...
Twelve of the nation's largest telecommunications companies and attorneys general from all 50 states plus DC announced a voluntary agreement Thursday to ...
AT&T Inc., Verizon Communications Inc. and 10 other large phone companies have struck an agreement with 51 attorneys general to enact technology to block ...
A group of 51 state attorneys general and 12 phone companies on Thursday announced a sweeping effort to combat the scourge of illegal robocalls dialing up ...
U.S. stocks stumbled to session lows late-morning Thursday, relinquishing earlier gains on the day amid a pair of central bank speakers at a closely watched...
Economic uncertainty drove mortgage rates down, according to Freddie Mac data released Thursday, with the popular 30-year reaching its lowest level in nearly ...
President Trump appears to have waved the white flag on the trade war. The economy's vital signs are cracking. Another rate cut likely will not help. Investors.
With their new statement disavowing “shareholder value,” the CEOs of the country's biggest corporations are trying to send a message: we feel your pain and we ...
In an announcement Monday, the Business Roundtable added their voice to a steady drumbeat of important market signals stating the need to move away from ...
James R. Copland is a senior fellow with and director of legal policy for the Manhattan Institute for Policy Research. The Business Roundtable is one of ...
U.S. manufacturer growth slowed to the lowest level in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown.
Fears of a German recession are rising after Europe's biggest economy posted its second-lowest manufacturing readout in six years. New orders and new e...
A key measure of manufacturing activity in the United States has indicated a contraction for the first time in nearly a decade, adding to worries for the economy.
U.S. Treasury yields rise Thursday after some Federal Reserve officials said they didn't see the need for further rate cuts, underscoring the split within...
Salesforce shares climbed about 7% in extended trading on Thursday after the software company reported better-than-expected quarterly revenue and raised its ...
Salesforce.com Inc. shares rally in the extended session Thursday after the customer-relationship management software company's quarterly results and outlook ...
Walmart filed a multi-million dollar lawsuit against Tesla on Tuesday. The retail giant says Tesla's "negligent installation and maintenance" of solar panels ...
Shares of Dow Inc. and UnitedHealth are retreating Thursday morning, sending the Dow Jones Industrial Average into negative territory. The Dow was most...
U.S. stock futures were pointing to a higher Wall Street open Thursday morning, after the Dow Jones Industrial Average and the S&P 500 posted strong gains ...
The U.S. labor market Opens a New Window. isn't as strong as initially believed, according to new figures published on Wednesday. Continue Reading Below.
Turns out hiring wasn't quite as strong in 2018 and early 2019 as the government initially reported — by about a half-million jobs. The U.S. economy had...
Turns out hiring wasn't nearly as strong in 2018 and early 2019 as the government initially reported — by about a half-million jobs. The economy had about ...
When you can't quite believe what you hear, you might want to go back to the numbers. There's nowhere that's more true than when you look at a government ...
China's currency, the yuan, slipped to its lowest level in a decade on Thursday, a few weeks after China allowed it to weaken past the notable level of se...
China's yuan fell to *fresh* 11-year lows on Thursday amid worries about the deepening Sino-U.S. trade war, despite support from major state-owned banks in ...
A six-day slide that sent the yuan to a decade low will probably be short-lived. That's because a key political event -- the 70th anniversary of the People's ...
The president is irked by the dollar's persistent strength, but he shouldn't blame China or the Fed. Instead, the special role played by the U.S. financial system in ...
China has an increasingly balanced current account and a stable currency – none of which points to currency manipulation, whereas the US has arguably used ...
Splunk Inc (NASDAQ: SPLK ) shares dropped 8.5% on Thursday after the company reported an earnings beat and a major acquisition . Splunk's second-quarter ...
Splunk, the publicly traded data processing and analytics company, today announced that it has acquired SignalFx for a total price of about $1.05 billion.
Splunk said it will acquire SignalFx for approximately $1 billion in total consideration. SignalFx has developed real-time monitoring capabilities for cloud-bas.
Splunk (NASDAQ: SPLK) announced fiscal second-quarter 2020 results on Wednesday after the market closed. If absolutely trouncing expectations, showing ...
United Airlines, hoping to get travelers thinking about next year's vacations as the end of summer vacation season looms, announced several new international ...
United Airlines has announced new international routes, including to Europe, India, the Caribbean, and more. Here are all the details of these new flights.
New 2020 international summer services to Nice, France; Palermo, Italy; and Curacao. United now offers customers more than 270 international routes to 57 ...
United Airlines will add three new international routes from Newark, one from Chicago, and increase existing *service* from Denver, San Francisco, and Newark ...
ollowing last week announcement on new routes to Tokyo Haneda in Summer 2020, United Airlines has just announced that they will be launching new services ...
Alibaba has postponed plans for a multibillion-dollar share listing in Hong Kong, as protests now in their third month exact a deepening economic cost.
State-supported Chinese entities are creating an alternative information universe in an attempt to counter what the world is seeing in the Hong Kong protests.
Hong Kong shares closed higher on Wednesday, having swung back and forth through the day, with traders turning their focus to an upcoming speech by ...
The first Popeyes tweet seemed innocent enough — a photograph of the chain's new fried-chicken sandwich (chicken breast, brioche bun, pickles, sauce) ...
On Huntsville's University Drive there's a Chick-fil-A and Popeyes located about 2.1 miles from each other. Meanwhile on social media, those two fast-food ...
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.
The yield curve briefly inverted on Wednesday as the 2-year Treasury note yield rose above the 10-year Treasury note. That's a reversal of the usual relationship ...
The main part of the yield curve inverted once again Thursday as the yield on the benchmark 10-year Treasury note traded under that of the 2-year note, the third ...
New York (CNN Business) The bond market is trying to tell us something: The yield curve keeps inverting, flashing a warning sign that a recession could be ...
An inverted yield curve is often enough a sign of looming, impending, recession and we've an inverted yield curve. Often enough isn't always tho' and there's a.
Arturo Estrella, the economist who first discovered the predictive power of the yield curve, has a message for recession naysayers: It could hit sooner than you ...
OKLAHOMA CITY - Changes are coming to the way Oklahoma businesses can hire and fire. The Oklahoma Medical Marijuana and Patient Protection act goes ...
SALT LAKE CITY -- Lawmakers are abandoning plans for a state-run medical cannabis dispensary network, FOX 13 has learned. In a bill set to be introduced for ...
Another measure to legalize marijuana has been filed in Florida—and this one is being spearheaded by a major industry stakeholder, the multi-state dispensary ...
With the language now filed for a recreational, or “adult-use,” marijuana amendment for the Florida Constitution, the pressure is on to get it on the 2020 ballot ...
We've long known that 5G rollout wouldn't happen overnight. But now that carriers have gotten things started, they've been confronted with pushback against the ...
Verizon's 5G *service* is ultra fast, but due to the nature of the mmWave technology it's using, *service* from traditional outdoor cell towers tends to vanish indoors.
It's a day of 10s apparently, as Verizon joins Google in talking about the number. While Google is over here ditching dessert names for good, Verizon has added ...
Verizon has decided to work together with DAS, small cells and Wi-Fi provider Boingo Wireless to help it boost its 5G Ultra Wideband *service* indoors and in ...
New York (CNN Business) Dick's Sporting Goods said it is still reviewing whether to continue to sell firearms as it weighs results from 135 stores which no longer ...
Dick's Sporting Goods has reported an increase in its earnings amid a continued push by the company to remove guns from the inventories of some of its stores.
Each night of the Pro Farmer Midwest Crop Tour, scout sample data is compiled and released. While the data is an extremely accurate representation of what ...
CORALVILLE, Iowa/CHICAGO (Reuters) - The U.S. Agriculture Department said on Wednesday it had pulled all staff from an annual crop tour after an employee ...
IARN — On Wednesday, the western leg of the Pro Farmer Midwest Crop Tour went out in the cold and rain to scour the western third of Iowa in crop districts 1, ...
Corn farmers in west-central Illinois are facing potentially smaller corn yields this fall in what has been a challenging growing season after extreme weather and ...
BJ's Wholesale Club released new information about the store now under construction in Pensacola. The company told WEAR-TV that the store will open in ...
Check out the companies making headlines before the bell: Dick's Sporting Goods – The sporting goods retailer earned $1.26 per share for the second quarter, ...
FRANKFURT, Germany (AP) — Imagine lending money to someone and having to pay for the privilege of doing so. Or being asked to invest and informed of ...
Nordstrom's stock soared after the company released a mixed earnings report that showed weakening sales, but handily beat Wall Street profit estimates.
Sales and profit at Nordstrom Inc. JWN 15.86% slipped again in the company's latest quarter. Nordstrom on Wednesday reported total quarterly revenue of $3.87 ...
