Retailers are gearing up for shoppers to turn up in droves this holiday season, with sales for the industry expected to climb more than 4 percent from a year ago, topping $700 billion. And during the holidays, many shoppers will take advantage of key shopping days like Black Friday and Cyber Monday to score the…
Spencer Platt | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) on October 10, 2018 in New York City.  The issue has hurt the market in the past. Last February, a higher than expected wage growth number panicked Wall Street. It sent the 10-Year Treasury yield above 3 percent…
A report compiled on online influence operations in the 2016 elections points to a wholesale effort by Russia to inflame sentiments on Facebook, Instagram, Youtube and Twitter, with efforts dating back to as early as 2009. Russia increased those efforts as campaigning for the 2016 U.S. presidential election heated up, with the intention to boost…
"While higher volatility that comes with less monetary support warrants somewhat lower equity valuations, lower risk positioning, higher equity volatility and higher credit spreads, we think that the current divergence is simply too large," Kolanovic said in the note. "To some extent, we trace the disconnect between negative sentiment and macroeconomic reality to the reinforcing…
Four Democratic senators are requesting the White House counsel's office to provide documents and answer detailed questions about whether Trump aide and former Fox News executive Bill Shine is breaking conflict of interest laws as he continues to get paid by 21st Century Fox. In a letter obtained by CNBC, Sens. Elizabeth Warren, Richard Blumenthal,…
[The stream is slated to start at 2:30 pm ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell meets with the media Wednesday to discuss action taken at this week's Federal Open Market Committee meeting. The FOMC sets monetary policy for the central…
U.S. airlines are following the lead of a product that international airlines have been offering for years. Premium economy class is often a separate cabin, in between business and economy. Passengers in these seats get an amenities kit, earlier boarding, lounge access, bigger entertainment monitors, better dining options. The seats are wider and offer significantly…
Turmoil in Washington, D.C., has caused unnecessarily drastic declines in the stock market in recent weeks, UBS' Art Cashin told CNBC on Friday. "I think we lost maybe a couple of thousand points that we didn't need to because of the disruptions that we saw," including the ongoing government shutdown and President Donald Trump's attacks…
Johnson & Johnson plans to repurchase $5 billion in shares after the company lost more than $50 billion in market value over two trading days following a scathing news report Friday. Reuters published an in-depth report that said the company knew for decades its talc baby powders contained asbestos and failed to disclose it. The…
On Friday, former U.S. president Barack Obama shared his annual year-end list of the books, movies and music that he "found most provoking, inspiring, or just plain loved" in 2018. "It also gives me a chance to highlight talented authors, artists, and storytellers — some who are household names and others who you may not…
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