Corie Barry, chief executive officer of Best Buy Co., speaks during the Fortune’s Most Powerful Women Summit in Washington, D.C., U.S., on Wednesday, Oct. 23, 2019. Sarah Silbiger | Bloomberg | Getty Images Best Buy said Friday its board is probing allegations of misconduct by its CEO Corie Barry after […]
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As stocks hit more and more records, there are signs traders may be getting way too euphoric
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 15, 2020. Brendan McDermid | Reuters Wall Street may be getting a bit too excited about the stock market’s hot start to the new year. The S&P 500 has already jumped nearly 3% […]
Epic Systems, a major medical records vendor, is warning customers it will stop working with Google Cloud
Thomas Kurian, CEO of Alphabet’s Google Cloud, speaks at the Google Cloud Next conference in San Francisco on April 9, 2019. Michael Short | Bloomberg | Getty Images Account reps from Epic Systems, one of the largest providers of medical record systems, have started calling customers with a clear message: […]
Job openings slide by more than half a million as the labor market tightens
Job openings plunged to their lowest level in nearly two years as hiring surged in November and the employment market got tighter, the Labor Department reported Friday. Total vacancies tumbled by 561,000 to 6.8 million for the month, the lowest since February 2018, according to the government’s Job Openings and […]
Walmart shuffles executives after holiday season, chief merchant departing
Cashiers ring up shoppers at a Walmart store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images Walmart is shuffling its executive team after the 2019 holiday season. The company’s chief merchant Steve Bratspies is set to depart, according to an internal memo sent to employees Friday by […]
Hedge fund legends David Tepper and Stanley Druckenmiller tell CNBC they’re both still bullish, for now
Billionaire investors David Tepper and Stanley Druckenmiller told CNBC on Friday they remain bullish on the stock market even as the Dow Jones Industrial Average keeps hitting record highs. Tepper, the Appaloosa Management founder, exclusively emailed “Squawk Box” co-host Joe Kernen, saying, “I love riding a horse that’s running.” He […]
Stanley Druckenmiller is still bullish the market because of the Fed and Trump
Hedge fund manager Stanley Druckenmiller said Friday he agrees with fellow billionaire investor David Tepper’s optimism on the market and said he, too, is still “riding the horse.” “I revealed a very bullish posture intermediate term since October when [Fed Chairman Jerome] Powell guaranteed he would not rescind the insurance […]
Manufacturers to spend $26.2 billion on ‘upskilling’ in 2020 to attract and keep workers
A worker fits wheel hub badges on the Ford Focus automobile assembly line inside the Ford Motor Co. factory in Saarlouis, Germany, on Wednesday, Sept. 25, 2019. Ford expects hybrid electric vehicles and battery electric vehicles (BEVs) to make up over 50% of its European passenger vehicle sales by year-end […]
US housing starts soar 16.9% in December to a 13-year high
U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record. Housing starts jumped 16.9% to a seasonally adjusted annual rate of 1.608 […]
David Tepper says he’s still betting on this bull market: ‘I love riding a horse that’s running’
David Tepper, founder and president of Appaloosa Management. Cameron Costa | CNBC This is breaking news. Please check back for updates. David Tepper, founder of Appaloosa Management, said Friday he still likes this bull market, which is the longest on record. “I love riding a horse that’s running,” Tepper told CNBC’s […]