Kushner Cos. has received a federal grand-jury subpoena as part of an investigation being conducted by the U.S. attorney’s office in the Eastern District of New York, The Wall Street Journal reported Thursday. White House advisor Jared Kushner was chief executive of the company prior to his role in the […]
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Cramer points to ‘China’s ultimate weapon’ in the trade war: Boycotts
The Trump administration’s trade dispute with China may have quieted down, but CNBC’s Jim Cramer argued on Thursday that it is far from over. “We’ve opened up a new front in the trade war, and while it’s quieter than all of the bombast about tariffs that had people freaking out, […]
Cramer tracks the ‘very close’ race to $1 trillion between Apple, Amazon, Alphabet and Microsoft
The race to a $1 trillion market cap is underway, and it’s looking “very close” to Jim Cramer, host of CNBC’s “Mad Money.” Leading the pack is iPhone maker Apple, with a market cap of $877 billion. In second place is Google parent Alphabet at $757 billion, followed by Amazon […]
Bull market is ‘big and real,’ says analyst. ‘We’re not anywhere near euphoria’
There may be some sectors that are fundamentally challenged but the bull market is still in place — and will be going strong for quite some time, BMO Capital Markets chief investment strategist Brian Belski told CNBC on Thursday. Stocks closed lower on Thursday after a major Asian chipmaker delivered […]
Wells Fargo said to be target of $1 billion US fine
Federal regulators are poised to impose a $1 billion penalty on Wells Fargo for a variety of alleged misdeeds, including forcing customers to buy auto insurance policies that they didn’t need, according to people briefed on the regulatory action. The expected penalty, levied by the Consumer Financial Protection Bureau and […]
Two moms created a solution for the ‘fragmented’ children’s apparel market
Back when Sylvana Ward Durrett and Luisana Mendoza Roccia were working at Vogue, they realized there was no centralized retailer catering to the growing children’s apparel market. So they created their own. “The market is incredibly fragmented,” Ward Durrett told CNBC’s “Power Lunch” on Thursday. “So you’re shopping here for […]
Rudy Giuliani is joining President Trump’s personal legal team for the Mueller probe
Former New York City Mayor Rudy Giuliani is joining President Donald Trump‘s personal legal team to help represent Trump in the special counsel’s investigation. White House lawyer Ty Cobb confirmed the news to CNBC. “I’m doing it because I hope we can negotiate an end to this for the good […]
Teachers union dumps Wells Fargo mortgage promotion for members over bank’s gun-industry ties
The nation’s largest teacher’s union has ended a promotional program with Wells Fargo, citing the bank’s continued ties to the gun industry. The American Federation of Teachers, representing 1.7 million workers, said it removed the Wells Fargo mortgage program from its member benefits site effective Thursday. The union had attempted […]
Trump says he will campaign for Marsha Blackburn in Senate race — after Bob Corker says he won’t
President Donald Trump endorsed Republican Rep. Marsha Blackburn in Tennessee’s Senate race on Thursday and committed to campaigning for her. The president’s tweet of support for the congresswoman came a day after outgoing GOP Sen. Bob Corker said he would not campaign against former Gov. Phil Bredesen, the leading Democratic […]
Retailers need both online and physical presence to survive: former Macy’s CEO
The trick to surviving the current retail disruption may not be as simple as moving your shop online, said former Macy’s CEO Terry Lundgren. Instead, Lundgren said, retailers today need to have a presence in both worlds. “Neither one or the other is the way consumers shop today,” Lundgren said […]