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Top News & Analysis Charlotte

  • WASHINGTON, March 24- New orders for U.S.-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter. "The evidence is building that manufacturing activity is on something of an upswing and that capital...

  • Like many cable news shows in the Trump era, "Fox& Friends" has seen ratings jump, and not just in the White House. The White House cited the report to buttress its view that Trump's predecessor was surreptitiously watching him, but after Britain dismissed it as "nonsense" and Fox said it could provide no evidence to back it up, Napolitano has been taken off the air...

  • WASHINGTON, March 16- U.S. homebuilding jumped in February as unseasonably warm weather boosted the construction of single-family houses to near a 9-1/ 2- year high, suggesting the economy remained on solid ground despite an apparent slowdown in the first quarter. Fed Chair Janet Yellen told reporters that the U.S. central bank was sending a message that "we have...

  • CHARLOTTE, N.C. _ Cato Corp. on Thursday reported a fiscal fourth-quarter loss of $12.8 million, after reporting a profit in the same period a year earlier. The Charlotte, North Carolina- based company said it had a loss of 48 cents per share. For the year, the company reported profit of $47.2 million, or $1.72 per share.

  • Two flight attendants are suing American Airlines over harassing Facebook messages posted by male co-workers. One of the flight attendants, Melissa Chinery of Philadelphia, said after announcing that she was seeking a union position she was harassed by a group of male flight attendants and called obscene names. The other flight attendant, Laura Medlin, based...

  • NEW YORK, March 9- The run of gains on Wall Street turns 8 years old on Thursday and, despite its advanced age, is expected to rage on, with perhaps a few hiccups, based on a combination of stronger company earnings, lower taxes and a corporate-friendly administration in Washington. "Just because the market has hit a birthday, or is among the longest ever, doesnt mean that...

  • WASHINGTON, March 3- A U.S. Justice Department probe into a phony accounts scandal at Wells Fargo& Co is asking whether executives hid details from the company board and regulators as the problem grew over years, sources familiar with the review said. The Justice Department this week was due to interview federal bank examiners in Charlotte, North Carolina, and ask...

  • *Snapchat-owner Snap Inc surges in debut. The S&P 500 and the Nasdaq on Wednesday had their best day since the November election, boosted by President Donald Trump's more measured tone in a speech to Congress and as bank stocks surged on increased chances of an interest rate hike this month. "It seems like after yesterday's surge, there is no real news out there this...

  • March 2- U.S. stocks slipped on Thursday as investors booked profits after a record day on Wall Street that propelled the Dow Jones Industrial Average above 21,000 for the first time ever. Wall Street's main indexes on Wednesday posted their best day since the November election, boosted by President Donald Trump's more measured tone in a speech to Congress and...

  • Berkshire bought $5 billion of Bank of America preferred stock carrying a 6 percent dividend, or $300 million annually, in August 2011, when many investors worried about the second-largest U.S. bank's capital needs. In his annual letter to Berkshire shareholders, Buffett said if Bank of America's current 30 cents per share annual dividend rose above 44 cents...

  • WASHINGTON, Feb 24- New U.S. single-family home sales rose less than expected in January, likely held back by heavy rains and flooding in California, but continued to point to a strengthening housing market despite higher prices and mortgage rates. Consumers are confident and are buying homes, but builders are not getting their share of that demand, "said Joel...

  • Pakistani soldiers patrol at the site of a court complex after multiple Taliban suicide bombings in the Tangi area of Charsadda district on February 21, 2017.

    Here are some of the key stories CNBC is following this hour.

  • It is unclear what Berkshire paid for its Apple shares, but so far in 2017 their value has increased by $1.1 billion, and legendary investor Buffett's increased interest in Apple could boost already positive sentiment on Wall Street. Many on Wall Street also believe that strong sales of the iPhone 6 S two years ago have left a larger-than-normal base of...

  • *Yellen says Fed to raise interest rates at an upcoming meeting. *Dollar, Treasury yields, bank stocks gain. Feb 14- Major U.S. stock indexes established record highs on Tuesday, led by bank stocks after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates.

  • The stock was up 1.2 percent at $134.91 in afternoon trade, beating its previous intraday high of $134.54 set on April 28, 2015. Many on Wall Street also believe that strong sales of the iPhone 6 S two years ago have left a larger-than-normal base of customers ready to upgrade. "Were holding it, we look for opportunities to buy," said Jeff Carbone, co-founder of...

  • *Yellen says Fed to raise interest rates at an upcoming meeting. Feb 14- Major U.S. stock indexes hit record highs on Tuesday, led by bank stocks after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates. Apple rose as much as 1.25 percent to an all-time high of $134.95, contributing to gains in the S&P 500, Dow Jones...

  • Consumer sentiment falls in early February. WASHINGTON, Feb 10- U.S. consumer sentiment eased off a 13- year high in early February likely as some of the jubilation over Donald Trump's election victory ebbed, but it remained strong enough to suggest that consumers will continue to drive the economy. The University of Michigan on Friday said its consumer...

  • *Nonfarm payrolls forecast rising 175,000 in January. WASHINGTON, Feb 3- U.S. job growth likely accelerated in January, with wages expected to have increased steadily, suggesting a strong start for the Trump administration as it seeks to boost the economy and employment. President Donald Trump vowed during last year's election campaign to deliver 4 percent...

  • *Manufacturing activity jumps in January. *New orders, employment measures increase. WASHINGTON, Feb 1- U.S. factory activity accelerated to more than a two-year high in January amid sustained gains in new orders and raw material costs, pointing to a recovery in manufacturing as domestic demand strengthens and the drag from low oil prices ebbs.

  • *Manufacturing activity jumps in January. *New orders, employment measures increase. WASHINGTON, Feb 1- U.S. factory activity accelerated to more than a two-year high in January amid sustained gains in new orders and raw material costs, pointing to a recovery in manufacturing as domestic demand strengthens and the drag from low oil prices ebbs.