Consumer staples companies have been consistently beating earnings estimates so far this quarter. With several big names reporting in the week ahead, the question is: Will the trend continue?
Now's not the time to talk about breaking up the banks, Rep. Barney Frank (D-MA), told CNBC’s “Closing Bell” on Thursday. Frank was responding to former Citigroup CEO Sanford Weill’s call on Wednesday to separate commercial banks from investment banks.
US banks are already separating banking operations, so there's no need for the radical breakup suggested by former Citigroup chairman Sandy Weill, Meredith Whitney told CNBC Wednesday.
American consumers pulled back in June but lower wage growth in China is helping margins, Jarden's executive chairman, Martin Franklin, told CNBC’s “Squawk on the Street” on Tuesday.