The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
Talks between the world's two largest economies have stalled after each nation lobbied higher tariffs on the other's imports.Traderead more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
A Chinese official in Hong Kong is urging the quick passage of legal measures to allow fugitives to be transferred to the mainland.China Politicsread more
GAC Motor said its delaying its launch in the U.S. but had no timeline when it could launch there.Autosread more
Shares in Asia were higher in Wednesday morning trade following a positive finish overnight on Wall Street, though trade tensions continued to linger between the U.S. and...Asia Marketsread more
See which stocks are posting big moves after the bell on Tuesday, May 21.Market Insiderread more
CBS plans to renew discussions for Starz with Lions Gate in the coming weeks, according to people familiar with the matter. If a deal happens, the remainder of Lions Gate...Technologyread more
NASCAR's Jeff Gordon was on the floor of the New York Stock Exchange on Wednesday to see the company that makes the paint for his race cars go public.
Axalta Coating Systems saw shares climb in mid-morning trade on Wednesday after the company made its stock market debut under ticker symbol "AXTA." The coatings company raised roughly $975 million through its initial public offering, as parent company Carlyle Group sold about 50 million shares.
The Philadelphia-based company, which makes liquids and powder coatings, was formerly known as DuPont Performance Coatings. It operated for 140 years under DuPont until it was sold to the Carlyle Group and rebranded as Axalta last year.
Gordon, who has won four NASCAR Spirit Cup championships, has worked with DuPont for 23 years.
"The timing was perfect. They gave me my shot. I mean, I started my NASCAR Sprint Cup Series career with DuPont when they first came on, and they've been incredible partners. That's what NASCAR is all about, is having great partners," Gordon told CNBC on Wednesday. "You know, I think that we're sort of a testing bed for their products, but at the same time we know we have the best quality coating to do what we do."
After the company's debut, CEO Charles Shaver told "Squawk on the Street" he expects the company to grow, especially given the strength in the auto industry, and emerge world class.
"We see really good, strong fundamental demand right now even though some of the countries may not be growing their GDPs that great, you know, the world's desire for transportation at the individual level continues to grow," Shaver said.