Iran's Revolutionary Guard said the British tanker, Stena Impero, failed to follow international maritime rules.World Newsread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can...The Fedread more
More than a quarter of the S&P 500 companies report earnings in the week ahead, and that could buffet the market as investors await the Fed's meeting at the end of the month.Market Insiderread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
Trump's constant berating of the Fed and its actions does not influence the central bank's decisions, Boston Fed's Eric Rosengren says.The Fedread more
Executives from United Airlines and American Airlines were "shocked" that state-owned airline Qatar Airways CEO Akbar Al Baker was also invited to the meeting, according to a...Airlinesread more
J.C. Penney on Friday afternoon issued a statement responding to a report that the embattled department store chain had hired advisers to explore debt restructuring options,...Retailread more
Earlier this week, a lawyer said Jeffrey Epstein, a former friend of Presidents Donald Trump and Bill Clinton, had "improper sexual contact" with at least one woman under the...Politicsread more
Walmart is making further organizational changes as it continues to integrate its store and digital operations and leadership, according to a memo obtained by CNBC that was...Retailread more
Target CEO Brian Cornell is making the right decisions, CNBC's Jim Cramer said Wednesday, a day after the retailer announced a $2 billion cost-reduction plan, including thousands of job cuts.
"I like what I'm hearing from Cornell," Cramer said on "Squawk on the Street. " "I thought he was very strong."
The retailer said several thousand jobs would be cut over two years as part of the plan.
The company's stock was down slightly Wednesday morning. (Click here for the latest price.)
"There's 13,000 employees at [Target's] headquarters, which is 12,975 more than what Warren Buffett has at his headquarters," Cramer said, adding that Cornell is leaning toward placing Target stores closer to college campuses. "I've been talking to him about the notion to have Target next to every single university. The first thing you do [upon arrival at a university] ... is go to [the nearest] Target," Cramer said.
Cramer added that Cornell is also taking feedback from everyone he can in order to "get it right." "He is listening to people, and that is not the Target way. I like what I'm hearing from Cornell," he said.
DISCLOSURE: Cramer's charitable trust owned Target stock at the time of this publication.