Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination.World Politicsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
Prominent Wall Street analyst Dick Bove speculated that Warren Buffett, the largest shareholder in Wells Fargo, may be rethinking his position in the beleaguered bank.
The Rafferty Capital analyst believes it was no coincidence that while Wells Fargo CEO John Stumpf was getting grilled in front of the Senate Banking Committee, it was announced Buffett's investing deputy Todd Combs was joining the JPMorgan board.
"During these hearings it was published that Warren Buffett is placing one of his key lieutenants on the Board on JPMorgan even though his companies do not own stock in that bank. He is clearly walking away from Wells Fargo, " Bove wrote in a note published just after the hearing ended.
Berkshire did not respond to CNBC for a comment on Combs' addition to JPMorgan's board. The firm owns 9.5 percent of Wells Fargo's outstanding shares, according to FactSet, a mighty large position to unload and an uncharacteristic move for an investor like Buffett, whose favorite holding period is "forever."
Here's why else investors should fade the rise in Wells Fargo shares Tuesday, according to Bove: