The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Wells Fargo's annual shareholders' meeting turned rowdy Tuesday as at least four audience members loudly protested the company's sales practices, one of whom interrupted a nun.
Despite the tumult, shareholders re-elected all 12 board members.
Earlier in the day, one shareholder demanded that board members explain what they knew about the bank's fake account scandal and when they knew it.
Another ripped into the board for not taking action sooner as its employees created more than 2 million accounts for customers without their knowledge. More than 5,000 employees were fired including several top executives who were forced to give back salary.
"You did it that way and you allowed it to continue for years!" one man shouted.
Three protesting shareholders were removed by security.
Another speaker, Sister Nora Nash, director of corporate responsibility for the Sisters of St. Francis of Philadelphia, also was critical of the board. She said the board "failed to set the tone and the culture" that it should have. She was interrupted briefly by one of the protesters.
LISTEN: Shareholders tear into the board
The scandal arose from a practice known as cross-selling in which employees tried to enroll customers in as many programs as possible. Aggressive sales goals since have been rolled back by the bank, which has apologized repeatedly for the problems and the way they were handled.
However, audience members ripped the bank, with one motion during the meeting, which was held in Ponte Vedra Beach, Florida, asking that Wells Fargo be broken up.
"One of the key arguments for reducing the size of Wells Fargo ... is that the bank is too big to manage," said Rachel Curley of Ralph Nader's consumer advocate group Public Citizen. "The massive cross-selling fraud attests to this problem."
The board repeatedly from shareholders who want the board replaced.
"The Wells Fargo board has suffered under mushroom management. Like mushrooms, the board has been kept in the dark and fed horse manure," said Brandon Rees, deputy director of the office of investment for the AFL-CIO, a major investor in the bank. "In my opinion, the board needs to refresh itself with new directors, new blood."
for the latest on the markets.