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
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
Iran's Revolutionary Guard says it seized a British tanker in the Strait of Hormuz, claiming it failed to follow international marine regulations.World Newsread 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
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
George Nader helped arrange a January 2017 meeting in the Seychelles between Erik Prince and the head of Russia's sovereign wealth fund, who reported directly to Vladimir...Politicsread more
These are the stocks posting the largest moves midday.Market Insiderread more
"I'm not hearing people blame the Fed as much as they're blaming tariffs," says CNBC's Jim Cramer.US Economyread more
Earlier, Williams said in a speech that "it's better to take preventative measures than to wait for disaster to unfold."The Fedread more
Four members of the House Armed Services Committee, including ranking member Rep. Mac Thornberry, R-Texas, said moving forward with the contract was critical to U.S. national...Technologyread more
Hudson's Bay Company disclosed Thursday that it will be cutting around 2,000 positions within North America as part of a major restructuring effort.
The department store operator said this move would help the company save more than C$350 million annually ($259 million). This includes the C$75 million in savings that the company previously announced in February.
Shares of the Canadian company were down about 1 percent after hours on Thursday.
"We know we can do better, and we are taking bold decisive action," Chief Executive Jerry Storch said in a statement.
HBC owns several major department stores, including Hudson's Bay, Saks Fifth
Department stores across North America have felt the brunt of changing consumer habits — in particular, a shift toward online shopping.
"We are reallocating resources to accelerate the opportunity we see online, as we run our brick and mortar operations more efficiently," Richard Baker,
($1 = 1.3501 Canadian dollars)
— Reuters contributed to this report.