CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
The growth in net interest income, a main engine of the industry's profit, looks to slow to a halt in the back half of this year.Banksread more
Amazon also said that on Monday and Tuesday it sold more Amazon devices — like the Echo Dot, the Fire TV Stick and Alexa Voice Remote — over a two-day period than it ever has...Retailread more
The news comes after eBay announced a strategic portfolio review on March 1.The Faber Reportread more
If the S&P 500 climbs another 4%, it will have doubled the peak reached in the previous bull market, Michael Santoli notes.Trading Nationread more
Ascending triangle patterns have been appearing across the stock market, and they tend to be precursors to higher prices, says Miller Tabak's Matt Maley.Trading Nationread more
Netflix reports earnings Wednesday as it loses licensed shows to rivals launching their own streaming services.Technologyread more
Hedge fund manager Kyle Bass reportedly thinks that U.S. interest rates will plummet toward zero in 2020 as the economy heads for recession.Hedge Fundsread more
Shares of beauty and wellness products company Nu Skin tanked on Wednesday after the company said China's crackdown on health products is weighing on sales.Investingread more
Buying stocks when they are this expensive has historically led to lower returns, data compiled by Ned Davis Research shows.Marketsread more
Federal Reserve Chair Janet Yellen will begin work Monday morning as a distinguished fellow at the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution in Washington, D.C., CNBC has learned.
In heading to Brookings, Yellen follows in the steps of former Fed Chairman Ben Bernanke and former vice chairmen Donald Kohn and Alan Blinder, along with former top Fed staffer Nellie Liang.
Yellen, 71, spent nearly 17 years in the Federal Reserve system: four as chair, four as vice chair, three as a Fed governor and six as San Francisco Fed president.
Her term ends this weekend and Jerome Powell is to be sworn in Monday as chairman of the Federal Reserve Board of Governors.
"Chair Yellen has performed a great service to her country — the economy and the American people were in good hands with her at the helm of our central bank," Brookings President John Allen said in a statement. "Yellen will continue that service through her research and activities at Brookings, and I'm proud to welcome her to the Brookings community."
The Hutchins Center seeks to "improve the quality and efficacy of fiscal and monetary policies and public understanding of them," according to the Brookings website.
"I'm delighted to be joining the Brookings Institution. I look forward to continuing to study the economy, especially issues related to the labor market, and contributing to public policy debates on a range of economic issues," Yellen said in a release from Brookings.