Health care companies claim they are not threatened by Amazon's potential foray into the space. A recent lawsuit suggests otherwise.Technologyread more
It wasn't supposed to be this way: The 2017 tax cut and aggressive moves toward deregulation were supposed to pull the U.S. economy out of its glacial move higher.Economyread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Slack pursued an unusual direct listing, meaning it did not have banks underwrite the offering.CNBC Disruptor 50read more
President Trump says Iran may not have intentionally downed an unmanned U.S. surveillance drone.Politicsread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social Capital.Technologyread more
The road to the Fed's policy pivot to lower interest rates began in early May, with a tweet from President Trump on trade.Market Insiderread more
See which stocks are posting big moves after the bell on June 20.Market Insiderread more
Chairman Jerry Nadler, D-N.Y., said in a statement that lawyers for the Trump administration blocked Hicks from answering questions 155 times during the Wednesday hearing.Politicsread more
Jim Cramer says "you'll want to keep some powder dry so you can buy into weakness and get some real bargains."Mad Money with Jim Cramerread more
CNBC analysis using Kensho found that Disney, Verizon and Home Depot were some of the best performing Dow stocks in declining-rate environments.Investingread more
The $1 billion that Wells Fargo must pay to settle lending abuses is not high enough, securities attorney Andrew Stoltmann told CNBC on Friday.
The Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency announced the settlement on Friday.
The CFPB said Friday the violations were connected with how Wells Fargo administered a mandatory insurance program in its auto loan business and how it charged certain borrowers for mortgage interest rate lock products.
Stoltmann said the fine is about 2 to 2.5 percent of the firm's net income from last year.
"The executives and the board of directors were responsible for this, and I don't think the actual fine fits the crime. And make no mistake about it, it is a crime," he said on "Closing Bell. "
In fact, he thinks some executives should face prison time.
"To the extent you don't have senior executives going to prison, I think you are going to continue to see these sorts of abuses going forward," said Stoltmann, an investor advocate.
Wells has agreed to pay back the customers and make changes to its risk and compliance practices.
In a statement, CEO Tim Sloan said, "While we have more work to do, these orders affirm that we share the same priorities with our regulators and that we are committed to working with them as we deliver our commitments with focus, accountability, and transparency."
When asked for a comment regarding Stoltmann's remarks, a Wells spokesperson referred back to Sloan's statement.
Chris Whalen, chairman of Whalen Global Advisors, said Wells Fargo made mistakes but he thinks the company is going to address it.
In fact, he says the Federal Reserve is ultimately responsible because it "slammed" Wachovia into Wells Fargo to avoid another bankruptcy. Wells bought the troubled Wachovia for about $15 billion in 2008.
However, he says, that doesn't mean Wells executives are without blame. He agrees that in some cases, some executives should go to prison.
"The officers and directors are responsible, and when they are sloppy and stupid and they do bad things they should be punished," Whalen said on "Closing Bell."
He believes the worst is now over for investors, he says.
Shares of Wells closed Friday up 1.9 percent.
— CNBC's Liz Moyer contributed to this report.