In a series of tweets, the president addressed an unusual controversy stemming from a speech Thursday that New York Fed President John Williams delivered.Marketsread more
Four members of the House Armed Services Committee, including ranking member Mac Thornberry, R-T.X., said moving forward with the contract was critical to U.S. national...Technologyread 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
Walmart is making further organizational changes to further integrate its store and digital operations and leadership, according to a memo obtained by CNBC that was sent by...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
"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
Gold has been on fire this year and some investors think it is poised to do something it has only done twice since World War II.Marketsread more
The University of Michigan's preliminary print on its consumer sentiment index ticked up to 98.4, from 98.2 in June. Economists polled by Refinitiv expected the preliminary...Economyread more
The mega-cap tech stocks that have led much of the record-long bull run have started to lose steam, but investors are still giving them the benefit of the doubt.Marketsread more
Houston, we have liftoff. Fifty years ago, man landed on the moon and McDonald's and a handful of other stocks took off into the stratosphere. Two of them have more fuel in...Trading Nationread more
The Federal Reserve rejected Wells Fargo's plan to prevent more consumer abuses by the embattled bank, adding it needs stronger checks on the company's management, Reuters reported citing three people with knowledge on the matter.
According to the report, the Fed thinks Wells Fargo needs to implement measures to significantly improve risk management and governance controls. Earlier this year, CEO Tim Sloan said Wells was "on the fast track" to meet the Fed's conditions.
Shares of Wells Fargo fell 1.3 percent following the news.
The report said Wells sent its original plan to the Fed in April with the expectation the central bank would approve it over the summer. Instead, the Fed denied Wells' proposal.
Wells Fargo has been struggling to recover from a scandal two years ago in which it was discovered that thousands of employees opened multiple accounts in their names without their consent. Over the past two years, the stock is down more than 6 percent while the S&P 500 is up 22 percent in that time period.
In a statement, Wells Fargo said the company is "in frequent and consistent dialogue with our regulators, including discussions regarding consent orders, and we work diligently to address feedback provided. This is an ongoing, iterative process."