The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
His case for gold comes as central banks get more aggressive with policies that devalue currencies and are about to cause a "paradigm shift" in investing.Marketsread more
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
Here's how Amazon sells ads, and why it has a natural edge over Google and Facebook in some areas.Technologyread more
Netflix reports earnings Wednesday as it loses licensed shows to rivals launching their own streaming services.Technologyread more
Federal Judge William Pauley wrote in a court filing made public Wednesday that materials related to Cohen's campaign-finance probe should be unsealed — and denied a request...Politicsread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
Facebook's head of Calibra David Marcus is grilled during a House Financial Services Committee hearing over the company's digital currency plans.Technologyread more
Gov. Phil Murphy of New Jersey announced a lawsuit against the IRS and Treasury Secretary Steven Mnuchin, responding to new, final rules from the IRS that would largely block...Personal Financeread more
Renault's top executive has written a letter to Nissan urging a shareholder meeting, The Wall Street Journal reported on Sunday, citing the arrest of Carlos Ghosn in Tokyo last month as a "significant risk" to the car makers' partnership.
Ghosn was apprehended in November on suspicions of under reporting income and misusing company funds. The Journal obtained a letter dated Friday from Thierry Bollore, deputy CEO of French automaker Renault. In the letter, he pressed his counterpart, Nissan CEO Hiroto Saikawa, to call a shareholder meeting "as promptly as practicable."
Renault owns at least 40 percent of Nissan, which is scheduled to have a board meeting on Monday, The Journal reported. The French company wants a discussion about Renault's representation within Nissan's top ranks, the report said.
Ghosh's "indictment creates significant risks to Renault, as Nissan's largest shareholder, and to the stability of our industrial alliance," Bollore wrote in the letter, according to The Journal. "We believe a shareholder forum would be the best manner of addressing these matters in an open and transparent fashion."
In response to an inquiry from CNBC, a spokesperson for Nissan said the company "has communicated actively and transparently with Renault regarding this matter, and will continue to do so. We remain steadfast in our commitment to the Alliance." He declined to comment further on the specifics of the discussions between Nissan and Renault.
The arrest of auto industry titan was believed by some to be a palace coup designed to remove him from power at Japanese automaker Nissan, just one of the companies Ghosn had a hand in running. However, some analysts say Ghosn's woes could also spell trouble for Saikawa.
Morningstar analyst Richard Hilgert told CNBC last week he thinks investor confidence in Nissan's management has been compromised by both the Ghosn scandal, as well as other lingering problems.
Ghosn is considered the mastermind behind the alliance between French automaker Renault and Japanese manufacturers Nissan and Mitsubishi. Renault saved Nissan from the brink of bankruptcy in 1999, and took a 40 percent stake in the company.
--CNBC's Robert Ferris contributed to this article.