The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
The latest figures on retail sales don't necessarily paint a complete picture of what's happening in the sector, two former CEOs told CNBC on Monday.
U.S. retail sales unexpectedly rose in January, climbing 0.2 percent, according to the Commerce Department. However, data for December was revised down to show retail sales tumbling 1.6 percent instead of the 1.2 percent previously reported.
For Jerry Storch, former CEO of Toys R Us, it illustrates the divergence in the industry. While a number of companies have gone out of business or closed stores, results from big retailers like Walmart, Target, Costco and Amazon have been "superb."
"The gap between the winners and the losers is growing," he said on "The Exchange. "
"If you are winner, you are doing great and we've seen some spectacular numbers where people have made the investment they had to make and they are growing. The losers, they are in big trouble. They are going out of business. They are closing stores. A whole different world," added Storch, who is also a former CEO of Hudson's Bay, the parent company of Lord & Taylor and Saks Fifth Avenue.
While the numbers from the government were down for December, Mastercard SpendingPulse showed growth in the 4 percent range through the holidays, said Steve Sadove, former CEO Saks Fifth Avenue and a senior advisor for Mastercard.
He believes overall retail is "very healthy."
"Look at the earnings that we saw out of the retailers — whether it was the Walmarts, the Targets, from high to low — you saw some pretty healthy numbers, so I think you have a good consumer right now," he said on "Power Lunch. "
Consumer confidence, as measured by the Conference Board research firm, fell in November and December, as stocks tanked, as well as in January, thanks to uncertainty about the partial government shutdown. However, it rebounded in February.
Storch is also feeling positive.
"The consumer was incredibly strong last year. There's no doubt there's been some weakening but she's still there and she's still shopping," he said.
— CNBC's Stefanie Kratter and Reuters contributed to this report.