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Elizabeth Warren calls on the Fed to demand Wells Fargo fire CEO Tim Sloan

CNBC Business - Thu, 10/18/2018 - 14:00
Sen. Elizabeth Warren on Thursday sent a letter to Federal Reserve Chairman Jerome Powell calling on the Fed to maintain its growth cap on Wells Fargo until the bank replaces CEO Tim Sloan. 

US economy showing momentum as leading indicators rise for 12th straight month in September

CNBC Business - Thu, 10/18/2018 - 14:00
The Conference Board's Leading Economic Index for the U.S. increased by 0.5 percent last month, in line with what economists polled by Refinitiv expected.

These are the tech start-ups worth billions that are expected to go public next year

CNBC Business - Thu, 10/18/2018 - 13:55
Uber, Lyft and Slack are among the tech companies expected to go public next year.

Goldman Sachs sees a correction coming for chipmakers but still likes Nvidia

CNBC Business - Thu, 10/18/2018 - 13:43
Goldman Sachs warned clients to only buy chipmaker stocks with standalone value, as the firm sees a downturn coming to the semiconductor sector.

Jamal Khashoggi warned of Arab governments 'silencing the media' in final Washington Post column

CNBC Business - Thu, 10/18/2018 - 13:38
The missing Saudi journalist wrote that actions against a free press in these countries "no longer carry the consequence of a backlash from the international community. Instead, these actions may trigger condemnation quickly followed by silence."

Wall Street slips at open on hawkish Fed, weak industrial earnings

Reuters Business News - Thu, 10/18/2018 - 13:34
U.S. stocks opened lower on Thursday as some industrials reported disappointing results, while the Federal Reserve's minutes showed officials broadly agreed on raising interest rates further, fanning concerns that contributed to last week's sharp selloff.

Activist hedge fund manager Loeb goes after Campbell Soup in video — 'Mmm, Mmm, Bad'

CNBC Business - Thu, 10/18/2018 - 13:25
Daniel Loeb's Third Point is going after the board of Campbell Soup in a four-minute video aimed at persuading shareholders to take his side in a fight for control.

These are the cities where college graduates are in demand

CNBC Business - Thu, 10/18/2018 - 13:18
Nearly 90 percent of cities hold more people with a bachelor's degree than jobs requiring that education.

Futures drop on hawkish Fed, disappointing industrial earnings

Reuters Business News - Thu, 10/18/2018 - 13:15
U.S. stock futures fell on Thursday, as some industrials reported disappointing results, while the Federal Reserve's minutes showed officials broadly agreed on raising interest rates further, fanning concerns that contributed to last week's brutal selloff.

Richard Branson told this lie at work for years — and didn't come clean until his 50s

CNBC Business - Thu, 10/18/2018 - 13:15
He didn't understand two core business terms. 

Philip Morris quarterly results top estimates

Reuters Business News - Thu, 10/18/2018 - 13:00
Philip Morris International , maker of Marlboro cigarettes among others, reported higher than expected quarterly sales and profit on Thursday, helped by its IQOS tobacco-heating device.

The easy trick that could save you $100 on your holiday flights — plus the best days to book

CNBC Business - Thu, 10/18/2018 - 13:00
It's time to book Thanksgiving and Christmas flights, according to Priceline. Here's when and how to save money.

Sleek, disaster-proof homes made out of shipping containers are the newest rage

CNBC Business - Thu, 10/18/2018 - 13:00
Homeowners in hurricane- and tornado-prone areas now have an alternative to brick and wood to keep their families safe: shipping containers. The steel construction exceeds U.S. structural code and stands up to severe conditions in seismic zones.

Dieting is out. That poses a problem for Weight Watchers as it renames itself WW

CNBC Business - Thu, 10/18/2018 - 13:00
Weight Watchers had weathered threats over the decades from the likes of Jenny Craig, Nutrisystem and fad diets like Atkins. But its biggest competition in recent years hasn't been from any of its rivals. Consumers don't want to diet any more.

The Fed will ultimately push the US into recession, strategist says

CNBC Business - Thu, 10/18/2018 - 12:59
The Fed has signaled it could raise rates 3.5 percent by 2020.

Starbucks to license out certain EMEA stores to Mexico's Alsea

Reuters Business News - Thu, 10/18/2018 - 12:58
Starbucks Corp said on Thursday it would license out its operations in France, Netherlands, Belgium and Luxembourg to long-standing partner Mexico's Alsea SAB .

Macau billionaire revives dormant theme park project, without theme park

Reuters Business News - Thu, 10/18/2018 - 12:55
The son of billionaire Macau casino magnate Stanley Ho on Thursday announced the revival of an entertainment project left dormant for eight years, as authorities move to seize idle land in the world's largest gambling hub.

Primark sharpens ethical focus in bid for German customers

Reuters Business News - Thu, 10/18/2018 - 12:53
Primark, the fashion chain owned by Associated British Foods , has emphasized its commitment to environmental standards and safer working conditions as it fights for market share in discount-loving Germany and other countries.

Bank of America downgrades homebuilder stocks as Wall Street grows increasingly bearish on housing

CNBC Business - Thu, 10/18/2018 - 12:53
Bank of America Merrill Lynch downgrades homebuilder stocks Toll Brothers, PulteGroup and NVR and lowers its homebuilding estimates for 2018 and 2019.

Workers would pay to have a boss with these 10 traits, new research finds

CNBC Business - Thu, 10/18/2018 - 12:45
These traits are 'must-haves' for successful leaders.  

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