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Macy's shares fall on sales miss, retailer slashes outlook


Created: Thu, 21 Nov 2019 11:49 GMT

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Macy's reports its first same-store sales decline in two years, casting blame on warmer weather and weak traffic at some shopping malls.

Read more: Macy's shares fall on sales miss, retailer slashes outlook


The RealReal's 'Faux and Tell' reports disclose fake items published on the site and returned


Created: Thu, 21 Nov 2019 11:31 GMT

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CNBC obtained internal documents from The RealReal, called "Faux and Tell," that show the luxury consignment company missed fakes.

Read more: The RealReal's 'Faux and Tell' reports disclose fake items published on the site and returned


British Airways flights around the world are being delayed due to a 'technical issue'


Created: Thu, 21 Nov 2019 10:52 GMT

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The U.K. flag carrier has sufffered a series of operational setbacks in recent months.

Read more: British Airways flights around the world are being delayed due to a 'technical issue'


Charles Schwab is in talks to buy TD Ameritrade, source says


Created: Thu, 21 Nov 2019 10:38 GMT

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A deal between Schwab and TD Ameritrade would consolidate an industry going through massive disruption.

Read more: Charles Schwab is in talks to buy TD Ameritrade, source says


Trump signing Hong Kong bill will worsen US-China relationship, former ambassador to China says


Created: Thu, 21 Nov 2019 04:28 GMT

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It will also cause more uncertainty regarding a potential trade deal, says Max Baucus, who is also a former Democratic senator from Montana.

Read more: Trump signing Hong Kong bill will worsen US-China relationship, former ambassador to China says


Everything Jim Cramer said on 'Mad Money,' including retail earnings, Okta and Tableau Software CEOs


Created: Thu, 21 Nov 2019 00:28 GMT

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CNBC's Jim Cramer breaks down the strengths and weakness behind the earnings reports in Home Depot, Lowe's, Kohl's and Target. The "Mad Money" host sits down with the CEOs of Okta and Tableau to get insight into the impact of technology on businesses.

Read more: Everything Jim Cramer said on 'Mad Money,' including retail earnings, Okta and Tableau Software CEOs


Cramer's lightning round: I do believe that AT&T is a good stock


Created: Wed, 20 Nov 2019 23:45 GMT

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"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

Read more: Cramer's lightning round: I do believe that AT&T is a good stock


Retailers such as Kohl's 'in trouble' without better digital presence or bargains, Cramer says


Created: Wed, 20 Nov 2019 23:35 GMT

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"Wait for the next round of tariff hikes or nasty trade rhetoric ... to knock down the whole group, and then buy the retail winners," Jim Cramer says.

Read more: Retailers such as Kohl's 'in trouble' without better digital presence or bargains, Cramer says


Digital was key difference in rivals Home Depot, Lowe's quarterly reports, Jim Cramer says


Created: Wed, 20 Nov 2019 23:09 GMT

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"These days, people expect everything to be frictionless. The moment they hit any kind of problem, any speed bump, they just take their business elsewhere," the "Mad Money" host says.

Read more: Digital was key difference in rivals Home Depot, Lowe's quarterly reports, Jim Cramer says


Shares of Victoria's Secret parent L Brands jump on fourth-quarter forecast, in-line profits


Created: Wed, 20 Nov 2019 21:38 GMT

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L Brands turned in mixed third-quarter results Wednesday as declining sales at Victoria's Secret have continued to weigh on its performance.

Read more: Shares of Victoria's Secret parent L Brands jump on fourth-quarter forecast, in-line profits


Target soars 14% on earnings—Jim Cramer and other pros on what to watch now


Created: Wed, 20 Nov 2019 21:37 GMT

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Target's earnings beat pushed the stock to new heights Wednesday, and industry leaders say it's a sign of underlying strength in the U.S. economy.

Read more: Target soars 14% on earnings—Jim Cramer and other pros on what to watch now


UAW board acts to remove union president Gary Jones from office amid corruption probe


Created: Wed, 20 Nov 2019 21:20 GMT

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Jones took a leave of absence on Nov. 3, after being implicated in a federal investigation into corruption in the UAW. Jones has not been charged.

Read more: UAW board acts to remove union president Gary Jones from office amid corruption probe


A Burger King franchisee made a discounting error that cost it millions


Created: Wed, 20 Nov 2019 21:13 GMT

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Burger King's largest U.S. franchisee made a "one-time" discounting error over the summer that cost it millions.

Read more: A Burger King franchisee made a discounting error that cost it millions


L Brands CEO Les Wexner's future may be at stake as Epstein ties, falling stock haunt company


Created: Wed, 20 Nov 2019 20:29 GMT

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Unlike other powerful associates of Jeffrey Epstein, who died this year, Wexner has yet to face consequences for his relationship with the sex offender.

Read more: L Brands CEO Les Wexner's future may be at stake as Epstein ties, falling stock haunt company


'Frozen II' poised to be Disney's 6th billion-dollar film of 2019


Created: Wed, 20 Nov 2019 19:49 GMT

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Disney has continued to break records at the box office this year — and it's about to set a new one with "Frozen II."

Read more: 'Frozen II' poised to be Disney's 6th billion-dollar film of 2019


Trump to meet with vaping industry, public health advocates as he mulls flavored e-cigarette ban


Created: Wed, 20 Nov 2019 19:42 GMT

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Trump will meet with the vaping industry and public health advocates Friday as he weighs a ban on flavored e-cigarettes, the White House said.

Read more: Trump to meet with vaping industry, public health advocates as he mulls flavored e-cigarette ban


Mercedes-Benz US chief says word of mouth the best way to sell electric vehicles


Created: Wed, 20 Nov 2019 19:26 GMT

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"I think it's being able to provide great cars that people like, not because they're electric but because they're great cars and they happen to be electric," Nicholas Speeks says.

Read more: Mercedes-Benz US chief says word of mouth the best way to sell electric vehicles


Black Friday could bring relief for beaten-up retailers like Home Depot, market history shows


Created: Wed, 20 Nov 2019 19:23 GMT

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Target and Walmart look strong, but other retailers have been hit hard after weak earnings. Black Friday could bring short-term market relief for stocks, including Home Depot. Over the past five years, the retail group has climbed ahead of the event.

Read more: Black Friday could bring relief for beaten-up retailers like Home Depot, market history shows


Charles Barkley told a reporter 'I don't hit women but if I did I would hit you' — then apologized


Created: Wed, 20 Nov 2019 19:13 GMT

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Axios reporter Alexi McCammond said she immediately objected to the comments, and that Barkley told her she "couldn't take a joke."

Read more: Charles Barkley told a reporter 'I don't hit women but if I did I would hit you' — then apologized


How Target became the retail trade of the year, with the stock up nearly 90%


Created: Wed, 20 Nov 2019 18:23 GMT

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Target's stock has topped even the strong performances of Walmart and TJX Companies.

Read more: How Target became the retail trade of the year, with the stock up nearly 90%


Prince Andrew withdraws from public duties over Jeffrey Epstein scandal


Created: Wed, 20 Nov 2019 18:13 GMT

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Jeffrey Epstein, who died in August in jail while awaiting trial on federal child sex trafficking charges, was also a former friend of Presidents Donald Trump and Bill Clinton.

Read more: Prince Andrew withdraws from public duties over Jeffrey Epstein scandal


GM sues Fiat Chrysler alleging bribery scheme in union negotiations


Created: Wed, 20 Nov 2019 17:39 GMT

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General Motors filed a federal racketeering lawsuit against Fiat Chrysler and its former executives on Wednesday, accusing the automaker of bribing United Auto Workers officials to receive more favorable terms in labor negotiations.

Read more: GM sues Fiat Chrysler alleging bribery scheme in union negotiations


House committee approves landmark bill legalizing marijuana at the federal level


Created: Wed, 20 Nov 2019 17:27 GMT

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The legislation removes marijuana from schedule 1 of the Controlled Substances Act.

Read more: House committee approves landmark bill legalizing marijuana at the federal level


Tobacco stocks rise as FDA delays plan to cut nicotine levels in cigarettes


Created: Wed, 20 Nov 2019 17:08 GMT

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Tobacco stocks rose Wednesday as the Food and Drug Administration delays its plan to cut nicotine levels in cigarettes to minimally or non-addictive levels.

Read more: Tobacco stocks rise as FDA delays plan to cut nicotine levels in cigarettes


Todd Phillips in talks with Warner Bros. for 'Joker' sequel


Created: Wed, 20 Nov 2019 16:58 GMT

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According to a report from The Hollywood Reporter, Phillips is currently in talks with the studio to direct a second "Joker" film, with Joaquin Phoenix back to star.

Read more: Todd Phillips in talks with Warner Bros. for 'Joker' sequel


Target's apparel sales are on fire. And that's bad news for everyone else


Created: Wed, 20 Nov 2019 16:51 GMT

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While Walmart is finding strength in grocery, Target is finding it in apparel.

Read more: Target's apparel sales are on fire. And that's bad news for everyone else


Amazon and Tesla are among Morgan Stanley's top 'secular growth' ideas


Created: Wed, 20 Nov 2019 16:46 GMT

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Morgan Stanley expects these companies will have strong annual growth for earnings or revenue over the next three years.

Read more: Amazon and Tesla are among Morgan Stanley's top 'secular growth' ideas


Senators grill Trump's FDA commissioner nominee on teen vaping epidemic


Created: Wed, 20 Nov 2019 16:26 GMT

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Stephen Hahn, President Trump's nominee to run the FDA, is pressed at his confirmation hearing how he would tackle the teen vaping epidemic.

Read more: Senators grill Trump's FDA commissioner nominee on teen vaping epidemic


Walmart CEO: We've seen 'a little' customer blow-back over our stricter gun and ammo policies


Created: Wed, 20 Nov 2019 16:25 GMT

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Walmart's Doug McMillon, who says he grew up around guns and still owns them, believes he can see "all sides of this issue," though it's ultimately about safety.

Read more: Walmart CEO: We've seen 'a little' customer blow-back over our stricter gun and ammo policies


Jussie Smollett: Chicago prosecution was malicious


Created: Wed, 20 Nov 2019 16:01 GMT

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Smollett's lawyers say his $10,000 payment after the close of a criminal case should prevent Chicago from seeking reimbursement for a police investigation of his claim that he was a victim of a racist and homophobic attack.

Read more: Jussie Smollett: Chicago prosecution was malicious

 
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