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Wells Fargo reached a settlement Friday for a massive fake account scandal, in which it admitted to guilt and agreed to pay $3 billion to the Justice Department and Securities and Exchange Commission. Conway G. Gittens details the official announcem
U.S. stocks tumbled on Friday after a spike in the number of coronavirus cases and new data that suggested the outbreak is harming the U.S. economy. Conway G. Gittens has the market recap.
Key events to watch next week include low bond yields and how much further they fall as coronavirus fears rise, holiday-quarter sales from Home Depot and Macy's, as well as the final read on fourth-quarter GDP. Conway G. Gittens has the look ahead.
Mercadien Asset Management president Ken Kamen says investors should pare back on holdings of growth stocks, especially tech, due to high valuations and exposure to the coronavirus outbreak.
A Stanford study found that Philip Morris' marketing of its IQOS tobacco device continues to stray substantially from its corporate standards on youth-oriented marketing.
British entrepreneur Richard Branson heralded his first cruise ship "Scarlet Lady" on Friday as targeting a younger generation of holidaymakers with a range of attractions that he believes will outweigh any fears around coronavirus.
Airlines in the Asia-Pacific region stand to lose $27.8 billion of revenue this year as they slash flights due to declining demand as a result of the coronavirus, according to a preliminary estimate from an industry body. Ciara Lee reports
A new Baby Yoda doll, based on The Child character from the Disney+ series 'The Mandalorian,' proved more than ready for its closeup at a New York press event Thursday. Lisa Bernhard has more.
The tech-heavy Nasdaq snapped a three-day winning streak Thursday as stocks fell on worries the coronavirus outbreak is not under control and threatens global economic growth. Conway G. Gittens has the market action.
ViacomCBS posted a loss in its first quarterly report since the two companies merged late last year. As Fred Katayama reports, adjusted earnings dropped and widely missed analysts' estimates.
When shopping for stocks, investors should consider a company’s focus on customer satisfaction, says Bain & Co.'s Rob Markey. His research found that loyal customers buy more and stay longer, boosting revenue growth and shareholder returns.
Leslie Wexner, the man who transformed Victoria's Secret into a global powerhouse only to see his star dimmed by falling sales and his association with disgraced financier Jeffrey Epstein, is stepping down as the unit of L Brands gets a new majority shareholder. Conway G. Gittens has the details.
Morgan Stanley is buying discount brokerage E*Trade Financial for $13 billion in an all-stock deal. As Fred Katayama reports, it's the biggest acquisition by a Wall Street bank since the financial crisis.
Alphabet Inc-owned Google's $2.1 billion bid for fitness trackers company Fitbit could pose privacy risks, the European Data Protection Board warned on Thursday. Ciara Lee reports
Michael Joseph, CEO of East Africa's most profitable company Safaricom, says the telecoms operator will consider Huawei as a vendor for its 5G network despite U.S. pressure elsewhere against using the Chinese company.
Britain's biggest domestic lender Lloyds Banking Group reported a 26% drop in annual profit on Thursday, hit by increasing bad debts and billions of pounds of customer compensation. Julian Satterthwaite reports
China has cut rates to help an economy hit by the coronavirus outbreak, but with growth forecast to slump many investors bet there's more stimulus to come.
The S&P 500 and Nasdaq notched more record closing highs amid a Wall Street upswing ahead of anticipated Chinese stimulus to limit the economic fallout from the coronavirus outbreak. Conway G. Gittens has the details.