Goldman: Buybacks and dividends all that's left in S&P 500
The $1 trillion that U.S. companies are on track to return to shareholders this year will constitute the market’s entire return in 2015, according to Goldman Sachs.
Goldman: Buybacks and dividends all that's left in S&P 500
The 5 US states where China invests the most
A new report shows more than 80,000 Americans are employed by Chinese companies, up from 15,000 five years ago. Here’s where those jobs are.
Chinese solar maker plunges, losing nearly $19 billion in 24 minutes
The decline of Hanergy Thin Film Solar Group Ltd. was as spectacular and inexplicable as its ascent. Just 24 minutes of Hong Kong trading erased $18.6 billion of market value and wiped out almost four months of gains that made it more valuable than Sony Corp. of Japan. The maker of solar equipment controlled by Li Hejun suspended trading after the stock plummeted 47 percent in the morning.
Five global banks to pay $5.7 billion in fines over rate rigging
Five of the world’s largest banks, including JPMorgan Chase & Co and Citigroup Inc, were fined roughly $5.7 billion, and four of them pleaded guilty to U.S. criminal charges over manipulation of foreign exchange rates, authorities said on Wednesday. A fifth bank, UBS AG, will plead guilty to rigging benchmark interest rates, the U.S. Justice Department said. U.S. banks JPMorgan Chase and Citigroup will pay $550 million and $925 million
What if data Fed is watching is not 'dependable'?
This afternoon, the minutes from the Fed’s April meeting will be released. Will policy makers be shown downplaying weak first-quarter growth?
The biggest problem Obamacare didn’t fix
Like workers who are underemployed—holding a job but for less pay or fewer hours than they’d like—the plight of the underinsured is often overlooked by policymakers, employers and public health advocates;
Wal-Mart eyes Amazon in potentially costly e-commerce battle
Wal-Mart Stores Inc said that it would take a different approach to online growth than Amazon.com Inc by using its large network of stores as distribution points. Wal-Mart’s sluggish quarterly results that were released on Tuesday highlighted the importance of growing its online business.
Larry Summers: Growth yes, but 'not inspiring'
Former Treasury Secretary Larry Summers tells CNBC he expects the economy to expand at a quicker pace than in the first quarter, but there are challenges.
Target profit rises as product revamps start to pay off
Target is reporting a 52 percent increase in its first-quarter profit on solid sales of fashion and baby items, offering evidence that its efforts to spruce up its merchandise are paying off. The retailer, …
One place in the U.S. where gas is still expensive
Gasoline is below $3 a gallon in all U.S. regions but one: the West Coast. While oil’s recent rebound boosted pump prices everywhere, California, which consumes more gasoline than New York and Florida combined, saw the biggest surge. Los Angeles drivers are paying over $4 a gallon, making it the most expensive place in the country to buy fuel.