Excerpts of Hillary Clinton’s remarks during paid speeches to Goldman Sachs, Deutsche Bank, Morgan Stanley, and other groups were leaked online Friday afternoon by WikiLeaks. Clinton, who was paid upwards of $225,000 per speech, earned more than $22 million on the paid speaking circuit after resigning as secretary of state. The excerpts are revealed in […]
Snap Inc. CEO Evan Spiegel AP Photo/Jae C. Hong Snap Inc., the company formerly known as Snapchat, is working on an initial public offering for March that would value the company at $25 billion, according to The Wall Street Journal. A source familiar with the matter confirmed the company’s IPO ambitions, but told Business Insider […]
In Austin, Texas, Randalls slashed prices for boneless beef ribs by 40 percent, to $3.99 a pound. Not to be outdone, the H-E-B grocer down the street charged $1 a pound less. Not long ago, Albertsons advertised a deal you don’t normally see on your finer cuts of meat: “buy 1 get 1 free” specials […]
Consumer confidence rose in September to its highest level since August 2007 — before the Great Recession. The data, released Tuesday by the Conference Board, a business association, helps dismiss arguments that the uncertainty of the election is weighing down Americans’ perception of the economy, said Paul Ashworth, chief U.S. economist at Capital Economics, a […]
No doubt about it, it’s a rough ride in retail right now. With the rise in online shopping, discount shopping becoming the norm and the middle class shrinking, brick-and-mortar retail is doing quite a bit of downsizing. In fact, there are about 2,500 store closings in the works across the U.S. Aéropostale, the teen clothing retailer has announced […]
Nearly a dozen current and former employees at large and regional banks such as Bank of America (BAC), Citizens Bank, PNC (PNC), SunTrust (STI), and Fifth Third (FITB) tell CNNMoney that a sales obsession pervades their banks. They say they too are under immense pressure to get customers to open multiple accounts. They described a […]
To clinch a deal, Germany’s Bayer pumped even more money into its bid for the U.S. seed giant, valuing it at $66 billion, including debt. It’s the third time Bayer (BAYRY) has cranked up its offer, and this time it was enough to win the backing of Monsanto’s board. The takeover would create a vast […]
CNBC’s Phil LeBeau reports on problems at Tesla and now SpaceX, after a rocket launch failed in spectacular fashion today. One of his rockets blew up, and he suffered a paper loss of about $390 million as the stock prices of two of his companies sank. Elon Musk was having a horrible day. No one […]
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