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CNBC, citing anonymous sources, reported Thursday that the CBS board is "deep in talks" with the chief executive that would result in him leaving the company.
Moonves has also told some confidants about the exit talks, a friend who spoke with him about it told CNN. READ MORE
The payroll processing firm ADP says 163,000 people were added to private sector payrolls in August. The estimate was for 190,000. July payrolls were revised lower by 2,000 to 217,000. READ MORE
More FacebookOpens a New Window. users are taking a breather and reshaping the way they use the platform, as the social media Opens a New Window.company faces intense scrutiny over privacy and other issues. Could this spell trouble for businesses who want to build a reputable brand? READ MORE
Investors shouldn't waste time worrying about the trade war.
So says Darius Dale, managing director at Hedgeye Risk Management.
"The only thing that the markets really care about is the rate of change in things like growth, inflation and profits," he told CNN's Paula Newton on "Markets Now" on Wednesday. READ MORE
Barnes & Noble, already reeling from the messy departure of its chief executive, said on Thursday that sales fell 6.9% last quarter.
Losses also widened, and profit dropped. That led to a sharp sell-off in Barnes & Noble stock before the opening bell. READ MORE
Consumer spending is back and has never been better as far as Target CEO Brian Cornell is concerned.
"There's no doubt that, like others, we're currently benefiting from a very strong consumer environment — perhaps the strongest I've seen in my career," Cornell told analysts on a call Wednesday. READ MORE
Ask anyone what matters most when it comes to investing their money. Chances are trust, and maybe a bit of hope, will be the top answer. So it makes sense that gaining consumer trust is a key focus for personal financial companies—and it starts by being involved in the community in which they serve. READ MORE
In a landmark case, a 36-year-old small-town attorney from Orange, Virginia, defeated agrochemical giant Monsanto in court after the seed and weed-killer maker was found guilty and ordered to pay $289 million to a groundskeeper for failing to warn him that Roundup might cause cancer. READ MORE
Tan Kabra, the founder and CEO of LaunchByte, a four-year old accelerator and venture capital firm that coined the phrase, “reverse-angel,” says he has seen it all, from the good, the bad and the ugly when it comes to startups. READ MORE
Tesla CEO Elon Musk raised more eyebrows over the weekend after tweeting sleep is not an option, on the heels of an interview with The New York Times where he detailed a multitude of personal challenges he is facing at the helm of the company. READ MORE
U.S. President Donald Trump asked securities regulators to explore replacing quarterly reporting requirements with half-yearly filings at the urging of executives including PepsiCo Chief Executive Indra Nooyi, reigniting a debate about how often companies should give financial updates to investors. READ MORE
Silicon Valley may be home to a host of tech entrepreneurs, but younger Americans are increasingly looking to start up their businesses in other parts of the country. READ MORE
Bolstered by a strong economy, small-business confidence is continuing to climb to record levels, even in the face of a potential trade war and an increasingly tight job market. In a deregulatory environment, jobs and the economy have become the top issue for small companies, outpacing health care and immigration, according to the latest CNBC|SurveyMonkey Small Business Survey. READ MORE
U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter. READ MORE
Sports Illustrated's owner said Friday that it is hoping to complete its sale of the magazine by the end of December.
The announcement comes as former University of Louisville and NBA basketball star Junior Bridgeman explores an acquisition of Sports Illustrated, which was recently acquired along with other Time Inc. properties by Iowa-based Meredith Corp. READ MORE
On a mid-July morning, Matt Splitter walked deep into his dryland corn crop on the central Kansas plains and plucked an ear from the stalk.
It’s not a perfect cob. Not all the yellow kernels develop, Splitter said, pointing to the ear tip back. He kicked at the ground between the rows. READ MORE
A growing number of companies are contracting directly with hospitals and providers to take care of their employees, according to an annual survey released Tuesday by the National Business Group on Health, an industry organization focused on large companies. Some 11% said they will do this in 2019, up from 3% this year. READ MORE
The top 25 cities for data science jobs show how widespread the demand for data skills has become, branching out from major tech hubs into cities around the country. READ MORE
Hundreds of people had their homes foreclosed on after software used by Wells Fargo incorrectly denied them mortgage modifications. READ MORE
The company accounts for nearly half of all online retail sales in the United States. It continues expanding its brick-and-mortar retail footprint through Whole Foods, Amazon bookstores and new checkout-free convenience locations. And every new venture, from advertising to cloud computing to, perhaps soon, healthcare, almost invariably becomes a billion-dollar business. READ MORE