The U.S. manufacturing sector is booming — adding 350,000 jobs since President Donald Trump took office in January 2017. But while a strong economy is helping to bolster the industry, it's also being crunched by an increasingly tight labor market, leaving companies in short supply of workers they desperately need to meet capacity. READ MORE
The two-year Wells Fargo horror story just won't end
What sounded at first like a run-of-the-mill bank settlement — a $185 million payment to atone for "sales practices" — has morphed into a cascade of scandals that has rocked one of America's most storied banks to its core. READ MORE
“THANK F--KING GOD THEY DIDN’T SELL TO PECKER”: MEREDITH’S SALE OF TIME INC.’S CROWN JEWELS IS DRAGGING ON
In the spring, after Meredith Corporation put four of its newly acquired magazines up for sale—Time, Fortune, Money, and Sports Illustrated—there was talk of buyers being locked down by the end of June. The hope was for a speedy resolution in delivering these legendary publications to their next stewards, whoever those may be. While these four were seen as the crown jewels of Time Inc., which Meredith bought in early 2018 following a years-long pursuit, it was Time Inc.’s softer commodities—InStyle, Real Simple, etc.—that Meredith was salivating over. Meredith’s main priority was to integrate the rest of the Time Inc. portfolio into its business operations; dealing with the titles it was destined to get rid of would only be a distraction. Meanwhile, for as long as those titles remained under Meredith’s purview, they would essentially be consigned to a state of purgatory. It was in everyone’s interest to fire up the term sheets as quickly as possible. READ MORE
Vermeer to expand, rebuild after tornado
An industrial and agricultural equipment manufacturer plans to expand its Iowa production site less than two months after a tornado tore through its factories, destroying two plants.
The July 19 tornado reached speeds of 144 mph, ripping apart buildings and idling production lines at Vermeer Corp's campus near Pella, The Des Moines Register reported . Vermeer is Pella's largest single employer with about 2,800 employees. READ MORE
CBS reportedly negotiating exit for CEO Les Moonves
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
Private sector added 163,000 jobs in August
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
Can Facebook tarnish your businesses' brand?
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
Why Wall Street shouldn't worry about the trade war
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 is in big trouble in more than one way
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
Target CEO raves about the state of the economy
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
Principal CEO: Gain Trust By Giving Back to Community
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
Meet the small-town attorney who took Monsanto for $289M
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
5 mistakes startups usually make, according to this VC firm
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 chief Elon Musk imploding?
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
Trump backs CEOs, proposes easing corporate reporting rules
Trump backs CEOs, proposes easing corporate reporting rules
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
Young entrepreneurs ditching Silicon Valley for these US cities
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
Small-business confidence is back at record high
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
US retail sales increase strongly in July
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
Meredith Corporation hopes to sell Sports Illustrated by end of year
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
Genetics taking corn to new heights
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