People pass by a Wells Fargo bank on May 17, 2023 in New York City.Spencer Platt | Getty ImagesWells Fargo was snared in an industrywide probe into mortgage bankers' use of loan discounts last year, CNBC has learned.The discounts, known as pricing exceptions, are used by mortgage personnel to...
In Las Vegas, Lazaro Hernandez was a flamboyant, jet-setting poker player shown in televised tournaments with stacks of colorful chips. But the casually dressed gambler spotted on security cameras with wads of cash at the casino cage was hiding a secret life.And federal investigators say he was gambling with...
Occidental PetroleumJay L. Clendenin | Los Angeles Times | Getty ImagesOccidental Petroleum has agreed to buy CrownRock, a major privately held energy producer that operates in the Permian Basin, for $12 billion.The deal is latest in a spate of consolidation in the U.S .energy sector, particularly in the Permian,...
The incoming head of one of the world's largest development banks says it must become faster and more efficient in order to finance priorities such as the climate transition and Ukraine rebuild.Nadia Calviño, Spain's finance minister and deputy prime minister, was appointed head of the European Investment Bank Friday —...
Check out the companies making headlines before the bell. Occidental Petroleum — Shares dipped 1.1% after Occidental Petroleum agreed to buy privately held energy producer CrownRock for $12 billion and also announced that it's raising its quarterly dividend to 22 cents a share from 18 cents a share. Pinterest...
People wait in line outside Macy's before opening on "Black Friday" in New York City on November 24, 2023. The retail sector's efforts to entice holiday gift purchases builds to a crescendo this weekend with the annual "Black Friday" shopping day followed by the newer "Cyber Monday." (Photo by...
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 7, 2023. Brendan Mcdermid | ReutersMarkets are confused over the odds of a U.S. recession, and "somebody has got it wrong," according to hedge fund manager David Neuhauser.The CIO of Livermore Partners...
Tiger Woods wipes his driver grip on the 18th tee box during the first round of the PGA TOUR Champions PNC Championship at The Ritz-Carlton Golf Club on December 17, 2022 in Orlando, Florida.Ben Jared | PGA Tour | Getty ImagesA coalition of U.S. sports investors led by Fenway...
The Ronald McDonald balloon floats down Central Park West during the Macy's Thanksgiving Day Parade on November 23, 2023, in New York City.Gary Hershorn | Corbis News | Getty ImagesMcDonald's executives painted a rosy portrait of the fast-food giant's strength and ability to achieve long-term goals at its investor...
2023 Prius Prime on display, April 6, 2023.Scott Mlyn | CNBCDETROIT — As sales of all-electric vehicles grow more slowly than expected, major automakers are increasingly meeting their customers in the middle.More and more companies are reconsidering the viability of hybrid cars and trucks to appease consumer demand and...