Nightly Business Report — May 22, 2015

Tonight on Nightly Business Report, Federal Reserve chair Janet Yellen makes it clear: the central bank is still on track to raise rates this year. And, the three consumer-related stocks our Market Monitor guest says you should put in your portfolio.


Today’s hot stocks: CHTR, TWC, DGX, TGT, MA, ANN, CPB, FL & ACT.

RJ Sangosti | The Denver Post | Getty Images
Industrial uses for drones are increasingly common. Here, a drone photographs flooding near oil operations in Kersey, Colorado, May 11, 2015.

Nothing may say 2015 more than a company that claims it’s “the Uber for drones.” While the Federal Aviation Administration figures out how to regulate drones, it continues to approve their use. Nearly 400 “exemptions” have been allowed, and the number of industries that want to use the unmanned aircraft is growing. However, drones cost …


Gasoline prices could creep up another few cents to the highest levels of the year this weekend, but it will also be the cheapest Memorial Day for drivers in five years. “Generally, we should be peaking now. I don’t personally think we’re going to see this huge crazy drop in gas prices. I think we …

Christopher Wu | Facebook
Facebook's new Menlo Park Campus building 20, in Menlo Park, California.

With Facebook recently topping 10,000 employees, growing its ranks 48 percent in the past year, CEO Mark Zuckerberg needed a new building. In March, Facebook opened the doors on the new space, which Zuckerberg partnered on with Frank Gehry—and it just opened its doors to CNBC’s cameras for the first time. Gehry created the world’s …

Thaddeus Robertson | Getty Images

Electric bills get plenty of focus once it’s warm enough for air conditioners to click on, but this summer, it’s smart to pay attention to the water bill, too. All but six states currently have areas experiencing short- or long-term drought conditions, ranging from “abnormally dry” to “exceptional drought,” according to U.S. Drought Monitor data …

Aaron M. Sprecher | Bloomberg | Getty Images
The General Electric Co. (GE) logo is displayed during the company's annual meeting.

Millennials are addicted to Facebook. Boomers love GE, and recent grads worship Buffett. Most of all, everybody loves Apple. (Tweet This) That’s the findings of TD Ameritrade data on the age-divided equity asset allocations of its 6.3 million retail clients. Apple topped the charts, but the underlying differences show that age matters. Fighting the popularity …

Jane Wells | CNBC
Green Island Vineyards grows Pinot Noir grapes for top Napa Valley wineries, and uses treated wastewater to irrigate.

The drought in California is so severe, no solution is considered too far-fetched. Not even using recycled toilet water to irrigate the nation’s most prestigious wine grapes in Napa Valley. Call it effluent for the affluent. “California has a lot of growing up to do on how to use water well,” said Will Nord, a …

Getty Images
Skyline of Denver, Colorado

When Christopher Simmons began shopping for a home in Denver six months ago, he had no idea the risk and the frustration it would take to get one. The 27-year-old had good credit and cash to put down, but that was not enough in this red-hot market. “One of the hardest parts is that I …

Best Buy’s surprise quarter

Best Buy bucked the retail trend, reporting both profit and sales that topped Wall Street’s forecasts.

Pharma continues to consolidate

CVS Health agreed to acquire pharmacy services provider Omnicare for more than $12 billion.

HP’s earnings top expectations

HP reported mixed results, but despite a drop in revenue the stock climbed after the bell. Dominic Chu has the details.


Tonight: Some of the world’s biggest banks will pay billions and plead guilty to charges it manipulated the currency markets.

Nightly Business Report — May 21, 2015

Tonight on Nightly Business Report, we’ll take you to one city in the U.S. where it’s getting really hard to find a house. And, the wealth gap widens to a record between the rich and poor and a new report says it’s holding back growth across the globe.


Today’s hot stocks: LL, CHS, SHAK, DLTR, QCOM, FNGN & WFC.