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Top Stories from CNBC- Sweltering heat is shattering records, triggering power outages across California
- Here's why this recession has been different from any other
- Trump orders ByteDance to divest from its U.S. TikTok business within 90 days
- Facebook says Apple refused to waive 30% fee on new paid online events feature
- The clothing rental start-up Rent the Runway is closing all of its stores for good
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At least four traders at New York-based Morgan Stanley have been fired or placed on leave after reportedly concealing a loss of between $100 million and $140 million, a new report from Bloomberg News said.
Banning fracking in the United States will aid foreign oil producers at the expense of the American economy, an Exxon executive said Friday.
Consumers are paying more attention to their carbon footprint and it could cost airlines billions of dollars, Citi said in a note to clients.
Biotech stocks surged after Biogen announced plans to revive its Alzheimer’s drug aducanumab.
Some U.S. solar stocks could get a boost after the Trump administration announced that it will impose tariffs on bifacial solar panels. This special type of panel, which absorbs light on both sides, will be subject to a 25% tariff beginning on October 28.
Facebook officially announced its new cryptocurrency on Tuesday. Called Libra, the digital currency is already backed by 27 companies including eBay, Lyft, Spotify and Uber. While Libra is not expected to launch until the first half of 2020, the Street is already thinking about the impact this latest venture could have on the company’s bottom line.
