Angel Navarrete | Bloomberg | Getty Images In a first for the industry, Spanish oil and gas company Repsol has pledged to be carbon neutral by 2050 to comply with environmental goals set by the Paris Agreement, the company said on Monday. The pledge is, however, non-binding. The company outlined a number of ways in
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An employee places price tags on Black Friday sale items displayed for the media at a Wal-Mart Stores Inc. location in Burbank, California, U.S., on Thursday, Nov. 16, 2017. Patrick T. Fallon | Bloomberg | Getty Images Walmart and Target bucked the overall trend of a calmer Black Friday, as the big box retailers saw
Mark II Unitorque electric pumping unit at a crude oil well site outside South Heart, North Dakota. Daniel Acker | Bloomberg | Getty Images Pretty much every trade has worked on Wall Street this year except one: natural gas. Futures prices fell to a one-month low on Friday after plunging more than 12% for the
Traders on the floor of the New York Stock Exchange. Brendan McDermid | Reuters The biggest stock winners this year are leading the market decline on Monday as investors dumped momentum stocks after market sentiment turned sour. The top 10 performers this year in the S&P 500 are all in the red on the first
Berkshire Hathaway’s cash hoard keeps growing, topping $128 billion according to the company’s latest SEC filing. Now, we finally have an idea of what Warren Buffett has been thinking of doing with some of that money. In a little-noticed announcement late Wednesday, Tech Data said it has agreed to be bought by private-equity firm Apollo
Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Wall Street analysts tend to run in packs, with most stocks finding an informal consensus
(Credit: NBC/NBCU Photo Bank via Getty Images) The ’90s fashion revival has past its peak. Over the last few years, women ditched skinny jeans for the classic Levi’s style, Champion windbreakers flew off shelves and streaming platforms battled for the rights to the hit show “Friends.” This revival of 1990’s consumer tastes put certain brands
Morgan Stanley headquarters in Times Square, New York. Source: Morgan Stanley 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. The traders in question allegedly mismarked, or purposely mis-priced, some
Warren Buffett Gerard Miller | CNBC Despite having $128 billion to burn, Warren Buffett just backed out of a bidding war after a slightly higher offer topped Berkshire Hathaway’s. If the Oracle of Omaha is that shy to just spend a tad more of his giant cash pile, could that be saying something about the
The GrubHub website on an iPhone. Andrew Harrer | Bloomberg | Getty Images While investors in struggling companies occasionally benefit from a buyout that juices the stock, Raymond James said that shareholders of floundering internet stocks should not hold out hope given a variety of factors pressuring the sector. “In most sectors, public companies that