Janet Yellen Scott Mlyn | CNBC NEW YORK — Pronounced wealth inequality that has built up for decades poses a major threat to a U.S. economy that is in otherwise “excellent” shape, former Federal Reserve Chair Janet Yellen said Thursday. The central bank leader from 2014-18 also said the U.S.-China tariff war is having a
Apple CEO Tim Cook and President Donald Trump were in Texas this week, in a high stakes photo-op at the factory in Austin where Apple’s Mac Pro computer is assembled. Cook no doubt wants to make it hard for the president to put tariffs on Mac Pro components. Cook has said unless Apple continues to
Chinese deities statue ready for export to China are waiting in Sagyin (“marble”) village located near the white marble Sagyin quarries. White marble is extracted from Sagyin quarries for centuries. Thierry Falise | LightRocket | Getty Images The best-performing stock in the world just lost nearly all its value in the blink of an eye.
Many workers don’t need experts to tell them they aren’t putting enough away for their golden years — they apparently already know it. More than half of U.S. adults (52%) say they are behind where they should be when it comes to saving for retirement, according to a new survey from Bankrate.com. Among pre-retirees, the
A University of Alabama cancer geneticist is taking his anti-aging research to the next level to effectively end age-related hair loss, wrinkled skin and reduced energy. And he hopes to have products on the market in 5 years. A new startup out of the University of Alabama at Birmingham (UAB), Yuva Biosciences, is essentially the
Share to facebook Share to twitter Share to linkedin Trump is one of the only presidents in decades to withhold his tax returns from the public. MANDEL NGAN/AFP via Getty Image Topline: A law that would have required President Donald Trump to release his federal tax returns was unanimously struck down by the State Supreme
The view from the pool of the late Robin Williams’ home Homes.com The late beloved comedian Robin Williams’ house on San Francisco Bay just hit the market, listed at $7,250,000. Located in Tiburon, a very expensive address, the 6,517 square foot home sits on some of the country’s priciest real estate. Set on a third
People walk past Macy’s flagship store in Manhattan, New York. Xinhua | Wang Lei | Getty Images Macy’s online business is struggling. The company didn’t break out the exact growth rate for its online sales during the fiscal third quarter, when for the past few quarters it has highlighted double-digit growth. Instead, it said there
A pedestrian carries a Macy’s Inc. shopping bag while walking past a store in New York. Idris Talib Solomon | Bloomberg | Getty Images Macy’s is set to report quarterly earnings before the bell on Thursday. Here’s what analysts are expecting, based on Refinitiv data: Earnings per share: Breakeven Revenue: $5.32 billion Same-store sales: a
Pedestrians pass in front of a TD Ameritrade location in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in the premarket Thursday: TD Ameritrade, Charles Schwab — TD Ameritrade shares surged more than 25% in the premarket after a source told CNBC’s Becky Quick the discount