Snapchat co-founders Bobby Murphy and Evan Spiegel at the New York Stock Exchange (NYSE), March 2, 2017 in New York City. Drew Angerer | Getty Images Check out the companies making headlines in midday trading: Fastenal— Shares of Fastenal fell more than 4% after the industrial supplies company posted disappointing quarterly results, mainly attributed to
[embedded content] [The stream is slated to start at 1:30 p.m., ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Vice Chair for Supervision Randal Quarles speaks at the Bipartisan Policy Center in Washington, D.C. on Thursday. Quarles’ remarks come after Fed Chair Jerome Powell testified
Traders work the floor of the NYSE. Brendan McDermid | Reuters Another day, another market milestone. The Dow Jones Industrial Average surged above 27,000 for the first time ever on Thursday, just a day after the S&P 500 topped 3,000. Here’s a look at the stocks that drove the last 1,000 points. It took the
Martin Barraud | Getty Images Knowing your net worth isn’t just for the 1%. Even if you don’t fly in first class or summer in the Hamptons, this simple equation is an important tool that says a lot about your financial health. Still, most people don’t bother to calculate it. That’s a mistake. “It’s the
Pennsylvania state capitol building John Greim/LightRocket | Getty Images It is not an easy time to be the treasurer of Pennsylvania. Joseph Torsella, a Democrat elected treasurer in 2016, has to cope with a simple fact of life: age. His politically important swing state has the sixth largest economy in the nation — but it
The wealth tax proposed by Sen. Elizabeth Warren has sparked a fierce — and increasingly personal — debate between the party’s traditional academic elite and the darlings of the new left. Lawrence Summers, the former Treasury Secretary and longtime economic guru of the Democratic party, published an op-ed in the Washington Post in April saying
krisanapong detraphiphat | Moment | Getty Images Once derided on the cover of Time magazine as the “Me Me Me Generation,” millennials have, in fact, become the “Owe Owe Owe Generation.” This group originally showed a healthy aversion to credit card debt. From 2008 to 2012, only 41% of those in their 20s had a
Evan Spiegel, CEO and co-founder of Snap Inc. Adam Galica | CNBC Shares of Snapchat parent company Snap rose on Thursday after Bank of America said a recent spike in app downloads will drive better revenue results for the company’s upcoming second-quarter earnings. “In May, Snap’s ‘gender-face-swap’ filter went viral and SnapKit app ‘Yolo’ reached
Customers shop at a Target store in Seattle, Washington. David Ryder | Bloomberg | Getty Images In a world of retail “winners and losers” Goldman Sachs is betting on big-box retailers it feels will shoot up over the next year. The firm recommends Target, Costco, Home Depot and Walmart among others because of their strong
Delivery trucks sit parked at loading docks outside the Fastenal Co. distribution center in Jessup, Pennsylvania. Luke Sharrett | Bloomberg | Getty Images For those who don’t see the trade war with China hurting U.S. business, a big industrial with a $17 billion market value just sounded the alarm on tariffs costs and related inflation.