Canada's Canopy Growth Corp fired founder and co-Chief Executive Officer Bruce Linton, a surprise move that comes just a week after the weed producer's largest shareholder expressed disappointment over its loss-making streak.
McNamee warns that Tesla needs to become better at the basics, such as manufacturing and forecasting, if it wants to "survive" as an auto company.
As the cost of housing remains sky-high in San Francisco, tech workers in the area are eyeing other U.S. locations where they'd rather settle down, according to a survey from Wealthfront.
German prosecutors are escalating a money laundering inquiry involving Deutsche Bank , including planned raids on wealthy former clients, a person with direct knowledge of the matter told Reuters.
Oil prices were steady on Wednesday ahead of a U.S. holiday, after a steep fall the previous session when worries about a slowing global economy outweighed a decision by OPEC and allies to extend crude output cuts.
CNBC used FactSet to screen the stocks with the highest average 12-month price targets by analysts.
The president said he plans on sending the names of Christopher Waller and Judy Shelton to the Senate as Fed governor appointees.
Deutsche Bank is preparing to unveil a sweeping, multi-billion euro overhaul within days that would see the axe fall heaviest on investment bankers, sources familiar with the matter said on Wednesday.
The timescale for a possible stock market listing of UK supermarket group Asda, by its U.S. parent Walmart , is two to three years, Asda's boss said on Wednesday.
The U.S. trade deficit jumped in May and trade tensions between the United States and China helped drive activity in the services sector to a two-year low in June, further signs that economic growth slowed sharply in the second quarter.
Oil prices edged higher on Wednesday ahead of a U.S. holiday after a steep fall the previous session when worries about a slowing global economy outweighed a decision by OPEC and allies to extend crude output cuts.
The U.S. government said on Wednesday it is reviewing license requests from U.S. companies to export products to China's Huawei Technologies Co Ltd "under the highest national security scrutiny," since the company is still blacklisted.
A federal appeals court on Wednesday ruled against Amazon.com Inc in a case that could expose the online retailer to lawsuits from customers who buy defective products from third-party vendors through its website.
U.S. stocks rose on Wednesday, with each of the major indexes closing at a record high, as expectations grew that the Federal Reserve would take a more dovish turn as a raft of data provided more evidence of a slowing economy.
High above Stockholm's skyline, Sweden's EQT Partners is plotting the next chapter in its rapid rise from a Nordic-focused investor to the world's seventh-biggest buyout firm, with a focus on growth in the Asia Pacific region.