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Preview: Latest stock market news from Wall Street - CNNMoney.com

Latest stock market news from Wall Street - CNNMoney.com



CNNMoney.com, the business website of CNN, combines business news and in-depth market analysis with practical advice and answers to personal finance questions.



Published: Wed, 28 Sep 2016 16:39:23 EDT

Copyright: © 2016 Cable News Network LP, LLLP.
 



OPEC agrees to cut production; oil prices surge

Wed, 28 Sep 2016 15:26:44 EDT

Oil prices rose 5% Wednesday after OPEC leaders announced the first oil production cut in 8 years.(image)



California punishes Wells Fargo with sweeping sanctions

Wed, 28 Sep 2016 16:11:48 EDT

California's state Treasurer is suspending its business relationship with Wells Fargo over the next year due to the bank's opening of unauthorized accounts.(image)



Disney-Twitter may make sense. But investors hate it

Wed, 28 Sep 2016 13:57:06 EDT

Twitter is a rumored takeover target for, well, just about anybody who's anybody in the worlds of media and technology. Disney is a particularly intriguing suitor. But would a deal solve Disney's big ESPN problem? Probably not.(image)



Congressman grills Fed chief on political motives

Wed, 28 Sep 2016 14:57:11 EDT

Congressman Scott Garrett (R-NJ) grilled Fed Chair Janet Yellen for another Fed leader's donation to Hillary Clinton's campaign.(image)



Elizabeth Warren is still furious with Wells Fargo boss

Wed, 28 Sep 2016 11:18:52 EDT

Elizabeth Warren renewed her demand for Wells Fargo CEO John Stumpf to step down and return the money he made while the bank's fake account scandal was taking place.(image)



U.S. warns Samsung washing machine owners after explosion reports

Wed, 28 Sep 2016 12:51:51 EDT

U.S. regulators are warning owners of top-loading Samsung washing machines following reports that some have exploded.(image)



Deutsche Bank: Does it need a bailout?

Wed, 28 Sep 2016 10:23:37 EDT

Speculation about the health of Germany's biggest bank is running wild.(image)



Wells Fargo to scrap controversial sales goals October 1

Wed, 28 Sep 2016 09:42:47 EDT

Wells Fargo CEO John Stumpf plans to say at Thursday's hearing in Congress that it will drop the controversial sales goals linked to its fake account scandal ahead of schedule.(image)



End of an era: BlackBerry will stop making its own phones

Wed, 28 Sep 2016 12:39:48 EDT

BlackBerry has decided to stop making its own phones. The company is going to outsource production of its once-popular devices and focus more on software. What will President Obama and Kim Kardashian West do now?(image)



Premarkets: 6 things to know before the bell

Wed, 28 Sep 2016 05:13:23 EDT

Here's what you need to know about the markets before you start your business day.(image)



The biggest IPO of 2016 was a big flop

Wed, 28 Sep 2016 07:12:29 EDT

Shares in the Postal Savings Bank of China barely budged on their first day of trading.(image)



Cheap oil is crushing Middle Eastern countries

Wed, 17 Feb 2016 12:37:09 EST

Saudi Arabia, Qatar and Iran count on oil exports. But oil in the current $40 to $50 range is already below the break-even point for many Middle Eastern nations.(image)



Wells Fargo CEO forfeits $41 million

Wed, 28 Sep 2016 08:32:17 EDT

Wells Fargo CEO John Stumpf has forfeited about $41 million worth of equity rewards as punishment for the company's massive fraud scandal.(image)



India isn't just growing fast, it's much more competitive

Wed, 28 Sep 2016 08:26:12 EDT

India has zoomed higher in a new ranking of global competitiveness by the World Economic Forum.(image)



Billionaire: Chinese real estate is 'biggest bubble in history'

Wed, 28 Sep 2016 07:48:16 EDT

Read full story for latest details.(image)



Fake accounts boss could still walk away with millions

Wed, 28 Sep 2016 08:27:47 EDT

Wells Fargo executive Carrie Tolstedt could still walk away from the bank with $77 million in stocks and options, despite new efforts by the bank to curb her controversial pay.(image)



Clinton call for end of private prisons sinks jail stocks

Tue, 27 Sep 2016 15:16:17 EDT

Shares of jail owners Corrections Corp. of America and GEO Group tanked Tuesday after Hillary Clinton said in the presidential debate that she applauded the end of private federal prisons and urged states to stop outsourcing as well.(image)



U.S. probes Wells Fargo whistleblower, wage theft complaints

Tue, 27 Sep 2016 11:30:48 EDT

The Labor Department said it is reviewing both open and closed whistleblower complaints against Wells Fargo amid allegations the bank retaliated against employees. It is part of a "top-to-bottom review" ordered by Labor Secretary Thomas Perez related to Wells Fargo and includes allegations that the bank may have violated federal law by failing to pay workers overtime.(image)



Trump hammers America's 'worst trade deal'

Tue, 27 Sep 2016 11:44:39 EDT

Read full story for latest details.(image)



Are stocks 'in a big, fat, ugly bubble,' as Trump says?

Tue, 27 Sep 2016 15:08:56 EDT

Stocks barely budged Tuesday, even though Donald Trump once again talked about the market being a bubble and repeated his criticisms of Fed chair Janet Yellen. Trump is right that stocks aren't cheap. But is this 2000 again? Hardly.(image)