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.
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.
A pair of fired Wells Fargo workers have filed a class action lawsuit in California against the bank, saying they were fired after refusing to open fake accounts. They seek $2.6 billion.
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.
Wells Fargo shares closed below $45 on Monday for the first time since early 2014, the latest sign that the fake account scandal is causing real financial damage.
Wells Fargo's fake accounts -- the shocking tactics that were revealed this month -- have been around much longer than the bank has acknowledged, former employees are telling CNNMoney. "These practice were going on way before 2011," said Susan Fischer, a former Wells Fargo branch manager who started working at the bank in Wisconsin in 2004.
Expect stocks to tumble if Donald Trump has a great first debate night. As the old saying goes, the market loves good news, it can deal with bad news, but it hates uncertainty. And Trump is the motherlode of uncertainty.
The death of Keith Lamont Scott in Charlotte has some wondering if all police officers should wear body cameras in order to provide more video evidence about disputed shootings. Taser is one of the top makers of such cameras.
The two leading toymakers are big hits with investors. The new Star Wars prequel, 'Rogue One,' could help lift sales this holiday season as well. But Hasbro looks like more of a proven winner than Mattel, which is still a turnaround toy story.