Watch CNBC’s full interview with Target CEO Brian Cornell on Q3 earningsBrian Cornell, Target chairman and CEO, joins “Squawk Box” to discuss the company’s latest earnings report as well as the future of retail, the strength of the consumer, the company’s push toward internet services and more.

Oil prices will have a major impact on the direction that the Russian economy will take, according to the chief executive of the Russian Direct Investment Fund (RDIF), but the country’s alliance with major oil producer group OPEC (known as OPEC+) is “ready to act” if necessary, he said. “We’re quite optimistic about the Russian market going forward. We believe the oil price will be a significant influence going forward but due to our agreement with Saudi Arabia we believe that oil prices will be

After a huge jump the week before, mortgage refinance demand pulled back sharply last week, likely because borrowers were less worried about rising rates. That caused total mortgage application volume to decline 2.2% for the week, according to the Mortgage Bankers Association’s seasonally adjusted survey. Mortgage applications to purchase a home increased 7% for the week and were 7% higher than a year ago. Housing demand is very strong this fall, thanks to lower mortgage rates and pent-up demand

Target’s business is booming thanks to the investments the retailer has been making to make it as easy as possible for shoppers to buy things online and get them that same day. When it reported quarterly earnings on Wednesday morning, it said digital sales surged 31%, with its same-day services accounting for 80% of that growth. He said when Target fulfills an online order from the back of its stores versus shipping from a distribution center, “about 40% of the cost goes away.” He said when cust

Trump has criticized the Fed for not easing policy more, and while he tweeted his meeting with the Fed chair went well, he also said Fed policy was hurting the”About half of the regional Fed presidents didn’t want this rate cut. But the minutes could provide more nuanced detail on a Fed that was clearly divided on rate policy. The Fed cut interest rates by a quarter point Oct. 30, its third rate cut since late July. After the meeting, Powell made it clear the Fed would not cut interest rates — o

Lowe’s on Wednesday reported quarterly earnings that beat analysts’ expectations and raised its forecast for the year, but revenue fell short of projections. Shares of Lowe’s were up more than 4% in premarket trading. Excluding items, the company earned $1.41 per share, topping estimates of $1.35 per share in the Refinitiv survey. Sales grew $17.39 billion, just shy of analyst estimates of $17.68 billion. Since Ellison arrived in July 2018, he has focused on sales to professional contractors.

Target earnings and sales trounced analysts’ estimates, marking a bright spot in retail after weak reports from department store chains J.C. Penney and Kohl’s. Analysts had been calling for earnings per share of $6.18. Net income during the period ended Nov. 2 grew to $714 million, or $1.39 per share, compared with $622 million, or $1.17 per share, a year ago. Excluding one-time items, Target earned $1.36 per share, beating expectations for $1.19 a share, based on an analyst survey by Refinitiv.

Nasdaq exec: You need to like the investment bank you go public with2 Hours AgoWhoever you choose, you’ll work side by side with them, so you need to like and trust the people you work with, says Robert McCooey, senior VP and chairman of Nasdaq Asia-Pacific.

AR is really the future of immersive experience: VX Entertainment1 Hour AgoRick Garson, CEO and founder of VX Entertainment discusses the use of virtual reality in sports and entertainment.

Autonomous driving could be viable in ‘all scenarios’ in 10 years: Co-CEO1 Hour AgoGrace Liu of Fosun RZ Capital says autonomous driving has “big potential” because of it has a large market and will affect many people’s lives. She also discusses the recent cooldown in Chinese venture capital fundraising.

Ben Harburg, managing partner of Beijing-based venture capital firm MSA Capital, told CNBC the “decoupling” of China from its largest trade partner has forced Chinese businesses to innovate and diversify beyond their preferred timeline. However, he added that that has also served to accelerate their already planned push into the Middle East and Africa. “This forced self-sufficiency and forced decoupling has yielded them a really attractive market,” Harburg said of Chinese companies — most notabl

The British government has lashed out at China over its alleged torture of a former worker at the U.K.’s Hong Kong consulate. Simon Cheng was detained for 15 days on a trip to mainland China in August while working for the British government in his native Hong Kong, accused of inciting unrest in the city. In a statement Wednesday, U.K. Foreign Secretary Dominic Raab said: “We were shocked and appalled by the mistreatment he suffered while in Chinese detention, which amounts to torture.” I have m

A euro currency symbol sits on display in the visitor centre at the European Central Bank (ECB) building in Frankfurt, Germany, on Monday, Nov. 4, 2019. TPhotographer: Alex Kraus/Bloomberg via Getty ImagesSigns of excessive financial risk-taking as well as slowdown in bank profitability are some of the biggest challenges in the euro area, the European Central Bank (ECB) said on Wednesday. Riskier firms are taking on more borrowing and property prices continue to rise in “a number” of euro area c

European stocks traded lower Wednesday morning after U.S. President Donald Trump threatened to hike tariffs on Chinese goods if Beijing does not agree to a trade deal. During a meeting with his cabinet on Tuesday, the president said that if China did not make a deal, he would “just raise tariffs even higher.” The comments came after reports that Beijing is pessimistic about the prospect of an imminent “phase one” trade deal due to Trump’s refusal to roll back existing tariffs. Stocks in Asia Pac

Today is Latina Equal Pay Day, a day that marks how much Latinas must work to earn the same amount their white male counterparts earn in just one year. Throughout the year, we mark a variety of Equal Pay Days: Asian-American Women’s Equal Pay Day in March, all women’s Equal Pay Day in April, African American Women’s Equal Pay Day in July, and Native American Women’s Equal Pay Day in September. But Latina Equal Pay Day comes dead last. When I first wrote about this in 2017, Latina Equal Pay Day w

The United States has emerged as the best country globally to be a woman entrepreneur, according to a new report from Mastercard. The North American nation narrowly surpassed last year’s leader, New Zealand, to rank as the global powerhouse for female founders in Mastercard’s Index of Women Entrepreneurs 2019, which was released Wednesday. New Zealand scored 70.2 thanks to strong governance and good financial support. Canada (69) ranked in third place, again due to good financial inclusion and s

Apple CEO Tim Cook arrives for Apples “The Morning Show” global premiere at Lincoln Center- David Geffen Hall on October 28, 2019 in New York. Shares of Apple are currently “under owned” by even the Cupertino-based tech giant’s top investors, according to one Morgan Stanley analyst. “Even the top 100 … holders of Apple (stock) have a position that’s less than the S&P 500 weighting,” Katy Huberty, managing director and head of North American hardware tech research at Morgan Stanley, told CNBC a

ET, the benchmark 10-year Treasury note , which moves inversely to price, was lower at around 1.7603%, while the yield on the 30-year Treasury bond was also lower at around 2.2252%. U.S. government debt prices were higher Wednesday morning, amid heightened political tensions between the world’s two largest economies. The bill will now proceed to the House, which already approved its own version of the bill in October. The U.S. central bank decided to lower the federal funds rate by 25 basis poin

An increasing number of governments and central banks are taking steps to boost economic growth — but those policies will be less effective if the U.S. and China don’t reach a “phase one” trade deal, a Morgan Stanley executive said on Wednesday. The absence of that deal will prolong economic uncertainty globally, said Gokul Laroia, co-chief executive of Asia Pacific for Morgan Stanley. The U.S. and China agreed to work towards a “phase one” deal. “We may get a phase one trade deal, a deal on Chi

Given the results of the Mueller investigation, which concluded that Russia had interfered in the 2016 U.S. election, one could forgive Americans for being wary of the country as the 2020 vote approaches. Russia was accused of meddling in the 2016 election race and the allegations, which Russia denied, prompted a near two-year long investigation led by Robert Mueller. The probe said that the Russian government interfered in “sweeping and systematic fashion” and had been designed to favor Trump a