Wells Fargo hires Elizabeth Duke to get the company back on track. Yahoo Finance’s Alexis Christoforous, Pras Subramanian and Seana Smith discuss if this is the right move to make.Read More »
Data from the U.S. Energy Information Administration Wednesday showed that domestic crude supplies fell by 8.9 million barrels for the week ended Aug. 11. That's more than double the forecast for a decline of 3.6 million barrels by analysts surveyed by S&P Global Platts. The American Petroleum Institute had reported late Tuesday a fall of 9.2 million barrels, according to sources. Gasoline stockpiles were unchanged for the week, while distillate stockpiles climbed by 700,000 barrels last week, according to the EIA. September crude CLU7, +0.00% rose 12 cents, or 0.3%, to $47.67 a barrel on the New York Mercantile Exchange. Prices traded at $47.77 before the supply data. Read the full story: Oil
CHICAGO (AP) -- Grain futures were mixed Wednesday on the Chicago Board of Trade. Wheat for Sept. was unchanged at 4.2950 bushel; Sept. corn was off 2.75 cents at 3.5250 bushel; Sept. oats was up 1.75 cents at $2.
We think these are the hottest stocks on Tuesday. You should, too. Urban Outfitters Shares Go Haywire What in the world are investors thinking here. Shares of Urban Outfitters (URBN) surged as much as 20% on the session following much better than expected second quarter earnings. Investors may want to check their enthusiasm. What Does Alibaba Do Besides Sell Half-a-Trillion Dollars Worth of Stuff? The specialty apparel retailer's key same-store sales metric fell 4.9% amid ongoing weak mall traffic. CEO and founder Richard Hayne didn't sound too optimistic on the earnings call, either. Target Chimes In With Some Cheer, Sorta Comeback brewing for Target (TGT) ? "When we're at our best, we deliver