Author: super@dmin

How VW cheated on emissions tests Volkswagen has severed ties with suspended Audi CEO Rupert Stadler, who has been jailed since June in connection with an emissions investigation. Stadler has left the board of management of Audi parent company Volkswagen (VLKAF) and stepped down as chairman of the premium brand’s management board, the autos group…

Kevin Hassett: Goldman Sachs ‘looks like the Democratic opposition’ Kevin Hassett, one of President Donald Trump’s top economic advisers, suggested that Goldman Sachs may be slanting its economic research to help Democrats ahead of the midterm elections. The Goldman Sachs economics team “almost at times looks like the Democratic opposition,” Hassett told CNN’s Poppy Harlow…

Editor’s Note: This is a free edition of The Technical Indicator, a daily MarketWatch subscriber newsletter. To get this column each market day, click here. Though the bigger-picture backdrop is not one-size-fits-all, the big three U.S. benchmarks are off to a bullish fourth-quarter start. Consider that each index — the S&P 500, Dow industrials and…

Amazon raises minimum wage to $15 an hour Amazon is raising its minimum wage to $15 an hour for all US employees. The change takes effect November 1 and applies to full-time, part-time and temporary workers. Amazon (AMZN) says the $15 minimum wage will benefit more than 250,000 Amazon employees, plus 100,000 seasonal workers. “We…

Elon Musk stepping down as Tesla chairman A tumultuous quarter at Tesla ended with some very good sales numbers. The company delivered 83,500 vehicles during the third quarter, a strong performance that should calm investor fears about logistical problems and a looming cash crunch. That included almost 56,000 of the lower-priced Model 3. Production was…

The U.S. stock market is on a roll—and it can keep on rolling if the past is any indicator. The S&P 500 rose for six months between April to September, something that has only happened six times since 1928. And each of those times, the stock market has gone on to notch strong gains for…

One of Wells Fargo & Co.’s top retail bank executives is leaving. Lisa Stevens, who leads the retail bank’s Western region, will exit from Wells Fargo WFC, -0.59%   later this month, spokeswoman Jennifer Langan said. Her departure was announced on an internal call Monday morning, according to people familiar with the matter. Langan said…

The opioid crisis is a national health emergency, but some states are hit harder than others. California, Rhode Island, West Virginia, Kentucky and Florida suffer the most from opioid abuse, according to Fair Health, a New York-based nonprofit market research firm that analyzed 26 billion privately-billed medical and dental insurance claims from 2002 until 2017.…

This Instagram star isn’t real, but brands don’t seem to care Instagram has a new leader. On Monday, the company announced that Adam Mosseri will head Instagram effective immediately. Last week, Instagram founders Kevin Systrom and Mike Krieger announced they would leave the company. “We are thrilled to hand over the reins to a product…

Elon Musk stepping down as Tesla chairman The stock market appears to like the new trade agreement between the United States, Canada and Mexico. Stocks popped after all three countries agreed to an 11th hour deal to replace NAFTA. The Dow rose 193 points, a gain of 0.7%. The S&P 500 gained 0.4%, and the…