Activist Barington takes aim at Macy’s, seeks spending, real estate fixes
People walk past the Macy’s Herald Square flagship store in New York City, Nov. 29, 2024. David Dee Delgado | Getty Images Activist investor Barington Capital revealed Monday it has a position in Macy’s and wants the company to cut spending, explore selling its luxury brands and take a hard look at its real estate portfolio. It marks the fourth activist […]
Treasury yields nudge higher as CPI inflation report looms
Bond yields rose marginally early as investors eyed looming consumer price inflation data ahead of the Fed’s final monetary policy meeting of 2024.
Ex-Dodge, Ram boss Tim Kuniskis returning to Stellantis
Dodge CEO Tim Kuniskis unveils the Charger Daytona SRT concept electric muscle car in Pontiac, Michigan, Aug. 17, 2022. Michael Wayland / CNBC DETROIT — Well-known Stellantis executive Tim Kuniskis is returning to the automaker effective immediately, CNBC has learned. Kuniskis, who retired from the automaker in May, will once again lead the company’s Ram […]
Florida ‘condo cliff’ coming as owners deal with Surfside fallout
After the deadly collapse of a 12-story condominium tower in the Surfside suburb of Miami, Florida, in 2021, state lawmakers implemented new requirements for older condominiums. Buildings that are at least 30 years old, as was the Champlain tower that fell, have to undergo special inspections, make repairs and gather reserve funds for future maintenance. […]
Commercial real estate is still on thin ice heading into 2025 — but investors see best entry point in 15 years
Financing is returning to commercial real estate ahead of 2025, yet mostly on temporary terms.
University of Utah video game program fuels $2 billion industry
Rice–Eccles Stadium, an outdoor college football venue at the University of Utah in Salt Lake City, stands against a stunning mountain backdrop. University of Utah This article is part of CNBC’s Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit and attracted capital, companies and employees. The […]
Comcast seen taking ‘one step forward, two steps back’ in tough broadband market
Comcast’s narrowed broadband subscriber losses in the latest quarter offered some hope, but recent cautious commentary has dragged down cable stocks.
Mondelez made a takeover approach for Hershey, sources say
The logo of Hershey’s in Manhattan on Sept. 16, 2023. Michael Kappeler | Picture Alliance | Getty Images Cookie and snack giant Mondelez has made a preliminary takeover approach for Hershey, according to people familiar with the matter, a combination that would create one of the largest food and beverage businesses in the world. Shares […]
AppLovin’s S&P 500 snub could make for the stock’s worst day in two years
AppLovin’s $135 billion market cap and 900% year-to-date surge through Friday’s close weren’t enough to earn it entry into the benchmark large-cap index.
Comcast shares tumble as executive calls broadband ‘intensely competitive’
View from behind of Comcast truck parked on residential street in Lafayette, California, September 28, 2021. Smith Collection/gado | Archive Photos | Getty Images Comcast Cable CEO Dave Watson told investors on Monday that the company expects to lose more than 100,000 broadband subscribers during the fourth quarter as the market remains “competitively intense.” Comcast […]
