Nordstrom reportedly trying to go private
Shoppers exit the Nordstrom at the Westfield Topanga mall in Canoga Park, California, on Aug. 14, 2023. Christina House | Los Angeles Times | Getty Images Nordstrom shares jumped more than 10% on Tuesday following a report that the department store chain is attempting to go private. The retailer’s founding family is working with Morgan […]
Hertz’s stock is ‘in the parking lot’ for these analysts
Hertz is hampered by rising expenses but supported by “solid” travel demand, analysts say.
Where cracks in the banking sector may appear without more M&A
The forces that consumed three regional lenders in March 2023 have left hundreds of smaller banks wounded, as merger activity — a key potential lifeline — has slowed to a trickle. As the memory of last year’s regional banking crisis begins to fade, it’s easy to believe the industry is in the clear. But the […]
Can aging boomers rescue the ailing commercial real-estate industry? This $2 billion fund is betting on it.
Harrison Street sees bright spots in senior housing and other demographic-driven commercial real-estate.
Bentley delays all-EV plan past 2030 amid vehicle development issues
Bentley Continental GTC Speed in Kingfisher. Adam Jeffery | CNBC Bentley Motors is pushing back its plans to exclusively offer all-electric vehicles by the end of this decade due to changing market conditions and a delay in its first EV. CEO Adrian Hallmark said the famed British luxury carmaker remains committed to carbon neutrality and […]
Bank of Japan ends negative-rate era, hikes rates for first time since 2007
Japan’s central bank raised interest rates for the first time in 17 years Tuesday, tightening its monetary policy amid stubborn inflation.
Wegovy heart health approval won’t mean broad insurance coverage yet
Victoria Klesty | Reuters In the U.S., Wegovy is no longer just for weight loss. The blockbuster drug — one of a handful of weight loss treatments to skyrocket in popularity over the last year — is now approved in the U.S. for heart health, too. But that may not translate to wider insurance coverage of […]
United CEO tries to reassure customers after string of flight problems
United Airlines CEO Scott Kirby speaking in Chicago on June 5, 2019. Kamil Krzaczynski | Reuters United Airlines CEO Scott Kirby on Monday sought to reassure customers about the carrier’s safety after a series of flight problems in recent weeks. In one incident this month, a tire fell from one of the carrier’s Japan-bound Boeing […]
Nvidia reveals highly anticipated Blackwell chip lineup at GTC, but stock dips
Nvidia Corp.’s most hyped debut yet — its long-awaited next chip — was revealed at its annual conference on Monday.
Audi reveals all-electric Q6 e-tron SUV, its first next-generation EV
The Audi SQ6 e-tron SUV. Audi Audi on Monday revealed its new all-electric Q6 e-tron SUV, the first production vehicle on its next-generation electric vehicle architecture. The Volkswagen-owned luxury carmaker says the new “Premium Platform Electric” opens up new levels of technology for Audi, including a rapid EV recharge time of 158 miles in 10 […]
