Macy’s CEO Jeff Gennette told CNBC’s Jim Cramer on Thursday the retailer has not reached any predetermined conclusions about spinning out its e-commerce unit into a separate company, a move that activist shareholder Jana Partners hopes to see taken. Gennette’s comments in a “Mad Money” interview came after Macy’s announced earlier Thursday it had brought
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Amazon and Blue Origin founder Jeff Bezos provides the keynote address at the Air Force Association’s Annual Air, Space & Cyber Conference in Oxen Hill, MD, on September 19, 2018. Jim Watson | AFP | Getty Images Jeff Bezos’ Blue Origin this fall raised its offer to cover NASA costs of an astronaut lunar lander by more
Prime Minister Alexander De Croo pictured during a press conference. HADRIEN DURE | AFP | Getty Images BRUSSELS — Belgium is toughening up social restrictions as Covid-19 cases surge, but Prime Minister Alexander de Croo tells CNBC the aim is still to keep society open. “It’s not the same virus anymore. This is a mutation
Loading chart… CSX: “CSX is good. I will tell you that my charitable trust owns Union Pacific. … Union Pacific, I think, is a better company to own at this stage in the cycle.” Loading chart… Canopy Growth: “It likes to go down. I think that’s the ticket. It likes to go down. I like
In this article WMT AMZN TGT Florida, Miami, Walmart discount department store, check out lines. Jeff Greenberg | Universal Images Group | Getty Images Walmart hired nearly 200,000 workers in its third quarter in a push to meet the expected high level of demand during the holiday shopping season. Retailers from Amazon to Target have
Rodolfo Parulan Jr. | Moment | Getty Images LONDON — The coronavirus pandemic grabbed the world’s attention in early 2020 and has failed to let go ever since, but U.K. experts are warning that antibiotic-resistant infections, often described as a “hidden pandemic,” should be the next big concern. One in five people in the U.K.
CNBC’s Jim Cramer said Tuesday he’s encouraged by a number of inflation-related developments, contending they lend further credence to Federal Reserve Chairman Jerome Powell’s outlook that many price pressures will be temporary. The “Mad Money” host pointed to declines in prices for chemicals that serve as economic “building blocks” such as polyethylene, as well as
Workers prepare the stage for the New Year’s Eve celebration in Times Square New York on December 31, 2020. Kena Betancur | AFP | Getty Images Times Square will once again be filled with cheering crowds this New Year’s Eve, Mayor Bill de Blasio announced Tuesday as he invited hundreds of thousands of revelers to
Online streamers prepare for the annual Double 11 online shopping festival at Lingu e-commerce industry park on October 27, 2021 in Linyi, Shandong Province of China. Xu Chuanbao | Visual China Group | Getty Images BEIJING — Even as China’s newly rich internet celebrities keep smashing livestreaming sales records, businesses are finding other strategies that
In this article RIVN FFIE Faraday Future’s FF 91 prototype electric crossover vehicle is shown at a press event for CES 2017 at The Pavilions at Las Vegas Market on January 3, 2017 in Las Vegas. Getty Images Pre-production electric vehicle company Faraday Future is delaying its third-quarter financial report in order to complete an
In this article BP.-GB The secretary general of oil producer group OPEC has said the COP26 climate summit in Glasgow was “definitely a wake-up call.” Speaking to CNBC at the ADIPEC energy industry forum in Abu Dhabi, Mohammad Barkindo was asked if the deal eventually reached in Glasgow — which included a late compromise on
A top executive at Boeing has underlined the importance that cargo now plays in the aerospace industry, nearly two years after travel came to a near standstill due to the coronavirus pandemic. “The freighter markets are on fire right now. That’s where we see real growth,” Stan Deal, executive vice president of Boeing, told CNBC’s Dan