• Tue, December 10, 2024

by: CNN

Macy's is in deep trouble. It could be sitting on a goldmine

Macy's would be more valuable if it just shut down its business and sold everything off for parts. That's the argument activist investment firm Barington Capital and private equity firm Thor Equities said in a proposal Monday that called on the company to make drastic changes to boost its stock price.

by: ARLnow.com

CMIT Solutions: Understanding penetration testing and its importance for SMBs

In today's digital age, cybersecurity threats are a significant concern for businesses of all sizes. Small and medium-sized businesses (SMBs) are particularly vulnerable due to limited resources and expertise in cybersecurity.

by: MoneyWeek

The top stocks in the FTSE 100

After a year of strong returns for the UK's flagship index, which FTSE 100 stocks have posted the best performance in 2024?

by: thenewhumanitarian

The loss and damage fund should open for business in 2025. Will it be fit for purpose?

2025 could see funds disbursed for the first time, but how will it work, who will benefit, and why is there so little money in its coffers?

by: The Motley Fool

Designer Brands (DBI) Q3 2024 Earnings Call Transcript

Good morning and welcome to the Designer Brands third quarter 2024 results conference call. All participants will be in a listen-only mode. [Operator instructions] After today's presentation, there will be an opportunity to ask questions. [Operator instructions] Please also note, today's event is being recorded.

by: Business Insider

I left a career at Amazon and Microsoft to start a hedge fund. After raising almost $10M in my first year, I'm never going back to Big Tech.

A former Amazon and Microsoft engineer shared how he transitioned from Big Tech to finance and raised almost $10 million in his first year.

by: Reuters

UBS plans wealth business shake-up in the US, memo shows

UBS plans to overhaul its wealth management business in the United States, splitting the operation into six divisions and focusing more on clients that are not super wealthy, according to an internal memo and a media report on Tuesday.

by: Kiplinger

Tax Pros: Is Someone Fraudulently Using Your Expired PTIN?

A PTIN is an 8-digit number assigned to tax preparers by the IRS. It serves as an official identifier, starting with the letter P, that allows the tax agency to track and regulate tax preparation activities. Those who prepare their own taxes, file joint returns, or prepare taxes for friends and family without compensation don't need a PTIN

by: The Australian Financial Review

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by: The University of Chicago Chronicle

COP29 provides UChicago students with unique perspective on climate change and policy

More than two dozen University of Chicago students recently attended the 2024 United Nations Climate Change Conference—better known as COP29—which they described as an "eye-opening" yet "humbling" opportunity to learn about the inner-workings of policy and politics at a global scale.

by: The Daily Pennsylvanian

Samra Lulseged | The Wharton factory

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by: Seeking Alpha

Buy 1 December Aristocrat Of 67 From 38 With 'Safer' Dividends

Aristocrats span all sectors, with BEN topping yields. Read why its strong dividend history and low price make it a December buy, despite analyst concerns.

by: Yahoo

Half of Mayor Eric Adams' latest matching campaign fund claims deemed 'invalid'

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by: AOL

General Motors to stop funding its Cruise robotaxi business

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by: Digital information world

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by: Insider Monkey

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by: Forbes

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by: Couriermail

Melbourne's cheapest and most expensive streets revealed | Ray White

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by: Business Today

Bajaj Finance shares: Valuation looks attractive but should you buy this NBFC stock?

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by: Yahoo Finance

Billionaire Investors Like Ken Griffin and Ray Dalio Are Going All In On These Three Stocks Because They Love The Upside

Trading stocks successfully is a skill that many of the world's best fund managers have honed for decades. That's why tracking the public records of stock trades by large investment firms and successful traders can give you some great ideas about how

by: WTOP News

Trump says he'll name Andrew Ferguson head of FTC and Kimberly Guilfoyle as ambassador to Greece

President-elect Donald Trump made another flurry of job announcements on Tuesday, selecting Andrew Ferguson as the next chair of the Federal Trade

by: MSN

Why Is Establishment Labs Holdings Inc. (ESTA) Among the Best Cosmetic Surgery and Aesthetics Stocks to Invest In Now?

We recently compiled a list of the 11 Best Cosmetic Surgery and Aesthetics Stocks to Invest in Now. In this article, we are going to take a look at where Establishment Labs Holdings Inc. (NASDAQ:ESTA) stands against the other cosmetic surgery and aesthetics stocks.

by: Business Line

Nisus Finance Services listing today on BSE-SME

by: World Socialist Web Site

The speculative Bitcoin frenzy

The total size of the crypto market is estimated to be larger than the combined worth of Mastercard, Walmart and JPMorgan Chase.

by: MSN

City of Muscatine receives 'clean' audit report

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by: Couriermail

Ride share company DiDi launches a new tow service to get you and your car home safely

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by: Forbes

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by: Yahoo Finance

GM to exit Cruise robotaxi business

General Motors said on Tuesday it will stop funding and exit robotaxi development at its majority-owned Cruise business, a blow to the automaker that had made the advanced technology unit a top priority.

by: AOL

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by: WTOP News

Alaska Airlines will spread its wings by flying to Tokyo and Seoul beginning next year

NEW YORK (AP) — Alaska Airlines said Tuesday it will start new service to Tokyo and Seoul next year as part of a plan to boost international flights over the next several years. Alaska announced the new routes Tuesday as it raised its fourth-quarter ...

by: Business Line

RBI New Governor Live News: Sanjay Malhotra to be new RBI Governor, will replace Shaktikanta Das

by: Reuters

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by: Forbes

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by: Reuters

Goldman Sachs sees more larger-scale strategic deals in 2025

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by: Yahoo Finance

GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

General Motors said Tuesday it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit. Instead the Detroit automaker will focus on development of partially automated driver-assist systems like its Super Cruise,

by: MSN

Nissan reassigns CFO Ma to China head in management reshuffle, Nikkei reports

Nissan Motor's board has decided to reassign Chief Financial Officer Stephen Ma to head its China business, the Nikkei newspaper reported, a high-profile shake-up for the crisis-hit Japanese automaker as it cuts thousands of jobs.

by: Yahoo Finance

Oracle cloud business is growing, while other units decline: Analyst

Oracle (ORCL) shares continue to slide Tuesday morning after reporting a slight miss on its fiscal second quarter revenue — $14.06 billion vs. expectations of $14.12 billion — and adjusted earnings estimates — $1.

by: MSN

China ramps up Wall Street meetings as Trump inauguration looms

Chinese Vice Premier He Lifeng has met with several U.S. finance executives as Beijing seeks to build relationships in the face of rising bilateral tensions.

by: Yahoo Finance

FTSE 100 lower and US stocks mixed as attention turns to consumer inflation data

The FTSE 100 and European markets opened lower on Tuesday in London, following a dip for US markets, as traders look to a key US consumer inflation print on Wednesday. UK chancellor Rachel Reeves pledged an "iron fist against waste" on Tuesday morning, saying government budgets will be asked to identify efficiency savings of 5%.

by: MSN

Some of Trump's nominees have drawn fierce criticism. Why his treasury pick has a smoother path.

In picking Bessent, Trump - despite his anti-establishment rhetoric - chose a less ideological, more conventional financier for the post.

by: MSN

How Are Legal Department Professionals Spending Their Time?

How are legal departments performing when it comes to getting high-level legal and business guidance from their in-house attorneys? Are your lawyers buried in administrative chaos, or are they operating at peak efficiency?

by: MSN

Sagittarius Daily Horoscope Today (Nov 22 - Dec 21), December 11, 2024: Your emotional side will strengthen!

Sagittarius Money Horoscope Today You will create a priority list and continue to improve your performance. You will focus on conveniences. Sagittarius Career Horoscope Today You will impress everyone with your personal performance in business.

by: MSN

Charter consolidates Spectrum business service units, promotes two

by: MSN

US Small Business Optimism Hits 3-Year High As Election Results 'Signal A Major Shift'

Small businesses across the U.S. are heading into the holiday season with newfound confidence and momentum. The Small Business Optimism Index surged to 101.7 in November 2024, marking a a significant rebound from October's 93.
  • Wed, December 11, 2024

by: Business Times

Bank of England set to stay in central bank slow lane and keep rates on hold

THE Bank of England (BOE) looks set to keep interest rates on hold next week as it moves more slowly to cut borrowing costs than central banks in Europe and the United States. Read more at The Business Times.

by: THE WEEK

What exactly are tariffs and how do they work?

A tariff is a "type of tax levied by a country on an imported good at the border," said Investopedia. Technically, there are two types of tariffs: a specific tariff, "levied as a fixed fee based on the type of item," and an ad valorem tariff, which is "levied based on the item's value."

by: Forbes

Circle And Binance Become A Stablecoin Power Couple

In an attempt to boost growth, the company behind the $41 billion digital dollar USDC is deepening its ties to Binance and its 240 million global users.

by: Business Line

Nisus Finance Services IPO listing today on BSE-SME: Price band of ?170-180

Macy's is in deep trouble. It could be sitting on a goldmine

Macy's would be more valuable if it just shut down its business and sold everything off for parts. That's the argument activist investment firm Barington Capital and private equity firm Thor Equities said in a proposal Monday that called on the company to make drastic changes to boost its stock price.
The article from CNN Business discusses Macy's strategic shift towards real estate monetization as part of its broader turnaround plan. Facing declining sales and the rise of e-commerce, Macy's has been selling off some of its valuable real estate assets to generate capital. This move is aimed at reducing debt, funding store renovations, and investing in digital transformation. Investors and analysts are closely watching these transactions, as they could significantly impact Macy's financial health and stock performance. The article highlights specific deals, including the sale of its flagship Herald Square store in New York and other prime locations, which are expected to fetch high prices due to their prime urban locations. However, there's a mixed reaction from the market; while some see it as a smart financial strategy, others worry about the long-term implications of losing physical retail space.

Read the Full CNN Article at:
https://www.cnn.com/2024/12/10/business/macys-real-estate-investors/index.html

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