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And comparable sales rose at both Bloomingdale’s and Bluemercury, the company’s luxury brands. Those results are early signs that Macy’s latest strategy of investing in these parts of the business may be working. Macy’s said it had found the accounting error while preparing its results for the quarter, which ended Nov. 2. An investigation was opened and the employee was no longer with the company, Macy’s said. In the same time period of the accounting issue in which the employee hid up to $154 million, the retailer said it had recorded about $4.36 billion of delivery expenses.
Persons: Macy’s Organizations: Target, National Retail Federation
On his "Money for Couples" podcast, self-made millionaire and money expert Ramit Sethi often meets couples with varying levels of income and net worth who feel badly about money. Many of the couples think they just need more money to feel better, but that's often not the case, Sethi tells them. For many people, how you feel about money is uncorrelated to the amount in your bank account. The couple earns a combined $365,000 a year and have a $1.5 million net worth, yet they constantly disagree about financial decisions and can't stop worrying about money. Nathan and Linda know their numbers, maybe even too well.
Persons: Ramit Sethi, that's, Sethi, Nathan, Linda, he's, it's Locations: Linda
Alex Vetter runs a company that lives largely on the internet, but he manages his monthly schedule offline — with a printed calendar. Vetter doesn't print out his daily calendar, which he keeps digitally and checks on his phone. The assistant also audits Vetter's calendar annually, breaking it down into a pie chart organized by types of time spent, Vetter says. Whole Foods encourages its staff to plan 20-minute meetings instead of 30-minute ones, and 50-minute meetings instead of hourlong ones, Buechel said. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.
Persons: Alex Vetter, Vetter, who's, , Jason Buechel, Buechel Organizations: Foods, CNBC
Cramer's Mad Dash: What could move Apple higher than Nvidia
  + stars: | 2024-11-25 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer's Mad Dash: What could move Apple higher than NvidiaCNBC's Jim Cramer and David Faber discuss what could move Apple ahead of Nvidia in market capitalization.
Persons: Jim Cramer, David Faber Organizations: Apple, Nvidia
CNN —Special counsel Jack Smith is dropping the federal election subversion and the mishandling of classified documents cases against President-elect Donald Trump, seeking the cases’ dismissal in court filings Monday. Trump has said he would fire Smith once he retook the office, shattering previous norms around special counsel investigations. In the election case Trump faced in Washington, DC, Smith charged the former president over his efforts to overturn his 2020 election loss, a plot that culminated in the January 6, 2021, Capitol attack. “The Government’s position on the merits of the defendant’s prosecution has not changed,” Smith said in the filing. In the documents case brought in Florida, Trump was indicted for allegedly taking classified national defense documents from the White House after he left office and resisting the government’s attempts to retrieve the materials.
Persons: Jack Smith, Donald Trump, Trump, Smith, ” Smith, Tanya Chutkan, , Chutkan, Steven Cheung, ” “, ” Cheung, Aileen Cannon’s, Walt Nauta, Carlos de Oliveira, , Stormy Daniels Organizations: CNN, US, White House, Supreme, Capitol, White, Trump, American People, Appeals, US Justice Department, DOJ Locations: Washington ,, Washington , DC, Florida, Trump's, Lago, Georgia, New York, Peach State
After a two-year influx of asylum seekers, New York City leaders are cautiously optimistic that the migrant crisis has begun to subside, and that the city’s emergency response is entering a new phase. Fewer migrants are arriving from the southern border. And on top of the slowdown, President-elect Donald J. Trump’s threats of mass deportations have injected a large dose of uncertainty into the situation. The threat of an immigration crackdown may accelerate a nearly five-month trend: The number of migrants in city shelters has declined for 19 consecutive weeks, as crossings at the U.S.-Mexico border have dropped to record lows. As of Nov. 17, the city was housing 57,400 migrants in 210 shelters, hotels and tent complexes — a drop of 17 percent from a peak of 69,000 in January.
Persons: Donald J, Eric Adams Organizations: Democrat Locations: New York City, U.S, Mexico
The brothers, currently incarcerated in California, may appear virtually or in person for the status hearing, scheduled to start at 10:30 a.m. local time. “I believe they have served enough time.”Erik Menendez, left, and Lyle Menendez. The Menendez brothers filed a habeas corpus petition shortly after the docuseries was released, citing Rosselló’s allegations as well as a letter from Erik Menendez to his cousin that they say references the abuse. Los Angeles County District Attorney George Gascon speaks during a news conference to announce a decision in the case of brothers Erik and Lyle Menendez. Mike Blake/ReutersWhat comes nextGascón’s failed reelection bid has cast some uncertainty over the Menendez brothers’ fate.
Persons: Lyle, Erik Menendez, Judge Michael Jesic, , Jose Menendez –, Menendez, Erik, George Gascón, , Gascón, Nathan Hochman, ” Erik Menendez, Lyle Menendez, Jose Menendez, Kitty Menendez, , ” Gascón, “ Menendez, Roy Rosselló, ” Erik, Attorney George Gascon, Mike Blake, Gascón’s, Hochman, ” Hochman, Gavin Newson, Newsom, CNN’s Eric Levenson, Cindy Von Quednow, Dalia Faheid, Taylor Romine Organizations: CNN, Los Angeles District, Los Angeles Superior Court, Prosecutors, California Department of Corrections, RCA Records, Netflix, Attorney, LA District Attorney, Gov Locations: California, Beverly, San Diego, Los Angeles County
It's a "capital junkie" that's been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. The April 2015 report highlighted the industry's massive capital spending on overlapping or niche products that Marchionne was convinced could be solved through consolidation and shared capital spending. Most capital spending by automakers isn't wasted, but the industry isn't as efficient as other sectors, with minimal return on invested capital. Stock Chart Icon Stock chart icon Stocks of GM, Ford and Chrysler parent Stellantis in 2024. Courtesy: Business WireGM and Hyundai this summer entered into an agreement to explore "future collaboration across key strategic areas" in an effort to reduce capital spending and increase efficiencies.
Persons: bender, Morgan Stanley, Adam Jonas, It's, Sergio Marchionne, Marchionne, Sergio Marchionne Brendan McDermid, Jonas, Joe Hinrichs, isn't, We've, Rebecca Evans, Roland Berger, Ford, Peter Rawlinson, Andrew Kelly, Oliver Blume, Blume, Paul Jacobson, Jacobson, Rivian, RJ Scaringe, Mary Barra, Euisun Chung, codevelop, Stellantis, , Carlos Tavares, Oliver Bunic Organizations: General Motors, Ford, Nissan Motor, Volkswagen Group, Chrysler, Companies, Research, GM, Volkswagen, Toyota Motor, Fiat, Rivian, Lucid, Fiat Chrysler, Reuters, Rivian Automotive, Hyundai Motor, Toyota, CSX Corp, Rehab, Nissan, CNBC, Lucid Motors, Nasdaq, Churchill Capital Corp, Reuters Volkswagen, VW, Honda, BMW, SAIC, Barclays, Saudi, Public Investment Fund, Hyundai, Detroit, French, PSA Groupe, Stellantis NV, Bloomberg, Getty Locations: Casa Grande , Arizona, Detroit, Japan, Germany, That's, New York City , New York, Europe, China, U.S, Kragujevac, Serbia
CNN —Musician Drake alleges that Universal Music Group “conspired” to artificially boost Kendrick Lamar’s searing diss track “Not Like Us” on Spotify, according to a pre-action petition submitted to a New York court on Monday. It has also amassed almost 900 million streams on Spotify to date, according to the petition. Drake is currently represented by Republic Records, a division of UMG and Lamar is currently represented by Interscope records, also a division of UMG. Drake’s petition accuses UMG of paying an independent radio promoter acting as an intermediary, who then paid other radio stations to boost airplay of Lamar’s track. “Not Like Us” became the most successful song spawned by the feud and earned five Grammy nominations earlier this month.
Persons: Drake, Group “, , Kendrick, UMG “, UMG, Lamar, Siri, Monday’s Organizations: CNN, Universal, Group, Spotify, Billboard, Republic Records, Interscope, ” CNN, Drake, Apple Locations: New York, Lamar, UMG
Buffett believes family wealth dynasties could have negative consequences such as eroding personal growth and complicating relationships. "I've never wished to create a dynasty or pursue any plan that extended beyond the children," Buffett wrote in a lengthy letter Monday. He has appointed three trustees of his charitable trust to potentially succeed his children in disbursing his wealth. They are also somewhat younger than my children," Buffett wrote. He said he's built strong trust in his children's managerial ability and philanthropic ambition through years of observation.
Persons: Warren Buffett, Buffett, I've, Susie, Howie, Peter, disburse, he's Organizations: Oracle, BNSF Railway Locations: Berkshire Hathaway, Berkshire, Omaha , Nebraska, Omaha, Buffett's Berkshire
New York CNN —Iced coffee just isn’t the same when you make it at home. This year, Keurig Dr Pepper launched a machine that is dedicated to iced coffee, advertising a drink “as cold as the coffee shops” in three minutes or less for $199. But there’s science behind why iced coffee is so much better at coffee shops, and current single-serve espresso machine innovations don’t meet that quality despite their marketing. And iced coffee mania comes at a time when coffee production is at risk of surging prices as factors like climate change could slash the global supply. Almost a quarter of Americans enjoy their coffee cold, according to this fall’s National Coffee Data Trends report.
Persons: Keurig Dr Pepper, Nescafé, ” Christopher Hendon, ” David Rennie, Coffee, Jennifer Creevy, ” Creevy, , It’s, ” Rennie, Nestlé, “ It’s, Dr Pepper, they’re, CNN’s Erika Tulfo Organizations: New, New York CNN, Nestle, , University of Oregon, CNN, International Coffee Organization, United Nations, Nestlé Coffee, National Coffee Association Locations: New York, Australia, China, Americano
The Oneok website on a laptop computer arranged in Brooklyn, New York, on Tuesday, May 16, 2023. Pipeline operator ONEOK said on Sunday it would buy the remaining shares of peer EnLink Midstream , for $4.3 billion in an all-stock deal, boosting its presence in the Permian Basin amid increased consolidation in the U.S. energy sector. In August, ONEOK acquired a 43% controlling interest in Enlink, which has a solid presence in the Permian basin, from Global Infrastructure Partners for about $3.3 billion in cash. ONEOK said it will offer 0.1412 shares of its common stock for each EnLink unit. Earlier in the month, another pipeline operator DT Midstream agreed to acquire three natural gas transmission pipelines from ONEOK for $1.2 billion in cash, to boost its presence in the Midwest market.
Persons: ONEOK, EnLink Organizations: Global Infrastructure Partners Locations: Brooklyn , New York, U.S, Enlink, ONEOK, Midwest
Justin Sun, founder of blockchain platform Tron, poses for a photograph in Hong Kong, China, on Friday, May 8, 2020. Tron blockchain founder Justin Sun has invested $30 million into Donald Trump's crypto project, World Liberty Financial, he announced Monday. "We are thrilled to invest $30 million in World Liberty Financial @worldlibertyfi as its largest investor," Sun wrote in a post on X. In exchange, Trump's LLC received billions of tokens and the right to 75% of revenues above a $30 million threshold. Sales now appear to have crossed the $30 million threshold to trigger revenue distribution to Trump's LLC.
Persons: Justin Sun, Tron blockchain, Donald Trump's, Sun, Trump, Bitcoin, TRON, WLFI, Zachary Folkman, Folkman Organizations: Liberty Financial, Liberty, Trump, Trump's, America, Etherscan Locations: Hong Kong, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIn the near-term, Bitcoin will not see the volatility of the past years: Fred ThielFred Thiel of Mara says that the days of Bitcoin experiencing "20 to 30% drawdowns" after hitting peaks are gone due to strong institutional demand, and that for the foreseeable future, the price should trend upwards.
Persons: Fred Thiel Fred Thiel, Mara
Learn moreIf you're on the hunt for the best jewelry deals this gift-giving season, you should know that Mejuri is having its biggest sale to date. View at MejuriMejuri Curb Chain Bracelet $168.75 $225.00 Save 25% Our 14k solid gold pieces are made to last forever. M+ Members also earn early access to Mejuri sale events. When does the Mejuri Black Friday sale start and end? Is Black Friday a good time to shop Mejuri jewelry?
Persons: Selena Gomez, Pick Mejuri Puffy Charlotte Huggies, Gabrielle Chase Organizations: Business, Mejuri Locations: Canadian
The firing of tear gas came shortly after demonstrators — who traveled 150 kilometers (93 miles) from the restive northwest — began arriving and gathering near Islamabad. They defied a lockdown, previous tear gas and widespread arrests despite a ban on rallies in the city. The government was in talks with Khan’s party to avoid any further violence, officials said. Video on social media showed Khan supporters donning gas masks and protective goggles. Protesters on Sunday night burned trees as police fired tear gas to disperse the crowds.
Persons: Imran Khan, , Khan’s, Alexander Lukashenko, Shehbaz Sharif, Mohsin Naqvi, Khan, Aamir Qureshi, Kamran Bangash, , Bangash, Bushra Bibi, Ali Amin Gandapur, Sharif, Attaullah Tarar, Naqvi Organizations: Islamabad AP, Pakistani, Authorities, Getty, Security, PTI, Associated Press, Protesters Locations: Islamabad, , Pakistan, Punjab province, Khyber Pakhtunkhwa
Digital render of NEOM's The Line project in Saudi Arabia The Line, NEOMIn Saudi Arabia's northwestern desert, a sprawling construction site replete with cranes and pile drivers sits encircled by a recently-built road. The changes come as the Saudi deficit grows and the outlook for oil demand, along with global oil prices, sees sustained lows. Construction for The Line project in Saudi Arabia's NEOM, October 2024 Giles Pendleton, The Line at NEOMThat begs the question: does Saudi Arabia have enough money to meet its lofty goals? Saudi Arabia has poured tens of billions into projects that have yet to hint of any financial returns." Saudi Arabia has an A/A-1 credit rating with a positive outlook from S&P Global Ratings and an A+ rating with a stable outlook from Fitch.
Persons: Prince Mohammed bin Salman, Saudi Arabia's NEOM, Giles Pendleton, Andrew Leber, Leber, Mohammed Al, Jadaan Organizations: Saudi, Public Investment Fund, CNBC, Tulane University, Saudi Finance, Fitch, , P Global, Al Locations: Saudi Arabia, NEOM, Saudi, Neom, Saudi Arabia's, Riyadh
CNN —Following upset losses to unranked opponents, Alabama and Mississippi both fell out of the top 10 in the AP Top 25 poll when the latest rankings were released on Sunday. In a dramatic week of college football, Arizona State moved up seven places to No. 14 following an upset win over Brigham Young on Saturday, making the Sun Devils the top-ranked Big 12 team in the poll. Ohio State, Texas and Penn State, all of whom won on Saturday, occupy the next three spots behind the Ducks, who are now the only undefeated team in the AP Top 25 poll. Alabama Crimson Tide (8-3)14.
Persons: , Ole Miss Organizations: CNN, SMU, Oregon, Arizona State, Brigham Young, Sun Devils, Ohio, Penn State, Ducks, Ohio State, ESPN, AP’s, Oregon Ducks, Ohio State Buckeyes, Texas Longhorns, Penn State Nittany Lions, Notre Dame Fighting, Georgia Bulldogs, . Tennessee Volunteers, Miami Hurricanes, . Indiana Hoosiers, Boise State Broncos, Clemson Tigers, . Alabama Crimson Tide, Arizona State Sun Devils, Ole Miss Rebels, South Carolina Gamecocks, Iowa State Cyclones, Tulane Green Wave, BYU Cougars, Texas, UNLV Rebels, Illinois Fighting Illini, . Colorado Buffaloes, Missouri Tigers, Army Black Knights Locations: Alabama, Mississippi, Miami, Ohio State , Texas, Oklahoma, Florida
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBessent nomination likely to attract more foreign buyers of treasuries, says Strategas’ Dan CliftonStrategas’ Dan Clifton, joins 'The Exchange' to discuss Trump’s latest cabinet picks and how they'll impact the markets.
Persons: Strategas, Dan Clifton Strategas, Dan Clifton
The Biden administration is holding up the annual U.S. payment to the World Anti-Doping Agency to press the organization to make changes in the wake of revelations that it chose not to discipline elite Chinese swimmers who tested positive for a banned drug, according to two people briefed on the matter. The White House has told the agency that it needed to have more accountability and transparency and that it must submit to a wide-ranging outside audit of its operations, which have come under intense scrutiny amid revelations that it took no action against China in a number of cases of suspected doping. Led by Dr. Rahul Gupta, the director of the White House Office of National Drug Control Policy, the administration is also pushing for limits on the ability of the agency, known as WADA, to use American taxpayer dollars to sue U.S. institutions, like American antidoping authorities who were the target of a defamation lawsuit by WADA. WADA, which has long tried to avoid outside oversight, is the global body responsible for policing the use of banned, performance-enhancing drugs at events like the Olympics.
Persons: Biden, Rahul Gupta, WADA Organizations: Doping Agency, White, Office of National Drug Control Locations: China
Astronomers, mathematicians, and naturalists spent three years studying the country. Napoleon's invasion failed, but it led to some groundbreaking scientific work. Related VideoWhen Napoleon invaded Egypt in July 1798, he brought more than just tens of thousands of soldiers. The scientists' tasks were made more difficult because the ship carrying much of their surveying and scientific equipment had sunk . Then, after a series of defeats in Egypt, Napoleon returned to France in 1799 and left many of the scientists stranded.
Persons: Napoleon, It's, Ridley Scott's, Joaquin Phoenix, Napoleon Bonaparte's, Egypt that's Organizations: Institut Locations: Egypt, Cairo, France
FlexJobs has identified the most in-demand work-from-anywhere jobs companies are hiring for by analyzing its database to find the highest volume of postings between June and November 2024. Such jobs are competitive: They account for only about 5% of all remote roles, FlexJobs reports. Some of the top companies hiring for work-from-anywhere jobs in the past six months on the platform include Duolingo, Invisible Technologies and the Wikimedia Foundation. Marketing, writing, project management and tech continue to be the fields with the most work-from-anywhere jobs. "For work-from-anywhere roles, employers are increasingly interested in workers who demonstrate advanced abilities, such as higher-level communication skills like negotiation, resourcefulness and problem-solving," Frana says.
Persons: FlexJobs, Toni Frana, Frana Organizations: Employers, CNBC, Technologies, Wikimedia Foundation, Marketing, Communications
It might be the most shocking news yet to come out of this roller-coaster of a transition: After weeks of choosing cabinet secretaries who seem determined to destroy the agencies they will lead, Donald Trump announced the choice of a secretary of labor whom many American workers actually like. His pick, Representative Lori Chavez-DeRemer of Oregon, who just lost her bid for re-election, was one of only three Republicans to cosponsor the PRO Act, which protects workers’ right to organize. She also cosponsored the Public Service Freedom to Negotiate Act, which requires all states to recognize public-sector unions. In fact, Chavez-DeRemer, the daughter of a Teamster, has such a pro-union record that some Republicans are in a full-blown panic about her nomination. Senator Bill Cassidy of Louisiana wrote on X that he plans to question her about her support for “Democrat legislation in Congress that would strip Louisiana’s ability to be a right to work state, and if that will be her position going forward.” The New York Post ran a headline quoting conservatives calling her “toxic” and “unserious.”
Persons: Donald Trump, Lori Chavez, Chavez, Bill Cassidy, Organizations: PRO, Public Service, Democrat, New York Post Locations: Oregon, Louisiana, Congress
If they look beyond their travel plans, they may even spy an investment opportunity, according to Nuveen. The Transportation Security Administration is expecting one of the busiest Thanksgiving travel periods on record for the nation's airports. That is keeping pace with the increase in air travel demand in recent years. "So as travel increases, a lot of what's being financed is these amenities and lounges and better restrooms." What Nuveen looks for There are a number of airport revenue bonds within Nuveen's muni funds.
Persons: Daniel Close, Munis, John F Organizations: Transportation Security, TSA, American Municipal Bond Fund, Airports, AMT, Republican, AAA, LaGuardia, Kennedy, Dallas Fort Worth International Locations: White, Nuveen's, New York, Dallas
Kohl’s has hired Ashley Buchanan, chief executive of the crafts retailer Michaels, to be its next chief executive, the department store chain said on Monday. Mr. Buchanan, who has run Michaels since 2020, will start on Jan. 15. Mr. Buchanan will be the third chief executive at Kohl’s since 2018. Tom Kingsbury has served as interim chief executive since Michelle Gass left in December 2022 to run Levi Strauss & Company. Previously, Mr. Buchanan spent 13 years at Walmart, holding several senior roles, including chief merchandising officer and chief operating officer for Walmart’s U.S. e-commerce.
Persons: Kohl’s, Ashley Buchanan, Michaels, Buchanan, Tom Kingsbury, Michelle Gass, Levi Strauss, Kingsbury Organizations: Kohl’s, Levi Strauss & Company, Mr, Walmart, Walmart’s Locations: Kohl’s
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