Nordstrom to go private in $6.25 billion deal with founding family
A sign marks the location of a Nordstrom store on March 20, 2024 in Chicago, Illinois. Scott Olson | Getty Images Nordstrom on Monday announced it will become a private company after it agreed to a buyout deal valued at roughly $6.25 billion from Nordstrom’s founding family and Mexican department store El Puerto de Liverpool. The […]
Stock market will find it hard to rally unless the dollar and bonds calm down
Stocks rose to kick off a holiday-shortened week on Monday, but the bond market and the U.S. dollar will likely need to cooperate for the equities rally to resume in smooth fashion.
Trump’s 25% tariffs an existential threat to Canada’s auto industry
Canadian and American flags fly near the base of the Ambassador Bridge connecting Canada to the U.S. in Windsor, Ontario, Canada, on Wednesday, May 26, 2021. Cole Burston | Bloomberg | Getty Images DETROIT — There’s growing concern that President-elect Donald Trump’s plan to impose 25% tariffs on Canadian imports would be an existential threat […]
BATMMAAN begins: These may be the dominant stocks for next year
A new acronym has been making the rounds since another potential tech kingmaker — Broadcom — began closing in on the $1 trillion market cap club last week.
U.S. sues Walmart, Branch Messenger over driver payment accounts
A Walmart truck pulls out of a Walmart Distribution Center in Hurricane, Utah, on May 30, 2024. George Frey | Afp | Getty Images The Consumer Financial Protection Bureau filed a complaint Monday against Walmart and work-scheduling platform Branch Messenger for allegedly forcing delivery drivers to use poorly managed and costly deposit accounts in order […]
2025 media predictions from 13 anonymous executives
Bob Iger, CEO of Disney (L), and Brian Roberts, CEO of Comcast (R). Getty Images Ho, ho, ho! It’s a holiday tradition: Anonymous media executives make their 2025 industry predictions. In honor of the 12 days of Christmas, we give you 12 predictions from some of the most powerful media and entertainment executives in the […]
Oil prices begin week on down note
Oil futures traded modestly lower early Monday, extending a decline seen the previous week in response to a surging U.S. dollar and worries about the outlook for demand, particularly from China, the world’s largest crude importer.
Forget the stock-market tumble — the Fed made the right move in a wild week
Federal Reserve Chair Jerome Powell helped spark a wild week on Wall Street, but a signal that policymakers have put further rate cuts on pause is looking like the right call after a closely watched inflation indicator and another round of budget brinkmanship on Capitol Hill.
The race is on to buy an EV while the $7,500 tax credit is a sure thing. Drivers should still go slow and ask these questions.
“Don’t rush into it, but be aware the clock is ticking,” said one new electric-vehicle driver.
Wall Street’s ‘Santa Claus rally’ window is about to open with the Dow down in December
Stocks have struggled ahead of the holidays despite Friday’s rally.
