Rich Americans get second passports, citing risk of instability
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Wealthy U.S. families are increasingly applying for second citizenships and national residences as a way to hedge their financial risk, according to a […]
Rent the Runway sees ‘milestone’ 2024 and breakeven cash flow, as stock soars
Rent the Runway Inc. on Wednesday said it expected breakeven free cash flow this year, following cost cuts and signs of a revival in shoppers’ enthusiasm.
Sierra Space CEO talks IPO plans, satellite launch and Dream Chaser
A render of Sierra Space’s Velocity satellite bus Credit: Sierra Space Amid preparations for its spaceplane’s maiden flight and an initial public offering as soon as next year, Sierra Space is expanding its satellite offerings. Ahead of the much-anticipated solar eclipse, the commercial space unicorn unveiled its aptly named Eclipse line of satellite buses […]
USDA cuts July cattle report due to budget woes, frustrating market participants
Cattle producers fret about market transparency after USDA cancels its July cattle report due to budget constraints.
Macy’s settles proxy fight with activist Arkhouse, adds two directors
Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Macy’s on Wednesday said it settled its proxy fight with real estate investor Arkhouse, appointing two of the firm’s nominees to its 15-person board. Ric Clark and Rick Markee will join Macy’s board effective immediately. They’ll be part of […]
Store credit cards deal department stores another revenue squeeze
A customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City. Robert Nickelsberg | Getty Images Department stores like Macy’s and Kohl’s have long used store-branded credit cards to drive purchases and get a cut of cash. Starting this spring, though, those cards will become […]
Tesla’s ‘self-inflicted’ woes make this analyst feel more cautious about the stock
Tesla is dealing with a host of challenges — some of its own making — and that could keep its stock at bay, according to a Jefferies analyst.
Delta Air Lines (DAL) Q1 2024 earnings
An Airbus A330-941 is being delivered to Delta Air Lines, flying from Toulouse Blagnac Airport to Atlanta, in Toulouse, France, on December 8, 2023. JoanValls | Nurphoto | Getty Images Delta Air Lines swung to a profit in the first quarter, and CEO Ed Bastian said bookings for both leisure and business travel are strong […]
I invested half of my son’s inheritance with a 13.5% return. A major broker underperformed the S&P with the rest. Do I push to manage all of his assets?
“Am I letting my ego get in the way?”
Boeing airplane deliveries drop during Q1 amid safety crisis
Boeing 737 MAX airplanes are pictured outside a Boeing factory on March 25, 2024 in Renton, Washington. Stephen Brashear | Getty Images Boeing airplane deliveries dropped in the first quarter to the lowest number since mid-2021 as the company faces increased scrutiny after a door plug blew out from one of its 737 Max 9 planes midair […]
