Cuddling babies in intensive care: Volunteers are part of ‘an amazing process’
Irv Williams first got to know the NICU, or neonatal intensive care unit, eight years ago when his grandson needed to spend time there as a newborn. Now Williams volunteers alongside the devoted caregivers who helped his grandson at the Barbara Bush Children’s Hospital at Maine Medical Center in Portland, Maine. His job: spending time […]
Macy’s chain Bloomingdale’s taps Olivier Bron as its next CEO
Shoppers walk past a Bloomingdale’s store in the SoHo neighborhood of New York, US, on Wednesday, Dec. 28, 2022. Victor J. Blue | Bloomberg | Getty Images Macy’s said Tuesday that it has tapped international retail executive Olivier Bron as the next CEO of its upscale department store, Bloomingdale’s. Bron will succeed Tony Spring. A […]
Hedge funds have bailed on the U.S. consumer in a big way, Goldman Sachs data finds
Hedge funds are betting that the U.S. consumer is in for a difficult ride. Data from Goldman Sachs’s prime lending finds that hedge funds over the last month have moved into consumer staples while selling consumer discretionary stocks. According to the bank, short sales have outpaced long buys by a 1.4-to-1 ratio, led by increased […]
Huge mistake to think economy will boom for years
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, US, on Thursday, Oct. 13, 2022. Ting Shen | Bloomberg | Getty Images JPMorgan Chase CEO Jamie Dimon said Monday that while the U.S. economy is doing well, it […]
Warning for first-time homebuyers: Avoid this costly, 11th-hour mistake when buying a house
First-time home buyers may be overwhelmed with the process of buying a home, but research shows that many are making a costly mistake when it comes to taking on a mortgage. Before taking on a mortgage, many home buyers should research different rates for the mortgage they want, rather than taking one suggested by their […]
McDonald’s to start focus groups with owners as part of civil rights audit
A McDonald’s restaurant near Times Square, NYC on July 29th, 2023. Adam Jeffery | CNBC McDonald’s will begin virtual focus groups with some owners and operators as a part of an ongoing civil rights audit, according to a message to franchisees viewed by CNBC. The fast food giant retained WilmerHale law firm to conduct the […]
RTX to take $3 billion charge on Pratt & Whitney engine problem, shares tumble 8%
Model of a Pratt & Whitney GTF engine is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. Benoit Tessier | Reuters RTX said Monday that an engine manufacturing flaw in its Pratt & Whitney unit that is forcing accelerated inspections will hit its pretax results […]
Australia’s consumer confidence mired in worst sustained slump on record
SYDNEY — Australian consumer confidence is in the worst sustained slump on record, according to a weekly survey by the ANZ Bank and pollster Roy Morgan. Consumer confidence fell 1.1 points over the week, completing six consecutive months below 80 points, something never before seen in the data. The weaker outcome comes despite the Reserve […]
DraftKings sorry for 9/11 bet offer on New York teams
In this photo illustration, the American daily fantasy sports contest and sports betting company DraftKings logo is displayed on a smartphone screen. Budrul Chukrut | Lightrocket | Getty Images Sports gambling giant DraftKings apologized Monday for a bet parlay offer that would have paid out if three New York teams won on the 22nd anniversary […]
Dow heads for third day of gains ahead of coming inflation, retail-sales data
U.S. stock indexes remained higher in Monday’s final hour of trading, boosted by producers of luxury items and services including Tesla, as investors await inflation and retail sales data later this week to help guide the Federal Reserve’s interest-rate policy. How stock indexes are trading The Dow Jones Industrial Average DJIA advanced 83 points, or 0.2% […]
