Macy's turnaround hinges on revamping some stores and closing others. It appears to be working
Read more at CNBC
-
Starbucks axes some drinks and staff in bid for US turnaround
Menu items getting the axe in the US include the Royal English Breakfast Latte.BBC News - Feb. 24 -
All JOANN stores to close, pending approval of weekend auction
The company previously said it would close roughly 530 stores.The Hill - Feb. 24 -
Joann closing all of its remaining stores and going out of business
Fabric and crafts retailer Joan is closing all of its remaining stores after failing to find a buyer that would keep them open.CBS News - Feb. 24 -
Joann, 80-Year-Old Crafts and Fabrics Retailer, Will Close All Stores
The announcement that the chain would close all 800 of its stores in 49 states comes after a period of financial turmoil.The New York Times - Feb. 24 -
Financially Frayed Joann Unravels and Will Close its Stores and Go Out of Business
The fabric and crafts retailer filed for Chapter 11 bankruptcy last month, and will now fold up its operations.Inc. - Feb. 25 -
Some federal employees told not to respond to Musk ultimatum to document work or resign
An email from the Office of Personnel Management went out to millions of federal employees directing them to document what they accomplished last week. On social media, billionaire Elon Musk warned ...CBS News - Feb. 24 -
Pope shows slight improvement, resumes some work: Vatican
Pope Francis is showing a “slight improvement” in his condition and has resumed some of his work activities, according to the Vatican’s Monday evening bulletin. The pope remains in critical ...The Hill - Feb. 24 -
Pope Francis carries out some Vatican work while hospitalized
Pope Francis is carrying on with some Vatican work at the hospital as his health improves. CBS News' Chris Livesay reports.CBS News - 5d -
Some market signals aren’t working like they used to. Here’s the one to watch.
Extreme drop in an investor sentiment survey is not reflected in stocks’ recent pullbackMarketWatch - 56m
More from CNBC
-
Layoff announcements soar to the highest since 2020 as DOGE slashes federal staff
U.S. employers announced 172,017 layoffs for the month, up 245% from January and the highest monthly count since July 2020CNBC - 1h -
MongoDB plummets 20% as weak outlook overshadows strong quarterly results
MongoDB shares plummeted more than 20% after the database software maker shared weak guidance that signaled a slowdown in growth.CNBC - 40m -
Global bonds sell off as investors react to Trump's tariffs and a German 'paradigm shift'
Government bonds were selling off all over the world on Thursday, with German borrowing costs hovering at multi-decade highs.CNBC - 41m -
Wealth creation is booming as multimillionaire population jumps 5.2% in the U.S.
The U.S. is now home to almost 40% of the world's super rich, nearly double the share in China, which has the next highest contingent of multimillionaires.CNBC - 43m -
Rare Michael Jordan, Kobe Bryant rookie jerseys expected to sell for $20 million at auction
Sotheby's is auctioning off Michael Jordan and Kobe Bryant rookie jerseys. The sale comes as rookie memorabilia sees a surge in popularity and pricing.CNBC - 1h
More in Business
-
Netflix subscriber boom that followed password-sharing crackdown should slow soon, analyst says
Subscriber numbers continued to shoot up in the second half of last year, but Netflix hasn’t significantly expanded its user base, Moffett Nathanson said.MarketWatch - 17m -
Trump Shifts From Lifting Up America’s Neighbors to Hurting Them
President Trump’s stiff tariffs on Mexico and Canada could push those allies into recession. The impact for America could be messy.The New York Times - 19m -
ECB cuts interest rate to 2.5%
Rate-setters shift tone, suggesting possible pause to reductions in borrowing costsFinancial Times - 23m -
Taxes on Exports Could be a Second Blow to American Businesses
China and Canada are taxing American imports. Mexico could follow suit.Inc. - 28m -
European Central Bank cuts rates again, says policy is becoming 'meaningfully less restrictive'
The ECB cut interest rates by 25 basis points and struck a more hawkish tone in its communication.CNBC - 28m