Businessman Mark Cuban listens as he is introduced at the South by Southwest Music Film Interactive Festival in Austin, Texas, March 12, 2017. Brian Snyder | Reuters Self-made billionaire, “Shark Tank” star and owner of the Dallas Mavericks Mark Cuban won’t be attaching “2020 presidential candidate” to his name, at […]
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Here’s why the Forever 21 bankruptcy could be really bad news for US mall owners
A Forever 21 bankruptcy was not on U.S. mall owners’ wish lists ahead of this holiday season. The teen apparel retailer on Sunday night announced it was filing for Chapter 11 bankruptcy, planning to close nearly 200 locations in the U.S. Forever 21 has 815 stores globally, and expects to […]
Trump oversees swearing-in of Gen. Mark Milley as the new chairman of the Joint Chiefs of Staff
New Joint Chiefs of Staff Chairman Army General Mark Milley speaks as U.S. President Donald Trump looks on with Vice President Mike Pence and Defense Scretary Mark Esper during a welcome ceremony for Milley at Joint Base Myer-Henderson Hall, Virginia, September 30, 2019. Kevin Lamarque | Reuters WASHINGTON — President […]
Police investigate threat at Amazon facility in New Jersey
An image from Google Maps shows the Amazon fulfillment center at 8003 Industrial Hwy, Carteret, NJ. Source: Google Employees at an Amazon facility in Carteret, New Jersey, were evacuated Monday as authorities investigate a threat. The Middlesex County Sheriffs Department is at the scene with bomb-sniffing K-9s. It’s unclear what […]
GM strike highlights how shift to electric cars puts future auto jobs at risk
One of the greatest unknowns with ongoing labor negotiations between the United Auto Workers union and General Motors isn’t about pay or benefits. Electric vehicles are upending the industry, saving some jobs as factories are retooled to build zero-emission vehicles but costing many times more in the long run. It’s […]
Bed Bath & Beyond shares jump on analyst upgrade, high hopes for a new CEO
Signage is displayed outside of a Bed Bath & Beyond Inc. store in Los Angeles, California, U.S., on Monday, Sept. 19, 2016. Patrick T. Fallon | Bloomberg | Getty Images Shares of Bed Bath & Beyond rose more than 6% on Monday after WedBush upgraded the company to outperform from […]
Fed has quieted bank funding market but still faces pressure to fix it
The Eccles Building, location of the Board of Governors of the Federal Reserve System and of the Federal Open Market Committee Brooks Kraft | Corbis News | Getty Images The Fed’s management of the short-term funding market passed a crucial test Monday, but the central bank is still under pressure […]
This year’s poor performing IPO class is causing a ‘reckoning’ among private investors
Lyft President John Zimmer and CEO Logan Green applaud as Lyft lists on the Nasdaq at an IPO event in Los Angeles March 29, 2019. Mike Blake | Reuters As 2019’s IPO class faces a reckoning on the public markets, there are now even more questions about why the private […]
Rogue fears rise inside corporations as hacks evolve into ‘home invasions’
Employees work in an IBM X-Force Cyber Command tactical operation center inside the C-TOC Big Rig freight truck used to train corporate teams in how to respond to cybersecurity incidents. Bloomberg | Bloomberg | Getty Images When it comes to cybersecurity, corporations are in a catch-22. Most say they are […]
These small business owners grabbed this new 20% tax break
PeopleImages | E+ | Getty Images A tantalizing 20% tax break for business owners went into effect in 2018 — and more than 15 million taxpayers grabbed it. The qualified business income deduction is one of the new features of the Tax Cuts and Jobs Act. This new tax break […]