Buckle up, Nordstrom shareholders. Volatile trading ahead. Activist investor Ryan Cohen is building up his stake in the department store chain as he looks to shake up the board, people with knowledge of the matter told CNBC. Cohen’s interest in…
Secretary of State Antony Blinken has postponed a planned high-risk weekend diplomatic trip to China as the Biden administration considers a wider response to the discovery of a high-altitude Chinese balloon flying over a sensitive site in the western United…
Google has invested about $300 million in artificial intelligence startup Anthropic, the latest tech giant to throw money and computing power behind a new generation of companies trying to carve out a place in the booming field of “generative AI.”…
For most Americans, inflation and rising interest rates are a one-two punch. On the heels of another rate hike this week by the Federal Reserve, credit card annual percentage rates have been close to 20%, on average, and are set…
Disney explained on Thursday what Nelson Peltz was thinking and appealed directly to shareholders to vote the activist investor on board. Throw it straight into the trash. House of Mouse, under the leadership of returning CEO Bob Iger since November,…
The UK is at risk of falling behind European rivals in healthcare innovation because of “dramatic short-term measures” the government is taking to reduce the country’s deficit, Sanofi’s chief executive has warned. “If I see how fast science is developing…
A man walks through the Nasdaq MarketSite in New York on January 28, 2022. Michael Ngale | Bloomberg Getty Images Here are the most important news investors need to start their trading day: 1. Tech letdown Meta raised everyone’s hopes…
Any company doing business in China has a tough time. During September and November, Chinese authorities imposed strict lockdowns and other COVID control measures in a futile attempt to contain the outbreak across the country. Then, in December, Chinese authorities…
The US has accused China of operating spy balloons over a sensitive site containing nuclear weapons in Montana, raising tensions between the two countries ahead of a visit by Washington’s top diplomat to Beijing. President Joe Biden has been briefed…
People light a fire to keep warm during a nationwide power outage, in Muzaffarabad on January 23, 2023. Sajjad Qayyum Afp | Getty Images Pakistan’s economy on the brink. The South Asian country this week experienced a horrific bomb attack…