Macy’s Inc. Sees a Brighter Light in a World of Uncertainty

It’s a feel-good moment for Macy’s Inc. The retailer is seeing sustained momentum, believes the government stimulus package and rollout of COVID-19 vaccinations are spurring shopping, and that it will reach its goal of generating $10 billion in digital sales in 2023. “We’re very excited about what we’re seeing right now with the consumer and what’s going on in the […]

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Bernie Madoff, infamous Ponzi schemer, dead at 82

New York (CNN)Editor’s note: This story was originally published on May 16, 2013 and has been updated with Madoff’s death. Bernard Madoff once had billions of dollars, but in the last years of his life, he made $40 a month doing menial prison labor. The mastermind behind the largest Ponzi scheme in US history died at 82 on Wednesday. “I […]

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Company executives are reportedly using Clubhouse to woo individual-shareholders as retail investors become a stronger force in the stock market

Jakub Porzycki/NurPhoto via Getty Images Corporate execs are using audio-conferencing app Clubhouse to directly talk to retail investors. It's a move to recruit more individual stockholders after decades of mutual funds dominating portfolios. CarParts.com used Clubhouse to field questions from retail investors after its earnings report, per the Times. Sign up here for our daily newsletter, 10 Things Before the […]

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HSBC cuts thousands of jobs after profits plunge

London (CNN Business)HSBC has resumed plans to cut 35,000 jobs and restructure its business, saying that the coronavirus pandemic has made the overhaul it announced earlier this year even more urgent. CEO Noel Quinn said in a letter to staff Wednesday that HSBC (HBCYF) needs to “lift the pause” on job losses and reduce its global headcount by roughly 15% […]

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Warren Buffett’s Berkshire Hathaway Annual Meeting Becomes Streaming Draw For Verizon’s Growing Yahoo Finance

The Oracle of Omaha has become a streaming star. Warren Buffett, whose Berkshire Hathaway conglomerate’s moves are closely followed by the investment community, presides over the company’s annual meeting each spring. While every company has a shareholder event, Berkshire’s is something different. With 40,000 fervent attendees, it is equal parts financial forum, convention, rally and county fair. Held in non-pandemic […]

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70% of Americans want a side hustle: Here's where to start

Many Americans are reassessing their careers and sources of income as a result of the coronavirus pandemic. In fact, one-quarter say they are more likely to make a career change to a new field and 27% say they are more likely to start their own business, according to a recent survey of 2,006 adults by the National Association of Personal […]

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