An activist is reportedly pressuring Kohl's to consider either a sale or a separation of its online business, The Wall Street Journal reported. The New York-based hedge fund Engine Capital reportedly wants Kohl's to explore the two alternatives to try to boost its stock price, WSJ said. It follows a […]

Copenhagen, DenmarkToymaker Lego said on Wednesday it plans to build a new factory in Vietnam to keep up with rapidly growing demand for its colored plastic bricks among children across Asia. The privately-owned Danish firm said it will invest more than $1 billion in the project, which will be its […]

"We would expect that we're not going to see the same rate of returns in equities and many other assets over the next few years that we've seen over the last couple of years," Solomon said in response to a question from Joe Kernen on CNBC's "Squawk Box." Equities are […]

Kuala Lumpur, Malaysia (CNN)On Tuesday, former Malaysian Prime Minister Najib Razak will appear in court — facing years in prison if convicted on corruption charges which seemed impossible less than a year ago. The son and nephew of former prime ministers, scion of the Malay elite and head of the […]

New York (CNN Business)The US jobs recovery has picked up steam again in the final months of the year, bringing some good news in the face of persistently rising prices and a new Covid variant. Economists polled by Refinitiv expect another sizable jobs gain in Friday’s November employment report — […]

Stocks have moved sharply lower in morning trading on Friday as trading resumes following the Thanksgiving Day holiday on Thursday. With the steep drop on the day, the Dow has tumbled to its lowest intraday level in over a month. The major averages have seen further downside in recent trading, […]

With trading resuming following the Thanksgiving Day holiday on Thursday, stocks are likely to come under pressure in early trading on Friday. The major index futures are currently pointing to a sharply lower open for the markets, with the Dow futures down by 809 points. The downward momentum on Wall […]

Gita Gopinath, the IMF’s Indian-American chief economist has been promoted as its First Deputy Managing Director recognising her exceptional intellectual leadership in helping the global economy and the Fund to navigate the “twists and turns” of the “worst economic crisis of our lives”. Gopinath would replace Geoffrey Okamoto who plans to […]

A decision by several countries to impose border restrictions out of concerns around the omicron Covid variant was called "knee-jerk" this week by a group that serves the aviation industry. The Biden administration on Thursday updated its travel rules to and within the U.S., requiring all in-bound international passengers to […]

Signet Jewelers, which owns Kay, Zales, Jared and other brands, had the right product at the right stores, CEO Gina Drosos told CNBC's Jim Cramer on "Mad Money." "We predicted months ago that customers would be in the market earlier, and we turned up the dial in our marketing support," […]