Chinese outbound investments dropped by nearly 50% in the first half of the year but the US is still a top choice when it comes to real estate for Chinese investors. Yahoo Finance’s Jen Rogers, Andy Serwer, and Melody Hahm discuss why certain cities are more appealing to ChineseRead More »
Don't mistake the the market "action" for actual action, especially during the month of August, Jim Cramer told his Mad Money viewers Monday. Sometimes, nothing happens, but the market still tries to make sense of it. There was no real news to move stocks today, Cramer said, yet as soon as FANG (his acronym for Facebook (FB) , Amazon.com (AMZN) , Netflix (NFLX) and Alphabet (GOOGL) ) began to decline, the pundits were quick to write the obituaries. But just as they have so many time before, FANG quickly rose from the dead, once again proving the pundits dead wrong. August is always a wild month, Cramer reminded viewers. Big declines can happen at any time and for any reason, and sometimes for
Cincinnati-based retail giant Macy's Inc. named an eBay executive as its new president late Monday, alongside announcing a restructuring resulting in 100 layoffs. Macy's (NYSE: M) named Hal Lawton, formerly senior vice president of eBay North America, as its president, responsible for all aspects of the Macy's brand. Macy's also announced that it is overhauling its merchandising operations, consolidating three functions – merchandising, planning and private brands – into one, headed by Chief Stores Officer Jeff Kantor, a 35-year veteran of the retailer.
After Automatic Data Processing announced on Monday that its board unanimously rejected Pershing Square's three board nominees, its President and CEO, Carlos Rodriguez, recalled a phone call with Pershing Square chief and billionaire activist investor Bill Ackman. "I had a conversation with Bill right before we, I guess, agreed to disagree that he was going to launch a proxy contest, and I asked him, 'Bill, I know you have a vacation, which is what's getting in the way and why you need to have an extension of this deadline, but when you get back from vacation, why can't we meet then?" Rodriguez told "Mad Money" host Jim Cramer on Monday. According to Rodriguez, Ackman then said that he was not