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Macy’s has notified the employees at about 45 of its department stores that they will close by the middle of this year, CNBC has learned. The closures are part of a previously announced plan by Macy’s to shut 125...

Tiny bubbles of ancient air trapped in ice cores from Greenland suggest we've been seriously overestimating the natural cycle of methane, while vastly undervaluing our own terrible impact. Methane is an 'invisible climate menace' - roughly 30 times more...

Ford Motor Co. is investing $3.5 billion in an electric-vehicle battery plant in southwest Michigan that it will operate with technology and support from a Chinese battery maker that has stirred political controversy. The factory near Marshall,...

Costco is saying goodbye to one of the signature staples of its business: in-store photo centers. The beloved Costco photo department is set to close at all locations on Feb. 14. As a result, customers will no longer be...

Tesla is not a company; Tesla is a movement. Yes, Musk is its leader and he is not infallible, but maybe the overall vision he perpetuates is infallible. Certainly, Musk did not come up with this vision on his own. It is an extension of the thousands of conversations...

Stocks fell Thursday after another hot inflation report, and a decline in jobless claims, showed the economy is holding up amid the Federal Reserve’s rate hikes. The Dow Jones Industrial Average shed 431.20 points, or 1.26%, to close at 33,696.85. The S&P 500 dipped 1.38% to 4,090.41, and the Nasdaq Composite fell 1.78% to close at...

On Thursday, financial wires published details of Intel’s fourth-quarter earnings results minutes ahead of the markets closing at 4 p.m., when they are usually released. The results showed Intel beating expectations for both revenue and earnings per share. The...

We haven’t learned the lessons of the 2008 financial crash, a leading economist told in an interview. Speaking on “Squawk Box Europe,” Lawrence Ball, the Johns Hopkins University economics professor and author of the book “The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster” spelled out...

TD Bank will pay $1.2 billion to settle a lawsuit alleging its involvement in an infamous $7 billion Ponzi scheme orchestrated by disgraced financier Allen Stanford more than a decade ago. Toronto-Dominion Bank agreed to pay $1.205...

Sales of smartphones made by Chinese telecom giant Huawei plunged in the latest quarter of 2020 as they were hit by US sanctions on its suppliers, research firm Canalys said on Friday. Domestic sales fell 44 percent to 18.8...