People shop at the Macy's Herald Square store in New York City, Jan. 19, 2024.Michael M. Santiago | Getty Images News | Getty ImagesAs Macy's chases sales growth, the department store operator said Tuesday that it will close about 150 of its namesake stores and open more shops with better...
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Warren Buffett says Berkshire may only do slightly better than the average company due to its sheer size
Warren Buffett, chairman and CEO of Berkshire HathawayLacy O'Toole | CNBCBerkshire Hathaway's Warren Buffett said his sprawling conglomerate may only slightly outperform the average American company due to its sheer size and the lack of buying opportunities that could make an impact.The Omaha-based giant — owner of everything from BNSF...
Baylor University outperformed the Ivy League in university endowment performance rankings. Here’s how
Watch out, Ivies, there's a new endowment performer in town.Baylor University's $2 billion endowment — a fraction of those in the Ivy League — generated a 6.4% return for the fiscal year that ended June 30, outperforming the entire conference. Harvard's endowment, the largest at $50.7 billion, returned 2.9%.What's more,...
For Black workers, progress in the workplace but still a high hill to climb
Ali and Jamila Wright, co-owners of Brooklyn Tea.Courtesy: Brooklyn TeaLooking at the state of Black employment in America tells a mixed story: Much progress has been made in the age of the Covid-19 pandemic and beyond, but much is left to be done.In the nearly four years that have passed...
Jamie Dimon is ‘cautious about everything’ as he sees risks to a soft landing
JPMorgan Chase CEO Jamie Dimon thinks there's a better-than-even chance that the U.S. is heading for a recession, though he doesn't see systemic issues looming.Speaking Monday from the JPMorgan High Yield and Leveraged Finance Conference in Miami, the head of the largest U.S. bank by assets said markets probably aren't...