Shoppers exit a Nordstrom at Westfield Topanga Mall in Canoga Park, California, on August 14, 2023.Christina House | Los Angeles Times | Getty ImagesNordstrom Shares closed up 9% on Tuesday following a report that the department store chain is trying to go private.The retailer's founding family works with Morgan Stanley and investment bank Centerview Partners to determine whether private equity firms are interested in the deal, Reuters reported, citing people familiar with the matter. Morgan Stanley declined to comment.According to Reuters, an agreement may not be reached. Previous efforts to acquire Nordstrom in 2018 failed.Nordstrom has struggled to increase sales…
Author: ricardofrancois
More questions – more answers! We've partnered with the FT's Unhedged podcast for a special two-part episode, answering questions you've sent in about markets and finance. Unhedged host Ethan Wu, along with US Financial Times financial commentator Rob Armstrong and markets editor Katie Martin join Michela to review topics ranging from the longevity of Magnificent Seven shares to Japan's economic outlook. To listen to the rest of the episode, visit the Unhedged podcast feed.Clips from The Magnificent Seven, The Mirisch Company/United Artists, music by Elmer Bernstein – – – – – – – – – – – – – -…
You asked and we answered. Today on the show, we team up with our podcast brethren, Behind the Money, and answer listener questions. We cover chips (salted and silicon), market capitalization, India's future, and more. And for more, head over to Behind the Money, wherever you get your podcasts (Apple, Spotify, FT.com). For a free 30-day trial of the Unhedged newsletter, go to: https://www.ft.com/unhedgedofferFollow Ethan Wu (@ethanywu) and Katie Martin (@katie_martin_fx) on X. You can email Ethan at ethan.wu@ft.com.Read the transcript of this episode on FT.comView our accessibility guide.
While technology The world is eagerly awaiting Reddit's public debut, and another company you may have never heard of is about to go public: Astera Labs. This could be a more important test of the return of investor appetite for technology IPOs. Astera announced this week in a public filing that its public debut will be larger than it initially planned in every way: It will sell more shares — 19.8 million versus the previous plan of 17.8 million — and at a higher price, and it expects to sell at a higher price. $32 to $34 per share, versus…
It is based61 | It is based61 | Getty ImagesA new study has found that while inflation is 10 times higher now than it was 60 years ago, house prices are 24 times more expensive.If home prices rose at the same rate as inflation since 1963, the average price of a typical home in the United States would be $177,511, according to a new research report from Clever, a real estate data company.In fact, the cost of a typical home in the United States is close to half a million dollars. The median home price in the United States is…
Two men who used short-barreled rifles to kill three wild donkeys in the Mojave Desert in 2021 pleaded guilty Monday to federal charges, prosecutors said. Under the plea agreement, prosecutors agreed to recommend probation instead of prison for the pair, who face up to 10 years behind bars simply for their firearms-related crimes.Cameron John Vikema, 36, of Yorba Linda, and Christopher James Arnett, 32, of Loveland, Colorado, pleaded guilty to a felony charge of possession of an unregistered firearm and a misdemeanor charge of maliciously causing the death of a donkey in public. Lands as part of a plea agreement…
Traders work on the floor of the New York Stock Exchange on September 9, 2022.Brendan McDiarmid | ReutersStocks rose on Tuesday as the Federal Reserve kicked off its two-day policy meeting. Traders have also been keeping an eye on Nvidia following major announcements from the tech giant.the Dow Jones Industrial Average He won 240 points or 0.6%. The 30-stock average was on track to have its best day since February 22 Standard & Poor's 500 It rose by 0.4%, and Nasdaq Composite Advanced 0.1%The central bank is expected to keep interest rates unchanged on Wednesday. However, recent reports of worrying…
New York – Former President Trump on Monday accused Jews who vote for Democrats of “hating Israel” and hating “their religion,” sparking a firestorm of criticism from the White House and Jewish leaders.In an interview, Trump was asked about Democrats' increasing criticism of Israeli Prime Minister Benjamin Netanyahu over his handling of the war in Gaza as the civilian death toll continues to rise.Trump responded to his former aide Sebastian Gorka: “I actually think they hate Israel.” I think they hate Israel. “The Democratic Party hates Israel.”Trump, who last week became the presumptive nominee of the Republican Party, went on…
Check out the companies making headlines in midday trading. Nvidia – Nvidia stock fell more than 3% after the AI chip maker unveiled its widely anticipated next-generation chips. Several Wall Street firms boosted their price targets on Nvidia in the wake of the event. The company plans to launch the first version of its AI graphics processor known as Blackwell later this year. Shares of rival Advanced Micro Devices fell 6.8% on the news. Super Micro Computer – IT stock fell 12% on the back of offering to sell an additional 2 million shares through Goldman Sachs. Proceeds of about…
Former President Trump has sued television journalist George Stephanopoulos and ABC News for defamation for saying he raped advice columnist E. Gene Carroll.On the March 10 episode of “This Week with George Stephanopoulos,” the anchor said Trump was “responsible for rape” during his interview with Rep. Nancy Mace (R-C). Stephanopoulos was pressing Mace, a rape victim, on how to justify supporting Trump's 2024 presidential candidacy.Trump's lawsuit filed Tuesday in U.S. District Court in Miami said the jury in Carroll's case found him liable for sexual assault — not rape — and that Stephanopoulos defamed the presumptive Republican presidential nominee by…