Incoming Kohl's CEO Ashley Buchanan and current CEO Tom Kingsbury.Courtesy: Michael's | Kohl'sKohl's is getting a new CEO, its third since 2018.The off-mall department store's current CEO Tom Kingsbury is stepping down effective Jan. 15. He will leave the position he held first on an interim basis starting in late...
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Video platform Rumble plans to buy up to $20 million in bitcoin in new treasury strategy
Mustafa Ciftci | Anadolu | Getty ImagesRumble, a video platform aimed at conservatives, said Monday evening that it will begin allocating a portion of its excess cash reserves to bitcoin and making purchases of up to $20 million in the cryptocurrency.Shares rose nearly 4% in extended trading."We believe that the...
Trump vows an additional 10% tariff on China, 25% tariffs on Canada and Mexico
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019.Aly Song | ReutersBEIJING โ President-elect Donald Trump plans to raise tariffs by an additional 10% on all Chinese goods coming into the U.S., according to a...
Can Saudi Arabia keep pace with its ambitious mega-project spending spree?
Digital render of NEOM's The Line project in Saudi ArabiaThe Line, NEOMIn Saudi Arabia's northwestern desert, a sprawling construction site replete with cranes and pile drivers sits encircled by a recently-built road. A pair of tracks cuts through the site like deep gashes through the sand, comprising the spine of...
Crypto investor pays $6 million for a banana โ and plans to eat it
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Crypto investor Justin Sun paid $6.2 million for a banana duct-taped to a wall, highlighting the soaring values of...