Economy

Los Angeles real estate company The Agency is selling homes complete with artwork and furniture. The piece shown is called “The McCoys II” (2019) and is by artist Shaina McCoy. The Agency | Nils Timm When Paul Lester joined a luxury real estate agency in Los Angeles, he decided to organize a Beverly Hills property […]

Activist investor Nelson Peltz has sold his entire stake in Disney a person familiar with the matter tells CNBC. Peltz sold all of his Disney stock at roughly $120 a share, the person said, making about $1 billion on the position. The stock currently trades for about $100 per share. The exit comes weeks after […]

An American Eagle Outfitters store in New York, US, on Monday, May 27, 2024. American Eagle Outfitters Inc. is scheduled to release earnings figures on May 29. Stephanie Keith | Bloomberg | Getty Images American Eagle on Wednesday said it’s making gains in boosting profitability as it works to improve its product assortment and tweak […]

Marc Benioff, CEO of Salesforce, appears on a panel at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Stefan Wermuth | Bloomberg | Getty Images Salesforce shares plummeted as much as 17% in extended trading on Wednesday after the cloud software vendor reported weaker-than-expected revenue and issued guidance that trailed Wall Street’s […]

An American Airlines’ Embraer E175LR (front), an American Airlines’ Boeing 737 (C) and an American Airlines’ Boeing 737 are seen parked at LaGuardia Airport in Queens, New York on May 24, 2024. Charly Triballeau | AFP | Getty Images American Airlines will slash its capacity growth in the second half of the year and consider […]

The logo for Salesforce is displayed on the Salesforce Tower in New York City on March 7, 2019. Brendan Mcdermid | Reuters Check out the companies making headlines in extended trading: Salesforce — Shares plunged more than 14% after first-quarter revenue of $9.13 billion missed consensus estimates of $9.17 billion, according to LSEG. Adjusted earnings […]

The Good Brigade | Digitalvision | Getty ImagesThe unemployment rate slipped for Black and Hispanic workers in April, but remained stable for Asian American workers.The U.S. unemployment rate inched down to 3.4% last month, according to the U.S. Bureau of Labor Statistics. The number not only marked a decrease from 3.5% in March, but it… […]

The price of ether jumped on Friday as investors gambled on crypto’s newest memecoins.Ether closed higher by 5.61% at about $1,990, according to Coin Metrics. It’s still below the key $2,000 level it briefly broke through in April following the Shapella upgrade. Earlier in the day it rose more than 6% to hit a high… […]

Gov. Ron DeSantis speaks during a news conference in the cabinet room at the close of the 2023 Florida legislative session Friday, May 5, 2023.Alicia Devine | Tallahassee Democrat via APFlorida Gov. Ron DeSantis on Friday signed legislation that effectively voids the development agreements Disney struck shortly before the governor chose a new board of… […]

Warren Buffett, Berkshire Hathaway CEO and chairman.Cnbc | Nbcuniversal | Getty ImagesAs investors head to the Berkshire Hathaway annual shareholders meeting this weekend, they can rest easy in a stock that’s not only trading near all-time highs, but is also a safe haven during turbulent times. Berkshire has a history of outperforming the S&P 500 during… […]