Wall Street economists are anxiously awaiting Wednesday's FOMC meeting.Marketsread more
Normally, when the Fed starts loosening policy it does so amid clear-cut signs of economic weakness.Economyread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
CNBC's Jim Cramer connects the dots by reasoning that if the president were to act, he would pick a successor to Powell that would do his bidding.Economyread more
Tech trade organizations on Wednesday lashed back at a newly proposed bill by Sen. Josh Hawley, R-Mo., that would fundamentally alter the business models of tech companies...Technologyread more
Judy Shelton said in an interview that, if appointed to the Fed, she would want to lower interest rates all the way down to 0%.The Fedread more
Shoppers are "very nuanced in their expectations," Ron Johnson, the former CEO of J.C. Penney and the former senior vice president of Apple's retail division, said at CNBC's...Evolveread more
The winner will live in a centrally located apartment, receive a "salary" and explore the city to find what makes people there so happy.Liferead more
Hubert Joly announced in April he was ceding the chief executive spot to Corie Barry, a move that went into effect earlier this month. Joly will now be its executive chairman.Evolveread more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
Investment firm Starboard Value has urged department store chain Macy's to push for realizing greater value from its real-estate holdings, including its famous Herald Square store in New York, the Wall Street Journal reported.
The activist investor, in a letter and presentation to Macy's management on Sunday, said although it supports the retail chain's plans of cost cuts, it wants the company to follow-through with real-estate deals to add more cash in its reserves, the WSJ said.
Starboard said spinning off Macy's real-estate assets could "create meaningful and lasting value for shareholders," the newspaper reported, citing the letter it reviewed.
The letter suggested two separate joint ventures, one for Macy's landmark properties like Herald Square and a second for its hundreds of mall locations, the journal said.
Starboard added that Macy's stock could trade as high as $70, nearly double its Friday closing price of $35.89, the Journal said.
Reuters could not immediately reach Macy's and Starboard Value for comment outside regular business hours.
Starboard owns a 1.04 percent stake in Macy's, according to Thomson Reuters data.
In an email reply to the Journal, Macy's said it is reviewing Starboard's letter and views expressed by the investment firm are consistent with actions already underway at the company, the paper said.
Last week, Macy's reported disappointing results and said it will eliminate more than 2,000 jobs which will help it save $400 million.
Earlier last year, Starboard bought a stake in the company and said the U.S. retail chain's stock was trading at more than 70 percent below value, and that its highly-prized real estate assets could be spun off.
By Starboard's estimate, the Herald Square store alone was worth $4 billion, while properties in San Francisco and Chicago were worth more than $1 billion.
With another 400 mall locations worth about $13 billion, Macy's had a real-estate value of about $21 billion, Chief Executive Jeffrey Smith said at a conference last year.
Follow CNBC International on and Facebook.