President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Another U.S. mall landlord could be facing activist pressure.
Dan Loeb's hedge fund, Third Point, has reportedly built a position in retail real estate investment trust , people familiar with the matter told Bloomberg.
Macerich shares jumped more than 12 percent Thursday afternoon on the news.
Representatives from Third Point and Macerich didn't immediately respond to CNBC's requests for comment.
Third Point now owns nearly 5 percent of the California-based REIT and could push for a potential sale, among other changes, sources told Bloomberg.
Macerich was last targeted by activist investors in 2015, when Jonathan Litt's Land & Buildings Investment Management and Orange Capital built a position in the company. At the time, Macerich had just rejected a near $17 billion takeover bid from REIT rival Simon Property Group.
Macerich currently owns 54 million square feet of real estate, consisting primarily of interests in 48 regional shopping centers, according to its website.
In 2017, the retail real estate industry has increasingly faced pressure from outsiders, as news of retail bankruptcies and store closures threatens the future health of their properties. More shoppers are ringing up purchases online, forcing mall owners to think outside the box when renovating vacated spaces.
"Despite recent, well-documented, bankruptcies of certain traditional retailers, few of which have come as much of a surprise, Macerich achieved solid re-leasing spreads and tenant sales growth," Chief Executive Arthur Coppola said when the company reported earnings last month.
In regard to Loeb's investment strategy, Third Point materials describe its philosophy as "event-driven, value-oriented," with an "emphasis on special situation equities." The firm "seeks to identify situations where we anticipate a catalyst will unlock value."
Third Point had $18 billion of assets under management as of late June.
According to Bloomberg, it's still unclear if there have been talks between the activist investor and Macerich.
Even with Thursday's gains, Macerich's stock has lost a little more than 10 percent in 2017.
— CNBC's Tae Kim contributed to this report.