The trade war between the United States and China has lasted for more than one year — and a resolution is nowhere in sight.World Economyread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis...Asia Marketsread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
Live the high life with a night's stay at Highclere Castle, the iconic stately home made famous by Downton Abbey.Spendread more
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.Banksread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
A Sears investor is urging the embattled department store chain to consider going private, among other strategic alternatives.
Memento S.A., a Switzerland-based investment manager for the Elarof Trust, which owns about 2 millions shares in Sears, issued an open letter to the company Thursday morning, expressing concerns over "historical patterns of alarming short-selling activity" in the stock.
Sears shares were up more than 8 percent Thursday morning on the news.
Memento said it wants to ensure Sears' management team is taking action to "curb" future short-selling activity.
"We have invested in Sears because of our belief in the long-term value of its vast national network of over 1,100 Sears and Kmart retail stores across the United States, the strength of its well-established proprietary brands, its position as the nation's leading provider of appliance and product repair services, and its insurance subsidiary," Alessandro Mauceri, the CEO of the firm, wrote.
To be sure, Mauceri added: "The market has indicated that more short positions exist in the market than SHLD shares available to borrow, as shown by the unusually high volume of short-selling activity relative to the Company's real available float of outstanding shares."
A representative from Sears didn't immediately respond to CNBC's request for comment.
Memento is urging Sears to form a board to look after shareholders, to temporarily suspend short-selling in Sears' stock, and to evaluate strategic alternatives that include going private.
Mauceri said short interest in Sears shares has fluctuated between 12 million to 19 million shares just within the past two years.
Sears' stock has fallen roughly 50 percent this year.