More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Warren's election reform proposal includes standardized federal election rules, increased federal oversight of elections, and a constitutional amendment guaranteeing voting...Politicsread more
Apple's iOS 13 is coming this fall, but you can already try it on your iPhone with the new public beta. Here are some of the best hidden features.Technologyread more
Investors are piling into gold, sending the precious metal to a six-year high, and analysts think the commodity has established a base to go even higher.Marketsread more
Trump slams Iran on Twitter for issuing a "very ignorant and insulting statement" after the U.S. slapped fresh sanctions on Tehran.Politicsread more
The Conference Board, a business research group, on Tuesday released the June update for its consumer confidence index.Economyread more
Investors plow into the precious metal amid the prospects for lower interest rates, a softer global economy and increased geopolitical tensions.Marketsread more
U.S. footwear and apparel company Nine West filed an amended Chapter 11 bankruptcy plan that will reduce its pre-bankruptcy debt obligations by more than $1 billion, the company said on Wednesday.
The plan is expected to provide $105 million cash recovery to stakeholders through the settlement of potential claims and causes of action against the company's indirect equity owners, it said.
Nine West, which owns brands such as Anne Klein and Gloria Vanderbilt, said it will also receive a three-year purchase commitment from Belk Inc for an assortment of merchandise across the company's businesses.
A hearing has been scheduled for Nov. 7 to consider approval of the terms of the amended Chapter 11 plan, following which it will be passed on to voting creditors for their consideration.
The company filed for bankruptcy protection in April and sold its Nine West and Bandolino footwear and handbag businesses at a court auction to Authentic Brands for $340 million in June.
U.S. retailers are going through a period of upheaval, throwing into doubt the future of the retailers that once dominated U.S. malls but has withered in the age of internet shopping.
The century-old department store chain Sears filed for bankruptcy protection on Monday.
Toys 'R' Us tried to emerge from its 2017 bankruptcy filing but was forced to liquidate six months later after creditors lost confidence in the toy retailer's turnaround plan.
Nine West's competitor Aerosoles Group was among at least a dozen retailers selling apparel, electronics and discount shoes filed for bankruptcy last year to slash their store count and better compete with e-commerce giants such as Amazon.com.