"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
U.S. aviation officials believe a bird strike may have led to the deadly crash of an Ethiopian Airlines Boeing 737 Max in March, according to a person familiar with the...Aerospace & Defenseread more
CNBC's Jim Cramer says Morgan Stanley cutting its worst-case forecast on Tesla so drastically from $97-per-share appears to be a gimmick.Investingread more
The Time's Up Legal Defense Fund, the American Civil Liberties Union and fast-food workers coalition Fight for $15 said Tuesday that they have filed 23 new complaints against...Restaurantsread more
Sterling jumped on Tuesday afternoon following a report that Prime Minister Theresa May will allow lawmakers a free vote on a second Brexit referendum.Europe Marketsread more
Sales of existing U.S. homes fell 0.4% in April compared with March to a seasonally adjusted annualized rate of 5.19 million units, according to the National Association of...Real Estateread more
The move, which was expected, has set up an early legal test of the president's strategy of fighting off congressional oversight by rejecting the legitimacy of subpoenas he...Politicsread more
"Let me be clear: This committee will hear Mr. McGahn's testimony, even if we have to go to court to secure it," Nadler says.Politicsread more
Morgan Stanley analysts said the reduction was driven by concerns around Chinese demand for Tesla products.Autosread more
Japanese automakers say they generated more than 1.6 million jobs in the U.S. at manufacturing plants, dealerships and suppliers. Of those jobs, more than 94,000 people are...Autosread more
The California state Senate is considering legislation that would ban law enforcement's use of facial recognition technology in body cameras.The proposal passed the Assembly...Politicsread more
Shopping centers could find ways to draw consumers out of the house and into retail stores by offering "seamless and frictionless" experiences such as curbside pickup, mall developer Nathan Forbes told CNBC on Wednesday.
The president and managing partner of The Forbes Company, which runs luxury shopping centers in Michigan and Florida, said curbside pickup doesn't deter shoppers from going into the mall. Instead, the service compliments shopping, he said.
"They'll come to the mall. They'll buy their stuff. We'll have it picked up," Forbes explained on "Power Lunch."
Runners would be dispatched to each store to gather the items that customers have bought.
"We'll aggregate it together and we'll have it available for you at the valet outside the shopping center at the curb when you're ready to leave the shopping center," he said.
It's one strategy Forbes said retail centers can leverage to tap into the uptick in consumer spending, which could produce $1 trillion in sales this holiday season. Deloitte predicts that online sales could spike as much as 22 percent this year.
But Forbes is not worried about online competition during the all-important holiday shopping season because consumers have "become agnostic as to how they shop," he said. Appealing services and environments make "experiential" and brick-and-mortar shopping worthwhile, he argued.
"When you look at the total gross numbers, retail sales this holiday selling season could [top] $1 trillion during the holiday selling period," he said. "And still, with all the online shopping, 87.5 percent of that $1 trillion will be done in brick-and-mortar business."