SCOTTSDALE, ARIZONA — For Honeywell Aerospace CEO Jim Currier, it’s time to show investors what his company can do as a standalone business. “We have a purpose-built management team just solely focused on one strategy, one mission as opposed to disparate missions of a conglomerate,” Currier told CNBC at his company’s investor day. When it’s…
Ascent/pks Media Inc. | Photodisc | Getty Images The trust funds that Social Security relies on to help pay benefits are running low. Based on Social Security Administration estimates from August, the trust fund dedicated to retirement benefits is projected to run out in 2032, when those benefits would need to be reduced by 24%….
Homes in Rancho Cucamonga, California, US, on Saturday, May 9, 2026. Kyle Grillot | Bloomberg | Getty Images More frustrated home sellers were giving up, right in the midst of the all-important spring market, according to new data. Nationwide, 5.8% of all home listings were pulled off the market in April, according to Redfin, a…
CBS News has fired high-profile “60 Minutes” correspondent Scott Pelley amid debate about the direction of the show, which has been a mainstay of the network’s television lineup for decades. “Your employment with CBS News is terminated for cause effective immediately,” Nick Bilton, the new executive producer of “60 Minutes,” wrote to Pelley in a…
Families have signed up nearly 6 million children for Trump Accounts, set to launch next month. For some, claiming the initial grants — worth up to $1,000 — is the draw. But even kids who aren’t eligible for the “free money” can leverage the accounts with a strategy typically used by older investors to kickstart future…
Jacob Van Naarden is busy. In addition to running Eli Lilly‘s oncology business, he’s now responsible for finding the drugmaker’s next opportunities as head of business development. And Lilly, now the world’s largest pharmaceutical company, is hungrier than ever for deals. “The company’s financial strength right now, driven mostly by the weight loss business, is…
Kendia Barrett (R) speaks with Broward Health recruiter, Nelia Zh, during the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on April 30, 2026 in Sunrise, Florida. Joe Raedle | Getty Images Private hiring expanded at a brisk pace in May, providing further indication of a stable labor market, ADP reported…
Macy’s posted its strongest fiscal first-quarter comparable sales performance in four years on Wednesday, as the legacy department store’s turnaround continues to show progress. Led by the 200 so-called reimagined stores Macy’s has upgraded, comparable sales grew 3% overall during the quarter and 1.6% at its namesake banner. At Bloomingdale’s, comparable sales grew 10.2%, helped…
People watch as the Doris Ocean container ship departs from the Port of Los Angeles on May 28, 2026 in Los Angeles, California. Mario Tama | Getty Images The Office of the U.S. Trade Representative has proposed additional tariffs of up to 12.5% on imports from 60 economies over their failure to ban goods made…
A ship remains anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran. Negotiations between the U.S. and Iran over opening this critical waterway have largely stalled as the countries have rejected each other’s proposals to end the war that began when the U.S. and Israel attacked Iran on February 28….