Macy’s has had a terrible year. After slumping nearly 50% in 2019, the company has shrunk to its smallest market cap in a decade. Its below $5 billion market value is roughly the same as IPO hotshot Beyond Meat, a company with 1% the annual sales. Macy’s began the year …

BIRMINGHAM, England (Reuters) – Elusive British street artist Banksy has highlighted the issue of rough sleeping in a seasonal mural showing two flying reindeer pulling a homeless man on a street-bench sleigh. A man lays on a bench next to a new mural by Banksy in Birmingham, Britain, December 9, …

A Goldman Sachs sign is seen on at the company’s post on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Corporate venture capital funding is at an all-time high and banks are leading the charge. Investments by financial services firms into start-ups hit a record 329 …

SurveyMonkey data shows that passengers have gotten so hooked on Uber and Lyft that the companies could raise prices further if they were so inclined, said Zander Lurie, CEO of SurveyMonkey-parent SVMK. “People are addicted to these services,” Lurie said on CNBC’s “Squawk Box” on Tuesday. “This is what people …

Stocks kicked off the month of December with a losing streak, but despite the bumpy start — the Dow Jones Industrial Average shed more than 500 points in the first two trading days of the month — 2020 could be another big year for stocks, if history is any guide. …

It turns out millennials are perhaps more responsible about taking on debt than given credit for, with the majority carrying less than $5,000. The overwhelming majority, 43%, of millennials (defined here as those ages 23 to 38) say that since turning 18, they haven’t accumulated more than $5,000 in personal …

One of Wall Street’s biggest bulls is getting even more optimistic. Canaccord Genuity’s Tony Dwyer boosted his 2020 year-end S&P 500 price target by 90 points on Monday to 3,440, reflecting about a 10% gain from current levels. Dwyer cites an easy Federal Reserve and low inflation as two major drivers …

GitLab CEO Sid Sijbrandij at company event in London GitLab GitLab, a developer of code-sharing software, took the unusual step of announcing a specific date when it plans to go public — Nov. 18, 2020. The day is significant because it marks “five years after the first people got stock …

Biotech is breaking out. The SPDR S&P Biotech ETF (XBI) climbed to a new 52-week high following a wave of deals in the group. Among them were Merck’s $2.7 billion purchase of cancer drugmaker ArQule, Sanofi’s $2.5 billion buyout of Synthorx, a company specializing in cancer and autoimmune disorder therapies, …

Democratic Presidential candidate former vice president Joe Biden speaks to guests during a campaign stop at the RiverCenter on October 16, 2019 in Davenport, Iowa. Scott Olson | Getty Images Former Vice President Joe Biden is turning to his campaign chairman, who was also formerly a lobbyist, to help him …