Belk department store John Greim | LightRocket | Getty Images KKR, Blackstone and other major Belk lenders are in talks with the North Carolina-based department store chain to avoid bankruptcy, according to a report in the Wall Street Journal. The company, its lenders and private equity firm Sycamore Partners are getting closer to an out-of-court…

President-elect Joe Biden has appointed Dr. Anthony Fauci was selected to lead a U.S. delegation to the World Health Organization’s annual meeting this week, undoing outgoing President Donald Trump’s plan to withdraw from the international aid group. The new government plans to work with WHO on an international Covid Response Plan as one of Biden’s…

Morgan Stanley posted fourth quarter earnings and revenue on Wednesday that exceeded analysts’ expectations for strong trading, investment banking and wealth management results. Earnings rose 51% to $ 3.39 billion, or $ 1.81 per share, compared to the estimate of $ 1.27 by analysts surveyed by Refinitiv. Revenue of $ 13.64 billion was over $…

More than half a year since Covid-19 halted its spread in mainland China, new clusters of cases have appeared in and around the capital Beijing in recent weeks. The number of newly reported cases is nowhere near as high as in many countries outside of China, including the US. Hebei, the worst-hit province, has reported…

Pharmacy students Anne Brandt (l) and Sarah Schulz are preparing six syringes from a vial with the SARS-CoV-2 coronavirus vaccine from Biontech / Pfizer for vaccination of medical staff at the Leipzig University Hospital. There are currently more requests for vaccination appointments than can currently be offered. Image Alliance | Image Alliance | Getty Images…

Former Homeland Security Secretary Janet Napolitano told CNBC’s “The News with Shepard Smith” that the January 6 attack on the Capitol was “instigated” by President Donald Trump and criticized him for telling the “big lie” in the election fueled on November 3rd, it was stolen from him. “He did not say what would be most…

CNBC’s Jim Cramer revisited his “Go” list of 11 returning stocks on Tuesday, recommending that a handful of names in the cart remain open to buy. “Aside from Mastercard and 3M, our Go stocks have had great results since we learned about the vaccine in November. Some of them got a little rich,” he told…

Stefani Reynolds / Bloomberg via Getty Images “Possibly Bad” QBI prints According to a report released Tuesday by the Inspector General of Financial Management, the IRS allowed business owners to claim “potentially erroneous” deductions of $ 57 million on 12,980 tax returns filed in the past year. The watchdog asked the tax authorities to tighten…

An 8500 series oil rig ENSCO Elon Musk’s SpaceX bought two deep-sea oil rigs last year and is converting them into floating launch pads to support the giant spacecraft rockets the company is developing. The rigs are located in Brownsville Harbor near the Starship SpaceX development facility in Boca Chica, Texas. The drilling rigs were…

Cari Gundee rides her peloton exercise bike at her home in San Anselmo, California on April 6, 2020. Ezra Shaw | Getty Images Peloton stock fell Tuesday after UBS downgraded the stock from neutral to sell. A staggering spike over the past year carries greater downside risk for investors from here. Stocks recently fell nearly…