Say hello to life at the mall. The classic American mall is undergoing a dramatic transformation as real estate developers swap out dying department stores for apartments, ushering in an era where living at the mall could soon become a new norm. Some U.S. developers are knocking down department stores like Macy's or JCPenney and using the spaces and their parking lots to put up apartment buildings next to the mall or connected to it via walkways and green spaces. In other cases, they've built apartments inside of shuttered storefronts and other shopping center properties or gutted them altogether to make way for a mix of housing, retail, restaurants, outdoor spaces and experiences.
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Welcome to CNBC's home on LinkedIn! Follow us for regular updates about financial news, top CNBC.com stories, behind-the-scenes moments and more. CNBC, Inc. provides business news in the United States and Canada. It provides real-time financial market coverage and business information. The company, through its Web site, cnbc.com, provides real-time market analysis; video programming daily; industry and topic-specific blogs; cnbc.com live stream, a long-form scheduled programming of events; charts; and investing tools. The company was founded in 1989 and is headquartered in Englewood Cliffs, New Jersey. CNBC, Inc. operates as a subsidiary of NBC Universal, Inc.
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Art Cashin, UBS' director of floor operations and a fixture at the New York Stock Exchange for nearly 60 years, died this week at age 83. Cashin was one of the great historians of the stock market, but he was not an academic. His method of teaching did not involve citing academic studies. Instead, he taught by telling stories. In an attempt to explain why people should think deeper about what they are doing, he often told stories that illustrated a favorite theme: Why the obvious answer is not always the correct answer.
Remembering Art Cashin’s most valuable stock market lessons – and the stories behind them
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Cryptocurrency-related stocks popped in premarket trading Thursday after the price of bitcoin soared above $100,000 for the first time overnight. MicroStrategy surged 6.1%, while Robinhood Markets and Coinbase Global climbed 4.3% and 3.5% each. Mara Holdings and Riot Platforms added around 6% and 4%, respectively. Year to date, MicroStrategy has soared 542.8% as of Wednesday's close. Robinhood has rallied more than 200%, while Coinbase has nearly doubled. Mara Holdings has lagged the group with a 10.5% gain.
MicroStrategy leads crypto stocks higher after bitcoin tops $100,000 for the first time
cnbc.com
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U.S. physical currency is outdated compared to other countries, and while electronic payments are on the rise, more cash is being circulated today.
Why the U.S. won't change physical cash
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Saving enough money now could make it possible for you to fund your retirement by living off your returns without ever touching your nest egg.
Here's how much you need to save every month to earn $80,000, $90,000 and $100,000 per year in interest for retirement
cnbc.com
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Britain is forecast to hit "peak petrol" in 2024, according to a new report, with electric vehicles (EVs) on track to assume a much bigger share of the country's car market. Auto Trader said in an analysis published Wednesday that it expects the number of gasoline-powered cars on Britain's roads to tumble by almost half over the next decade as drivers shift toward EVs. The online vehicle platform estimates there were 18.7 million gasoline-powered cars on the country's roads in 2024, although this figure is expected to steadily decline to just 11.1 million by 2034.
Britain forecast to reach peak gasoline this year in landmark moment for electric vehicles
cnbc.com
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Waiting to claim Social Security retirement benefits can give you bigger monthly checks. Here's why experts say delaying up to age 70 pays off.
Just 10% plan to wait until age 70 to claim Social Security, survey finds. Why experts say it's often best to delay
cnbc.com
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The price of bitcoin soared past the long-awaited $100,000 benchmark for the first time ever late Wednesday evening. The flagship cryptocurrency was last higher by more than 5% at $101,072.00, according to Coin Metrics. Earlier, it rose as high as $101,555.40. The move came hours after President-elect Donald Trump announced plans to nominate Paul Atkins as chair of the Securities and Exchange Commission, a move viewed by the crypto community as being in keeping with his promise not just to replace Gary Gensler — who has become something of a villain in crypto for the agency's regulation-by-enforcement approach to the industry under his leadership — but to set up a more supportive regulatory environment for the crypto industry more broadly.
Bitcoin tops $100,000 as monster 2024 rally reaches new heights
cnbc.com
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South Korean President Yoon Suk Yeol is facing impeachment by parliament after a series of shocking moves that saw him briefly declare martial law in the country for the first time in nearly 50 years. South Korea's main opposition party, the Democratic Party, along with others, submitted the articles of impeachment on Wednesday, responding to what the DPK leader called an "unconstitutional and illegal declaration of martial law." A motion for impeachment was reported to the National Assembly's plenary session Thursday in a parliamentary procedure that sets the stage for a full-house vote this week, according to local news [change.
South Korean President Yoon faces impeachment: How did we get here?
cnbc.com
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This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.
CNBC Daily Open: Impeachments are not new to South Korea — and its markets
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