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Exterior view of Macy’s herald square store in New York City, on November 28, 2025. Kena Betancur | Afp | Getty ImagesThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Shopping aroundMacy’s beat Wall Street’s top- and bottom-line expectations for the third quarter this morning, posting its strongest growth in more than three years. The department store operator’s results are only one of several recent data points investors have received on the state of the U.S. consumer.Here’s what to know:Despite the strong results,…

It has become clear that horrific atrocities are not a thing of the past; war crimes can be committed by modern armies using AI and other advanced technologies. A case in point is Gaza, where Israel is carrying out genocide, ethnic cleansing, mass destruction, and a campaign of starvation – all without losing its extensive partnerships with western democracies and “human rights champions”. And Israel’s accumulated expertise is now available to the world; a practical guide to committing genocide in the 21st century. The essential challenge it addresses is how to make the world coexist with a genocide that is…

A Fortec adaptive reuse project in Barrington, Illinois.Courtesy: FortecA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.Rising demand from parents for early education is causing a boom in a small but fast-growing subsector of commercial real estate. The sector is so undersupplied that it’s increasingly attractive to both developers and investors. The U.S. child-care market is currently valued…

Traffic on Interstate 80 in San Pablo, California, US, on Wednesday, Nov. 26, 2025. David Paul Morris | Bloomberg | Getty ImagesThe White House will announce new fuel economy standards on Wednesday, according to administration sources. The Trump administration will propose rolling back the standards implemented by former President Joe Biden last year, sources told Reuters. Biden required passenger cars and light trucks to have a fuel efficiency of about 50 mpg by 2031. President Donald Trump is scheduled to make an announcement at 2:30 p.m. ET from the Oval Office. Executives from Ford, General Motors and Stellantis are expected…

Dani Olmo will be out for around a month after dislocating his shoulder while scoring the second goal in Barcelona’s 3-1 win against Atlético Madrid on Tuesday.Olmo, 27, fell awkwardly, unchallenged, as he turned past Jan Oblak in the 65th minute to give Barça the lead for the first time in the match.The Spain international was substituted immediately and tests at the club’s training ground on Wednesday confirmed he has dislocated his shoulder.Dani Olmo dislocated his shoulder on Tuesday. Fran Santiago/Getty ImagesHe will miss Barça’s four remaining fixtures in 2025, which are against Real Betis, Eintracht Frankfurt, Osasuna and Villarreal.LaLiga then…

Aston Villa and Argentina goalkeeper Emiliano “Dibu” Martínez has said he is already fired up about playing at the 2026 World Cup.Argentina will enter the expanded tournament to be staged in the United States, Mexico and Canada as defending champions, after lifting the 2022 trophy in Qatar, where Martinez made several stunning saves in shootout wins over the Netherlands in the round of eight and over France in the final.Dibu Martínez is Argentina’s undisputed No. 1 goalkeeper. Harry Murphy – AVFC/Aston Villa FC via Getty ImagesSpeaking ahead of Friday’s draw, Martínez said of the World Cup via videoconference during an Argentinian…

Levi Strauss CEO Michelle Gass was out for a run in San Francisco last March when she first heard the song “Levii’s Jeans” from Beyonce’s latest album, “Cowboy Carter.” “Literally, I got chills,” Gass recounted to CNBC, adding the name-check represented a “once in a lifetime” marketing opportunity she couldn’t afford to squander. “She is one of the most celebrated and influential artists of our time. … We asked the question, ‘Could there be something more?'” Six months later, Levi announced Beyonce would star in a new global marketing campaign. Then, a pattern that’s repeated itself since Levi invented blue jeans more…

Homes in Hercules, California, US, on Wednesday, Nov. 12, 2025. David Paul Morris | Bloomberg | Getty ImagesAfter rising for several weeks, mortgage rates moved decidedly lower last week, but not enough to make much of a difference in demand from current borrowers or potential homebuyers. Total mortgage application volume fell 1.4% for the week, according to the Mortgage Bankers Association’s seasonally adjusted index. An additional adjustment was made for the Thanksgiving holiday. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, decreased to 6.32% from 6.40%, with points falling to 0.58 from…

Puma has revealed the jersey that Portugal will wear at next summer’s FIFA World Cup, which is expected to be Cristiano Ronaldo’s last major tournament. PumaWith 42 of the 48 qualifiers now confirmed for Friday’s 2026 FIFA World Cup draw, we’re starting to see a cavalcade of kits released in preparation for the event, which will be staged in Canada, Mexico and the United States next summer.Hot on the heels of last month’s bulk release by Adidas, Puma is the latest manufacturer to unveil a batch of kits that its national teams will be wearing next year. On Wednesday, it released…

Macy’s on Wednesday beat Wall Street’s sales expectations for the third quarter in a row and posted its strongest growth in more than three years as the company’s turnaround strategy showed signs of momentum.The department store operator raised its full-year sales and earnings outlook after its better-than-expected fiscal third quarter. The retailer now expects adjusted earnings per share of between $2 and $2.20, up from its previous expectation of $1.70 to $2.05, and net sales of $21.48 billion to $21.63 billion, compared with its prior outlook of $21.15 billion and $21.45 billion.Macy’s said it expects flat to roughly 0.5% comparable…