Majority of Saks OFF 5TH stores to close amid bankruptcy
Saks Global to shutter most OFF 5TH locations Saks Global has announced it will close all but 12 of its Saks OFF 5TH stores nationwide as part of its bankruptcy…
U.S. equity funds see strong inflows ahead of mega-cap earnings
Investors return to equity funds amid earnings optimism U.S. equity fund inflows surged in the week ending January 28, as investors positioned for upcoming mega-cap earnings despite concerns over President…
Trump taps ex Fed insider Warsh to lead world’s top central bank
Trump names Kevin Warsh as next Fed chair President Donald Trump has nominated Kevin Warsh Fed chair to lead the U.S. central bank after Jerome Powell’s term ends in May.…
China Lifts Sanctions on UK MPs After Starmer Xi Talks
China has lifted sanctions on six current members of the UK Parliament following high level talks between Prime Minister Sir Keir Starmer and Chinese President Xi Jinping. The move comes…
Kuaishou’s e commerce unit fined $3.8 million by Chinese regulator
Chinese regulator penalizes Kuaigou for multiple violations China’s market watchdog has fined Kuaigou, the e commerce unit of live streaming company Kuaishou Technology, 26.7 million yuan (about $3.8 million). Regulators…
Why the US Dollar Hit a Four Year Low and May Fall Further
The US dollar has dropped to its lowest level in four years, surprising traders who expected calm after a volatile 2025. Instead, fresh political tension and policy uncertainty have pushed…
Apple Acquires Israeli Audio AI Startup Q.ai
Apple has acquired Q.ai, an Israeli startup focused on artificial intelligence for audio technology. The company confirmed the deal on Thursday but did not reveal the purchase price. However, reports…
Ex-Labour MP’s Lobbying Firm Sparks Controversy Over VIP Access at Tech Summit
A lobbying company run by former Labour cabinet minister Jim Murphy has caused a stir after offering companies £30,000 to sponsor a tech event, including VIP dinner access and photo…
US Weekly Jobless Claims Fall as Labor Market Stays Steady
US weekly jobless claims dipped last week, showing layoffs remain low and the labor market is still holding firm. However, economists say hiring remains weak, which continues to make many…
First Brands Founder Patrick James and Brother Face Fraud Indictment in New York
Federal prosecutors in New York charged First Brands Group founder Patrick James and his brother Edward James with fraud, accusing them of misleading lenders out of billions of dollars before…
