Saks files for bankruptcy as luxury market struggles
The company that owns the iconic luxury retailer Saks Fifth Avenue filed for bankruptcy late Tuesday. The move comes after Saks Global struggled
Economy
Investing
ASX 200 Index and AUD/USD forecast as Australia inflation spikes
The ASX 200 Index retreated in the last two consecutive days, while the AUD/USD exchange rate rose to the highest level in years
Economy
Valentino, founder of Italian luxury empire, dies at 93
ROME — Italian fashion designer Valentino Garavani has died, his foundation said Monday. Usually known only by his first name, Valentino was 93,
Economy
Trump sues JPMorgan Chase and CEO Jamie Dimon for $5B over alleged ‘debanking’
President Donald Trump on Thursday filed a $5 billion lawsuit against JPMorgan Chase and its CEO Jamie Dimon, claiming that the bank improperly
Economy
Amazon slashes another 16,000 jobs
Amazon said Wednesday it was slashing another 16,000 jobs across the company in an ongoing bid to restructure the sprawling trillion-dollar firm. ‘The
Investing
Morning brief: Asia markets diverge as gold hits records, Dollar slides
Global markets delivered a mixed picture on Wednesday, with Asia-Pacific stocks diverging from Wall Street’s record-setting close, commodities surging to fresh highs, currencies
Economy
Elon Musk’s SpaceX acquires xAI
SpaceX on Monday acquired xAI, the artificial intelligence startup that also owns the X social media platform, in a deal combining two companies
Economy
The architect of Amazon’s supply chain on running a startup with your spouse
For at least two decades, former Amazon executive Dave Clark ended his work week the same way: a standing Friday date night with
Economy
Trump administration alleges Nike discriminated against white workers
The U.S. Equal Employment Opportunity Commission said Wednesday that it is investigating Nike for allegedly discriminating against white workers. The agency that polices
Investing
USD/ZAR forecast as South African rand rally gains steam ahead of Fed, SARB
The USD/ZAR exchange rate continued its strong downward trend, reaching its lowest level since June 2022. It has dropped in the last eleven