Saks Global Files for Bankruptcy Amid Luxury Retail Strains
Saks Global, parent of Saks Fifth Avenue, files for bankruptcy protection. Explore the deep dive into luxury retail’s challenges, debt, and the future of department stores.
Finance
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Trump Declares USMCA Trade Pact ‘Irrelevant’ for US
Former President Trump stated the USMCA trade deal is now irrelevant for the United States, raising questions about future trade policy direction.
Stocks Hit Record Highs Amid Fed Independence Concerns
US stocks, including the S&P 500 and Dow, reached new record highs Monday, largely shrugging off a criminal investigation into Federal Reserve Chair Jerome Powell.
Bitcoin Tumbles Amidst Fed Rate Cut Scrutiny, Citi Reaffirms $143k Target
Bitcoin faces volatility as it slides towards $90,000, while analysts at Citi maintain a bullish $143,000 projection. Fed rate cut speculation adds to market uncertainty.
Betterment Users Targeted by Unauthorized Crypto Scam Message
Financial app Betterment alerted users to ignore a suspicious notification promising to triple crypto investments after sending $10,000 to Bitcoin and Ethereum wallets.
Ellen DeGeneres’s Montecito Return Signals Shifts in Luxury Market
Analysis of Ellen DeGeneres and Portia de Rossi’s $27.4 million Montecito mansion purchase, linking it to broader trends in celebrity real estate and political sentiment.
Ameren Utility Rates Skyrocket As Fake Aid Masks Corporate Greed
Investigation into Ameren’s 2026 ‘assistance’ programs reveals a PR smoke screen for electricity price hikes outpacing national inflation rates.