Macy’s closing 45 more stores
Macy’s has notified employees at roughly 45 of its department stores that the locations will shut down later this year. The move is part of a plan announced by Macy’s …
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Oil tops $50 as Saudi Arabia steps up
OPEC+ unity and bad behavior by Iran conspired to drive West Texas Intermediate oil prices back above $50 a barrel today for the first time since February. In a twist, …
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US Treasury announces new sanctions on Iran’s steel industry
The U.S. announced a fresh wave of sanctions against Iran on Tuesday — this time aimed at 17 companies that supply the regime with materials for the steel industry. The …
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Democrats winning Georgia Senate runoffs could trigger 10% stock market sell-off, strategist says
If Democrats win both Senate runoffs in Georgia on Tuesday, securing control of the two chambers of Congress, it could trigger a 10% stock market sell-off. That’s according to Oppenheimer …
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Chuck E. Cheese’s parent company exits bankruptcy: report
Chuck E. Cheese’s parent company has reportedly exited bankruptcy after completing a financial restructuring and paying off $705 million in debt. CEC Entertainment filed for bankruptcy in June 2020, citing …
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Why Kurt Cobain’s ’90s cardigan is trending as WFH style
On Nov. 18, 1993, Nirvana frontman Kurt Cobain ambled onto a stage at New York’s Sony Music Studios to perform on “MTV Unplugged.” Perched on a chair in a mohair, …
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Neil Young becomes latest artist to sell stake in his songs
Neil Young has become the latest musician to strike gold with his song catalogue, selling a 50 percent stake in his music to a British investment company in a deal …
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