In the wake of its Chapter 11 filing, Saks Global Enterprises is closing all Neiman Marcus Last Call locations and most Saks Off 5th stores, marking a dramatic retreat from the off-price sector as it refocuses on core luxury business.
Fundstrat's Tom Lee suggests the brutal crypto sell-off may be nearing its end, even as his firm Bitmine faces staggering paper losses on its massive Ethereum bet. The call comes amid a wider debate on the health of digital asset treasuries.
A critical week ahead for crypto markets as major corporate earnings coincide with key U.S. employment data, setting the tone for digital asset sentiment amidst a shifting macroeconomic landscape.
Sandra Harris is stepping down as CFO of Genesco, with CEO Mimi Vaughn taking on the role temporarily. The exit comes as the footwear retailer navigates a recent restructuring and revises its sales outlook amid challenging market conditions.
After a decade of development and multiple clinical setbacks, Sanofi's venglustat has met its primary goal in a Phase 3 trial for Type 3 Gaucher disease, offering new hope for neurological symptoms. The drug, however, failed a separate late-stage study for Fabry disease.
New federal data reveals a significant year-over-year jump in energy costs for November, with natural gas prices soaring and electricity rates climbing, squeezing household budgets amid fluctuating demand and generation patterns.
As Michelangelo's monumental fresco undergoes its first restoration in three decades, visitors to the Vatican will view a high-definition reproduction while conservators work to revive the masterpiece's original brilliance.
In a significant shift, Harvard College reports a nearly 7-point decline in 'A' grades awarded last semester, marking the first tangible result of a faculty-led campaign to restore meaning to academic evaluations and combat rampant grade inflation.
A broad crypto market sell-off has dragged AI-linked tokens to one of their steepest weekly declines in recent memory, erasing billions in value. Despite the price pain, key infrastructure projects in the decentralized AI and agent ecosystem continue to advance.
The enterprise software firm's unprecedented Bitcoin treasury position fell below its average cost basis over the weekend, marking a rare paper loss event, even as the company continues its aggressive acquisition strategy.
Alphabet's planned $13 billion investment in Waymo, valuing the self-driving unit at $110 billion, challenges the long-held view of its moonshot projects as mere financial drains and positions autonomous driving as a core future asset.
An international nuclear services firm moves forward with plans to seek regulatory approval for new power generation at the long-closed Kewaunee site, potentially revitalizing a key piece of Wisconsin's energy infrastructure.
A retrospective analysis reveals the staggering returns from Warren Buffett's key 2016 investments, with a stake in Apple vastly outperforming his own conglomerate and the broader S&P 500 index over ten years.
The iconic outdoor apparel brand Eddie Bauer is preparing to file for Chapter 11 bankruptcy and close its physical stores across the U.S. and Canada, marking a decisive shift to a digital-first future while retaining some international retail presence.
Tenet Healthcare has regained complete ownership of its revenue cycle management subsidiary Conifer, buying out CommonSpirit Health's minority stake in a deal valued at nearly $2.7 billion. The move signals Tenet's renewed commitment to the business and plans for significant AI investment.
For retirees facing Required Minimum Distributions (RMDs), converting a traditional IRA to a Roth can offer relief—but at a significant upfront tax cost. We analyze the long-term math and trade-offs for a 60-year-old with a $1.1 million portfolio, exploring whether staged conversions make financial sense.
The long-term agreement, extending to the late 2030s, centers on the joint evolution of ZF's flagship 8-speed automatic transmission for next-generation electrified vehicles, signaling deep collaboration in the auto industry's transition.
The Walt Disney Company's latest quarterly results surpassed Wall Street's modest expectations, yet its stock failed to rally. While its Experiences division continues to be a profit powerhouse and streaming turns a corner, broader challenges and a shrinking 'beat' margin leave investors watching for a catalyst.
The decentralized exchange's native token rallied following the announcement of a new proposal to introduce outcome-based contracts, a move seen as a direct challenge to established prediction market platforms.
While AI's role in headline-grabbing discoveries like AlphaFold is celebrated, Anthropic is forging a new path. Through partnerships with the Allen Institute and HHMI, the company is embedding Claude AI into the unglamorous, time-consuming groundwork of research—betting that efficiency gains in data analysis and coordination will compress decades of scientific progress.
