Saks Global files for bankruptcy amid luxury market strains
CNN
Saks Global, the parent company of luxury retailer Saks Fifth Avenue, filed for bankruptcy protection late Tuesday, according to court documents filed in US Bankruptcy Court in Houston, Texas.
Wegmans, the supermarket chain known for its cult-like following, angered some loyalists after revealing it uses facial recognition technology at New York City stores.
Last January, Meta CEO Mark Zuckerberg said he was eager to have an ally in the White House to go after foreign regulations “pushing” American tech firms “to censor more” content.
Greenland’s untapped mineral wealth has landed the island at the top of President Donald Trump’s empire-building wish list.
Elon Musk’s Grok has been blocked by Indonesia and Malaysia, the first countries to do so after the AI tool’s “digital undressing” function flooded the internet with photos of women and minors in obscene manipulated images.
Federal prosecutors have opened a criminal investigation into the Federal Reserve’s $2.5 billion renovation of its headquarters in Washington, DC.
The United States attacked Venezuela and President Donald Trump is threatening to take Greenland “the hard way.” All the while, the US has an uncertain economic outlook and a weak jobs report.
President Donald Trump, like any politician whose polling is in the gutter, is desperate for a villain — any villain — to blame for America’s affordability woes. Enter Wall Street.
Venezuela is home to the world’s largest reported oil reserves. The country’s other commodities have also caught the Trump administration’s attention.
As President Donald Trump piled on new tariffs last year, many economists quickly warned that prices and unemployment would spike. With most of the 2025 economic results in, it’s looking like those forecasters get partial credit.
AI once again dominated CES, where companies from around the world gathered to flaunt new technologies. It’s where tech giants like Nvidia, Samsung, and Amazon made their case for the role AI will play in how people live and work, despite concerns of an AI bubble.
Elon Musk’s Grok chatbot has limited some aspects of its Imagine image generation features to paid subscribers on X, days after international uproar over the AI tool “digitally undressing” people, including children, upon user requests on X.
The food pyramid is getting turned upside down, with protein and dairy gaining more prominence in the suggested American diet. Sugar and processed foods are getting shunned even more with warning labels.
On Friday at 8:30 a.m. ET, the Bureau of Labor Statistics will release the latest snapshot on the health of the US labor market – and economists’ estimates vary wildly over what we should expect for the final jobs report of 2025.