Your Daily Dose of Fresh, Reliable News.
Macy’s Fourth Quarter Results: Surprising Profits Amidst Sales Struggles The latest financial report from Macy’s has sent ripples through Wall Street, revealing a mixed bag of results for the fourth quarter. While the company reported a surprising net income of $342 million, or $1.21 per share, for the three-month period ending February 1, 2023, sales…
Bitcoin Faces Turbulence Near $90K Bitcoin ETFs are currently limiting BTC’s recovery as institutional investors pull back, reacting to macroeconomic uncertainties, including Trump’s trade tariffs. The cryptocurrency’s recent rally above the critical psychological threshold of $90,000 has proven to be short-lived. Analysts attribute this downturn to ongoing macroeconomic uncertainties and a significant reduction in institutional…
Macy’s 2025 Sales and Profit Forecasts (Reuters) – In a significant announcement on Thursday, Macy’s projected its annual sales and profit for 2025 to fall below Wall Street’s expectations. This forecast aligns with a broader trend among U.S. retailers, who are grappling with soft consumer demand amid ongoing economic uncertainty. Economic Factors Impacting Retail The…
Taiwan’s President and TSMC CEO Address Investment Concerns. (Bloomberg) — Taiwan Semiconductor Manufacturing Co. (TSMC) is making headlines as its Chief Executive Officer, C.C. Wei, reassures the Taiwanese public regarding the company’s substantial $100 billion investment in the United States. During a joint briefing with Taiwan’s President Lai Ching-te, Wei emphasized that this investment will…
Wall Street Faces Turbulence as Tech Earnings Disappoint (Bloomberg) — Stock futures indicated a significantly weaker opening for Wall Street, as rising global bond yields, escalating trade-war fears, and disappointing tech earnings unsettled markets. Contracts on the Nasdaq 100 fell by 1.2%, while those on the S&P 500 dropped by 1%. Marvell Technology Inc. saw…
Scientists Discover Ancient Lake in Turkey: A Stunning Mars Analog Editor’s Note: This CNN Travel series is, or was, sponsored by the country it highlights. CNN retains full editorial control over subject matter, reporting and frequency of the articles and videos within the sponsorship, in compliance with. Extraordinary to look at, peaceful and surrounded by…
A Market Rebound and Mixed Reactions. A pair of posts by President Donald Trump regarding his plans for a US crypto reserve triggered a significant marketwide rebound in cryptocurrencies on March 2. The global market capitalization surged nearly 7%, reaching $3.04 trillion, according to Cointelegraph. However, a closer examination reveals that the concept of a…
Solana Co-Founder Rejects US Crypto Reserve, Cites Decentralization Risks. In a bold statement, Solana co-founder and CEO Anatoly Yakovenko has expressed his preference for a ‘no reserve’ approach to US cryptocurrency management. He argues that government control could jeopardize the core principles of decentralization that underpin the crypto ecosystem. On March 6, Yakovenko took to…
BP CEO Murray Auchincloss’s Pay Package Falls to £5.4 Million. LONDON (Reuters) – In a significant shift, BP’s CEO Murray Auchincloss reported an annual compensation of £5.4 million ($6.95 million) for the year 2024, according to the company’s latest annual report released on Thursday. This figure marks a notable decrease from the £8 million he…
Klarna’s Upcoming $1 Billion IPO: What You Need to Know (Bloomberg) — Klarna, the prominent payments business, is gearing up to raise at least $1 billion through a US initial public offering (IPO) and is expected to file publicly as soon as next week, according to sources familiar with the situation. The company aims to…
