Saks Files for Bankruptcy as Department Stores Fight for Survival

Saks Files for Bankruptcy as Department Stores Fight for Survival

The parent company of Saks, Neiman Marcus and Bergdorf Goodman struggled with debt, designers and customers in recent years.

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Mark Carney Heads to Beijing to Discuss Canada-China Relations as U.S. Outlook Darkens

Mark Carney Heads to Beijing to Discuss Canada-China Relations as U.S. Outlook Darkens

The prime minister is seeking new markets for Canadian goods and to mend relations with China after years of deep acrimony between the two nations.

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China Announces Record Trade Surplus as Its Exports Flood World Markets

China Announces Record Trade Surplus as Its Exports Flood World Markets

China’s surplus reached $1.19 trillion last year, a 20 percent increase from 2024, as Beijing kept the currency weak and pursued self-reliance to replace imports.

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Starlink Users in Iran Get Free Internet Access, Nonprofits Say

Starlink Users in Iran Get Free Internet Access, Nonprofits Say

Under a near-total communications blackout, users of Elon Musk’s satellite service have gotten online without paying, organizations that work on tech issues said.

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In a Risky Gambit, Trump Tries Brute Force to Lower Prices

In a Risky Gambit, Trump Tries Brute Force to Lower Prices

To assuage cost-weary voters and combat inflation, the president has resorted to a mix of threats and punishments, targeting companies and policymakers alike.

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Blowback Builds Over Criminal Investigation of Powell

Blowback Builds Over Criminal Investigation of Powell

Trump allies fear that the inquiry into the Fed chair could complicate the process of replacing him this year.

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Initial Obamacare Enrollment Drops by 1.4 Million as Expiring ACA Subsidies Drive Up Premiums

Initial Obamacare Enrollment Drops by 1.4 Million as Expiring ACA Subsidies Drive Up Premiums

That number could increase significantly as more consumers are faced with higher bills brought on by expiring premium subsidies.

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What to know about the report.

What to know about the report.

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Orsted Moves to Save Its U.S, Wind Farm Projects

Orsted Moves to Save Its U.S, Wind Farm Projects

Orsted’s C.E.O. says it plans to move quickly to complete a $6.2 billion wind farm off Rhode Island after a judge struck down President Trump’s bid to halt it.

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CPI Report Shows Food Prices Rose Sharply in December

CPI Report Shows Food Prices Rose Sharply in December

Beef, coffee and produce were among the items that surged in price, inflation data showed.

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Gourmet Magazine Is Back, as  Unsanctioned New Media

Gourmet Magazine Is Back, as Unsanctioned New Media

The defunct food publication is re-emerging as a newsletter, with new leadership and zero approval from its original owner.

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JPMorgan Made Less Money Last Year, Facing Pressure on Multiple Fronts

JPMorgan Made Less Money Last Year, Facing Pressure on Multiple Fronts

The nation’s largest bank earned $57 billion in 2025, and Jamie Dimon, its chief executive, said “the benefits of deregulation” would help in the future.

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The Powell Defense Grows

The Powell Defense Grows

Former Federal Reserve chiefs, Republican senators and — perhaps most important, many bond investors — raised concerns about an investigation into the bank’s leader.

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CPI Report Shows Inflation Remained Steady at 2.7% in December

CPI Report Shows Inflation Remained Steady at 2.7% in December

Surging grocery prices were offset by lower increases for appliances and vehicles in the last such report before the Federal Reserve meets to debate interest rates.

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