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Saks Global to Close Nine More Stores
Saks Global said Tuesday it is closing nine more stores as the high-end department store conglomerate looks to focus on more profitable locations.
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Bizarre Media Enthusiasm for Bad Bitcoin News
Bitcoin - like many other asset classes has been under pressure in recent weeks - but no other asset class is receiving the unbridled cheer from sections of the global financial media when prices fall.
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Vatican Bank, Morningstar to Launch Catholic Stock Indexes
The Vatican bank has joined with Morningstar to launch two new equity indexes for stocks aligned with Catholic values, the two entities said Tuesday, in an unusual collaboration between the Vatican and the financial sector.
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EPA to Rescind 2009 Climate Endangerment Finding
The Trump administration is expected this week to revoke a scientific finding that long has been the central basis for U.S. action to regulate greenhouse gas emissions and fight climate change, according to a White House official.
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New York Fed: US Household Credit Troubles Worsen
Overall credit troubles in the U.S. increased modestly during the fourth quarter as some parts of the mortgage market saw accelerated fraying, amid ongoing difficulties for student loan borrowers, the New York Federal Reserve said in a report released Tuesday.
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Zuckerberg Joins Billionaire Rush to Florida With Indian Creek Mansion Deal
As California weighs a proposed 5% billionaire tax, tech mogul Mark Zuckerberg has become the latest ultra-wealthy executive to plant a flag in Florida - snapping up a lavish waterfront home in one of Miami's most exclusive enclaves, The Wall Street Journal...
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HUD Secretary to Newsmax: 5M Borrowers See Mortgage Relief
Falling mortgage rates have already helped more than 5 million Americans, while housing affordability is of "utmost importance" to President Donald Trump, Housing and Urban Development Secretary Scott Turner said Tuesday on Newsmax.
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Paramount Sweetens Warner Bid With 'Ticking Fee'
Paramount said Tuesday it sweetened its $30-per-share all-cash offer for Warner Bros. Discovery by adding a "ticking fee" of $0.25 per share per quarter if the deal doesn't close by Dec. 31, 2026, according to Reuters and the company's new statement.
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Retail Sales Close Out Year on Lackluster Tone in Dec.
Shoppers pulled back the pace of their spending in December from November, closing out the holiday shopping season and the year on a lackluster tone.
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New York City Private School Tuition Tops $70,000
Private school tuition in New York City is hitting a new and eye-popping benchmark: more than $70,000 a year, putting some K-12 schools well above the price of elite colleges, Bloomberg reports.
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Desperate Job Market Has Workers Paying Recruiters
Finding a job has become so difficult that some candidates are flipping the script - paying recruiters to land them work instead of the other way around, The Wall Street Journal reports.
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Left-Leaning Media Sneers as 'Melania' Surges
The reviews are in, and the left-leaning media absolutely hate "Melania." The biography featuring first lady Melania Trump debuted Jan. 30, offering viewers an inside look at the final 20 days leading up to President Donald Trump's January 2025 inauguration.
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Morning Bid: Yen Lift, Dollar Drift
The dollar is back on the slide this week, even as some confidence returns to the broader stocks universe, with tech shares rallying and MSCI's all-country index jumping to new records.
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US Stock Futures Pause After Tech Rebound
U.S. stock index futures remained muted Tuesday following a sharp rally in the previous session as tech stocks bounced off a bruising rout, with investors looking out for retail sales numbers that kick off a series of key data releases this week.
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Apple Watch May Miss Seniors' High Blood Pressure
A new feature of the Apple Watch allows the device to passively track blood flow and notify users they might have high blood pressure. However, folks who don't receive such a warning from their smartwatch should not assume their blood pressure is healthy, a new study...
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Landmark Trial on Kids' Social Media Addiction Begins
The world's biggest social media companies face several landmark trials this year that seek to hold them responsible for harms to children who use their platforms. Opening statements in one such trial in Los Angeles County Superior Court began on Monday.
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Trump Houses: A New Path for First-Time Home Buyers
For most Americans, the foundation of wealth-building is rooted in homeownership.
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FDA: Novo Nordisk's Obesity Pill Ad Is Misleading
The Food and Drug Administration has warned Novo Nordisk that a television advertisement promoting its newly launched Wegovy pill for obesity contains "false or misleading" claims, saying the spot misbrands the drug and violates federal law, CNBC reported Monday.
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Wall St Advances as Tech Bounces Further Off Losses
The S&P 500 and the Nasdaq gained after a shaky start Monday, as technology stocks found their footing following last week's AI-sparked selloff, while investors waited for key economic data that could shed light on the Federal Reserve's interest-rate path.
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Marine Corps Sets Gold Standard With Third Straight Clean Audit
The U.S. Marine Corps has passed a clean financial audit for the third consecutive year, marking what officials are calling a three-peat of fiscal accountability, Newsmax National Security Correspondent Carla Babb has confirmed.
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Target to Lay Off 500 Employees
Target is stepping up store staffing, but eliminating about 500 jobs in distribution centers and regional offices, CNBC reported Monday, citing an internal memo.
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Sen. Kennedy Urges Senate Action on Cost of Living
Sen. John Kennedy, R-La., said he has "begged" Majority Leader John Thune, R-S.D., to "please bring bills to address the cost of living in America," warning that working families are being crushed while Washington focuses on the wrong priorities.
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Anthropic CEO Loathes US Power In Name of 'Safety'
AI will define the next era of global power. If people who are embarrassed by power are allowed to write the rules, America won’t lose because it moved too fast. We’ll lose because we were convinced to stand still.
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Social Security's Woes Mandate Long-Term Fix
Borrowing to sustain a program historically funded by workers risks undermining the pay-as-you-go principle upon which the program was founded. It adds to the national debt, shifting the burden to future generations. Social Security is too important to leave to chance.
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GOP House Edge Wobbles, Trump Economy Endures
The Trump economy is delivering growth and investment in artificial intelligence, rising real wages and booming stock prices and retirement account balances - yet many voters are unhappy.