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Macy’s to close 150 stores — 30% of chain — as new CEO takes helm

Macy’s has announced it will close 150 stores, or about 30% of its American chain, as the department store giant increases its focus on luxury goods under a new chief executive. The company said in a Tuesday filing that the planned closures over the next three years will free up up to $750 million worth […]

Macy’s to close 150 stores by 2026, open new Bloomingdale’s, Bluemercury locations

Ted Oakley, managing partner at Oxbow Advisors, weighs projected earnings, Fed interest rates and a possible Congressional ban on shopping app Temu. Macy’s plans to close about 150 stores over the next three years as part of a strategic shift to focus on upscale chains Bloomingdale’s and Blue Mercury. The company publicly announced the change […]

Soaring temperatures could shatter over 300 temperature records to close out February

Unseasonably warm temperatures will continue to spread across much of the United States this week, with highs from Texas to the Midwest likely to feel more like May than the end of a meteorological winter. Hundreds of temperature records, including record highs and record-warmest lows, are expected to fall by midweek, with Monday and Tuesday […]

Biden’s Approval Rating Close to all-Time Low at 38%

A Gallup poll released Friday showed President Joe Biden’s approval rating fell to 38% in February, leaving him just 1 percentage point shy of an all-time low. This number is well below the 50 percent threshold normally required for incumbents to achieve reelection. Biden also has below-average approval ratings for his responses to five key […]

Veterans Group Works to Close Border Wall Gaps near San Diego

To slow the growing flow of migrants into the United States from Mexico, a small group of military veterans entered the mountains east of San Diego and installed bellows wire in a small gap in the border wall. The group of veterans, who call themselves “Border Veterans,” included current U.S. House candidate Kate Monroe, who […]