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Macy’s shutters stores, Apple’s pivot, Google’s Gemini fail and Tesla’s new model

Ken Fisher, chairman and founder of Fisher Investments, argued during an appearance on “Berney & Co.” that it’s important for investors to keep an eye on global inflation numbers. — S&P 500, Nasdaq set new records.Bitcoin approaches all-time highs — Macy’s closes more than 100 stores across the U.S. — Gemini explosion hits Google — […]

Major drug stores start selling abortion pill some say is ‘dangerous’ for women ahead of landmark SCOTUS case

The two largest U.S. drug chains will begin selling the abortion drug mifepristone this month, weeks before the Supreme Court hears arguments on the drug’s approval, which the Biden administration is defending. . CVS and Walgreens have completed the Food and Drug Administration’s (FDA) certification process to dispense mifepristone, the companies separately confirmed to Fox […]

Macy’s to Shutter 150 Stores Across U.S. in Huge Reorganization

Macy’s announced Tuesday that it plans to close about 150 stores across the United States as it reorganizes and refocuses its business. company explained NBC News reports that the plan is to close “less productive” stores to focus on selling luxury goods. “The closures will leave approximately 350 Macy’s stores, as well as Bloomingdale’s and […]

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 […]

More than 400 Starbucks workers at 21 stores seek to join union

More than 400 employees at 21 Starbucks stores filed a petition with the National Labor Relations Board (NLRB) on Tuesday asking them to join the Starbucks union. This is the largest single-day filing by Starbucks workers since the unionization drive began in 2021, the union said in a statement. in letter Workers told Starbucks CEO […]