Latest in British retail faces a reckoning as 232 year old chain looks to sell its high street stores
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Victoria’s Secret taps retail veteran as new CFO, but stock sells off
Victoria’s Secret is facing customers who are dealing with higher costs for more pressing needs.MarketWatch - 14h -
WH Smith High Street sales fall amid talks to sell stores
High street sales dropped 6% in the 21 weeks to January 25, the retailer said.BBC News - 17h -
Heathrow expansion plan faces sky high challenges
Scale and cost of construction could pose bigger barrier than political oppositionFinancial Times - 2d -
DeepSeek Prompts a Reckoning Across Wall Street and Silicon Valley
The fast-growing popularity of the Chinese artificial intelligence software hit shares in tech giants like Nvidia, as Silicon Valley worried about what comes next.The New York Times - 2d -
British retail faces a reckoning as 232-year-old chain looks to sell its high street stores
British retailer WH Smith is looking to sell its historic high street business to focus on its travel store unit in the latest hit to the U.K.'s retail industry.CNBC - 2d -
WH Smith in talks to sell high street stores
The business says it is exploring a possible sale as its travel retail business arm accounts for most of its profits.BBC News - 4d -
Wall Street Banks Prepare to Sell Billions of Dollars of X Loans
Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.The Wall Street Journal - 5d -
Retail Closures Surged in 2024, and Could Double to 15,000 This Year
Experts say the rise in store shutterings is driven by rising online retail sales and consumers converging on big one-stop-shopping chains and platforms.Inc. - 5d -
Old Smartphones Loaded With TikTok Selling for Thousands
People are selling old phones with TikTok installed for as much as $50,000, and the boom is growing, as Google and Apple have removed the app from their online stores.Inc. - 5d -
Need some help facing the year ahead? Here are some dates to look forward to | Fiona Katauskas
Why not make a day (or week) of it?. See more of Fiona Katauskas’s cartoons here Continue reading...The Guardian - 5d -
GE Aerospace looks to ‘compound’ investor returns. Stock soars to 18-year high.
GE Aerospace said that it plans to buy back $7 billion in stock and raise dividends by 30% this year.MarketWatch - 6d -
'In every street there are dead': Gaza rescuers reckon with scale of destruction
Gaza's Civil Defence agency said it feared there were more than 10,000 bodies still buried under rubble.BBC News - Jan. 21 -
'The Sound of Music' turns 60 this year. Salzburg has plenty in store for fans
Salzburg, Austria, is celebrating the 60th anniversary of the release of "The Sound of Music" film with special exhibitions, tours and performances in 2025.CNBC - Jan. 20 -
Santander considers UK exit amid frustrations with high street banking
Spanish group reviewing its presence in the country as returns lag other marketsFinancial Times - Jan. 18 -
Face the facts: America has outsourced military supply chain to China
The U.S. military is increasingly dependent on Chinese suppliers for critical components, giving Beijing unprecedented leverage and the ability to manipulate or shut down exports on which the ...The Hill - Jan. 17 -
The Great British bond sell-off is ending for the worst possible reason. U.S. yields are following.
Britain’s debt turmoil was easing in a dramatic way on Friday after data showing U.K. retail sales actually fell during the busiest shopping month of the year.MarketWatch - Jan. 17 -
British retail sales unexpectedly drop in December
Pound falls and gilts rally as investors bet on more interest rate cutsFinancial Times - Jan. 17 -
Amazon lays off about 200 employees in its stores unit
The cuts are focused in Amazon's core retail unit, which spans a wide range of businesses, including fashion and fitness, Prime and private label brands.CNBC - Jan. 16 -
A British lawmaker pleads guilty to assaulting a man in the street
A British lawmaker has pleaded guilty to beating a man in a street during an incident captured on videoABC News - Jan. 16 -
83-year-old woman's lottery winnings stolen as man attacks her in store parking lot
Police are hunting for a man who was caught on camera violently robbing an 83-year-old woman of her lottery winnings shortly after claiming them from a convenience store.ABC News - Jan. 16 -
‘The ghosts are everywhere’: can the British Museum survive its omni-crisis?
Beset by colonial controversy, difficult finances and the discovery of a thief on the inside, Britain’s No 1 museum is in deep trouble. Can it restore its reputation?. The British Museum is ...The Guardian - Jan. 16 -
British Airways owner’s transatlantic focus lifts shares to post-pandemic highs
Airline group doubles down on premium business between Europe and USFinancial Times - Jan. 14 -
Retailers post early holiday results — and Wall Street isn’t impressed
Lululemon, Abercrombie & Fitch and American Eagle all hiked their holiday guidance, but Abercrombie's growth is slowing.CNBC - Jan. 13 -
Apple Faces $1.8 Billion Lawsuit in U.K. Court Over App Store
Lawyers representing the class action said that Apple excluded potential rivals from competing for customers on devices running its iOS operating system by forcing developers to sell their apps ...The Wall Street Journal - Jan. 13 -
Apple to face court over claims it overcharged UK users on App Store
Class action alleges company is abusing its dominant position in the app market and 30% fee breaches laws. Business live – latest updates Apple will appear in court on Monday accused of ...The Guardian - Jan. 13 -
Iran Races to Sell Oil Stored in China
Tehran has shipped out nearly 3 million barrels to raise money that could be used to shore up its allied militias in the Middle East.The Wall Street Journal - Jan. 11 -
Macy's will close 66 stores this year. Here is where they are.
Macy's has released a list of the more than 60 underperforming stores it is closing in 2025.CBS News - Jan. 10 -
Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail
Wayfair, an early e-commerce disruptor, wants to focus more on physical retail and has decided to exit the German market and cut 730 jobs as a result.CNBC - Jan. 10 -
Amazon aims to expand advertising business by letting retailers use its ad tools on their stores
Amazon Retail Ad Service will allow sites to show "contextually relevant ads in the right place and at the right time" in search results, the company said.CNBC - Jan. 9 -
This 77-year-old climate activist should never have been jailed – and now faces a Kafkaesque struggle to get out | Zoe Williams
A failure of justice, and draconian Tory law, put Gaie Delap in prison. A failure of government is keeping her there. Gaie Delap will turn 78 on Friday, in Eastwood Park prison, Gloucestershire. ...The Guardian - Jan. 9 -
Wall Street’s riskiest stocks are melting down as retail traders face ‘day of reckoning’
Retail traders who had developed a taste for gambling on speculative stocks were facing a day of reckoning on Wednesday as many of their favorite trades suffered a startling meltdown.MarketWatch - Jan. 9 -
Britain’s retail ‘boomer’ chains are making a comeback
Youth is wasted on the young with 160-year-old Next showing a steady cash flow despite rising costsFinancial Times - Jan. 8 -
Carvana gets its first upgrade since Hindenburg short-selling report
Carvana, the online used-car retailer that last week was the target of a short-selling research report, got its first broker upgrade since then which says the controversy has sparked a buying ...MarketWatch - Jan. 7 -
ZKcandy raises $4M for its gaming-focused Layer 2 chain
ZKcandy has closed a $4 million private round of funding to put towards building an ecosystem around its gaming-focused Layer 2 chain.VentureBeat - Jan. 7 -
Who collaborated with the Nazis? 425,000 suspects named as one country reckons with its WWII past
The Netherlands has named 425,000 people suspected of collaborating with the Nazis during World War Two as part of The Huygens Institute’s “War in Court” project,NBC News - Jan. 5 -
39-year-old's cannabis business brings in $800,000 a month—16 years after he went to prison for selling drugs
In 2023, Coss Marte opened the first adult-use cannabis dispensary on Manhattan's Lower East Side — the same neighborhood where he once sold drugs illegally.CNBC - Jan. 4 -
Netflix’s stock is still a sell and looks ‘overvalued in a momentum market’
Netflix Inc.’s stock was flat Friday after Benchmark analysts reiterated their sell rating on the stock even as they raised their price target by 30%, arguing that it’s looking overvalued in a ...MarketWatch - Jan. 3 -
China Reckons With Years of Excess
Overindebtedness, overbuilding and overcapacity are causing problems at home and abroad.The Wall Street Journal - Jan. 1