Fashion Retailers Sales Higher
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New York City cracks down on retail theft
Manhattan District Attorney Alvin L. Bragg, Jr. announced Wednesday that more than $1 million in stolen goods headed for resale were recovered as part of an indictment targeting a retail theft operation. Lilia Luciano has more.CBS News - Top stories - New York -
Organized retail theft ring that targeted Macy's, other retailers is charged in New York
Two New Yorkers were charged with possessing and reselling more than $1 million in stolen goods through their business in Midtown Manhattan.CNBC - Business - New York -
Alstom to Cut Costs, Forecasts Higher Profits
Alstom said adjusted earnings rose 17% with an improved margin and guided for further profit growth in 2025, as it looks to cut overheads and procurement costs.The Wall Street Journal - Business -
Dow Edges Higher, Nasdaq Slips; Uber, Lyft Shares Diverge
U.S. stocks were mixed as first-quarter earnings season nears its end.The Wall Street Journal - World -
10-year Treasury yield finishes higher for first time in six sessions
Yields on U.S. government debt closed higher on Wednesday after lackluster demand at a 10-year-note auction left the Treasury market’s selling momentum intact.MarketWatch - Business -
USD/SGD Steady; Higher Treasury Yields May Offer Support
USD/SGD traded steadily in the Asian session but could be supported by higher Treasury yields.The Wall Street Journal - World -
Oil prices end higher after dipping to eight-week lows as U.S. crude supplies fall
Oil futures settled higher on Wednesday, finding support after a brief dip to their lowest levels in about eight weeks, as U.S. government data showed an unexpected weekly decline in domestic crude inventories.MarketWatch - Business -
The Powell paradox: How the Fed chair’s words keep interest rates higher for longer
The Federal Reserve must closely monitor the impact of its public statements on market expectations and price levels, adjusting its communication strategy accordingly.The Hill - Politics - Federal Reserve -
Credit scores got ‘artificially higher’ during COVID. Now many borrowers can’t pay their debts.
Pandemic-era policies appear to have produced “artificially higher” consumer credit scores, according to Columbia Threadneedle.MarketWatch - Business -
Toyota projected a drop in fiscal-year profit on higher costs and announced a share buyback after posting stronger fourth-quarter net profit.
Toyota projected a drop in fiscal-year profit on higher costs and announced a share buyback after posting stronger fourth-quarter net profit.The Wall Street Journal - World