Saks CEO steps down as luxury retailer struggles under heavy debt load
Saks CEO steps down as luxury retailer struggles under heavy debt load Saks Global Enterprises, which operates Saks Fifth Avenue and Neiman Marcus, said Friday its CEO Marc Metrick stepped down, effective immediately ByThe Associated Press January 2, 2026, 12:51 PM 1:21 FILE – Saks Fifth Avenue President Marc Metrick poses for a portrait inside […]
Tesla loses world’s biggest electric vehicle maker title as sales fall for 2nd year
Tesla loses world’s biggest electric vehicle maker title as sales fall for 2nd year Tesla lost its crown as the world’s bestselling electric vehicle maker on Friday as a customer revolt over Elon Musk’s right-wing politics and stiff overseas competition pushed sales down for a second year in a row ByThe Associated Press January 2, […]
Shares are higher in Asia in an upbeat start to the new year
Shares are higher in Asia in an upbeat start to the new year Asian shares have begun the new year with an upbeat start, led by a 2% gain for Hong Kong’s Hang Seng index ByELAINE KURTENBACH AP business writer January 1, 2026, 11:39 PM 1:21 Dancers in a bull-shaped costume perform to celebrate the […]
China Vanke’s near-default exposes fragility of the faltering recovery in the property industry
China Vanke’s near-default exposes fragility of the faltering recovery in the property industry China Vanke, once the country’s largest homebuilder, narrowly avoided defaulting on a $284 million debt last week as the painfully slow recovery in China’s property market drags on ByCHAN HO-HIM AP business writer December 30, 2025, 11:37 PM 1:21 The Vanke logo […]
California delays revoking 17,000 commercial driver’s licenses until March after immigrants sue
California delays revoking 17,000 commercial driver’s licenses until March after immigrants sue California has announced plans to delay the revocation of 17,000 commercial driver’s licenses until March, but Transportation Secretary Sean Duffy said the state could lose $160 million if it does that ByJOSH FUNK AP transportation writer December 30, 2025, 7:04 PM 1:21 FILE […]
Average US long-term mortgage rate falls to the lowest level of the year at 6.15%
Average US long-term mortgage rate falls to the lowest level of the year at 6.15% The average rate on a 30-year U.S. mortgage fell to its lowest level of 2025 this week, an encouraging sign for prospective home buyers ByMATT OTT AP business writer December 31, 2025, 12:05 PM 1:36 FILE – A sign is […]
Channel Tunnel power malfunction fixed, but rail delays linger
Channel Tunnel power malfunction fixed, but rail delays linger Trains through the Channel Tunnel between Europe and the UK are running again after power malfunctions caused travel chaos ByThe Associated Press December 31, 2025, 4:07 AM 1:36 Travellers wait for Eurostar services at St Pancras International station in London, Tuesday, Dec. 30, 2025. (AP Photo/Alberto […]
Bulgaria to become the 21st country to join the euro, deepening EU ties despite fears
Bulgaria to become the 21st country to join the euro, deepening EU ties despite fears Bulgaria is joining the euro on New Year’s Day ByVESELIN TOSHKOV Associated Press and DAVID MCHUGH Associated Press December 31, 2025, 3:40 AM 1:36 People stand at a currency exchange office with a poster reading “Did you exchange your levs […]
Iran appoints new central bank governor after record currency fall and mass protests
Iran appoints new central bank governor after record currency fall and mass protests Iran has appointed a new central bank governor after the former one resigned following a record currency drop against the U.S. dollar ByThe Associated Press December 31, 2025, 4:34 AM 1:36 TEHRAN, Iran — Iran on Wednesday appointed a new governor to […]
China factory activity picks up in December as orders rebound ahead of holidays
China factory activity picks up in December as orders rebound ahead of holidays Surveys show that Chinese factory activity expanded for the first time in eight months in December, as orders picked up ahead of holidays and builders rushed to finish projects ByELAINE KURTENBACH AP business writer December 31, 2025, 12:49 AM 1:36 A vendor […]
