Macy’s may be bought by owner of Saks and Lord & Taylor – CNNMoney

Macy’s may be bought by owner of Saks and Lord & Taylor – CNNMoney

The latest Miracle on 34th Street for Macy’s could wind up being a sale of the company itself. Macy’s stock soared 10% Friday after the Wall Street Journal reported that Hudson’s Bay, the Toronto and New York-based parent company of Lord & Taylor and Saks Fifth Avenue, might be interested in buying the iconic retailer. […]

Fed Waiting to See Economic Results From Flurry of Trump Actions – Bloomberg

Fed Waiting to See Economic Results From Flurry of Trump Actions – Bloomberg

Like everyone trying to figure out where the U.S. economy is heading, the Federal Reserve is waiting to see what the whirlwind of executive orders and remarks from President Donald Trump mean for growth as they weigh the timing of the next interest-rate hike. U.S. central bankers left their benchmark lending rate unchanged on Wednesday […]

Japan policymakers reject Trump devaluation claims – Reuters

TOKYO Japanese policymakers hit back at U.S. President Donald Trump’s accusation of currency manipulation on Wednesday, stressing that Tokyo was abiding by a Group of 20 agreement to refrain from competitive currency devaluation. The dollar was on the defensive after Trump and trade adviser Peter Navarro criticized China, Germany and Japan, saying they were devaluing […]

Deutsche Bank Bill for Russia Mirror Trades Reaches $629 Million – Bloomberg

Deutsche Bank AG was fined $629 million by U.K. and U.S. authorities for compliance failures that saw the bank help wealthy Russians move about $10 billion out of the country using transactions that were likely thinly veiled attempts to cover up financial crime. The U.K. Financial Conduct Authority issued a 163 million-pound ($204 million) fine […]

Silent No More, Tech Leaders Fight Trump on Immigration Ban – Inc.com

“Nothing about this ban makes sense.” That’s Box CEO Aaron Levie, talking Saturday about the harsh anti-immigration policies enacted by the White House that have resulted in the detention of countless refugees, travelers and visa holders originating from predominantly Muslim portions of the world. Levie was one of the first prominent Silicon Valley CEOs […]

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