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Macy’s is closing 150 stores

New YorkCNN —  Macy’s is getting a new, smaller, but more luxurious look designed to turn around the troubled retailer and keep the century-and-a-half old brand relevant to rapidly changing demands from shoppers. First, Macy’s will have to downsize. The company is...

Capital One-Discover merger could put a bigger squeeze on credit card users, experts warn

Many of the largest credit card issuers already charge steeper rates than smaller ones. Capital One’s $35.3 billion deal to buy Discover is a long way from being completed. But consumer advocates and some lawmakers are already raising questions about how the proposed...

American Airlines is raising checked-luggage prices

New York CNN — Checking a bag on American Airlines will now cost you more than at every other major US airline. The carrier announced Tuesday that the price of the first checked bag on most flights is increasing to $40 for customers that didn’t prepay online. It will...

Spelman College receives historic $100 million donation, the largest single gift to any HBCU

One of the country's leading educational institutions for Black women in science, technology, engineering and math just became the recipient of the largest single donation ever given to a historically Black college or university, or HBCU, in the United States. Spelman...

US retail sales rebounded last month, as lower gas prices free up cash

By Bryan Mena, CNN  -  Washington, DCCNN —  Spending at US retailers rebounded in November after declining in the prior month, pointing to the continued resilience of the US consumer. Retail sales, which are adjusted for seasonal swings but not inflation, rose 0.3% in...

Troubled retailer Sears quietly reopens two stores. What is behind the comeback?

By Samantha Delouya, CNN To the casual shopper, Sears, one of America’s oldest retailers, may appear to be on life support. The department store chain that once reinvented how Americans shopped now barely has a brick-and-mortar footprint after a 2018 bankruptcy and...

Hong Kong and Saudi Arabia want to do more business together. Here’s why

Hong KongCNN —  For the first time, Hong Kong’s leader has welcomed Saudi Arabian elites to the city for an investment conference, in an example of how it is embracing new potential business partners as it confronts a slumping economy and geopolitical uncertainty. In...

Is a recession on the horizon? More bank CEOs think so

New York CNN —  Add Citigroup CEO Jane Fraser to the growing list of bank CEOs who are warning about tough times ahead. While Fraser doesn’t “see a drastic downturn on the horizon,” the head of the third-largest bank in the United States does see a recession coming,...

Apple releases urgent update to fix iOS 17 security issues

Apple is urging iPhone users to download a new version of its latest operating system to patch two iOS 17.1.1 security issues. The tech giant wants customers to install the iOS 17.1.2 update, which does not include any new features, immediately. "This update provides...

23andMe says hackers gained access to data of about 6.9 million people

Genetic testing company 23andMe said Monday that hackers were able to access the data of about 6.9 million people, far more than the company previously acknowledged. The finding is the result of an investigation 23andMe launched in October, after at least one list was...

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Human exchange is the modern means of negotiation that dictators and politicians currently use...

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