Saks Global, the retail conglomerate that owns high-end store chains Saks Fifth Avenue, Bergdorf Goodman, and Neiman Marcus, has filed for Chapter 11 bankruptcy after being unable to make a $100-million interest payment to bondholders last month on $5 billion worth of debt.
With betting now legal on everything from sports events to whether it will rain in Tulsa on Tuesday, Wall Street wants in.
Bank of America (BoA), Citi, JPMorgan Chase, and Wells Fargo reported fourth-quarter earnings that disappointed analysts for a variety of reasons, despite a year that saw soaring stock markets and a lighter regulatory hand on the nation’s financial markets.
Investors drew out at least $7 billion from private credit funds in the last months of 2025, the Financial Times has calculated from funds’ filings with the U.S. Securities and Exchange Commission.
U.S. home sales surprised analysts by climbing 5.1 percent in December, year over year, to mark the strongest annual growth rate since February 2024.
U.S. inflation in December kept to November’s rate of 2.7 percent, the U.S. labor department reported, a figure that economists had forecast in a Wall Street Journal poll.
Last month, the U.S. economy produced an additional 50,000 nonfarm jobs, slacking from November’s downwardly revised 56,000 and well below the 73,000 forecast by Dow Jones.
As I often say, I am a trend forecaster, not a predictor of trends. No one can “predict” the future because there are too many wild cards that can be played out by nature or humans.