Turbulence continues in the retail sector this year with several major brands announcing store closures and layoffs.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The European car parts sector has laid off 100,000 people in the last two years, according to The Financial Times.
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SPOTLIGHT: TROUBLES WORSEN FOR THE LUXURY INDUSTRY
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.
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WALL STREET JUMPS INTO THE BETTING INDUSTRY
With betting now legal on everything from sports events to whether it will rain in Tulsa on Tuesday, Wall Street wants in.
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MAJOR BANKS’ EARNINGS FALL SHORT
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.
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INVESTORS YANK THEIR MONEY FROM PRIVATE CREDIT FUNDS
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.
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HOME SALES JUMP IN DECEMBER TO END A DOWN YEAR
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.
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A JUMP IN FOOD PRICES LED DECEMBER’S INFLATION PACE
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.
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U.S. JOB GROWTH DISAPPOINTS AGAIN IN DECEMBER
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.
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FAT, TIRED, AND LOOK LIKE SHIT: FLABBY AMERICANS HARDLY EVER FEEL HEALTHY
A newly released survey found that the average American only feels healthy 16 days a month because of various ailments like body aches, Study Finds reported.