Department store chain Macy’s Inc. (M) Tuesday reported a profit for the fourth quarter that dropped 52.9 percent from last year. Quarterly net sales declined 18.7 percent. Comparable sales down 17.0 percent on an owned basis and down 17.1 percent on an owned plus licensed basis, reflecting the continued challenges posed by the COVID-19 pandemic. Both adjusted earnings per share […]
Read moreAmerican are doing a good job addressing credit card debt – but there’s always room for improvement. (iStock) U.S. consumers are making headway with their credit card debt, but there's still a long way to go to becoming debt-free. Overall U.S. cardholder debt fell by $10 billion in the third quarter of 2020, following a steep $76 billion decrease in the […]
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More On: COVID vaccine Two new mass COVID-19 vaccine sites to open this week in NYC When Fauci says high school students could get COVID-19 vaccine ‘SNL’ under fire for ‘anti-Semitic’ joke about Israel Israel reopens economy with nearly half the country vaccinated Sanofi and GlaxoSmithKline have launched a new study of their coronavirus vaccine after a previous trial produced […]
Read moreJob openings are ‘strong’ in sectors that support stay-at-home economy: Indeed.com chief economist Indeed.com chief economist Jed Kolko discusses job openings picking up in certain industries despite the coronavirus pandemic. America’s blue-collar workforce is filled with signs of a strengthening job market. An Orlando, Fla.-area home builder is seeking to add four construction workers to a six-person team in the midst […]
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No plan to merge the EPF with NPS, says Nirmala Sitharaman. Finance Minister Nirmala Sitharaman has said there is no intent to discourage higher income earners from saving with the Employees Provident Fund (EPF) and that she was open to reviewing the contribution limit of ₹2.5 lakh a year for tax-free interest, imposed in the recent Union Budget. Reiterating that […]
Read moreCredit monitoring can help protect your financial future. (iStock) Your credit is the key to financial opportunity. A credit score, credit history, and beyond will make it easier (and more affordable) to buy a house, lease a car, take out a personal loan or even get a job or an apartment, while poor credit will do the opposite. As such, […]
Read moreHow massive stimulus injection could backfire on economy Moody’s Analytics chief markets economist John Lonski discusses how fiscal coronavirus relief will be difficult to reverse. Congressional Democrats are barreling ahead with passing President Biden's nearly $2 trillion coronavirus relief package, paving the way for a third stimulus check for millions of Americans – and households could start to receive the money in just a few weeks. […]
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More On: warren buffett Is Elon Musk the new stock market oracle? Amazon, JPMorgan, Berkshire to shut down health-care venture Haven Warren Buffett and Goldman Sachs boss call for small business relief Berkshire Hathaway settles alleged Iran sanctions violations for $4.1M Warren Buffett’s Berkshire Hathaway on Tuesday announced two major new investments, revealing an $8.6 billion stake in the phone […]
Read moreKennedy: McDonald’s paying workers to take COVID vaccine is ‘win-win’ Matt Welch, Inez Stepman and Richard Fowler discuss whether Americans should be paid to get vaccinated against coronavirus. A Black McDonald's franchisee alleged in a lawsuit Tuesday that the McDonald's Corporation discriminated against him by keeping his restaurants out of affluent areas. Continue Reading Below Herbert Washington, who owns 14 […]
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