As part of its bankruptcy restructuring, Saks is closing the majority of its OFF 5TH stores. Saks Global, which is in charge of Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, and Saks OFF 5TH, reportedly had to file for a Chapter 11 bankruptcy due to growing debt and diminishing liquidity. About 57 of the 74 […]
Black-owned businesses continue to be a significant yet underutilized source of economic expansion throughout the United States. However, some federal economic policies are influencing their prospects (and constraints). These include ways that many entrepreneurs perceive but few mainstream media outlets have adequately described. Here is a closer look at six significant policy variables that are […]
Finland’s telecom and networking company Nokia, has announced that its long‑serving board chair, Sari Baldauf, will step down later this year as the company pushes further into artificial intelligence and data‑centric technologies. The leadership change underscores a critical moment in Nokia’s ongoing efforts to reshape its business in the face of shifting market demand. Baldauf, […]
Amazon says it will close most of its Amazon Go and Amazon Fresh grocery stores across the United States by February 1, 2026, as it shifts strategy toward online grocery delivery and its Whole Foods Market chain. The move marks the end of a high‑profile experiment with its own branded physical grocery stores. End of […]
Elon Musk, chief executive of Tesla, has announced that the company will stop producing its luxury Model S sedan and Model X SUV by mid‑2026. This marks a significant shift from traditional electric cars to robot and autonomous technology. Speaking on Tesla’s quarterly earnings call this week, Musk described the decision as an “honorable discharge” […]
