The Saks Global bankruptcy is the burial ground for the old way of selling clothes. For decades, the department store was the kingmaker. If you wanted to be a serious designer, you needed floor space at Saks or Neiman Marcus. But on Wednesday, that era crashed into a wall of debt and irrelevance. Saks Global…
Tax the rich or risk losing them? California’s Billionaires’ Tax proposal is causing controversy, particularly in Silicon Valley, where some tech executives are thinking about moving out of the state. Governor Newsom is making an organized effort to prevent the proposal. About 200 wealthy individuals would be affected by the 2026 Billionaire Tax Act, which…
The Bank of America Q4 2025 earnings report is a heat map for the entire US economy.And the map looks green. On Wednesday, the financial giant shattered expectations. While Wall Street was bracing for a slowdown, Bank of America posted a double beat. They didn’t just scrape by; they delivered a profit of $7.6 billion.…