Macy's shares sink as discounts to clear inventory hurt, tourism drops

(Reuters) – Macy’s Inc (M.N) cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it discounted merchandise heavily to clear spring inventory, sending its shares down as much as 18%. The largest U.S. department store operator, whose flagship building in Manhattan is a major tourist attraction, […]

Read more

China's attempts to make US farmers the economic casualties of the trade war are going to backfire

China has targeted US farmers with tariffs as part of the trade war. But China will eventually have to relent and import Americans products given its need for agricultural goods such as soybeans. Two unexpected factors have made China’s attacks on US farmers look worse than they really are. American farmers will likely bounce back stronger and China’s move will […]

Read more

2020 Democrats discuss race in often stark terms during the first Detroit primary debate

The 2020 Democrats running for president discussed race in strong and often stark terms at Tuesday’s debate, reflecting the central role its taking in the primary ahead of next year’s race. Author Marianne Williamson said that the water crisis in Flint was the “tip of the iceberg” and said that the city where she lives would never have experienced a […]

Read more

Atlanta Airport Bans Notorious Smoking Rooms

Hartsfield-Jackson Atlanta International Airport, the busiest airport in the world by passenger traffic, is planning to close down its smoking lounges on January 2, 2020. The decision follows the ordinance by the mayor of Atlanta, banning smoking and vaping in bars, restaurants and other enclosed public spaces. The legislation signed by Atlanta Mayor Keisha Lance Bottoms will come into force […]

Read more

Saudi Arabia's crown prince reportedly wants to build a $500 billion desert city with artificial rain, a glow-in-the-dark beach, and robot dinosaurs

Saudi Arabia has long been planning a futuristic mega-city in the desert. A report from the Wall Street Journal included a wild array of details on the plans, including futuristic and bizarre features like something out of a sci-fi movie. Citing documents drawn up by three large consultancy firms, the Journal says the city could feature artificial rain, robotic maids, […]

Read more

International Champions Cup: Schedule, TV info to watch top European club soccer teams

For the seventh consecutive summer, the build-up to the 2019-20 European domestic club campaign — the International Champions Cup — is taking place primarily in the United States. A total of 12 teams representing six countries — Guadalajara of Mexico is the only non-European entry in the tournament — will play three games apiece, with 11 of 18 total matches being […]

Read more

Asian Shares Mostly Higher As Trade Tensions Ease

Asian stocks ended mostly higher on Monday after the U.S. and China agreed to restart trade talks and decided not to impose additional tariffs on each other’s products. U.S. President Donald Trump agreed to put off imposing additional tariffs on Chinese goods indefinitely while also removing some curbs on Huawei Technologies Co. buying high-tech equipment from the U.S. In response, […]

Read more

‘I curse you all!’ Defendant slashes his throat – then refuses to return to court

In this June 19, 2018 file photo, Aubrey Trail, left, looks on during a hearing in Saline County Court, in Wilbur, Neb. (Photo: Eric Gregory/Lincoln Journal Star via AP File) WILBER, Neb. – A Nebraska murder trial has resumed without the presence of the defendant who slashed his neck in the courtroom. Judge Vicky Johnson noted 52-year-old Aubrey Trail’s absence to […]

Read more
1 2 3 32