Macy’s reduced its full-year profit forecast for fiscal 2025, despite surpassing Wall Street’s expectations for first-quarter earnings. The company cited higher tariffs, increased promotional activity, and softer discretionary spending as reasons for the revised outlook. While earnings per share are now expected to fall between $1.60 and $2.00, down from an earlier projection of $2.05…
Category: News
US military changes tone in Africa, urging allies to take greater responsibility for their own defense
The U.S. military is moving away from its usual focus on promoting good governance and addressing the root causes of insurgencies. Instead, it is now urging its fragile allies in Africa to be more self-reliant. This shift was clear during African Lion, the largest joint training exercise the U.S. conducts on the continent. “We need…
Violent ‘Wrench Attacks’ Rise as Crypto Wealth Makes Investors Targets for Real-World Theft
A chilling case involving an Italian man allegedly kidnapped and tortured in an upscale Manhattan townhouse underscores a growing threat in the cryptocurrency world—violent physical attacks aimed at stealing digital assets. The crime fits the profile of a so-called “wrench attack,” a term coined from an online comic that highlights how brute force can easily…
Delta Flight to Madison Delayed After Two Rogue Pigeons Spark Mid-Cabin Chaos and Passenger Panic
A Delta Airlines flight departing from Minneapolis-Saint Paul International Airport was thrown into chaos when two pigeons were found inside the aircraft’s main cabin. The unusual situation caused disruption and panic among passengers, as captured in videos shared on social media. Passenger Tom Caw was the first to notice a pigeon aboard the plane before…
Trump Pressures Apple to Shift iPhone Production to U.S. as Global Supply Chains Face Political Heat
In 2011, President Barack Obama questioned Apple CEO Steve Jobs about the possibility of bringing iPhone production back to the United States. Over a decade later, President Donald Trump has revived that demand, directing his attention to Apple’s current CEO, Tim Cook. Trump has threatened a 25% tariff on Apple and other smartphone makers unless…
Stellantis appoints Italian auto leader Antonio Filosa as new CEO
Stellantis, the world’s fourth-largest carmaker, announced Italian executive Antonio Filosa as its new CEO on Wednesday, replacing Carlos Tavares, who stepped down last year under pressure. Filosa, currently Stellantis’ chief operating officer for the Americas and chief quality officer, will start as CEO on June 23 and is expected to reveal his leadership team then.…
Japan’s Bond Shift Spurs Global Rally as Markets Demand Fiscal Reform Over Short-Term Fixes
Japan, one of the most indebted developed nations, created waves in global bond markets this week by signaling a reduction in super-long tenor debt issuance. This news, reported by Reuters, triggered a rally in government bonds across countries like South Korea, the United States, and the United Kingdom. Yields fell as bond prices rose, reversing…
Wall Street Eyes Crypto Cautiously as Regulation Eases and Political Winds Shift Favorably
Major U.S. banks are cautiously exploring the cryptocurrency sector, driven by growing support from regulators and recent political shifts. Previously restricted by stringent regulations, Wall Street institutions are now seeing new opportunities to engage with digital assets. Despite this opening, four anonymous banking executives indicate that any initial involvement will be measured. Banks plan to…
Why attacks using force on rich crypto owners are increasing
The shocking story of an Italian man who said he was kidnapped and tortured for weeks in a fancy Manhattan townhouse by people trying to steal his bitcoin shows a dangerous side of cryptocurrency: the risk of violence from criminals after digital money. This kind of robbery is called a “wrench attack.” The term comes…
Nissan Bets on e-Power Tech to Reverse $4.5 Billion Loss and Regain Global Momentum
Struggling with financial losses, Nissan Motor Corp. is pinning its hopes on its new “e-Power” technology to engineer a corporate turnaround. Unlike traditional hybrids such as the Toyota Prius, Nissan’s e-Power system uses a gasoline engine solely to charge the battery, while the electric motor exclusively drives the wheels. This setup delivers a consistently quiet…