Business

Macy’s has confirmed it will be shutting down 66 stores. The department store chain said Thursday the move is part of its “bold new chapter” strategy announced in February of last year that will see the closure of approximately 150 underperforming stores, or about a a third of its locations, over a three-year period.

Macy’s confirms closure of 66 stores

At least 10 people have been confirmed dead as four major wildfires continues to burn in the Los Angeles area.

At least 10 dead as major wildfires continue to burn in Los Angeles area

Lemon8 is emerging as TikTok faces a potential U.S. ban. Learn what’s at stake for ByteDance apps like TikTok and CapCut.

Creators flock to Lemon8 as TikTok ban approaches

U.S. officials release ‘Notorious Markets List’, illegal online pharmacies exposed

Tens of thousands of online pharmacies operate illegally, sell fake drugs: Report

Tiger Woods’ Sun Day Red apparel brand sued by Puma over logo

The wildfires could cause up to $57 billion in damage as Pacific Palisades homeowners had insurance policies canceled months prior.

California wildfires causing $57 billion in damage as providers canceled insurance

It's the question plaguing Danish experts as Trump threatens military and economic force to take Greenland from Denmark.

What does Trump want with Greenland when US already has military control?

Delta unveils its new in-flight experience at CES, featuring partnerships with Youtube and an AI-powered flight concierge.

Delta introduces new in-flight perks, announces YouTube partnership

President Joe Biden is reportedly planning one last artificial intelligence chip restriction that would hit major companies including the second most valuable in the world, Nvidia.

Biden plans final push to limit Nvidia advanced chip exports: Report

A new report shows 41% of companies worldwide will cut their workforce in favor of AI by 2030.

41% of global companies could cut workforce in favor of AI by 2030: Report

A potentially crippling strike has been averted for now. Longshoremen reached a tentative new contract deal Wednesday, Jan. 8, with shipping and port companies along the East and Gulf Coasts of the U.S.

Port strike averted after tentative deal reached

At least five people have been killed as five wildfires rage in the Los Angeles area.

5 dead, thousands of homes destroyed as fires rip through Los Angeles area

Elon Musk's bold experiment in underground, electric vehicle-powered public transportation in Las Vegas is expanding, but is reportedly lacking government oversight.

Elon Musk’s expanding Vegas Loop operating with little oversight: Report

CFPB alleges Vanderbilt Mortgage and Finance steered customers to buy manufactured homes they couldn’t afford.

CFPB sues Warren Buffett-backed mortgage lender for ignoring ‘red flags’

ExxonMobil is countersuing California months after the state sued the oil and gas giant, claiming it lied about plastics recycling

ExxonMobil countersues Calif. AG, claims he defamed the company

With less than two weeks left for the Biden administration, a regulatory review proposed cigarette nicotine levels be mandated and lowered.

Critics condemn Biden’s last-minute push to lower cigarette nicotine levels

CNN is facing a defamation lawsuit after airing a segment about private contractors allegedly exploiting Afghans during the U.S. withdrawal.

CNN on trial for defamation as legacy media faces growing challenges

The former CEO of MoviePass, Ted Farnsworth, pleaded guilty to fraud for lying to investors about the success of the company.

MoviePass ex-CEO pleads guilty to fraud over ‘unlimited’ plan

Meta has made sweeping changes to its hateful conduct policy.

Controversy follows Meta’s move to roll back some rules on hateful content

Three major wildfires are burning out of control in southern California.

Wildfires force thousands to evacuate Southern California

President-elect Trump introduced Emirati businessman Hussain Sajwani, the founder of DAMAC Properties, announcing the company is investing $20 billion to build data centers for AI and cloud storage across the U.S.

Trump announces Emirati businessman’s $20 billion investment in US data centers

Foodies on the Vegas strip looking for a bite to eat at Wolfgang Puck’s restaurant were out of luck this past weekend.

Wolfgang Puck’s Vegas restaurant reopens after health code violations

Since the Fed's first cut in September, the average 30-year fixed mortgage rate has gone up nearly a full percentage point.

Why mortgage rates are going up while the Fed is cutting rates

Journalists are calling for Apple to remove its AI feature after a series of false headlines.

Calls for Apple to remove AI after series of incorrect headline summaries

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