Year: 2026
Saks Global struggles to line up financing as potential bankruptcy filing looms
Pedestrians walk past a Saks Fifth Avenue store on Dec. 30, 2025 in Chicago, Illinois. Scott Olson | Getty Images Beleaguered retail chain Saks Global is struggling to line up as much as $1 billion in financing to keep its business afloat during a potential Chapter 11 bankruptcy filing, CNBC has learned. The luxury chain […]
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Patient advocacy groups urge U.S. court to halt overseas prescription drug operations
In a photo illustration, prescription drugs are seen next to a pill bottle on July 23, 2024 in New York. Spencer Platt | Getty Images News | Getty Images A coalition of patient advocacy groups is urging a federal court to halt the practices of third-party companies that buy drugs from countries outside the FDA-regulated […]
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GM to record $7.1 billion in fourth-quarter charges due to EV pullback, China restructuring
GM Hummer EV production in Detroit. Photo by Jeffrey Sauger for General Motors DETROIT – General Motors said Thursday it will record $7.1 billion in special charges for the fourth quarter of last year related to its pullback in electric vehicles and restructuring efforts in China. The Detroit automaker said in a public filing that […]
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The Supreme Court may rule Friday on Trump’s tariffs. Here’s what’s at stake for the economy
A cargo ship sits in New York Harbor on Nov. 19, 2025 in New York City. Spencer Plat | Getty Images The U.S. Supreme Court on Friday could rule on the legality of President Donald Trump’s tariffs, a decision poised to have far-reaching impacts on not only trade policy, but also the U.S. fiscal situation. […]
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Epstein files: Reps ask judge to appoint monitor to ensure all documents released
Representative Ro Khanna, a Democrat from California, during a news conference outside the US Capitol in Washington, DC, US, on Tuesday, Nov. 18, 2025. Graeme Sloan | Bloomberg | Getty Images Two members of the House of Representatives asked a federal judge in New York on Thursday to appoint a so-called special master to ensure […]
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First vetoes of Trump’s term survive override vote in Congress
A view of the dome of the U.S. Capitol building, during a vote in the U.S. House of Representatives on a stopgap spending bill to avert a partial government shutdown that would otherwise begin October 1, on Capitol Hill in Washington, D.C. U.S., September 19, 2025. Kent Nishimura | Reuters The House of Representatives failed […]
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Good news keeps coming for Nvidia but not the stock. Time to buy?
Shares of Nvidia have started the new year off flat as Wall Street skeptics ignore a string of positive developments that continue to boost our confidence in the stock and inform our advice for investors with and without positions. The most recent update came early Thursday morning, when Bloomberg reported that China will indeed allow […]
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Supreme Court tariff decision: U.S. Customs has new deadline for companies seeking refunds
The Contemplation of Justice statue at the US Supreme Court in Washington, DC, US, on Tuesday, Nov. 4, 2025. Pete Kiehart | Bloomberg | Getty Images There is a new deadline for U.S. importers to file for electronic refunds if the Supreme Court rules President Donald Trump’s IEEPA tariffs are illegal. U.S. Customs published details […]
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Judge disqualifies federal prosecutor in investigation into New York Attorney General Letitia James
U.S. Attorney for the Northern District of New York John A. Sarcone III joins Federal Bureau of Investigation Special Agent in Charge Craig Tremaroli for a news conference to announce the arrest of an accused online sexual predator on Monday, April 28, 2025, in the U.S. Attorney’s Office at the James T. Foley Federal Courthouse […]
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RFK Jr.’s new food guidelines could boost beaten down fast-casual chains like Chipotle and Sweetgreen
U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. attends a briefing at the White House in Washington, D.C., U.S., January 7, 2026. Kevin Lamarque | Reuters New federal dietary recommendations have sparked mixed reactions from the embattled restaurant industry, as changing guidelines could encourage Americans to dine out less often or choose […]
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