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Macy’s posts strong results, raises guidance as turnaround begins to take hold
Macy’s reported 2.7% comparable sales growth in its fiscal second quarter and raised full-year guidance, with its Bloomingdale’s division posting particularly strong results as its turnaround strategy gains traction.
Copart (CPRT) Bets On Digital Dealers As Core Volumes Shrink
Copart announced plans to acquire digital auto marketplace ACV in an all-cash deal, seeking to offset declining core insurance volumes through digital diversification and international expansion.
Thom Yorke, Romy and Brian Eno among 200 musicians urging PM to reject new North Sea drilling
Over 200 musicians including Thom Yorke and Brian Eno have urged the Prime Minister to reject new North Sea oil drilling plans, citing climate concerns and questioning energy security benefits.
China Aims For 70% Plugin Vehicle Sales By 2030 — Hit 61% In August
China released its 15th five-year development plan targeting 70% plugin vehicle sales by 2030 for passenger vehicles, though the market already reached 61% in August.
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Dangote refinery: Nigerians buying into Africa’s biggest share sale
Nigerian billionaire Aliko Dangote has launched Africa’s largest share sale, offering roughly 3% of his oil refinery to the public in a deal potentially raising $2.1 billion.
Robin Morgan obituary
Robin Morgan, pioneering poet and feminist theorist who co-founded New York Radical Women and edited Ms. magazine, has died at age 85. A key figure of second-wave feminism, she authored 22 books and coined influential slogans including ‘Porn is the theory; rape is the practice.’
Immigrants held in small outdoor cages at ‘Alligator Alcatraz’ in Florida, investigators find
A shuttered Florida detention facility held immigrants in small outdoor metal cages for hours, according to a Department of Homeland Security investigation that found conditions violated multiple safety and hygiene standards.
‘A coin flip’: on the campaign trail as Brazil’s far right edges back to power
Brazil’s far-right candidate Flávio Bolsonaro campaigns in the battleground state of Minas Gerais with less than a month until the 4 October presidential election, where he is polling nearly even with incumbent leftwing president Luiz Inácio Lula da Silva.
China dismisses AI ‘fearmongering’ as spy chief warns of threat to Communist party rule
China dismissed US calls to block its AI development as “fearmongering,” while the country’s top spy chief warned that artificial intelligence could threaten Communist party rule.
Labor Department to propose expansion of association health plans, which could lower insurance costs for some workers
The Labor Department is proposing rules to expand association health plans, potentially lowering insurance costs for self-employed workers and small businesses amid rising marketplace premiums.
Average 401(k), IRA balances hit record highs — but more workers are raiding their accounts, Fidelity says
Record-high retirement account balances were offset by increased borrowing and hardship withdrawals from 401(k) and IRA plans, signaling financial stress among workers.
UK mortgage borrowers brace for rate jump amid global bond sell-off
UK mortgage borrowers face potential rate increases as swap rates hit three-year highs amid global bond market turmoil driven by oil price spikes and inflation concerns.
Trump announces $500 Obamacare refunds for nearly 1 million people — here’s who qualifies
President Trump announced $500 Obamacare refunds for nearly 1 million people in 30 states using the federal exchange, set to begin in October, funded from collected user fees.
BYD shares slide as fierce China competition dents first-half earnings
BYD shares declined nearly 5% in Hong Kong after releasing interim results showing first-half revenue fell 7.1% while net profit dropped 20.5% amid intense competition.
Broadcom delivers strong earnings view as CEO touts growth with AI labs
Broadcom posted strong quarterly results and forecast robust growth driven by artificial intelligence chip demand, with CEO projecting AI revenue to reach $115 billion in fiscal 2027.
Zscaler beats earnings expectations, issues upbeat guidance but stock falls
Zscaler exceeded fourth-quarter earnings expectations and issued upbeat guidance, but its stock declined as investors weighed the results against competitive pressures in the cybersecurity sector.