Earnings Watch: This Earnings Season, Expect Companies To Keep Margins High ‘the Usual Way, By Firing People’

With its net sales down 2.4% year over year, the retail giant is closing even more underperforming stores, Macy’s shared in an earnings call. Macy’s CEO Tony Spring said Thursday on a Q3 earnings call that the retailer will close about 65 locations by the end of January 2025, which is an additional 15 stores more than what was previously planned.

The growing demand for lithium has created a new frontier for mining in mineral-rich Nigeria. Dressed in a faded pink dress, 6-year-old Juliet Samaniya squats under scorching skies to chip at a jagged white rock with a stone tool. Dust coats her tiny hands and her hair as she works hour after hour for less than a dollar a day.

Quicker and cheaper than Bitcoin, the Tron network has overtaken its rival as a vehicle for crypto transfers associated with groups designated as terror organizations. A crypto venture recently unveiled by U. S. President-elect Donald Trump and his new Middle East envoy, billionaire Steve Witkoff, has partnered with a crypto platform that authorities and financial experts say has been used by criminals and Iran-backed militant groups Hamas and Hezbollah.

Another tech-focused appointee has raised questions about the future direction of the Trump administration. President-elect Donald Trump’s approach to crypto is becoming clearer with the appointment of entrepreneur David Sacks as Trump’s “White House A. I. & Crypto Czar”—signaling a shift in how the U. S. government perceives cryptocurrency that could indicate a more prominent place for it within the financial system.

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Dog Savvy, a longtime business in Larmer Square, is at risk of closing due to a decline in sales following the pandemic. The store is now turning to the community for help. “The future of Dog Savvy right now is the most uncertain it’s been in our entire duration of operation,” said Robb Horen, co-owner of Dog Savvy.