Saks Global is going through a tough time. The company's CEO, Marc Metrick, has left his position. This comes as the luxury retail group is having trouble paying off its debts. The company missed a loan payment and is thinking about filing for bankruptcy. Richard Baker, who was the executive chairm
In a surprising move, a Chinese tech company has just added a U. S. bakery to its growing collection of businesses. Dajialai Digital Technology Group Co. , Ltd. has taken control of Newberry Specialty Bakers, Inc. This deal is part of a bigger plan by Dajialai to build a large network of companies u
The job scene in Buffalo Niagara is a bit of a puzzle. Some areas are doing well, while others are struggling. This mix makes it hard to say if the job market is really getting better or worse. Let's talk about the good news first. Some industries are adding jobs. These include healthcare, educatio
In December, Britain's manufacturing sector showed some signs of improvement, but the overall outlook remains uncertain. The S&P Global Purchasing Managers' Index (PMI) for manufacturing rose to 50. 6, up from 50. 2 in November. However, this was lower than the initial estimate of 51. 2. This increa
Minnesota is in hot water. The Small Business Administration (SBA) has put a freeze on nearly 7, 000 loans. Why? Because there's a big fraud scandal brewing. These loans, worth up to $400 million, were given out during the COVID-19 pandemic. The idea was to help small businesses, but it seems some p
Tesla, a company known for its electric cars, has seen a drop in the number of vehicles it delivered in the last three months of the year. This decline is significant, with a 16% decrease compared to the same period the previous year. This news has led to a drop in the company's stock price. The de
In 2025, streaming services became the go-to choice for entertainment. A big change happened when Netflix and HBO joined forces. This merger made some people worry about what it means for competition in the streaming world. No one is sure yet how this will affect theaters or the entertainment indust
DeKalb is taking a big step towards a greener future with its new Green Business Recognition Program. This initiative aims to celebrate and encourage local businesses that are making efforts to be more environmentally friendly. The program is set to launch in early 2026 and will focus on seven key a
Michigan's cannabis industry is in for a rough ride as a new tax policy kicks in. Starting January 1st, a 24% wholesale tax joins the existing 10% retail tax and 6% sales tax. This means cannabis products are now hit with a total tax of 40%. This is a big deal for businesses like Green Acres Cannabi
In the heart of Bellevue, a building with a rich history is set for a major transformation. The old garage at 180 Fairfield Ave. , once a beloved auto shop, is about to become a vibrant hub for food and fitness. The building, known as Gravett's Garage, was a staple in the community for many years. I
