Neiman Marcus CEO says there’s ‘no need’ to sell the business as Saks takeover rumors swirl

Neiman Marcus CEO says there’s ‘no need’ to sell the business as Saks takeover rumors swirl

Shoppers enter and exit the Neiman Marcus at the King of Prussia Mall in King of Prussia, Pennsylvania, on Dec. 8, 2018. Mark Makela | Reuters ORLANDO, Fla. — As rumors swirl over whether Saks Fifth Avenue will acquire Neiman Marcus, Neiman’s CEO told CNBC there’s “no need” to sell the business, adding it’s unlikely…

Democrats Question Semiconductor Program Ties to Wall Street

Democrats Question Semiconductor Program Ties to Wall Street

Two Democratic lawmakers on Tuesday expressed concerns about ex-Wall Street financiers overseeing the Commerce Department’s distribution of $39 billion in grants to the semiconductor industry, saying the staffing raised questions about the creation and abuse of a revolving door between government and industry. In a letter to the Commerce Department, Senator Elizabeth Warren of Massachusetts…

Here’s what Wall Street wants to see from Hollywood this year

Here’s what Wall Street wants to see from Hollywood this year

Picture Alliance | Picture Alliance | Getty Images It’s the third act of the streaming wars. That’s the time a hero, seemingly beaten and broken, rises up and saves the day. But Wall Street is worried that hero may never come for Hollywood. Legacy media companies including Disney, Warner Bros. Discovery, Comcast and Paramount Global…

Column: Clarence Thomas and the bottomless self-pity of the upper classes

Column: Clarence Thomas and the bottomless self-pity of the upper classes

Articles asking us to feel sympathy for families barely scraping by on healthy six-figure incomes may be staples of the financial press, but it’s rare that they come packaged as real-world case studies attached to flesh-and-blood individuals. But that’s what happened just before Christmas, when law professor Steven Calabresi defended Supreme Court Justice Clarence Thomas’…

Is America’s Ultra-Processed Diet That Bad? Big Food Fights Back

Is America’s Ultra-Processed Diet That Bad? Big Food Fights Back

Listen to article (2 minutes) Move over GMOs and high-fructose corn syrup. There is a new phrase making the food industry pucker: ultra-processed foods. A battle is brewing over the latest term for many packaged food products that manufacturers fear could infiltrate U.S. food policy and scare off consumers. Copyright ©2024 Dow Jones & Company,…