Macy’s reports strong fourth-quarter sales and profits exceeding Wall Street estimates despite a number of challenges ranging from supply chain disruptions to labor shortages and inflation. According to the company, revenue increased by nearly 30% from $6.78 billion in the year-ago quarter to $8.66 billion this quarter. A $160 million profit, or 50 cents per
In the second half of the decade, Mercedes Benz expects to have factories making electric vehicles exclusively, but will refrain from building EV-only plants instead of keeping production lines flexible so that production lines can keep pace with market demand. The carmaker factories are planning to go fully electric with some production lines even sooner,
A New Jersey police department is being investigated after two officers handcuffed and pinned an 8th grader black teen on the floor while the white teen involved in the fight was left to sit on a couch. The teenage fight, which happened Saturday at Bridgewater Commons in Bridgewater Township, New Jersey, was captured on video,
Zachary Horwitz, a small-time actor who pleaded guilty to operating a multimillion-dollar Ponzi scheme, was sentenced to 20 years in federal prison on Monday. Horwitz — better known by “Zach Avery” — is known for acting on low budget films, including “Trespassers” and “The White Crow,” He received 240 months sentence and is required to
The innovative logistics company Veho makes next-day packages more accessible with technology. During an early-stage funding round led by Tiger Global, Veho, which uses technology to facilitate next-day delivery of packages, raised $170 million that valued it $1.5 billion. By the end of 2022, Veho plans to use the funds to quadruple its headcount to
In a statement released on Sunday, Jitse Groen, CEO of Takeaway.com(online food delivery company), said the company is not planning to sell its subsidiary Grubhub as a result of delisting from the Nasdaq stock exchange. Food-delivery company Takeaway bought the Grubhub in June for $7.3 billion but has since faced pressure from shareholders. Takeaway is
According to Boris Johnson, the laws that require people with Coronavirus-19 in England to isolate themselves will be repealed within weeks, which will end all restrictions related to Coronaviruses in the domestic environment. Johnson told Parliament he expected to be able to end the last domestic restrictions, including the requirement to self-isolate if you test
Turkish media reported on Tuesday that 16 people from Istanbul went on trial were charged with espionage on behalf of Israel, charged with both political and military espionage. MIT, Turkey’s national intelligence agency, arrested the defendants in October in an operation that included Palestinians and Syrians, according to pro-government Sabah and other Turkish media. The
Tuesday, the governments of Bulgaria and North Macedonia held a joint session to strengthen their tense relations, which have been strained by a long-running dispute and a Bulgarian blockade of its Balkan neighbor’s European Union application. Sofia, Bulgaria’s capital, is the location of the meeting between the two governments. A week ago, Bulgarian Prime Minister
The Robertson County Sheriff’s Department’s Deputy Savanna Puckett was found shot in a burning house on Sunday night. In a news release from the sheriff’s office, the agency confirmed that the 22-year-old was dead at the scene. Puckett’s home on Highway 41 in Springfield was engulfed in flames when another deputy went to check on
According to state prosecutors, the country’s top cartel boss, known as “El Marro,” was sentenced to 60 years in prison on Friday. In 2020, Jose Antonio Yepez was arrested back as one of Mexico’s most wanted criminals, Reuters reported. The leader of the Santa Rosa de Lima Cartel in Guanajuato, Reuters reported. Yapez and his
Havana Syndrome is still an unknown illness and the United States does not know where it came from, State Department spokesperson Antony Blinken said in an interview on Thursday after more American diplomats fell ill in Paris and Geneva. In addition to about 200 diplomats, officials and family members overseas suffering from the illness, Blinken
