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Saks Global, the longtime leader of luxury department stores, files for bankruptcy protection​

  • Saks Global, the parent company behind Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, has filed for bankruptcy protection.
  • The company has been running out of cash and struggling to pay its bills since its acquisition of Neiman Marcus for $2.7 billion in 2024.
  • Saks had struggled to line up bankruptcy financing because some investors were concerned the company won’t be able to successfully reorganize, CNBC previously reported.
Saks Global, the parent company behind the 159-year-old department store that’s become both a destination and a symbol for luxury fashion, filed for bankruptcy protection after running out of cash and failing to find investors willing to finance its business.

Crucially, the retailer filed for Chapter 11, which will give it the chance to reorganize its business, clear through its debts and potentially find a buyer willing to take it on as a going concern.

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S&P 500 books back-to-back losses as tech sells off, Bank of America slides after earnings: Live updates​

Stocks fell on Wednesday for a second session, pulling back further from record levels, as traders digested a fresh batch of earnings and monitored geopolitical developments.

The S&P 500 dropped 0.53% and closed at 6,926.60. The Dow Jones Industrial Average lost 42.36 points, or 0.09%, and ended at 49,149.63. The Nasdaq Composite shed 1%, settling at 23,471.75. It was the second consecutive day of losses for all three indexes.

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US soybean farmers staring at more hard times in 2026​

Soybeans showed a glimmer of hope for farmers in 2025, but 2026 is not looking so rosy.

U.S. soybean farmers, already squeezed by thin margins and high costs, are now facing another year of stiff foreign competition, particularly from Brazil. Those hoping for recent momentum in soybean futures to continue, and potentially lead to profitable acreage, are probably out of luck.

“For a grains producer, there’s no place to run and no place to hide,” said Don Roose, head of West Des Moines, Iowa-based brokerage U.S. Commodities.

More:

https://www.msn.com/en-us/money/mar...rd-times-in-2026/ar-AA1UdQIO?ocid=socialshare
 
Weekly scrap market report

Copper Soars, Platinum Breaks Records: Scrap Prices Hit New Highs!​

Check Scrap Prices: https://iScrapApp.com/ - The scrap metal markets are on fire — and it’s not just copper making moves. Several key metals have hit 52-week highs, with platinum even reaching all-time records. From converters to copper coils, here’s what scrappers need to know to stay ahead of the game:
Read more below the vid on youtube.

Copper Soars, Platinum Breaks Records: Scrap Prices Hit New
 

 

Stocks close higher Thursday, as chip, bank stocks rally: Live updates​

tocks climbed Thursday, rebounding from back-to-back losses as chip and banks stocks rallied.

The Dow Jones Industrial Average added 263 points, or 0.5%, boosted by gains in Goldman Sachs and Nvidia. The S&P 500 jumped 0.2%, while the Nasdaq Composite advanced 0.2%.

Those gains are off from the highs of the session. Earlier in the day, the Dow was higher by 431.55 points, or 0.88%. The S&P 500 rose 0.76%, and the Nasdaq had gained 1.06%.

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Winter Scrap Metal Tips [Make Money in Cold Weather!]​

Jan 15, 2026 ✪ Members first on January 8, 2026
Check Scrap Prices: https://iScrapApp.com/ - In this video, Tom shares essential winter scrapping tips to help you make money even when it's cold outside. Whether you're cleaning up after the holidays or stuck inside your garage, winter offers unique opportunities to cash in on scrap metal.

5:00
 

 
Bancosta Weekly

 

S&P 500 closes little changed Friday, posts weekly loss amid raft of Trump comments: Live updates​

The S&P 500 ended Friday just below the flatline and posted a losing week as traders weighed the latest comments made by President Donald Trump related to the Federal Reserve and geopolitics.

The broad market index slipped 0.06% and closed at 6,940.01. The Nasdaq Composite inched down 0.06% to settle at 23,515.39. The Dow Jones Industrial Average fell 83.11 points, or 0.17%, to end at 49,359.33.

The three major averages hit their session lows after Trump delivered remarks in the White House Friday, in which the president said he’d rather have National Economic Council Director Kevin Hassett stay in his current role and that he might not be chosen to become the next Fed chair.

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Take a close look

How many times does the USA Flag show up ?

Mmm, maybe a reason why the USA is looking at Venezuela & Greenland that are rich in ( untapped ) Resources/Minerals

 
 

Take five: From the ski slopes of Switzerland to the Supreme Court​

(Removes faulty story link in Davos section)

Jan 16 (Reuters) - Markets will have a lot to ponder in the coming week as January's hectic start continues apace, with U.S. President Donald Trump's appearance at the World Economic Forum in Davos taking centre stage.

The ongoing battle for control at the Federal Reserve will also head to the Supreme Court and the Bank of Japan meets, with a possible snap election on the horizon.

Here's all you need to know about the coming week in financial markets by Amanda Cooper and Naomi Rovnick in London, Rae Wee in Singapore, Kevin Buckland in Tokyo and Lewis Krauskopf in New York.

More:

https://www.msn.com/en-us/money/mar...he-supreme-court/ar-AA1Ul4Oy?ocid=socialshare
 
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