Macy's Faces New Activist Pressure Amidst Declining Sales and Accounting Irregularities
Activist investor Barington Capital and Thor Equities are pushing Macy's to cut costs, sell luxury brands, and optimize its real estate portfolio, following declining sales and a recent \$154 million accounting irregularity.
Macy's Faces New Activist Pressure Amidst Declining Sales and Accounting Irregularities
Activist investor Barington Capital and Thor Equities are pushing Macy's to cut costs, sell luxury brands, and optimize its real estate portfolio, following declining sales and a recent \$154 million accounting irregularity.
Progress
40% Bias Score
£100M UK Investment to Boost Civil Service Productivity
The UK government is investing £100 million in "test and learn" teams of problem-solvers to improve public services, initially tackling temporary accommodation costs and family hub reach in Manchester, Sheffield, Essex, and Liverpool, starting January.
£100M UK Investment to Boost Civil Service Productivity
The UK government is investing £100 million in "test and learn" teams of problem-solvers to improve public services, initially tackling temporary accommodation costs and family hub reach in Manchester, Sheffield, Essex, and Liverpool, starting January.
Progress
44% Bias Score
Continental to Spin Off Automotive Division by 2025
Continental, a German automotive supplier, will spin off its underperforming automotive division by the end of 2025, involving 7,150 job cuts and €400 million in annual cost reductions, to create a "leaner" company focused on its profitable tire business.
Continental to Spin Off Automotive Division by 2025
Continental, a German automotive supplier, will spin off its underperforming automotive division by the end of 2025, involving 7,150 job cuts and €400 million in annual cost reductions, to create a "leaner" company focused on its profitable tire business.
Progress
40% Bias Score
Canary Islands Rejects Proposed Tourist Tax Amidst Legal and Political Debate
The Canary Islands government rejected a proposed tourist tax due to concerns about unconstitutionality if not applied to residents, despite a report suggesting that exempting residents requires justification; this follows years of public demand and previous failed attempts.
Canary Islands Rejects Proposed Tourist Tax Amidst Legal and Political Debate
The Canary Islands government rejected a proposed tourist tax due to concerns about unconstitutionality if not applied to residents, despite a report suggesting that exempting residents requires justification; this follows years of public demand and previous failed attempts.
Progress
48% Bias Score
Mexican Inflation Moderates to 4.55% in November 2024
Mexico's annual inflation rate fell to 4.55% in November 2024, its lowest level since March 2024, driven by a significant drop in the monthly rate and lower-than-expected core inflation; however, some food and energy prices remain significantly elevated.
Mexican Inflation Moderates to 4.55% in November 2024
Mexico's annual inflation rate fell to 4.55% in November 2024, its lowest level since March 2024, driven by a significant drop in the monthly rate and lower-than-expected core inflation; however, some food and energy prices remain significantly elevated.
Progress
24% Bias Score
Turkish Construction Stocks Surge on Syria Reconstruction Expectations
Following Turkish Foreign Minister Hakan Fidan's statement about Turkey's role in Syria's post-Assad regime reconstruction, shares of Turkish construction, cement, and steel companies surged; Enka Insaat rose 4.6%, cement company stocks rose 8-10%, and Iskenderun Demir Celik rose almost 10%.
Turkish Construction Stocks Surge on Syria Reconstruction Expectations
Following Turkish Foreign Minister Hakan Fidan's statement about Turkey's role in Syria's post-Assad regime reconstruction, shares of Turkish construction, cement, and steel companies surged; Enka Insaat rose 4.6%, cement company stocks rose 8-10%, and Iskenderun Demir Celik rose almost 10%.
Progress
52% Bias Score
Victoria Faces $24 Billion School and Kindergarten Construction Bill
Victoria faces a $24.2 billion infrastructure challenge to accommodate a surge in early childhood education and primary/secondary school demands by 2036, necessitating 900 new kindergartens and 60 new schools to create nearly 138,000 new places.
Victoria Faces $24 Billion School and Kindergarten Construction Bill
Victoria faces a $24.2 billion infrastructure challenge to accommodate a surge in early childhood education and primary/secondary school demands by 2036, necessitating 900 new kindergartens and 60 new schools to create nearly 138,000 new places.
Progress
32% Bias Score
Continental to Spin Off Automotive Division by 2025
Continental, a Dax-listed company, will spin off its loss-making automotive division, employing almost 96,400 people, by the end of 2025, focusing on its profitable tire business to improve investor appeal, following years of financial losses and a current cost-cutting program eliminating 7,150 jobs...
Continental to Spin Off Automotive Division by 2025
Continental, a Dax-listed company, will spin off its loss-making automotive division, employing almost 96,400 people, by the end of 2025, focusing on its profitable tire business to improve investor appeal, following years of financial losses and a current cost-cutting program eliminating 7,150 jobs...
Progress
44% Bias Score
UK Job Vacancies Plunge Amidst Autumn Budget Fallout
UK job vacancies plummeted in November 2023, falling to a 43.9 index reading (below 50 signals contraction) due to the Autumn Budget's increase in the National Minimum Wage and employer National Insurance contributions, impacting hiring decisions across various sectors.
UK Job Vacancies Plunge Amidst Autumn Budget Fallout
UK job vacancies plummeted in November 2023, falling to a 43.9 index reading (below 50 signals contraction) due to the Autumn Budget's increase in the National Minimum Wage and employer National Insurance contributions, impacting hiring decisions across various sectors.
Progress
56% Bias Score
Supreme Court Upholds Tenant Pre-emption Rights in Blackstone Housing Sale
The Spanish Supreme Court ruled that four tenants of subsidized housing sold by Blackstone can buy their homes at the original price, upholding their right of pre-emption due to the sale being 'grouped', not 'joint', as it excluded 44 garages, setting a precedent for similar cases.
Supreme Court Upholds Tenant Pre-emption Rights in Blackstone Housing Sale
The Spanish Supreme Court ruled that four tenants of subsidized housing sold by Blackstone can buy their homes at the original price, upholding their right of pre-emption due to the sale being 'grouped', not 'joint', as it excluded 44 garages, setting a precedent for similar cases.
Progress
32% Bias Score
EU Countries Push for Harmonized Vaping Product Taxation
Sixteen EU countries, led by the Netherlands, are pushing the European Commission to update its tobacco taxation laws to include vaping products, citing inconsistencies in national regulations that distort the single market.
EU Countries Push for Harmonized Vaping Product Taxation
Sixteen EU countries, led by the Netherlands, are pushing the European Commission to update its tobacco taxation laws to include vaping products, citing inconsistencies in national regulations that distort the single market.
Progress
36% Bias Score
Luxury Travel Prices Soar as Ultra-Wealthy Seek Total Privacy
Luxury travel prices are skyrocketing, with average nightly rates reaching $1,936 in Italy and $4,838 in Turks & Caicos, as ultra-high-net-worth individuals (UHNWIs) increasingly seek fully privatized experiences, such as private rail cars costing $80,000 per night and yachts at $1 million per day.
Luxury Travel Prices Soar as Ultra-Wealthy Seek Total Privacy
Luxury travel prices are skyrocketing, with average nightly rates reaching $1,936 in Italy and $4,838 in Turks & Caicos, as ultra-high-net-worth individuals (UHNWIs) increasingly seek fully privatized experiences, such as private rail cars costing $80,000 per night and yachts at $1 million per day.
Progress
52% Bias Score