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Nordstrom’s Sales Return to 2019 Levels After Deal to Go Private
Nordstrom’s revenue has returned to its pre-pandemic peak less than a year after the department store went private in a $6.25 billion deal, according to people familiar with the matter.
Villeroy Says Economy Now Closer to ECB’s Adverse Scenario
The Iran war is pushing the euro-area economy closer to the European Central Bank’s adverse scenario, meaning the next policy move is very likely to be an increase in interest rates, Governing Council member Francois Villeroy de Galhau said.
National Minimum Wage rises this week
Around 2.7 million people are set to receive a pay rise this week as the national minimum wage goes up by 50p to £12.71 for over 21s.
Carson Block Is Hedging AI Meltdown By Betting Against Credit ETFs
Block bets against HYG, LQD on AI job loss fears
إيران تعمل مع عُمان على بروتوكول لمراقبة المرور في مضيق هرمز
أحدث إغلاق إيران لمضيق هرمز هزة قوية في أسواق الطاقة العالمية، وبدأ البحث عن بدائل برز من بينها ميناء الفجيرة The post إيران تعمل مع عُمان على بروتوكول لمراقبة المرور في مضيق هرمز appeared first on أريبيان بزنس.
German Investor Pain Spreads to London With Losses From Olympia
Versicherungskammer Bayern flagged millions of euros in losses linked to one of London’s biggest property developments, adding to already painful hits for the German insurer from a foray into US real estate.
In the age of vibe coding, trust is the real bottleneck
The rise of “vibe coding” is shifting the bottleneck in software development from writing code to verifying it—especially inside large, complex organizations.
Heathrow Airport Unit Is Eying Its Latest Bond Sale in Canada
A unit of Heathrow Airport is looking to raise around C$500 million ($359 million) through a bond sale in Canada, according to people familiar with the matter, amid improved market conditions there for overseas borrowers.
Logan Says Iran War Could Pull Fed Policy in Opposite Directions
Federal Reserve Bank of Dallas President Lorie Logan says the war in Iran is raising risks of both higher inflation and weakness in the labor market during an event in Dallas. (Source: Bloomberg)
Gen Z millionaires are rushing into crypto—and they blame the risky bet on FOMO. Fear of missing out
As trillions shift to younger generations, high-net-worth Gen Z and Millennials are betting on crypto at far higher rates than Gen X and boomers.
Russia Testing US Energy Blockade of Cuba With Second Oil Tanker
Russia plans to send a second oil tanker to crisis-ridden Cuba, further testing an effective US energy blockade of the communist-run island.
Blackstone Squeezes Thoma Bravo and Its Ailing Software Company Medallia
A group of private credit firms led by Blackstone Inc. has refused to extend another lifeline to software company Medallia, amping up pressure on owner Thoma Bravo to inject more equity into the troubled business or hand over the keys via a debt restructuring.
I knew about North Korean hackers—they still tricked me and got into my computer
A source reached out to me over Telegram. I didn’t realize his account was compromised until it was almost too late.
T. Rowe Price, Loomis Are Buying MBS That Have Grown Cheap
Money managers including T. Rowe Price Group Inc. are looking for bargains among mortgage bonds after the war in Iran and gyrating bond yields clobbered the securities over the last month.
Will the Iran War Send Food Prices Soaring?
How much have food prices, such as rice, gone up since the Iran war started? Not as much as you might think, Bloomberg Opinion columnist Javier Blas explains. (Source: Bloomberg)
The Impressively Resilient US Markets
Nothing’s really down very much.
Good Friday 2026: Are banks open tomorrow? Check here
Good Friday Are banks open tomorrow Check here
UK accuses Iran of Hormuz ‘hijack,’ holding global economy hostage
“We have seen Iran hijack an international shipping route to hold the global economy hostage," Foreign Secretary Yvette Cooper said.
Elon Musk, world’s first trillionaire: one implication of the massive SpaceX IPO
Exactly how much SpaceX plans to raise has not been disclosed but the figure is reportedly as much as $75 billion.
McDonald’s joins the value menu simpler is better trend with 10 items at less than $3 each
The current McValue menu lets customers choose from a limited array of $1 items if they purchase a regular-priced item.