by John Hill | Mar 31, 2026 | Uncategorized
When Nordstrom went private last year, the move was seen by industry analysts as a way to let the founding family make the changes needed to rejuvenate its sagging department store business without being hemmed in by Wall Street’s short-term focus on profits. Nearly a...
by John Hill | Mar 31, 2026 | Uncategorized
The U.S. war on Iran set up Russia’s economy for a major rescue when oil prices soared after the closure of the Strait of Hormuz. But if President Vladimir Putin was expecting a huge windfall, that view may literally be going up in smoke. With one-fifth of the world’s...
by John Hill | Mar 31, 2026 | Uncategorized
Federal Reserve Chair Jerome Powell delivered a pointed message to the next generation of workers last week: Stop worrying about artificial intelligence and start learning how to use it. Speaking before nearly 400 Harvard economics students in a wide-ranging...
by John Hill | Mar 31, 2026 | Uncategorized
Fannie Mae and Freddie Mac, the two government-sponsored businesses designed to prop up mortgages, ripped on Monday after billionaire investor Bill Ackman told investors in a late Sunday X post to stop worrying about the war in Iran and start buying. “Some of the...
by John Hill | Mar 31, 2026 | Uncategorized
There are an estimated 938 billionaires in the United States. To put that into context, that’s about two full Boeing 747s (each one holds 416 passengers). Or, that’s about half of the 1,763 seats in the Broadway Theatre, where you can now catch The Great Gatsby. It’s...
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