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Finance and wealth

Eddie Bauer faces retail collapse with 200 stores set to close

Feb. 02, 2026 / Business+ Finance and wealth / Author: Praise Swint

  Courtesy:lovelywayfarer Eddie Bauer’s collapse underscores the reality facing many legacy brands. Even a long history does not guarantee survival in today’s competitive retail environment. The brand enters 2026 joining Sears and Kmart, two other retail giants now facing possible closure after once anchoring American shopping malls. A long history of bankruptcy struggles This upcoming…

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Gold and silver extend dramatic two-day losses

Feb. 02, 2026 / Finance and wealth / Author: Praise Swint

Courtesy: Dash Cryptocurrency on Unsplash Gold and silver entered the new week under heavy pressure, deepening a rapid sell-off that began just days after both metals broke record levels. After months of strong gains fueled by safe haven demand and speculation, the precious metals market experienced a swift turnaround driven by a firmer dollar and…

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Bitcoin falls sharply amid federal reserve uncertainty

Feb. 01, 2026 / Finance and wealth / Author: Praise Swint

Courtesy: Kanchanara on Unsplash Bitcoin saw a dramatic decline this past weekend, dropping below $78,000 for the first time since 2024. Investors responded quickly to President Donald Trump’s nomination of Kevin Warsh as the next chair of the Federal Reserve, prompting a reassessment of interest rate expectations and riskier assets across financial markets. On Friday,…

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S&P 500 slides 1% as Microsoft plunge derails tech rally

Jan. 29, 2026 / Finance and wealth / Author: Praise Swint

Courtesy: adam smigielski from unsplash U.S. stocks retreated Thursday as a sharp decline in Microsoft weighed heavily on the broader market, undercutting optimism around recent earnings from the technology sector and reviving concerns about valuations and growth expectations. The pullback came as investors also assessed the Federal Reserve’s latest interest rate decision and guidance on…

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UPS delivers strong Q4 and previews growth-focused 2026

Jan. 27, 2026 / Finance and wealth / Author: Praise Swint

UPS closed out 2025 with fourth-quarter results that highlighted both financial resilience and a company in the midst of strategic transformation. The logistics giant reported $24.5 billion in consolidated revenue for the quarter and paired those results with forward-looking guidance that positions 2026 as a pivotal year for its long-term growth and margin strategy. The…

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Francesca’s sudden exit leaves fans stunned

Jan. 20, 2026 / Finance and wealth / Author: Praise Swint

Courtesy: Pexel by pixabay The long decline of Francesca’s appears to be coming to an end, as the women’s clothing retailer prepares to permanently shut down its remaining stores amid allegations of sudden layoffs and mounting unpaid debts to vendors. Once known for its small boutique-style locations and trend-driven merchandise, the chain is now liquidating…

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Is the S&P 500 about to break out? What signals show

Jan. 20, 2026 / Finance and wealth / Author: Praise Swint

Courtesy: Sergei Tokmakov, Esq. from Pixabay The stock market is entering a decisive moment as fresh technical data suggests the S&P 500 index is testing levels that could determine its next meaningful move. Recent price action shows neutral momentum in the near and mid-term, paired with a constructive long-term outlook that continues to attract tactical…

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Does the stock market close for MLK Day?

Jan. 19, 2026 / Business+ Finance and wealth / Author: Praise Swint

Courtesy:rminedaisy on Unsplash Monday, Jan. 19, 2026, marks Martin Luther King Jr. Day, a federal holiday honoring the civil rights leader’s legacy. Established in 1983 by President Ronald Reagan, MLK Day is observed each year on the third Monday of January, close to King’s birthday on Jan. 15. As with most federal holidays, schools, government…

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Wall Street tumbles 2nd straight day on Fed fears

Jan. 15, 2026 / Finance and wealth / Author: Praise Swint

  U.S. stocks moved lower for a second straight session as investors weighed earnings reports, shifting expectations for interest rates and renewed geopolitical concerns. The pullback marked a pause after markets hovered near record territory earlier in the week, with technology shares once again leading the decline. The S&P 500 finished the session down more…

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