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Economictimes.indiatimes.com 

US inflation firms up in December, keeping Fed in wait-and-watch mode

U.S. consumer inflation edged up 0.3% in December, keeping year-on-year CPI at 2.7%, reinforcing expectations that the Federal Reserve will maintain a wait-and-watch approach. While price pressures remain above target, the data suggests a gradual disinflationary trend, providing markets with reassurance without prompting an immediate shift in monetary policy.

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Saks Files for Bankruptcy as Department Stores Fight for Survival - The New York Times

  1. Saks Files for Bankruptcy as Department Stores Fight for Survival  The New York Times
  2. Saks Global files for bankruptcy amid luxury market strains  CNN
  3. Factbox-What Saks Global's bankruptcy filing reveals about its assets, creditors, financing  Yahoo Finance
  4. Luxury retailer Saks seeks bankruptcy protection overwhelmed by debt  The Detroit News
  5. Saks files for bankruptcy as it struggles to pay debts  The Washington Post