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Dollar rises to start 2026 after biggest annual drop in eight years

In Today’s News

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Luxury retailer Saks Global CEO Marc Metrick steps down as bankruptcy looms

The change at the top comes days after the Wall Street Journal reported that the Neiman Marcus parent company is preparing for bankruptcy after missing an interest payment exceeding $100 million on debt from its Neiman merger.Saks Global was created after Saks Fifth Avenue parent Hudson’s Bay Company acquired …

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Tesla loses EV crown to China’s BYD as competition, tax credit expiry hit demand

Jan 2 (Reuters) – Tesla ceded its crown as the world’s top electric vehicle maker to China’s BYD, after annual sales fell for a second year, hit by rising competition, the expiry of U.S. tax credits and brand backlash.With global EV sales rising 28% last year, BYD outsold Tesla for the first time on an annual …

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 While most investors chase trends, real growth is happening behind the scenes-where defense contractors are locking in long-term contracts. This free report breaks down 5 public names flying under Wall Street’s radar. Get the report on 5 contractors riding this spending wave.

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Dollar rises to start 2026 after biggest annual drop in eight years

NEW YORK, Jan 2 (Reuters) – The U.S. dollar began 2026 stronger on Friday, snapping last year’s slump against most currencies as investors look ahead to a critical week of economic data that could steer Federal Reserve policy and global markets.The rebound follows the sharpest annual decline since 2017 o …

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