ECONOMY – Page 39 – One America News Network

NORTH MIAMI, FL - MAY 23: Customers walk out of Macy's the day after the company announced that the 56 Burdines stores and the seven Macy's stores in Florida all will operate under the combined name of Burdines-Macy's May 23, 2003 in North Miami, Florida. The union is part of a strategy by parent company Federated Department Stores to use the national marketing clout of the Macy's name and take advantage of larger buying power. All of Federated's regional department store chains will make similar moves. The Miami-based Burdines will actually be the last one to be converted to the same name. (Photo by Joe Raedle/Getty Images)

Macy’s Closing 150 Stores By 2026, Pivoting To Luxury Sales

Macy’s plans to close almost 150 locations nationwide in order to move towards leaning more heavily on its luxury Bloomingdale’s and Bluemercury chains.

Video still from In Focus on One America News Network during an interview with the guest, Dr. Dave Brat.

Bidenomics v. MAGAnomics

with Dr. Dave Brat

WASHINGTON, DC - JUNE 30: Student debt relief activists participate in a rally at the U.S. Supreme Court on June 30, 2023 in Washington, DC. In a 6-3 decision the Supreme Court struck down the Biden administration’s student debt forgiveness program in Biden v. Nebraska. (Photo by Kevin Dietsch/Getty Images)

Biden Cancels Another $1.2B In Student Loan Debt

The Biden administration has announced they are canceling another $1.2 billion in student loan debt for over 150,000 borrowers, six months ahead of schedule.

Report: Capital One To Acquire Discover Financial Services

Credit card issuer and Warren Buffet-backed consumer bank Capital one, will acquire the credit card lender Discover Financial Services, according to The Wall Street Journal.

Inflation Readings Come in Hotter-Than-Expected

Producer prices came in higher than expected today, so did the consumers prices earlier this week. Producer prices show what producers pay to make goods, which ultimately affects consumers.

Video still from In Focus on One America News Network during an interview with the guest, Jess Weber.

America: Land of Rainbows and Bad Economy

with Jess Weber