A storied department store chain is closing eight locations, one of which anchors a mixed-use project in suburban Philadelphia.

Inside the arms race to satisfy travelers for whom exclusivity is everything and money is no object.

The makeup artist Pat McGrath was a favorite of Taylor Swift, Kim Kardashian and Madonna. Then she became a billion-dollar brand.

Employment data for January is set to be released by the Labor Department on Wednesday.

The employment report due this week is expected to show that job growth was much weaker for 2024 and 2025 than thought.

A French logistics behemoth promised $20 billion for the United States, but a year into President Trump’s second term, only a fraction of the money has arrived.

Ford Motor reported a big loss for 2025 because of its troubled electric vehicle division, which it has significantly scaled back.

The vaccine maker said the U.S. regulator rejected its request to seek approval for a new product using mRNA technology, which Health Secretary Robert F. Kennedy Jr. has sharply criticized.

KKR Real Estate Finance Trust is planning to majorly restructure its portfolio this year.
In what was described as a “year of transition” by CEO Matt Salem on KREF’s Q4 earnings call, the mortgage REIT aims to sell off troubled assets on its internal watchlist — struggling loans and most of the properties it owns through foreclosure — so its discounted stock price will be given more value. 
Its portfolio stands at $5.4B, with multifamily and industrial assets accounting for 58%. 
“The goal is to get through and monetize or liquidate the vast majority of that watchlist,” Salem said on the call.
The list includes a…

Compass Datacenters plans to raise $830M by securitizing a portfolio of hyperscale data centers in the U.S. and Canada.