Any good arson investigator can spot areas of higher concentration of an accelerant at the scene of a fire. In the conflagration sweeping bricks-and-mortar retail, it’s likely that history will designate the accelerant as the newly appointed head of the first major chain to start closing profitable stores in large numbers: Macy’s chief executive, Jeff Gennette. The future of …

  Silicon Valley tech companies have good reason to be concerned about President Donald Trump’s plans to review the H-1B visa program, which has been crucial in providing them access to foreign labour. It wouldn’t be such a big deal, though, if they didn’t put their offices in such expensive places. The valley’s biggest employers each host thousands of workers …

  With the exception perhaps of Goldman Sachs Group Inc., first-quarter earnings at US banks are booming, powered by gains in fixed-income trading. But if you think that’s cause for celebration among job seekers in Asia, you’d be wrong. Beyond digital banking, the region’s hiring thermometer is set to deep freeze. It’s a reflection of the broader slowdown in investment …