Bloomberg Macy’s Inc projected sales and earnings for the current year that outpaced Wall Street’s estimates — a sign that its efforts to boost online sales are paying off. Following the release, Fitch Ratings boosted the department-store retailer to investment grade. The company sees full-year earnings of $4.13 to $4.52 a share, excluding some items, topping the $3.98 average ...

Bloomberg Russia began a full-scale invasion of Ukraine after President Vladimir Putin vowed to “demilitarise” the country and replace its leaders, triggering the worst security crisis in Europe since World War II and prompting the West to threaten further punishing sanctions in response. Russia launched a barrage of missile, artillery and air attacks early on Thursday, with Ukraine reporting dozens ...

Bloomberg US President Joe Biden promised to impose “severe sanctions” against Russia for its invasion of Ukraine and he was expected to spell out the economic penalties in a public address on Thursday. The question is how far he and allies will to go to punish President Vladimir Putin. The kind of measures could include cutting Russia’s top banks from ...