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  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 ...

Bloomberg Canada is lifting the emergency powers it enacted more than a week ago to get street protests under control, with Prime Minister Justin Trudeau saying the unprecedented authority is no longer needed. His government invoked the never-before-used Emergencies Act after hundreds of semis and other heavy vehicles blockaded the downtown of Canada’s capital city for three weeks. The demonstration ...

  Bloomberg The Pentagon is making as many as 700 National Guard troops available to Washington law enforcement to keep traffic flowing if a threatened protest convoy of trucks clogs the already congested Beltway in coming days. Social media users opposed to vaccine mandates have posted frequently about the so-called People’s Convoy, inspired by recent protests in Canada. But there ...

  Bloomberg Brazilian President Jair Bolsonaro has a slight, first-round edge over his main challenger Luiz Inacio Lula da Silva in the upcoming presidential race, but would still lose a runoff vote by a wide margin, according to the latest poll. A survey by Futura Inteligencia published on Wednesday showed that the president would get 34.3% of voter intentions, while ...

Bloomberg Europe is bracing for what could be an exodus of more than a million refugees after Russia launched a full-scale attack on Ukraine, as officials say any initial strain will be borne by member states on the bloc’s eastern frontier. The order of a full-scale invasion from President Vladimir Putin, triggering one of the worst security crises in Europe ...

  Bloomberg American Electric Power is planning to sell some or all of its renewable energy portfolio in order to focus on its core utility business. “This move will simplify and de-risk the company while allowing us to redeploy capital to our regulated businesses, where we see a meaningful pipeline of investment opportunities to enhance service for customers across our ...

  Bloomberg Carrols Restaurant Group Inc, the largest Burger King owner in the US, is cutting its chicken-nugget portion sizes as surging beef and wage costs hit profit. Beef costs were up 33% in the fourth quarter compared with a year earlier for Carrols, which owns more than 1,000 Burger King stores. It’s a big deal for the seller of ...

  Bloomberg Chancellor of the Exchequer Rishi Sunak laid out a vision to cut taxes in the UK, establishing his credentials as a Thatcherite who can appeal to the members of his Conservative Party who are questioning Prime Minister Boris Johnson’s leadership following a succession of scandals. “I firmly believe in lower taxes,” Sunak said at the annual Mais lecture ...