Saks Global Bankruptcy Shakes Luxury Retail Industry Worldwide

The global luxury retail industry is facing another major disruption as Saks Global, the parent company of Saks Fifth Avenue and Bergdorf Goodman, has officially filed for bankruptcy protection in early 2026. The move comes less than a year after its much-publicized takeover, which was expected to stabilize finances and…

Read More

PepsiCo Invests in Lab-Grown Ingredients to Secure the Future of Food

PepsiCo is making a strategic move to future-proof its global food supply by investing in lab-grown ingredients, signaling a major shift in how large food corporations approach sustainability, resilience, and innovation. As climate change, resource scarcity, and supply chain disruptions continue to pressure traditional agriculture, PepsiCo’s investment highlights a growing…

Read More

AI Data Centers Spark $120B Debt Wave in Big Tech

The world’s largest technology companies are borrowing at a blistering pace to fuel the artificial intelligence boom, collectively raising more than $120 billion in new debt this year alone to build massive data centers that power generative AI models. Meta, Amazon, Google, Microsoft, and Oracle now carry a combined debt…

Read More
1 2 3 9