Amazon threatens ‘drastic action’ after Saks bankruptcy, says $475M stake is now worthless
Amazon invested $475 million into Saks' acquisition of Neiman Marcus. It wants a federal judge to reject Saks' bankruptcy plan because it harms creditors.

Amazon invested $475 million into Saks' acquisition of Neiman Marcus. It wants a federal judge to reject Saks' bankruptcy plan because it harms creditors.
Trump urged Congress, which is grappling over an extension of key ACA tax credits, to pass "The Great Healthcare Plan" without delay.
Co-founder Daniel Ek recently stepped down as CEO, with co-CEOs Gustav Söderström and Alex Norström now at the helm of the music streamer.
The joint NATO exercise comes shortly after tense talks between officials representing the U.S., Denmark and Greenland.
Equinor, the Norwegian company developing the project, said it "will now focus on safely restarting construction activities."
Concerns about a U.S. strike on Iran had been mounting after Trump vowed to take action against the regime’s crackdown on widespread protests in the country.
"Anything that's infringing or attacking the independence of the central bank is a mess," Goolsbee told CNBC.
President Donald Trump phoned Democratic Sen. Elizabeth Warren earlier this week.
Kroenke represents a growing wave of ultra-wealthy entrepreneurs investing in long-held ranches and farmland.
In a rare interview, the three Buffett heirs said their world view, priorities and approach to philanthropy began in the Buffett household.
NBCUniversal's calling card used to be "Must See TV," but the modern media world has pushed the company in a new direction, led by live sports.
Goldman's revenue dipped 3% in Q4, which the company said was the result of off-loading the Apple Card loan portfolio to JPMorgan Chase.
Automakers Ford and GM are trying to figure out what to do with battery factories now that EV sales are falling way short of forecasts
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
Students are putting more emphasis on career training and post-college employment, as more opt for a two-year degree or even shorter-term credentials.
World's top ethereum treasury company said Thursday it made a $200 million equity investment in Beast Industries.
The wealth management unit posted $8.4 billion in net revenue in the most recent quarter, up from $7.5 billion a year earlier.
TSMCy delivered another estimate-beating quarter, with profit up 35% from a year ago as advanced chip orders tied to AI continued to dominate its business.
More than 800,000 federal student loan holders remain stuck in a backlog of applications for an affordable repayment plan or debt forgiveness.
We're raising more cash for the portfolio into strength after the S&P Short Range Oscillator officially entered overbought territory.
Minnesota and Hawaii are joining the growing list of states that require employers without retirement plans to enroll their workers in a state-run program.
The average amount owed on car trade-ins with negative equity rose to $7,214 — an all-time high, according to new data from car website Edmunds.
Danish Foreign Minister Lars Lokke Rasmussen described the White House talks as "frank but constructive."
The fourth-quarter estimated tax deadline for 2025 is Jan. 15. Here are the key things to know about the due date.