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fanatics markets

Saks and Neiman Marcus Cut Store Count as Debt Gets Slashed

March 7, 2026

The luxury retail giants are trimming their physical footprints to stay afloat. In a new move, the parent company will shut 12 Saks Fifth Avenue locations and three Neiman Marcus shops by the end of May. This follows earlier closures that ended in April, bringing the total number of shutdowns to 24

business

Big Bet: Hedge Fund Boosts Flutter Shareholding

March 6, 2026

A hedge fund has raised its ownership in the world’s largest online betting company to 10. 7 percent, doubling from 5. 1 percent a few months ago. The move was revealed in a public filing, but the fund did not explain why it chose to increase its stake. When asked for a comment, it stayed silent. F

politics

Alaska’s Energy Future: Why a Pipeline Beats Quick LNG Export

March 6, 2026

The idea of sending gas straight from the North Slope to overseas markets without a pipeline raises serious concerns. First, it would bring huge ships close to fragile Arctic communities, disturbing traditional whaling that sustains both food and culture. Hunters rely on clear waters; large tankers

business

New Deals and Fresh Spaces in Virginia Beach

March 6, 2026

A fresh wave of commercial activity has rolled into the Hampton Roads area. One owner turned an old factory on Cumberland Avenue into a potential ice‑cream shop, paying $390, 000 for the 6, 800‑square‑foot space. In Williamsburg, a church group bought part of an old pottery site for $5. 56 million t

crypto

Kraken, Bitcoin Firms and NYSE Push the Crypto‑Banking Bridge

March 6, 2026

Kraken has won a first‑of‑its‑kind deal that lets the crypto exchange talk directly with the U. S. central bank’s payment system, cutting out many of the banks it has had to rely on in the past. The move means Kraken can send and receive dollars straight through the Fed’s real‑time network, giving i

finance

Tokenized Securities Get Same Capital Treatment as Traditional Ones

March 6, 2026

Banks and regulators have announced that digital versions of securities, known as tokenized securities, will be treated exactly like their conventional counterparts when it comes to capital requirements. The Federal Reserve, the FDIC, and the Office of the Comptroller of the Currency explained that

business

Micron’s Memory Boom: What 2026 Holds

March 6, 2026

Micron has seen its shares jump more than a third in the past year, riding the wave of growing AI and data‑center demand. The company’s core memory chips—DRAM for speed and NAND for storage—are now key in everything from self‑driving cars to military drones, widening the market far beyond traditiona

business

Continental Eyes Bigger 2026 Profits While Wrapping Up Its Big Shift

March 6, 2026

Continental plans to lift its earnings next year, even as markets stay shaky. The move hinges on booming sales of large premium tires, falling raw‑material costs, and a rebound in industrial demand later in 2026. The company also counts on gains from streamlining its ContiTech unit, though trade bar

business

Crypto Fund Grows Even When Markets Shrink

March 5, 2026

Andreessen Horowitz, known as a16z, is launching another crypto fund. The new pot will be worth two billion dollars and should close by mid‑2026. Earlier, the firm pulled in four and a half billion for its 2022 fund, but this time it will raise faster. This change helps the firm keep up wit

business

New Chapter for Dark Horse: A Shift in Leadership and Vision

March 5, 2026

Dark Horse Entertainment has entered a new era as its long‑time CEO, Mike Richardson, steps down after four decades of guiding the company from a small Oregon comic book shop to a global media powerhouse. The decision comes as part of Embracer Group’s plan to refresh Dark Horse’s direction after