Saks divisive debt reshuffle shows a retail sector under strain

Wall Street's major banks, including JPMorgan and Goldman Sachs, announced significant shareholder payouts after passing relaxed regulatory stress tests, reflecting a less stringent banking environment post-2008 financial crisis. JPMorgan plans a $50 billion share buyback and increases its dividend to $1.50 per share, while Goldman raises its dividend by 33% to $4, marking a shift towards increased capital returns to shareholders. Explain It To Me Like I'm 5: Big banks are giving more money to...

A homicide investigation is underway after a body was found in Freemans Bay, Auckland, around 10pm on Renall St. Police have a suspect in custody and are not seeking anyone else, while a scene examination continues and an increased police presence is noted in the area. Explain It To Me Like I'm 5: A person was found dead in a house in Auckland, and the police are trying to find out what happened. Want More...

French journalists' unions have urged Algeria to release Christophe Gleizes, a French football writer sentenced to seven years for supporting terrorism after engaging with a proponent of Kabyle self-determination. His case, which highlights tensions between France and Algeria, echoes that of writer Boualem Sansal, also imprisoned for allegedly threatening national unity, amidst strained diplomatic relations. Explain It To Me Like I'm 5: French journalists are asking Algeria to free a football writer, Christophe Gleizes, who...

A Church of England priest, Christopher Brain, faces trial for 36 counts of indecent assault and one count of rape against 13 women from his evangelical group, the Nine O’Clock Service, which he led in Sheffield during the 1980s and 1990s. Prosecutors allege he created a controlling environment, encouraging women to cut ties with family and that many assaults occurred during massages, with claims of non-consent due to his domineering influence over them. Explain It...

President Trump visited the new detention center in Florida's Everglades, dubbed "Alligator Alcatraz," which is set to hold 1,000 migrants and aims to address illegal immigration. The facility, surrounded by dangerous wildlife, has faced opposition due to potential environmental impacts on the sensitive ecosystem, raising concerns about its long-term implications. Explain It To Me Like I'm 5: President Trump visited a new detention center in Florida, called "Alligator Alcatraz," which will hold about 1,000 migrants...

US President Donald Trump plans to meet Israeli Prime Minister Benjamin Netanyahu to discuss a ceasefire in Gaza, aiming for a hostage release deal with Hamas, which has expressed willingness to negotiate. The ongoing conflict, ignited by a Hamas attack on October 7, has resulted in significant casualties and a humanitarian crisis in Gaza, leading to severe international accusations against Israel. Explain It To Me Like I'm 5: US President Donald Trump is meeting with...