DF Kohl’s Corp., the Menomonee Falls-based department store chain, reported a disappointing third quarter with net sales and comparable sales falling 8.8% and 9.3%, respectively, compared to last year. Outgoing CEO Tom Kingsbury attributed the decline to sales pressure, particularly in its core apparel business. The company has struggled to boost sales since the start of … Read more
The universe’s expansion rate remains one of the most fundamental questions in modern astrophysics. Scientists have been trying to determine this rate for decades, known as the “Hubble constant,” which shapes our understanding of the cosmos and its age. Adam Riess, a physicist at Johns Hopkins University, has dedicated his career to resolving the Hubble … Read more
The universe’s expansion rate has long been a subject of debate among scientists. Despite numerous attempts to measure the “Hubble constant,” which determines the rate of expansion, researchers have hit a roadblock known as the “Hubble tension.” The discrepancy between measurements from local and early universes suggests that our current understanding may be incomplete. Adam … Read more
US consumer price increases accelerated last month, driven by resilient inflation pressures. According to the Federal Reserve’s preferred inflation gauge, prices rose 2.3% from a year earlier in October, up from 2.1% in September. Excluding volatile food and energy categories, core prices increased 2.8%, higher than the 2.7% rise seen in September. This increase is … Read more
A new nine-story hotel is set to be built in downtown Milwaukee’s Deer District, part of a growing entertainment hub. The Moxy Milwaukee Downtown hotel, proposed by Middleton-based North Central Group, will offer 162 rooms and join the area’s thriving social scene. Scheduled to break ground late next year, the hotel will feature check-in at … Read more
Former US Senator Robert Menendez has asked a federal court to throw out his recent corruption conviction, citing an error that allowed jurors to review improper evidence during deliberations. Menendez was convicted on July 16 of accepting bribes in exchange for shepherding military aid to Egypt. Prosecutors had initially admitted that the jury reviewed nine … Read more
MicroStrategy, led by CEO Michael Saylor, has created a business model that securitizes bitcoin through innovative financial tools. This approach has generated significant interest among investors and raised questions about its sustainability and impact on the price of bitcoin. To understand MicroStrategy’s strategy, it’s essential to look at how it works. The company, which provides … Read more
Hezbollah, a Lebanese militant group, has entered a cease-fire with Israel after 13 months of war. According to Ben Hubbard, an international correspondent for The New York Times, the conflict has left Hezbollah weakened and isolated. The cease-fire comes as Hezbollah faces internal pressure from its supporters in Lebanon, where many are eager for the … Read more
US stocks fell on Wednesday, snapping a seven-day winning streak, while bond prices rose as Treasury yields slipped. The S&P 500 dropped 0.38%, while the Dow Jones Industrial Average slid 0.31%. Inflation in October ticked up 2.3% on a 12-month basis, according to the U.S. Commerce Department. Core inflation rose 0.3% on the month, higher … Read more
The US has imposed new chip sanctions on China, set to deal a significant blow to its self-reliance push in the semiconductor industry. Major domestic suppliers could be blacklisted under these measures, according to sources. The US Commerce Department declined to comment on the sanctions, while China’s foreign ministry spokeswoman Mao Ning condemned the move, … Read more