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Women’s fashion retailer closes 170 stores in turnaround push

When you look at mall traffic from a broad view, it seems like large-scale shopping centers remain on strong footing. “Traffic to malls increased in Q1 2026 across all three formats analyzed – indoor malls, open-air shopping centers, and outlet malls – largely thanks to strong performances in the first two months of the year,” […]

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Bank of America offers critical debt elimination plan

The average cardholder now owes $6,595 in revolving balances, Capital One’s analysis confirmed. Annual percentage rates hover near 21%, Federal Reserve data showed, turning everyday purchases into years of compounding interest. Bank of America’s Better Money Habits platform outlines a structured debt-elimination framework that features two competing strategies and requires no advisors or special products. 

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A pilot of a major airline arrested over secretly flying without a proper license

A pilot working for Air Canada, the country’s national airline, has been arrested and charged with seven criminal counts after flying hundreds of flights without the proper license since 2009. The matter was first discovered by the airline and referred to Canadian transportation government agency Transport Canada and the regional police for a fraud investigation

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102-year-old fashion giant faces 400 store closures

A major international retailer is preparing for a significant overhaul of its store network after warning that dozens of locations will close and hundreds more are under review. The company’s latest results show a business facing growing profitability challenges despite continued revenue growth. Its performance reflects broader pressures across the apparel industry, where rising operating

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T-Mobile adds new internet plan restriction customers will feel

T-Mobile has recently been making significant changes to its internet plans amid rising consumer demand. The company’s fiber and fixed wireless internet services attracted over 500,000 new customers in the first quarter of 2026, T-Mobile CEO Srini Gopalan said on an earnings call with analysts in April.  “For yet another quarter, we were the fastest-growing

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Another airline files for bankruptcy protection, cancels flights

The string of small airlines filing for bankruptcy following the surge in jet fuel prices continues. Along with the high-profile collapse of major low-cost airline Spirit Airlines, Mexican holiday carrier Magnicharters also filed for bankruptcy protection in Mexico City in May while British cargo airline European Cargo entered administration (the UK equivalent of bankruptcy) at the start

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