Business

Saks Fifth Avenue is spinning off its e-commerce business. Is it a good idea?

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Saks Fifth Avenue’s spinoff has a high valuation. But it might not be the best long-term bet for the store itself Read More

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Bitcoin bombs lower, touching the dreaded $30,000 range

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This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Happy Friday, Bull Sheeters. A risk-off mood has descended over markets as COVID worries intensify. From Tokyo to Frankfurt, there’s red on the screens, and U.S. futures aren’t doing much better. […]
Business

Even the COVID-19 vaccine rollout is dangerously faulty. Science and information could mend it

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With limited tools of COVID-19 vaccines currently available, countries are scrambling to pick  who must be first in line to get the shots. However, oftentimes, that issue has been settled dependent on broadly tagged groupings of at-risk inhabitants, for example”the older” or even”essential workers” While it might sound easy, this strategy is short-sighted, as it dismisses the […]
Business

The Brexit trade negotiations aren’t dead yet, but they’re not far from it

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It’s time to prepare for a no-trade-deal Brexit, U.K. Prime Minister Boris Johnson said Friday, just hours after the country’s biggest grocer warned of potential food shortages if there is disruption after the Brexit transition period ends. Johnson’s announcement heralds a final showdown between the U.K. and the European Union over the question of whether […]