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Business & Tech

Wall Street edges higher in a wobbly start to 2026

NEW YORK (AP) — U.S. stocks eked out small gains on Wall Street Friday in a wobbly day of trading to kick off the new year. Markets were mostly quiet on the first trading day of 2026, with the influential technology sector driving much of the up-and-down action. The mostly minor moves also ...

Fans mourn closure of cupcake vending machine company Sprinkles Cupcakes

NEW YORK (AP) — Sprinkles Cupcakes, a company famous for selling sweet treats in vending machines known as “cupcake ATMs,” has shut down after 20 years of operation around the United States, according to its former owner. “Even though I sold the company over a decade ago, I still have ...

Saks CEO steps down as luxury retailer struggles under heavy debt load

NEW YORK (AP) — The top executive of the private company that owns Saks Fifth Avenue and Neiman Marcus is stepping down as it struggles with debt taken on to buy a rival almost two years ago. Saks Global Enterprises said Friday that the departure of CEO Marc Metrick is effective ...