Kohl’s shares plunge 15% as retailer gives rough outlook for the year ahead: For 2025, Kohl’s expects revenue to fall 5% to 7%, compared with Wall Street estimates of a 1.6% decrease, according to LSEG. The company projected comparable sales will decline 4% to 6%, while analysts anticipated a 0.9% decrease, according to StreetAccount.
Amid recession 2025 fears, consumers are pessimistic about finances: Households also grew more worried about being able to pay their bills, the New York Fed’s survey found. Respondents’ perceived likelihood of missing a minimum debt payment over the next three months rose to 14.6%, the highest level since April 2020, near the start of the Covid-19 pandemic
GWG Trustee Strikes Deal Shielding Former Officials, Companies: GWG Holdings Inc.’s litigation trustee is seeking approval for a settlement with former executives that includes liability releases following a complaint filed last year accusing them of “corporate looting.”
DOJ Bankruptcy Head's Firing Unleashes Politics in Debt World: The firing of the director of the Justice Department’s US Trustee Program, Tara Twomey, casts a partisan shadow onto the bankruptcy watchdog—an otherwise inconspicuous role within the federal government
