Tess Torelli January 22, 2018

Abercrombie & Fitch shares jumped Monday after the retailer raised its fourth-quarter guidance. The retailer said it expects same-store sales to be up in the high-single digits, compared with the previous outlook of low-single-digit gains. Net sales for the quarter is now expected to increase in the low-teens, compared with the previous guidance of an […]

Tess Torelli January 22, 2018

Luke Sharrett | Bloomberg | Getty Images A worker assembles railroad crossing signals at the Siemens Rail Automation manufacturing facility in Louisville, Kentucky. More than half of workers expected to be affected by technological disruption are female, according to a study by the World Economic Forum. According to research released Monday, 57 percent of the […]

Tess Torelli January 22, 2018

Senators were optimistic they had the votes to end the government shutdown Monday after leaving meetings more confident about a compromise deal to allow Congress to pass a short-term funding bill. The chamber advanced a stopgap bill on Monday afternoon to keep the government open through Feb. 8 by a comfortable 81-18 margin. Final passage […]

Tess Torelli January 22, 2018

Trump has faced relatively few roadblocks on the path to getting his judicial nominees confirmed. Not only does his party hold a majority in the Senate, but Senate Democrats have little recourse to hold up nominees they find objectionable. In 2013, majority Senate Democrats made a change allowing most presidential nominees to advance to a […]

Tess Torelli January 22, 2018

This collapse of trust was driven mainly by an increased lack of faith in government, which fell 14 points to 33 percent among the general population, and slumped 30 points to 33 percent among the informed public. The remaining institutions of business, media and NGOs also experienced declines between 10 and 20 points. In the […]