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Saks C.E.O. Steps Down as Company Struggles to Pay Down Debt

Saks Global’s executive chairman, Richard Baker, is taking over the luxury retailer he created with the 2024 acquisition of Neiman Marcus and Bergdorf Goodman.

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Kalshi Permanently Bars George Santos From the Platform

The prediction market said it had barred George Santos, the former congressman from New York, and…
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Private Equity Wants to Invest in College Sports. Some Schools Are Wary.

As desperate as many athletic programs are for money, they are proceeding cautiously when it comes…
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IRS Audit Revenue Has Plummeted Under Trump, Watchdog Finds

The I.R.S. lost roughly a quarter of its employees since President Trump took office, hampering the…
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