sending the miners soaring, as confidence in US monetary policy collapses. In pre-market trade, U.S.-listed shares of Hecla Mining (HL), which owns Greens Creek Mine in Alaska, one of the biggest silver mines in the world — jumped 4.2%. Endeavor Silver was 2.5% higher, while First Majestic Silver was last seen trading up 2.7%. Coeur Mining, the operator of the Rochester mine in Nevada, gained around 2.6%.

The company has been running out of cash and struggling to pay its bills since its acquisition of Neiman Marcus for $2.7 billion in 2024. Saks had struggled to line up bankruptcy financing because some investors were concerned the company would not be able to successfully reorganize. It’s another step towards the end of brick-and-mortar retail. Long a drainer of my wallet, it was where I made a last-minute buy of a white dinner jacket for a Queen Mary 2 Cruise.

after ten-year interest rates briefly fall below 6.0%. Refinance demand, which is most sensitive to daily rate changes, was 128% higher than the same week a year ago.

over the massive software outage last summer. The Outage crashed 8 million computers, and especially hurt Delta Airlines (DAL). A judge found there was no intent to defraud. The stock dropped 3% on the news.

as motor vehicle purchases rebounded and households increased spending elsewhere. Retail sales rose 0.6% after a downwardly revised 0.1% drop in October, the ‌Commerce Department's Census Bureau said on Wednesday. Retail sales, which are mostly goods and are not adjusted for inflation, are advancing 0.4% after being unchanged as previously reported. The Census Bureau is catching up on data releases after delays caused by ‌the 43-day government shutdown.