Macy's Inc recently announced its plans of closing 35 to 40 underperforming stores to focus its operation on online shopping. Reuters reports that Macy's plans to close the stores early in 2016. It would also announce on a later date which among the 770 stores it operates will be closed. Macy's operates a total of 885 stores all over the world.

Credit score health is as important as one's reputation. Building a good credit score takes years, but it only takes an instant to destroy it, hence the comparison. The health of one's credit score lies on how someone has been responsible with his or her finances.

Amid market volatility, there are stocks investors shouldn't miss to buy, and there are those that are considered dead money that should be sold. Investor Place's editor Jeff Reeves reveals which stocks must be sold right now.

The Wild Stock Market has scared many investors, but more millennials are investing in stocks despite volatility. According to CNN Money, stock trading app Robinhood, which is popular among millennials, reported that the number of new accounts in their site doubled on August 24 when the stock market fell over 1,000 points at the open. On that Monday, 65% of US customers bought stocks, rather than sell. As the market sell off continued the following day, Robinhood users bought more stocks.

IRS declined to bless Yahoo's planned tax-free Alibaba spin-off, sending its shares down about 4%. According to Business Insider, Yahoo owns 384 million shares of Chinese tech giant Alibaba, which is worth $23 billion. Yahoo plans to turn that into a separate company with its small-business unit in a tax-free transaction that allows it to give much of the value back to Yahoo shareholders. However, IRS declined to grant Yahoo's request. It doesn't mean the IRS rejected Yahoo's plan directly. IRS is simply telling Yahoo it can't be too confident about the approval of the deal.

Three PC makers, Lenovo, HP and Dell will consolidate in the PC market, says Michael Dell on a press briefing in Bengaluru, India Michael Dell, Dell Inc. CEO, told Reuters he predicts there would be consolidation among three PC makers in the market. These are Dell, HP and Lenovo. These three PC manufacturing companies will take over 80% of the market in a few years.

Doctors, hospitals and healthcare groups criticized the proposed merger of four major insurances, saying that it could lead to harm for the healthcare industry.

More and more U.S. workers don't want to work for the "Man" anymore and be tied up to just one boss as they consider themselves "free agents." In a report by CNN Money, 31% of workers in the US consider themselves "free agents," according to a survey from Kelly Services, a recruiting and employment firm. These "free agents" consider themselves contractors, small business owners, temps, freelancers, and moonlighters, but never "traditional employees." This means, they don't get their income from just one boss. Most of these free agents said they entered their type of work willingly, and only 10% said they were forced into it due to economic conditions.

Revised data released Tuesday shows that Japan's economy contracted at a minus 1.2 percent annual rate during the second quarter. In a report from St. Louis Post-Dispatch, economists are rather impressed with the figure reported since it is better than what was expected. A preliminary report last month showed that Japan's economy contracted at a minus 1.6 percent annual rate.

The growth rate of China's economy for 2014 has revised marginally lower to 7.3 percent from previous forecast of 7.4 percent. The drop in services sector weighed more on gross domestic product (GDP). According to the latest data from National Bureau of Statistics (NBS), the GDP stood at 63.6 trillion Yuan ($10 trillion) in 2013 and this was 32.4 percent lower than earlier projection. The latest data casts shadow over the Chinese government's target of seven percent for 2015.