The Nikkei dropped 241 points today in Tokyo.
On Wall Street, the Dow fell 68 points Wednesday.
And the Nasdaq rose 12.
Macy's is laying off 2500 employees and closing five stores as part of a reorganization. The new comes on the heels of a strong holiday shopping season for the department store chain. Macy's expects to save a hundred million dollars a year from the changes and is predicting better than expected profits in 2014.
Earnings season kicks off on Wall Street today. Chevron reports after the closing bell as well as Alcoa. Investors want to see if the recent improvement in the U.S. economy has translated into higher earnings for corporate America.
Americans borrowed more in November. The Federal Reserve says consumers borrowed $12.3 billion mostly for auto and student loans. But Americans are still wary about taking on high interest debt. Credit card borrowing plunged after the financial crisis and is still 16 percent below its peak in 2008.
And Delta is putting new seats and bigger overhead bins on many of its planes. Passengers will also have electrical power at every seat on 225 jets used for domestic flights. Delta will spend nearly $800 million on the three year project.
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