Macys 1
The department store will pay $650,000 to settle a racial profiling case. - 

After the shooting of unarmed teenager Michael Brown and the recent clashes in Ferguson, Missouri, racial profiling has returned to the national spotlight.

That department store chain Macy’s reached a $650,000 settlement Wednesday with the New York Attorney General’s office over racial profiling practices shows how deep the issue runs. This is the second settlement since 2005 for Macy’s, and the deal comes about a week after a similar agreement was reached with the Madison Avenue luxury store Barney’s.

Plus, the Dow could pass $17,000 again by labor day, but amid geopolitical crises all over the world, how is that possible?

And finally, British pubs have been closing at a rate of 31 a week, and that rate is accelerating. The Campaign for Real Ale is warning that a world-famous British institution is in danger of severe decline. The group has called for urgent measures to save the pub and preserve a valuable piece of the fabric of British life.

Follow David Brancaccio at @DavidBrancaccio