Department stores dead? Not yet -- and Macy's boffo earnings show why
USA TODAY, 16 May at 18:50
Don't write off department stores just yet. Traditional retailing may still be under pressure from online retailers like Amazon, but the results released Wednesday by Macy's show there's still plenty of hope as the sector evolves and transforms itself.
Macy's Shares Jump on Signs That a Turnaround Is Working
Macy's shares soar on earnings beat, strong sales growth
Macy's has figured out the formula to survive the retail apocalypse
Macy's Shows Signs of Life After Prolonged Slump
Wall Street Journal
People are still shopping at Macy's. A lot
US Launches Criminal Probe into Bitcoin Price Manipulation
Bloomberg, 24 May at 11:40
The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies, dramatically ratcheting up U.S. scrutiny of red-hot markets that critics say are rife with misconduct, according
Deutsche Bank to Cut Thousands of Jobs
Wall Street Journal, 24 May at 10:28
Deutsche Bank AG DB -0.69% on Thursday confirmed plans to cut thousands of jobs as part of an overhaul of its operations to cut costs. The German lender said its headcount would fall “well below” 90,000, from just over 97,000. In its equities sales and ...
Las Vegas strike would have far-reaching effect
Miami Herald, 24 May at 10:06
What happens in Las Vegas could have a ripple effect across the country if 50,000 casino-hotel workers employed at more than 30 of the city's world-famous resorts go on strike at any time starting next week. If members of the union that includes hotel
Deutsche Bank Says It Will Cut at Least 7000 Jobs in Revamp
Bloomberg, 24 May at 09:26
Deutsche Bank AG will cut equities jobs by a quarter and reduce overall positions by at least 7,000 as chief executive officer Christian Sewing seeks to slash costs and boost profitability at the investment bank. The reductions will take the number of
Deutsche Bank announces massive job cuts as pressure mounts on the firm's executives
CNBC, 24 May at 09:26
The bank announced Thursday it plans to significantly reduce global staff levels to less than 90,000, from a current level of around 97,000. Germany's biggest bank which, not long ago, wanted to be among the five biggest investment banks in the world
US Oil Slips as Stockpile Shock Helps Boost Discount to Brent
Bloomberg, 24 May at 08:19
Oil in New York slipped on a surprise gain in inventories, with American crude near its weakest level in more than three years versus benchmarks elsewhere. West Texas Intermediate oil was down 0.4 percent after falling 0.6 percent over the past two
The 1 Thing General Electric Co. Must Do for Its Shareholders
Yahoo Finance, 24 May at 05:38
This hasn't been a good year so far for investors in General Electric (NYSE: GE) -- its stock price is down almost 19% at the time of this writing. However, shares are actually up 9% in the last month. While it's not a good idea to focus too much on
Asian shares trade lower as trade concerns return to focus
CNBC, 24 May at 04:48
Asian stocks traded lower on Thursday, with investors cautious over fresh trade-related developments as the trade dispute between the U.S. and China remained in focus. In Japan, the Nikkei 225 declined 1.12 percent, extending losses of more than 270 ...
JC Penney's Performance Isn't Convincing
Motley Fool, 24 May at 04:46
If only Sears Holdings (NASDAQ:SHLD) would hurry up and go out of business faster, maybe J.C. Penney (NYSE:JCP) would have a better chance itself at surviving. J.C. Penney CEO Marvin Ellison, who just resigned to take over the top executive position at ...
US takes aim at Russian hackers who infected over 500000 routers
CNET, 24 May at 04:16
The malware, called VPNFilter, has infected more than 500,000 routers in 54 countries, researchers say. Aaron Robinson/CNET. More than half a million routers and network devices in 54 countries have been infected with sophisticated malware, researchers ...
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