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  • Sears is on the brink of catastrophe as store closures loom and top execs flee the company
    Business Insider2 days ago

    Sears is on the brink of catastrophe as store closures loom and top execs flee the company

    The company is shutting down dozens of Kmart stores this month and two of its highest-ranking executives left this week in the midst of the key holiday shopping season. This comes following speculation among Sears and Kmart employees, suppliers, and several banks that the retailer will soon go bankrupt — something Sears has repeatedly dismissed. Jeff Balagna, formerly Sears' executive vice president, left the company Wednesday, "in order to focus on his other business interests and pursue other career opportunities," Sears said in an SEC filing dated November 23.

  • 10 Reasons You Will Never Make $1 Million Dollars
    Kiplinger.com18 hours ago

    10 Reasons You Will Never Make $1 Million Dollars

    Wealthy people usually aren't born that way. Most spend their lives amassing their fortunes by working hard, spending little, saving a lot and investing wisely. It may sound like a simple strategy, but the fact that the vast majority of Americans fall short of millionaire status proves that it's easier said than done. Then again, 10.4 million households in the U.S. have $1 million or more in investable assets, according to market research and consulting firm Spectrem Group, and their ranks are growing. So it's not impossible. Read on to learn what you might be doing to keep yourself out of the millionaire's club. More importantly, find out how you can change your ways and build your own seven-figure

  • Business
    Real Money14 hours ago

    Tired Tesla About to Break Down

    The major indices have had a great run since the U.S. Presidential election, but not every stock has been along for the ride. Tesla Motors (TSLA) has badly underperformed the overall market since the election, and according to the charts, the stock still has a rough ride ahead of it. First, we'll compare the performance of Tesla (red) to the SPDR S&P 500 ETF (SPY) (green) since the start of November. The post-election rally may be losing steam, but Tesla's lack of participation could be indicative of deeper problems to come. While the major indices have been scaling new heights, yesterday Tesla finished the day just $0.30 above its lowest closing price since February. In the chart below, Tesla