Kudos to Sears Holdings Corp. (SHLD) for finally admitting what everyone already knew: it's almost dead. As TheStreet broke the news on Twitter Tuesday evening, Sears indicated in its newly filed annual report that "substantial doubt exists related to the company's ability to continue as a going concern." Sears' cash position has melted from a high point of $1.7 billion for the 2009 calendar year to a mere $286 million to close out 2016. Revenue hasn't grown since the credit boom lifted all ships in retail in 2006. The company hasn't generated cash flow from its operations since 2006. "With negative news like this, it's never good for confidence on the company," Moody's VP Christina Boni told
Investors are now starting to worry whether US stocks had gotten ahead of themselves, pricing in the best-case scenario for tax reforms, fiscal stimulus and deregulation.The ongoing political drama in Washington is leading to doubts where President
In an attempt to pass the Obamacare repeal bill, Speaker Paul Ryan added a provision that allows states to impose work requirements from Medicaid. The Obamacare repeal bill, the American Health Care Act, has undergone a few changes since it left committee last week. One of those changes affects Medicaid by letting states put in place work requirements to get into the program, which provides health care for low-income people.