Shares of luxury fashion brand Vince tumbled nearly 40 percent Friday, after the company said it has "substantial doubt" about its ability to continue as a going concern for the next 12 months. Its warning comes roughly one month after struggling department store Sears made the same statement in its annual filing with the Securities and Exchange Commission. It also comes as the number of retail bankruptcies continues to climb toward a post-recession high, and as announced store closures head toward 3,300 in just four months. A change in accounting regulations that went into effect during the first quarter now requires management teams to assess whether there are "conditions or events" that raise substantial doubt about their company's ability to stay in business for the next year.
The question of whether you'll be paying more in taxes under President Donald Trump may hinge on how much you use tax deductions now. The Trump administration Wednesday unveiled the broad outlines of his campaign promise to overhaul the sprawling U.S. tax code with a simpler system that lowers tax rates. It remains to be seen how deeply the plan cuts into the most widely used deductions, which cost the government hundreds of billions of dollars in lower taxes.
This is a strong job market for those with the skills to treat patients and build apps. Using data from the Bureau of Labor Statistics, jobs platform Monster took a look at the occupations that will add the most jobs between now and 2024, and there's