A Portland pub says a bill allowing earlier alcohol sales on St. Patrick's Day would boost its bottom line, News 8's Myles reports.
CheapSchotz: Why can't these idiots understand that the Nazis have been dead and gone since 1945? The Third Reich consisted of the most highly intelligent personnel involving scientists, engineers, inventors, doctors and military. A regime so sophisticated it took the entire world to bring them down. And now we have these so-called Neo-Nazis that have no more than a combined IQ of a tree stump!
I haven't been inside a Sears store for more than 10 years, until Thursday, June 22. And, wow, did I learn a lot. Mainly, I came away with a better understanding of why Sears Holdings Corp. (SHLD) is closing an additional 20 stores on top of the 245 it already planned to shutter. And why it has failed to turn a profit in 29 out of the last 37 quarters and seen same-store sales decline in 11 of the past 12 quarters. I observed alienating treatment of a loyal customer at the store in Jersey City, N.J., which was also messy and uninviting inside. When I came upon customer Stephanie Rosso, a resident of Jersey City, she was struggling with four employees to get a simple return transaction completed
Red Bull's Daniel Ricciardo won in Baku after a chaotic race which saw Ferrari's Vettel given a 10-second stop-go penalty when he steered into the back of race leader Hamilton's Mercedes under safety car conditions after a red-flag stoppage on lap 22. The four-time champion seemed infuriated with Hamilton after the Briton slowed on the exit of Turn 15. After the initial collision, the German gesticulated angrily with both hands as he pulled alongside his rival and hit the side of Hamilton's car.
Alibaba's (BABA) executive chairman Jack Ma is never short of big ideas. Ma chose chose Detroit, Michigan over New York, Las Vegas and Los Angeles to host its biggest conference ever in the U.S. this week. The conference is called Gateway '17 and is teaching entrepreneurs, small businesses and farmers about the Chinese economy and about how they can grow their businesses by selling on Alibaba's platforms. Here are some of Ma's biggest quotes from his keynote address on Tuesday evening. One standout was Ma saying Alibaba will so sell so much stuff by the year 2035, it will generate the equivalent in GDP to be the fifth largest economy. Ma also said he was preparing for retirement. TheStreet
The Great Restructuring in retail continues. In the wake of a disappointing holiday season, J.C. Penney (JCP) said recently that it will close 138 stores stores by the end of the summer. The store closures represent 13% to 14% of the company's current store base and less than 5% of annual sales. They have a negligible impact on net income. J.C. Penney said same-store sales at the locations were "significantly below" the remaining store base and operate at a much higher expense rate due to poor productivity. The company expects $200 million in annual costs savings from the efforts. "We believe closing stores will also allow us to adjust our business to effectively compete against the growing
It has been a rough stretch for Wall Street honcho Bill Ackman. The hedge-fund manager, who runs Pershing Square and boasts a net worth of $1.4 billion, reportedly locked horns with former Vice President Joe Biden at a dinner in Las Vegas last month, according to Fox Business. and the New York Post. Biden—still reeling from the death of his 46-year-old son, Beau Biden, who lost a battle with brain cancer two years ago—cited his son’s death as the central reason that he didn’t make a run for the White House in 2016. According to the reports, Biden grew emotional as he explained his decision to a room of high-profile attendees, concluding with, “I’m sorry. I’ve said enough.” At that moment, Ackman
If the man often hailed as the original "Dr. Doom" is right, the stock market could see another "lurch" higher — at which point investors may want to cash out quickly and run for cover. Marc Faber, the editor of "The Gloom, Boom & Doom Report' and a perennial bear, isn't backing down from his latest dire prediction that would send stocks plummeting by 40 percent or more. The Nasdaq is being driven by very few stocks," said Faber on Friday's " Trading Nation ." That rally "is not a particularly healthy sign from a technical point of view, and valuations are very high," the investor added.
I heard a rumor out there that Walmart (WMT) might consider acquiring Costco (COST) to offset the Amazon (AMZN) buyout of Whole Foods (WFM) . Just a rumor. However, even if this turned out to be true, these would not be the same type of deals. First, Costco is near all-time highs, where savvy buyers, of which Walmart is among the savviest, don't buy. Savvy buyers like to buy assets, and everything else, near lows, and sell them near highs. Amazon didn't agree to buy Whole Foods at its all-time high, near $60, in 2013. They waited until no one appreciated the asset, and after a 50% crash, they made their offer. No, Amazon isn't getting Whole Foods at that extreme discount, but they will get it
The most important air show of the year is always held in Europe. Airbus (NASDAQOTH:EADSY) -- operating on its home turf -- usually makes a point of outpacing its American rival Boeing (NYSE:BA) in the order race. Last year, Boeing's order haul at the Farnborough Airshow was so dismal that the company felt the need to fudge the numbers in its end-of-show press release to save face. However, Boeing didn't have any trouble selling airplanes at this week's 2017 Paris Air Show. The launch of the new 737 MAX 10 and solid demand for the Dreamliner widebody allowed Boeing to score a clear victory over Airbus in terms of deal activity. Firm order totals were relatively similar Looking just at new firm
By Aziz El Yaakoubi DUBAI (Reuters) - A senior United Arab Emirates official said on Saturday that if Qatar did not accept an ultimatum issued by fellow Arab states which imposed a boycott this month on the tiny Gulf Arab nation, there would be a "parting of ways". The 13-point list of demands from Saudi Arabia, Egypt, Bahrain and the UAE include closing the Al Jazeera satellite television network, curbing relations with Iran, shutting a Turkish base in Doha and paying reparations. The demands are apparently aimed at dismantling Qatar's two-decade-old interventionist foreign policy, which has reflected the clout generated by its vast natural gas and oil wealth but incensed conservative Arab peers over its alleged support for Islamists they regard as mortal threats to their dynastic rule.
Legendary bankruptcy expert Dr. Edward Altman cautioned that this benign credit cycle — characterized by low default rates, low yields, low spreads, and lots of liquidity — could come to an abrupt end. “It’s been a terrific market for investors for quite a long time and if anything is concerning it’s that we now are more than eight years into a benign credit cycle,” Altman, a professor at NYU Stern School of Business, told Yahoo Finance. Altman, the creator of the financial-distress sniffing Altman Z-Score, warned in mid-2007 of a “Great Credit Bubble” and that there was going to be trouble in the market. He predicted that a meltdown would stem from corporate defaults.
Strategists at Bank of America Merrill Lynch are skeptical that higher demand would be the solution. "While most investors blame supply for today's low oil prices, demand has also failed to improve at the speed required to rebalance the global oil market. Looking into 2H17, we now doubt that demand growth will accelerate sufficiently and see downside risks to our forecasts of 1.3 million b/d in both 2H17 and 2018.
Infosys Ltd, India's second-biggest software services exporter, is re-evaluating its long-term targets because tougher market conditions have made them appear "daunting", the company's chairman said on Saturday. Infosys Chief Executive Officer Vishal Sikka had said earlier that the IT services company was likely to struggle to reach its ambitious $20 billion revenue target by 2020 due to a challenging market environment. "The 2020 goals certainly appear daunting in the timeframe in which these goals have been talked about because of the kind of headwinds and the shift in marketplace that we have seen," company chairman R. Seshasayee told his last annual meeting before his planned retirement in May next year.
Biotech stocks have been soaring over the last few years due to an uptick in innovation and a growing demand for healthcare services across the board. As a result, valuations across this high-flying space have ballooned -- making it increasingly difficult to suss out attractive bargains. Having said that, the top biotechs Celgene Corp. (NASDAQ:CELG) and Gilead Sciences (NASDAQ:GILD) are the rare exceptions to this general trend. Read on to find out why these two biotech titans might be compelling buys right now. Celgene's cellar-dwelling valuation might be a once-in a lifetime buying opportunity Celgene's industry-leading sales growth has apparently fallen on deaf ears of late. The company's
Here's the bad news: The average monthly Social Security retirement benefit was recently $1,365 per month, or about $16,000 per year, with the maximum benefit for those retiring at their full retirement age recently at $2,687 per month -- or about $32,000 annually. Clearly, Social Security isn't going to give any of us a luxurious retirement. There's good news, though: There are many ways that you can generate retirement income. It's smart to spend a little time figuring out how much money you'll need in retirement, and then planning how you can produce your needed cash flow. Here are a dozen strategies to consider. 1. Delay retiring This one won't win a popularity contest, but it can be very
Ivanka Trump must testify in a dispute with an Italian shoemaker over one of her company's shoe designs, a judge said Friday. U.S. District Judge Katherine Forrest rejected a request by the senior White House aide's lawyers that she be blocked from submitting to a deposition in the trademark infringement lawsuit brought by Aquazzura Italia SRL against her and her company IT Collection LLC. The Florence, Italy-based company sued President Donald Trump's daughter last year, saying her Hettie shoe was a "virtually identical" knockoff of its popular Wild Thing Shoe, including nearly the same color, shape and tassel on the heel.
The Jeff Bezos empire is massive. It encompasses not just e-commerce, but also news organizations, robotics companies and coupon sites. Oh, and ever heard of Google, Airbnb or Uber? Jeff Bezos is an investor in those companies, too. Bezos is the third-richest person in the world, trailing only Bill Gates and Warren Buffett, according to the Forbes Billionaires List. With a net worth of $84.7 billion, Bezos has made a number of investments and acquisitions. Here is a snapshot of his empire, as compiled by Visual Capitalist: Bezos has made the acquisitions through a variety of vehicles. Amazon AMZN, +0.24% has made its own acquisitions, including the recent $13.7 billion purchase of Whole Foods
Crude oil has officially entered a bear market, and Commodities king Dennis Gartman told CNBC the pain is far from over. In a recent interview, the editor and founder of The Gartman Letter said oil conglomerate OPEC was losing the war on oil , especially in light of the ascension of Saudi Arabia's new crown prince, Mohammed bin Salman. Crude oil is down nearly 20 percent in 2017, and is tracking for its biggest six-month drop since the late 1990s.
China’s Belt and Road Forum, hosted with great fanfare, signals the priority of this flagship connectivity initiative while also underlining its credentials as the new “shaper” of global trends and norms. The policy initiative aims to enhance China’s centrality in the global economic unilateral approach in how the project is conceived and implemented so far belies the rhetoric of multilateralism emanating from Beijing. Taking inspiration from the ancient Silk Road trading route, China’s One Belt One Road initiative, or OBOR, hopes to link more than 65 countries, encompassing up to 40 percent of global GDP.
Wall Street is still trying to gauge the impact of Amazon.com, Inc.’s (NASDAQ:AMZN) proposed $13.7 billion acquisition of Whole Foods Market, Inc. (NASDAQ:WFM). In fact, it seems one of the big winners is actually Microsoft Corporation (NASDAQ:MSFT). Well, let’s face it, AMZN will need to devote substantial resources to the deal, which means less attention to its AWS (Amazon Web Services) business.
A 7-year-old girl sent Sundar Pichai a letter inquiring about a job in February and ended up receiving the sweetest letter from the Google CEO. In her initial letter, Chloe spoke about her love of technology, computers, and robots before asking about Google's job listings. In his response, Sundar wrote, "I'm glad that you like computers and robots, and hope that you will continue to learn about technology.
Bitcoin burst into our financial consciousness like a fiery comet, setting the internet ablaze with visions of upending the existing global money system. Yet, by its nature as a cybercurrency, whose legitimacy only exists in the ether, its credibility leaves much room for debate. HowMuch.net on Wednesday put things into perspective and demonstrated that for all the buzz and excitement bitcoin has generated, it still has a long way to go to be even remotely relevant. The current value of all the bitcoin BTCUSD, -3.07% in the world is worth about $41 billion, according to the cost-estimating website. That is undoubtedly more money than most Americans will ever see in their lifetime. But when
"You'll know it's the 'big top' when millennials start buying," Bank of America (BAC) analyst Michael Hartnett said in a note Friday. Millennial investment is the classic late-cycle signal. Millennials have only 30% of their assets allocated to equities, whereas older age groups have 46%. Once the catch-up begins, the market could be nearing a peak before a downturn, according to Business Insider. The uptick in mobile trading platforms might stir more millennials to invest in equities since they already spend a great deal of time on mobile devices. Most millennial trades skew toward futures and derivatives, TD Ameritrade (AMTD) Director of Trading Victor Jones said. Hartnett said the end of