Bricks-and-mortar retail sales were predicted to be down by 5% or so this year. At companies like Sears (SHLD), Gap (GPS), and Macy's (M), which have been suffering for several ... Read Full Story »
If investors had a notion that short sellers were going to stay in big financials, they were wrong. Short interest in the weakest companies in the sector dropped. Shares short ... Read Full Story »
According to Reuters, as the recession is spreading countries are increasing spending in an attempt to revive economies.Reuters reports that GMAC got federal approval to be a bank holding company.Reuters ... Read Full Story »
Most markets in Asia were closed.The Nikkei rose 1% to 8,600. Toyota (TM) moved up slightly after a huge sell-off earlier in the week.The Shanghai Composite fell .6% to 1,852.Data ... Read Full Story »
As 2008 draws to a close, it is time for Christmas. It is time for Hanukkah. It is time for New Years. It is time for reflection. And it is ... Read Full Story »