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As in Macy’s stock price suffers its worst ever one-day decline of 18% after lowering same-store-sales guidance to 2.0% from 2.3%.


As in Apple is offering its new iPhone XR for $449… well below list price… if you trade in your old one.


As in Venezuela’s inflation rate hits 224,900% as President Maduro is sworn in for another term following an election few see as legitimate.


“You should anticipate that we’re going to be patient and watching… waiting and seeing.”
–Fed Chairman Jerome Powell addressing the Economic Club of Washington.


“We believe our proposal to inject $5B will provide substantially more value than a liquidation.”
–Sears Chairman Eddie Lampert insisting he can still save his perennially teetering retailer.

“Our industry is witnessing a historic transformation in consumer behavior, and it’s important to provide relevant experiences.”
–Calvin Klein CEO Steve Shiffman on the decision to close the Madison Avenue flagship store as buyers go online.