retail

The Federal Reserve's about-face on rates between December and January looks a lot more rational in the context of the US economic data released today. We saw US retail sales unexpectedly fall in December, posting the worst drop in nine…

I am now stuffed with Turkey after days sitting around eating for the Thanksgiving holiday here in the US. Today is Black Friday, the biggest day of the year for retail sales. And so it makes sense to write this newsletter post today.  I…

The iconic department store, Sears, has filed for protection under Chapter 11 of the US bankruptcy code. Retail has changed a lot in recent years. And for Sears specifically, this bankruptcy has been coming for a long time. It was signalled…

Stories on job losses on UK high streets, wage battles in Britain and bubbles in crypto and startup tech companies

How Whole Foods will become the brick and mortar extension of Amazon

Global growth has been slowing. But we have plenty of time before a recession or financial crisis hits. My worries are about financial fragility caused by high asset prices and corporate releveraging.

Walmarts plan to raise the minimum pay for some employees to $11 an hour is big news. I also think this is good news for Trump and the Republicans as well as for wage rates in the US.

From an economic perspective, the coming slowdown in production will dent GDP growth.

US auto sales have been down persistently on a year-over-year basis during the past several months. March was no different, according to figures released today.

Yesterday, Ally Financial warned that profits would underperform expectations. Now, they dd not say that profits would fall or that they were taking credit writedowns. Neverthless, the warning is an important marker and should be of grave…