Author: super@dmin

Why JCPenney is in serious trouble Jill Soltau, a veteran retail leader most recently in charge of Joann fabric and craft stores, will be tasked with turning around JCPenney. The company announced on Tuesday that Soltau will take over as its chief executive beginning on October 15. JCPenney has been leaderless since Marvin Ellison left…

A still from ‘Quantitative Easing Explained,’ a cartoon uploaded on You Tube in November 2010. The YouTub cartoon “Quantitative Easing Explained” The creator of the cartoon that lampooned the Federal Reserve’s second round of quantitative easing as a fiasco that would damage the global economy after it benefitted the wealthiest Americans now says he got…

The Dow Jones Industrial Average rose to an all-time intraday high Tuesday, putting the blue-chip index on track for a fourth straight session of gains and possibly a 14th record close of the year. The market’s strength on the back of a robust domestic economy underscored the divergence in U.S. stocks versus global equities as…

GE changed our lives. Why is it struggling? New General Electric boss Larry Culp just got a fresh reminder of the debt-riddled balance sheet he’s inheriting. Barely 24 hours after Culp became CEO, S&P Global Ratings downgraded the credit ratings of GE (GE) and GE Capital. Moody’s and Fitch warned they could do the same.…

Mark Wilson/Getty Images Federal Reserve Board Chairman Jerome Powell said the central bank will be on alert for any change in inflation expectations. Federal Reserve Chairman Jerome Powell on Tuesday said he did not see signs that inflation would spike despite the low unemployment rate. “Many factors, including better conduct of monetary policy over the…

Gold settled back above $1,200 an ounce Tuesday, as jitters surrounding Italy’s financial picture filtered into broader financial markets, lifting prices for the precious metal to their highest closing level in nearly two weeks. “Precious metal bears are getting burned by the sudden return of Italy’s huge public debt to the headlines,” said Adrian Ash,…

If you haven’t noticed, bitcoin prices have been rather subdued of late. While altcoins, the collective group of 2,000 or so cryptocurrencies other than bitcoin, have been whipping around in almost violent fashion, the No. 1 digital currency has barely budged. In fact, the 30-day volatility index for the world’s largest digital currency hit a…

(This is the first of a three-part series listing the small-cap, mid-cap and large-cap companies included in the S&P 1500 Composite Index that are expected to show the highest increases in sales in 2018.) Third-quarter earnings season begins next week, and U.S. companies are expected by analysts to report another impressive set of numbers. Wall…

New Age Beverages A New Age Beverages drink. The Arora Report is projecting that twice as much money will be made in marijuana drinks than marijuana itself. For this reason, investors need to learn how to take their share of the profits that will be made in marijuana beverages. The 11 pointers I recently gave…

Having trouble choosing a cereal to buy at the grocery store? You can blame your anterior cingulate cortex and striatum. These parts of the brain, which weigh the costs and benefits of decisions and determine value respectively, were identified by scientists as being responsible for people’s indecision when they are faced with too many options.…