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Holiday Shopping Season 2019: Winners and Losers

Successful trading doesn’t start with simply reacting to the market.
It starts with planning what the market is going to do months and even years from now.
For years I’ve been writing about the death of brick-and-mortar retailers and indoor malls. And last week, I covered the ongoing “retail apocalypse” in the U.S.
Store closings are well on their way to setting a new high-water mark in 2019.
But this isn’t something to lament.
It’s part of the evolution of business. Besides, there are companies surviving – even thriving – during this extinction-level event. And they’re not just found in the U.S.
That’s why, this week, …read more […]

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Fannie Watchdog Willing to Wipe Out Shareholders If Necessary

(Bloomberg) — Fannie Mae and Freddie Mac’s regulator said he would be willing take steps that would wipe out shareholders of the mortgage giants if circumstances called for it.“I work for the taxpayers,” Federal Housing Finance Agency Director Mark Calabria said Tuesday at a House Financial Services Committee hearing on the Trump administration’s proposal for ending U.S. control of the companies.Calabria was responding to questions from Representative Bill Foster, an Illinois Democrat, about whether hedge funds including Paulson & Co. stood to reap windfalls under the plan released by the Treasury Department last month. He said that while it isn’t …read more […]

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Mnuchin: Facebook's Libra launch was premature

Treasury Secretary Steve Mnuchin stated that he met multiple times with representatives from Facebook and told them that their launch for LIbra was premature, as they haven’t addressed “fundamental issues,” including the prevention of money laundering and other illicit activity. Yahoo Finance’s Adam Shapiro, Julie Hyman and Jessica Smith discuss on On the Move. …read more […]