Macy’s just signaled the end of department stores as we know them – AOL Finance

(AOL Finance)  Macy’s is morphing into a discount store.The department-store chain is testing self-service systems in its shoe departments and at its beauty counters, meaning customers would serve themselves instead of finding a salesperson to retrieve shoes or make eyeliner recommendations. This model copies highly successful off-price retailers like TJ […]

Verizon Earnings Sink in Q1 2017 – Business Insider

(Business Insider / Reuters) Verizon Communications Inc on Thursday reported quarterly results that missed estimates and said it lost subscribers who pay a monthly bill despite the No. 1 U.S. wireless carrier’s re-launch of unlimited data plans. Shares of the company fell 2.3 percent to $47.80 in premarket trading. Net income […]

New Bill Passed To Audit The Federal Reserve

(CitizensOutpost) The House panel just approved a new bill that would create a government watchdog group that would audit the Federal Reserve’s policy decisions.  Similar bills have been passed before, but failed to gain traction in the Senate due to Democratic-led opposition.  Simultaneously, Senator Rand Paul (R-KY) has introduced similar […]

The Fed and the Trump Administration are in an Economic Race

(CitizensOutpost) In a bid to spark market inflation, the Federal Reserve may be accelerating its efforts to increase interest rates: On Wednesday, the U.S. central bank is almost universally expected to raise its benchmark interest rates, a move that just a few weeks ago was viewed by the markets as unlikely. […]

Survey: Starbucks CEO’s refugee comments sour customer views of chain, now he’s stepping down

(CitizensOutpost) When President Donald Trump’s first executive order was enacted, creating the widely disputed travel ban on predominately Muslim nations, Starbucks Corporation’s response to hire thousands of refugees became a point of contention between consumers. Schultz in a letter to employees said the promise of the American Dream was “being called […]

Samsung Plans U.S. Expansion, Would Shift Manufacturing From Mexico – WSJ

  (WSJ) SEOUL— Samsung Electronics Co. is planning a major investment to expand its U.S. production facilities, according to people familiar with the matter, with at least five states in discussions. The initial capital investment is expected to be around $300 million, several of the people said, with Samsung shifting […]

Monsanto: Shareholders Approve $66 Billion Acquisition by Bayer | Fortune.com

  (Fortune) Shareholders of U.S. seeds and agrochemicals company Monsanto (MON, +0.36%)approved the company’s $66 billion acquisition by Bayer AG (BAYRY, +0.08%) on Tuesday, a deal that still requires regulatory approval to close as expected in late 2017. Increased research and development spending by the combined companies and plans to […]