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BusinessThe Street•11 hours agoSears Is Going Down the Drain In Front of All Our Faces, But Tesla Sure Isn't
Pay careful attention folks: Sears Holdings (SHLD) is indicating to us all that it may have a very tragic ending at some point this year. The dying department store chain is reportedly closing another 66 stores in a bid to cut costs and try to stay in business a little longer. In short, the company is signaling that its efforts to preserve cash aren't enough. And best believe that Sears needs cash, and incredibly fast, as TheStreet has reported at length recently. "Sears' declining cash balance heightens its need to continue to source $2 billion of liquidity annually," David Silverman, Senior Director, U.S. Corporates at Fitch Ratings tells TheStreet. "The company's ability to continue to
- BusinessCNBC•2 days ago
A technician that was bullish on markets just got a 'wake up call' that may spell doom for the rally
The market's reversal on Friday has one technician warning of a possible "wake up call" for bulls. In an interview last week with CNBC's "Futures Now," T3 Live chief technical strategist Scott Redler presented one chart that suggested a move up to 2,470 for the S&P 500 Index (INDEX: .SPX) before the end of June. According to Redler, the index had managed to stay above the 8-day moving average trendline even on shallow drops, which at the time led him to predict that more highs were ahead.
- FinanceBloomberg•21 hours ago
Vanguard's Bogle Says Ignore the Crowd, Stick to U.S. Stocks
Vanguard Group founder Jack Bogle. The 88-year-old investor, who started the first index fund in 1976, said that he’s fully invested in U.S. securities, with stocks and bonds having an equal share of his portfolio. “I believe the U.S. is the best place to invest,” Bogle said in a telephone interview.
