Archive for February 27th, 2017

Sworn statements from the case against Sterling Jewelers describe gropings and demands by managers for sex.

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I needed cashI spent most of every day thinking about liquidity, talking about liquidity, looking to the heavens and pleading for liquidity. My kingdom for liquidity. Those are the words of Phil Knight, the brilliant, visionary, billionaire founder of Nike, from his endlessly interesting 2016 memoir, Shoe Dog.
Knight was recalling a frequent yearning that defined 1970 for him. At the time this importer of Tiger shoes meant to fulfill the needs of an eccentric and small U.S. market interested in jogging wasnt viewed as brilliant or visionary, and if he had a net worth,…

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The Oracle of Omaha bashed hedge funds in his annual shareholder letter and said investors are wasting money on “massive fees."

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Moody’s is the latest ratings agency to weigh in on the state of the retail sector, which is rapidly replacing oil and gas as this year’s trouble spot.

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Moody’s is the latest ratings agency to weigh in on the state of the retail sector, which is rapidly replacing oil and gas as this year’s trouble spot.

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<p>U.S. equities traded slightly higher on Monday as Wall Street looked ahead to a key speech from President Donald Trump.</p>

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Is the great surge in the stock market since Trumps election a promise of better economic times ahead? It is easy to see why Trump’s core economic proposals sharply raised stock prices and why they could help the expansion in the near term. The rest of the Trump program–the attacks on immigrants and trading partners–promise to hurt the economy both now and in the long run.
President Trump inherited a healthy U.S. economic expansion that was already among the longest on record and showed little sign of ending soon. In the past three years, employment growth averaged 2.5 million jobs a…

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<p>Donald Trump’s address to Congress on Tuesday is taking on the importance of a State of the Union speech when it comes to U.S. financial markets.</p>

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