Macy’s Unsecured Bonds Cashed 53% Since Feb 14. Can it Get Through this Crisis and Stay Relevant?

It has been living off its real estate portfolio of “owned boxes” for years by selling them. By Wolf Richter for WOLF STREET. Macy’s, the largest surviving department store in the US, and still clinging by its fingernails to the last rung of the top 10 ecommerce retailers in the US, down from 7th place in 2019, may never reopen many of … Read more

Alphabet earnings call writeup

by qwerty622 -very strong growth in cloud, specifically in their google suites offering (analytics tools and shit for cloud). Up 52 percent YOY increase in searches but less commercial searches (ex. increase in “sue bae titties”, decrease in “how much real estate can i buy for 10$”) no surprise there. 30 percent increase in google … Read more

Many New York and New Jersey residents are losing hope, and are out of cash.

NEW YORK (CBSNewYork) – Unemployment remains a major issue across the country. Many New York and New Jersey residents are losing hope, and are out of cash. Adam D’Aleo has listened to the New York Department of Labor’s “we are experiencing high call volume” recording more times than he can count. “It’s embarrassing, I remember it,” D’Aleo said. … Read more