These Are that Stores that Got Pummeled the Most by E-Commerce

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Brick-and-mortar sales at hero-of-the-day Nordstrom actually fell! Nordstrom’s shares popped 12% this morning after it reported better-than-expected results. Where did the sales gains come from: e-commerce sales. Sales from Nordstrom.com soared 50% year-over year to $897 million. Including its other e-commerce sites, total online sales jumped 23% to $1.35 billion, or to 34% … Read more

This Chart Shows Amazon’s Dominance in Ecommerce

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by visualcapitalist It’s no secret that Amazon is dominant in ecommerce. But despite this being common knowledge, the most recent data behind the explosion in Amazon’s market position is still stunning to behold: in the last two years, the already monstrous Amazon somehow was able to increase their share of the total U.S. ecommerce market from … Read more

We Are In The Middle of A Perfect Dollar Storm

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Divergent Monetary Policy– Fed: Tightening– Int'l: Easing– EM: Scrambling for $ funding Triffins Dilemma– Trump: MAGA via Tarrifs & Trade War– Powell: Not our job to bail out EM Divergent Political Policies– in US– in EU– in China It is the perfect #Dollar storm… pic.twitter.com/QBGy3nxWPP — Santiago Capital (@SantiagoAuFund) August 16, 2018 The Anatomy of … Read more

Chipotle to retrain all workers on food safety after hundreds fall ill in Ohio

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Chipotle Mexican Grill plans to retrain all of its restaurant workers nationwide on food safety after nearly 650 customers became ill after eating recently at one of its Ohio restaurants. The company confirmed Thursday to USA TODAY that it would launch the training next week after the episode in Powell, Ohio. “Chipotle has a zero-tolerance policy for any … Read more

VERY disturbing. Why does President Trump want to end quarterly reports and move to every 6 months?

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https://twitter.com/GregMannarino/status/1030478844514336768 CNBC: Trump pushes for an end to quarterly earnings reports President Donald Trump on Friday advocated for a possible end to the long-held quarterly earnings reports for publicly traded companies, saying it would boost business and in turn help create jobs. In a morning tweet, the president said he had spoken to “business leaders” … Read more

Investor Alert: Turkey‘s crisis is not over, the overloved, overhyped, overowned #FAANG stocks are falling, and all Citi Economic Surprises indices are negative…

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We've had an "All tech, all the time" market, one that got (quite frankly) ridiculous. Now the overloved, overhyped, overowned #FAANG stocks are falling, and "Safe Money" style stocks that I've been a huge fan of since Jan/Feb are outperforming $XLU $IYR $XLP $XLK. — Mike Larson (@RealMikeLarson) August 17, 2018 Great analysis on Turkey … Read more

Just in Time: Use of Home as ATM Surges in Canada

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Cash extraction at the peak of a long housing bubble, via multiple mortgages on the same property: Does that ring a bell? By Daniel Wong, Better Dwelling: Canadian real estate price spiked in 2017, and a lot of homeowners have already spent that equity. Canada Housing and Mortgage Corporation (CMHC) numbers show a huge number of people are … Read more

Just FYI: Netflix has now removed user reviews entirely

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by RDS https://www.cnet.com/news/netflix-is-removing-online-reviews-in-august/ First it was the star system, and now it’s user reviews. It is obvious they want to control the ‘narrative’ within their app, while giving users no alternative to see true and honest analytics. It’s absolutely sickening to me — what happened to building products for the user? All these major technological … Read more

FDA Manipulating and Ignoring Science on Kratom

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by axolotl_peyotl There’s more fraud and deception at the FDA…iow water is wet. According to a recent report by the American Kratom Association, the FDA is targeting kratom because, like cannabis and other natural products, it can’t be weaponized by big pharma. In addition, the more natural substances are deemed “illegal”, the most profits are made … Read more

How The Hell Did A Teenager Hack Apple’s Secured Servers?

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by stockboardasset An Australian teenager whose name has been withheld is facing serious charges by authorities over a massive data breach of Apple’s secured network. Apple said on Friday no customer information was compromised after Australian media reported a boy, 16, from the southern city of Melbourne, hacked into the world’s most valuable company from his parent’s basement many times … Read more

Too Expensive: President Trump Cancels The Veteran’s Day Military Parade

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from Zero Hedge Hours after The Pentagon confirmed the President’s military parade planned for Veterans Day has been postponed until at least next year, after the DoD released an estimated cost of $92 million, Trump has scape-tweeted local Washington politicians as responsible for the decision to cancel. As a reminder,  The Hill reports  that the Defense Department released an … Read more

Is Snopes a reliable source?

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Perfect illustration. I find Snopes very rarely outright lies, but they are most always deceptive, usually by turning the question or statement into something that nobody was saying in the first place – but the truth is generally contained at the very end of the article. Politifact is even worse for this – as in … Read more

Is President Trump Really Going To End The Fed And Usher In A New Gold Standard?

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Wayne Jett interviewed on Reluctant Preppers Is President Trump a patsy succumbing to the powers that be, or is he enacting sweeping changes that will end the Federal Reserve, liberate us from over a century of foreign private banker occupation, and usher in an era of gold-backed stable money? Wayne Jett, author of “The Fruits of Graft, … Read more

Press Makes HUGE Mistake And Goes After Sarah Sanders Over Omarosa, So She Makes Them REGRET It

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https://www.youtube.com/watch?v=pmjL7Esb0HY Ryan Saavedra for the Daily Wire reports, White House press secretary Sarah Sanders fielded numerous questions about fired White House staffer Omarosa Manigault Newman during Tuesday’s press conference and turned the tables on the media over Newman’s allegations. Read More/Source/Credit/FairUse: https://www.dailywire.com/news/34498/…

The ECB and its Italian and Turkish problems

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by Shaun Richards At the moment the European Central Bank (ECB) Governing Council is on its summer break and does not formally reconvene until the 13th of September. So I raised a wry smile when Bloomberg assured us ” The ECB is staying calm amid Turkey and Italy routs” this morning! The world does not stand … Read more