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Traditional retailers are in a house of pain. The Sports Authority, PacSun and Aeropostale all filed for bankruptcy this year. Retail darlings Macy’s, Target and Kohl’s all reported declining second quarter sales and lowered estimates for the current quarter.But the Conference Board reported ebullient consumer confidence numbers last week. The… Read More

About a month ago, I told you that the start of NFL football season is my favorite time of the year.But if anything competes for my sport obsession affection, it’s October baseball.Starting tonight, fans of 10 teams, including my own Washington Nationals, will experience the exquisite agony that is playoff… Read More

As Investing Daily Editorial Director Robert Frick discussed with me last week, investors often do the wrong thing—not because they’re dumb or ill-informed, but because our brains aren’t wired for investing. Making money in the markets can happen in many different ways, but every path to profits has a… Read More

Lots of folks think global bankers got off easy after the financial crisis.But this week the tide started to turn.Deutsche Bank, one of the world’s most powerful financial institutions, is under all sorts of pressure, and that could have serious repercussions for Europe’s already troubled economy. The shares took a… Read More

Two weeks ago we criticized the appalling lack of accountability by senior management at Wells Fargo (“Wells Fargo Sins, But…”). Looks as though others agree with me. Just yesterday Wells CEO John Stumpf morphed from bank executive into a blue-suited, silver-haired piñata before the House Financial Services Committee. And not only has… Read More

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