Troubled discount furniture and home decor retailer Big Lots will initiate going-out-business sales at its remaining locations after a deal to find a purchaser fell through. Big Lots said in a release Thursday that it no longer anticipates being able to complete a previously announced agreement with a private equity…
The Consumer Financial Protection Bureau is suing America’s three largest banks, accusing the institutions of failing to protect customers from fraud on Zelle, the payment platform they co-own. According to the suit, which also targets Early Warning Services LLC, Zelle’s official operator, Zelle users have lost more than $870 million…
Party City on Friday announced it will close all of its stores and has initiated corporate layoffs effective immediately, according to a CNN report. CEO Barry Litwin told corporate employees in a meeting viewed by CNN that Party City has to “commence a winddown process immediately,” and that Friday would be…
The Yield Curve The RRG above shows the rotations of the various maturities on the US-Yield Curve. What we see at the moment is that the shorter maturities like BIL, SHY, and IEI are in relative uptrends against GOVT which means that the accompanying yields are being pushed lower. The…
Uncertainty in the stock market makes it difficult to make investment decisions. When investors sell off stocks, everyone follows without giving it much thought and you’re left trying to figure out which path you should take. We saw this price action in the stock market on Wednesday after the Federal…
The chaotic collapse of the continuing resolution spending bill is putting House Speaker Mike Johnson’s leadership under the spotlight and Sen. Rand Paul, R-Ky., has floated the idea of replacing him with Elon Musk, President-elect Trump’s pick to co-chair his Department of Government Efficiency (DOGE). Paul took to Musk’s X…
Some House Republicans are privately fuming after Elon Musk and Vivek Ramaswamy got involved in congressional talks on government funding, leading the charge to tank a bipartisan deal. Several GOP lawmakers granted anonymity to speak freely about a sensitive situation were either frustrated about the pair getting involved or believe…
When running my StockCharts Technical Rank (SCTR) scan on Thursday, I was a little surprised to find that 75 exchange-traded funds (ETFs) and large-cap stocks made the cut, especially after Wednesday’s selloff. It was a little ray of hope. A quick sweep of the list didn’t reveal a particular sector…
The House of Representatives is set to imminently vote on a bill backed by President-elect Trump to avert a government shutdown. It comes after two days of chaos in Congress as lawmakers fought amongst themselves about a path forward on government spending – a fight joined by Trump and his…
As President-elect Donald Trump prepares to return to the White House next month, what sort of foreign policy can Americans expect during his second stint in the Oval Office? Trump will pursue an ‘America first foreign policy,’ J. Michael Waller, senior analyst for strategy at the Center for Security Policy,…