Department stores discount cosmetics, making ‘doomsday clock’ tick faster, ex-CEO says

Beauty bars, the centerpieces of many department stores, have almost always been exempt from discounts and storewide sales. But as aging retail giants continue to sag, the cosmetics counter is losing its protected status. “The department store doomsday clock,...

Google has hired at least five top law firms to fight its massive fine in Europe, sources say

Google has ramped up its legal firepower as it prepares to do battle with EU antitrust regulators after a landmark 2.4-billion-euro ($2.7 billion) fine and the possibility of a second record sanction before the end of the year. Alphabet unit Google, the world’s...

‘We’re flowing toward the path” similar to time before Great Depression, analyst says

Although the economy has been steady this year, at least one analyst has dire predictions, comparing the current period to the buildup to the Great Depression and warning that this fall is when things will come to a head. Mark Yusko, CEO of Morgan Creek Capital, has...

Retail is getting crushed, and the charts suggest there’s no relief in sight: Technical analyst

Amazon is wreaking havoc on the retail space, and technician Todd Gordon says the charts are showing there’s actually no relief in sight for the group. News on Monday that Amazon was rolling out its own “Geek Squad” similar to that of Best Buy sent...