13 May, 2016 by The TZ Newswire Staff Comments Off on Abro sells three Bronx elevator buildings for $27M
Abro sells three Bronx elevator buildings for $27M
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13 May, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Magic Johnson resigns from Square board to pursue infrastructure fund
The Wall Street Journal: Magic Johnson resigns from Square board to pursue infrastructure fund
Basketball legend says he was approached with a $1 billion investment for his fund.
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13 May, 2016 by The TZ Newswire Staff Comments Off on Retail meltdown: Where it’s safe to go shopping
Retail meltdown: Where it’s safe to go shopping
Retail sales’ surprise and a look at next week’s earnings are giving investors hope the consumer hasn’t completely shut down.
13 May, 2016 by The TZ Newswire Staff Comments Off on USD/JPY beaten back from the big Fib once again
USD/JPY beaten back from the big Fib once again
USD/JPY retreats towards the lows of the day
USD/JPY momentarily rose above the 61.8% retracement of the post-BOJ drop and reached the best level since April 28 but it’s slowly been beaten back.
13 May, 2016 by The TZ Newswire Staff Comments Off on Brick & Mortar Feeling the Wrath on Friday the 13th
Brick & Mortar Feeling the Wrath on Friday the 13th
Friday the 13th may have negative historical connotations, but we have no reason to change our daily routines. Unless, of course, our livelihoods are directly tied to the traditional brick-and-mortar retail space, particularly department stores.
13 May, 2016 by The TZ Newswire Staff Comments Off on Retail Department Store Carnage: Amazon to Blame? Mish 12-Point Summation
Retail Department Store Carnage: Amazon to Blame? Mish 12-Point Summation
Retail department store sales are in a funk. Macys, Nordstrom, Dillards, Kohls, and Ralph Lauren have all reported dismal sales or profits. On Wednesday, Macy’s reported the worst quarterly sales since the recession. On Thursday, Nordstrom did the same.
13 May, 2016 by The TZ Newswire Staff Comments Off on Michigan Consumer Sentiment: Rebound in May, Highest in Nearly a Year
Michigan Consumer Sentiment: Rebound in May, Highest in Nearly a Year
The University of Michigan Final Consumer Sentiment for May came in at 95.8; it’s the highest reading in nearly a year and a 6.8 point increase from the 89.0 April Final reading. This is its largest increase since 2013. Investing.com had forecast 90.0.