#Saks

Update: Bitcoin and Bitcoin Futures have collapsed since the futures opened... Dropping over $2200 to converge with spot... *  *  * Both CME and CBOE Bitcoin Futures contracts opened above $20,000 this evening (with Bitcoin spot hovering around $19,000). However, as soon as trading started,

Despite daily affirmations from the White House that "everything is awesome" with the economy, 2017 has been a miserable year for retailers.  As Reorg First Day points out, over 30 retailers, with debt aggregating into the billions of dollars, have filed for bankruptcy so far this year... After

Japan's economy grew by 1% sequentially, and 4% on an annualized basis in Q2, smashing expectations of a 2.5% print and well above the upward revised 1.5% in the first quarter; it was also the the highest quarterly growth since a 5% print in Q2 2015, Japan's Cabinet Office reported, and the 6th

This morning's announcement of Abercrombie's failed sale process served as a startling reminder of just how toxic mall-based retailers have become to investors in the post-Amazon era.  News that not a single suitor was willing to touch the once high-flying, teenage-catering, cologne-infused,

When we reported on last night's alleged "terrorist coup" attempt by a "rogue police officer" who stole a helicopter and single-handedly attacked the Interior Ministry and the Supreme Court in Venezuela, we had one tangential observation: the attempted "coup" may have been no more a coup than the