Dick’s Sporting Goods faces a big problem

Dick’s Sporting Goods faces a big problem

A growing sports apparel trend is making it increasingly difficult for Dick’s Sporting (DKS) to “stay relevant,” says one equities analyst. “Dick’s may be the largest pure sporting goods chain in the U.S., but nearly all items in its inventory are available at other stores and online,” David Swartz, analyst at Morningstar, wrote in a […]
The recovery faces two major labor market risks: Morning Brief

The recovery faces two major labor market risks: Morning Brief

Friday, May 29, 2020 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET.  Subscribe The clock is ticking on benefits and temporary layoffs. The U.S. labor market has been decimated in two months. Data released Thursday revealed...
US economy faces ‘longer-term concerns’

US economy faces ‘longer-term concerns’

Federal Reserve Chairman Jerome Powell said the central bank would continue to use its policy tools to mitigate the impact of the novel coronavirus on the U.S. economy, but warned that the length of the health crisis raises “longer-term concerns.” Powell said in...
Trump faces an Obama problem on the economy

Trump faces an Obama problem on the economy

In 2014, President Obama was eager to tell voters how well the economy was doing after a searing recession. In several speeches, he declared the economy was “booming,” while bragging of a “record stock market, record corporate profits, 52 months of consecutive job...