ECONOMICS

Retail giant Target on Tuesday announced the closure of nine stores in major cities across the US, citing violence, theft and organized retail crime. The news comes on the heels of a warning from the company that lost or stolen inventory has created a $500 million dent in profitability this year.

According to CNBC, the company will close one store in Harlem, two stores in Seattle, three stores in the San Francisco-Oakland Bay Area, and three more in Portland, Oregon. (more…)

The FTC's socialist wunderkind and Liz Warren puppet, Lina Khan, has decided to cremate what little was left of her reputation, and after failing to break up even one "monopoly", moments ago the FTC announced it would extend its catastrophic track record by suing Amazon.com in a long-anticipated antitrust case, accusing the e-commerce giant of monopolizing online marketplace services by degrading quality for shoppers and overcharging sellers.

In a complaint filed in federal (more…)

September was an ugly month for Texas with both Manufacturing and Services surveys chock-full of disappointment and stagflationary signals.

The goods news – growth in Texas factory activity resumed in September, according to the Dallas Fed Manufacturing survey, with the production index rebounding a somewhat shocking 20 points to +7.9 – its highest reading of the year.

The bad news – everything else…

As one respondent put it: "The summer funk has not (more…)