There were protestors in front of Goldman Sachs’ offices in Manhattan yesterday who were angry with the bank for a purchase it made. Goldman bought $2.8 billion worth of Venezuelan bonds from the state-owned oil company through a broker. It struck a real bargain, too, getting them for 31 cents on the dollar. That means […]

In yet another blow to the brick-and-mortar retail business, luxury retailer Michael Kors announced it will close up to 125 of its full-price stores. The company and its competitors have been facing slowing sales as more customers shop online and spend less on apparel.  Michael Kors CEO John Idol announced the store closures in today’s […]

Americans’ credit scores are averaging way higher, around 700 according to a new report from FICO. Credit agencies are also cleaning up their rolls and getting old or bad data off people’s reports. Plus, many people who went into bankruptcy during the financial crisis are now returning to credit-worthiness as the statute of limitations comes […]

President Trump’s tweet Tuesday about the U.S.’s “massive” trade deficit with Germany got us wondering about just how big that deficit is, and why we’re buying all those German goods. First, the size of the deficit: The U.S. buys about $65 billion more from Germany than Germany buys from the U.S. One thing that tells […]