The CEOs of Target, CVS and Walgreens ask Congress for help in a wave of retail crime

The CEOs of 20 major retail brands, including Target TGT, +0.26%, CVS CVS, +1.59% and Walgreen’s WBA, +0.67%, jointly wrote a letter to Congress about concerns about the rising crime rate in their stores. “As millions of Americans have no doubt seen on the news in recent weeks and months, retail stores of all types … Read more

This is the factor that was most important in driving stocks – and it certainly wasn’t interest rates

Mitch Rubin, co-chief investment officer at RiverPark Capital and manager of both long/short opportunity and major growth funds, chided the obsession with thinking about how isolated economic variables will affect markets. “Economists, experts and market strategists always note that they are simply highlighting situations where – all else being equal – one action, such as … Read more

Crypto is reshaping the global economy, 50 years after Nixon ended pegging the dollar to gold. Here’s How Some Play It

Is the global economy heading towards a Bretton Woods for the digital currency era? Sunday marks the 50th anniversary of what has been described as the fall of a “monetary bomb” on the global financial system, when President Richard Nixon announced that the US dollar would no longer be pegged to gold GC00, +0.19%, effectively … Read more