Far from facing extinction, Best Buy is poised for another year of solid growth. Its relative success stands in sharp contrast to the fate of retail in general, and its formula should serve as a reminder that retailing may be changing, but not everything will be ecommerce.
Read moreThe Recession Is Over — and It Isn’t
With Wall Street — and the Federal Reserve — in a headlong rush to declare the recession over, the economic data has indicated that the simple binary recession/no recession framework obscures more than it reveals. Yes, defined purely in terms of Gross Domestic Product (GDP), the recession looks to be winding down, with strong indications that GDP is about to turn positive after a long and painful swoon.
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