Markets News Stocks 

Cramer: Foot Locker’s stellar earnings show the ‘mall is still not dead’ yet

“CNBC’s Jim Cramer said Foot Locker’s stellar quarterly earnings report on Friday shows there’s still some life left for brick-and-mortar retailers” writes Berkeley Lovelace Jr for cnbc.com. Cramer, host of “Mad Money,” has previously made the case for investors to stay in retail, particularly in apparel retail.Foot Locker and other similar stocks have been under pressure as investors have been concerned that Amazon could expand its dominance into apparel.Shares of Foot Locker, now with a market value of about $6.3 billion, soared about15 percent early Friday after the company reported…

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Trump’s company wouldn’t say what his new $107,000 business was, until after it was tracked down

“The new venture, T Retail LLC, came to light on Trump’s 92-page financial disclosure statement released last week, which describes it as an “online retail business.”” writes Cheriss May for cnbc.com. T Retail LLC was formed in Delaware in May 2017, according to corporate records reviewed by USA TODAY, and has also filed business registration paperwork in Florida, Louisiana, New York and Virginia. Source: cnbc.com Share This:

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FTSE 100 searches for impetus, with retail sales data on deck

“The muted action in London came as traders waited for the latest U.K. retail sales data, due at 9:30 a.m” writes Markets Reporter for marketwatch.com. Kingfisher PLC KGF, -1.08%  fell 3% after the do-it-yourself retailer said first-quarter sales fell due to bad weather.U.K. stocks swung between small gains and losses early on Thursday, with traders remaining cautiously on the sidelines ahead of a reading on retail sales, which could influence the path for U.K. interest rates.Sterling fell to a fresh 2018 low on Wednesday, after official figures showed U.K. inflation…

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Crypto Markets News 

Crypto market is absolutely irrelevant to the global financial world. Academics highlight its cult-like nature

“The cryptocurrency market is still in its infancy” reports financefeeds.com. The very niche nature of the cryptocurrency market inevitably makes prices heavily influenced by demand pressure, which in turn is fueled by how much cryptos are perceived as an actual investment and legitimate concerns about safety and frauds. Source: financefeeds.com Share This:

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Britain’s M&S says must accelerate change or die

“After taking account of adjusted items of 514.1 million pounds, including the charge relating to store closures, pretax profit was 66.8 million pounds, a 62 percent fall” writes unknown author for cnbc.com. M&S, one of the best-known names in British retail, said it made a pretax profit before one-off items of 580.9 million pounds ($778.6 million) in the year to March 31.Britain’s Marks & Spencer said on Wednesday it urgently had to modernize or risk fading away as it reported a second straight decline in annual profit and booked a…

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Crypto Markets News 

Circle adds a Buy the Market feature that lets users easily buy seven different crypto coins at once, weighted by market value; CEO says none are securities

“Crypto exchange Coinbase said in March that it was rolling out an index fund for accredited investors that tracks the four coins on its marketplace” writes Lily Katz for bloomberg.com. But unlike Coinbase, Circle has set a low investment minimum and is offering its product to retail buyers, opening up to a larger pool of potential investors, Allaire said.Circle Internet Financial Ltd., a mobile-payments and cryptocurrency-trading firm backed by Goldman Sachs Group Inc., is making a push to become the go-to destination for first-time Bitcoin buyers.Customers can invest as little…

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News Stocks 

Cramer: This trade-led rally makes sense—just look at the retail sector

“A full-blown trade war could make life very, very expensive for most Americans,” he said” writes Elizabeth Gurdus for cnbc.com. Putting the trade war on hold creates a much more positive backdrop for everything.”. As the Dow Jones industrial average crossed the 25,000 level for the first time since March, Cramer zoomed in on a group that reflected investors’ relief over the temporary truce: retail.Since the possibility of a trade war came into focus, retail stocks have been under pressure on worries that the goods they produce in China could…

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Dominique takes a clean-sheet approach for PSA

“We have to come in in a way that refocuses our energy on customer experience, customer satisfaction, profit per unit, brand-building, not rushing just to capture market share” reports autonews.com. Photo credit: CHINA HALEY DETROIT — PSA North America CEO Larry Dominique is flirting with the idea of upending the automotive retail model.At the same time, we’re looking at how we can develop a new retail experience for consumers.DOMINIQUE: Auto retailing today surrounds a very expensive asset and fixed-cost base. Source: autonews.com Share This:

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Christophe Cuvillier: Retail is not dying. Only boring retail 
is dying. 

“Unibail Rodamco is the largest property company in Europe, but few in the UK have heard of it” writes Tom Stevenson for telegraph.co.uk. Last week, shareholders of Unibail Rodamco, the company of which he is chief executive, signed off on a $24.7bn (£18.3bn) deal to buy rival shopping centre owner Westfield.This week, Westfield’s shareholders will rubber-stamp a deal that has been three years in the making. Source: telegraph.co.uk Share This:

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GBP News 

British Land plots new focus on homes for rent and serviced offices

“British Land is planning to focus its business on the so-called sharing economy by building more homes for rent and expanding its own serviced office brand in a bid to shore up its portfolio against weakness in the retail sector” writes Kallum Pickering for telegraph.co.uk. The move also means it is backing away from the more volatile retail sector, where it said that the gap between prime shopping centres and a second tier of centres is becoming increasingly large. Chris Grigg, chief executive of British Land, said the build-to-rent sector,…

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