Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Traditional brick-and-mortar retailers are showing signs of life at a time when a lot of people had written them off.
"There is life after Amazon. We're just figuring that out," said Marc Chaikin, CEO of Chaikin Analytics. "Black Friday and Cyber Monday were particularly strong for brick-and-mortar."
The chart below shows the retailers that hit record highs on Monday and how they fared during the session:
Traditional retailers have bounced back sharply since the start of the holiday shopping season. The National Retail Federation said last week more than 174 million Americans shopped in stores and online from Thanksgiving Day through Cyber Monday, surpassing expectations.
The bounce comes at a time when many investors and analysts have given up on traditional brick-and-mortar retailers. For years, the rise of online shopping has taken market share away from these companies. E-commerce giant Amazon has been perhaps the biggest beneficiary of this change.
But the XRT is up nearly 7 percent since Black Friday. Chaikin also noted that Wal-Mart's third-quarter earnings report — which crushed analyst expectations — showed analysts and investors that "it was possible to exist" and compete as a brick-and-mortar retailer.
Wal-Mart traded down 0.3 percent but remained near an all-time high on Monday. Gap, meanwhile, hit its highest level since 2015. Macy's and O'Reilly Automotive shares were up 5.2 percent and 5.7 percent, respectively. Macy's and O'Reilly, however, are still down for the year, and the XRT is barely positive for the year.
Jeff Kilburg, CEO of KKM Financial, said retail's recent bounce was more a factor of sector rotation in the stock market, however. "We have seen technology dominate in 2016 and 2017 [while] we've seen retail beaten down and bruised," he said. "I think people are trying to find value and are scraping the laggards of 2017."
Despite the resurgence brick-and-mortar retailers have shown recently, some are skeptical about whether they can keep this up.
Maris Ogg, president at Tower Bridge Advisors, called this a "dead-cat bounce," adding traditional retailers will continue to "lose more market share to online retailers."