Business

Ten days after Foot Locker stock cratered on terrible guidance and dreadful commentary on the state of the retail industry, today its peer Finish Line cratered after hours, plunging more than 20% after it pre-released Q2 results while slashing full year EPS guidance by 50%.

For Q2, FINL reported net sales of $469.4 million, down 3.3% Y/Y driven by a 4.6% drop in Finish Line comparable sales. Based on the decline in sales and pressure on gross margin from increased markdowns, the company now expects to report second quarter earnings per share in the range of $0.08 to $0.12.

The governor of the Bank of Mexico believes bitcoin and other digital currencies should be classified as commodities, not currencies, echoing the conclusion of the US Commodity Futures Trading Commission, which decreed in 2015 that cryptocurrencies would be treated like commodities.

Why Does The New York Times Hate White People?

http://www.unz.com/article/charlottesville-and-the-new-york-times/

The post Why Does The New York Times Hate White People? appeared first on PaulCraigRoberts.org.

Dow futures down over 120 points (and Nikkei 225 down over 200 points) at the reopen following North Korea's 'successful' firing of a ballistic missile across Japan.

Gold futures spiked to $1325 as USDJPY plunged...

The USDJPY is tumbling on the news... Breaking below 108.50, a break of April's 108.12 may require more than a little help from Kuroda and friends.

Japanese equity market futures plunged to 4-month lows...

And VIX futures are snapping higher...

Authored by Craig Wilson via The Daily Reckoning,

Nomi Prins joined Sprott Money News for its Ask the Expert segment that covered the Federal Reserve system, Glass-Steagall reform and even the recent activity from the U.S Treasury.

Nomi Prins is a former Wall Street insider where she worked as a Managing Director at Goldman Sachs among other major financial outlets. She is also a best-selling author who wrote All the Presidents’ Bankers, a book that examines the hidden alliances between Wall Street and Washington.