Self-checkout annoys customers and helps shoplifters. Stores still add it

New York CNN Business — Self-service payment come in the late 1980s in supermarkets. A decade later, it began to spread to large chains and pharmacies. Now self-payment, loved by some and hated by othersentered discount clothing stores and department stores. Kohls (KSS) is testing self-service payment terminals in a handful of stores. H&M has … Read more

Wall Street’s rout gathers momentum as the Dow sheds 500 points to start the week

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Stocks fell Monday on fears the Federal Reserve would continue to tighten until it drags the economy into a recession. The Dow Jones Industrial Average fell 496 points, or 1.4%, while the S&P 500 and Nasdaq Composite were down 1.8% and nearly 2%, respectively. A warmer-than-expected reading from November ISM Services fueled concerns that the … Read more

Why This Wall Street Bear Says It’s Time To Sell Stocks Again

Why This Wall Street Bear Says It's Time To Sell Stocks Again

One of the biggest market skeptics is going back to old ways. Morgan Stanley Strategist Mike Wilson warned that the rally that has enveloped markets in recent weeks is long in the tooth and overdue for a break. “As expected, lower interest rates at the end resulted in modest additional gains for this bear market … Read more

European markets, stocks, data, news and earnings

European markets, stocks, data, news and earnings

Stocks in motion: CFF up 13%, Rational down 8% Swedish real estate company SBB saw its shares rise 13% by late afternoon, making gains on its previous increases, after presenting its pro forma earning capacity for 2023 following the sale of shares in education unit EduCo. At the bottom of the index, the German kitchen … Read more