Newsfeed: US Middle Class Is Shutting Down As Spending By The Rich Remains Robust

Newsfeed: US Middle Class Is Shutting Down As Spending By The Rich Remains Robust

After dismal earnings by such mammoth retailers as Walmart, Targets and this morning’s “horror report” by Abercrombie and Fitch, on Tuesday afternoon we actually got a solid report by Nordstrom, which not only printed strong earnings but also hiked guidance sending the stock higher as much as 12%.