Amazon strikes again: Nordstrom, JC Penney shares tank on ‘Prime Wardrobe’ rollout

Apparel stocks dive as the Amazon juggernaut rolls on. First, it was Amazon buying Whole Foods and threatening to disrupt the grocery business. Never mind Whole Foods has less than 3 percent of that business, the mere fact that Amazon was involved has been enough to...

Op-Ed: Fed should be fighting deflation as prices fall for autos, commodities and now groceries

Amazon’s acquisition of Whole Foods was, and will be, inherently deflationary. The operating efficiencies that Amazon brings to the grocery, and home delivery, business will further drive down prices and eventually spread to other areas of consumer goods. The...