Shade thrown... The guy who first reported the lies of Bernie Madoff and Enron? Now he's calling out GE. Fraud investigator Harry Markopolos claims the 127-year-old American icon is hiding $38B in losses from the books. GE believes Harry's just trying to manipulate its stock price so he can profit personally, but shares fell 10% on "the next Enron" vibes.
"Fashion miss"... Their words, not ours. Macy's dropped 18% after a series of mistakes that made an already brutal situation worse: Its new private-label athletic line got no love, it didn't sell enough warm weather goods this spring, and there aren't as many tourists in America going shopping. That all forced Macy's to put way too many clothes on sale, which dropped profits 48% from the same period last year.
This guy... Overstock's CEO. Turns out he was dating a Russian spy for 3 years. Last week he had his company issue a press release about how that got him involved in the 2016 presidential election investigation where he was interviewed by the "Men in Black." The bad look dropped the ecommerce company's stock 29% last week.