Under Armour announces LAYOFFS as sales SLIDE

More bad news for retail. According to this CNBC report Under Armour has announced hundreds of layoffs as sales slide.

Under Armour plans to cut about 2 percent of its global workforce as it restructures its business in the face of slumping sales.

On Tuesday, the sports apparel company reported a narrower-than-expected second-quarter loss, but shares fell as the company trimmed its sales forecast for the year.

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Venezuela is ready to EXPLODE as VOTERS stay away from polls

Venezuela is a complex issue that cant be summed up in one article. According to this AP report many Venezuelans have stayed away from polls to protest government vote.

Venezuelans stayed away from the polls in massive numbers on Sunday in a show of protest against a vote to grant President Nicolas Maduro’s ruling socialist party virtually unlimited powers in the face of a brutal socio-economic crisis and a grinding battle against its political opponents and groups of increasingly alienated and violent young protesters.

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