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A recession for the rich could slam this department store

If high-end shoppers stay away, it is unwelcome news for Nordstrom, says Wall Street. Travel, leisure and home appliance spending may be detracting from luxury retail.

'Fast Money' Recap: Michael Kors Gets Sized Up, Oil Still a Slippery Bet

The trading panel dived into assessing Michael Kors Holding and other retailers, as well as addressing energy and where oil is headed.

Chinese Consumers Ready to Spend Big

Michael Silverstein, author of The $10 Trillion Prize, says investors should bet on Chinese and Indian consumers opening their wallets in the coming years.

You Needn't Leave Terminal for Luxury Nap

Innovative hotels are offering hourly rates with beds and showers -- sometimes within airport terminals.

The New, New Rich: Wealth After the Recession

You may not see many millionaires in line for food stamps, but the recession has brought more frugality.

Breaking News

Grim Intel Outlook Tied to Weak PC Demand

We stumbled ... we lost share ... we lost momentum," said CEO Pat Gelsinger.

Fed Inflation Gauge Eases To 4.4% In December As Spending Slumps

Personal spending fell most than expected in December, according to data from the Fed's preferred inflation gauge, helping price pressure ease over the final month of the year.

Bill Gates Admits He's Not on Same Page as U.S. Politicians Regarding China's Rise

The philanthropist and Microsoft co-founder discusses China's rise and its role in the world.