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(CNN) - As the Dow was on pace for its best day of the year, and a report showed American stores had their best holiday season in six years, JCPenney's stock fell below for the first time since it started trading in 1929.That's pretty much everything you need to know about the state of JCPenney (JCP).The 110-year old company hasn't been profitable since 2010 and its prospects are bleak. JCPenney is billion in debt with a junk credit rating, a sinking cash hoard and no sign of a turnaround.With few shoppers coming to stores, JCPenney faces inventory and supply chain struggles and no clear marketing plan or strategy. The company has been forced to offer steep discounts on clothing to clear its massive inventory glut.Last month, JCPenney reported a 1 million third-quarter loss and a 5.4% drop in sales. The stock has fallen 68% this year and nearly 30% in December alone.Jill Soltau, formerly the boss of Jo-Ann Stores, became CEO in October — the company's fourth in six years. Soltau has her work cut out for her.The company's leaders said they are considering closing some of JCPenney's remaining 860 stores. That might help JCPenney in the near-term, but its long-term prospects are questionable. The company has a .1 billion debt payment due in 2023. Wall Street analysts are skeptical about JCPenney's ability to repay that money.A spokeswoman for JCPenney declined to comment.The company never really recovered from the Great Recession. It lost shoppers to cheaper sellers a decade ago and struggled to bring them back as the economy began to rebound.JCPenney plowed through its cash reserve in an expensive makeover after it hired former Apple Store chief Ron Johnson as its CEO in 2011. The plan didn't work, and Johnson was fired after 17 months on the job.It lacked the cash to improve stores, buy trendy merchandise or hire more employees.The company switched its focus several times over the past few years: from older shoppers to younger, trendier ones, back toward middle-aged women.JCPenney has recently changed its merchandising strategy, chasing proven sales trends instead of filling up stores with inventory. It started selling appliances a few years ago, but that strategy hasn't paid off either. 2244
(CNN) -- Elon Musk's reimagined electric version of the pickup truck, the Cybertruck, has captured some internet attention and sales. The billionaire tweeted Saturday that 146,000 orders of the futuristic vehicle are in so far, just two days after it was unveiled to a mixed response.Musk also emphasized that people pre-ordering seem to be going for the more expensive options. He said that 41% of the orders are for the triple motor all-wheel drive that starts at ,900, as opposed to the single motor rear-wheel drive that starts at ,900.He also emphasized in a tweet that the company had taken out "no advertising & no paid endorsement."RELATED: Tesla unveils long-awaited 'Cybertruck,' 'unbreakable' windows shatter during demonstrationPre-orders only cost 0 to secure, so it's a lot cheaper today for someone to express interest in the Cybertruck versus fully financing one. And it'll take years for the truck to get into people's hands — production starts in 2021, with the tri motor AWD version starting production a year later.The electric pickup truck prompted corners of the internet this week to make up memes over its unique appearance. The angular style has been compared to everything from a doorstop or an old Apple Mouse to a SpongeBob Squarepants character or a triangle on wheels.Cybertruck's exterior is made from a newly developed stainless steel alloy, the same metal that's used for SpaceX rockets, according to Musk. That alloy enables the car to be "literally bulletproof" against at least smaller firearms, including 9-millimeter handguns, Musk said.RELATED: Elon Musk hopes to put a computer chip in your brain. Who wants one?During a Thursday evening demonstration, a man with a sledgehammer hit the sides of the truck without damaging it. But the truck's supposedly unbreakable metal glass windows broke when a metal ball thrown at them. 1886

"Edmond de Belamy" has made history as the first work of art produced by artificial intelligence to be sold at auction.The slightly blurry canvas print, which has been likened to works by the Old Masters, sold Thursday for 2,000 — dramatically exceeding its original estimate of ,000-,000 — at a Christie's auction in New York."Christie's continually stays attuned to changes in the art market and how technology can impact the creation and consumption of art," Richard Lloyd, international head of prints and multiples at Christie's, said in a statement before the auction. 600
LAKESIDE, Calif. (KGTV) - A 2-year-old pit bull is being called a hero after five strangers burst into an apartment in Lakeside and attacked his owner.Early Friday morning at the Julian Estates apartments, Ed Neumeister was sound asleep. His rescue dog Hitch was with him in bed. Neumeister's brother was in his own bedroom, awake and gaming."Someone was taking off the screen and sliding the window open," said Neumeister.Neumeister says his older brother heard a noise, and saw a man in his 20s crawling through his bedroom window. He was followed by four others, including a woman. All reeked of alcohol."They told him, 'We have a gun. We have a knife. We're looking for Eric with two dogs," said Neumeister.His brother told them they were at the wrong place. While four of them left the room, the man who remained threatened their pets."He said, 'Do you mind if we kill your animals?'" said Neumeister.Moments, the four intruders were kicking at Neumeister's bedroom door. "I wake up, and I'm being dragged off my bed into the living room," said Neumeister.His memory is hazy, but he says the four intruders pummeled his face for several minutes, leaving him with a black eye, cuts and scrapes. The woman bit his arm, leaving teeth marks. But she wasn't the only one biting. The numerous cuts on his pit bull's body and face - likely from a knife - reveal the struggle as the normally gentle Hitch defended his owner, eventually chasing off the burglars.After they took off, Hitch chased them down the street. Deputies later found him injured - and a hero in the eyes of his owner."So proud of him. He saved us really. Could have been a lot worse," said Neumeister.Neumeister says the female burglar had blond hair with blue extensions and dreadlocks.If you have any information, call the Lakeside sheriff's substation at 619-938-1360. 1848
(AP) — Google says it has removed misleading ads targeting Americans looking for information about how to vote in November's presidential election. Some of the ads charged fees for registering people to vote, while others sucked up people's personal information for marketing purposes. The ads were discovered by the nonprofit tech watchdog Tech Transparency Project. The group found that search terms such as “register to vote,” “vote by mail” and “where is my polling place” generated ads linking to websites that charge bogus fees for voter registration, harvest user data, or plant unwanted software on people’s browsers. 633
来源:资阳报