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Suffering from slumping sales and mountains of debt, Toys 'R' Us has filed for bankruptcy.The 69-year old Toys R Us was once the mecca of kids' gifts. But it was eventually overtaken by Walmart and ultimately Amazon.In its fight to stay relevant, Toys R Us amassed billion in debt. That came from slashing prices, signing major,exclusive licensing deals with toymakers and buying up other toy giants FAO Schwartz and KB Toys over the past decade. 467

Taylor Swift used her acceptance speech for artist of the year at the American Music Awards on Tuesday night to encourage her fans to vote."This award and every single award given out tonight were voted on by the people, and you know what else is voted on by the people?" Swift asked the audience. "It is the midterm elections on November 6. Get out and vote. I love you guys."Swift had announced Sunday on Instagram that she would be voting for Democratic candidatesin her home state of Tennessee in the elections and called on her fans to register and vote. The post has been liked nearly 2 million times.Earlier in the show, comedian Billy Eichner had referenced Swift's post. 692

The Better Business Bureau (BBB) is warning that the number of online puppy scams has risen sharply in 2020. The rise in scams comes as more families seek to adopt pets to ease the loneliness, tension or boredom associated with the COVID-19 pandemic.Scammers are taking advantage of the rising demand by tricking would-be pet owners into paying hundreds of dollars or more to purchase animals that ultimately don’t exist.The BBB says its Scam Tracker has received nearly 4,000 reports of pet fraud so far this year and the bureau projects it will receive about 4,300 reports by the end of 2020, amounting to approximately .1 million in losses. Last year, there were only 1,870 pet scams reported, amounting to just over million.The BBB says it started to see this spike in scams when the pandemic hit the U.S. in the spring. Accordingly, there were more reports in April than in the first three months of the year combined. This trend is continuing into the holiday season as well. The BBB says it received 337 complaints about puppy scams in 2020, which is a dramatic increase from 77 for the same month in 2019.The median loss reported to Scam Tracker this year is 0 and victims between 35 and 55 accounted for half of the reports.With scammers evolving their tactics during these difficult times, the BBB says consumers should exercise extreme caution when shopping for pets online.Data from the Scam Tracker shows that mobile payment apps like Zelle and CashApp are often being used now, whereas Western Union or MoneyGram wire transfers were popular payment methods documented in a 2017 study. Also, the BBB says pet scammers now commonly use online advertising tools, like sponsored links to boost their fraudulent listings in search results.Additionally, the pandemic has given scammers a new tool in their arsenal. Reports show many fraudsters are telling victims they cannot meet the animals before sending money because of COVID-19. To combat this, experts recommend using video conferencing to meet the animal and owner virtually before buying.Scammers have also made COVID-19-related money requests for items such as climate-controlled crates, insurance and non-existent COVID-19 vaccines.Michelle L. Corey, BBB St. Louis president and CEO, says knowing the red flags associated with these pet scams can help consumers avoid heartache and losing their money.The BBB recommends the following when buying pets online:See the pet in person before paying any money. In light of the COVID-19 pandemic, consider a video call with the seller so you can see the seller and the actual pet for sale. Since scammers are not likely to comply with the request, this may help avoid a scam.Do a reverse image search of the photo of the pet and search for a distinctive phrase in the description.Do research to get a sense of a fair price for the breed you are considering. Think twice if someone advertises a purebred dog for free or at a deeply discounted price … it could be a fraudulent offer.Check out a local animal shelter online for pets you can meet before adopting.BBB urges more law enforcement action against pet scammers.The public should help to educate those looking for pets online by sharing BBB’s tips and study.Click here to learn more. 3267

That was fast. Wall Street's enthusiasm for the US-China trade truce has completely vanished.The Dow Jones sunk nearly 800 points on Tuesday, nearly a three percent drop.The S&P 500 declined 2.5%, while the Nasdaq tumbled 3%.Big tech stocks fell sharply. Apple (AAPL), Amazon (AMZN) and Alphabet (GOOGL) lost more than 3% apiece.The selloff wipes out Monday's 288-point jump on the Dow. That rally had been fueled by relief over the ceasefire between the United States and China on the trade front.But investors are quickly realizing that the US-China trade war is not over. The tariffs already put in place remain. And new tariffs could be implemented if the two sides fail to make progress."People are still very concerned about the trade war," said Dan Suzuki, portfolio strategist at Richard Bernstein Advisors. "Financial markets are increasingly showing signs of fear of a recession."President Donald Trump did not help Wall Street's trade war worries on Tuesday. Trump said that he would "happily" sign a fair deal with China but also left open the possibility that the talks will fail."President Xi and I want this deal to happen, and it probably will," Trump tweeted. "But if not remember... I am a Tariff Man."Those words aren't likely to bolster confidence among investors already worried about the negative consequences of the trade war. Steel and aluminum tariffs have lifted raw material costs and caused disarray in supply chains. And uncertainty about trade policy makes it very difficult for companies to make investment decisions.Investors have also grown very worried in recent days about fluctuations in the bond market. The gap between short and long-term Treasury rates has narrowed significantly this week. Before almost every recession, the yield curve has inverted, meaning short-term rates are higher than long-term ones.The gap between the 10-year and two-year Treasury yields dropped on Tuesday to the smallest since just before the Great Recession. And the less closely watched gap between three and five-year Treasury yields inverted on Monday.The tightening yield curve reflects fears about a growth slowdown and concerns about whether the Federal Reserve is raising interest rates more quickly than the economy can handle. Fed chief Jerome Powell gave a speech last week that investors interpreted as signaling the central bank could slow its rate hikes. However, there is a debate over whether Powell really was telegraphing a sudden change.Barry Bannister, head of institutional equity strategy at Stifel, predicts the Fed will pause its rate hikes because it has already made monetary policy too tight. He pointed to the slowdown in the housing market caused by higher mortgage rates."It's playing with fire to be too tight and risk an inversion because you don't know what the outcome will be," Bannister told reporters on Tuesday. "Even if the Fed pauses, they may have already done too much."A flattening yield curve and slowing economic growth hurt the profitability of banks.The financial sector was the second-worst performer in the S&P 500 on Tuesday. Bank of America (BAC), Morgan Stanley (MS) Citigroup (C) and Wells Fargo (WFC) declined more than 4% apiece.But Suzuki cautioned that the markets could be overreacting. He pointed to strong corporate profits and the fact that the yield curve has not yet inverted."We don't see signs of an impending recession," Suzuki said. "There is a widening gap between market fear of a deterioration in the fundamentals and the actual fundamentals themselves." 3558

Thanksgiving 2018 marks the 55 years since President John F. Kennedy was shot and killed while making a visit to Dallas, Texas.On November 22, 1963, President Kennedy, his wife Jackie, Texas Gov. John Connally and his wife, Nellie, rode in an open car down Dealey Plaza in downtown Dallas. At that point, Lee Harvey Oswald shot and killed Kennedy from the Texas School Book Depository building.Relive the events of the Kennedy assassination in the timeline below.Timeline (all times are Central Standard Time unless otherwise noted): 541

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