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What This Centi-Billionaire Fashion Magnate Can Teach You About Investing

There are 2,208 billionaires on earth, according to Forbes. But only three are rich enough to qualify as “centi-billionaires”—worth $100 billion or more.
Shares in J.C. Penney Company, Inc. (JCP) fell close to 5 percent Monday as the embattled stock continued to crater. The company’s most recent struggles appear connected to reports on
Department stores have been and will continue to be a news item this week and the next. Macy’s (M) reported earnings on Wednesday that showed earnings for the second quarter slightly short