1. Toys "R" Us is shutting stores: More than 180 of them, in fact, accounting for about a fifth of its U.S. retail outlets. The decision comes four months after the toy seller filed for bankruptcy, struggling with $5 billion of debt in the face of competition from rivals like Walmart and Amazon.
Chinese billionaire Wang Jianlin once boasted about his sprawling global business empire. Now, the country's former richest man is offloading international properties and emphasizing his domestic investments.
The media's negative coverage of President Trump is actually helping the White House, Fox News anchor Howard Kurtz argues in his new book, "Media Madness: Donald Trump, the Press, and the War over the Truth."