ThinkstockThe U.S. Census Bureau reported this morning that construction spending in January fell by 2.1% to an estimated seasonally adjusted annual rate of $883.3 billion from a revised estimate of $902.6 billion in December.…
ThinkstockThe stock and bond market just got two new economic readings to digest, and they are both indicating more strength than the economists were expecting. The first reading is the ISM Manufacturing Index for…
courtesy Ford Motor Co.February U.S. sales numbers are due out from most U.S. and foreign automakers today, and it looks like February was another good month for car sales. Chrysler Group, which is controlled…
ThinkstockIt is amazing that we are getting initial public offerings from companies tied to the housing market again. Many market pundits and economists are conveying the message that the housing recovery is going to…
ThinkstockPersonal income tanked in the month of January while spending maintained a narrow 0.2% gain. Today’s report from the Commerce Department showed that income was down b a whopping 3.6% as higher tax rates…
courtesy Best Buy Co. Inc.Best Buy Co. Inc. (NYSE: BBY) was supposed to report results last night, but that was also the deadline for the company’s ousted founder to make a firm offer to…
Jon OggThese are some of this Friday’s top analyst upgrades, downgrades and initiations seen from Wall St. research calls. Air Lease Corp. (NYSE: AL) named Bull of the Day as “earnings takeoff” at Zacks.…
ThinkstockFor more than a year now, the big story about Glencore International Ltd. has been its effort to take over mining company Xstrata. But an exclusive report at Reuters today could change all that.…
Berkshire Hathaway Inc. (NYSE: BRK-B) is releasing its annual results and the widely read annual letter to shareholders on Friday afternoon. 24/7 Wall St. is looking at the tea leaves to see what Warren…
ThinkstockThe public remains awed every time a U.S. car company adds even a few employees. Perhaps that is because so many tens of thousands lost jobs during the recession and bankruptcies of General Motors…
ThinkstockEuro area unemployment rose again, a sign that austerity has not helped alleviate economic markets and likely has caused an erosion of jobs. According to Eurostat figures: The euro area (EA17) seasonally-adjusted unemployment rate was 11.9% in January 2013,…
courtesy of Google Inc.For those who swear by Google Inc.’s (NASDAQ: GOOG) news as the best source of aggregated information on the Internet, here are today’s business headlines: Countdown to spending cuts: A matter…
ThinkstockEuropean Unemployment Rises Euro area unemployment rose again, a sign that austerity has not helped alleviate economic markets and likely has caused an erosion of jobs. According to Eurostat figures: The euro area (EA17) seasonally-adjusted unemployment rate was 11.9%…
courtesy of Groupon Inc.Groupon Inc. (NASDAQ: GRPN) ex-CEO Andrew Mason has a chance to pay back some of the stock losses suffered by his shareholders, based on his huge holdings in the public company,…
courtesy Best Buy Co. Inc.Best Buy Co. Inc. (NYSE: BBY) founder Richard Schulze will not make an offer to buy a large stake in the company in exchange for three board seats, according to…