As retailers post poor earnings, the possibility that major retailers will eliminate thousands of locations in total has increased. Some announcements about "downsizing" have already been made.
ThinkstockThe Fitch announcement on Greece debt upgrade: Fitch Ratings has upgraded Greece’s Long-term foreign and local currency Issuer Default Ratings (IDRs) to ‘B’ from ‘B-‘. The Outlooks are Stable. The issue ratings on…
ThinkstockGameStop Corp. (NYSE: GME) reported first quarter 2014 results after markets closed on Thursday. The video game retailer posted diluted earnings per share (EPS) of $0.59 on $2 billion in revenues. In the same…
Hewlett-Packard may have released its earnings report early. Whether this was intentional, an accident or a leak is something we will leave to your imagination.
ThinkstockFreddie Mac released its weekly update on national mortgage rates on Thursday morning, showing modest declines in interest rates nearly across the board. Both 30-year fixed-rate mortgages (FRMs) and 15-year FRMs got cheaper over…
thinkstockMay 22, 2014: Markets opened mixed on Thursday but the Nasdaq and the S&P 500 soon pulled higher and traded up the rest of the day. The DJIA wobbled a bit before gaining about…
Hewlett-Packard Co. (NYSE: HPQ) may have released its earnings early, on accident — or via a leak. Bloomberg TV has reported that Hewlett-Packard has second-quarter earnings of $0.88 per share on revenues of $27.3…
ThinkstockAlcatel-Lucent S.A. (NYSE: ALU) has promised to reduce its operations to a more manageable core base of assets under its Shift Plan. Most on Wall Street and in Europe believe that this will end…
National economic activity declined sharply in April, according to the Chicago Federal Reserve National Activity Index released today. After clocking in at a revised 0.34 for March, April saw economic activity slump to -0.32. Based…
ThinkstockJust five states accounted for more than half of all condominium cash sales as of January 2014. The five are Florida, Nevada, New York, Alabama and Arizona. Florida alone accounts for 36.7% of the…
ThinkstockGet ready for a busy travel session this Memorial Day weekend. While this national holiday has no real gift-giving associated with it, Memorial Day has a big contribution to the economy. It marks the…
ThinkstockThe Markit Flash U.S. Manufacturing Purchasing Managers’ Index (PMI) jumped 1.4% to 56.2 for May, according to a Markit report released Thursday. This month’s flash estimate came as a surprise to analysts, who had…
The National Transportation Safety Board has issued a series of recommendations that the agency has developed as part of its investigation into the battery fire in a 787 Dreamliner in January of 2013.
(Credit: NBC)Recently the business of television was on full display as the networks spent tons of money trying to convince advertisers, investors, and audiences that their new slate of programming is the most profitable. Now…
ThinkstockThe greater the potential for innovation in a city the higher the economic output that city is likely to enjoy. Cities that rank high in innovation are better destinations for investments in commercial product,…